26 Best CBUAE Forex Brokers – (Reviewed) 2025

In order to be ensured of a satisfactory trading experience in the United Arab Emirates (UAE), it is very important to open an account with a regulated CBUAE broker. In this list of the 26 best CBUAE Regulated Forex Brokers you will be able to protect yourself by choosing a regulated broker.

What is a CBUAE regulated broker?

The United Arab Emirates is a wealthy country due to its oil reserves and holds a lot of potential in the international financial markets.

To prevent any fraudulent activity and for it to be a safe environment for investors and brokers to operate in, rules and regulations needed to be put in place by a regulatory body.

The Central Bank of the United Arab Emirates governs all seven Emirates that make up the UAE. The CBUAE has created rules and a code of conduct that is standard practice for all regulated members.

The Central Bank of the UAE is responsible for money market transactions as well as regulating any business intermediating in the sale and purchase of domestic and foreign stocks, commodities, bonds and currencies. It is the final authority on all aspects relating to governing and supervising financial firms operating in the country.

A CBUAE regulated broker is licensed to act as an intermediary to market and sell foreign and local shares along with financial instruments and to earn commission from these dealings.

They are allowed to offer CFD products such as Forex, commodities, and other OTCs as per the CBUAE guidelines and as the UAE follows the religion Islam, they are required to follow the Sharia laws of trading.

A regulated broker is required to keep a client’s funds in a segregated account, meaning that there is no relationship between the client’s account and the company’s account. The client’s money cannot be used for the operational costs of the firm. Should a firm become bankrupt, the client’s money won’t be used to repay the firm’s debts.

This is list is not a ranking, but rather a full list of brokers to investigate and choose from.

Alpari

In 1996 Alpari was opened and today it is a large participant in the Forex industry. Its main office is in Mauritius

Alpari is licensed and regulated by the SVG FSC (Financial Services Authority) in Mauritius, by the FCA (Financial Conduct Authority) in the UK and by the IFSC (International Financial Services Commission) in Belize

Alpari has 2 million active clients across 150 countries. Alpari provides a wide range of services like guidance, advice and educational material for advanced and beginner traders.

The company offers software for both mobile and desktop devices and users are offered the option of opening a demo account or can dive right in with a live one.

Alpari offers Islamic swap free accounts with a minimum commission of $3 per 1 lot.

Features

• Easy analysis tools of the market
• Forex quotes are tracked in real time
• Official central bank rates
• Expert analysis

Pros and Cons

FXTM

FXTM was founded in 2011 and is well known among traders all over the world.

When it opened it intended to provide its clients with technologically advanced trading platforms. This broker has been able to meet the needs of all types of traders, advanced and beginners.

FXTM is constantly striving to improve with new market inventions and exciting offers for traders.

FXTM is regulated by different watchdogs around the world and is managed by different companies in different countries. Regulation bodies FXTM has licenses with are CySEC, FSCA, FCA.

FXTM offers Muslims the option to open an Islamic swap free account. It can only be opened on their MT4 platform and the Islamic trading conditions don’t apply to exotic currency pairs.

Features

• Accounts to suit all traders
• Trade execution is fast
• Education courses and guides free
• 5000 + traders to discuss ideas with

Pros and Cons

FP Markets

FP Markets was established in 2005. It is an Australian brokerage company regulated by the ASIC. The ASIC license, and regulation, provides a safe trading environment for traders.

The Australian broker has also received a CySEC license that allows European clients to trade freely.

The FP Markets head office is in Sydney Australia and the broker serves over 12 000 clients worldwide. It delivers access to trade 13000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies and Equity CFDs that are offering competitive spreads and flexible leverage throughout one account.

VPS hosting, extremely fast execution speed and a no dealing desk (NDD) execution model create ideal trading conditions for automated trading solutions.

The swap-free account option is available on their Raw and Standard account types on both MT4 and MT5 platforms.

Features

• Investor fees are free
• No additional fee for telephone trades
• Delayed data to all markets is free

Pros and Cons

XM Group

The XM Group has a large client base of over 3 500 000 globally. The group is highly regulated by CySEC in Cyprus, ASIC in Australia and FCA in the UK. This provides for a safe environment to trade.

It also supports over 30 languages and has a customer care line open 24 hours five days a week.

The XM website has a number of trading options including foreign currencies, commodity, stocks, precious materials etc. They provide 100 financial instruments with numerous currency options.

Muslim traders can open an Islamic account with XM. With this account there is no swap or rollover interest on overnight positions.

Features

• XM platforms include: MetaTrader4, MetaTrader 5 & their own WebTrader Platform
• XM’s platforms offer advanced charting package
• XM withdrawal requests are processed in 24 hours

Pros and Cons

AvaTrade

AvaTrade was founded in 2006 and is one of the oldest online brokerages with a reputation for reliability. The company is regulated on 5 continents and has regional offices/sales centres in Paris, Dublin, Milan, Tokyo and Sydney with its administrative headquarters in Dublin, Ireland.

AvaTrade is regulated by the Central Bank of Ireland, in Europe, the British Virgin Islands, ASIC (in Australia), FSA (Japan), Abu Dhabi and FSB (South Africa).

AvaTrade has been awarded the following awards:“Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider” and “Best Forex Broker YEAR”

The company currently has 200 000 customers worldwide and does about two million trades every month.

With AvaTrade Muslim clients can open an Islamic account.

Features

• Advanced trading tools
• Daily exclusive analysis

Pros and Cons

Go Markets

Go Markets was founded in Australia in 2006 and is regulated by the Australian watchdog ASIC. Its head office is in Melbourne, Australia.

This allows for a safe trading environment. All clients’ accounts are in separate trust accounts at top rated banks.

With Go Markets traders can trade on 350+ financial CFD instruments covering Forex, Shares, Indices, Metals and Commodities.

There are 2 main account types, the standard account which is commission-free trading with spreads from 1 pip and the GoPlus Account which is commission-based with spreads from 0 pips.

The broker offers a large amount of educational resources through the Go Trading Academy.

Features

• Segregated accounts for clients
• Autochartist and Trading central trading and analysis tools available
• Tight spreads
• 350+ financial instruments

Pros and Cons

Exness

The Exness Group was created in 2008 and comprises two entities. Exness UK is regulated the Financial Conduct Authority (FCA) in the UK and Exness CY is regulated by Cyprus Securities and Exchange Commission.

Both these authorities allow the broker to do business all over Europe and the Middle East.

All Muslim clients can open Islamic accounts to comply with the rules of their faith.

The broker offers Forex traders access to more than 120 financial instruments including Crypto, Forex, Stocks and Indices.

Their web platform can be viewed in 23 different languages and their support personnel can engage with you in as many as thirteen languages

Features

• Ability to use unlimited leverage
• Spreads are low
• Copy trading system
• No trading commissions
• Segregated accounts for clients
• Investor compensation scheme

• Instant withdrawals
• 0% hedging margin

Pros and Cons

HotForex

HotForex was voted as the Best Online Broker for Asia in 2012. HotForex is located and registered in Mauritius. It is a safe platform to trade as it has licenses from a few top tier regulatory bodies namely: CySEC in Cyprus, DFSA in Dubai, FSA in the Seychelles, the FCA in the UK and the FSC in Mauritius.

HotForex is a Forex and Commodities broker with the intention to assist with an easy process for both retail and institutional clients.

HotForex has more than 2 000 000 live accounts and more than 200 employees working in their offices around the world.

All Muslim clients are able to open Islamic accounts

Features

• Credit bonus – 100%
• Supercharged bonus – 100%
• Rescue bonus – 30%
• Can trade CFDs on Forex, Indices & Commodities & more
• Promotions are ongoing
• Account funding is free
• Performance based competitions
• Award winning affiliate program

Pros and Cons

FBS

Financial Brokerage Services (FBS) is regulated by the IFSC in Belize. It has 15 000 000 traders and 410 000 partners and is present in 190 countries worldwide.

In addition to the IFSC regulation FBS now has the CySEC license making it a Cyprus broker meaning it can also operate throughout Europe.

It also operates in the Middle East and offers Muslim clients the opportunity to open an Islamic account.

Features

• Low minimum deposit
• Maximum leverage 1:3000
• Five types of accounts
• Spreads start from 0 pip
• ECN account available
• Full range of payment options
• Trading instruments include 32 currencies and two metals
• Popular trading platforms

Pros and Cons

Plus500

Plus500 CFD platform is a very user-friendly platform but is suitable for experienced traders only. CFD’s are complex financial products to trade with and are not meant for beginner traders.

Plus500 is a leading supplier of CFDs delivering trading facilities on shares, Forex, commodities, cryptocurrencies, ETFs, options and indices. The company boasts innovative technology.

Plus500 is regulated by ASIC in Australia and the FMA in New Zealand and offers Islamic accounts to Muslim clients.

Features

• 2000+ instruments
• Segregated accounts
• Leading provider of CFDs
• Innovative technology
• Resource tools available
• 24/7 customer support

Pros and Cons

Tickmill

Tickmill was established in 2014 and is a low-cost global Forex and CFD broker.

It is a safe broker to trade with due to it being regulated by the FCA in the UK, CySEC in Cyprus and FSA in

To open a Tickmill trading account is a simple process. There are a lot of free deposit and withdrawal options and the fees for Forex and CFD are low.

Muslim clients have the option of opening an Islamic swap free account.

Tickmill is recommended to clients who prefer trading on MetaTrader trading platforms and who are interested in CFD and Forex trading.

Features

• A number of excellent trading tools
• Trade 80+ spreads as low as 0.0 pips
• Educational resources are good
• Trading instruments: Forex, Stocks, Indices and Oil, Precious Metals and Bonds
• Competitive commission-based pricing for professionals
• 4 types of accounts
• Demo account available
• Islamic account available

Pros and Cons

Markets.com

Markets.com opened in 2010 and is a global Forex broker. They are regulated across five jurisdictions and offer more than 2200 assets from three trading platforms.

Markets.com is a binary options platform.

They are regulated by the FCA in the UK, CySEC in Cyprus and the ASIC in Australia. These 3 regulatory bodies ensure a safe trading environment for any trader.

The CySEC license means that they are subject to the Financial Instruments Directive of MIFID II and the EU’s 4^th Anti-Money Laundering Directive. Both directives mandate participation in the Investor Compensation Fund (CIF) with a maximum coverage of 20 000 pounds.

This broker offers its Muslim clients access to opening Islamic accounts.

Features

• Client funds are segregated
• Negative balance protection
• Excellent trading platforms
• Expert analysis
• Access to advanced trading tools
• Leverage ratios 1:30
• Free demo account
• Large variety of assets

Pros and Cons

XTB

XTB is an online CFD, Crypto and Forex broker. Founded in 2002 it has offices in more than 10 countries with its head office in London and Warsaw.

XTB is a highly regulated company with licenses from the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF), CySEC and IFSC

As a result, XTB is considered low-risk.

They are listed on the Warsaw stock exchange and have 140 000 + clients worldwide trading over 1500 global markets.

It offers negative balance protection for Forex spot and CFD trading for clients from the EU. Non-EU clients are not covered.

Muslim clients can open Islamic accounts.

Features

• 1500+ trading instruments
• Simpler trading platform MetaTrader 4
• Good broker for beginner traders
• User friendly research tools
• Good customer support
• Demo account offered
• Leverage limited to 1:30 inside the EU

Pros and Cons

Pepperstone

Pepperstone is well known for its selection of third-party trading platforms namely MetaTrader suite, cTrader and a selection of copy-trading platforms.’

Pepperstone is regulated by both the ASIC and FCA for retail Forex brokers, which provides you with good assurance that they are a sound broker to deal with.

They are also known as of the biggest Forex brokers due to an average daily trading volume of $5.8 Billion.

Pepperstone provides Forex and CFD traders with pricing that is competitive, excellent customer service, a large selection of third-party platforms including several options for social copy trading.

Their niche offering is for traders who focus on Forex and CFD markets.

In specific Muslim countries Pepperstone offers an Islamic trading account. This broker offers straight-through processing (STP). The account does not pay or receive swaps for Muslim traders.

Features

• Forex and equity index fees low
• Cash rebates daily
• AFCA access
• Offers for VIPs
• No fees on deposits and withdrawals
• No inactive account fee
• No minimum deposit
• Competitive pricing for Forex and CFD traders
• Social copy trading options
• Negative balance protection

Pros and Cons

FXCM

FXCM has been operating for 20+ years and in that time, it has acquired several awards and titles and thousands of traders.

It was opened in 1999 in the UK. It boasts impressive trading platforms and beneficial offerings.

It has licenses from four different countries reassuring that the broker is reputable.

FXCM focuses on traders wanting to start out. Beginner traders can take advantage of the resource tools and education offered.

FXCM offers its Muslim clients the option to open an Islamic account.

Features

• 70+ trading instruments
• 5 top-tier licenses
• Extensive research tools
• Competitive spreads
• Great leverages
• Min initial deposit
• VIP discounts

Pros and Cons

Saxo Bank

Saxo Bank is a leading fintech and regtech specialist broker. Found in 1992 it is highly regulated by top tier regulatory bodies namely the FCA in the UK, DFSA in Dubai, MAS in Singapore, FINMA in Switzerland, ASIC in Australia, FSA in Denmark and the JFSA in Japan.

Saxo Bank connects traders, investors and partners to 35000+ instruments and sets itself apart by building digital platforms to facilitate multi-asset market access. Assets include CFDs, stocks, Forex, ETFs and more.

The broker supplies clients with advanced research tools, industry competitive and leading prices and excellent customer service.

Saxo Bank offers their Muslim clients the option of opening an Islamic account.

Features

• Impressive trading platforms
• Leverage maximum 1:200
• Three account types
• Impressive product portfolio
• Nine different asset classes
• Competitive pricing on trading
• Tight variable spread
• 160+ currency pairs
• 41 binary and vanilla touch options

Pros and Cons

LCG

LCG is regulated by 3 regulatory bodies namely LCG BHS in the Bahamas, FCA in the UK and CySEC in Cyprus.

The broker is a member of the FSCS and the ICF, both providing compensation of up to 85000 pounds per client. Clients in Cyprus are entitled to 20 000 euro compensation from the ICF.

LCG is a reliable broker providing a secure trading environment and competitive, convenient conditions to trade.

For traders who can afford the $10000 minimum deposit, LCG’s LCGTrader (cTrader) ECN account type offers the best pricing. Howeve, trading through MT4 is very expensive.

LCG offers Muslim traders the option of opening an Islamic swap free account.

Features

• 7000+ instruments
• STP and ECN broker
• Impressive offering of Competitive spreads
• Fast execution speeds
• Client segregated accounts

Pros and Cons

easyMarkets

easyMarkets founded in 2001 introduced CFD trading in 2016. It is a solid and reliable broker who can boast impressive operational statistics. The company has also won many awards the latest award being in 2019 – Best Forex Broker – The Forex Expo – Dubai.

easyMarkets is regulated by the CySEC, and as a result also compliant to MiFID II, meaning that client funds are segregated from the business accounts and that in the event of a problem the Investor Compensation Fund (CIF) will compensate the traders with a maximum coverage of 20 000 Euro. A guaranteed stop loss and negative balance protection are also available for clients.

easyMarkets offers their Muslim clients the option of opening an Islamic swap free account.

Features

• Maximum leverage ratio of 1:400
• 3 types of accounts
• 200+ assets across 6 investment classes
• Free deposits and withdrawals
• Excellent customer support 24/5
• Educational resources available
• Research tools

Pros and Cons

OctaFx

OctaFx has the best trading conditions, which is one of the primary reasons why it has grown from strength to strength since its launch in 2011.

It is part of Octa Markets, which is based in Kingston and has a subsidiary in Cyprus namely Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.

Their offering is wide and comprehensive and caters for a number of different traders with varying levels of experience.

OctaFx is an (STP) ECN Forex broker which offers both the MetaTrader and cTrader platforms from where you can access all major currency pairs and commodities with a leverage of 1:500.

Initially OctaFx focused primarily on the Asian market and won several awards for their work in this region, but they have grown significantly and is now in more than 100 countries worldwide.

OctaFx offers their Muslim clients the option of opening an Islamic account.

Features

• Over 300,000+ traders worldwide
• More than 30 FX pairs to trade
• Extensive research and educational resources
• First time deposit bonus of 50%
• Unlimited demo account
• Spreads are the most competitive

Pros and Cons

HYCM

HCYM is a veteran trading platform, being one of the first to be founded back in 1977, so you can’t go wrong with this broker.

They provide different account types to choose from depending on your own Forex trading style: fixed, floating and raw spread accounts.

HYCM is based in the UK and is licensed and regulated by the FCA in the UK, by CySEC in Cyprus, by CIMA in the Cayman Islands and by the DFSA in Dubai.

HYCM allows traders to trade Forex, Indices, Stocks, Cryptocurrencies, EFTs and Commodities.

HYCM offers state-of-the art technology with 100+ financial instruments with which to trade.

HYCM offers traders a choice of three different trading accounts. They also offer free demo trading accounts and Islamic swap-free accounts.

Features

• Client funds kept in segregated accounts
• Their fixed spreads are on par with competitors
• Reasonable minimum deposit
• Offers bonuses

Pros and Cons

IC Markets

IC Markets started out in Australia in 2007 and is considered a safe Forex trading broker due to the fact that it regulated by the top-tier Australian Securities and Investments Commission (ASIC). The broker trades in CFD’s over Forex, Indices, Commodities, Bonds and equity markets in Asia, Europe and the Middle East.

IC Markets offers Muslim clients the option of opening an Islamic account to comply with Sharia law.

Features

• Entrance to financial markets globally
• Contract sizes are flexible
• Hedging on investments
• The ability to speculate in rising and falling markets

Pros and Cons

IQ Option

First founded in 2013, IQ Option has recently expanded its offerings to include CFDs on stocks and ETFs, Forex trading, and the exclusive IQ Option product called Digital Options.

Today the broker has over 40 million members. It is constantly trying to improve its options for the benefit of its clients.

Muslim clients are offered the opportunity to open an Islamic account.

Features

• Personal account manager to each client
• Exclusive training materials
• Each client has personal tutoring
• Withdrawal requests are quickly processed

Pros and Cons

InstaForex

InstaForex has grown since inception in 2007 to become a trustworthy Forex broker with over 3 million traders on its books.

The broker’s focus has always been on developing modern innovative tools for the Forex trader to use when trading.

InstaForex were one of the first brokers to provide PAMM accounts and offer copy/social trading in their ForexCopy system.

It is this focus on investing in leading edge technology and tools that gives them a definite edge over competitors.

Features

• Incentives for introductions to other traders
• Partners are given personal managers
• Strong referral/affiliate program
• Access to affiliate statistics
• Free news feed for traders

Pros and Cons

ThinkMarkets

ThinkMarkets is based in London and was opened in 2010. They have offices worldwide in Europe, Asia-Pacific, Middle East, North Africa, and South America.

They are a multi-asset online brokerage firm regulated by the UK’s FCA and Australia’s regulatory body, ASIC.

For trading purposes ThinkMarkets provides the MT4 and MT5 platform, as well as mobile trading.

ThinkMarkets offers Islamic clients the opportunity to open an Islamic account

Features

• 38 + Forex pairs
• Wide range of cryptos
• Proprietary desktop and mobile platform that is advanced and gives a great alternative to MetaTrader4
• Fast execution of trades
• Trade from the chart
• Daily commentary on the market as well as trading guides
• Best Forex trading experience and innovation – UK Forex Awards 2017

Pros and Cons

BlackBull Markets

BlackBull Markets is registered with the Financial Services Provider Registry (FSPR) in New Zealand. They are also members of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.

BlackBull Markets is an ECN, no dealing desk broker. They provide trades access to trading in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions globally.

It provides traders worldwide a focus on top trading technology and retail clients get access to copy trading via PsyQuation, My FXBook and SwipeStox.

Features

• Leverage levels offered are high
• Spreads are competitive
• Auto Trader copy trading

Pros and Cons

GKFX

GKFX is based in Malta and is regulated by the MFSA (Malta Financial Services Agency).

This fintech company has grown, since it was opened in 2013, to 28 offices worldwide with over 316500 clients and more than 500 million executed trades.

This broker also has the option of Islamic accounts for their Muslim clients.

Features

• Fast trade execution
• Tight spreads
• 600+ instruments
• Offers Autochartist
• Demo account offered
• Segregated accounts

Pros and Cons

Conclusion

The UAE offers traders an excellent environment in which to trade. Select the right broker from this list of 27 best CBUAE Regulated Forex Brokers. Always ensure the broker offers you an excellent package before making an investment. It is vital that you do your homework before investing in the Forex market.