Online Forex Trading Brokers in Dubai, UAE

Plus500 Summary

Plus500 has been around since 2008 and has grown into one of the most recognisable names in the online trading world. As a publicly listed company on the London Stock Exchange and a member of the FTSE 250 index, it offers a sense of trust and transparency that many traders look for. The platform opens the door to more than 2,800 instruments, covering forex, stocks, indices, commodities, cryptocurrencies, options and ETFs.

The beginner-friendly trading interface keeps everything simple, intuitive and fast. The broker also offers commission-free trading and is heavily regulated worldwide, including in the UAE under both the SCA and DFSA.

Why trade forex with Plus500?

Get access to over 70 currency pairs by choosing Plus500 for forex trading. You can select from the major pairs known to all or the exotics for those who prefer less-crowded markets. This variety will help you experiment with new opportunities or build a more flexible trading strategy. Diversify your exposure whenever you want to.

Plus500 also offers leverage of up to 1:300. Scale your positions tactically when the best market setup comes along. Utilise tools inbuilt risk management tools to helps you trade confidently while keeping your downsides in check. The platform delivers market quotes, multi-device accessibility and transparent pricing without hidden commissions.

Forex Trading with Plus500: Pros and cons

Pros:

✅ High leverage. Trade with leverage up to 1:300

✅ 70+ pairs. A broad selection of majors, minors and exotics

✅ Trading academy. Access Plus500’s learning resources focused on forex

✅ Regulated in UAE. Fully regulated by both the SCA and DFSA

❌ Deposit and withdrawals. Deposit and withdrawal options are fewer than some competitors

❌ No phone support. Customer support does not include telephone assistance

Capital.com Summary

Capital.com is a prestigious CFD broker, founded in 2016. It is regulated by the SCA in the UAE and by the FCA, SCB, CySEC, and ASIC globally. Capital.com established its online presence in the region by opening a local office in Dubai.

The platform offers access to multiple global markets to the traders through CFDs on shares, forex, indices, commodities and cryptocurrencies. All come with impressive spreads starting from 0.6 pips on EURUSD, zero commissions and a range of powerful trading platforms. It includes TradingView, MT4 along with its own web platform and proprietary app. Capital.com continues to be one of the most trusted brokers for UAE traders. Its simple and friendly interface with strong international regulation, the platform stands out more than ever.

Why trade forex with Capital.com?

Capital.com streamlines online forex trading by offering an extensive selection of major, minor, and exotic pairs. There are no commission charges, and spreads remain competitive. Wide range of currency combinations are accessible that supports traders looking for adaptability and diversity.

It is evident that the platform is experienced. Users can trade through the in-house applications of TradingView, MT4 or Capital.com. Each app has been tailored for fast navigation and usability. Beginners can take advantage of various resources like Investmate learning app and the in-platform education hub.

A remarkable characteristic is the all-inclusive regulatory coverage. Capital.com also holds licenses from regulators like FCA, ASIC and CySEC, alongside the SCA license. This strong regulatory foundation of reputed and established broker boosts the confidence among forex traders.

Forex trading with Capital.com: Pros and cons

✅ 0% commission and tight spreads. No commissions and real tight pricing. You’ll pay around 0.6 pips on EUR/USD trades and there are no sneaky charges hiding in the fine print.

✅ Strong global and local regulation. Trusted by major regulators worldwide. They’re officially approved by the big names—the SCA in the UAE, the FCA in the UK, ASIC in Australia, and CySEC in Cyprus.

✅ Excellent trading platforms. Solid trading tools you can actually use. You get their own desktop and phone apps, plus MetaTrader 4 and full access to TradingView if you prefer those.

✅ Top-tier education tools. Great resources for people just starting out. Their Investmate app or detailed trading guides, making it easier for beginners.

❌ Limited research depth. Research could go deeper. The research features work fine, but they don’t give you quite as much detail or advanced information as some competitors.

❌ Slower live chat responses. Chat support can be slow to respond. Help is available round the clock, but during busy times you might wait a while before talking to an actual person.

XM Summary

XM has built a solid reputation as a worldwide online forex and derivatives broker trusted by traders everywhere. What sets them apart is how straightforward they’ve made the trading experience, combined with support in dozens of languages tailored to traders whether you’re just starting out or you’ve been trading for years. This approach has earned them a huge name in the industry.

The company holds licenses from multiple regulatory bodies across different regions. It means they operate with real transparency with serious protections for the money you deposit with them. They’re also regulated locally through the Dubai Financial Services Authority, giving them credibility in the Middle East.

When you join XM, you get access to more than 1,000 different things to trade. That includes currency pairs, raw materials like oil and gold, stock market indexes, individual company shares, and digital currencies. You can choose to trade through MetaTrader 4, MetaTrader 5, or the XM mobile app. They offer different account types depending on whether you’re brand new to trading or you’ve been doing this for a while.

What attracts most traders to XM is how reasonable their pricing is and that they let you start with very small amounts of money. You can practice risk-free with a demo account, or if you’re confident, jump straight into real trading.

Why trade forex with XM?

XM stands out if you’re the type of trader who values the ability to use strong leverage, wants access to many different currency pairs, and appreciates having real educational resources backing you up. They may not have the absolute lowest costs compared to every other broker out there, but they are offering flexibility, dependable platforms, and genuine protection for your account.

The platform gives you access to roughly 57 different forex pairs. This covers all the popular combinations you’d expect, plus some unusual pairs that serious traders like to experiment with. All forex trades here work through what’s called contracts for difference, or CFDs. What that means in simple terms is you’re betting on which way a currency pair’s price will move without actually needing to own the real money itself.

For traders who want bigger exposure to moves in the market, XM through their Global division lets you borrow up to 1,000 times your deposit to amplify your trades. Just keep in mind this availability changes based on which country you live in.

One thing that genuinely separates XM is how seriously they take teaching traders. They’ve got a team of people working in-house who analyze markets every day, plus over 70 instructors who create deep-dive analysis, run live webinars, and produce step-by-step tutorials.

The most popular account type at XM is their Standard Account, which is designed to be approachable for anyone wanting to trade forex. You start with spreads as tight as 1 pip, never get hit with unexpected requoting that cancels your orders, and orders get filled quickly.

You only need $5 to open an account. That five dollars lets you operate up to 200 different trades at once, work with tiny position sizes called micro-lots, and access several different currencies. When it comes time to fund your account, you can use US dollars, euros, British pounds, Japanese yen, Swiss francs, Singapore dollars, or Australian dollars.

Forex trading with XM: Pros and cons

Pros-

✅ High leverage available. Forex traders can borrow up to 1,000 times their deposit.

✅ Broad selection of forex pairs. You get roughly 57 currency pairs to choose from.

✅ Trading competitions. XM frequently runs competitions where traders can test their skills against others.

✅ Local support for UAE traders. If you’re in the UAE, you get support in English and Arabic during business hours.

✅ Regulated in multiple jurisdictions. The company holds licenses from serious regulators.

❌ Leverage varies by region. That 1,000-to-1 borrowing power isn’t available everywhere.

❌ Inactivity fee: If your account sits untouched for a full year, they charge you $15, and then $5 every month after that while it stays inactive.

❌ No proprietary desktop platform. XM doesn’t have their own custom-built desktop application.

❌ No crypto deposits. You cannot fund your account using cryptocurrencies.

Exness Summary

Exness has earned worldwide recognition as a trusted forex and derivatives broker. What makes them stand out is their razor-thin pricing, incredibly quick order processing, and honest, transparent trading terms. Started back in 2008, they’ve built trust with millions of traders by offering solid platforms like MetaTrader 4 and MetaTrader 5, plus their own custom trading system. Traders also praise them for withdrawing money almost instantly, having round-the-clock support, and never sneaking hidden fees into your bill.

What really separates Exness is their flexible leverage options, small starting deposits, and commission-free trading. This combination appeals to everyone—whether you’re brand new or you’ve been trading for years. They hold proper licenses from regulators like CySEC and the FSCA, which means you’re trading in a properly governed and secure environment.

Why trade forex with Exness?

We rank Exness as our number one pick for forex trading. Many brokers talk about tight pricing and fast order fills, but Exness actually delivers on these promises consistently across hundreds of currency pairs and in all market conditions.

One of their biggest advantages is access to over 100 currency pairs. You get the mainstream ones everyone trades, the mid-tier options, and the unusual pairs that serious traders hunt for. This range means you can follow whatever strategy matters to you, whether that’s sticking to high-volume popular pairs or hunting for opportunities in rare combinations.

Exness keeps their pricing reasonable and stable even when big economic news hits the market—things like jobs reports, inflation data, or Federal Reserve announcements. Since the forex market can get wild during these times, having predictable pricing is something traders genuinely value. Add in their near-instant order execution measured in milliseconds, and you can move with the market without any lag holding you back.

They also offer Stop Out Protection, a safety feature that keeps you from getting forced out of trades during brief market swings. For anyone using borrowed money to multiply their positions, this kind of protection can mean the difference between keeping your trade open or losing it too early.

You can also trade using swap-free accounts, which makes Exness a real option for traders following Islamic finance guidelines. On top of that, getting your money out is straightforward and fast—no waiting around or dealing with delays.

Forex trading with Exness: Pros and cons

✅ Ultra-tight, stable spreads. Pricing stays tight and consistent, even when markets get volatile.

✅ Fast execution speeds. Orders get filled in milliseconds, which scalpers absolutely need.

✅ 100+ forex pairs.  Over 100 currency pairs cover majors, mid-tier, and exotic options.

✅ Swap-free account options. Swap-free accounts exist for Sharia-compliant trading.

✅ Unlimited leverage.  You can access unlimited leverage on major and mid-tier pairs.

❌ Limited educational resources. Their educational materials aren’t as thorough as competitors and beginners might need outside resources.

❌ Less markets than most.  They offer fewer markets overall than some rival brokers.

❌ High cost for social trading. Copy-trading costs money to join ($500 minimum) and charging other traders to follow your strategy costs $2,000.