Dubai Forex Brokers

Dubai Forex Brokers – UAE emerging as one of the fastest-growing regions in the world and population having high-levels of income, many forex brokers have made the UAE one of their centers. The fact that the local people have developed an interest in the forex market also has helped many forex brokers extend their forex broking services to the region.

Dubai Forex Brokers

1. XM

XM is among the world’s most regulated and trusted forex brokers whose clients are spread across over 196 countries. While the main branch of this forex broker is in Cyprus, it also has branches in other regions, like the UK, Australia, UAE, Greece, and Belize.
  • Minimum Deposit: $5
  • Regulated : IFSC, AFSL, CYSEC, Dubai Financial Services Authority (DFSA)
  • Platforms: Metatrader 4, Metatrader 5,
  • Minimum lot size: 0.01 lot
  • Spread Type: Floating
  • Maximum Leverage: 1:888
  • Head Office: Cyprus, Belize ,Australia

2. HotForex

Headquartered in Cyprus, HotForex is a forex broker that provides clients with 17 trading tools and more than 150 trading products, thereby providing access to indices, global markets, cryptocurrencies, shares, energies, commodities, metals, and bonds.
  • Minimum Deposit: $5
  • Regulated : CySEC, FCA, FSC, FSCA, FSA, Dubai Financial Services Authority (DFSA)
  • Platforms: Metatrader 4, Metatrader 5, WebTrader
  • Minimum lot size: 0.01 lot
  • Spread Type: Floating
  • Maximum Leverage: 1:1000
  • Head Office: Mauritius

3. OctaFx

Octafx, is a forex broker that has been operating since 2011, has experienced significant growth in recent years. The fact that it has won several awards is an indication of its phenomenal success in recent years.
  • Minimum Deposit: $50
  • Regulated : Cysec
  • Platforms: Metatrader 4, Metatrader 5, Ctrader
  • Minimum lot size: 0.01 lot
  • Spread Type: Floating
  • Maximum Leverage: 1:500
  • Head Office: St. Vincent and the Grenadines

PROS –

  • Low spread pricing
  • 3 different platforms and flexible pricing
  • Free Forex demo available

CONS –

  • Just 28 currency pairs
  • Limited deposit options
  • Lost UK FCA coverage in 2017

4. Exness

Exness is a Cyprus-based forex broker that also has an office in Seychelles. Given the divided nature of the company, clients from any part of the world can enjoy tailor-made investment and financial solutions from the comfort of their homes.
  • Minimum Deposit: $1
  • Regulated : CySEC, FSCA, FCA
  • Platforms: Metatrader 4, Metatrader 5
  • Minimum lot size: 0.01 lot
  • Spread Type: Variable
  • Maximum Leverage: 1:2000
  • Head Office: Cyprus

5. RoboForex

RoboForex is an online forex broker based in Belize that offers good trading conditions to the trading needs of companies and individuals from all over the world. The ECN professional trading account, also offers Islamic accounts without swaps and the Cent trading account that the broker offers on its platforms are extremely popular with users.
  • Minimum Deposit: $10
  • Regulated : IFSC (Belize)
  • Platforms: Metatrader 4, Metatrader 5, Webtrader, Mobile Trader, Ctrader
  • Minimum lot size: 0.01 lot
  • Spread Type: Foating
  • Maximum Leverage: 1: 2000
  • Head Office: Belize

PROS –

  • 12,000+ markets to trade on.
  • Can trade on MT4, MT5 and cTrader.
  • RoboForex Analytics app
  • Educational videos.
  • 24/7 customer support

CONS –

  • Offshore regulation.

6. FXTM

This Cyprus-based forex trading company came into existence in 2011. Today, FXTM has emerged as one of the best and fastest-growing brokers in the world. Within a short period, FXTM has managed to expand within Europe and has established its footprints in Asia and Africa regions.
  • Minimum Deposit: $10
  • Regulated : CySEC, FSB, IFSC
  • Platforms: Metatrader 4, Metatrader 5,
  • Minimum lot size: 0.01 lot
  • Spread Type: Floating
  • Maximum Leverage: 1:1000
  • Head Office: Cyprus