Page Summary
This guide helps users to find the best forex brokers in the UAE for Expert Advisors. The usage of expert advisors is widespread among UAE traders as they allow trading automatization through the usage of mathematical algorithms that determine profitable entry and exit points. Due to the variety of online brokers offering usage of EA’s with different trading conditions, it is difficult to select the ideal option for individual needs.
To guide traders safely through the selection process, we have evaluated, compared and reviewed providers and their services in UAE to create a list of best choices. To satisfy the needs of different types of traders, our assessment considers Expert Advisor availability (MT4), demo account availability, VPS Server availability, range of forex trading instruments, fees and commissions and customer support.
This guide compares 26 providers for users to evaluate and find the ideal forex broker for their needs. To help them make an informed decision, a list of the best forex brokers in UAE for Expert Advisors on MT4 is shared below.
Top 6 Forex Brokers in UAE for Expert Advisors (MT4)
- AVAtrade – Best Forex Broker for Expert Advisors Overall
- XM – Best Beginners Broker for Expert Advisors
- IC Markets – Top Professionals Broker for Expert Advisors
- Pepperstone – Best choice of trading platforms
- FXTM – Ideal CFD Forex Broker for EA
- RoboForex – Great EA Broker for Forex Trading
Best Forex Brokers in UAE for Expert Advisors Reviewed
The top 6 forex brokers in UAE for Expert Advisors are reviewed below.
1. AVAtrade – Best Forex Broker for Expert Advisors Overall
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AvaTrade is an international forex and CFD brokerage firm, founded in 2006. Users have access to over 1,300 financial instruments, including 55 forex pairs, 44 forex options, CFDs, and cryptocurrencies.
AvaTrade allows the usage of Expert Advisors through MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker charges low spreads from 0,6 pips (EUR/USD).
Avatrade has a free demo account with a virtual balance of $100,000. It allows users to backtest their EA trading strategies before using them on live accounts.
AvaTrade’s customer support is available via email, live chat, and by phone in English, Arabic, and over 10 other languages.
Pros
- Great Research and Educational tools
- Great Customer support
- Good choice of social trading options
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
71% of retail CFD accounts lose money
2. XM – Best Beginners Broker for Expert Advisors
Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
XM is an offshore forex and CFD broker, founded in 2009. It provides users access to over 1,200 different CFDs including forex, indices, commodities, and cryptocurrencies.
XM allows access to Expert Advisors through MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Users have access to a forex VPS server for fast trade execution .
XM charges low spread of 0,0 pips on (EUR/USD) + $3,50 commission per lot per side on the ECN accounts.
The broker has a free demo account with $10,000 in virtual funds. It allows users to backtest their EA strategies.
XM customer support is available via email, live chat, and by phone in English, Arabic, and over 15 other languages.
Pros
- Very good customer support
- Very competitive trading fees
- Good choice of different trading platforms
Cons
- Could have more deposit and withdrawal options
Key features
- Access to 1,000+ trading instruments
- Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
- No re-quotes nor order rejections
- Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
- Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
- Free VPS perfectly suited for EAs and other automated trading software
75.59% of retail CFD accounts lose money
3. IC Markets – Best Professionals Broker for Expert Advisors
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.
IC Markets is an Australian forex and CFD broker, founded in 2007. Users have access to over 2,250 different financial instruments, including 61 forex pairs, 25 indices, 2,100 stock CFDs, commodities, futures, bonds, and cryptocurrencies.
IC Markets allows users to deploy Expert Advisors through MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. The broker has a free Equinix NY4 VPS server to reduce latency and increase order execution efficiency.
IC Markets’ charges low spreads of 0,0 pips ( EUR/USD) on the ECN accounts.
The broker has a free demo account with unlimited funds. It allows users to backtest their EA strategies. Live accounts can be opened from a $100 minimum deposit.
Deposits and withdrawals are available through credit cards, bank wire transfers and e-payments ( Skrill, Neteller, UnionPay, Bpay, FasaPay, and Poli).
IC markets customer support is available via email, live chat, and by phone in English, Arabic, and over 10 other languages. Users can request remote assistance through TeamViewer.
Pros
- Multiple account types and trading platforms
- Trade with up to 1:500 leverage
- Unlimited demo account
- Free access to Equinix NY4 VPS server
Cons
- No educational material
- Only CFD, forex, and crypto trading
- No research and analysis tools
Key features
- Access to over 2,000 CFDs on stocks, bonds, indices, commodities, forex, and digital currencies
- Islamic swap-free accounts available on request
- Compatible with MetaTrader 4, 5, cTrader, ZuluTrade, and Myfxbook AutoTrade
- Raw spreads from 0,0 pips
- Well-suited for both beginner and experienced traders
- Expert Advisors and other forms of automated trading allowed
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.
4. Pepperstone – Best choice of trading platforms
Min Deposit: $0
Fees: 4.9
Assets available: 4.8
Total Fees:
Pepperstone is an offshore multi-asset broker founded in 2010. It provides access to 1600 financial instruments, including 65 forex pairs, stock CFDs, commodities, indices, and CFDs on gold.
Pepperstone earned Best in Class awards for MetaTrader, Algo Trading, and Copy Trading in our 2024 Annual Awards. Our dual offering of MetaTrader and cTrader is perfect for algorithmic and copy traders.
Pepperstone has two trading accounts: the Standard and the Razor accounts. Standard account holders can trade with spreads from 1.1 pips EUR/USD.
The minimum deposit required to open a live trading account with Pepperstone is $0. Account funding options include bank wire transfers, credit cards and debit cards (Visa, MasterCard, Maestro), and local bank transfers.
Pros
- Offers CFD trading on multiple asset classes
- Multiple trading platforms are available on all operating systems
- Excellent customer service available 24/7
Cons
- Pepperstone does not accept U.S. clients due to regulatory constraints
- Does not offer “negative balance protection” for non-U.K./E.U. clients
Key features
- Access to over 1638 CFDs on ETFs, indices, and forwards
- Trade on Pepperstone’s proprietary trading platform or connect your account with MetaTrader 4 or 5, cTrader, or Tradingview
- Multiple order types are available, including advanced ones
- Excellent customer service is available in both English and Arabic.
74-89% of retail CFD accounts lose money
5. FXTM – Best CFD Forex Broker for EA
Min Deposit: $200
Fees: 3.5
Assets available: 2.7
Total Fees:
FXTM is an offshore forex and CFD broker, founded in 2011. It provides access to 275 different financial instruments, including 62 forex pairs, stock CFDs, commodities, indices, and precious metals (gold and silver).
FXTM allows users to deploy Expert Advisors through MetaTrader 4 (MT4). Users have access to a free forex VPS server.
FXTM charges everage spreads of 1,5 pips (EUR/USD) on the Standard account. The broker doesn’t charge inactivity, deposit, and withdrawal fees.
FXTM’s free demo account allows users to backtest their EA trading strategies. The minimum deposit required to open a live trading account with FXTM is $50. Account funding options include bank wire transfers, South Arabian Peninsula Local Transfer, credit cards (Visa, MasterCard, Maestro), e-payments (Skrill, Neteller, Perfect Money) and cryptocurrencies (Bitcoin, Litecoin, Ethereum, and Dash).
FXTM’s customer support is available via email, live chat, and by phone in English, Arabic, and over 10 other languages.
Pros
- Offers CFD trading on multiple asset classes
- Multiple trading platforms available on all operating systems
- Excellent customer service available in English and Arabic
Cons
- Low amount of trading instruments
- Relatively high trading and other fees
Key features
- Access to over 400 CFDs on forex, shares, indices, commodities, and cryptocurrencies
- Trade on FXCM’s proprietary trading platform or connect your account with MetaTrader 4, NinjaTrader, ZuluTrade, or Capitalise AI
- Multiple order types available, including advanced ones
- TradingView integration for optimal technical analysis
- Free $50,000 demo paper trading account
- Excellent customer service available in both English and Arabic
80% of retail CFD accounts lose money
6. RoboForex – Best EA Broker for Forex Trading
Min Deposit: $10.00
Fees: 4.6
Assets available: 3.8
Total Fees:
RoboForex is an international forex brokerage, founded in 2009. It offers users access to over 12,000 financial instruments, including stocks, ETFs, precious metals, indices, and over 40 forex pairs. RoboForex offers CopyFX services, which allows traders to copy trades of experienced traders.
RoboForex has 5 trading platforms: R StocksTrader, R WebTrader, MetaTrader 4, and MetaTrader 5. Users are allowed to deploy Expert Advisors on all platforms. They can also use the brokers’ free VPS server for fast trade execution.
RoboForex’s spreads are average, starting at 1,4 pips (EUR/USD).
The broker offers a cash back lot rebate program, which provides users with up to 15% discount on their trading fees. The broker doesn’t charge deposit and withdrawal fees and commissions.
RoboForex has a free demo account for Expert Advisors backtesting. Deposit and withdrawals are available through wire transfers, AstroPay, Skrill, Neteller, Perfect Money, ADVCash, credit cards, and Western Union.
RoboForex customer support is available via email, live chat, and by phone in English, Arabic, and over 10 other languages.
Pros
- Excellent customer support
- Broad range of tradable assets
- Multiple trading platforms and accounts available
Cons
- Charges floating spreads instead of fixed
- Few banking options available
Key features
- Access to over 12,000 different financial instruments including stocks, commodities, and cryptos
- All new traders receive welcome and profit share bonuses whilst existing traders receive cashback rebates and up to 10% interest on account balance
- Generate trade ideas with forex analysis, forecasts, and an economic calendar provided by RoboForex
- Build your own EA with the R StocksTrader Strategy Builder or connect third-party ones
- Take part in social trading via CopyFX
- Trade on the go on MetaTrader 4, MetaTrader 5, cTrader, or Robo WebTrader on both Android and iOS devices via the RoboForex trading app
79.43% of retail investor accounts lose money when trading CFDs
Top 5 Forex Expert Advisors in UAE for MetaTrader 4
The 5 best forex expert advisors in UAE for MetaTrader 4 are listed below.
1. 1000pip Climber EA
1000pip Climber EA is a forex Expert Advisor that uses its own algorithm to generate trading signals. It has three different time frames: 15 minutes, 1 hour, and 4 hours. The Expert Advisor works with up to 1:500 leverage. It costs $297 (one-time fee).
2. Flex EA
Flex EA has a long standing operational history of 7 years. It has an average yield of 300% and works in all kinds of market conditions. It requires a minimum deposit of $3,000 and works with up to 1:500 leverage. It is among the best MT4 forex Expert Advisors in UAE.
3. Alfa Scalper
Alfa Scalper is the best scalping MT4 forex Expert Advisor. It has an average yield of 49,36%.
The Alfa Scalper is intuitively designed and beginner-friendly. It costs $100 one-time fee and provides forex traders with up to 1:50 leverage.
4. Athena Expert Advisor
The Athena Expert Advisor was developed by Chris Svorcik in 2014. Its automated trading system assists traders in making more informed and profitable forex trades. The Expert Advisor is mainly focused on the EUR/USD forex pair, but works with other financial instruments including stocks, options, and futures. Its software is beginner-friendly. Athena Expert Advisor is available for $699 yearly, $999 lifetime or as free rent (with 25%-35% profit shares).
5. FX Fortnite
The FX Fortnite Expert Advisor has a rating of 9,4 out of 10 and an average yield of 135%. It performs automatic trades, trades with the trend, and hedges positions automatically. Users can adjust the settings of the trading bot according to their own preferences. To use FX Fortnite, requires a minimum deposit of $500. The maximum leverage available is 1:100.
How To Choose The Ideal Broker For Expert Advisors in UAE?
Criteria that help to select a forex broker for Expert Advisor in UAE are listed below.
- Trading Strategy – It is important for traders to select an EA based on their trading strategy. Each EA is different. Traders that want to scalp the markets should prefer Expert Advisors that allow scalping techniques.
- Demo Account Features – Allow users to test their Expert Advisors and tweak the settings for perfection. Brokers offer different demo account features. Brokers with desired trading features for testing purposes should be preferred.
- Customer Support – Customer service of the broker and the EA should be considered. Fast and reliable customer support increases chances of profitable trading.
- Free Trial – EA’s with free trials should be preferred. Free trials allow traders to preview its features and increase chances for profit.
Top EA’s Compared
Key features of the top expert advisors in UAE are compared in the table below.
| Expert Advisor | Features | Required Initial Deposit |
| 1000pip Climber EA | Beginner-friendly, no minimum deposit required | $0 |
| Flex EA | Works in all market conditions and provides users with 1:500 leverage | $3,000 |
| Alfa Scalper | Scalps the markets for a constant flow of small profits | $100 |
| Athena Expert Advisor | Free to use, includes a risk management module | $50 |
| FX Fortnite | Provides users with trading signals | $500 |
What is an Expert Advisor?
An Expert Advisor is a software that assists traders in making profitable trading decisions. It uses mathematical algorithms to determine profitable entry and exit points.
Expert Advisors are programmed in Meta Quotes Language (MQL) and work on the MetaTrader 4 and MetaTrader 5 trading platforms.
How to Set Up an EA for Forex Trading?
Steps to set-up Expert Advisors for forex trading are listed below.
- Download the EA Software and Install it
- Run the EA on MetaTrader 4 (Open MetaTrader 4 and click on the ‘’Expert Advisors’’ tab)
- In the dropdown menu, click ‘’New’’ and then select the correct file of the Forex Expert Advisor. (Name it and click ‘’Create.’’)
- Configure the settings of the forex expert advisor (based on personal preferences and settings)
Which Forex Trading Platforms Available in UAE Support EA’s?
Forex trading platforms available in the UAE that support Expert Advisors are listed below.
- MetaTrader 4 (MT4) – is one of the most commonly used forex trading platforms that supports Expert Advisors. The trading platform is free to use. It allows users to deploy their own Expert Advisors and configure them using the platform’s native MQL4 programming language.
- MetaTrader 5 (MT5) – is the latest version of the MetaTrader trading platform and supports a wide range of Expert Advisors. MetaTrader 5 offers advanced trading features, and algorithmic trading strategies.
- cTrader – is one of the best forex trading platforms that supports Expert Advisors. It allows users to deploy EA’s dynamic charting features and lightning-fast order execution speed.
- NinjaTrader – is a platform that features advanced charting functions and allows traders to open many positions simultaneously (great for scalping).
What are the Main Types of Forex Expert Advisor
The main types of forex Expert Advisors available to traders in UAE are listed below.
- Trend Following EAs – identifies trends of forex currency pairs and follows them. Trend following Expert Advisors often use technical indicators like MACD, moving averages, and Bollinger Bands to base their anticipated direction.
- Breakout EAs – use technical indicators like Fibonacci levels and pivot points to identify key levels. Breakout EA’s recognise key support and resistance levels, trade breakouts and reversals.
- Scalping EAs – makes a lot of trades and trie to make many small profits. Scalping EAs often use technical indicators like stochastics and RSIs to identify profitable short-term trends.
- Grid EAs – are developed to open a series of grid orders at specific time intervals above and below current market prices. They often use technical indicators to identify important support and resistance levels around the areas where the grid orders are placed.
- Arbitrage EAs – This type of Expert Advisors aim at making a profit between price differences across multiple different brokers. Arbitrage Expert Advisors are connected to several brokers and place buy and sell orders with them, exploiting small price differences.
- News Trading EAs – trade during major news publications and events, like FED interest rate changes and non-farm payroll releases. News trading EAs use technical indicators to identify trends and market reactions during and shortly after news events to open positions accordingly.
What are the Advantages of Using a Forex EA?
The pros of using forex Expert Advisors for forex trading are listed below.
Elimination Of Emotions
Traders’ emotions often impact trader decisions in a negative way. Expert Advisors eliminate emotions by trading automatically (based on its settings and parameters).
Faster Trading
EA’s find and place profitable trades quicker than humans. They scan entire markets, analyse risk factors, and instantly open and close positions. The increased trading speed allows EAs to profit from as many trading opportunities as possible.
24/7 Trading
Expert Advisors trade 24/7 (as long as they are connected to a stable internet connection). Human traders need to sleep, work, and do other things besides trading. This makes forex Expert Advisors superior when it comes to constant trading.
Easy Backtesting
EA’s test trading strategies using simulated trades and demo accounts. They can scan thousands of outcomes in seconds. Additionally, EAs can store a lot of data and test multiple trading strategies at the same time.
Simultaneous Multiple Currency Trading
Forex EAs can trade and manage multiple trades at the same time. While humans are also capable of simultaneous trading, it is harder for them to have control. Expert Advisors trade according to settings and parameters and don’t make mistakes.
What are the Disadvantages of Using a Forex EA?
The cons of using forex Expert Advisors for forex trading are listed below.
No Recognition of Fundamental Data
One of the most significant disadvantages of forex Expert Advisors is that they only use statistics, charts, and historical data. They ignore all external factors like market trends and news releases that may influence asset prices. This can affect the overall profitability of Expert Advisors over the long run.
Forex EAs Can Suffer From Technical Problems
Forex EA’s can have technical issues like connectivity problems, hardware failures, and power shortages.
Limitation To Certain Assets
Forex EA’s often allow trading on certain assets or asset classes. They are not useful to traders that want to trade on multiple financial markets.
Limitation To Certain Strategies
Most EA’s only trade according to certain specific strategies.
Conclusion
It is challenging and time consuming to analyse and compare the services of different brokers in the UAE to find the ideal option. Users need to gather and review all essential information to make the optimal choice for their needs.
In this guide, we have done the hard work for you by comparing and evaluating the top choices for different types of traders and trading goals. The results of our evaluation and comparison of the best forex brokers in UAE for expert advisors are summarized in the table below.
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | AVAtrade | Good choice of social trading options | 4,9/5 | Best Forex Broker for Expert Advisors Overall | Official website |
| #2 | XM | Very competitive trading fees | 4,1/5 | Best Beginners Broker for Expert Advisors | Official website |
| #3 | IC Markets | Multiple account types and trading platforms | 4,5/5 | Best Professionals Broker for Expert Advisors | Official website |
| #4 | Pepperstone | Multiple trading platforms and social trading options | 4,7/5 | Best choice of trading platforms | Official website |
| #4 | FXTM | Excellent customer service available in English and Arabic | 3,8/5 | Best CFD Forex Broker for EA | Official website |
| #5 | RoboForex | Broad range of tradable assets | 0,0/5 | Best EA Broker for Forex Trading | Official website |
FAQ
Are forex EA’s legal in UAE?
Forex trading using EA’s is not prohibited in UAE and therefore legal.
Does trading with EA’s require the trader to let his computer running?
Yes, EA’s require the trading platform to be running and connected to the internet. Alternatively traders can use a VPS system to help them run EA’s 24/7.
How to start using forex EA’s?
To start trading with forex EA’s trader need to download the EA and install it on their platforms (MT4, MT5 or any other platforms that supports EA’s). After installation, the EA appears in the platform interface and can be added to the charts.
What are the most common platforms that support EA’s?
The most common third-party platforms that support EA integration include MetaTrader4, MetaTrader5 and cTrader.
Can users run more than one EA on MT4?
Yes, users can run multiple EA’s at once on MT4, but only use one EA per chart.
Are EA’s for MT4 and MT5 the same?
Each MetaTrader platform (MT4 and MT5) require its own unique EA’s.
Are Expert Advisors good for beginners?
Expert advisors are commonly used by beginners as they allow trade automatisation (technical analysis and trade execution based on predefined goals), avoidance of emotional trading decisions and 24/7 trading.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
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Stefan Grasic is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level.