All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

26 Best DFSA Forex Brokers – (Reviewed) 2025

The DFSA stands for Dubai Financial Services Authority. Established in 2004 it is the regulatory control body for Forex Brokers operating in Dubai. Here is a list of the 26 Best DFSA Regulated Forex Brokers.

It is a very strict regulatory body for one of the richest retail trading cities in the world. Dubai is an Islamic city and all Forex brokers are expected to follow the many Sharia laws.

However, considering this, Dubai is still quite easy-going and straightforward, in its approach, by allowing firms and entrepreneurs from around the world to set up their offices in a relatively tax-free community.

There has been a large amount of interest in forex trading, with Dubai investors, and as a result the DFSA, an independent regulatory authority, was set up to be a watchdog over all financial institutions operating in the country.

In Dubai the DFSA operates in conjunction with the DIFC (Dubai International Finance Centre). The DIFC operates in Dubai and is offered by the Dubai Government as an exclusive free economic zone for potential businesses to open with 100% foreign ownership.

In the UAE it is required of all businesses to have a UAE citizen as a majority shareholder. The DIFC enables Dubai to be seen as a business-friendly nation.

Brokers regulated by the DFSA can set up a brokerage by following the regulatory guidelines of the US, the UK or Cyprus. These are the main regulatory agencies with a signed Memorandum of Understanding with the DFSA.

There are also specific trading restrictions compiled in line with Dubai’s religious beliefs like high minimum margin requirements and no SWAPS for Islamic traders.

No broker or brokerage may offer their services to UAE residents without a DFSA license. They can however, operate within the special economic zones in Dubai without a license and this is normally where the investors become victims of fraud and financial scams. All brokers are legally bound to offer extensive assistance to their clients.

The DFSA is a very strict regulatory body and brokers licensed to them are extremely careful to follow the guidelines issued by the respective jurisdictions and the UAE authorities.

This list of the 26 Best DFSA Regulated Forex Brokers is not ranked in any particular order but is rather a comprehensive list of great brokers to choose from.

 

A review about Alpari
 

Alpari

 

Alpari is one of the biggest forex industry brands and has 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.

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

 

Features

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

 

Pros and Cons

Pros Cons
Safe company to trade with – member of NAFD Research tools are limited
All kinds of traders catered for Does not accept clients from USA, Japan, Russia and more
No deposit fees

Educational tools are vast

 

You might also like: BEST REGULATED FOREX BROKERS WITH $5 MINIMUM DEPOSIT

 

A review about FXTM
 

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
  • Fast trade execution
  • Education courses and guides
  • 5000 + traders

 

Pros and Cons

Pros Cons
Extensive education resources Withdrawals can be costly
Telephonic help is great

Trading costs are low

Industry expert seminars and webinars

No deposit fees

No price alerts
   

 

A review of FP Markets
 

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 offers traders more than 13000 instruments to trade with.

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

Pros Cons
Low Forex fees High stock CFD prices
Accounts simple to open Web platform is somewhat outdated
Deposit & withdrawal processes quick
No price manipulation

 

XM.com Review in south africa
 

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.

The website has fantastic customer support with all queries being answered in multiple languages 24/5.

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

  • Platforms MT4, MT5 and XM WebTrader
  • Advanced charting package offered
  • Quick withdrawal requests in 24 hours

 

Pros and Cons

Pros Cons
Trade execution is fast Forex is primary focus
Low spreads from 0 pips EU traders don’t get bonuses
Bonuses are competitive Not available to US traders
$15 minimum deposit
Eleven base currencies to choose from

 

A review about AvaTrade
 

AvaTrade

 

AvaTrade was founded in 2006 and is one of the oldest online brokerages with a reputation for reliability. Their head office is in Dublin, Ireland with sales centers in Dublin, Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, Beijing, Nigeria, Santiago, and Johannesburg.

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).

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

  • Trading tools are advanced
  • Exclusive analysis daily
  • Withdrawals are fast

 

Pros and Cons

Pros Cons
Deposit & withdrawal options are free Only CFDs, forex & cryptos on offer
Research tools are excellent Poor telephonic customer support
Account opening is fast and simple

 

A review of GO Markets
 

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

Pros Cons
Demo account available Fixed spread accounts not available
Forex fees are low Not open to US traders
Execution of trades is quick
Minimum deposit is low compared to

Other institutions

 

A review of Exness
 

Exness

 

Exness has been operating since 2008 and is a leading international CFD/Forex broker.

Exness is made up of two entities namely Exness UK regulated by the FCA (Financial Conduct Authority) and Exness CY (Cyprus Securities and Exchange Commission) regulated by CySEC.

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

Their website is available in 23 different languages and customer support is in 13 languages

 

Features

  • Unlimited leverage
  • Spreads are low
  • Copy trading system
  • No hidden commission fees
  • Segregated accounts for clients
  • Investor compensation scheme
  • Instant withdrawals
  • 0% hedging margin

 

Pros and Cons

Pros Cons
Transaction rates are low Inactive account fees
Social trading available Withdrawal fees
Free VPS service High CFD fees
Most currencies accepted No demo account offered
Mobile trading platforms offered  
Dealer trading desk  

 

A HotForex Review in south africa
 

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.

Their customer service is excellent with employees speaking multiple languages.

All Muslim clients are able to open Islamic accounts.

 

Features

  • Credit bonus – 100%
  • Supercharged bonus – 100%
  • Rescue bonus – 30%
  • Promotions are ongoing
  • Account funding is free
  • Competitions are run based on performance
  • Award winning affiliate program

 

Pros and Cons

Pros Cons
Copy trading Range of instruments limited
Good protection for funds Not easy to open an account
Strong regulation US clients are not accepted
Easy withdrawals  
   

 

A review about FBS
 

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.

The broker is a multi-award-winning broker having received numerous international awards. In 2019 they were awarded with the Most Progressive Forex Broker Europe.

 

Features

  • Low minimum deposit
  • Maximum leverage 1:3000
  • Five types of accounts
  • Spreads start from 0 pip
  • Full range of payment options
  • 32 forex currencies
  • MetaTrader 4 & MetaTrader 5 platform

 

Pros and Cons

Pros Cons
For account opening deposit is low Higher than normal spreads
Excellent customer service Deposit and withdrawal fees
Demo account free
Extremely fast trade execution
   

 

 

A review about Tickmill
 

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

The process of opening an account is simple and easy. 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 excellent
  • Commission-based pricing for professionals
  • Four different account types
  • Demo account
  • Islamic account
  • MetaTrader 4 and WebTrader

 

Pros and Cons

Pros Cons
Low forex and CFD fees Limited product range
Negative balance protection for retail customers Outdated trading platforms
Excellent educational tools Research tools basic
Customer service available in different formats Does not hold a banking license
Tier 1 and tier 2 jurisdictions making it a safe broker Not listed on stock exchange
Customer support is not 24/7

 

A review about Markets.com
 

Markets.com

 

Markets.com opened in 2010 and is a global Forex broker who offers traders three trading platforms and more than 2200 products.

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 4th 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
  • High performing trading platforms
  • Expert analysis
  • Access advanced trading tools
  • Leverage ratios 1:30
  • Free demo account
  • 2200+ assets

 

Pros and Cons

Pros Cons
Well regulated Low leverage
Trading platforms are excellent Lengthy processing of deposits and withdrawals
Wide range of instruments
Fast execution

 

A review of XTB
 

XTB

 

XTB was 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
  • Min Forex and Crypto CFD trade size are 0.1 lot

 

Pros and Cons

Pros Cons
Platform is award winning Email support poor
Negative balance protection Product portfolio is limited – mostly CFD and FX
Account opening is easy and fast Does not hold a banking license
Top Tier regulated (FCA)
Educational materials

 

You might also like: BEST FOREX BROKERS WITH TRADING ALERTS AND SIGNALSA review about Pepperstone

 

Pepperstone

 

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

The broker is regulated in Australia (USIC), the UK (FCA) and in Dubai (DFSA). Beginner traders like to use Pepperstone because they don’t charge for inactive accounts or a minimum deposit for standard accounts.

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. Key features of this account include: straight-through processing (STP) and average spreads of 1.0 – 1.13 pips. The account does not pay or receive swaps for Muslim traders.

 

Features

  • Forex and equity index fees low
  • Can maintain access to higher leverage
  • Cash rebates daily
  • Access and 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

Pros Cons
Execution of trades fast Product offering limited
Low Forex and equity index CFD fees No fundamental research
Non-trading fees low No investor protection outside EU
No deposit fee Not good for beginner traders
Excellent customer service

 

A review about FXCM
 

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
  • Profitable leverage ratios
  • Minimum initial deposit
  • Active trader discounts
  • VIP rewards

 

Pros and Cons

Pros Cons
Cater to multiple trader types Narrow product scope
Research tools are good Further development of platforms needed
A lot of educational tools
Easy and quick to setup

 

A review about Saxo Bank
 

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
  • Maximum leverage 1:200
  • 3 account types
  • Impressive product portfolio
  • 9 different asset classes
  • Good pricing
  • Tight variable spreads
  • 160+ currency pairs
  • Binary options

 

Pros and Cons

Pros Cons
Trading platforms are impressive Minimum deposit is high
Large range of instruments Educational material lacking for beginner traders
Licensed by top tier regulatory bodies  
Customer support  
   

 

A review about LCG
 

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 LCG Trader (cTrader) ECN account type offers the best pricing. However, trading through MT4 is 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

Pros Cons
Good quality analysis and insights Automated trading not available
Excellent mobile app Not the cheapest commissions and fees
State-of-the-art trading platforms No fixed spread accounts
Immediate connection between app & web

 

A review about EasyMarkets
 

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 trading accounts
  • 200+ assets across 6 investment classes
  • Free deposits and withdrawals
  • 24/5 customer support
  • Educational resources available
  • Excellent research

 

Pros and Cons

Pros Cons
Trading platform with innovative features No service to USA clients and over 20 other countries
Client support responsive High spreads
Fixed spreads, no slippage and no commissions No cent account, VPS and forex calculators
Welcome bonus for new traders
   

 

A review on Octa
 

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.

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

OctaFx offers (STP) ECN accounts and the MetaTrader and cTrader platforms.

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

 

Features

  • Over 300,000+ traders worldwide
  • More than 30 Forex pairs to trade
  • Extensive research and educational resources
  • 50% first time deposit match
  • Unlimited demo account
  • Spreads among the most competitive on the market
  • Great advanced technology

 

Pros and Cons

Pros Cons
No commission deposits or withdrawals No Forex educational tools
Easy and free deposit and withdrawal Range of instruments is limited
Multiple platforms to choose from Doesn’t offer VPS
Regulated by CySEC
Low Forex and stock index CFD fees

 

A review about HYCM
 

HYCM

 

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, Stocks, Indices, Cryptocurrencies, commodities and EFTs.

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 along with free demo trading accounts and Islamic swap-free accounts.

 

Features

  • Client funds kept in segregated accounts
  • Competitive fixed spreads
  • Minimum initial deposit comparatively low
  • Bonuses offered

 

Pros and Cons

Pros Cons
Accounts are commission free Trading platforms are limited
Many deposit and withdrawal methods Not available to US traders
Trade execution is high speed
Competitive costs

 

A review of IC Markets
 

IC Markets

 

IC Markets is regulated by the ASIC (Australian Securities and Investment Commission.)

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

 

Pros and Cons

Pros Cons
Low forex fees No investor protection for IC Markets
Account opening is simple Limited products: only Forex, CFD and Crypto trading
Credit card deposit payments Not available in the USA
Free deposits
Free withdrawals

 

A review about IQ Option
 

IQ Option

 

IQ Option offers CFDs on stocks and EFTs, Forex trading, and Digital Options an exclusive IQ Option product. Customers can also trade Crytocurrencies and binary options.

IQ Option was first formed in 2013 and today 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

  • Each client has a personal account manager
  • Training materials are excellent and exclusive
  • Each client has personal tutoring
  • Withdrawal requests are quickly processed

 

Pros and Cons

Pros Cons
Around the clock support Can be more expensive
Platform is user friendly Bonuses are not offered
Demo account available
Islamic accounts available

 

A review about Instaforex
 

Instaforex

 

Instaforex was started in 2007 and today has more than three million traders.

The broker develops modern technologies and tools for trading. They were the first broker to offer their clients the opportunity to invest money in the PAMM system and to offer for their clients to copy the deals of successful traders.

 

Features

  • For introducing traders an additional award is given
  • Partners are given personal managers
  • Online access to the affiliate statistics anytime
  • Free statistics of your affiliate link traffic
  • Free forex news feed

 

Pros and Cons

Pros Cons
Trading is automated Does not accept US clients
Hedging allowed
Mobile trading is excellent
Great customer service
Educational offerings are strong

 

A review of ThinkMarkets
 

ThinkMarkets

 

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

They are a multi-asset online brokerage firm regulated by both the UK with the FCA and Australia with the ASIC.

For trading purposes ThinkMarkets offers trading on both the MT4 and MT5 platform and on mobile.

ThinkMarkets offers Islamic clients the opportunity to open an Islamic account

 

Features

  • The ThinkMarkets Trade Interceptor desktop and mobile platform is thought to be a good substitute to the MetaTrader4 platform
  • Cryptocurrency offering

 

Pros and Cons

Pros Cons
Knowledge base is great Web-based trading platform not available
Good broker for traders starting out Commission on all types of accounts
 

 

 

A review about BlackBull
 

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 with some of the best Forex trading technology and it offers retail clients social trading through My FXBook, PsyQuation and SwipeStox.

 

Features

  • Leverage levels offered are high
  • Spreads are competitive
  • Auto Trading
  • Advanced copy trading options

 

Pros and Cons

Pros Cons
No dealing desk Only MetaTrader platforms available
Beginners are offered demo accounts Not a very diverse asset range
Broker has fairly good reputation
ECN-style account options

 

GKFX Prime Review South Africa
 

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

Pros Cons
Choice of account types Only one bonus offered
Demo account offered
Lots of advanced trading tools
Islamic account offered

 

You might also like: BEST FOREX BROKERS WITH $1 MINIMUM DEPOSIT

 

Conclusion

 

We recommend only trading from Dubai with brokers on this list of 27 Best DFSA Regulated Forex Brokers. The Broker you choose should reside in the country and they must comply with Sharia law regarding Forex trading.

 

 

Rate this post

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

December 1, 2020

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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