Discover several legal United Arab Emirates (UAE) brokers to start forex trading in Dubai. Indeed, many traders are looking to Dubai for trustworthy, secure broker platforms. With the Dubai Financial Services Authority (DFSA) and Securities Commodities Authority (SCA), traders can access stable, well-regulated financial markets.
Of course, many traders also prefer Dubai’s forex market for the country’s infrastructure and high-end amenities. As a trader getting started yourself, you need to know the best forex brokers in UAE to trade FX pairs. This way, you can access competitive trading fees for secure, well-regulated trades. Read on to learn about the top legal UAE brokers to start forex trading in Dubai.
Saxo Bank: Brokerage With Best FX Trading Mobile App
Start forex trading in Dubai with one of the best mobile platforms, Saxo Bank’s Banque app. Saxo Bank is regulated by the DFSA, giving Dubai residents access to trade over 30,000 instruments. The Saxo Bank broker is also authorized in several other jurisdictions throughout the globe, including Australia, Japan, Singapore, and Switzerland – similar to the strength of the Dubai financial sector.
For Emiratis in Dubai who prefer mobile trading, the app offers a wide range of tools, including charting, indicators, and drawings. The app works for long-term investors and active day traders who require signals, low-cost spreads, and granular technical analysis. Additionally, the app has fundamental analysis charts and signals. Check out this Dubai Forex trading app for a full range of account types that work for you.
AvaTrade: Competitive Trading Platforms
AvaTrade is a legal FX broker with competitive platforms to start trading in Dubai and UAE. Particularly, you can choose between a range of trading platforms – including AvaSocial, AvaOptions, WebTrader, and AvaTraderGo. Of course, Dubai-based clients can also access MT4 and MT5 platforms with AvaTrade or Exness. You can also install the Guardian Angel plugin to upgrade your MT4/MT5 suite for a competitive advantage. Experienced UAE traders like you can further install third-party plugins, including TradingView, DupliTrade, ZuluTrade, and Capitalise.ai.
If you’re looking to execute automated trades, you can further implement EAs, trading bots, and third-party API scripts with your UAE-based AvaTrade account. You can also open Islamic swap-free forex broker accounts to trade legally in Dubai with a low FX spread of 0.3 pips. Definitely, Dubai traders can start trading forex on the competitive UAE AvaTrade platform.
IC Markets: Trade Multiple Financial Instruments
In addition, review IC Market’s financial instruments for Dubai forex trading. Indeed, this UAE broker offers over 2,000 tradable instruments – with new solutions for passive investments. Additionally, you can trade with over 70 different currency pairs depending on your preferences. Notably, IC Markets also accommodates traders with swap-free Islamic accounts – aligned with Sharia law.
Take advantage of IC Market’s low minimum spreads and fast execution speeds. Plus, you can trade other assets like commodities, indices, and cryptocurrencies. Leverage platforms like MT4, MT5, and cTrader as well. In short, IC Markets is one of the best UAE forex brokers in Dubai.
FP Markets: ECN Trading With Up To 1:500 Leverage
FP Markets is a reputable forex broker in Kuwait that also supports FX trading in Dubai with a competitive 1:500 leverage. Primarily based in Australia, FP Markets offers higher leverage on different trading platforms for UAE clients – including MT4, MT5, WebTrader, and IRESS platforms. Particularly, you can access this higher 1:500 leverage only with FP Markets’ Pro accounts.
Meanwhile, regular retail traders in Dubai can only access a limited 1:30 leverage. While trading in Dubai – you can still take advantage of higher leverage on FX pairs, shares, stocks, and other trading instruments. Indeed, trade forex in Dubai with FP Markets’ competitive up to 1:500 leverage.
Exness: FX Broker To Manage MT4/MT5 Accounts
Exness is another legal, UAE broker to start FX trading within Dubai – renowned for seamless MT4/MT5 account management capabilities. For starters, read a detailed Exness broker review. You can access 140+ profitable global currency pairs, indices, cryptocurrencies, and commodities on the market. Meanwhile, this brokerage firm protect your funds through regulations by notable authorities – including the FCA and CySEC.
Trading on MetaTrader 4 or MT5 broker account, you can leverage rapid execution speeds, dedicated customer support, and low trading spreads. Additionally, you can leverage a cutting-edge hedging system, powerful technical indicators, and advanced market analysis tools. Certainly, start forex trading in Dubai with Exness – one of the best legal UAE brokers.
There are multiple legal FX brokers to start trading in Dubai. Choose Saxo Bank if you want to access a feature-packed mobile app. AvaTrade is a trusted brokerage option for Dubai-based traders looking to access a range of competitive platforms – including MT4, MT5, TradingView, and DupliTrade. Meanwhile, multi-instrument traders can take advantage of IC Markets’ support for a range of tradable assets.
Professional Dubai traders like you can also select FP Markets to trade with a higher 1:500 leverage. Finally, choose Exness if you want the most competitive conditions for MetaTrader Suite. Follow the points above for the best legal brokers in Dubai and UAE to start forex trading.