Page Summary
There are numerous brokers (local and offshore) available in the UAE offering different trading conditions and services. Although the UAE forex market is highly regulated by the ADGM and DFSA, it can be tough for traders to find safe offers and select the best forex broker for their needs.
To guide users safely through the selection process, we have researched, compared and evaluated the different providers and their services in UAE to create a list of top choices. To satisfy the needs of new traders searching for easy-to-use trading features or advanced traders looking for professional trading features, our analysis considers regulation (by DFSA and ADGM) spreads and commissions, number of currency pairs, trading platforms & features, customer support, deposit & withdrawals, research & education and regulation.
This guide assesses 89 online brokers available in UAE to help users evaluate and find the top options for their needs. A list of the best ADGM and DFSA regulated forex brokers in UAE is shared below, for users to get started.
Best ADGM and DFSA Regulated Forex Brokers in UAE
- AVAtrade – Best Broker for Beginners
- eToro – Best ADGM and DFSA-regulated Broker for Beginners
- IG Trading – Best Broker for Trading Tools
- Pepperstone – Best Broker for Professionals
- XM – Best Broker for Research and Education
- XTB – Best Broker for Advanced Traders (who know the basics)
6 Top ADGM and DFSA Regulated Forex Brokers in UAE Reviewed
The 6 top rated ADGM and DFSA regulated forex brokers in UAE are reviewed below, including their pros, cons, and key takeaways.
1. AVAtrade – Best ADGM and DFSA Regulated Broker for Beginners
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AvaTrade offers UAE traders access to over 50 forex pairs and 11 different trading platforms, including MetaTrader 4 and 5 and is fully regulated by the ADGM and FRSA. It charges low, competitive spreads starting at 0,9 pips on EUR/USD, and users can open a live trading account for as low as $100.
Although AvaTrade has an excellent mobile trading platform (AvaTradeGO) and supports automated trading via AvaSocial, DupliTrade, and Capitalise.ai, the broker doesn’t support APIs for automated trading.
AvaTrade offers up to 400:1 leverage, micro lot trading, and a free demo account to backtest trading strategies. Users are additionally protected through the AvaProtect risk management tool.
AvaTrade Spreads
AvaTrade charges competitive spreads starting at 0,9 pips on EUR/USD. The broker doesn’t charge any other trading fees or commissions.
AvaTrade Account Types
AvaTrade users can choose between 3 main account types: Retail, Standard, and Professional. All account types have a free demo option and can be changed to Islamic swap-free accounts by contacting support.
Here is a breakdown of the AvaTrade accounts and their features:
- Retail and Standard Accounts are the standard account types which provide traders access to all asset classes and trading with up to 1:30 leverage. Spreads start at 0,9 pips on EUR/USD.
- Professional Accounts are accounts meant for professional and institutional traders that allow trading with up to 400:1 leverage.
AvaTrade Available Assets
AvaTrade offers traders access to 55 forex currency pairs (all major, minor, and most exotic pairs, including 44 forex options). Forex options allow traders to use a wide variety of forex trading strategies, including hedging, scalping, and algorithmic trading.
AvaTrade Trading Platforms
AvaTrade’s selection of trading platforms includes 8 proprietary platforms, both MetaTrader platforms (MT4 and MT5), and third-party add-ons like TradingView and Trading Central. Additionally, traders have access to automated trading extensions like Capitalise.ai, DupliTrade, and ZuluTrade.
Avatrade Key Features for Forex Traders:
- Nr. of forex currency pairs: 55 forex pairs and 44 forex options
- Average spread (EUR/USD): 0.9 pips
- Trading platforms: Proprietary, MT4, MT5, TradingView, ZuluTrade, DupliTrade
- Maximum leverage: 1:400
- Regulators: ASIC, CySEC, FCA, ADGM, FRSA
- Islamic swap free account: YES
- Micro lot trading: YES
- Recommended experience Level: Beginners
- Best for trading strategies: Automated trading, short selling, scalping, day trading, swing trading
71% of retail CFD accounts lose money
2. eToro – Best ADGM and DFSA-regulated Broker for Beginners
Min Deposit: $100 ($500 for long-term investing accounts)
Fees: 3.7 (above average spreads and commission-free stock and ETF investing)
Assets available: 4.5 (over 3,000 financial instruments, of which 2,300+ CFDs, 260 ETFs, 57 stocks, and 49 forex pairs.
Total Fees: 1,0 pips variable spreads (on EUR/USD), $5 withdrawal fees, $10 inactivity fee/month after 12 months of inactivity, currency conversion fees
51% 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.
eToro is a DFSA and FSRA-regulated forex and CFD broker under the Financial Services and Market Regulations 2015 Act, based at Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.
Its proprietary web-based trading platform and trading apps offers users access to 49 forex pairs and more than 3,000 other financial instruments, including stocks, ETFs, commodities, and cryptocurrencies.
Users can create Standard, Demo, Islamic Swap-Free, Professional, and Corporate accounts at eToro. Spreads are competitive and start at 1,0 pips (on EUR/USD).
eToro offers its users a lightning-fast trading platform, various educational materials (blogs, videos, courses, webinars), a comprehensive watchlist, and a built-in economic calendar. Clients can copy the trades of professional traders automatically from their trading accounts and trade directly on the charts through eToro’s TradingView integration.
eToro offers retail and professional traders leverage up to 30:1 and 500:1, respectively, commission-free stock and ETF trading and investing, direct market access, and a free demo account to familiarize themselves with the platform and trading or investing.
eToro Trading Spreads
eToro offers commission-free stock, ETF trading, and investing and charges variable and fixed spreads on CFDs, starting at 1,0 pips (on EUR/USD).
eToro charges non-trading fees, such as withdrawal, currency conversion, and inactivity fees ($10/month after 12 months of inactivity).
eToro Forex Trading Account Types
eToro users can create one out of five different account types: Demo Account, Standard Account, Professional Account, Islamic Swap-Free Account, or Corporate Account. All accounts follow the same pricing structure, but minimum deposit requirements, maximum leverage ratios, and minimum tradable lot and contract sizes may differ.
Below, our experts provide a breakdown of eToro’s available trading accounts:
- Demo Account – A demo account that allows users to familiarize themselves with eToro, trading, and investing with a balance of virtual funds that matches real market conditions.
- Standard Account – The standard trading account allows retail traders and investors to trade and invest in over 3,000 financial instruments with up to 30:1 leverage.
- Professional Account – A professional trading account catered to experienced traders with at least $500,000 in capital who want to trade with up to 500:1 leverage.
- Islamic Swap-Free Account – A special swap and interest-free trading account meant for traders and investors of the Muslim faith who want to adhere to Sharia Law while using eToro.
- Corporate Account – Same as the Standard Account, but for small, family, and other businesses.
eToro Trading Platforms
eToro has a single proprietary and web-based trading platform that is beginner-friendly and intuitively designed. This proprietary trading platform is also available in App format for Android and iOS mobile devices.
eToro doesn’t support algorithmic trading, the usage of Expert Advisors, or third-party trading platforms, such as MetaTrader 4, 5, or cTrader. On the other hand, the broker does provide dynamic charting features, multiple order types, customizable charts and market data, and social trading services.
eToro Customer Service
eToro’s customer service is available 24/7, even on the weekends and during holidays, in English, Arabic, and over 15 other languages. The eToro customer support can be reached by calling 1-888-271-8365, emailing support@etoro.com, or starting a live chat with any available agent.
eToro Key Features for Forex Traders:
- Nr. of forex currency pairs: 49
- Average spread (EUR/USD): 1,0 pips
- Trading platforms: Proprietary, Social Trading, App
- Maximum leverage: 30:1 (500:1 for professional accounts)
- Regulators: FCA, DNB, AMF, DASP, CySEC, OAM, MFSA, ADGM, FSRA, ASIC, FSAS, FinCEN, MiFID.
- Islamic swap-free accounts: Yes
- Micro-lot trading: Yes
- Recommended experience level: Beginner
Best for trading strategies: short selling, scalping, day trading, swing trading, hedging
51% 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.
3. IG Trading – Best Broker for Trading Tools
Min Deposit: $5500
Fees: 3.7
Assets available: 4.5
Total Fees:
IG Trading is a DFSA regulated broker under license number 1840 and offers access to over 80 forex pairs. IG users are allowed to trade on 5 different trading platforms including MetaTrader 4, ProRealTime, and L2 Dealer. Their spreads start at 0,6 pips on major forex pairs.
IG also offers fast and responsive trading platforms, informative fundamentals, useful trading signals and customer alerts for automatic trading.
Advanced traders can create bespoke trading solutions with IG’s web-based APIs and take advantage of DMA and OTC products with the broker’s FIX API. They can also connect their APIs to the ProRealTime and MetaTrader 4 trading platforms.
IG offers traders up to 250:1 leverage, commission-free forex trading, direct market access, and a free demo account to backtest trading strategies.
IG Trading Spreads
IG Trading charges competitive spreads starting at 0,6 pips on major forex pairs.
Note that IG Trading charges currency conversion fees of 0,5% and a $12 monthly inactivity fee on accounts that don’t have trading activity for two years or months.
IG Forex Trading Account Types
IG users can choose between 3 main forex trading accounts: IG Standard Account, IG Limited Risk Account, and IG Professional Account. All IG Trading account types have the same pricing structure, but minimum deposit requirements, leverage ratios, and lot sizes differ.
Here is a breakdown of IG’s Trading accounts:
- IG Standard Account – allows up to 30:1 leverage, and floating spreads starting at 0,6 pips on major forex pairs. The minimum trade size is 1 micro lot.
- IG Limited Risk Account – has the same features as the IG Standard account but allows users to trade nano lots and all positions have a guaranteed stop.
- IG Professional Account – is the professional account that allows up to 250:1 leverage trading, has no maximum trade size, and charges rollover fees on open positions for consecutive days.
IG Trading Trading Platforms
IG Trading’ selection of trading platforms includes a proprietary WebTrader and mobile trading apps, MetaTrader 4, ProRealTime, L2 Dealer, and third-party add-ons like Autochartist. The broker also supports algorithmic trading and the usage of trading signals.
IG Trading Customer Service
IG Trading’s customer service is available 24/7 in English, Arabic, and over 20 other languages. Traders can reach out to IG customer support by calling + 971 4559 2108, sending an email to sales.ae@ig.com or starting a live chat between 8:00 am to 6:00 pm Monday to Friday, Dubai Time.
IG Trading Key Features for Forex Traders:
- Nr. of forex currency pairs: 80+
- Average spread (EUR/USD): 0.6 pips
- Trading platforms: Proprietary, MT4, Pro Real Time, L2 Dealer
- Maximum leverage: 250:1
- Regulators: ASIC, CySEC, FCA, ADGM, FRSA
- Islamic swap free account: NO
- Micro lot trading: YES
- Recommended experience Level: Average to advanced
- Best for trading strategies: Automated trading, short selling, scalping, day trading, swing trading
75% of retail CFD accounts lose money
4. Pepperstone – Best for Professionals
Min Deposit: $0
Fees: 4.9
Assets available: 4.8
Total Fees:
Peppersone is a DFSA regulated forex broker under license number AFSL 414530. It offers UAE traders access to 60+ forex pairs which are available to trade on MetaTrader 4, 5, cTrader and TradingView integration. The broker enables traders to automate their trades on MetaTrader with Capitalise.ai. Pepperstone’s spreads start at 0,6 on EUR/USD, and traders can open an account from as low as $200.
Pepperstone offers UAE forex traders up to 500:1 leverage, micro lot trading, sharp, competitive swap rates, and a free demo account to backtest their trading strategies. Additionally, Pepperstone allows users to connect third-party social trading extensions like MirrorTrader and RoboX from Tradency, MyFxbook for MetaTrader, and DupliTrade for cTrader.
Pepperstone Spreads
Pepperstone charges low floating spreads starting at 0,6 pips (EUR/USD) on a regular account and 0,0 pips (EUR/USD) plus a fixed commission of $3,5 on the Razor account .
Apart from competitive trading fees, Pepperstone doesn’t charge its users inactivity or account funding fees. Additionally, Professional traders can join the Active Trader program to earn monthly rebates.
Pepperstone Account Types
Pepperstone offers two main forex trading accounts: Razor and Standard Accounts. Both account types come with a free demo paper trading account and can be converted to an Islamic swap-free account to trade according to Sharia Law.
- Standard Account – The Standard Account is compatible with MetaTrader 4, 5, and cTrader, offers commission-free forex trading, allows Expert Advisors, and spreads start at 0,6 pips on EUR/USD.
- Razor Account – The Razor Account is compatible with both MetaTrader platforms, cTrader, and TradingView, offers spreads starting at 0,0 pips but charges a commission of $2,80 per lot per side.
Pepperstone Available Assets
Pepperstone offers traders access to 60+ forex pairs, including all major, minor, and exotic FX pairs. The broker allows traders to use trading strategies like scalping, hedging, and day trading and offers lightning-fast order execution through its free VPS.
Pepperstone Trading Platforms
Pepperstone’s list of trading platforms includes MetaTrader 4, 5, and cTrader and third-party extensions like TradingView and Capitalise.ai.
Pepperstone Customer Service
Pepperstone’s customer service is available 24/7 in English, Arabic, and over 5 other languages. Traders can reach out to Pepperstone customer support by calling + 971 (0)4 573 4100, sending an email to support.ae@pepperstone.com or starting a live chat.
Pepperstone Key Features for Forex Traders:
- Nr. of forex currency pairs: 60+
- Average spread (EUR/USD): 0.6 pips
- Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView
- Maximum leverage: 500:1
- Regulators: ASIC, CySEC, FCA, ADGM, FRSA
- Islamic swap free account: YES
- Micro lot trading: YES
- Recommended experience Level: Average to advanced
- Best for trading strategies: Automated trading, short selling, scalping, day trading, swing trading
74-89% of retail CFD accounts lose money
5. XM – Best Research and Education
Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
XM is a DFSA regulated forex broker (license number F003484) and has a physical office in Emirates Financial Towers in Dubai. Their users have access to 57 forex pairs on low, fixed spreads from 0,0 pips on EUR/USD and a broad range of research and educational materials.
XM allows users to trade micro lots, access to free VPS services that increase the speed of trades, instant account funding, and zero fees on deposits and withdrawals. Users also have access to 1,000:1 leverage and management of up to 100 accounts simultaneously.
XM Spreads and Commissions
XM charges competitive spreads starting at 1,7 pips ( EUR/USD) on its Micro and Standard Accounts. Additionally, forex traders can open a XM Zero Account, which features low spreads from 0,0 pips and commissions of $3,50 per side per lot.
XM Account Types
XM users can choose between 3 main forex trading accounts: the Micro Account, Standard Account, and XM Zero account. All account types enable users access to a free demo paper trading account and can be changed into Islamic swap-free accounts.
- Micro Account – The Micro Account is compatible with both MetaTrader platforms and XM MultiTerminal, offers commission-free micro lot forex trading, and charges spreads from 1,7 pips on EUR/USD.
- Standard Account – The Standard Account is compatible with MetaTrader 4 and 5 and XM MultiTerminal, offers commission-free standard lot forex trading, and charges spreads from 1,7 pips on EUR/USD.
- XM Zero Account – The XM Zero Account is compatible with MetaTrader 4 and 5, offers tight, competitive spreads starting at 0,0 pips on EUR/USD and charges users a commission of $3,50 per side per lot.
XM Available Assets
XM offers traders access to over 1,000 financial instruments, including 57 forex pairs. Traders are allowed to apply trading techniques like scalping, hedging, day trading, and algorithmic trading, and can make use of XM’s free virtual private server.
XM Trading Platforms
XM’s list of trading platforms includes 11 trading platforms, further divided into MetaTrader 4 for PC, Mac, Android, and iOS, MetaTrader 5 for all devices, MT4 MultiTerminal, and the proprietary XM trading apps for Android and iOS.
XM Customer Service
XM’s customer service is available 24/7 in English, Arabic and 22 other languages. Users can contact XM support by sending an email to support@xm.com, starting a live chat, or calling the toll-free number: +501 223-6696.
XM Key Features for Forex Traders:
- Nr. of forex currency pairs: 57+
- Average spread (EUR/USD): 1,7 pips (or 0,0 pips +$3,50 commission per side per lot)
- Trading platforms: MetaTrader 4, MetaTrader 5
- Maximum leverage: 1,000:1
- Regulators: ASIC, CySEC, FCA, ADGM, FRSA
- Islamic swap free account: YES
- Micro lot trading: YES
- Recommended experience Level: Average to advanced
- Best for trading strategies: Automated trading, short selling, scalping, day trading, swing trading
75.59% of retail CFD accounts lose money
6. XTB – Best for Advanced Traders
Min Deposit: $0
Fees: 3.7
Assets available: 2.9
Total Fees:
XTB is a DFSA regulated forex broker with a physical office in the Dubai Trade Centre. The broker offers access to 48 forex pairs, great trade execution speeds, and a fully customisable trading platform. Spreads on XTB Pro Accounts start at 0,0 pips on EUR/USD.
XTB provides traders with the latest market news, an economic calendar, analysis, pricing tables, and a 4-week $100,000 demo account with 200:1 leverage.
XTB users have access to micro lots, up to 500:1 leverage and over 3,200 financial instruments overall.
XTB Spreads and Commissions
XTB charges floating spreads of 0,9 pips (EUR/USD) on its Standard Account, 1,6 pips (EUR/USD) on the Basic Account and 0,0 pips on the Pro account.
Apart from competitive spreads, XTB charges a $10 per month inactivity fee, $30 on withdrawals and a 1,5% credit card withdrawal fee.
XTB Account Types
XTB offers 3 main forex trading accounts: the Basic Account, the Standard Account, and the Pro Account. All Account types come with a 4-week $100,000 demo paper trading account and the option to convert to an Islamic swap-free account.
- Basic Account – offers up to 500:1 leverage, is commission-free, and charges users a fixed spread of 1,6 pips on EUR/USD.
- Standard Account – allows users to trade forex commission-free with up to 500:1 leverage with variable spreads starting at 0,9 pips on EUR/USD.
- Pro Account – enables users to trade forex with up to 500:1 leverage with variable spreads starting at 0,0 pips on EUR/USD but charges a $3,50 per side per lot commission.
XTB Available Assets
XTB offers access to 48 forex pairs and 5,800 financial instruments overall. Users are allowed to apply intraday trading techniques like scalping, hedging, and algorithmic trading.
XTB Trading Platforms
XTB’s list of platforms include the xStation 5 for desktop, and xStation Mobile for mobile devices. The broker isn’t compatible with external trading platforms like MetaTrader 4, 5 or cTrader.
XTB Key Features for Forex Traders:
- Nr. of forex currency pairs: 48
- Average spread (EUR/USD): fixed 1,6 pips, variable from 09 pips or 0,0 pips +$3,50 commission per side per lot
- Trading platforms: xStation 5, xStation Mobile
- Maximum leverage: 500:1
- Regulators: ASIC, CySEC, FCA, ADGM, FRSA
- Islamic swap free account: YES
- Micro lot trading: YES
- Recommended experience Level: Average to advanced
- Best for trading strategies: Automated trading, short selling, scalping, day trading, swing trading
81% of CFD retail account lose money
How To Choose the Top Forex Broker Regulated by The DFSA and ADGM?
Criteria to be considered to select the ideal forex brokers in UAE with zero spreads are listed below
- Spreads and Commissions on non-zero spread forex pairs
- Trade execution speeds and reliability
- Support for algorithmic trading (expert advisors, scripts, etc.)
- Amount of available forex currency pairs
- Quality of customer support
- UAE and Islamic account opening availability
Top ADGM and DFSA Regulated Forex Brokers Compared
Key features of the top ADGM and DFSA regulated forex brokers are compared in the table below.
| Broker | Nr. of Forex Pairs | Spreads on EUR/USD | Maximum Leverage | Available Trading Platforms | Available Trading Tools | Regulators | Minimum Deposits |
|---|---|---|---|---|---|---|---|
| AvaTrade | 50+ | 0.6 pips | 400:1 | MetaTrader 4, MetaTrader 5, AvaTradeGo, AvaOptions | AutoChartist, DupliTrade, ZuluTrade | Central Bank of Ireland, ASIC, FSA, FFAJ, FSCA | $100 |
| Etoro | 49 | 1 | 1:30 | Desktop, Mobile, Web | Web Trader, eToro App, CopyTrader | FCA, CySEC | $100 |
| IG Trading | 80+ | 0.6 pips | 200:1 | IG’s proprietary platform, MetaTrader 4, ProRealTime | IG Smart Portfolio, ProRealTime Algorithmic Trading, AutoChartist | FCA, ASIC, MAS, CFTC/NFA, FINMA, FMA, DFSA, JFSA, and others | $250 |
| Pepperstone | 180+ | 0.13 pips | 500:1 | MetaTrader 4, MetaTrader 5, cTrader | AutoChartist, Smart Trader Tools | FCA, ASIC, DFSA, SCB | $200 |
| XM | 55+ | 0.1 pips | 500:1 | MetaTrader 4, MetaTrader 5 | XM Research, Trading Signals, XM VPS | ASIC, IFSC, CySEC | $5 |
| XTB | 49 | 0.1 pips | 200:1 | xStation 5, MetaTrader 4 | Market analysis, Trade ideas, Economic calendar, Heatmap, Stock screener | FCA, KNF, CySEC, IFSC | $0 |
What Does ADGM Stands for?
ADGM stands for Abu Dhabi Global Market and acts as a financial regulator, overseeing the activities of forex brokers in the UAE.
The ADGM aims to grow the private banking, wealth and asset management innovation sectors of the United Arab Emirates.
What Is The Difference Between ADGM and DIFC?
ADGM and DIFC are both independent regulatory authorities in the United Arab Emirates.
The DIFC is overseen by the DFSA (Dubai Financial Services Authority) and offers investment opportunities to foreign investors with 100% ownership and 0% taxation.
The ADGM is governed by the FSRA (Financial Services Regulatory Authority) which regulates all non-banking-related online trading activities in the UAE.
What Does DFSA Stand For?
DFSA stands for Dubai Financial Services Authority and is the regional regulator overseeing all financial institutions and online brokers operating within its jurisdiction.
DFSA regulated brokers are required to provide different layers of security to its users including investor compensation schemes, which makes them a safe choice to trade with.
What Are The Standards That Need To Be Met By A Forex Broker in Order To Obtain a DFSA Licence?
The main standards to obtain a DFSA license are:
- strict margin requirements
- decline credit cards as payment methods to fund trading accounts
- ensuring that marketing and educational materials aren’t misleading
How Are Forex Brokers Regulated in The UAE?
Forex brokers operating in the United Arab Emirates are separated into two local regions: the Dubai International Financial Centre (DIFC) and the rest of the UAE.
All forex brokers must comply with strict rules set by regulatory bodies including:
- the Securities and Commodities Authority (SCA),
- the Abu Dhabi Global Markets (ADGM),
- the Central Bank of the United Arab Emirates (CB of the UAE), and
- the Dubai Financial Services Authority (DFSA).
What Is The Difference Between DFSA and DIFC?
The DIFC is the onshore Dubai International Financial Centre, while the DFSA is a separate financial regulatory authority within the DIFC. The DFSA is essentially a financial free zone within the DIFC, whose activities are monitored by the ADGM.
Conclusion
Time and effort are required to compare the different services offered by ADGM and DFSA regulated forex brokers in UAE. Key data need to be researched and analyzed for users to make the optimal decision for their needs.
This guide does the hassle for you by comparing and reviewing 89 online brokers considering different types trader personalities and goals. The result of our assessment of the best ADGM and DFSA regulated forex brokers in UAE are listed in the table below.
| Broker | Commissions Charged | Nr. of Forex Pairs | Min. Deposit | Best For |
| AVAtrade | 0,9 pips | 55 | $100 | Beginners |
| eToro | 1 pips | 49 | $100 | Beginners |
| IG Trading | 0,6 pips | 80 | $0 | Trading Tools |
| Pepperstone | 0,7 pips or 0,0 pips + $3,50 per side per lot | 60 | $200 | Professionals |
| XM | 1,7 pips or 0,0 pips + $3,50 per lot per side | 57 | $5 | Research and Education |
| XTB | 0,9 pips or 0,0 pips + $3,50 per lot per side | 48 | $250 | Advanced Traders |
FAQ
What are the main regulatory authorities for forex trading in UAE?
There are four primary regulatory bodies in UAE for forex trading. The Securities and Commodities Authority (SCA) regulates forex trading on the government level, while the Dubai Financial Service Authority (DFSA) and the Financial Services Regulatory Authority (FSRA) regulated forex trading in the respected financial free zones.
Are forex traders in UAE protected against forex broker bankruptcy?
There is currently no legal framework protecting UAE forex traders in case of brokers bankruptcy in the form of a guarantee fund (compensation fund). However, investors are protected through other instruments including regulatory requirements, regular reviews, segregated accounts and transparent complaint protocols.
How to check if brokers have a licence by the DFSA or ADGM?
Users can check weather a brokers has a valid licence from the DFSA or ADGM on their official websites.
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.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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.