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AuthorBy Jeffrey Cammack
Updated: May 6, 2022

While there is no single Middle Eastern regulatory agency, there are respected organisations in individual countries. The best-known regulator in the Middle East is the Dubai Financial Services Authority (DFSA).

To test these brokers, we verified our live account and reviewed their DFSA regulatory status and complaints history. Beyond confirming the platform choice, minimum deposit, and trading desk type, our test focused on trading conditions, the overall trading cost for clients, withdrawal fees and other fee structures, so traders understand all costs associated with using any specific broker. These are the best DFSA regulated brokers for 2022 according to our testing and our research.

Top DFSA regulated Forex brokers 2022

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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
Pepperstone
4.61 /5
Read Review
Visit Broker >
Your capital is at risk
F004356GBP 030:1Excellent0.60 pipsUSD 60.17 pips070MT4, MT5, cTrader
XTB
4.29 /5
Read Review
Visit Broker >
Your capital is at risk
F006316GBP 030:1Excellent0.70 pipsUSD 70.70 pips421157xStation5
Axitrader
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
F003742GBP 030:1Excellent1.00 pipsUSD 100.00 pips18870MT4
FxPro
4.29 /5
Read Review
Visit Broker >
Your capital is at risk
F003333GBP 10030:1Excellent1.40 pipsUSD 140.40 pips224170MT4, MT5, cTrader, FxProEdge
HYCM
4.02 /5
Read Review
Visit Broker >
Your capital is at risk
F000048GBP 10030:1Standard1.20 pipsUSD 120.10 pips31070MT4, MT5
Amana Capital
3.83 /5
Read Review
Visit Broker >
Your capital is at risk
F003269GBP 5030:1Standard1.40 pipsUSD 141.30 pips43066MT4, MT5

DFSA Forex Broker Regualtion

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 the 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 requiring that all educational and marketing material is clear, fair, and not misleading.

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

Our Methodology

Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers

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Featured Brokers

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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