Page Summary
Scalping is a popular forex trading strategy in UAE because of its high profitability, independency of market trends and automatisation options. It is a trading style where traders open and close multiple positions in a short period of time. Due to the variety of brokers offering different trading tools for scalping, it can be tough to find the best forex broker for their needs.
To guide users through the selection process, we have evaluated and compared different providers and their services to create a list of top choices. Whether you are searching for a direct-access broker or a trading platform with live-feed access, our analysis considers criteria including trading platforms and features, availability of forex pairs, regulaautomated trading applications (Expert Advisors) through the MT4 platform or by using APIs. With access to 125 forex pairs and up to 1:30 leverage, this is a great combination for algorithmic scalpers.
This guide assesses 32 online brokers allowing scalping. It helps users to evaluate and compare the best options for their trading goals by providing a list of the best forex brokers in UAE for scalping.
Best Forex Brokers in United Arab Emirates for Scalping
- IC Markets – Best Forex Broker in UAE for Scalping Overall
- AVAtrade – Top Forex Broker for Beginner Scalpers
- Capital.com – Ideal Broker for Algorithmic Trading
- FP Markets – Top Broker For Low Trading Fees
- XM – Great Broker for Research and Education
5 Top Forex Brokers in UAE for Scalping Reviewed
The best forex brokers in the UAE for scalping are reviewed below, including their pros, cons, and key takeaways.
1. IC Markets – Best Forex Broker in UAE for Scalping Overall
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.
With low spreads starting at 0,0 pips (EUR/USD), leverage of up to 500:1, and access to micro-lot trading, IC Markets is the most suited forex broker in UAE for scalping. Traders additionally have access to a free Equinix NY4 VPS Server, providing low latency and lightning-fast order execution speeds (under 40ms) which is great for scalpers.
IC Markets Spreads and Commissions
With spreads starting at 0,0 pips (EUR/USD) on Raw Spread accounts and low fixed commissions of $3,50 per side per lot, IC Markets has the lowest forex trading fees in the industry.
IC Markets Scalping Account Types
IC Markets users can choose between 3 different account types: the Standard Account, MetaTrader Raw Spread Account, and cTrader Raw Spread Account. Each account type has a free demo and Islamic account versions.
The most suited accounts for scalper are:
- MetaTrader Raw Spread Account – is the standard MetaTrader account offers low, competitive spreads starting at 0,0 pips (EUR/USD) with a $3,50 per side per lot commission and up to 500:1 leverage.
- cTrader Raw Spread Account – is the standard cTrader trading account with spreads starting at 0,0 pips (EUR/USD) plus a fixed commission of $3,00 per lot. It is more suited for scalpers that want to use layer two pricing data, detailed charting, and complex indicators.
IC Markets Account Types and Features
| Features | Standard | Raw Spread | Raw Spread cTrader | Islamic |
| Minimum Deposit | $200 | $200 | $200 | $200 |
| Spreads | 0,6 pips, $0 commission | 0,0 pips, $3,50 commission | 0,0 pips, $3 commission | 0,0 pips, $3,50 commission |
| Swaps | Yes | Yes | Yes | No |
| Max. Leverage | 500:1 | 500:1 | 500:1 | 500:1 |
The minimum deposit required to open a live trading account at IC Markets is $200. Withdrawals and deposits are free of charge, and funding methods include credit cards, wire transfers, or e-wallets like PayPal, Neteller, and Skrill.
IC Markets Forex Currency Pairs
IC Markets allows users to trade on 4,500 financial instruments including 61 forex CFDs.
IC Markets Trading Platforms and Scalping Features
IC Markets list of trading platforms include a proprietary web trading software for desktop and mobile devices (WebTrader), third-party trading platforms (MetaTrader 4, MetaTrader 5, cTrader), and automated trading extensions (Myfxbook AutoTrade and ZuluTrade).
The platform’s setup offers great support for scalpers offering the lowest spreads in the industry based on 25 different pricing sources, lightning-fast order execution speeds under 40 ms, up to 500:1 leverage, and competitive swap rates on all currency pairs.
IC Markets Customer Service
The IC Markets customer service is available 24/7 in both English and Arabic. Users can reach out to them through email, live chat, and phone.
IC Markets Key Features for Forex Scalpers:
- Amount of forex currency pairs: 61 forex pairs (CFDs)
- Average spread (EUR/USD): 0,0 pips
- Available Trading Platforms: Proprietary, MetaTrader 4, MetaTrader 5,cTrader, Myfxbook AutoTrade, ZuluTrade
- Maximum leverage offered: 500:1
- Regulators: FCA, FSA, ASIC, CySEC
- Islamic swap-free account: yes
- Special features offered: Free Equinix NY4 VPS, demo account, MT4 advanced trading toolkit
- Recommended experience level: Average traders
- Best for: automated trading, day trading, scalping, swing trading
Read the full IC Markets review
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.
2. AVAtrade – Best Forex Broker for Beginner Scalpers
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AvaTrade offers low fixed spread of 0,9 pips (EUR/USD), fast trade execution of under 50ms and access to a variety of different trading platforms including the full MetaTrader suite (MT4 and MT5). All platforms allowusers to apply different trading styles including short selling, scalping, hedging, and day trading. Additionally, traders can use Expert Advisors, trading bot scripts, and other trading automation software through the use of AvaTrade’s APIs and MetaMarkets. This makes AvaTrade a great broker for scalping beginners.
AvaTrade Spreads and Commissions
AvaTrade charges low fixed spreads from 0,9 pips ( EUR/USD) and no additional commission on forex CFD trades.
| Broker | AvaTrade | IC Markets | Capital.com | FP Markets | XM |
| EUR/USD | 0,9 pips | 0,3 pips | 0,6 pips | 1,1 pips | 0,0 pips + $3,50 |
| USD/JPY | 1,0 pips | 0,4 pips | 1,2 pips | 1,6 pips | 0,1 pips + $3,50 |
| GBP/USD | 1,5 pips | 0,8 pips | 1,3 pips | 1,9 pips | 0,1 pips + $3,50 |
| AUD/USD | 1,1 pips | 0,6 pips | 0,6 pips | 1,3 pips | 0,1 pips +$3,50 |
| Min. Deposit | $100 | $200 | $20 | $100 | $5 |
| Swap Free Account | Yes | Yes | Yes | Yes | Yes |
| Inactivity Fee | Yes | No | No | No | Yes |
| Funding Fee | No | No | No | No | No |
AvaTrade Scalping Account Types
AvaTrade offers 3 main account types: the Retail account, Standard account, and Professional account. All these accounts are great for scalpers, have a free demo option and can be converted to Islamic swap-free accounts. The minimum deposit requirements and leverage conditions differ.
- Professional account – requires a minimum deposit of $500,000 and allows traders to trade all available financial instruments with up to 400:1 leverage.
- Retail and Standard Accounts – requires a minimum deposit of $100 and provides users access to all asset classes, including 55 forex currency pairs and 44 forex options with up to 30:1 leverage.
AvaTrade Account Types and Features
| Features | Retail and Standard Accounts | Professional Accounts | Islamic |
| Minimum Deposit | $100 | $500,000 | $100 |
| Spreads | 0,9 pips, $0 commission | 0,9 pips, $0 commission | 0,9 pips, $0 commission |
| Swaps | Yes | Yes | No |
| Max. Leverage | 30:1 | 400:1 | 30:1 |
AvaTrade Available Assets
AvaTrade enables forex traders access to 55 forex pairs (major, minor, and exotic currency pairs and 44 forex options). All forex trading pairs are available only as CFDs.
AvaTrade Trading Platforms and Scalping Features
AvaTrade’s list of trading platforms includes 8 proprietary platforms, the full MetaTrader suite (MT4 and MT5), and third-party add-ons like TradingView and Trading Central. All AvaTrade’s available trading platforms allow forex traders to use Expert Advisors, other automated trading software, and trading techniques such as scalping, hedging, day trading, and swing trading.
Users have access to scalping features including secured positions with AvaProtect, and Capitalise.ai, which allows them to create, deploy and backtest their own automated forex scalping strategies.
Key Features for Scalping Forex Traders:
- Amount of forex currency pairs: 55 forex pairs (CFDs) and 44 forex options
- Average spread (EUR/USD): 0,9 pips
- Available Trading Platforms: Proprietary, MetaTrader 4, MetaTrader 5,
- Maximum leverage offered: 400;1
- Regulators: ASIC, CySEC, FCA, ADGM, FRSA
- Islamic (swap-free) account: yes
- Special features offered: demo account, social trading, forex options, VPS
- Recommended experience level: Average traders
- Best for: day trading, scalping, swing trading, short selling, hedging
Read the full AvaTrade review
71% of retail CFD accounts lose money
3. Capital.com Review – Best Broker for Algorithmic Trading
Min Deposit: 20 USD/EUR/GBP or 80 AED (bank cards)
Fees: 4.8
Assets available: 4.7
Total Fees:
CFD trading carries risk. Capital.com is regulated by the Securities and Commodities Authority.
Capital.com offers competitive spreads from 0,6 pips (EUR/USD) and allows users to implement automated trading applications (Expert Advisors) through the MT4 platform or by using APIs. With access to 138 forex CFDs and up to 1:500 leverage, this is a great combination for algorithmic scalpers.
Capital.com Spreads and Commissions
Capital.com charges low spreads from 0,6 pips (EUR/USD) on forex CFDs.
They additionally charge forex trading fees in the form of swaps. The broker also charges currency conversion fees whenever users fund their account in a currency other than USD. For this reason, Capital.com’s trading fees are industry average overall.
Capital.com Scalping Account Types
Capital.com users can choose between 4 different account types: Standard, Plus, Premier, and Invest. All account types are available as retail and come with different minimum deposits, maximum leverage ratios, and spreads.
Scalpers should opt for a retail Account, which allows them to trade forex with up to 30:1 leverage on an industry-leading platform. Additionally, Capital.com offers negative balance protection, a patented AI trade bias detection system, and over 70 technical indicators.
Capital.com Available Trading Accounts
| Account Features | Standard | Plus | Premier | Invest |
| Min. Deposit | $20 | $2,500 | $10,000 | $20 |
| Spreads | From 0,6 pips on EUR/USD, $0 commission | From 0,6 pips on EUR/USD, $0 commission | From 0,6 pips on EUR/USD, $0 commission | From 0,6 pips on EUR/USD, $0 commission |
| Webinars & Event Access | No | No | Yes | Yes |
| Max. leverage | Up to 200:1 | Up to 200:1 | Up to 200:1 | Up to 200:1 |
Capital.com Available Assets
Capital.com users have access to over 4,100 financial instruments, including 125 forex pairs, which makes them the broker with the most available CFDs for UAE forex traders.
Capital.com Available Trading Platforms and Scalping Features
Capital.com’s list of trading platforms includes its proprietary WebTrader and trading app and MetaTrader 4. Both trading platforms feature TradingView integration and allow users to connect APIs and make use of Expert Advisors, trading scripts, and other forms of automated trading software.
Capital scalping features include negative balance protection, and eQ, Capital.com’s patented AI trade bias detection system. This system tracks 35 behavioral patterns like overconfidence or loss aversion and provides users with personal feedback and post-trade performance.
Capital.com Forex Trading Apps
Capital.com’s list of forex trading apps include the proprietary Capital.com app, the InvestMate educational app, and the MetaTrader 4 app. All these trading apps include scalping trading features such as: real-time price quotes, dynamic charting features, multiple order types and detailed (level 2) order book information.
Capital.com Key Features for Scalping Forex Traders:
- Amount of forex currency pairs: 125 forex pairs
- Average spread (EUR/USD): 0,6 pips
- Available Trading Platforms: Proprietary, MetaTrader 4, TradingView
- Maximum leverage offered: 30:1
- Regulators: FCA, FSA, ASIC, CySEC and SCA
- Islamic swap-free account: NO
- Micro-lot trading: NO
- Special features offered: demo account, extensive educational app, TradingView integration
- Recommended experience level: Average traders
- Best for: day trading, scalping, swing trading, short selling, hedging
Read the full Capital.com review
CFD trading carries risk. Capital.com is regulated by the Securities and Commodities Authority.
4. FP Markets – Lowest Fee Structure Scalping Broker
Min Deposit: 0
Fees: 5.0
Assets available: 3.1
Total Fees:
FP Markets offers low spreads of 0,0 pips (EUR/USD), access to 63 different forex pairs and a VPS private server for fast trade execution. The broker also offers multiple trading platforms including a proprietary (IRESS WebTrader) platforms and the full MetaTrader suite (4 and 5) which allow implementing different scalping strategies.
FP Markets Spreads and Commissions
FP Markets charges low spreads from 0,0 pips (EUR/USD) on its Raw Spread accounts plus a fixed commission of $3 per lot.
On the Standard MT4 and MT5 accounts, spreads start at 1,1 pips without any commissions added.
| Broker | FP Markets | IC Markets | Eight Cap | Vantage | XM |
| EUR/USD | 0,0 pips | 0,3 pips | 0,06 pips | 0,0 pips | 0,00001 pips |
| USD/JPY | 0,65 pips | 0,4 pips | 0,23 pips | 0,4 pips | 0,015 pips |
| GBP/USD | 0,92 pips | 0,8 pips | 0,73 pips | 0,5 pips | 0,00019 pips |
| AUD/USD | 0,28 pips | 0,6 pips | 0,27 pips | 0,3 pips | 0,00016 pips |
| Min. Deposit | $100 | $200 | $100 | $50 | $5 |
| Swap Free Account | Yes | Yes | No | Yes | Yes |
| Inactivity Fee | No | No | No | No | Yes, $5 per month |
| Funding Fee | No | No | No | No | $15 |
FP Markets Scalping Account Types
FP Markets users can choose between 3 different account types: Standard MT4 – MT5 Accounts, Raw Spread MT4 – MT5 Accounts, and IRESS Accounts. All account types have access to a free demo option and can be changed into an Islamic swap-free forex trading account.
The best trading account for scalpers are the Raw Spread MT4 and MT5 accounts which offer spreads from 0,0 pips using ECN-pricing, provide access to over 60 forex pairs and allow up to 500:1 leverage. Additionally, traders can use Expert Advisors and the broker provides them with a free virtual private server to significantly reduce order execution speeds.
- Raw MT4 – MT5 Account is the scalping account that charges spreads of 0,0 pips (EUR/USD) and a fixed commission of $3 per lot.
- Standard MT4 – MT5 Accounts – is the basic account type that allows traders access to all asset classes, including forex pairs, with up to 500:1 leverage.
- IRESS Accounts – offer traders access to 10,000+ financial instruments, including 63 different forex pairs with up to 500:1 leverage, multiple order types, and risk management tools.
FP Markets Account Types and Features
| Features | Standard MT4 & MT5 Accounts | Raw Spread MT 4 and MT 5 Accounts | IRESS Accounts | Islamic Accounts |
| Minimum Deposit | $100 | $100 | $1,000 | $100 |
| Spreads | 1,1 pips, $0 commission | 0,0 pips, $3,00 commission | 1,1 pips, $0 commission | 0,0 pips, $3,00 commission |
| Swaps | Yes | Yes | Yes | No |
| Max. Leverage | 500:1 | 500:1 | 500:1 | 500:1 |
FP Markets Available Assets
FP Markets allows users to trade on 63 forex pairs, including all major, minor, and exotic currency pairs.
FP Markets Trading Platforms and Scalping Features
FP Markets’ list of trading platforms includes the IRESS WebTrader, its mobile trading apps, the full MetaTrader Suite (MT4 and MT5), and third-party add-ons like Autochartist, Trading Central, and Myfxbook Autotrade. Additionally, FP Markets offers social trading features and the possibility to manage multiple trading accounts with its MAM/PAMM management feature.
FP Markets scalping features include access to a dedicated NY4 virtual private server that allows fast order execution, multiple trading accounts, and use countless technical indicators to improve their technical analysis. FP Market users can make use of negative balance protection and flexible leverage up to 500:1.
FP Markets Customer Service
The FP Markets customer service is available 24/7 in multiple languages, including English and Arabic. Users can contact them through email, phone, and live chat.
Key Features for Scalping Forex Traders:
- Great selection of forex currency pairs: 63 forex pairs
- Low average spreads: starting at 0,0 pips on EUR/USD on raw spread accounts
- Multiple trading platforms: MT4, MT5, Web Trader, FP Markets Trading app, Autochartist, Myfxbook
- Islamic swap-free accounts: yes
- Special features: VPS, Autochartist
- Maximum leverage: 30:1 for EU retail traders and 500:1 for professional and institutional traders
- Micro lot trading: yes
- Recommended experience level: average to advanced
- Supported trading strategies: automated trading, short selling, scalping, hedging, swing trading
Read the full FP Markets review
75.31% of retail CFD accounts lose money
5. XM – Best Broker for Research and Education
Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
XM Zero Account offers a low spread of 0,0 pips (EUR/USD) plus a fixed commission of $3,50 combined with great research and education materials. Scalpers who are looking for hand holding can make use of technical summaries, an economic calendar, XM TV, podcasts, live trading sessions, educational videos, forex webinars, and platform tutorials.
Apart from an extensive research and education section, XM offers 11 trading platforms including MetaTrader 4 and 5, and third-party extensions including TradingCentral and MQL5. Users are allowed to use Expert Advisors and other forms of automated trading software.
XM Spreads and Commissions
XM charges low spreads starting at 0,0 pips ( EUR/USD) and a fixed commission of $3,50 on its XM Zero Account.
Standard and Micro account holders pay slightly higher spreads, starting at 1,7 pips (EUR/USD), but no additional commissions.
XM Scalping Account Types
The XM Zero is the scalping account that offers spreads from 0,0 pips (EUR/USD) plus fixed commission of $3,50 per lot. The account also offers access to ECN grade liquidity and fast order execution speeds.
The other XM accounts are:
- The Standard Account – allows traders access to all asset classes, including 57 forex pairs with up to 1,000:1 leverage. Spreads start at 1,7 pips (EUR/USD) with no extra commission charges.
- The Micro Account – allows traders to trade micro-lots of 1,000 unit sizes and has the same functionalities as the Standard accounts. Spreads start at 1,7 pips (EUR/USD) with no extra commission charges.
XM Account Types and Features
| Features | Standard Account | Micro Account | XM Zero Account |
| Minimum Deposit | $5 | $5 | $5 |
| Spreads | 1,7 pips, $0 commission | 1,7 pips, $0 commission | 0,0 pips, $3,50 commission |
| Standard lot size | 100,000 | 1,000 | 100,000 |
| Swaps | Yes | Yes | Yes |
XM Available Assets
XM allows users access to 57 different forex pairs.
XM Available Trading Platforms and Scalping Features
XM’s list of trading platforms includes its proprietary desktop and mobile trading platforms, the full MetaTrader suite (4 & 5), and mac-focused trading platforms. This broad range of available trading platforms makes XM suitable for all sorts of traders, from advanced to beginners.
XM Scalping features include a high limit of 100 lots per order on XM Zero Accounts, flexible leverage from 1:1 to 1000:1, the ability to connect Expert Advisors and cross-trade between multiple XM accounts.
XM Research and Education
XM’s extensive trading and education section provides traders with daily market news, analysis videos, educational blog posts, an economic calendar, technical summaries, and many other news and research sources.
XM Key Features for Forex Traders
- Great selection of forex currency pairs: 57 forex pairs
- Competitive spreads: starting at 0,0 pips on EUR/USD with XM Zero accounts
- Multiple trading platforms: MT4, MT5, XM app
- High maximum leverage: of up to 1,000:1 for professional traders
- Regulated by multiple tier-1 regulators: ASIC, CySEC, FCA, DFSA
- Islamic swap-free account: yes
- Micro lot trading: yes
- Recommended experience level: Average
- Best For: day trading, scalping, swing trading, algorithmic trading, bot integration
Read full XM review
75.59% of retail CFD accounts lose money
How To Selected The Ideal UAE Forex Broker for Scalping?
Criteria to consider to select the ideal broker for scalping in UAE are listed below.
- Spreads and Commissions
- Trading platforms and features for scalping
- Trade executions speeds and reliability
- Market analysis tools (technical analysis tools, economic calendar, real-time market data, advanced charting tools, and risk management tools)
- Support for algorithmic trading
- Availability of forex currency pairs
- Quality of customer support
- UAE availability
The Top Brokers For Scalping Compared
Key features of the highest rated forex brokers for scalping are compared in the table below.
| Broker | IC Markets | Ava Trade | Capital.com | FP Markets | XM |
| Trading Platforms | MT4, MT5, cTrader | MT4, MT5, WebTrader, AvaGo | MT4, TradingView, Captial.com mobile app | MT4, MT5, FP Markets Trading app | MT4, MT5, XM app |
| Minimum Deposit | $200,00 | $100,00 | $20,00 | $0,00 | $5,00 |
| Max leverage | 500:1 | 400:1 | 30:1 | 500:1 | 1000:1 |
| Order Execution | Market | Market | Market | Market | Market |
| No deposit bonus | No | No | No | No | No |
| Swap Free Account | Yes | Yes | No | Yes | Yes |
| ECN Account | Yes | No | No | Yes | Yes |
| ECN Account Comission | $3,00 | – | – | $3,00 | $3,50 |
| ECN Account min spread (in points) | From 0 | – | – | From 0 | From 1 |
| Standard Account | Yes | Yes | Yes | Yes | Yes |
| Standard account min spread (in points) | From 6 | From 6 | From 6 | From 10 | From 10 |
| Cent account | No | No | No | No | Yes |
| VPS | Yes | Yes | No | Yes | Yes |
What is Forex Scalping – Definition
Forex scalping is a trading style referring to ‘’skimming’’ of small profits on trades by opening multiple positions throughout the day. Forex scalping involves trading currency pairs by holding them for a very short time and selling them for a small profit.
Forex scalping trades are placed with the use of signals and other forms of technical analysis charting tools.
What Are The Most Important Factors To Consider When Forex Scalping?
The most important factors to consider when forex scalping are:
- Capital – keep in mind that you need sufficient capital to scalp the forex, because you only make small profits per trade
- Transaction costs – trade forex with a broker that charges low spreads and commissions because the fewer trading fees you pay, the more profit you keep
- Market movers – it is also important to apply short-term trading positions on short timeframe charts to catch highly volatile price moves instead of focusing on long-term price movements
- Strategies – scalpers often trade intraday momentum and reversals and make use of indicators – eventually they come up with their own trading strategy that fits their own personal style
- Trading psychology – Scalpers need to be stress-resistant and able to quickly view pricing information, place orders, and trade larger positions without thinking too low or making any mistakes.
What Is The Difference Between Scalping and Market Making?
While market makers earn the spread, the scalper pays the spread. Market makers sells on the ask price and buy on the bid price and immediately earn profits for ‘’making the market.’’
Whenever scalpers buy at the ask price and sell at the bid price, they have to wait until the market moves enough to cover the spread they paid.
What Are The Best Currency Pairs for Forex Scalping in UAE?
The best currency pairs for forex scalping in the UAE are EUR/USD, GBP/USD, and AUD/USD because they have the highest trading volumes and tightest spreads.
The lower the spread, the fewer pips the pair has to move for the scalper to be profitable.
Advanced forex scalpers may want to scalp minor and exotic currency pairs because they have higher volatility. However, these carry greater risks.
When Is The Best Time for Scalping With Forex?
The best time for scalping forex depends on the currency traded. The best time to trade the GBP is in the first hour of the London trading sessions whilst major currency pairs like the United States Dollar are best trading in the early hours of the New York trading sessions when the currency pairs have the highest trading volume.
Scalping and Leverage – How Are They Connected?
Scalpers require maximum leverage to lower the margin requirements of every trade and increase its profit potential. Because forex scalpers use short-term positions to make many small profits daily, any form of leveraging their positions adds significantly to their profit or loss.
Scalping VS Swing Trading – Do You Need A Different Broker?
While forex scalpers aim to make multiple profitable short-term trades on a daily basis, swing traders keep their positions open up to several weeks, trying to capture medium-term price movements.
Although both strategies rely on technical and fundamental analysis, scalping is more short-term compared to swing trading.
Is Forex Scalping Halal?
Forex scalping is halal when an Islamic swap-free account is used for trading. According to Islamic law, something is ‘’haram’’ when gambling and riba are involved. In forex trading on an Islamic swap-free account, trades are settled at the spot price, and no interest is involved.
Is Forex Scalping Allowed in UAE?
Yes, forex scalping is allowed in the UAE, and the brokers mentioned in this guide all allow scalping by both retail and institutional traders.
Conclusion
With the numerous online brokers in UAE, comparing and evaluating their service to find the ideal option is difficult and time intensive. To make the ideal choice for their needs, traders need to collect relevant data and analyze them, considering a variety of key criteria.
In this guide, we have done the hard work for you by comparing and evaluating the top choices for different preferences. The results of our analysis of the best forex brokers in UAE for scalping are wrapped up in the table below.
| RANK | BROKER | BUSINESS24-7 SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | IC Markets | 4,9/5 | Overall | Official website |
| #2 | AVAtrade | 4,3/5 | Beginners | Official website |
| #3 | FP Markets | 4,1/5 | Algorithmic Trading | Official website |
| #4 | IC Markets | 4,5/5 | Low spreads | Official website |
| #5 | XM | 4,3/5 | Research and Education | Official website |
FAQ
What is the definition of scalping?
Forex scalping is a trading style referring to generating small profits by opening multiple positions throughout the day. Forex scalping involves trading currency pairs by holding them for a very short time and selling them for a small profit.
What type of forex accounts are best suited for scalping?
The best suited forex accounts for scalping are no-dealing desk account including ECN accounts (electronic communications network), DMA accounts (direct market access) and STP accounts ((straight-through processing). These types of account provide the best pricing, together with the most reliable trade execution.
What trading tools should the best scalping brokers and platforms have?
The most common trading tools used by scalpers include technical analysis tools, Level 2 Quotes, economic calendar, real-time market data, charting software, and risk management tools.
What are the most important scalping features to consider when choosing an online broker?
When choosing a forex broker for scalping, trader should look out for low spreads and commissions, fast and reliable trade execution, great technical analysis tools, significant leverage and high liquidity.
Is scalping a trading strategy recommendable for beginners?
Scalping is a trading strategy that requires a high experience and knowledge level of market movement indicators, economical data and analysis insights. It also requires the trader to understand and navigate advance trading tools and manage risk efficiently.
Is MetaTrader good for scalping?
The MetaTrader suite is not among recommended platforms for scalping as trading signals and indicators are often send to the user with delay. Price action systems that not relay on indicators tend to be a better option for scalpers.
Is scalping forex profitable?
Yes, forex scalping has the potential to generate high profits. However, the high volatility, trading with leverage, high frequency of trades and lack of deverzification make scalping highly risky.
Disclaimer
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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.