Best Forex Brokers in Dubai 2022

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.

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 top 5 Forex broker 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:

  • AvaTrade
  • Pepperstone
  • Swissquote
  • AxiTrader
  • XTB


The company has its headquarters in Warsaw, Poland. Established back in 2005, this broker has offices in 13 countries, such as the UK, Poland, Germany, France, UAE and Chile.


image credit: XTB

XTB Regulations

XTB is multi licensed around the world.

United Kingdom:  The Forex broker is regulated by the UK Financial Conduct Authority (FRN 522157).

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

EU: XTB Limited is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12

Non EU/UK: XTB International Limited is authorised and regulated by the International Financial Services Commission in Belize. (IFSC License No.: 000302/185).

Other than that, XTB as a group is also regulated by the authorities including the KNF, IFSC, CMB and FSCA. 

XTB Trading Platforms

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

There are a myriad of tools for analysis of technical data available on the platform. You can find 27 drawing tools as well as 37 technical indicators.

XTB Products

They offer 1849 CFDs on stocks, 138 ETFs, 23 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs.

Cost of XTB

The average spreads on the EUR/USD stood at 0.91 pip and minimum deposit is $250.

There are no fees for depositing through bank transfer, credit card and debit cards.

For the Dubai Residents they charge a 2% fee for Skrill and 1% for Neteller deposit.

XTB Limited Dubai doesn't charge any fees for withdrawal if the amount is above $60.

Demo account is for a limited time. So if you want you can try multiple demo accounts to test their platform. For forex trading, they have no commission.

XTB Customer Support

Support for customers is available 24 hours a day and If you have any queries, you can reach them through the chat. The platform is brimming with tools for fundamental and technical analysis as well as educational resources.

If you are interested in this broker, you can create an account using the link that is in the below.

Read Full Review of XTB

Pros and Cons of XTB


- XTB xStation platform suite offers excellent functionality, along with a broad selection of features and tools for trading.

- XTB offers low spreads

- XTB provides a wide selection of comprehensive educational videos as well as written content. It also offers more than 200 lessons through their Trading Academy.

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


- MetaTrader 4 is not being promoted by the XTB's U.K, Poland, and Cyprus branches, though it is still available to request through the various locations around the world XTB offices.

- The custom investment basket tool was temporarily removed from 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.

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 reliable broker that offers online trading. They are also regulated by the Dubai Financial Services Authority (DFSA) and offer a variety of different account types to suit your needs.

Swissquote logo

image credit: Swissquote

Based located in Gland, Switzerland, Swissquote has offices in Zurich, Bern, London, Luxembourg, Malta, Dubai, Hong Kong and Singapore and serves individuals and institutions by providing online global custody and securities trading across more than 3 million instruments including Forex, an ingenuous Robo-Advisory services and custodial solutions.

Swissquote Regulations

Swissquote is regulated by various regulatory authorities around the world.

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

United Kingdom: Swissquote Ltd is authorised and regulated by the Financial Conduct Authority (FCA).

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

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

Asia: Swissquote Asia Ltd is licensed under 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 are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and their own platform named the Advanced Trader plus FIX API.

For other instruments except Forex, Swissquote offers 'eTrading platform'. The eTrading platform has been designed to help you reach your goals for investment in the most easy and easy-to-use manner.

They also have their proprietary mobile app for both android and iOS along with Mobile Level 3 app. By using Mobile Level 3, you can make trades even more efficient. With this Mobile Level 3 solution, you can trade anytime, even if it's not your Card Level 3 Card.

Swissquote Products

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

Let's check a few of their product details. Swissquote offers 130+ Forex pairs. For stocks, they offer shares from all the prominent stock markets of the world. They provide 9,000 ETFs and ETNs from the most reputable financial institutions and investment banks. They also offer 26 Cryptos including Bitcoin, Ethereum Litecoin, Ripple and more. Swiss Dot is traded in the OTC market. There are more than 90,000 derivatives in the Swiss Dot universe. 

For forex trading in Singapore, they offer 1:100 leverage. 

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

Cost of Swissquote

The minimum deposit of Swissquote for Singapore is $1000. Their spreads start from 1.4 pips and do not have any commission.

Customer Support

Swissquote provides customer support service which is accessible all hours of the day, from 8.00 am until 6.00 pm, Monday through Friday. You can reach their customer service representatives via the live chat feature, via fax, or phone, their skilled and courteous support staff will promptly provide solutions to your queries in a variety of languages such as English, German, French as well as other major languages.

Read Full Review of Swissquote

Pros and Cons of Swissquote


- It is Regulated and licensed by FINMA and FCA.

- Swissquote is listed on SIX stock exchange.

- High level of account protection.

 - Responsive customer support.

 - It has low fund fees

- There is  no inactivity fee

- There is no minimum deposit for trading account


- US traders not allowed

- No Islamic accounts available currently

- High stock and ETF fees

- High bond fees

- Forex and robo-advisor accounts have high minimum deposit

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


Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. Axi is a brand name of AxiCorp Financial Services Pty Ltd (AxiCorp). It quickly made a name for itself and gained an international presence. In 2916, Axi started its journey in Dubai under the Dubai Financial Services Authority (DFSA).

Axi 2020 new logo - AtoZ Markets

image credit: Axi

Axi Regulations

Axi is licensed and regulated by different reputable regulatory authorities around the world.

Australia: AxiCorp is authorised and regulated by the Australian Securities & Investments Commission (ASIC)

Dubai: AxiCorp Financial Services Pty Ltd (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA).

United Kingdom: AxiCorp (Axi UK) is authorised and regulated by the Financial Conduct Authority (FCA).

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

Axi Trading Platforms

Axi is a MetaTrader broker. Axi has the MT4 Next Gen add-on. MT4 is a widely accepted forex trading platform that is used by most of the retail forex traders. It has a unique feature that helps the trader to operate with flexibility. Moreover, there are many integrated features for the traders to build their own EA’s.

Axi also offers MetaTrader 4 web trading platform where you can trade in any browser without downloading any software. Android & IOS of the MT4 app are available for download from the Play store & app store respectively for Axi. 

Axi Products

Axi is a MetaTrader-broker that offers to trade with 140+ currency pairs and 50+ CFDs on Stocks, 30+ index CFDs, 14+ Commodities including oil, and metal,  and 11+ CFD cryptocurrencies.

Axi offers 4 types of accounts to its Dubai traders. Standard Account, Pro Account, Elite Account and Demo Account. They offer 1:400 leverage for Dubai.

Cost of Axi 

Axi doesn't have any commission for Standard accounts. In Pro account commission is $7 per standard lot and $3.5 in Elite Account. 

For Standard and Pro accounts they don't have any minimum deposit but for Elite Account minimum deposit is $25,000.

Axi Customer Support

The customer service of Axit Dubai is available 24 hours a day, Monday to Friday. Traders can call them free from certain countries with some specific phone numbers available on their website. 

Traders can use the live chat option to get any instant support. The international phone no. and email address is as follows.

Phone for UAE: +971 4 422 2888

Email: [email protected]

Read Full Review of Axi

Pros and Cons of Axi


- Premium MT4 NextGen add-on package

- Low trading fees and no inactivity or account closure fee

- No deposit and withdrawal fees

- No minimum deposit requirement for Standard and Pro account


- Doesn't provides MT5 trading platform 

- Customer Support only on weekdays

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


AvaTrade was founded in 2006. Avatrade has established itself as a major player in the online financial field, with a proven track record of positive customer satisfaction.

Avatrade logo

image credit: AvaTrade

AvaTrade Regulations

AvaTrade is licensed and regulated by various regulatory authorities around the world.

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 regulated by British Virgin Islands Financial Services Commission for global operation.

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

Middle East: AvaTrade is regulated by Financial Regulatory Services Authority (FRSA) for Middle East

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

Avatrade Trading Platforms

The broker offers a selection of manual trading platforms – a well known MetaTrader 4 and MetaTrader 5, WebTrader, AvaOptions for options trading, and AvaTradeGo for mobile trading.

For automated trading they support DulpiTrade and ZuluTrade.

Avatrade Products

They offer 55 Forex pairs, Options on 55 Forex pairs, 14 Cryptocurrencies, CFDs on Stocks of major companies in the world, ETF, Bonds, Indices and Commodities. The broker spreads start from zero and leverage is up to 1:400.

Costs of Avatrade

AvaTrade does not have any charges or fees on trading or transactions. They generate profits by spreads and swaps from the trade itself.

The minimum deposit is 100 of your base currency.

When withdrawing to Credit cards or E-wallets the minimum amount is 1 base currency of the account, when withdrawing via bank transfer the minimum amount is 100 base currency.

Avatrade Customer Support

The broker gives live chat support with chat bot and live agent. They also have WhatsApp support and phone call support 24/5. I have checked their live chat. They are very quick to respond.

Read Full Review of AvaTrade

Pros and Cons of AvaTrade


- A wide range of instruments are available, including Cryptocurrencies, Stocks, Commodities.

- Multi-platform trading platform, including the award-winning AvaTradeGO application.

- AvaTrade supports EAs

- They have competitive spread and leverage 

- The client's funds are kept in separate accounts for greater security.

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

- Customer support is highly responsive.


- AvaTrade does not offer service for Belgium, Brazil, Democratic People's Republic of Korea (DPRK), New Zealand, Turkey, USA.

- Support via phones is not accessible 24 hours a day, 7 days a week.

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

Trade Forex with AvaTrade


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!