Select a different country or region to view content tailored to your location.
While no single Middle Eastern regulatory agency exists, there are respected organisations in individual countries. The best-known regulator in the Middle East is the Dubai Financial Services Authority (DFSA).
We understand that traders have different needs. Beginner traders may want a broker with excellent educational materials, while more experienced traders may look for a broker with fast execution and advanced trading tools. Others want high levels of leverage or low deposit accounts. The DFSA-regulated brokers below cater to these differing needs but are also listed because of their excellent reputations in the Forex trading industry.
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Swipe to scroll
Broker | Overall Rating | Official Site | DFSA (Dubai) Regulated | DFSA # | Min. Deposit | Max. Leverage | Beginner Friendly | EUR/USD - Standard Spread | Cost of Trading | EUR/USD - Raw Spread | Total CFDs | Currency Pairs | Platforms | Website Language: English | Support Language: English | Compare |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 | Yes | F004356 | GBP 0 | 30:1 | Excellent | 1.00 pips | USD 10 | 0.10 pips | 1597 | 90 | MT4, MT5, cTrader, TradingView | Yes | Yes | |||
 | Yes | F003333 | GBP 100 | 30:1 | Excellent | 1.40 pips | USD 14 | 0.40 pips | 2241 | 70 | MT4, MT5, cTrader, FxProEdge | Yes | Yes | |||
 | No | F006316 | GBP 0 | 30:1 | Excellent | 0.70 pips | USD 7 | 0.70 pips | 5211 | 57 | xStation5 | Yes | Yes | |||
 | Yes | F003742 | GBP 0 | 30:1 | Excellent | 1.00 pips | USD 10 | 0.00 pips | 188 | 70 | MT4 | Yes | Yes | |||
 | Yes | F000048 | GBP 100 | 30:1 | Standard | 1.20 pips | USD 12 | 0.10 pips | 310 | 70 | MT4, MT5 | Yes | Yes |
Pepperstone offers competitive spreads starting from 1 pip on its Standard Account and down to 0 pips on the Razor Account. With platforms like MT4, MT5, cTrader and TradingView all available, it caters to a range of trading preferences.
We like Pepperstone’s low-cost trading environment, commission-free options, transparent fees, and trading platform support. At the same time, the lack of a required minimum deposit enhances its accessibility for all traders.
The main drawback is the complicated commission structure that might confuse some traders. Additionally, the market analysis frequency is less than that of some competitors, and the educational offerings, while good, do not match the depth provided by other large brokers.
0 pips
GBP 10
GBP 0
Pepperstone secured the Global Broker Award for the second consecutive year, maintaining its exceptional standards and continuing to meet traders’ needs.
Pepperstone is a top choice for Forex traders looking for a DFSA-regulated broker, and it is particularly suitable for traders looking for ECN trading conditions. Despite a less extensive educational section compared to some brokers, the available resources are well-structured and beneficial for beginners. Its trading conditions and platform options make it a strong contender in the Forex broker market.
Well regulated
Tight spreads
Great platform choice
Wide range of assets
Limited market analysis
FxPro is a No-Dealing-Desk (NDD) broker suitable for traders seeking a well-regulated broker with tiered accounts, flexible deposit and cost structures, and access to many popular trading platforms.
We like that FxPro provides a broad selection of trading platforms (MT4, MT5, cTrader, and the FxPro Edge), catering to various trading strategies and preferences. We also like the proprietary mobile trading platform, which is user-friendly and well-designed and offers traders the flexibility to trade on the go.
The main drawbacks of FxPro include higher than average trading costs compared to other brokers and limited educational and market analysis materials. While FxPro offers a range of educational resources, they may not be as comprehensive as those provided by other brokers, potentially leaving beginners seeking more guidance elsewhere.
0.4 pips
GBP 14
GBP 100
Founded in 2006. FxPro is one of the most respected brokers in the industry. With over 800,000 clients across the world, FxPro is known for its fast no-dealing desk execution, flexible trading conditions, and excellent client support. One of the few brokers with customer service available 24/7, FxPro’s support team is knowledgeable and responsive on both technical issues and more mundane problems. This convenient multi-lingual support by phone, live chat and email in a positive, solution-oriented manner wins FxPro the Best Customer Service award for 2021.
FxPro is an excellent broker for traders looking for a range of trading platforms and instruments, such as Forex, Share CFDs, Futures and Indices. While trading costs and educational resources could be improved, with its diverse platform offerings, including MT4, MT5, cTrader, and FxPro Edge, FxPro appeals to traders of all levels.
Well regulated
Great platform choice
Tight spreads
Limited education
XTB caters to traders looking for diverse trading instruments, including Forex, CFDs, and real stocks. It offers commission-free stock trading on a user-friendly trading platform.
We especially like XTB’s trading platform, xStation5, which has won awards for its user-friendly interface and trading tools. Spreads average at 0.7 pips for EUR/USD, with no commission, making it one of the lowest-cost brokers in the industry.
The primary drawback of XTB is the limited choice of trading platforms, as it only supports xStation5, excluding popular platforms like MT4 and MT5. Another disadvantage is the slightly limited range of funding options compared to other big brokers.
0.8 pips
GBP 7
GBP 0
Founded in 2002, XTB takes the spotlight in our 2023 awards as the recipient of the Best Inhouse/Proprietary Trading Platform Award, thanks to its cutting-edge xStation 5 platform.
XTB is well-suited for traders at all levels, offering low-cost trading starting from 0.35 pips and averaging at 0,7 pips on the EUR/USD with no commission on a wide range of assets, including a commission-free stock trading offer. While the platform choice is limited, xStation5 caters to most trading needs with its advanced features and user-friendly design.
Well regulated
Tight spreads
Low minimum deposit
Good for beginners
Limited platform choice
Choosing the best Forex brokers involves a detailed and systematic evaluation process. FxScouts uses a hands-on approach, combining our expert analysis with practical testing to review each broker thoroughly.
When comparing the best DFSA-regulated Forex brokers, we:
The Dubai Financial Services Authority, or DFSA is the local Dubai regulator of all non-banking financial activities and has oversight over all regulated brokers in Dubai.
The DFSA regulates financial activity in Dubai. It also supervises the Forex currency market to protect Forex traders from illegal actors and rogue brokers. Regulation is the primary way to establish trust in a Forex broker.
The principal goal of the DFSA is only to regulate businesses enough to prevent unnecessary risks. In a letter dated July 24 2017, the CEO of the DFSA, Ian Johnston, issued new rules for OTC Derivate brokers accepting retail clients following an increase in the numbers of cross-border companies targeting the region.
These new rules mandated margin requirements dependent on the leverage used, outlawed using credit cards for making deposits (debit cards are still allowed), and required that all educational and marketing material is clear, fair, and not misleading.
Discover how Forex Trading works with our essential guide. Understand key terminology with examples and learn how to make your first successful trade.
Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated.
Learn the basics of Forex currency pairs. Understand the key differences between major and minor pairs and how to trade them.
Head of Content
Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.
Senior Financial Writer
Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Financial Writer
Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
