With that said, it is recommended that you register under the regulation that oversees the country that you live in. There are no specifically special rules you must follow as a Dubai forex trader though you will still have to follow the general regulations of the broker you choose. This will mean having your proof of ID i n the form of passport or drivers license ready alongside some proof of residence before continuing to fund your trading account.
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Here are 10 of the top forex brokers in Dubai that we have found to ensure all your needs as a trader are met. First on our listing of top forex brokers in Dubai is HotForex. They also provide Arab language support. Here you will find three account types available under DFSA regulation. The Premium Pro is for professional traders and both Islamic and demo accounts are available.
Deposits can be made through wire transfers, Visa, and eWallets and are for the most part fee-free. Trading takes place through MT4 or MT5 platforms with a spread starting from 0 pips and leverage of up to on major forex pairs, if you are a professional trader. They offer a great Islamic account service and Arab language support throughout.
You can fund your account through wire transfer, credit card, or eWallet and for the most part there are no fees. AED deposits may be available through credit cards or local bank transfer in some cases. Trading is available through both MT4 and MT5 trading platforms with spreads that starts from 0 pips. They have a total of more than tradable assets and also provide Arab language support. This can be funded through wire transfer, credit cards, or eWallets with the majority being fee free.
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Trading is done through MT4 and the brokers proprietary trading platforms while spreads start from 0. They provide an all round broker service for investing and crypto trading and also support Arabic. There are two trading account types to choose from here. A demo account is also made available. Although there is no AED deposit method available, credit cards and eWallets can be used to deposit and trade in the USD base currency through the MT4 trading platform and with spread starting from 0.
HYCM is another of the best Dubai forex brokers. The account types available are 4 in all. Both a full demo account and Islamic trading accounts are available to forex traders. Deposits through wire transfer, major credit cards, Skrill, WebMoney, and Neteller are all provided for and are free in most cases with AED deposits available by wire transfer or credit card also. Trading spreads start from 0. AvaTrade is a well known European broker that is also top in Dubai. Arabic language support is available too. A retail, options trading, and spread betting account are all available here although it is best to steer away from the spread betting as a Dubai-based trader as you will see in the next section.
Deposits are catered for through wire transfer, credit cards, and eWallet methods with the majority being free of charge. They offer something more equivalent to a banking or investing service here and no forex assets are available, just stocks, ETFs, and bonds to trade. Arabic is not supported at this time. With this broker, 3 account types in the form of a Standard, Premium, and Prime account type are available.
The more you deposit, the lower your spreads also become. They also cater for an automated trading advisor based on your trading preferences. Another of the choices as one of the best brokers in Dubai, is Pepperstone. They are a world-renowned, and award winning broker that is present in many countries around the world.
Pepperstone are very trustworthy and well-regulated. Best Crypto Trading Brokers. By Country. New Zealand.
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