Best forex brokers in UAE you can trust your money. Choosing a reliable Forex broker is not as easy as it may seem at first glance. There are many companies on the market, but not all provide high-quality service. There are not so many reliable Forex brokers in 2022 out of all this variety.
In this article we will look at the 3 Best Forex Brokers in UAE to date:
Best broker in UAE
AvaTrade UAE
Currently, AvaTrade is a major international broker, officially operating in almost 100 countries around the world. It is not surprising that for several years in a row it has the proud status of best broker in UAE.
Best online broker app
If we talk about the user interface, it is worth noting that the AvaTrade website is full of information and it is quite easy to get lost on it. The mobile version of AvaTrade is currently the best online broker app among investors from the UAE.
Best Forex Broker in UAE
AvaTrade UAE offers a wide range of financial instruments: more than 50 currency pairs, more than 100 CFDs on stocks and funds, commodities, cryptocurrencies, indices, and forex options. It is because of such a rich selection of options for trading AvaTrade is often recognized as the Best Forex Broker in UAE.
Best online brokers in Europe
As for spreads, they are hardly minimal. So the spread on the GBPUSD currency pair averages about 2 p., on the GBPNZD cross is more than six p. The minimum deposit is $ 100, the maximum leverage is 1 to 400 for currency pairs and indices, and 1 to 200 for commodities.
AvaTrade’s customer support service meets the high standards of the best online brokers in Europe: it works around the clock on working days. The client can ask a question in an online chat, by phone, or by email.
Best broker in Dubai
Best online trading apps in the UAE
This broker is in no way inferior to AvaTrade – the best broker in Dubai and other UAE cities. HYCM has a website with a well-thought-out interface: the main page provides basic information about the company and trading conditions, and conveniently monitors current prices in the main markets. Professional traders also note the mobile solution from HYCM, often calling it one of the best online trading app in UAE.
You can top up your deposit in HYCM using bank transfer, Visa, MasterCard, WebMoney, Neteller, and Skrill electronic payment systems. The broker does not charge a commission for deposit replenishment. Withdrawal of funds via Visa, WebMoney, Neteller, and Skrill without commission. Withdrawing funds by bank transfer for less than $300 will cost $30.
The minimum amount to open a trading account is $100. The broker offers three types of trading accounts: Fixed, Classic, and RAW. There is an opportunity to trade more than 100 financial instruments: more than 40 currency pairs, various CFDs on indices, commodities, stocks, cryptocurrencies, and precious metals. Leverage up to 1:200. The spread on the “Fixed” account is 1.8, on the “Classic” account – 1.2, on the RAW account – 0.2 + $4 commission.
Best Forex Broker in UAE
eToro.
eToro is currently one of the Best Forex Brokers in UAE. This service is known among investors primarily as the best broker platform for social trading with the ability to copy transactions of successful traders from around the world.
Money input and output operations are possible by bank transfer, transfer from payment cards, using electronic payment systems (PayPal, Skrill, Neteller), and using the Giropay payment system. The minimum payment for a bank transfer is $ 500, for electronic payment systems – $ 50. The first minimum deposit is at least $200. For each withdrawal of funds, eToro charges a commission of $ 5, in addition, the client will have to pay for conversion services if the withdrawal of funds is not carried out in US dollars.
Best brokers App
eToro on best brokers app offers its clients a wide range of financial tools: 47 currency pairs, stocks, CFDs on stocks, CFDs on commodity assets, ETF funds, CFDs on stock indices and cryptocurrencies.
Spreads in eToro are quite large: for example, the spread on ESDUSD is 3 points, on GBPUSD – 4 points. Scalping and arbitrage enthusiasts are not welcome at eToro: scalping is expressly prohibited by the company’s regulatory documents (clause 7.3 of the Terms and Conditions).
Best brokers app review
The company reserves the right to interfere in the execution of orders, review previously opened transactions and, finally, simply close the client’s account. You can find more information on this in our article on the best brokers app review theme.