Best Forex Brokers in Dubai 2024

Dubai is a hot spot for business and finance, and that includes the Forex market. If you're looking to get into the Forex market, or if you're simply curious about what Dubai has to offer in terms of Forex brokers, then this is the blog post for you! In this article, we will discuss everything you need to know about finding the best Forex broker in Dubai. We'll talk about what to look for in a broker, what are some of the best brokers in Dubai, and how to choose the right one for your needs.

But here is our list of the Top 5 Best Forex Brokers for Dubai.

Choosing a Reliable Broker In Dubai

Now that you know a little bit more about Dubai and the Forex market, let's talk about finding the right broker. When you're looking for a Forex broker, there are a few things you'll want to keep in mind. First and foremost, you'll want to make sure that the broker is regulated by the Dubai Financial Services Authority (DFSA). This regulatory body ensures that all financial service providers in Dubai are following best practices and are operating legally. You can check if a broker is regulated by the DFSA by searching for them on the DFSA website or by asking them directly.

In addition to making sure your broker is regulated, you'll also want to consider their fees, account minimums, and spreads. Some brokers will charge higher fees than others, so it's important to compare and find the best deal. You'll also want to make sure that the broker offers a good selection of currency pairs and that their spreads are competitive. Finally, you'll want to consider the account minimums required by each broker. Some brokers will require higher minimum deposits than others, so be sure to choose one that fits your budget.

Once you've considered all of these factors, you should have a good idea of which Forex broker is right for you. 

Best Forex Brokers in Dubai

There are many different types of Forex brokers available in Dubai. Some specialize in specific currency pairs, while others offer a more general service. It is important to choose a broker that suits your individual needs and requirements.

Best Forex Brokers in Dubai

To pick out the top 5 Forex Brokers in Dubai, we have considered the following factors:

  • The reputation of the broker.
  • Trading Platforms
  • The leverage offered by the broker.
  • The range of currency pairs offered by the broker.
  • The customer service and support offered by the broker.

After analysing all the above factors we have selected the following 5 Forex Brokers for Dubai traders:

  • XTB - Great research and educational tools
  • Pepperstone - Good copy trading functions
  • Swissquote - Offers banking services and stable platform
  • Axi - Competitive spreads
  • AvaTrade - Good beginner broker


The company's headquarters are at Warsaw, Poland. The company was founded in 2005. the broker has offices across 13 countries, including Poland, the UK, Poland, Germany, France, UAE and Chile.


image credit: XTB

XTB Regulations

XTB can be licensed in multiple ways throughout the globe.

United Kingdom: The Forex broker is controlled under the supervision of the UK Financial Conduct Authority.

Dubai: XTB MENA Limited is licensed by DFSA (Dubai Financial Services Authority)

EU: XTB Limited is authorized and controlled under the Cyprus Securities and Exchange Commission (CySEC).

Non-EU/UK: XTB International Limited is authorized and controlled under the International Financial Services Commission in Belize.

In addition, XTB as a group is also controlled by authorities, including authorities like the KNF, IFSC, CMB and FSCA.

XTB Trading Platforms

Trading Platform: xStation (Web Based, Desktop, Android, iOS, Tablet)

There is a variety of tools to analyze technical data that are available via the website. There are 27 drawing tools and 37 indicators for technical analysis.

XTB Products

They provide the 1849 CFDs on stocks as well as 138 ETFs, 23 commodities, 36 indexes, 5 cryptocurrency and 57 forex pairs.

If you want also into CFD trading, you may want to to read our Best CFD Brokers in Dubai 2024

Cost of XTB

The average spread on EUR/USD were 0.91 pip. The the minimum deposit amount is $250.

There are no charges for deposits made via the bank transfer system, credit cards or debit cards.

For Dubai residents, they charge 2% for Skrill and one percent for Neteller deposits.

XTB Limited Dubai doesn't charge any withdrawal fees in the case of a withdrawal amount that is more than $60.

Demo accounts are available for a duration of only one day. Therefore, if you wish, to try several demo accounts to try out their system. Forex trading accounts do not charge commissions.

XTB Customer Support

Customer support is accessible all hours of the day. If you have any questions contact them via chat. You can also get support by email and phone call. We have tried their live chat support and found it very helpful.

Read Full Review of XTB

Pros and Cons of XTB


- XTB xStation platform suite offers an excellent user experience, as well as numerous tools and features for trading.

- XTB provides low spreads

- XTB offers a broad selection of educational videos.

- XTB U.K. recently launched Zero-dollar-commissions for CFDs in shares.


- MetaTrader 4 isn't being promoted by offices of the XTB's U.K, Poland, and Cyprus branches

- The investment basket with a custom design tool was removed temporarily of the xStation 5 platform

If you want to give it a try with XTB, you can use the link  below:


Pepperstone is a broker in the forex market that is based in Melbourne, Australia. It was established in 2010. Initially, they managed their business from Australia. Later on, they expanded their operations to Dubai and other countries.

Pepperstone logo

image credit: Pepperstone

Pepperstone Regulations

Pepperstone is a multi licensed forex broker. The broker is regulated by the following authorities.

United Kingdom: Pepperstone is licensed and regulated by the Financial Conduct Authority (FCA) in the UK.

Australia: The broker is regulated by  the Australian Securities and Investments Commission (ASIC) in Australia  

Dubai: Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).

Pepperstone is also regulated by BaFin, CMA, CySEC, and SCB.

Pepperstone Trading Platforms

Pepperstone offers MetaTrader 4 and 5 and cTrader for Forex trading in Dubai. MT4 and MT5 have industry standard features that other brokers provide.

cTrader of Pepperstone provides the environment of institutional trading. cTrader is the perfect platform for those who are starting their trading journey. It also allows filling orders with advanced cTrader features.

Pepperstone also have Social trading facility through myfxbook and DupliTrade.

Pepperstone Products

Pepperstone offers 60+ currency pairs with low spreads, 24+ CFD Cryptocurrencies, Stock CFDs from AU, US, UK and German shares, ETF CFDs, Index CFDs, and Commodities.

Pepperstone provides two types of accounts for Dubai traders. 1. Razor Account 2. Standard Account. The broker offers 1:500 leverage for Forex trading.

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Cost of Pepperstone

Pepperstone's initial minimum deposit is $200. Minimum withdrawal amount is $20. There is no deposit and withdrawal fee except bank transfer.

Standard Account doesn't have any commission but spreads are high. One the hand, Razor account spreads start from zero pip and commission is $7 for a standard lot.

Pepperstone Customer Support

Pepperstone is available to contact 24/7 using several methods, including telephone, e-mail & direct live chat. In live chat, first you will encounter a bot. If the bot is not able to answer your questions, you will get options to talk to a live agent.

Read Full Review of Pepperstone

Pros and Cons of Pepperstone


- Access to more than 60 forex pairs.

- Leverage is available to both cryptocurrency and forex trading

- A wide range of educational tools and courses that both novices and professionals can benefit from.

- 24/7 customer service


- It is not currently available in the U.S. U.S. traders

- There is no option to buy bonds, stocks or mutual funds in person and only CFDs are offered.

If you want to give it a try with Pepperstone, you can use the link  below:


Swissquote is a reputable broker that provides online trading. It is also licensed by Dubai Financial Services Authority (DFSA) and provide a range of different types of accounts to meet your requirements.

Swissquote logo

image credit: Swissquote

Swissquote Regulations

Swissquote is regulated by different regulators around the globe.

Switzerland: Swissquote Limited is licensed and is regulated by the Swiss Federal Financial Market Supervisory Authority (FINMA).

United Kingdom: Swissquote Ltd is licensed and monitored under the supervision of the Financial Conduct Authority (FCA).

Singapore: Swissquote Limited (SG) is regulated and authorized by the Monetary Authority of Singapore (MAS).

UAE: Swissquote MEA Ltd has a category 3A license obtained from Dubai Financial Services Authority (DFSA).

Asia: Swissquote Asia Ltd is licensed by the Securities and Futures Commission (SFC) in Hong Kong.

Malta: Swissquote Financial Services (Malta) Ltd is licensed by the Malta Financial Services Authority (MFSA).

Swissquote Trading Platforms

Swissquote FX offers its clients three trading platforms. They include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and their own platform called"the Advanced Trader plus FIX API.

Other instruments aside from Forex, Swissquote offers 'eTrading platform'. The eTrading platform has been developed to assist you in achieving your investment goals with the simplest and simple way.

Additionally, they have their own mobile app that is available for both Android and iOS together with Mobile Level 3 app. Utilizing Mobile Level 3, you can make trading more efficient. Through the Mobile Level 3 solution, you can trade at any time even if it's not your Level 3 Card.

Swissquote Products

Swissquote provides Forex, Stocks, Bonds, Forex Options, CFDs, Swiss Dot, Cryptocurrencies, Options and Futures, ETFs and much more.

We'll look over a few the details of their products. Swissquote provides 130+ Forex pairs. They also offer stocks shares from the most renowned market places around the world. They offer 9,000 ETFs. They also provide 26 Cryptos which include Bitcoin, Ethereum Litecoin, Ripple and many more. Swiss Dot is traded in the OTC market. There are over 90,000 derivatives within the Swiss Dot universe.

For trading forex in Singapore They offer 1:100 leverage.

Swissquote offers three types of trading accounts. 1. Standard account 2. Premium account 3. Prime account.

Cost of Swissquote

The minimum amount of deposit for Swissquote to Singapore can be as high as $1000. Their spreads begin from 1.4 pip and don't include commissions.

Swissquote Customer Support

Swissquote offers customer support that is available 24/7 of the day and between 8.00 am to 6.00 pm, from Monday through Friday. Customers can contact their customer service representatives through live chat by fax, email, or by phone. Their knowledgeable and helpful support team can quickly respond to your concerns in several languages.

Read Full Review of Swissquote

Pros and Cons of Swissquote


- It is regulated and licensed through FINMA as well as FCA.

- Swissquote is listed on the SIX exchange.

- High degree of protection for your account.

- Support for customers who are responsive.

- Low-cost fund with no fees

- No charge for inactivity

- Low minimum deposit required for trading accounts.


- US traders aren't allowed

- There are currently no Islamic accounts are available at the moment.

- ETF and high stock fees

- High bond charges

- Accounts with robo-advisor and Forex have a high minimum deposit

If you want to trade with Swissquote, open account by using the following link:


It was established in 2007 Axi is a well-known and trusted broker, with its head office within Sydney, Australia. Axi is an official brand that is owned by AxiCorp Financial Services Pty Ltd (AxiCorp). The company quickly earned its name and gained a worldwide presence. Axi began its mission in Dubai under the supervision of the Dubai Financial Services Authority (DFSA).


image credit: Axi

Axi Regulations

Axi has been licensed as well as monitored by various reputable regulatory bodies all over the world.

Australia: AxiCorp is authorised and monitored through ASIC. Australian Securities & Investments Commission (ASIC)

Dubai: AxiCorp Financial Services Pty Ltd (DIFC Branch) is controlled through Dubai Financial Services Authority (DFSA). 

United Kingdom: AxiCorp (Axi UK) is licensed and regulated under the supervision of the Financial Conduct Authority (FCA).

Vincent and the Grenadines: Axitrader (Owned by AxiCorp) is registered with the Financial Services Authority.

Axi Trading Platforms

Axi is an MetaTrader broker. Axi offers added the MT4 Next Gen add-on. MT4 is a well-known trading platform for forex that is widely used by Forex traders in the retail sector. It comes with a unique feature that allows traders to work with a variety of options. Furthermore, there are numerous functions that are integrated for traders to create the EA they want to use.

Axi also provides MetaTrader 4 online trading platform that lets you trade on any device without installing any software. Android and IOS versions of the MT4 application are available to download via the Play store and app store for Axi.

Axi Products

Axi is a MetaTrader-broker who allows traders to trade hundreds of currency pairs, 50+ CFDs on stocks as well as index CFDs with 30+ and 14+ Commodities including oil, metal, as well as 11CFD cryptocurrency.

Axi offers four kinds of accounts for the Dubai traders. Standard Account, Pro Account, Elite Account and Demo Account. They provide 1:400 leverage to Dubai.

Best Forex Brokers in Dubai 2024

Cost of Axi

Axi doesn't charge any commissions to pay for Standard accounts. The Pro account the commission will be $7 for standard lots, and $3.5 in the Elite Account.

In the case of Standard and Pro accounts they do not have a minimum deposit, however, in the case of Elite Account minimum deposit is $25,000.

Axi Customer Support

The customer support of Axit Dubai is available 24 all hours of the day, from between Monday and Friday. Traders can reach them for free from specific countries using certain phone numbers that are listed through their site.

Traders can utilize the live chat feature to receive instant assistance. The international number. and email address are as follows.

Phone for UAE: +971 4 422 2888


Read Full Review of Axi

Pros and Cons of Axi


- Premium MT4 NextGen add-on package

- Low trading fees, no account closure fee

- There are no deposit or withdrawal charges

- There is no minimum deposit requirements in the case of Standard and Pro account


- Doesn't provide MT5 trading platform

- Customer Support is not available on weekends

If you want to trade with Axi, do so by clicking the following link:


AvaTrade was established in 2006. Avatrade has become an important participant in the online financial sector, with a demonstrated track record of delivering 100% customer satisfaction.

AvaTrade logo

image credit: AvaTrade

AvaTrade Regulations

AvaTrade is licensed as well as monitored by various regulatory bodies around the globe.

Ireland and Cyprus: Avatrade is regulated by the Central Bank of Ireland and Cyprus Securities and Exchange Commission in Europe.

Poland: AvaTrade is regulated by the Polish Financial Supervision Authority.

Australia: AvaTrade is regulated by ASIC in Australia.

Global: AvaTrade is supervised by British Virgin Islands Financial Services Commission for its global operations.

Japan: AvaTrade is regulated by the Financial Services Agency and Financial Futures Association of Japan in Japan.

Middle East: AvaTrade is subject to the supervision of Financial Regulatory Services Authority (FRSA) for the Middle East

Israel: AvaTrade is regulated by the Israel Securities Authority in Israel.

Avatrade Trading Platforms

The broker has a range of trading platforms for manual trades that include a well-known MetaTrader 4. MetaTrader 5. WebTrader, AvaOptions for trading options and AvaTradeGo to trade on mobile devices.

Automated trading is supported by DulpiTrade as well as ZuluTrade.

Avatrade Products

They provide an array of 55 Forex pairs, options on 55 Forex pairs, 14 cryptocurrencies, CFDs of major corporations around across the globe ETF, Bonds, Indices and Commodities. The spreads offered by brokers start at zero, and leverage can be as high as 1:400.

Costs of Avatrade

AvaTrade doesn't charge fees or charges on transactions or trades. They earn profits through swaps and spreads derived in the trading itself. The minimum amount to deposit is 100 dollars of the base currency.

When withdrawing funds from Credit cards or

, the minimum amount is one base currency for the account. When making a bank transfer withdrawal, the minimum amount is 100 base currency.

Avatrade Customer Support

The broker offers live chat support via chat bots and live agents. They also offer WhatsApp support and phone support available 24 hours a day. We've checked the live chat feature. They are extremely prompt in responding.

Read Full Review of AvaTrade

Pros and Cons of AvaTrade


- Multi-platform trading platform including the prize-winning AvaTradeGO application.

- AvaTrade is a partner with EAs

- They also have a competitive spreads and leverage

- The client's money is stored in separate accounts to ensure more security.

- AvaTrade is regulated in Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.

- Support for customers is extremely quick to respond.


- AvaTrade does not provide services in Belgium, Brazil, Democratic People's Republic of Korea (DPRK), New Zealand, Turkey, USA.

- Support via phone is not available 24/7 seven days a week.

If you want to trade with AvaTrade, you can use the link  below:


In order to make the best decision for your needs, it’s important to research and compare a few different brokers. We’ve listed some of the top forex brokers in Dubai, but there are many more to choose from. Make sure you read reviews and compare features before making your final decision. Let us know which broker you decide on and how you like it in the comments below.

Best Forex Brokers in Dubai 2024


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