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UAE forex brokers

Due to its strategic location in and rising investment opportunities, the Gulf is becoming an exciting emerging forex market in recent years. The United Arab Emirates (UAE) is one of the fastest growing online forex trading hubs in the Gulf region, and a lot of forex brokers have set up operations there.

 

The regulatory authority in charge of forex brokers all seven Emirates that constitute the UAE is the Central Bank of United Arab Emirates (CBUAE). It regulates the activity of intermediaries dealing in sale and purchase of stocks, bonds, currencies and commodities, as well as in money market transactions. The Central Bank of the UAE is also responsible for the licensing of such intermediaries. Furthermore, it makes sure that registered brokers follow the law and abide by rules and regulations which emphasize consumer protection, healthy competition, fairness and transparency, and professionalism.
 
According to the laws applicable in the UAE, a financial services intermediary should be a UAE citizen in the case of natural persons, and national shareholding should not be less than 60% of total paid-up capital in the case of companies. The regulations further set a minimum capital requirement from one to three million dirhams, depending on the scope of activities.
 
Local operators should have the Arabic language option available if they aim at reaching the traders in the UAE, as well as swap-free accounts in compliance with Sharia law, as Islam is the official religion.
 
As regards the payment methods, the most common ones in the Emirates are cards (Visa, MasterCard, EuroPay), as well as CashU.

 

Forex

UAE forex brokers

Broker Country Regulation Min.deposit Platforms Review
Cyprus, UK, Mauritius CySec, FCA, FSC $10 MT4, MT5, Web Review Website
Cyprus, SVG CySEC $100 MT5, Web,
cTrader
Review Website
Australia, Cyprus ASIC, CySEC $100 MT4, MT5, Iress Review Website
Cyprus, Australia CySec, ASIC $5 MT4, MT5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA $50 MT4, Trading
Station,
NinjaTrader
Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB $100 MT4, MT5, FxPro
Markets,
cTrader
Review Website
Cyprus CySEC $1 MT4, MT5, Web Review Website
Belize IFSC $100 MT4, MT5 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA $5 MT4, MT5, Web Review Website
UK FCA $100 MT4, Web, MT4
for Mac
Review Website
UK FCA $5 MT5 Review Website

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