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For forex trading in UAE, we can consider good brokers like eToro,, Libertex, Alvexo, and plus500. Each broker has its own advantages and disadvantages. According to our review, the following are their characteristics: fees, trustworthiness, customer support, cross-platform trading, software, research, Islamic accounts, and education.

This article examines the best forex brokers in UAE offering accounts (or SWAP-free accounts). The ranking is based on their trust score, which is the result of our evaluation process.

Best Forex Brokers in UAE List

  1. eToro – The best UAE forex broker overall
  2. Alvexo – Forex trading without commissions in the UAE
  3. – Among the most advanced forex trading platforms UAE
  4. Libertex – High leverage for professional forex traders in the UAE
  5. Plus500 – Fee-free deposits for UAE users

Best Forex Brokers in UAE Reviewed

1. eToro — The Best UAE Forex Broker Overall

best forex broker in uaeeToro is without a doubt our first choice and best forex broker in UAE. For traders looking for swap-free accounts, this is the best option. Twenty million customers have been served by the company since it was founded in 2007.

Traders found the platform to be just right for their requirements, and many of them are, no doubt, For example, for contracts open for over 24 hours, eToro offers no rollover fees on accounts. Plus, the broker does not charge commissions or interest on leverage, and it does not charge commissions on forex trading.

You will find all the most sought-after currencies paired against each other using the platform, which offers over 40 major currency pairs, including USD/EUR.

As a bonus, eToro is a user-friendly platform that allows you to deposit and withdraw money most conveniently. These methods include credit and debit cards, Skrill, Neteller, PayPal, and bank transfers, so Depositing and withdrawing money is up to you.

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To be charged an inactivity fee by eToro, you need to be inactive for over a year. eToro’s biggest selling point is its social trading capability. With eToro, traders have the option of copying other professionals who have years of experience in trading and making money with the same, or similar, results. Beginners in the trading world, who may not have the proper experience, but wish to start right away, will greatly benefit from this.

As you put your money at risk in copy-trading, you are taking a much lower risk than you would if you were to gamble and execute random trades and moves.

Last but not least, eToro is always up to date on its security and other aspects thanks to the company being regulated by some of the most renowned bodies in the world. Because of the lack of overnight fees, the minimum deposit for accounts is $1,000, while it is $50 for regular accounts.

eToro fees:

Fee Amount
Stock trading fee Free
Forex trading fee Spread, 2.1 pips for GBP/USD
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5


  • Forex trading without commissions
  • The major currency pairs number more than 40
  • Trading socially
  • Easy to use
  • Offering a wide range of trading tools
  • Licenses from major regulatory agencies


  • Deposits for accounts must be at least $1,000

67% 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.

2. Alvexo - Forex Trading Without Commissions in the UAE

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With over 650,000 registered users worldwide and trading volumes exceeding 70 billion, Alvexo is a regulated online broker offering Forex, Commodities, Cryptocurrency, Stocks, Indices, Bonds & CFDs trading. A 'real broker for a real trader' is what they pride themselves on.

Alvexo, a team of market veterans founded in 2014, offers an array of intuitive, real-time trading platforms covering more than 450 different assets. There are a variety of tools available on the platforms to assist with market analysis, as well as a flexible and user-friendly interface.

best forex broker for beginners

Alvexo is known for its education and service-oriented approach to trading for all traders. In addition to daily signals and market analysis, Alvexo clients have access to a wide range of economic news and a trading academy, as well as webinars and seminars.

Alvexo fees:

Fee Amount
Stock trading fee Variable Spreads
Forex trading fee Variable spreads. 3.3% for EUR/USD on its Classic account
Crypto trading fee Commission
Inactivity fee $10 per month after three months
Withdrawal fee Free


  • Separated client funds
  • Protection from negative balance
  • Trading without commissions
  • Traders' academy
  • Additional tools for trading


  • No clients in the US
  • Accounts without fixed spreads
  • Live Chat is not available online
  • Deposit of $500 minimum

Your money is at risk

3. — Among the Most Advanced Forex Trading Platforms UAE

best forex is one of the many CFD brokers offering CFDs on various underlying assets. Our topic for today is forex, and we are interested in its leverage ratio of x40 for all currency pairs. CFDs with forex as the underlying asset can be very useful during times when the price of the underlying asset drops since traders can bet on the direction the price will go and earn profits if they are correct.

If you are concerned about the price dropping, you should consider CFD trading instead of buying foreign currencies directly. Traders can choose between's trading platform and MT4 support, so they can choose which platform they prefer. A user only needs to deposit $20 to start trading. There are 140 currency pairs available to choose from.

forex broker fees:

Fee Amount
Stock trading fee Spread. 1.83 pips for Amazon.
Forex trading fee Spread. 0.8 pips for GBP/USD.
Crypto trading fee Spread. 100 pips for Bitcoin/USD.
Inactivity fee Free
Withdrawal fee Free


  • Several educational resources are available
  • Spreads that are too wide
  • Leverage ratio of 30:1
  • A deposit of $20 is required
  • Commission-free
  • Tools that are great for analysis
  • Trading with artificial intelligence


  • Only CFDs

Your money is at risk.

4. Libertex — High Leverage for Professional Forex Traders in the UAE

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We will now turn our attention to Libertex, another very popular forex broker with a history of nearly 25 years. With the trading industry being as competitive and unforgiving as it is, a broker wouldn't last a quarter-century if it didn't provide excellent services, so you can be sure that Libertex offers exactly what you need.

The Libertex platform is geared towards professional investors and traders who get leverage in a 600-1 ratio, while retail traders only get a 30-1 ratio for forex. Because Libertex is heavily regulated, it offers such a low leverage ratio for retail clients, and regulations prevent novices from engaging in such risky trades.

The platform offers over 50 currency pairs in total, which is more than decent. In addition, MT4 and MT5 are supported, making them ideal for both professional and retail traders. It also has a web trader that you can use at any time.

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Libertex offers forex trading and cryptocurrencies, which are also extremely popular and highly sought after. What's best is that it is available to anyone who wants to open an account, starting with a minimum deposit of only $10. However, if you like this platform, keep an eye out for the future, as it may offer accounts at some point.

Libertex fees:

Fee Amount
Stock trading fee Commission. 0.034% for Amazon.
Forex trading fee Commission. 0.008% for GBP/USD.
Crypto trading fee Commission. 1.23% for Bitcoin.
Inactivity fee $5 a month after 180 days
Withdrawal fee Free


  • There is a $10 minimum deposit
  • More than 50 forex pairs
  • Cryptocurrencies are available in abundance
  • Exceptionally competitive spreads
  • This platform supports MT4, MT5, and its web trader application
  • Regulations are very strict


  • Limited product selection

5. Plus500 - Fee-Free Deposits for UAE Usersforex broker dubai

Plus500 offers a wide variety of free services, including no deposit fees, no fees for opening or closing positions, and commission-free trading on CFDs. In most situations, trading fees are incorporated into spreads. CFDs are one of the brokerage firm's most popular products, and it currently provides more than 2,000 different financial instruments.

forex dubai broker

Plus500 fees:

Fee Amount
Stock trading fee Spread. 23.51 pips for Amazon.
Forex trading fee Variable spreads
Crypto trading fee Spread. 4.11% for Bitcoin.
Inactivity fee £10 per month after three months
Withdrawal fee Free


  • Plus500 Ltd. is a mid-cap company that is listed on the London Stock Exchange and is a constituent of the FTSE 250 index
  • Spreads are tight on thousands of markets with commission-free CFD trading
  • Segregated bank accounts hold client funds
  • The option to pay with a variety of methods, including credit/debit cards, bank transfers, and e-wallets
  • Support available 24 hours a day
  • The ability to access a demo account that contains £40,000 worth of paper money
  • CFDs on Cryptocurrencies, including Bitcoin, are supported
  • Spreads of $0.58 and leverages of up to 1:2 are available for the LTC/USD pair
  • Fee-free deposits


  • CFDs are the only products available to traders
  • Fundamental data are lacking
  • After three months of inactivity, there is a $10 inactivity fee per month

Best Forex Brokers in UAE Comparison

Broker Trading commission EUR/USD spread (min) Deposit fee Max leverage for retail traders
eToro Spreads only 1 pip 0.5% for UAE 1:30 0% 0.8 pips No deposit fee 1:30
Alvexo Variable Spread Variable Spread No deposit fee 1:30
Libertex Starting at 0.006% 0 No deposit fee 1:30
Plus500 0% as fees are built into the spreads Variable Spread No deposit fee 1:2

How to Choose The Right Forex Brokers in UAE for You

In the UAE, there are already many forex brokers; this number is constantly growing. Therefore, you may not find any of the platforms mentioned above suitable for your needs, or perhaps they are not available in your area. By the time you read this article, another broker may have overshadowed our top choices.

You would have to decide whether the forex broker you are interested in is good if any of these things happen. However, there are certain requirements for good forex brokers, and we'll discuss what they are right now and what to look for when you're investigating such a platform.


Safety should always be your top priority when dealing with forex trading brokers and the best forex brokers UAE must be safe for all their traders. It is important to check whether your personal information and money will be secure with one of these platforms before you even think of opening an account. What is the best way to determine if a broker is safe or not?

To begin with, you should determine which regulatory bodies regulate the broker and whether it is regulated at all. Some regulators are more reliable and respected than others, and many of them are out there. Those brokers approved by an agency such as the FCA, ASIC, CySEC, or the CFTC, or the SEC, or FINRA, are probably safe to use. However, you should proceed with extreme caution if you find a less-known regulator is overseeing this or if it is unregulated.

Regulatory frameworks for foreign exchange brokers in the UAE comply with international standards. In the UAE, forex trading services are regulated by four main financial regulators, which include:

  • DFSA is responsible for Dubai's financial regulation
  • Emirates Central Bank (Emirates Central Bank)
  • Regulatory Authority for Securities and Commodities (SCA)
  • ADGM (Abu Dhabi Global Markets)


As a next step, you should look into the brokerage fees that the broker will charge. Generally, you won't encounter commissions and spreads on the same platform, as both are too expensive for users. Fees come in two forms - commissions and spreads.


Fees that brokers charge you for forex trades are called commissions, and they vary quite a bit from one platform to another. Dubai Forex brokers need to keep commissions as low as possible, and eToro and are examples of brokers that do this well. The spread is where the brokers include their commission. There are, however, brokers that charge commissions despite offering zero spreads. A few platforms, however, offer both, making them very advantageous.


There is also a fee known as a spread, representing the difference between the buy price and the selling price of a particular asset. Again, retail traders who trade smaller amounts usually benefit from the difference, typically a very small amount. The spread, however, increases with the size of a trade, resulting in significant fees at higher amounts.

67% 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.

Other Forex Broker Fees

Many brokers will also charge additional fees, commissions, and spreads. Inactivity fees, overnight fees, and withdrawal/deposit fees, for example, may apply to you. Some brokers might only have one or two of these, and not everyone necessarily has all of them. does not charge withdrawal fees, unlike eToro.

Trading Tools

The next thing you need to check out is what tools are available from your broker of choice. Although there will be some tools on most brokers' platforms, they can be simple or complex, depending on who the platform is for - beginners or professionals.

Charting Tools

Trading and technical analysis both require charting tools. Day traders and all other types of traders who are not solely reliant on fundamental analysis fall into this category. As their names suggest, these tools are used to create charts that make predictions about the price of a particular asset. As well as showing price history, charts allow us to make predictions based on price behavior in the past.

Copy Trading

Novice traders love copy trading because it lets them make money without learning how to trade. Whenever you plan to enter a trading industry, it always makes sense to gather as much knowledge as you can yourself and make sure that you know what you are doing. You can earn money by copying your trades as you do them - this is much better than trading randomly and hoping that you don't lose money.

Copy trading is the act of finding an expert trader using the same platform and assets that you are interested in and then copying their position. Thus, you should have similar results based on the amounts you use. Before you have enough experience to trade independently, copying experts gives you a much better chance of making profits.


Forex and many other assets can also be traded with leverage. As a result, traders can make greater profits, regardless of their financial capabilities. These extra funds come from the platforms on which they trade.

However, when you trade with leverage, remember to be very cautious as the risk grows along with the reward. The margin for error decreases as you use more leverage, so the smallest errors may cause you to lose more than your initial investment.


The most popular platforms - Metatrader 4 and Metatrader 5 - are compatible with numerous brokers. The best forex brokers UAE often support these platforms, which offer more tools and other advantages for experts. Several brokers offer MT4 and 5, in addition to cTrader, which is very popular with traders.

forex broker in uae

Account Types

It's also worth checking to see if your brokerage offers a variety of accounts. That can benefit some traders as the complexity of these accounts might depend on their needs. They may also benefit from lower or zero commissions while maintaining high or low spreads. Consider checking if you can create such an account, as well as what it offers.


Remember to check the payment methods offered by different brokers when you compare them. The service you choose may not suit your needs; some accept only credit cards and bank transfers, while others might use PayPal, Skrill, or other payment solutions.

It may be possible to find a broker that meets all your needs and expectations in all other aspects, but if you cannot deposit or withdraw money, then having everything else meet your needs and expectations will not mean much to you.

Best Forex Brokers in UAE For Beginners

There are a variety of best Forex brokers UAE, but not all of them are good for beginners. AvaTrade, for instance, is undoubtedly one of the best forex brokers. However, for a first-time trader, it will probably be confusing as it is intended for professional investors.

To make money trading forex, new traders should choose a Dubai forex broker that caters to them, such as eToro or, which are both widely known, reliable, safe, rich with assets, and flexible payment methods easy to use. In addition, eToro offers copy trading and demo accounts, respectively, which will be of great help to someone learning the art of trading by example.

How To Get Started With A Forex Broker in UAE

Step 1: Open an eToro Forex Account

First, you must create an eToro forex account, which you can easily do by logging in with your Facebook or Google account. As an alternative, you can also create a new account from scratch. The only downside of this is that it would not allow you to maintain your anonymity, as you would still need to verify your identity to trade. A photo of your driver's license, passport, or ID is required.

best forex broker in uae

67% 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.

Step 2: Deposit Trading Funds

To begin trading forex, you will need to deposit money. It is also possible to make a deposit by clicking "Deposit Funds" in the lower-left corner of the dashboard, though some payment methods may take longer to process than others.

dubai forex broker

Step 3: Search for Forex Trading Market

After choosing the pair(s) you are interested in, you will need to search for them in the forex broker's directory. For example, you can search eToro by selecting the forex category from the top of your dashboard, or you can use the search box on the platform's sidebar.

best forex broker

Step 4: Place Forex Trading Order

There is one last step in selecting one of the pairs and going to its page. You can then enter your trading order by clicking on the trade button. In addition, it is quick and easy to do as well, and once you have completed the process, check the information and the market once again, and if everything looks good - you can begin trading.


Foreign exchange trading is extremely popular, but is still very risky, and anyone considering it should do their research and be careful. No amount of preparation is too much since you are putting your own money on the line. This guide explains how to pick a reliable broker and recommends the top four according to our research, as well as everything you need to know about how to identify one. You can choose one that best fits your needs.

eToro – Best Forex Broker in UAE

forex broker

67% 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.


What is a Forex broker?

Users of forex brokers can trade currencies through currency pairs through online trading platforms. However, user accounts must be opened, and money must be deposited before orders can be executed.

How do Forex Brokers in UAE make money?

Depending on the broker, a forex broker makes money by charging trading commissions or by charging spreads. In addition to withdrawals, deposits, overnight fees, and inactivity fees, most also charge fees for deposits and withdrawals.

What is the best forex broker in UAE?

We found that eToro is the best forex broker out of the ones we researched. It is heavily regulated, it charges no commissions, and even its fees are quite reasonable and affordable.

What is a spread in a Forex broker in UAE?

The spread is the difference between the prices of buying and selling assets. Brokers compete to attract traders with the lowest gaps or spreads. That is why the bigger the gap, the more a trader pays.

Can I trade with leverage in a Forex broker in UAE?

Foreign exchange trading with local brokers regulated by the SCA, the Central Bank, or other regional authorities is legal. However, UAE imposes strict licensing rules on any entity dealing in forex or another online trading activity without its proper license.

About Jhonattan Jimenez
About Jhonattan Jimenez

English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.