Best Forex Brokers UAE & Dubai 2021

If you’re based in the UAE and wish to trade currencies online – you’ll need to open an account with a suitable online broker. The best platforms in this industry offer dozens of forex markets, low fees and commissions, and plenty of trading tools and features.

In this guide, we review the best Best Forex Brokers in UAE & Dubai for 2021.

Best Forex Brokers UAE & Dubai 2021 List

Below you will find a list of the best forex brokers in UAE & Dubai. You can scroll down to read a review of each forex broker.

  • eToro – Overall Best Forex Broker in UAE & Dubai 2021
  • – Best Forex Broker in UAE & Dubai for Beginners
  • Libertex – Best Forex Broker in UAE & Dubai for Low-Cost Trading
  • VantageFX – Best Forex Broker in UAE & Dubai for High Leverage
  • Avatrade – Best Forex Broker in UAE & Dubai for Technical Analysis
  • Pepperstone – Best Forex Broker in UAE & Dubai for Raw Spread Accounts
  • Skilling – Best Forex Broker in UAE & Dubai for Mobile Trading
  • Interactive Brokers – Best Forex Broker in UAE & Dubai for Seasoned Traders
  • – Best Forex Broker in UAE & Dubai for Automated Trading
  • IG – Best Forex Broker in UAE & Dubai for Asset Diversity and Low Fees

Best Forex Brokers UAE & Dubai 2021 List

In choosing the best forex broker in UAE & Dubai for your needs – you need to do lots of research. For example, you’ll need to ensure the platform is suitable for your skillset and that it offers your preferred currency pairs. You’ll also need to focus on metrics surrounding regulations, commissions, spreads, and trading tools.

To fast-track the process for you – below you will find reviews of the top 10 forex brokers in the world!

1. eToro – Overall Best Forex Broker in UAE & Dubai 2021

etoro logo

After researching over 30+ potential platforms, we found that eToro is by far the best forex broker in UAE & Dubai. In opening an account with this popular broker – which is now used by more than 20 million clients, you will have access to just under 50 forex markets.

This covers major pairs like EUR/USD and GBP/USD as well as less liquid currencies such as the Turkish lira and South African rand. All forex markets on the eToro platform can be traded with super-low fees, not least because the broker offers a spread-only pricing model. This means no commissions and spreads that start from just 1 pip.

etoro review

If you’re completely new to the world of online forex trading, eToro offers a superb solution in the form of its Copy Trading tool. This is a passive investment feature that allows you to ‘copy’ the trades of a successful forex day trading pro. Thereon, any buy or sell positions that the trader places will be reflected in your own account. The minimum investment with the Copy Trading tool is $500 and there are no extra fees charged.

If you’re thinking about diversifying your investment portfolio, eToro is home to a wide range of other asset classes. For example, you can trade commodities like gold, silver, and oil – as well as wheat, natural gas, and sugar. You can also access indices like the FTSE 100 and Dow Jones, and thousands of stocks and ETFs from 17 international. exchanges.

etoro review

If you like the sound of this top-rated brokerage site, you can open an account and deposit funds in less than 10 minutes. The minimum deposit is just $200 for those in the UAE & Dubai – and supported payment methods include Visa, MasterCard, Paypal, Skrill, bank wire, and more. Finally, we should note that eToro is heavily regulated – so you should have no issues with safety. This includes licenses with the FCA and ASIC.

  • Heavily regulated trading platform used by over 20 million people
  • 0% commission on stocks and ETFs
  • Spread-only pricing structure on crypto, indices, forex, and commodities
  • Very easy to use – ideal for beginners
  • The minimum stake starts at $25 per trade
  • Supports debit/credit cards, bank transfers, and e-wallets
  • Copy Trading features promote passive investing


  • Charting analysis tools are a bit basic

67% of retail investors lose money trading CFDs at this site


2. – Best Forex Broker in UAE & Dubai for Beginners reviewIf you’re looking for the best forex broker in UAE & Dubai for beginners – offers a simple and burden-free way to trade currencies online. In order to get started, you simply need to open an account – which should take you no more than a few minutes.

Then, you can use the free demo account facility – which comes pre-loaded with $10,000 in paper trading funds. Once you are comfortable with how the platform works, you might then consider funding your account so that you can trade with real money. The minimum here is just $20 – which is an inconsequential sum to risk as a newbie. reviewIn terms of core features, is home to one of the largest forex trading facilities in this industry. This is because the platform offers more than 130+ forex pairs – covering majors, minors, and heaps of exotics. There are no commissions to pay when buying and selling currencies at – and spreads start from just 0.8 pips.

In addition to currencies, this CFD broker also offers markets on stocks, indices, ETFs, trusts, and commodities. You can also access 100+ cryptocurrency trading markets. is well regulated – with licenses from the FCA and CySEC. The platform also offers a native trading app – which is available on both iOS and Android devices.

  • 0% commission and tight spreads
  • Thousands of markets on offer
  • CFD asset classes include crypto, stocks, forex, and commodities
  • Minimum deposit of just $20
  • Supports debit/credit cards and e-wallets
  • Great for beginners
  • Metatrader 4 supported
  • Leverage available – limits depend on your location


  • You can’t invest in the underlying asset – CFD instruments only

67.7% of retail investor accounts lose money when trading CFDs with this provider


3. Libertex – Best Forex Broker in UAE & Dubai for Low-Cost Trading

libertex reviewLow-cost brokers are essential to forex traders – especially those adopting a scalping or day trading strategy. Libertex is one of the best providers in this respect – as the platform allows you to trade currencies on a ZERO spread basis.

Although you will need to pay a commission every time you enter and exit a position, this starts at just 0.006%. Some markets – such as stocks – even come with a 0% commission rate. Libertex is home to a wide selection of currency pairs – covering major, minor, and exotic markets.

libertex review

In addition to this, you can trade CFDs in the form of equities, commodities, ETFs, indices, and digital currencies. Libertex supports several trading platforms – both online and via a native mobile app. The Libertex web trading platform is the best option for those seeking convenience, albeit, you can also choose from MT4 and MT5.

The minimum deposit to get started at Libertex is just $100. Once you have made your first transaction, the minimum deposit thereon drops to $10. Debit/credit cards, e-wallets, and bank transfers are accepted – all of which are processed fee-free. Libertex has been offering online CFD trading services for over 23 years and it is now used by almost 3 million clients.

  • ZERO spreads on all markets
  • Low trading commissions
  • Mininmum deposit of just $100
  • Supports CFD instruments on stocks, crypto, ETFs, forex, commodities, and more
  • Debit/credit cards and e-wallets accepted
  • Heavily regulated and more than 20+ years in the trading space
  • MT4 and MT5 supported
  • Negatrive balance protection


  • CFD instruments only – no traditional ownership

83% of retail investor accounts lose money when trading CFDs with this provider


4. Vantage FX – Best Forex Broker in UAE & Dubai for High Leverage

vantagefx logo

If you’re specifically on the hunt for the best forex broker in UAE & Dubai for high levels of leverage – Vantage FX is likely to be of interest. This online broker offers leverage of up to 1:500 on major forex pairs – meaning that you can turn a $200 stake into trading capital of $100,000.

You will get a smaller amount of leverage on minor and exotic pairs – albeit, this is still much higher than most other forex brokers in the UAE & Dubai. When it comes to fees, this will depend on the account type that you open. For instance, if you’re planning to trade larger amounts, the ECN account is likely to be the best option – as you will benefit from 0.0 pip spreads on major forex pairs alongside a commission of $3.

vantage fx forex broker

If you’re more of a casual trader that plans to stake smaller amounts, then you will be more suited for the 0% commission account – which comes with slightly wider spreads. Either way, Vantage FX offers plenty of forex markets, as well as shares, commodities, and indices. You can trade via MT4 or MT5, as well as through the Vantage FX web trader and mobile app.

  • ECN broker accounts
  • Trade from 0 pips and a commission of $3 per slide
  • Regulated in various jurisdictions
  • Offers markets on forex, shares, energies, indices, and more
  • Supports MT4 and MT5
  • Leverage of up to 1:500


  • The mobile app isn’t the easiest to use

Your capital is at risk when trading financial instruments at this provider


5. AvaTrade – Best Forex Broker in UAE & Dubai for Technical Analysis

avatrade brokerIf you’re well-versed in the art of chart reading and seek a platform that offers an abundance of technical analysis tools – then AvaTrade is well worth considering. By opening an account – you will have access to several platforms – including both MT4 and MT5.

These third-party providers – alongside the AvaTrade web trading platform, offer everything you need to perform in-depth chart analysis. This includes chart reading tools, indicators, screeners, simulators, market commentary, and more. You will have access to dozens of forex pairs – and irrespective of the platform you decide to trade through, low fees and commissions.

avatrade best forex brokerIn fact, all currency markets at AvaTrade can be traded commission-free, and spreads start from just 0.9 pips. The minimum deposit at this top-rated broker is just $100 – and there are no transaction fees applicable. You can fund your account via a debit/credit card or bank wire. AvaTrade is regulated in size jurisdictions – which includes a license with the Abu Dhabi Global Market Authorities.

  • Regulated in 6 different jurisdictions
  • Supports CFD markets on forex, stocks, cryptocurrencies, and more
  • 0% commission and low spreads
  • Compatible with MT4 and MT5
  • Minimum deposit of just $100
  • Leverage offered on all markets


  • Stock CFD department is limited in comparison to other platforms

71% of retail investor accounts lose money when trading CFDs with this provider


6. Pepperstone – Best Forex Broker in UAE & Dubai for Raw Spread Accounts

Raw Spread accounts are highly sought after by active forex traders – not least because they give you access to the very best rates in the market. At Pepperstone, the Raw Spread (Razor) account allows you to trade directly with other market participants.

As a result, you’ll get 0.0 pips on major forex markets during busy periods and commissions will set you back just $3 per slide. There is also a professional-client account offered, which alongside zero spreads and low commissions, offers high levels of leverage. Pepperstone is home to over 800 financial instruments – which is inclusive of dozens of currency pairs.

You can also trade stock CFDs, indices, commodities, and more. Once you have signed up, you can trade forex via MT4, MT5, or cTrader. All three platforms are available via a web trader, desktop software, or an iOS/Android app. Pepperstone does not have a minimum deposit threshold in place – so you can get started with any amount of your choosing. The broker is regulated by the DFSA – as well as the FCA and ASIC.

  • Highly suitable for professional clients
  • Raw Spread account offers 0 pips on major forex pairs
  • 0% commission accounts also available
  • More than 800+ financial instruments
  • Compatible with MT4, MT5, and cTrader
  • Regulated by the FCA, ASIC, and DFSA


  • No traditional investment assets supported

Your capital is at risk when trading financial instruments at this provider


7. Skilling –   Best Forex Broker in UAE & Dubai for Mobile Trading

Skilling logoIf you’re based in the UAE, wish to trade currencies on the move – Skilling offers one of the best forex apps in the space. Available on both iOS and Android – and free to download, the app gives you all of the same functionalities as found on the main Skilling website.

This means that you can trade forex, perform research and analysis, and check the value of your portfolio from the palm of your hand. The Skilling trading app is really simple to use – so you won’t be hindered by a smaller screen. Alternatively, you can also trade via MT4 or cTrader. Looking at the broker’s supported markets, you can trade hundreds of currencies, stocks, indices, commodities, and digital currencies.

skilling appIf opting for the standard account, you will benefit from a 0% commission and spread that start at 0.7 pips. The premium account comes with spreads that start from 0.0 pips and the commission is just $30 per $1 million traded. The minimum deposit at Skilling is just $100 and you can fund your account with an e-wallet, debit/credit card, or bank transfer.

  • More than 800 financial instruments
  • 0% commission and spreads from 0.7 pips
  • 0.0 pip accounts also offered
  • Top-rated mobile trading app
  • Great for newbies and for experienced traders
  • Supports three trading platforms – Skilling Trader, MT4, and cTrader
  • Regulated by CySEC (Cyprus) and FSA (Seychelles)


  • Leverage limits unclear until you open an account

69.53%% of retail investor accounts lose money when trading CFDs with this provider.


8. Interactive Brokers – Best Forex Broker in UAE & Dubai for Seasoned Traders

interactive brokers logoWe found that one of the best forex brokers in UAE & Dubai for seasoned traders is Interactive Brokers. This established brokerage firm is known the world over for its solid library of investment and trading products – which covers thousands of markets and financial instruments.

In addition to stocks, ETFs, mutual funds, IPOs, and financial derivatives – Interactive Brokers also offers a fully-fledged forex trading facility. You will not only benefit from deep liquidity and fast execution speeds but industry-leading trading fees. For example, Interactive Brokers offers spreads from just 1/10 pip – and commissions start from 0.08 (BPS x trade size).

Interactive Brokers forex

In total, Interactive Brokers supports 23 currencies – which translates into 100+ forex markets. While this includes major currencies like the USD, GBP, and EUR – you can also access exotics like TRY, ZAR, and MXN. Although the forex trading platform at Interactive Brokers is best suited for experienced investors – there is no minimum deposit requirement.

  • Ultra-low forex spreads
  • Thousands of traditional assets
  • Very fast order execution with deep liquidity
  • IBKR app comes packed with advanced tools
  • Heavily regulated in the US


  • No integration with MetaTrader 4 or 5

Your capital is at risk.


9. – Best Forex Broker in UAE & Dubai for Automated Trading logoAutomated trading covers a number of methods and strategies, albeit, forex EAs are by far the most popular. If this is something you’re after, then you’ll need a broker like – which is fully compatible with EAs and trading robots.

You have the option of installing your chosen EA via MT4 or MT5 – and even offers a fully-fledged VPS. This will allow your forex EA to trade multiple marketplaces 24/7 without overloading your desktop device. In order to deploy an automated robot at this top-rated broker, you will need to first choose a suitable account type.

best forex brokers

The commission-free account offers spreads from 0.8 pips on major pair EUR/USD. Alternatively, the DMA account offers spreads of 0.0 pips plus a small commission per slide. In total, you will have access to 80+ forex pairs – alongside indices, shares, and commodities. Leverage is offered on all marketplaces and liquidity levels are typically highly significant – especially on major and minor forex pairs.

  • Great forex broker for US traders
  • 1:50 leverage on major forex pairs
  • Multiple account types available
  • Trade online or via MT4/MT5
  • More than 80+ pairs supported
  • Permits automated trading


  • US clients do not have access to guaranteed stop-loss orders

Your capital is at risk when trading financial instruments at this provider


10. IG – Best Forex Broker in UAE & Dubai for Asset Diversity and Low Fees

Established in 1974 – IG has a superb reputation in the online brokerage industry. This top-rated platform – which has won plenty of awards for its dedication to retail and professional traders, offers dozens of forex markets. Whether you’re looking to trade major, minor, or exotic currencies – IG likely has you covered.

Regulated by multiple reputable financial bodies and listing on the London Stock Exchange – IG allows you to trade forex in a low-cost environment. This is because all forex trading fees are built into the spread, so there are no commissions to pay. On major pairs like AUD/USD and EUR/USD, spreads start from just 0.6 pips. The likes of GBP/USD, EUR/GBP, and USD/JPY can also be traded for less than 1 pip.

IG forex broker homepage

Most forex traders typically use the IG web trading platform – as this comes packed to the rafters with technical and fundamental analysis tools. You can, however, also trade via MT4. If you’re looking to perform super-advanced technical research, then you might consider trading at IG via ProRealTime. In order to open an account at IG – you will need to deposit at least $250 – which you can do with a debit/credit card or bank wire.

  • Established in 1974 and listed on the London Stock Exchange
  • Offers CFD and spread betting markets
  • Most assets can be accessed at 0% commission
  • Forex spreads start from just 0.6 pips
  • Supports MT4
  • Offers traditional stocks and funds for UK investors


  • More suited for experienced traders

71% of retail investor accounts lose money when trading CFDs with this provider


Best Forex Brokers in UAE & Dubai Comparison

Below you will find a comparison table of the top forex brokers in UAE & Dubai.

Forex Broker Trading Commission (Standard Account) EUR/USD Spread (Min) Deposit Fee Max Leverage (Retail)
eToro Spread-Only 1 Pip 0% for US Traders, 0.5% Elsewhere 1:30 0% 0.8 Pips FREE 1:30
Libertex From 0.006% ZERO on All Markets FREE 1:30
VantageFX 0% From 0 Pips FREE 1:500
Avatrade 0% 0.9 Pips FREE 1:30
Pepperstone 0% 0.6 Pips FREE 1:30
Skilling 0% 0.7 Pips FREE 1:30
Interactive Brokers 0.08 (BPS x trade size) From 1/10 Pip FREE Set by Regulation 0% 0.8 Pips FREE 1:50
IG 0% 0.6 Pips Up to 1% on Credit Cards 1:30

How to Choose the Right Forex Broker for You

There are dozens of forex brokers in the online space that serves clients from the UAE & Dubai. Although we have listed our 10 forex broker reviews, it’s always a good idea to perform your own research. After all, no two forex brokers are the same.

To ensure you are able to compare forex brokers in the UAE & Dubai – consider the following metrics before proceeding with an account.


When trading forex in the UAE – or anywhere for that matter, you need to ensure that your capital is safe and well-protected. The only way to ensure this is to use an online forex broker that is regulated by at least one reputable financial authority.

  • For example, AvaTrade is regulated in six jurisdictions, which includes licenses with the Abu Dhabi Global Market Authorities (ADGMA) / Financial Services Regulatory Authority (FSRA).
  • You then have eToro – which is regulated by authorities in the UK, Australia, and Cyprus.

Although specific guidelines will vary depending on the regulator – the aforementioned bodies require UAE forex brokers to keep client funds in separate bank accounts from their own. They also require the broker to perform KYC checks on all clients and clearly display the risks associated with leveraged forex positions.


By scrolling up to our forex broker comparison table – you will notice that fees, commissions, and spread will vary wildly. Plus, many of the best UAE forex brokers that we have discussed today offer multiple account types – each of which will come with its own pricing structure.

etoro trading fees

For example, standard forex trading accounts typically allow you to enter and exit a currency position on a 0% commission basis, alongside a slightly wider spread. The spread on major pairs should never be more than 1 pip.

If, however, you open a specialized ECN or Raw Spread account, then you will usually pay a small flat commission in the region of $3 per slide. In turn, you will often get spreads of 0.0 pips on major forex pairs, not least because you are trading directly with other market participants.

Range of Assets

When it comes to supported marketplaces, the best forex brokers in UAE & Dubai offer dozens of pairs., for example, gives you access to all major and minor pairs, alongside heaps of exotics. In fact, the platform offers no less than 138 currency pairs in total.

etoro forex trading

In addition to forex, all of the brokers we have reviewed on this page also give you access to other asset classes. In most cases, this will include a wide selection of stocks, indices, ETFs, commodities, and even digital currencies like Bitcoin and Ripple. This ensures that you are able to diversify and hedge with ease.

Trading Tools

If you are hoping to consistently outperform the forex markets, then you will need access to certain tools and features.

Regulated forex brokers in UAE typically offer the following:

  • Copy Trading: This feature is offered by eToro and it allows you to actively day trade forex with ZERO experience. This is because you will choose a successful eToro trader to copy. All subsequent trades will be reflected in your own eToro account – which promotes passive trading.
  • Technical Analysis: If you know your way around a forex pricing chart, then you will want access to technical indicators and drawing tools.
  • Financial News: Fundamental research is just as important as technical analysis – so if you’re chosen forex broker offers real-time financial news – this is a major bonus.
  • Leverage: Forex traders rely on leverage to amplify the value of their stakes. All of the brokers discussed today offer various levels of leverage.
  • Order Types: To trade in a risk-averse manner, you will need access to a wide variety of order types. At a minimum, this should include a stop-loss, take-profit, trialling stop-loss, and limit order.

You can check what tools and features are offered by your preferred broker by visiting its website.


It’s important to think about the manner in which you want to trade forex. For example, if you are looking for the most convenient way to buy and sell currency pairs – most forex brokers offer a web trading platform. This means that you can start trading as soon as you log into your account via your web browser.

Many of the top forex brokers in UAE & Dubai are also integrated with popular third-party platforms like cTrader, MT4, and MT5. You can access these platforms online or via desktop software. You then have the option to trade forex via a mobile app – which will link directly to your main brokerage account.

Account Types

As noted earlier, some brokers will give you several account types to choose from. The one you opt for is usually determined by your prior experience and how much you intend to trade with.

For example, experienced traders that have access to a large amount of capital will be best suited for an ECN broker account – which offers ZERO spreads and low flat commissions. If you’re only looking to trade with a few dollars here and there – then a standard 0% commission account will be more suitable.


Irrespective of your chosen account type or platform – you will need to deposit funds to be able to trade forex with real money.

  • Firstly and foremost, check to see what payment methods your chosen broker supports.
  • For example, the likes of eToro and Libertex both accept debit/credit cards and e-wallets.
  • Interactive Brokers, on the other hand, only supports traditional bank transfers.
  • You also need to assess what the minimum deposit is and whether any fees apply to your preferred payment type.

Withdrawals are also important – so check to see how long it takes to process outgoing payments once you make a request.

How to Get Started with a Forex Broker

If you have read this guide up to this point – then you are likely ready to start trading forex from the comfort of your home. If this is your first time trading currencies – then you might need a little bit of help getting started.

If so, follow the steps outlined below to start trading forex at top-rated brokerage site eToro!

Step 1: Open an eToro Forex Account

You will need to open an account at eToro before you can start trading – so head over to the provider’s website and click on the ‘Join Now’ button.

etoro sign up

67% of retail investors lose money trading CFDs at this site

After entering your personal information and contact details – eToro will ask you to upload a copy of your government-issued ID. This is the standard KYC procedure implanted by all regulated brokers.

Step 2: Deposit Trading Funds

You can now deposit some trading funds into your newly created eToro account – ensuring that you meet the minimum of $200. To benefit from an instant deposit, choose from a debit/credit card or e-wallet. If you wish to perform a conventional bank wire – expect to wait 3-7 working days for the funds to arrive.

Step 3: Search for FX Pair

If you have an FX pair in mind, you can search for it. If you want to browse which pairs are available, click on the ‘Trade Markets’ button. Then, click on ‘Currencies’.

Step 4: Place FX Order

Now all that is left to do is place a forex order. If you want to go long on the pair in question – select a buy order. Or, select a sell order if you think the exchange rate will go down.

etoro forex trading

67% of retail investors lose money trading CFDs at this site

After inputting your stake, take-profit, stop-loss, and limit order values, confirm the order. Your forex trade is now live!

eToro – Best Forex Broker in UAE & Dubai 2021

This informative guide has reviewed the very best forex brokers in UAE & Dubai – so you now have a great selection of platforms to choose from. In selecting the right broker for you – be sure to consider factors surrounding fees, markets, payments, and core trading tools.

You can get started with our number one forex broker pick – eToro, in less than 10 minutes. This brokerage site offers dozens of spread-only forex markets, Copy Trading tools, low account minimums, and a heavily regulated framework.
etoro logo

67% of retail investors lose money trading CFDs at this site



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Kane Pepi

Kane Pepi

Kane is a British researcher and highly skilled writer with a special interest in finance, financial crime, and blockchain technology. Kane writes for a large number of top financial websites. In particular, Kane is an expert at defining complex financial subjects in a user-friendly way. Additionally, Kane holds a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and is currently completing a Doctorate Degree researching the money laundering threats of the blockchain economy. You will also find Kane’s work at websites such as MoneyCheck, the Motley Fool, InsideBitcoins, Blockonomi, Learnbonds, and the Malta Association of Compliance Officers.