​Best ​Forex Broker In UAE 2019 - ​Top Platforms Reviewed

By ​Ziga Breznik - September 17, 2019

​Home > Trading > Reviews

top 10 fx brokers 2019

Forex trading or foreign exchange is an international market where global currencies trading occur. Forex market is the most liquidated and the most significant market with average daily trading volume that surpasses the $5 trillion mark.


The currency market is among the largest financial marketplace occurring internationally. Since forex trading operates all over the world, trading is continuous as far as there is an open market.


When working on the best forex trading platform, there are several benefits and critical features, both experienced and beginners want.


​When searching for the most reliable broker you should look ​at:

  • Fees
  • Tight spreads
  • 24h trading
  • ​Potential to profit despite the market direction
  • ​Customer support
  • Trading education
  • Trust
  • Leverage
  • Commission-free trading

​Online forex trading is trading currencies on the global exchange economy. To do forex trading, you need experiences since it is not for the faint of heart. Trading is an investment that involves a lot of risks just like any other investment, but the threat is supplementary with the fast trading speeds and enormous pressure, meaning a client can quickly lose more money than their investment. On the other hand, one may also benefit at the very pace, which when put together with floats, entices clients to forex trading.

​12 Best Forex Brokers in UAE

The ranking of the best forex trading platforms in regards to the brokerage firm is as follows:

  1. ​IQ Option - ranked top for binary options trading
  2. Plus500 - ranked #1 for CFD and forex trading
  3. eToro - ranked #1 for copy and social trading
  4. IG - best overall as it’s trusted by traders the most - best ​all rounder
  5. Saxo bank - most exceptional trading platform inclusive of the market research
  6. CMC markets - applied strategies of low costs with consistency in trading
  7. TD Ameritrade -  a recommendable trading platform that's locked from use outside the borders of the US
  8. Forex.com - features that are all rounded, inclusive of low charges for its clients
  9. City index - well thought out offers that are considerate to different types of investors
  10. XTB​ - excellent customer service and a client-friendly trading platform
  11. Dukas copy ​- accredited to the dominant integrated desktop platform and mobile application
  12. Coming in at number ​twelwe is FXCM characterized for its considerate offers for the clients

​RANK

​BROKER

​INFORMATION

​BEST FOR

​WEBSITE

​#1 

IQ OPTIONS

Global FX and CFD

Best for Forex & Options

Official Website

​#2

IG TRADING

Global FX ​

Best Overall

Official Website

​#3

​ETORO

​Social Trading ​​Platform Israel

​Social Trading

Official Website

​#4

​FOREX.COM

​Global CFD and Forex ​

​Forex and CFD

Official Website

​#5

​XTB

​​Global CFD and Forex ​

​Customer Support

Official Website

​#6

​FXCM

​UK Base

​Great Technical Tools

Official Website

​#7

​OANDA

​USA  FX ​

​Great API

Official Website

​#8

​SAXO BANK

​Danish ​

​Exceptional Trading Platform

Official Website

​#9

​PEPPERSTONE

​Australian based

​Over 80 tradeable ​instruments + 72 asset classes

Official Website

​#10

​DUKAS COPY

​Great desktop and mobile app

​Exceptional Desktop and Mobile Platform

Official Website

​#11

​TD AMERITRADE FX

​US Only

​Good Trading Platform

Official Website

​#12

​CITY INDEX

​Great Offers

​Different types of investors

Official Website

ig logo

​1. IG Trading


​IG ​has been in the CFD and forex business for more than 40 years.  ​IG guarantees the availability of general information in real time to carry out a comprehensible service line that comprises stock sectors, forex, commodities, personal equities, stock catalogs, cryptocurrencies. Also, it deals with the interest rate of mobile trading platforms and online based professional. Depending on the revenues generated, IG is a formidable ​company in CFD having the highest volumes in betting spreads and financial portfolios in the United Kingdom that are active. IG under the FTSE 250 institution has a base clientele surpassing 185,000 in the globe, which enables the company to offer its clients the least spreads and commission within the field of business. Therefore, the implementation shall make IG possess the best forex trading platform in the trading market.

PROS

  • no minimum account size
  • ​compliant with guidelines of ASIC, IIRO, FCA, CFTC, and Singapore’s monetary authority
  • ​less expensive low spreads, commission model or with a traditional broker spread

​CONS

  • ​access to research and news resources ​requires a launch of external web pages or applications
  • ​education they offer is pretty much disorganized and fragmented
  • ​customer care representatives are slow in responding to customer queries

​eToro is a well established Israeli trading company, very well known for their social trading platform. It has been operating since 2007. Fully regulated by FCA in the UK, has an Australian entity, and a Cyprus entity for international customers.


​Regulated by established and trustworthy regulators, eToro is considered a trustworthy platform. CFDs are the main operation of eToro. These complex instruments include leverage any carry higher risks.


​Awarded as the best social trading platform, you can easily copy other traders and their strategies.

PROS

  • ​easy account opening
  • ​best for social trading
  • one of the best trading platforms around

​CONS

  • not the best customer service
  • ​platform experiences outages
  • ​mostly CFDs - limited product portfolio
plus 500

​2. ​Plus 500


​Plus 500 is a one of the top high quality CFD's providers operating around the globe throug their subsidiaries (AFSL issued by ASIC, Financial Services Provider #47546 in South Africa, FDP #486026, Plus500AU, Derivatives issuer in New Zealand. In the UK it is regulated and authorised by the Financial Conduct Authority (FRN 509909).


In Cyprus, Plus500 CY ltd is regulated and authorised by the Cyprus Securities and Exchange Commission (licence #250/14).

In Singapore, Plus500SG Pte Ltd has a issued licence for capital markets services from the Monetary Authory of Singapore (Licence #CMS100648-1).


The trading platform is one of the best in the business and is very user-friendly. Various markets, including indices, commodities, shares and options are instantly accessible through Plus 500. Every available asset is available to sell or buy as a CFD, commission free with a leverage up to 1:300.


All the features a trader might need is available right on their platform (stop, limit, trailing stop). Don't want to trade a real account? You can easily trade a unrestricted demo account with ease!


​All the news, market information, tools and training are available. Top that with solid customer support and Plus 500 is one of the best!

PROS

  • ​low spreads
  • ​extremely user-friendly and easy-to-use platform
  • ​listed on a  section of the London stock exhange

​CONS

  • ​only CFDs, limited portfolio
  • ​financing rates are quite high
  • ​lack of comprehensive research tools
cmc logo

​​3. ​CMC Markets


​CMC Markets offers spreads that are competitive, of which widens in a large volume of bets or trades. Professionally devoted websites and organizations pinpoint their obligation to increase commitment levels and highly valuable skill development among its recruits. However, it could have been better to have advanced incentives, free API interface, and reimbursements, offered to retail clients to create the loyalty effect. Even with that, they should avail a stop loss guarantee to all account holders; a non commissioned bank withdrawal process and other advanced systems.

PROS

  • ​an extensive catalog of products
  • ​company has sophisticated order types
  • ​news is in real time

​CONS

  • ​US index CDF sreads are high
  • ​security features are limited
  • ​copy trading platforms are not available on the platform
oanda

​​4. ​​OANDA


​OANDA is among the first pioneers in the forex trading industry. Their foundations in academics drove the enterprise to redevelop its status through technology, offerings, and a clientele base to a state of availing two financial trading brokers in the whole of the United States. It also serves investors from all over Canada, the United Kingdom, Australia, and Singapore. Ever since the inception of the firm in the 1990s, OANDA has led the retail in forex markets, offering its global customers the latest trading services and technology. The company has no minimum requirements for a live portfolio, which is a rare occasion to find with any brokerage firm including specific forex brokers. OANDA is famous for its transparency when it comes to fees and pricing and also for its quality of trade execution, hence making them one of the best forex trading platform.

PROS

  • ​account opening can be as low as one dollar
  • ​ firm is under monitory terms by the ASIC, IIOC, FCA and CFTC and Singapore's monetary authority
  • ​offers a less expensive raw spread and commission and a traditional ​spread

​CONS

  • ​scattered research and news resources
  • ​customer care could be better and faster in responding to customer queries
  • ​Webinars and education are disorganized and fragmented

​LCG grants admission to a wide variety spread betting instruments over different classes of assets including CFDs, forex, cryptocurrencies, catalogs, bonds, merchandises, and personal stocks. LCG offers minimal spreads and no commission. The company provides its clients with the benefits of undesirable balance protection. Hence, traders can never lose more than the money they have in their deposit. Therefore,  LCG is among those having the best forex trading platform.

PROS

  • ​connection between the web version and the app is instant
  • ​ insights and analysis of LCG are of high quality

​CONS

  • ​third party tools cannot integrate into the platform
  • ​automated and back testing of trades are not available

​XTB is a provider to various markets such as shares, forex, metals, supplies, indices, and cryptocurrencies. ​XTB is registered with the financial conduct authority (FCA) and regulated in the UK. The trading cost, XTB’s spreads, and account fees happen to be above the necessary levels in the industry, but forex pairs were better than the basic consistently. MetaTrade4, a customizable online trading platform, Xstation5 along with other mobile applications were available for the desktop, making it among the best forex trading platform.

PROS

  • offers trading access to over 3000 markets
  • ​easily searchable toolbar for available markets
  • registration with recognized institutions of financial regulations such as the FCA in the UK

​CONS

  • ​only has one of the basic account types with a guaranteed stop loss and an initial investment of $250 for initiating

​​7. ​Forex.com


Forex.com is among the first specific forex brokers to join the market. Also, it is the main face of the public transaction of GAIN capital deduced as (NYSE; GCAP). Over recent years that have passed, the firm has managed to obtain several contracts of businesses, especially in the United Kingdom. The enterprises include forex, spread-betting company, city index, and the well-established CFD. As a result, GAIN capital has acquired clients from all over the globe and also leading in most of the markets, including the US, where it is edging out the primary competitor OANDA in customer assets. In the past few years, Forex.com has been working on refurbishing its online forex trading platforms and technology systems. As a result, Forex.com and city Index have become stronger; making it one of the best forex trading platforms. A  global Market analyst’s team was employed by GAIN capital to provide clients with frequently updated markets information and research. Apart from the usual CFD and forex markets, Forex.com also grants bitcoins; therefore, it’s among the best forex trading platform.  

PROS

  • ​giving access to bonds, forex, shares, cryptocurrencies, commodity, CFDs, and indices
  • ​it offers MT4, custom web, and client trading platforms
  • Trading cost for both shares and forex is average and has a lot of educational resources but a bit challenging to navigate through the sources
  • ​Forex.com gives research coverage for the U.S, Europe, and Asia markets

​CONS

  • ​product portfolio is limited
  • desktop trading platform is not very ​beginner-friendly
  • relatively high stock CFD fees
pepperstone

​​8. ​Pepperstone


​Pepperstone is an Australian based ​company located outside Melbourne. The company offers a full-featured and competitive trade through several platforms, including browser-based entry, MetaTrade4, and mobile phones. There are over 80 tradable instruments and over 72 asset classes that a trader can choose from that include; commodities, metals, Index CFDs, forex, and cryptocurrencies. Pepperstone has a different range of accounts that include active trader benefits and also commission-free execution. Small trading accounts are supported with an AUD minimum $200 deposit, while else educational resources and research build the clients skills and profits-opportunity recognition. Hence it’s among the best forex trading platform.

PROS

  • ​giving access to bonds, forex, shares, cryptocurrencies, commodity, CFDs, and indices
  • ​it grants access to MetaTrade4, webTrader, cTrader, and mobile phone
  • ​it has a lot of liquidity ​without having to trade contrary to clients

​CONS

  • ​volume ranks that decrease execution prices are not transparent, and it has no single stock CFDs
  • desktop trading platform is not very ​beginner-friendly
  • relatively high stock CFD fees
saxo

​​9. ​SAXO bank


​Saxo Bank offers extensive research and the best forex trading platform. It comes in at number two with a competitive pricing feature that gives it its edge to the competitors. The broker’s services are reliable, especially the customer relations department. Having over 30,000 CFDs on offer to the traders, Saxo Bank avails a complete package worth joining for as an investor with an international brand that is well trusted.

PROS

  • ​one of the best trading platforms
  • ​a wide variety of products
  • ​top notch research

​CONS

  • ​fees are high
  • ​account opening is quite slow
  • ​no live chat support
td ameritrade

​​10. ​TD Ameritrade


TD Ameritrade is only available in the United States being well diversified, offering a pair of currency range for trading at 80 with an excess of carried out research and trading tools, the brokerage platform conveys American based traders with multiple trading solutions. 

PROS

  • ​one of the best trading platforms
  • ​a wide variety of products
  • ​top notch research

​CONS

  • ​fees are high
  • ​account opening is quite slow
  • ​no live chat support

Best forex broker for small accounts

Breaking down of costs associated with trading throughout the available trading platforms in the forex market is not easy. However, prices can be impacted by the spreads of bidding and asking that vary across venues since forex itself is devolved.


Forex transfers throughout the market by either fixed or variable floats having a cause and effect on the spreads being variable generally in the industry. Additionally, policies about the execution of trades across brokers vary commonly by rejections and slippages. ​They tend to be market makers once they execute their trades or as intermediaries relying on other dealers to execute the trades.


The spreads in forex comprise of around turn commission which at times is an unforeseen cost. Also, some of the ​companies ​do not publish their recent spreadsheet information. For the brokerage firms that do publish their spreadsheet information, they carry it out in the manner that the time frame overlaps with the intent of making it nearly impossible to deduce an accurate assessment.

Best forex broker ​UAE in 2019

Forex trading platforms is the current path to investment in the global currency market. Irrespective of a trader’s skills, tools in play, multi-asset tools, and style applied in the market, the platform will affect nearly if not all aspects of a traders’ experience. Elements such as having access to market research and data to the evaluation of current affairs or undertaking a technical approach using charts, the trading platforms share a common objective of easing the trading for investors by allowing one to unearth opportunities as they manage their investments. The trading platform technology has over the years evolved through technological advancements and improvements as it is incorporated in the available devices, having a shift from the desktops to mobile phones. From the concluded research, it is evident the brokers that pursued continuous quality improvements of their technical resources and services benefitted greatly by increasing the competitive advantage over their opponents. Hence via the ranking, we see the results of innovations in the forex market, thus leaving IG as the best of the available trading brokers with the best forex trading platform. 


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