75-90% 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.

AuthorBy Jeffrey Cammack
Updated: February 27, 2023

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.

These are the best DFSA-regulated brokers for 2023 according to our testing and our research.

Top DFSA regulated Forex brokers 2023

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Overall Rating
Official Site
DFSA (Dubai) Regulated
Min. Deposit
Max. Leverage
Beginner Friendly
EUR/USD - Standard Spread
Cost of Trading
EUR/USD - Raw Spread
Total CFDs
Currency Pairs
Website Language: English
Support Language: English
4.61 /5
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75.8% of retail CFD accounts lose money
F004356GBP 030:1Excellent0.60 pipsUSD 60.17 pips124570MT4, MT5, cTrader
4.29 /5
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82% of retail CFD accounts lose money
F006316GBP 030:1Excellent0.70 pipsUSD 70.70 pips421157xStation5
4.34 /5
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75.6% of retail CFD accounts lose money
F003742GBP 030:1Excellent1.00 pipsUSD 100.00 pips18870MT4
4.29 /5
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71.58% of retail CFD accounts lose money
F003333GBP 10030:1Excellent1.40 pipsUSD 140.40 pips224170MT4, MT5, cTrader, FxProEdge
4.02 /5
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74% of retail CFD accounts lose money
F000048GBP 10030:1Standard1.20 pipsUSD 120.10 pips31070MT4, MT5
Amana Capital
3.83 /5
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72% of retail CFD accounts lose money
F003269GBP 5030:1Standard1.40 pipsUSD 141.30 pips43066MT4, MT5

DFSA Forex Broker Regualtion

What is the DFSA?

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.

What does the DFSA do?

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.

What is the goal of the DFSA?

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.

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 180 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 200 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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