Dubai Forex Brokers Reviews

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Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Sara Patterson

There are many Forex brokers domiciled in Dubai. Most of them are not regulated by any bona fide regulatory organization, which is unfortunate, yet they handle millions of dollars in trades each day. It is not surprising that there are plenty of scams and fraud within the Forex industry in the UAE and traders are advised to be discerning when choosing to open an account with any Dubai-based broker

ECN-style trading
Daily market research and Autochartist access
1
9.9
Best all around broker
High floating leverage + fast execution
2
9.7
Competitive pricing
Top-notch daily videos
3
9.5
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
4
9.1
Leverage up to 1:500 available
Proprietary platform offers a nice alternative to out-of-the box solutions
5
9

The UAE is the fastest growing online trading hub second only to Saudi Arabia. The population has a generally high income and includes a large segment who enjoy speculating in financial markets including Forex. This has attracted many Forex brokers to the region. Check out our listing of the top Dubai Forex brokers below before choosing a Dubai Forex broker.

The question of how to choose a Forex broker in Dubai is straightforward. Those few Forex brokers there which are regulated are head and shoulders above the rest and should be at the top of your shortlist. This is because your number one concern as a trader is the security of your deposit. Your money is far less likely to disappear or become somehow inaccessibly tied up in bureaucratic red tape at a regulated Forex broker, even in a country with relatively light regulation such as the U.A.E.

The next thing to do is check the reputation and track records of the regulated Forex brokers. The longer a broker has successfully conducted business, the better run it is likely to be. Longevity is a reliable heuristic here.

Now you’ve got through safety issues, you can consider what the broker has to offer. Is the cost of trading there competitive or not? Check spreads, commissions, and other incidental fees. Traders who are planning to keep trades open over the New York rollover at the end of the trading day there should also consider the overnight swaps typically offered. Unfortunately, some brokers use this typically “hidden” fee to fleece their customers.

Finally, examine the “nice to have” elements, such as the range of tradable instruments, quality of customer support, and trading platforms. Going through the process in this order should ensure you end up opening an account with the best Dubai Forex broker for you.

Sara Patterson
Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.