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Best Forex Brokers in UAE 2020

Looking for the best UK forex broker for 2020? You are in the right place! There are a large variety of Forex brokers available to today’s UAE Forex trader. Forex trading is always evolving with new FX brokers emerging all the time, making it difficult for both the UAE and global forex trader to stay up to date. The 6 best forex brokers in UAE in 2020 are:

1. AvaTrade Forex Broker
2. Pepperstone Forex Broker
3. Tradeo Forex Broker
4. MarketsX Forex Broker
5. Plus500 Forex Broker
6. eToro Forex Broker

However, the best Forex broker for one trader may not be the best broker for another. It depends on your trading style, what you want to trade and your support needs. Some Forex broker offerings are general, whilst some aspects might appeal to a trader’s individual style and needs.

Forex broker regulation, however, is very important for any trader when choosing a broker, since one of the key features in the choice of broker is how safe your investment will be. The best forex brokers in the UK are generally regulated in different countries, by different regulators. Read this article for a definition of the different European Financial Regulators.

On this page we review various forex brokers based on regulation, usability, platforms, minimum deposit, spreads, customer support and other criteria. Start by browsing our top list of recommended and trust worthy brokers below and continue by reading the individual reviews of each broker on the respective review pages (that are linked from the top list). All forex brokers below accept UK traders and also traders from a number of different countries.

Broker	Pros	Features
Founded: Reg: Central... more HQ: Ireland... more 4.9/5 97/100	- 20% New Member Bonus. - Global regulated broker across 5 continents within 6 jurisdictions - Superior trading conditions for short selling/scalping - Ultra low spreads with fast and reliable order execution - Wide range of educational materials - Innovative trading mobile apps  (AvaTradeGo, AvaOptions, AvaSocial)	Min. Deposit: $100 Pairs Offered: 45+ Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1I Withdrawal Process Time: 1-2 business days. Trust Score: 97/100	Free Demo Sign Up
Founded: Reg: ASIC, F... more HQ: Austral... more 4.7/5 94/100	- ASIC, FCA, SCB, DFSA, CMA, CySec and BaFin regulated broker - Segregated client funds in tier 1 banks. - Awarding-winning client support from our team 24/5. - Low latency, fast execution in under 30ms. - Get consistently competitive spreads and low commissions from 0.0 pips.	Min. Deposit: $200 Pairs Offered: 180 Leverage: Up to 1:500 Withdrawal Process Time: 2-3 business days Trust Score: 94/100	Read Pepperstone Review Free Demo Sign Up
Founded: 2014 Reg: CySEC... more HQ: Cyprus... more 4.7/5 94/100	- Social Trading Available - MetaTrader 4 Support - Excellent Support	Min. Deposit: $200 Pairs Offered: 50 Leverage: 1:30 for retail, up to 1:200 for Pro Withdrawal Process Time: Within a day Trust Score: 94/100	Read Tradeo Review Free Demo Sign Up
Founded: Reg: FCA, Cy... more HQ: UK, Cyp... more 4.8/5 96/100	- Fast withdrawal - Real Cryptos, Stocks - 2000+ assets - Copytrading - Social Trading - PayPal deposits possible - One Stop Shop	Min. Deposit: $200 Pairs Offered: 47 Leverage: 1:30, ASIC 1:400 Withdrawal Process Time: Max 2 working days Trust Score: 96/100	Read eToro Review Free Demo Sign Up
Founded: Reg: Plus500... more HQ: Israel... more 4.5/5 89/100	- Advanced risk management tools - 24/7 online support. - 2000+ instruments. - 30+ languages. - All devices. - 0 commissions. - Tight spreads.	Min. Deposit: $100 Pairs Offered: 70+ Leverage: 1:30 Withdrawal Process Time: 1-3 Business Days Trust Score: 89/100	Read Plus500 Review Free Demo Sign Up
Founded: Reg: FCA, Cy... more HQ: United ... more 4.5/5 89/100	- 24/5 Customer Support - Negative Balance Protection - More than 1500 instruments - Cryptocurrency trading is available	Min. Deposit: $250 Pairs Offered: 49 Leverage: 500:1 Withdrawal Process Time: 24-48 hours Trust Score: 89/100	Read XTB Review Free Demo Sign Up
Founded: Reg: CySEC... more HQ: Cyprus... more 4.7/5 94/100	- 50% bonus with every deposit! - Some of the lowest spreads in the industry - No commissions or swaps - Ultra-fast trades execution - Instant deposits and fast withdrawals	Min. Deposit: $5 Pairs Offered: 48 Leverage: Up to 1:500 Withdrawal Process Time: Within 24 hours Trust Score: 94/100	Read OctaFX Review Free Demo Sign Up
Founded: Reg: FCA, AS... more HQ: Cyprus... more 4.9/5 97/100	- Beginner Friendly - Well established - Leverage up to 1:300	Min. Deposit: $250 Pairs Offered: 2,000+ assets, including forex, indices, commodities, shares and cryptos Leverage: Up to 1:300 Withdrawal Process Time: 2-8 days Trust Score: 97/100	Read Markets.com Review Free Demo Sign Up
Founded: Reg: ASIC, C... more HQ: Cyprus... more 4.4/5 87/100	- 24/5 Shares Trading - 0% Commission - 300 plus trading instruments. - Deal cancellation feature. - Fixed spreads.	Min. Deposit: $100 Pairs Offered: 200+ Leverage: Up to 1:30 Withdrawal Process Time: 1 day Trust Score: 87/100	Read easyMarkets Review Free Demo Sign Up
Founded: Reg: NFA, CF... more HQ: United ... more 4.5/5 89/100	- Trusted Global Market Leader - Regulated in US, UK and Canada - Online FX & CFD Trading - 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more - Forex, Indices, Commodities, Equities & Bitcoin	Min. Deposit: $100 Pairs Offered: 84+ Leverage: 1:30 UK/EU. 1:500 US Trust Score: 89/100	Read Forex.com Review Free Demo Sign Up
Founded: 2014 Reg: FMA, FS... more HQ: New Zea... more 4.5/5 90/100	- 1:500 leverage - Multi award-winning New Zealand broker - Institutional-grade spreads from 0.0 pips	Min. Deposit: $200 Pairs Offered: 300+ Leverage: 1:500 Withdrawal Process Time: Within 24hrs Trust Score: 90/100	Read BlackBull Markets Review Free Demo Sign Up
Founded: Reg: FCA, Cy... more HQ: Cyprus... more 4.9/5 98/100	- Well Regulated. - PAMM accounts. - Tight spreads. - Quick withdrawals. - Low min. deposit.	Min. Deposit: $5 Leverage: Up to 1:30 for EU (unless pro) / Up to 1:1000 for non EU Withdrawal Process Time: Same business day Trust Score: 98/100	Read FXTM Review Free Demo Sign Up
Founded: 2016 Reg: ASIC, C... more HQ: Austral... more 4.5/5 90/100	- Tight Spreads - Welcome bonus - Customized IB structure	Min. Deposit: $200 Pairs Offered: 167 Leverage: 500:1 Withdrawal Process Time: 1-3 Business Days Trust Score: 90/100	Read VT Markets Review Free Demo Sign Up
Founded: 2009 Reg: CIMA, A... more HQ: Cayman ... more 4.3/5 85/100	- Start trading live with just $200 minimum deposit. - Powerful WebTrader and AppTrader platforms. - Start trading live in just minutes. - Trading tools and educational resources. - Wide range of Share CFDs offered.	Min. Deposit: $200 Pairs Offered: Majors, Minors, Exotics Leverage: 500:1 Withdrawal Process Time: Within 12 hours Trust Score: 85/100	Read Moneta Markets Review Free Demo Sign Up
Founded: 2014 Reg: FCA, Cy... more HQ: Seychel... more 4.5/5 90/100	- Regulated by FCA and CySEC - Low Spreads - Low Commissions - Low swaps	Min. Deposit: $100 Pairs Offered: 60+ Leverage: Up to 1:500 Withdrawal Process Time: 1 working day Trust Score: 90/100	Read Tickmill Review Free Demo Sign Up
Founded: Reg: ASIC, C... more HQ: Austral... more 4.8/5 96/100	- ASIC & CySEC regulations - Trade on consistently tighter spreads from 0.0 pips - Ultra-fast execution under 40 milliseconds^ - Top-tier liquidity and market leading ECN pricing 24/7 - No dealing desk and no requotes, ever	Min. Deposit: £100 Pairs Offered: 65+ Leverage: Up to 1:500 Withdrawal Process Time: 1 business day Trust Score: 96/100	Read FP Markets Review Free Demo Sign Up
Founded: Reg: ASIC, C... more HQ: Austral... more 4.7/5 93/100	- 180+ Tradable Instruments - Up to 500:1 Leverage - $200 minimum deposits - 15 Trading Platforms - 50 US Share CFDs and 50 Hong Kong Share CFDs available to trade from MT4/MT5	Min. Deposit: $200 Pairs Offered: 180+ Leverage: Up to 500:1 Withdrawal Process Time: Within 1-2 Business Days Trust Score: 93/100	Read Vantage FX Review Free Demo Sign Up

Top 10 Tips for Picking an FX Broker in UK

Here we look at ten different factors that we believe are of significant importance when you consider choosing a Forex Broker, whether you are a beginner or advanced trader. The significance of each will differ depending on your needs, which in turn will depend on your trading style, your knowledge level and your type of trading.

1. Regulation and how safe is my money?

You wouldn’t put a large amount of your savings in a bank account if you did not know that the bank was secure and regulated would you? So similarly why would you deposit with an FX Broker unless you were confident your funds and profits are safe?
In the UK, this would mean looking for a broker that is regulated by the financial conduct authority (FCA). In the USA, the equivalent would be a broker regulated by the National Futures Association (NFA) and/or the Commodity Futures Trading Commission (CFTC).
Opening an account with a broker regulated by any of the of the above should allow for protection if you as a depositor/ trader have an issue or grievance with the broker. Check in the top list above to see which forex brokers are regulated in UK by the FCA.

2. Spreads and/ or Commission

Brokers do not provide their services for nothing, so they charge either commission per trade or more likely by the spread between the bid and offer prices. The wider the spread, effectively the more the trader has to pay to get into and out of each trade. So the narrower the spread, effectively the better off for the trader. Sometimes brokers offer fixed spreads, but often the spread will be variable depending on the volatility of the market.

3. Withdrawals and deposits

Most FX Brokers today offer very low requirements to open an account (from as little as £50). Brokers have differing policies with regard to depositing, funding and withdrawals. Are you able to fund the account from a bank account via wire transfer, via credit card, via PayPal? When withdrawing, is this done via wire transfer, back to your bank account or credit card? Are there any withdrawal fees? Any initial deposit requirements?

4. Rollover interest (credit/ debit)

Some brokers charge a debit (or give a credit) for daily interest. This would be a consideration for any traders thinking of holding open positions over night.

5. Margin and Leverage

Many FX Trading accounts are based on the concept of margin and leverage. Leverage is basically the ability to increase the possible return on an investment or trade. A margin account allows the trader to use leverage by trading larger amounts than deposited in their account. This is because only the potential short term losses on the accounts need to be covered, not the full amount of the underlying asset. How much leverage any forex broker offers and the margin requirements may be a consideration when opening an account with a particular forex broker.

6. Types of forex accounts

There are different types of FX trading accounts which include more traditional cash exchange accounts, spread betting type accounts or CFDs (Contracts for Difference). Here you can find a list of CFD brokers in UK. The choice of which account to open will depend on your very specific needs and potentially even depend on your tax liabilities.

7. What markets can you trade?

All FX brokers in UK offer trading in the major currency pairs, including EURUSD, USDJPY, GBPUSD etc. Most also offer currency cross rates, ability to trade a large selection of currency pairs against each other.
In addition, many brokers offer the opportunity to trade other financial markets and assets. These would include equity indices, government bond markets and commodities (such as oil, gold and copper).

8. Trading platforms supported by the broker

Practically all brokers offer a trading platform, whereby the trader can access the various markets available to trade. Some brokers provide their own developed trading platforms, whilst others suggest downloading free platforms offered by third-party providers. There are many different factors to consider when looking at differing trading platforms including; ease of use, accessibility, trading tools on offer, charting packages, mobile/ tablet access etc.

9. Customer support

Many markets are now open 24 hours a day, five days during the week. So a strong customer support service would be open at all times during this time. Also, the speed of access to a live individual rather than an automated service should certainly be considered. Inevitably, when calling customer service it is usually with an issue, which as a trader you will likely want resolved as soon as possible.

10. Demo account available?

Most, but not all, Forex Brokers offer demo trading accounts to practice on. A demo account allows you to test the trading platform and evaluate some of the above-mentioned factors. All forex brokers for UK in the top list we provide above will offer demo accounts to new traders.

In the top list above you will find links to our reviews of the best forex brokers for UK traders. In these reviews we’ve covered most of these ten tips to make your choice of broker as easy as possible.

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