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.

EditorEditor: Alison HeyerdahlUpdated: May 8, 2024

Last Updated On May 8, 2024

Jeffrey Cammack
  • Pepperstone - Best Overall Broker
  • XTB - Most Trusted Broker
  • Axi - Best Trading Conditions
  • FxPro - Best Trading Platforms
  • HYCM - Most Assets Available

The best DFSA-regulated Forex brokers 2024

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Broker
Broker Score
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
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89%74- of retail CFD accounts lose money
F004356GBP 030:1Excellent1.00 pipsUSD 100.17 pips1275100MT4, MT5, cTrader, TradingView
XTB
4.39 /5
Read Review
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78% of retail CFD accounts lose money
F006316GBP 030:1Excellent0.70 pipsUSD 70.70 pips521157xStation5
Axitrader
4.44 /5
Read Review
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75.6% of retail CFD accounts lose money
F003742GBP 030:1Excellent1.00 pipsUSD 100.00 pips18870MT4
FxPro
4.39 /5
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71.58% of retail CFD accounts lose money
F003333GBP 10030:1Excellent1.40 pipsUSD 140.40 pips224170MT4, MT5, cTrader, FxProEdge
HYCM
4.12 /5
Read Review
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74% of retail CFD accounts lose money
F000048GBP 10030:1Standard1.20 pipsUSD 120.10 pips31070MT4, MT5

How did FxScouts choose the best DFSA-regulated Forex brokers?

When comparing the best DFSA-regulated Forex brokers in the UK, we:

  • Confirmed that the brokers accepted British traders and were regulated by DFSA, to ensure trader protection.
  • Assessed the brokers’ trading fees and platform options for UK residents by opening a live account and comparing the spreads on each instrument and platform to other brokers.
  • Checked the number of tradable instruments available through the broker for traders in the UK.
  • Reviewed the broker’s educational material and range of sources (such as e-books, webinars, glossary etc), to make sure they cater to all levels of traders, especially beginners.
  • Assessed the broker’s market analysis, including whether it is curated by an in-house research team or third-party providers, the quality of the material, and how frequently it’s updated.
  • Examined deposit and withdrawal options, costs and times for UK residents, e.g. if it’s possible to use instant banking and UK credit cards and what, if any, fees are involved.
  • Contacted customer support through the various channels offered by brokers, checking response time, service quality and whether or not they have a dedicated UK support team and phone number. 

Our Broker Score and Trust Rating

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories:

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features
  • Asset Selection: Forex, stocks, and other available instruments
  • Transactions: Simple and straightforward deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise

Learn how we set the standard for broker reviews. Explore our in-depth review process here.


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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: Leverage, market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection. Traders should not deposit any money that is not considered disposable income. 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 about these risks from the UK’s regulator, the FCA, or the Australian regulator, ASIC).

Our Rating & Review Methodology

Our overall Forex Rankings report and Directory of CFD Brokers to Avoid are the result of extensive research on over 180 Forex brokers. These resources help traders find the best Forex brokers – and steer them away from the worst ones. These resources have been compiled using over 200 data points on each broker and over 3000 hours of research. Our team conducts all research independently: Testing brokers, gathering information from broker representatives and sifting through legal documents. Learn more about how we rank brokers

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. 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, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

 

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AvaTrade
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Pepperstone
4.61 /5
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