IG Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
IG - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC.
Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.
IG Markets has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.
More than 17,000 financial markets are available via IG's global network of
240,000 traders, which was established in 1974. Spread betting and CFDs are
available to novice and professional traders alike at this CFD and FX company.
It's also possible to invest in hundreds of ETFs and stock options, or to have an IG professional trader manage a wealth portfolio for you. Spread betting and CFDs provide a way for short-term investors to improve their buying power by using leverage. As CFDs and spread betting are derivatives, the market's prices may be speculated on without the risk of actually owning the underlying asset.
With IG, long-term trading can also be done with traditional investments. For as little as £3 on shares listed on the London Stock Exchange, you may buy and sell an enormous number of foreign equities using IG's share trading service. With IG Smart Portfolios, you can choose a diversified and managed portfolio that is tailored to your trading style and risk appetite.
IG is regulated by the UK's Financial Conduct Authority and customer money are stored in segregated bank accounts under trustee arrangements. Barclays and Lloyds are only two of the many credit-worthy corporate banks where IG maintains separate bank accounts. The Financial Services Compensation Scheme (FSCS) may reimburse you up to £85,000 if you lose money or assets (FSCS).
To access a wide range of major, exotic, and minor currency pairings with competitive spreads and leverage up to 30:1, you may trade forex using CFDs and spread bets. An important distinction to keep in mind when it comes to trading expenses is that they are included in the spread. IG's spreads are among of the lowest in the industry. The EUR/USD currency pair, for instance, has a minimum spread of 0.6 pips.
As the biggest financial market, the forex market serves as a venue for the trading of fiat currencies. $6.6 trillion is traded per day in the forex market, according to the 2019 Triennial Central Bank Survey of Fx and OTC derivatives markets.
If you're interested in trading the pound against the dollar or the euro or the yen, you may do it with IG. Market-leading spreads are a major selling point for IG, as it attracts to new traders searching for a low-cost trading platform. With a minimum spread of only 0.6 pips and leverage of up to 30:1 you may trade the EUR/USD FX pair.
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Many overseas shares are available for IG customers, who may also benefit from extended trading hours. When using IG, how do you purchase and sell shares of foreign stocks? Investing in stocks online may be done in one of two ways. When using the IG share dealing service, you can either speculate on the price fluctuations of the underlying equities or you may actually invest in shares.
Leveraged trading tactics such as stock CFDs and spread betting allow you to obtain exposure to shares while only paying a fraction of the cost. Leverage boosts earnings, but it also raises the stakes if anything goes wrong. It is possible to speculate on rising and falling markets using spread betting and CFDs, but you never have to own the underlying asset.
By using IG's share trading service, you may invest in well-known companies with the intention of eventually cashing out. Investing in shares without leverage means that you own the underlying asset, which means that you are entitled to dividends and shareholder rights.
Stock exchange indices like the FTSE 100 and the NASDAQ 100 measure and monitor the performance of a collection of stocks listed on such exchanges. Because there are no underlying physical assets to trade, indices are traded via financial derivatives like contracts for differences and spread bets.
The following are the main advantages of index trading:
By gambling on the price swings of a basket of shares, it is cheaper to diversify your investing portfolio than to purchase and sell individual shares.
One transaction might provide exposure to the whole economy or a specific industry.
If you are short many companies in an index, you may want to consider taking a long position in the index to protect yourself from any price increases. Your position will profit if the index rises, which will offset some of the losses on short stock holdings.
IG offers narrow spreads as low as 1 pip on key indexes such the FTSE 100, the German 30 index, the Japan 225 index, and the S&P 500 index.
It is possible to speculate on the price of raw physical resources such as precious metals and energy using leveraged CFDs and spread bets in commodities trading.
Because it enables you to speculate on financial markets tax-free, spread betting is popular among investors and traders throughout the globe. Positions are opened based on your expectation of price movement in the underlying asset.
Numerous indices, commodities, and currencies may all be spread bet on. There are always buy and sell prices on every given market. Traders who predict an increase in the underlying asset's price will initiate positions at the buy price. Traders who believe the underlying asset's price will decline open positions at the sell price, on the other hand.
The purchase price is higher than the market price, and the sale price is lower by default. The spread is the difference between the selling and buying prices. As a result, traders decide on their bet size, which is the amount of money they'll stake for each unit of price change. You'll get a better return if the market follows your prediction. But if the market goes the other way, you'll lose money.
In addition to energy and base-and-precious metals, IG now allows you to trade agricultural items as well. Spot Gold's typical spread is 0.3 pips, while US Crude Oil's is 2.8 pips.
Additionally, IG customers may trade options, futures trading, spot trading, weekend trading, and more with a single click.
Professional traders are only allowed to trade cryptocurrencies on IG. As a result, sophisticated investors have access to prominent digital assets such as Bitcoin, Ethereum, and Litecoin, to mention a few. To qualify for a professional account, you must meet the following requirements:
To have traded large quantities of leveraged derivatives in the past year.
Own and manage a $500k+ portfolio of financial instruments.
Working in the financial business for at least one year, with knowledge of derivatives trading is necessary for this position.
IG's non-trading costs, such no deposit or withdrawal fees, are cheap. IG's fee structure might be confusing for new traders due to the large number of markets and derivatives trading techniques available.
There are a variety of charge structures for various asset classes, as follows:
Trading commissions apply to CFDs, genuine shares, and options on stocks.
When it comes to stock index CFDs, commodities CFDs, bond CFDs, and forex trading, the trading costs are already integrated into the spreads.
You pay an administrative charge and the trading spread when you use Smart Portfolios.
More than 16,000 worldwide equities and 6,000 ETFs are available to trade on IG's user-friendly platform.
CFDs on stocks and shares are traded at the actual market price and, so, there is no additional IG spread to be added, but a fee is charged every time you start and finish the position.
A percentage of the transaction value is used for most markets, whereas cents per share is used in Canada and the United States.
A detailed description of all the fees and financing rates that apply to your account is sent to you as soon as you create a live trading account with IG.
For stock CFD trading, the commission is calculated by multiplying the whole deal amount by the variable percent of the fee. Depending on the exchange you use, the actual commission rate will vary, but there is always a minimum.
This means that you will pay a 0.10 percent charge if you wish to buy or sell shares of stock on the London Stock Exchange (LSE). This means that the fee for a £30,000 deal is £30. As you can see from the table above, all transactions come with a minimum fee, which means that unless the trade value exceeds $10,000, you will have to pay $10 every trade.
The spreads offered by this CFD and FX broker are among the most competitive in the market. To put it another way, the commission-free CFDs offered by IG make them even more appealing to traders.
Using CFDs on futures for commodities and indices, long-term investors may speculate on price changes over the long run. Long-term trading techniques have the advantage of include overnight financing expenses in the spread. As a result, determining your trade's break-even point is a lot simpler.
In the long run, opening a position in the future is more advantageous. For CFD futures trading on the FTSE 100 index, the minimum spread for trading CFDs is 4 pips, and for CFD Spot Gold futures, the contract spread is 0.6%.
When determining your trading expenses, don't forget to account for the fact that spreads might shift during regular trading hours due to market price fluctuations.
Before you register an account with IG, there are a few non-trading expenses to consider.
If your cash CFD transactions are open after 10 p.m. GMT, you will be charged an overnight funding fee. We may use the example of purchasing 10 contracts of EUR?USD with a spread of 0.6% for one night on Wednesday as an illustration of what we're discussing.
Due to the way forex transactions are settled, you'll have to pay to keep your position open for three nights instead of one, as trades are settled on a T+2 basis on Wednesdays. On the other hand, you only have to pay the administration charge once.
the following formula is used to compute the overnight financing charge at IG: Trade amount multiplied by the number of nights held * (tom-next rate plus the yearly admin charge of 0.8 percent) Conversion fees of 0.5 percent are a consideration when making dollar transactions, so keep that in mind.
After two years of inactivity, you are charged a price of £12 each month.
The top-rated third-party service, ProRealTime, charges a monthly membership fee of £30 to utilise their sophisticated charts.
For Visa and Mastercard, you'll be charged a fee of 1%, whereas the fee for American Express is just 0.50%.
IG's online trading platform is simple to use and can be tailored to your specific trading needs. You may customise the user interface to meet your own trading requirements. There are several markets, watchlists, positions, orders, trading history, and more on the left-hand side of the page.
Set price alerts and other indicators with a simple click of a button in addition to price notifications. Autochartist, a third-party source of trading signals, is another option.
There are alerts and tweets from famous financial news agencies including Bloomberg, CNBC, City A.M., CoinDesk DailyFX IGSquawk and more on the right-hand side of the trading interface.
Intuitive search feature populates relevant instruments with a preview of Sell, Buy, Change, and % change stats.
As a new trader with little expertise, IG is a suitable choice because of the abundance of training materials it offers, such as seminars, webinars, special reports, and even podcasts. IG may be regarded a trading encyclopaedia if you want to learn how to trade online and create a comprehensive understanding of investment.
Traders who are just starting out and want to get into the financial markets quickly might use the online trading platform. With the stroke of a button, you may instantly access your selected market after opening an account and depositing cash.
User-friendly and well-designed interface on the main dashboard In addition to a large selection of helpful resources like trading signals, it provides tremendous customizability so you can quickly monitor and manage your portfolio in real-time.
The Analyze and Learn link on ig.com's home page will take you to a slew of educational and analytical tools and resources.
Our IG review found that the department of education and analysis is one of the most comprehensive in the financial sector currently available. You may learn a lot about trading strategies from more experienced investors by listening to podcasts, attending seminars, or participating in webinars.
We felt that the IG online trading platform's charting experience was quite simple and gives all the functionality necessary to meet the bulk of your trading objectives.
By pressing the alert tab on the trading window and selecting the specific criteria for the alerts, you may set price change, price level, and indicator alerts. A left-side menu option called "Alert Management" lets you access and manage all of your stored notifications.
Three major divisions exist inside IG: CFDs, spread betting, and stock trading. There are a variety of trading account options available at this CFD and FX broker.
Customers in the United Kingdom may only open an IG share trading account. ETFs, ordinary stocks, mutual funds, and investment trusts are all available via the share dealing account. You may purchase and sell stocks and other financial products with a share dealing account. CFD derivative trading, on the other hand, does not give you ownership of the underlying asset, and hence does not provide you shareholder rights such as dividends.
With IG, there is no minimum deposit required to start a CFD account. In order to begin trading, you just need a few minutes to deposit money into your brokerage account, and then you may begin trading immediately.
Stop orders and automatic price alerts are only two ways that you may limit your exposure while trading CFDs with IG. In addition, novice traders may practise their trading techniques and familiarise themselves with the paper trading account before making real money transactions.
With a CFD account, margin trading begins at 0.25 percent for forex trading and 5% percent for stocks and indices, respectively.
If you're interested in speculating on increasing and falling financial market prices, spread betting is an excellent way to do it. It is a common technique in the United Kingdom due to the fact that earnings are not subject to taxation.
More than 17,000 markets are available via a spread betting account, and you may trade without paying capital gains or stamp duty taxes, as well as take advantage of long and short trading possibilities and initiate trades on leverage with a spread betting account.
There is an IG mobile trading app available for all major smartphone and tablet platforms, including iOS and Android. In our investigation, we discovered that the software is straightforward to use on both mobile and desktop platforms.
There are a range of techniques available to help you control risk, including trailing stop orders and guaranteed stop orders.
It is possible to analyse the markets with 30 different technical indicators using the IG trading app's full-screen customizable charts. The biggest advantage of using a mobile trading app is that you may trade from any location. When you're on the go, IG provides real-time pricing and market data so you can trade with confidence.
With a simple click of a button, you can establish price alerts for any market and get them instantly through email, text message, or push notification. Using the economic calendar, you can also set up notifications for major market occurrences. You may also obtain buy and sell indications that you can act on.
GTC and GTD orders, points via currency and partial fills as well as the ability to remember prior stake sizes and stop distances for a more streamlined dealing experience are just some of the sophisticated features of the mobile trading software.
Make sure any credit card, debit card, PayPal or bank account in your name when depositing money into your IG trading accounts because the broker does not accept payments from other parties.
A debit/credit card, PayPal, or a bank account may be used to deposit money into a trading account. Instant credit is given to your account when you use a credit card, debit card, or PayPal to make a deposit. Bank transfers, on the other hand, might take up to three business days to complete. Adding your account ID and legal name as a reference to the payment is also necessary.
With a debit card, as we have already said, depositing is completely free. However, Visa and Mastercard charge a 1% and a 0.50% deposit fee, respectively.
When you introduce friends to Instagram, you may earn up to $10,000 in compensation. Within three months of creating a live trading account, if your referral makes five qualified transactions, you might get $100 in compensation. In addition, if your buddy's spreads and commissions total $2,000, you and your friend might both get an extra $1,900 incentive. So, with only a few friends, you might be earning $10,000.
You may begin making recommendations now by logging into your My IG account, going to the settings page, and selecting the option to suggest a friend. Your unique referral link may then be used to encourage your friends to sign up for an IG account and begin trading with you.
Customer service at IG is available 24 hours a day, seven days a week, by email, phone, and Live Chat, from 8 a.m. Saturday to 10 p.m. Friday GMT. IG's trade support staff may also be reached through Twitter at @IGClientHelp. Monday through Friday, a member of the Trading Services group may be reached 24 hours a day.
In order to carry out investment and digital asset activity, IG International Limited, a Bermuda Monetary Authority-licensed company, offers CFD accounts.
The Financial Conduct Authority of the United Kingdom, the Commodity Futures Trading Commission and the National Futures Association in the United States, the Australian Securities and Investments Commission, the Bermuda Monetary Authority, and the Financial Services Authority of Japan all have authority over IG and oversee its operations.
CFD and FX spot trading customers in the EU may now benefit from IG's negative balance protection. There are separate accounts for each customer's money, which are stored in licenced institutions. If a broker goes bankrupt, the Financial Conduct Authority will cover up to £85,000 in losses for UK consumers.
It is necessary to submit certain personal information such as your complete legal name and address as well as your date of birth and your National Insurance number after you have selected between a share dealing account or CFD trading account or a spread betting account as your preferred trading method.
In the event that you choose for a spread betting or CFD account, you will be quizzed on your trading background and familiarity with derivatives. This is a test to see if you're ready to trade on margin.
You will be needed to submit a copy of your passport and a current utility bill in order to validate your identity and residence.
Next, you'll need to fund your trading account with money. IG accepts debit cards, credit cards, PayPal, and bank transfers as payment methods.
Open the IG mobile trading app, choose the account you wish to deposit money into, then touch on add funds to select your chosen payment method. Alternatively, you may use the IG desktop trading platform.
To trade on any of the supported trading platforms, such as the mobile trading app, MetaTrader 4, or IG's own web-based trading platform, you must first deposit cash into your trading account.
To make a deal on the online platform, all you have to do is search for your selected asset and click on it. Adding a chart and other valuable data to a trading window will achieve this. Specify the amount of money you want to invest in a transaction, choose an order type, and then click the "Place Deal" button on the right side of the trading window.
Most novice traders looking for a broker to trade CFD derivatives as well as regular stock trading will find IG an excellent choice. The online and mobile interfaces of the CFD broker are simple to use and provide commission-free trading as well as attractive spreads. eToro, on the other hand, came out on top in our IG broker evaluation.
With market-leading spreads as low as 1 pip for key currency pairings like the EUR/USD, eToro provides commission-free ETF, stock, and FX trading. In addition to trading CFD derivatives, you can also copy the trading strategies of other investors using the copy trading toolkit in your live trading account.
One of the largest CFD brokers worldwide, IG was founded in the UK in 1974. IG has been regulated by a number of the world's most prestigious authorities, including the UK's FCA and Germany's BaFin (federal financial supervisory authority). On top of all that, it has been listed on the London Stock Exchange and is widely regarded as one of Europe's most well-liked CFD platforms. This firm has lately increased its activities in the United States, and it provides a large selection of foreign exchange assets for consumers who are interested in FX trading. We chose to do an IG review because of its popularity and ability to meet the demands of traders and see whether it is a good match for online trading. Let's take a closer look at the IG broker evaluation.
The web-based trading platform developed by IG is particularly user-friendly. It also provides Metatrader 4, a worldwide trading platform for Forex and stocks. To assist traders employ sophisticated charting methods, IG provides a mobile trading app. In addition, it is accessible through cellphones, the web, and tablets. ” To use Metatrader 4, you'll need to install it on your computer.
A variety of online sites may be dragged and dropped into a window, which can be customised to the trader's liking. They may keep different workspaces as well as charts, tables, and news.
Basic online trading platforms are available to both professional and novice traders at the IG, which makes it a good option for both novice and experienced investors alike. A few of the tools, such as PIA First and Autochartist, are really helpful.
Advanced charting tool Autochartist may be described as a technical analysis research and trading opportunity identification tool.
The trading sidebar includes an economic calendar and market news that traders may rapidly access. One click access to the platform's supported currencies is also available.
The trader may personalise the charts by utilising numerous indicators and sketching tools by viewing the chart. Although the trader doesn't have to shut the chart, they may buy or sell with the press of a button.
An investor has the option of using a white or a dark background on a variety of applications and websites. This is a lifesaver for traders who work long hours and need a way to rest their eyes. Traders may simply visit the website by utilising both forms of transportation..
IG broker's customer care is accessible from 8 a.m. to 10 p.m. Saturday through Friday through a toll-free phone line. Customer service may be contacted by live chat, social media, email, and there is also a FAQ area where traders can get solutions to their queries. Customers from all around the globe may get help from the company's online support staff, which is accessible in many languages. In addition, this broker has satellite offices to serve some of the licenced activities in other countries and plans to expand its reach even further.
Our final conclusion is that IG is an excellent platform for traders who wish to trade in both Forex and stock markets throughout the world. New, intermediate, and experienced traders may learn about the trading platform before they begin real trading with a licenced and transparent broker. A sample account, a dedicated customer care team, and many educational resources are just a few of the broker's impressive offerings. Investors having an IG account may choose from a variety of platforms provided by this broker. Furthermore, before engaging in Forex trading, the trader should exercise prudence, do research, and study the market.
The IG platform allows traders to choose from a variety of options. With IG, traders of all levels of experience may benefit from quicker and more efficient methods of trading. This broker has a few trading platforms listed below.
CFD trading may be done on this platform by anybody who wants to do it online. Accounts may be managed, payments made, credit cards registered, money deposited or withdrawn, and more. Browser-based research resources like the economic calendar, finest forex tips and live streaming news are also available.
Because to the platform's introduction of a progressive web app (PWA), worldwide traders now have access to a trading interface that works on any device without the need to visit an external app store. By reducing delays, the progressive web app helps traders obtain some of the most critical trading information fast and easily.
Users of Android and iPhone smartphones and tablets may now trade on the IG mobile and tablet platform. The web-based interface also works well for CFD trading, and traders may access research and monitoring tools there. The mobile charts may be seen at any time utilising the platform.
One of the most popular third-party trading platforms, MetaTrader 4, may be used to trade CFDs and automated trading tools and sophisticated analysis. You may trade in Forex, stocks, precious metals, indexes, and a plethora of other financial instruments using this software, which is available for free download.
Flexible access, comprehensive analytical resources, and strong monitoring capabilities make ProRealTime one of the most popular web-based charting programmes. Technical chart users will appreciate the ProRealTime package, which is provided free of charge to traders who trade CFDs at least four times each month.
IG offers a free platform that can be downloaded and used to trade FX, stocks, and CFDs directly on the market. Monitors such as price alerts, orders, and watch lists assist them. The traders may begin trading with the use of technical charts and keep an eye on the market fluctuations right at their fingertips.
By providing a user-friendly trading platform and a mobile app, IG has maintained its position as one of the most popular and well-known online brokers. The desktop platform and its compatibilities are mirrored in this app, making it simple to understand and use. The IG mobile app does not offer two-factor authentication or touch ID, which is a huge downside. Traders of all levels may benefit from the mobile app.
Risk management tools offered by the IG platform vary depending on the type of organisation. Negative balance protection is supplied to UK and European merchants as the default. As a result, all traders have the option of a pre-determined stop-loss level.
Users of IG markets may take advantage of free in-person seminars delivered through live webinars. As an added bonus, the IG Academy app provides information on the I G index as well as how to profit from changes in the financial markets through Forex, shares, commodities, and other financial instruments. As well as providing tools for risk management and trade plan development, the mobile trading software also teaches concepts like leverage.
Forex education is available online via IG academy. To help novice traders get their feet wet in the financial markets, the IG school provides a variety of introductory and advanced risk management courses.
For traders of all levels, IG Trade offers live webinars that include comprehensive educational materials, data, and tools. All account holders get access to it for free. MACD trade methods, trading masterclass, and the best ways to utilise the IG trading platform are just a few of the many subjects that will be covered in upcoming webinars.
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There are a number of articles on the IG native news feed on recent developments in the world of trading charts and technical indicators.
All instructional resources are available to IG traders for free, according to our IG review. Just log in to your account and take use of the educational materials available.
YouTube channels and playlists allow Instagram to deliver numerous seminars each week. Live educational seminars are offered by IG's staff, including technical analysis masterclasses and others. Traders of all levels may benefit from webinars conducted by the company, which provide them with a variety of sophisticated trading ideas.
In addition to the IG community, this broker offers instructional material from the IG team. It's not uncommon for traders to share their own mistakes and successes in trading.
Is IG a good stockbroker?? InvestorGuide (IG) is an established and well-regulated broker that is a member of the National Futures Association (NFA). Numerous honours have been bestowed on this company as a result of the quality of the services it provides to its customers.
What is the cost of a transaction with IG? According to our IG evaluations, registering for an IG account is absolutely free, and their fees are reasonable. 0.4 pips for key currency pairings like EUR/USD, 0.8 pips for main ig index, and 0.1 pips for spot gold are the starting points for spreads.
Do you know the sort of broker that Ig is? As one of the most popular online brokers, IG markets provides a large choice of trading instruments and minimal transaction costs as well as easy interfaces and a wide range of shares to choose from.
Is there a minimum deposit requirement for the IG platform? If they use a credit card, traders may deposit a minimum of $300 or the equivalent in several currencies. After the money has been completed, the total will be shown on the payment screen.
Is IG Forex a broker? Yes, the market maker model is the most common method of implementation. DMA is accessible for a limited number of assets.
Learn more about online trading brokers for UAE citizens and residents.
Sites like IG Markets in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- Gulfbrokers ae - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulfbrokers AE Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.