We found 11 online brokers that are appropriate for Trading Dubai Forex Investment Platforms.
Unlike many other countries, the UAE does not collect any tax from online trading in the monetary market. As a result, the advantages of foreign exchange trading in Dubai are numerous. Despite the numerous number of advantages, many traders are still skeptical of the Forex market due to its reputation for being risky. In actual fact, most of the times the losses that Forex traders experience are a result of their high leverage, rather than the nature of the Forex market itself. Therefore, making profits from trading in the Forex market is still very viable.
The Forex market has a daily turnover of more than five trillion dollars and is the biggest monetary market in the world. The Forex market also operates strictly online, where exchange of currency takes place digitally. When you trade in the Forex market, decisions to exchange currency pairs are mostly made based on speculation. Also, every transaction needs to pass through intermediaries known as dealers or brokers. Currencies that can be traded in pairs include the USD/AUD, EUR/USD, EUR/JPY, and more.
Trading in the Forex can be confusing for beginner traders with no experience. The exchange rate of a currency pair is usually an observation of a country's economy to the other.
Trading in the Forex market in Dubai is a different experience from other countries such as London or Malaysia. These countries possess specific monetary markets such as the London Stock Exchange and the Bursa Malaysia. In Dubai, the Forex market does not have such specific headquarters.
Also, the Forex market does not possess a central exchange. In fact, the Forex market is an interbank or OTC market, implying that every trade is carried out electronically in a group of banks. Similarly to conditions across the world, the Forex market in Dubai also operates 5 days a week.
When talking about trading volume, the Forex market or currency market is the biggest monetary market globally and a world regional market place. The Forex market does not determine the relative worth of various currencies but decides the current market rate of the worth of a currency through another. Statistics show that an evaluated 5.3 trillion dollars worth of currencies change from hand to hand daily. Unlike several monetary markets, the over-the-counter Forex market possesses no physical office or location or a central exchange and twenty-four hours trade per day via a worldwide group of businesses, such as individuals or banks.
The most commonly known type of Forex trading available in Dubai is spot trading. Spot trading simply means purchasing one currency by making use of another currency. During spot trading, the trader buys a certain currency at its buy rate from the broker, and sells another currency at its selling rate.
Usually, the buy price is relatively more than the selling price. The difference between the sell and buy price is known as the spread. This is the transaction fee paid by the trader to the broker or market maker.
If you are based in Dubai, you can trade CFDs and in the Forex market with Accuindex. For every customer who registers an account, you will be able to make use of a free swap platform, commission, leverage facilities of about 1:400, and tightened spread.
Despite the Forex market's reputations for being a risky trade, as long as traders familiarise themselves with the market platforms and the trading strategies, Forex trading in Dubai is very lucrative. Dubai's high leverages and tightened spread, as well as the lack of tax payment, enables traders to make higher profits as compared to their counterparts around the world. Therefore, as long as traders in Dubai looking to deal in the Forex market does sufficient research on the market, making profits should not be a Herculean feat!
We've collected thousands of datapoints and written a guide to help you find the best Forex Trading in Dubai for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Dubai Forex Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Dubai Forex Investment Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Dubai Forex Investment Platforms.
Compare Dubai Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Dubai Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Dubai Forex Investment Platforms that accept Dubai Forex Investment Platforms clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 200 | 100 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY |
You can compare Dubai Forex Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Dubai Forex Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Dubai Forex Investment Platforms below.