In 2024, forex trading continues to grow in popularity amongst UAE investors seeking diversified portfolios and global market access. Choosing the right forex and CFD broker is key to maximizing profits when trading currency pairs, commodities, indices and more in the UAE. Here we’ll take a look at the top forex brokers in the UAE and how they will help your trading journey.

HF Markets

 
According to our research, HFM has been recognized as the best forex broker in UAE. As a global broker with over 1200 tradable products, we rate HF Markets as a top choice for UAE investors seeking diversity and tight spreads. As a regulated top-tier authority, HF Markets provides access to 47 forex pairs, 6 metals, 5 commodities futures, 3 bonds, 96 stocks and more. The all-inclusive Zero account offers spreads from 0.0 pips on gold and forex alongside a low commission. Spreads on the zero-commission Premium account are higher, starting from 1.4 pips. 

Exness

For ultra-tight spreads and high liquidity across forex and metals, we recommend Exness to UAE traders, regulated locally by the FSCA. With 120+ currency pairs and spreads from 0.0 pips, Exness allows scalpers to capitalize on short-term price movements. Exness holds licenses issued by the FCA, CySEC, FSA, and other authorities, fully complying with laws in over 130 countries. The broker currently has CFDs available for cryptocurrency, stocks, currencies, energy and metals. Exness’s service provides low commission, instant execution of orders and withdrawal of funds through several account options.

Avatrade

 
AvaTrade, founded in 2006 in Dublin, Ireland, is a reliable and trusted broker accredited across 5 continents. It allows traders to trade stocks, securities, indices, cryptocurrencies, and over 1,200 financial instruments. AvaTrade has over 300,000 registered users and processes more than 2 million transactions every month contributing to its strong reputation. Advantages include a wide range of tradable instruments, multi-lingual 24/7 customer service, diverse trading platforms, and availability of swap-free Islamic accounts.  

Vantage

 
Vantage Markets is a multi-asset broker operating since 2009 with licenses from 4 regulators. It offers over 1,000 currency pairs, CFDs, classic trading terminals and mobile apps, and an array of trading signals. Advantages include vast trading instruments, mobile applications, and various trading signals. Disadvantages are offshore regulation for most countries, limited training on forex trading, and slow withdrawal processes. 
 
Multibank

 
Established in 2005, MultiBank Group is recognized as one of the largest financial derivatives providers worldwide, regulated across various jurisdictions. It offers over 20,000 CFD products with low spreads from 0.0 pips on forex and fast execution speeds. Advantages include ECN accounts from 0.1 pips, MT4 and MT5 platforms, passive income options, and multi-lingual 24/7 support. Disadvantages are the lack of micro accounts and restrictions on scalping trading strategies.

By comparing fees, regulation, platforms and tradable assets, UAE investors can determine the best forex and CFD broker for their trading objectives. As pioneers like HF Markets continue providing pricing transparency and lightning execution speeds, traders are empowered to capitalise on forex and global markets from their home country.