Best forex broker in the UAE

Editorial pick

1. Pepperstone: best overall for UAE traders

I think Pepperstone suits traders who want a wide choice of third-party platforms and a raw-spread account with a low entry barrier. It holds two UAE licences: a DFSA (DIFC) licence F004356 for arranging deals, and a CMA Category 5 licence 20200000358 for arrangement and advice. Client money sits with Pepperstone Markets Limited in the Bahamas (SIA-F217). Neither UAE licence carries a dealing or custody permission, so your funds are held offshore. Our team captured the spreads on 24 August 2026. The Razor account shows a raw EUR/USD spread from 0.0 pips and a commission of USD 3.50 per lot per side, while the Standard account has no commission. Minimum deposit is USD 10. A swap-free account exists but the published eligibility list does not name the UAE. Platforms include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and the Pepperstone platform.

Swap-free, zero minimum deposit

2. Equiti: lowest published spread among onshore CMA brokers

Equiti provides a raw-spread account under an onshore CMA licence with a spread from 0.0 pips. It is licensed by the CMA, entity Equiti Securities Currencies Brokers LLC, register CP-0000791, with SCA-era numbers 20200000026 (Category 1) and 20200000352 (Category 5). Our team captured the spreads on 18 August 2026. The Premier account shows EUR/USD from 0.0 pips with a commission of USD 3.50 per lot per side, while the Standard account shows a typical spread of 1.4 pips with no commission. The Classic account has no minimum deposit, Standard requires USD 100, and Premier requires USD 3,000. A swap-free account is offered on MT5 only, as a mini account capped at USD 25,000 funded, with admin fees after a grace period and the broker reserving the right to revoke it. I would note that the cap and revocation clause mean you should read the terms carefully. Platforms include MetaTrader 4, MetaTrader 5, and Equiti Trader.

Dealing and custody held in the UAE

3. Capital.com: dealing and custody permissions held inside the UAE

Capital.com is the only broker in the top three whose UAE licence carries both dealing and custody permissions. In my view, that matters because it means your client money can sit with a UAE-licensed entity rather than an offshore group company. The ADGM-licensed entity, Key Way Markets Limited (FSRA reference 190005), holds an active licence authorising Dealing in Investments as Principal (Matched Principal), Dealing in Investments as Agent, Managing Assets, and Providing Custody, effective 4 March 2024. The onshore CMA entity, CAPITAL COM MENA SECURITIES TRADING L.L.C (register reference CP-0000937, broker-quoted number 20200000176), holds a licence whose category is not stated in the register extract we reviewed. CFD trades carry zero commission, with the cost built into the spread. A pricing explainer published on 24 August 2026 works a EUR/USD example at 0.6 pips, explicitly not a guaranteed spread. The minimum deposit published on the UAE site is 80 AED. The broker offers its proprietary platform, MetaTrader 4, MetaTrader 5, and TradingView. An Islamic account is available per the broker’s UAE site.

Two UAE entities to tell apart

4. XTB: xStation 5 with two UAE entities to tell apart

XTB operates two separate UAE entities, and which one you end up with depends on how you reach the site. The CMA-licensed entity is XTB FINANCIAL SERVICES L.L.C, register CP-0001283; the DFSA-licensed entity is XTB MENA Limited, reference F006316. The default route from xtb.com reaches the CMA entity; a separate /ae-en/ branch reaches the DFSA one. Our team captured the spreads on 18 August 2026. XTB publishes its lowest EUR/USD spread as a raw price decimal, 0.00008, not as a pip figure. It charges 0% commission on CFDs and publishes no per-lot commission. Minimum deposit is 0. A swap-free account is offered with caveats: it is available for specific periods, not for all products, and requires a separate account via the portal. Platforms include xStation 5 and MetaTrader 4.

Three published spread figures

5. IG: the most fully published spread data

IG is the only broker here that publishes three distinct EUR/USD spread figures, so you get a fuller picture of pricing across the day. Licensed by the DFSA, entity IG Limited, reference F001780. Our team captured the spreads on 18 August 2026. The minimum spread is 0.6 pips, the average between 00:00 and 21:00 is 0.85 pips, and the overall average is 1.04 pips. There is no FX commission; the cost is built into the spread. IG publishes no minimum deposit figure on its UAE pages. A swap-free account is not published for the UAE entity. A daily interest fee applies overnight. Platforms include the IG platform, MetaTrader 4, MetaTrader 5, and TradingView.

Swap-free terms published in full

6. AvaTrade: the clearest published swap-free terms

AvaTrade publishes the most detailed swap-free terms among the brokers on this page. Licensed by the FSRA (ADGM), entity Ava Trade Middle East Limited, reference FSP 190018. Our team captured the spreads on 18 August 2026. The EUR/USD spread is from 0.9 pips, stated on the Arabic UAE site and in the instrument specification table. No account tier is attached to the figure, and no per-lot commission is published. Minimum deposit is USD 100. The swap-free account comes with clear conditions: a maximum of five days without an overnight fee, admin fees in MT4 and MT5, exclusion of crypto and the ZAR, TRY, RUB and MXN pairs, and an increased spread on FX pairs. I appreciate that AvaTrade spells out the swap-free conditions, so you know exactly what you are getting. Platforms include WebTrader, the AvaTrade App, MetaTrader 4, and MetaTrader 5.

Four account types, ECN from 0.0

7. MultiBank: lowest published spread on an onshore CMA licence

MultiBank publishes the lowest EUR/USD spread among brokers operating under an onshore CMA licence. The CMA-licensed entity is MEX GLOBAL FINANCIAL SERVICES L.L.C, register CP-0000816. One detail is worth checking yourself: sign-ups through multibankfx.com may contract with MEX Atlantic Corporation in the Cayman Islands, not the UAE entity. If you want the CMA-licensed entity, read which name appears on the account forms. Our team captured the spreads on 24 August 2026. The Standard account shows EUR/USD spread 0.2 pips with no commission, the Pro account 0.1 pips with zero commissions, and the ECN account 0.0 pips with no commission figure published by the broker. An Islamic account is published, though its terms have not been captured. Minimum deposits are USD 50 for Standard, USD 1,000 for Pro, USD 10,000 for ECN, and the Islamic account’s minimum is not captured. Platforms include MetaTrader 4, MetaTrader 5, WebTrader, MB Trader, and social trading.

Abu Dhabi onshore, tiered accounts

8. ADSS: an Abu Dhabi onshore broker with tiered accounts

ADSS is an Abu Dhabi-based onshore broker that structures its accounts into Classic, Elite and Pro tiers. Licensed by the CMA, entity ADS SECURITIES - L.L.C - S.P.C, register CP-0000786, SCA-era 305027 (Category 1) and 20200000217 (Category 5). Our team captured the spreads on 18 August 2026. The Elite+ column shows a EUR/USD spread from 0.7 pips, but that figure is not attached to the Classic account. No commission applies to retail trades. Minimum deposits are USD 100 for Classic and USD 25,000 for Elite and Pro. The Learn FAQ names Islamic swap-free accounts, yet the accounts page lists only Classic, Elite and Pro, and no full terms are published. I would check whether the swap-free account actually exists for your tier before funding. Platforms include the ADSS Platform, MetaTrader 5, and MetaTrader 4.

Percentage pricing, copy trading

9. eToro: percentage-based pricing and copy trading

eToro structures its pricing around a percentage fee rather than a pip-based spread, and it is the only broker here built primarily for copy trading. Licensed by the FSRA (ADGM), entity eToro (ME) Ltd, reference FSP 220073. Our team captured the data on 18 August 2026. eToro publishes no EUR/USD pip figure; it publishes 0.005% per trade instead. There is no per-lot commission, and commission fees do not apply to CFD positions. Minimum deposit for the UAE is USD 100. A swap-free account is available to UAE residents with a USD 1,000 minimum, admin fees on CFD positions held beyond seven days, and the broker may revoke it. If you want to copy other traders, this is the only option here that builds its whole experience around it. Platforms are the eToro platform and the eToro app: there is no MetaTrader, no cTrader and no TradingView. eToro does license TradingView’s charting library into its own platform, so you get those charts inside eToro, but you cannot place an order on an eToro account from a TradingView chart the way you can with Pepperstone, Capital.com or IG above.

App-first Dubai brokerage

10. Amana: an app-first Dubai brokerage

Amana is a Dubai brokerage that runs entirely through its own mobile app. Licensed by the DFSA, entity Amana Financial Services (Dubai) Limited, reference F003269. Our team captured the data on 18 August 2026. Amana publishes no EUR/USD spread on its site and directs you to search inside the amana app. It is commission-free except on local shares, where the broker states “our cost is your cost.” Minimum deposit is USD 25. No swap-free account type is published. The broker marks certain assets as Sharia-compliant and offers Sharia-compliant ETF plans. The platform is the amana app. MetaTrader is published on the group site, not by the DFSA-licensed entity. This is the DFSA-licensed Dubai brokerage, not the Amana construction group or the Labuan-regulated consumer app of a similar name. I would want to see the spread before opening an account, so the app-only disclosure is a drawback.

Per-unit commission, no spread

11. Century Financial: a per-unit commission instead of a spread

Century Financial is the only broker in this list that quotes its commission as a per-unit cost rather than a spread figure. Licensed by the CMA, entity Century Financial Consultancy LLC, register CP-0000038, SCA-era 20200000028 and 301044. Our team captured the data on 18 August 2026. The broker publishes no typical EUR/USD spread; its schedule says spreads vary with market conditions. Commission is USD 15 per side on a 100,000-unit EUR/USD trade, stated as USD 0.00015 per unit with a USD 1.50 minimum. Minimum deposit is not published. No swap-free account type is published; only generic blog education about reducing swap costs exists. If you want a clear spread upfront, this may not suit you. Platforms include the Century Trader App, MetaTrader 5, and CQG.