We found 11 online brokers that are appropriate for Trading Saudi Arabia.
Saudi Arabia brokers can guide you on how to invest in many investments in Saudi Arabia including the Saudi Stock Exchange, also known as Tadawul. If you are looking to step into the Saudi Arabia financial markets for stocks, forex, CFD, commodity or cryptocurrency trading we have written and indepth guide below.
Based in the capital city Riyadh, the Saudi Stock Exchange is the largest and primary stock market in the Middle East.
There are not many Saudi Arabia brokers and so it is suggested to find one popular regulated one from outside the country. It will be equally good to trade Forex or contracts for difference in the Saudi Arabia Exchange. Though be sure to educate your self and know what you are doing.
It is better to have Saudi Arabian brokers who are regulated by the SAMA as they are required to maintain a good reputation in the country and with the Saudi central bank.
More to this, if you are striking a deal with foreign brokers instead of Saudi Arabia brokers, ensure that they are in keeping your money safe from creditors in a separate account.
We also suggest whatever broker you choose in Saudi Arabia, register with multiple brokers that can offer you a demo account with which you can test the market using virtual money so that you give yourself a chance to learn the differing platforms and find a fit.
Saudi Arabia has a market capitalization of $541.3 billion and its stock exchange offers an investment of mutual funds, real estate investment, exchange trade funds, bonds and stocks.
Saudi Arabian Monetary Authority issues and manages Saudi Arabia currency Riyal, which has 100 smaller denominations.
Capital Market Authority of Saudi Arabia is the primary regulator in the country that also oversees the Saudi Stock Exchange. However, the financial, insurance and banking sectors are regulated by SAMA.
The Saudi Arabia economy is based on oil production and recently the Kingdom has initiated a Vision 2030 campaign to shift it away to some other sectors including tourism. So, some of the advantages for foreign traders are as below:
Apart from all the above, then Saudi Arabian currency the Riyal features good stability against the United States dollar and this attracts more USD-based foreign traders.
Even if you are trading under the guidance of one of the best Saudi Arabia brokers, it is a fact that regional tensions play a good role in challenging foreign traders.
The ongoing trade war of the United States with China is impacting Saudi Arabia's economy greatly as oil demand is declining continuously. More to this, the US has become self-sufficient in energy needs and slow Chinese economic growth has slashed down oil demand.
It is also essential to know that the World Bank has ranked the Kingdom at 141 and 168 in terms of starting a business and obtaining credit respectively. Ease of doing business and resolving insolvencies require some local expert knowledge.
Overall, trading is challenging in the Kingdom irrespective of whether you strike a deal with Saudi Arabia brokers or foreign brokers. World Bank has ranked it poor in ease of doing business, but the Vision 2030 campaign may attract investors as the economy is being shifted from oil to other sectors.
Saudi Arabia has been a global financial center in the Middle East for hundreds of years.
Saudi Arabia also known as SAU or Abu Rasasa has a number of established reputable financial markets.
The main securities markets in Saudi Arabia include the Saudi Stock Exchange (Tadawul) deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.
Restructuring and deregulation has transformed the financial sector in Saudi Arabia over the last 10 years with important changes in the Saudi Stock Exchange (Tadawul), insurance, banking, shipping, and commodity markets.
The Saudi Arabian Monetary Authority (SAMA; Arabic: مؤسسة النقد العربي السعودي) is responsible for issuing monetary policy in Saudi Arabia.
We've collected thousands of datapoints and written a guide to help you find the best Saudi Arabia Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best saudi arabia brokers below.
When trading in Saudi Arabia you will need to know what your options with your Saudi Arabia trading broker are.
We list below the trading account types available in Saudi Arabia. If you are looking for brokers in Saudi Arabia that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Saudi Arabia broker guide will explain the things you should check and be aware of before you invest.
Forex trading is growing in popularity in Saudi Arabia. The volume of Forex traded in Saudi Arabia has increased year on year over the last five years.
Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.
Advances in online technology, higher internet coverage in Saudi Arabia and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.
Their is a misconception that trading Forex on the financial market in Saudi Arabia is considered unsafe. This is not the case, Forex trading in Saudi Arabia is very active.
Trading in Forex is allowed in Saudi Arabia as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Saudi Arabia Forex trading is not banned, their are many international online brokers offering favourable trading conditions.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Saudi Arabia the trader should make sure all taxes owed for a financial year are paid. Saudi Arabia taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Saudi Arabia. You should seek advice with a Saudi Arabia tax professional to ensure they are abiding by all proper tax laws in Saudi Arabia. In Saudi Arabia Islamic accounts do not have additional restrictions on trades.
Cryptocurrency markets in Saudi Arabia are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Saudi Arabia things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Saudi Arabia for example.
Due to a large young population in Saudi Arabia with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Saudi Arabia. $6 billion USD worth of Bitcoin is traded daily around the world.
In Saudi Arabia commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Saudi Arabia since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Saudi Arabia are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Saudi Arabia here.
Saudi Arabia brokers support Islamic accounts or swap-free accounts. Saudi Arabia Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Saudi Arabia offer accounts that are suitable for Islamic traders. These Saudi Arabia brokers complies with Sharia law.
Saudi Arabia economy and population is growing. The middle class population in Saudi Arabia is increasing which means a growing consumer base. Many business and financial opportunities exist in Saudi Arabia. Saudi Arabia has a young population educated in technology and the internet.
Saudi Arabia digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Saudi Arabia guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Saudi Arabia Brokers offering high leverage trades in Saudi Arabia can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Saudi Arabia brokers offer as a level of protection. you can learn more about further below on this guide.
There are a number of important factors to consider when picking an online Saudi Arabia trading brokerage.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Saudi Arabia broker if you wish your broker to be 100% local check they are governed and regulated by the below.
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 Saudi Arabia Brokers (SA).
Compare Saudi Arabia Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are saudi arabia brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more saudi arabia brokers that accept saudi arabia clients
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IC Markets
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Roboforex
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AvaTrade
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XTB
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XM
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Pepperstone
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FP Markets
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Trading212
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NordFX
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Plus500
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EasyMarkets
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locality | IC Markets accept Saudi Arabia clients | Roboforex accept Saudi Arabia clients | AvaTrade accept Saudi Arabia clients | XTB accept Saudi Arabia clients | XM accept Saudi Arabia clients | Pepperstone accept Saudi Arabia clients | FP Markets accept Saudi Arabia clients | Trading 212 accept Saudi Arabia clients | NordFX accept Saudi Arabia clients | Plus500 accept Saudi Arabia clients | easyMarkets accept Saudi Arabia clients |
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | 200 | 1 | 100 | No minimum deposit | 5 | 200 | 100 | 1 | 1 | 100 | 100 |
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Used By | 180,000+ | 10,000+ | 300,000+ | 250,000+ | 3,500,000+ | 89,000+ | 10,000+ | 15,000,000+ | 10,000+ | 15,500+ | 142,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with avatrade |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with fpmarkets |
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Up with trading212 |
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Up with nordfx |
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Up with plus500 |
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Up with easymarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 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. | Losses can exceed deposits | 74% 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. | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
NordFX Demo |
Plus500 Demo |
easyMarkets Demo |
Excluded Countries | 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, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | US, CA, EU, RU, SY, KP, CU | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE |
You can compare Saudi Arabia Brokers 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 Saudi Arabia Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Saudi arabia brokers below.