Min. Spread
0.6 pips
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Middle East
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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).
Best DFSA Regulated Forex Broker
4.21
Most retail CFD accounts lose money. Your capital is at risk.One of the most respected Forex brokers in the industry, well regulated by the FCA and CySEC, and with over 870,000 client accounts in 173 countries. FxPro is a powerhouse in the industry and very well respected among traditional brokers.
With MT4, MT5, cTrader and a browser-based platform, a reasonable 100 USD opening deposit and outstanding customer service, FxPro also offers competitive spreads – often as low as 0.6 pips – to match profitability with security.
3.89 
Most retail CFD accounts lose money. Your capital is at risk.HYCM’s parent company has been involved in asset trading for over 40 years and its various subsidiaries are regulated by the FCA, CySEC and the DFIC. Primarily a market-maker broker, HYCM still offers attractive trading conditions, and has a market-execution account for those who prefer commission over wider spreads. Support for both MT4 and MT5 is offered alongside a comprehensive market education suite that will be beneficial for all traders.
HYCM offers its clients an opportunity to trade on more than 300 financial instruments including a number of currency pairs, commodities, stocks and cryptocurrencies.
4.43 
Most retail CFD accounts lose money. Your capital is at risk.AxiTrader is an ASIC and FCA regulated ECN broker for serious traders. While the trading platform choice is limited to MT4, Axitrader has received industry recognition for their setup including Best MT4 Broker 2018 (Compare Forex Brokers Australia) and Best MT4 Provider 2018 (UK Forex Awards).
Both accounts at AxiTrader require no minimum deposit, though a minimum of 200 USD is recommended. Spreads are tight, commission on the Pro Account is competitive, and educational and analytical support is good for beginners.
4.05 Most retail CFD accounts lose money. Your capital is at risk.Amana Capital is a very well-regulated broker with a strong focus on new traders; beginners will find a helpful and well-structured education section and relatively tight spreads on its cheapest account – though trading conditions do improve substantially on the more expensive accounts.
We also like that both MT4 and MT5 are supported and that traders have free access to both AutoChartist and Trade Captain – two excellent third-party analysis applications.
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.
