Forex brokers in Middle-East
When we talk about forex brokerage and trading, we often refer to western countries. However, many countries are apart from Europe, North America, Singapore, and others with matured and well-developed forex markets. MENA, or the Middle East and North African countries, are also catching up quite fast in this area. Today, MENA is considered one of the most favored business and trade destinations in the world.
Because of its oil reserves, its role and importance are extraordinarily vital and critical. Further, it also is one of the most vital global currency exchange hubs in the world. Therefore, it is not surprising to note that some of the strongest, powerful and reputed forex brokers are either registered or incorporated in various MENA countries such as Kuwait, UAE, Israel, Tunisia, and Lebanon.
If an excellent broker wants to be the Best Forex Brokers in the Middle East, he needs to be the UAE’s top forex broker.
Top forex trading companies in Dubai and regulated forex brokers in UAE are :
Hotforex or HF Markets Forex Broker in the Middle East
This regulated forex broker has an Average Spread of EUR/USD around 1.2, an excellent dashboard for all clients, and fast deposit and withdrawal options. It has perfect regulations worldwide and in UAE and Europe, Canada, etc. Various platforms, mobile trading, a minimum deposit of $50, etc., are just part of the excellent conditions that this forex and CFD broker has.
Avatrade Forex Broker in the Middle East
This broker works since 2006. It has a lot of Islamic traders and excellent Islamic account conditions. This regulated broker offers spread from 1.3 pips for EURUSD and has fast deposit and withdrawal options.
XM Forex Broker in the Middle East
The broker claims to be a specialist for Islamic trading. It means that it pays to focus on trading following Islamic law, which bans dealing with interest. Here it means that there is no swap interest for overnight positions.
XM offers an Average Spread EUR/USD of around 1.6 pips. It is an FCA Authorised (UK) broker and regulated broker in the Middle East. The minimum Initial Deposit is $5. XM has excellent support and desktop and mobile web platforms.
Forex Trading companies in Lebanon
In this Table below are presented forex trading companies that have the most clients from Lebanon:
| Broker | |||||||||||
| Rating | IC Markets | eToro | XTB | Trading212 | FP Markets | Pepperstone | XM | Plus500 | FXPrimus | Roboforex | EasyMarkets |
| locality | ????? | ????? | ????? | ????? | ????? | ????? | ????? | ????? | ????? | ????? | ????? |
| Regulation | IC Markets accept Kuwait clients | eToro accept Kuwait clients | XTB accept Kuwait clients | Trading 212 accept Kuwait clients | FP Markets accept Kuwait clients | Pepperstone accept Kuwait clients | XM accept Kuwait clients | Plus500 accept Kuwait clients | FXPrimus accept Kuwait clients | Roboforex accept Kuwait clients | easyMarkets accept Kuwait clients |
| Min Deposit | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Funding | 200 | 200 | No minimum deposit | 1 | 100 | 200 | 5 | 100 | 100 | 1 | 100 |
| Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | Bank transfer | |
| Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | Credit Card | |
| Paypal | Paypal | Paypal | Paypal | Paypal | Paypal | Paypal | Paypal | Paypal | Paypal | Paypal | |
| Used By | |||||||||||
| Benefits | 60,000+ | 12,000,000+ | 250,000+ | 14,000,000+ | 10,000+ | 10,000+ | 70,000+ | 15,500+ | 10,000+ | 10,000+ | 142,500+ |
| Allows scalping | Offers STP | Allows scalping | Allows hedging | Allows scalping | Allows scalping | Allows scalping | Low min deposit | Allows scalping | Allows scalping | Allows scalping | |
| Allows hedging | Low min deposit | Allows hedging | Offers STP | Allows hedging | Allows hedging | Allows hedging | Offers Negative Balance Protection | Allows hedging | Allows hedging | Allows hedging | |
| Low min deposit | Offers STP | Low min deposit | Offers STP | Offers STP | Low min deposit | Offers STP | Offers STP | Low min deposit | |||
| Offers Negative Balance Protection | Low min deposit | Guaranteed stop loss | Low min deposit | Low min deposit | Offers Negative Balance Protection | Low min deposit | Low min deposit | Guaranteed stop loss | |||
| Offers Negative Balance Protection | Offers Negative Balance Protection | Offers Negative Balance Protection | Offers Negative Balance Protection | Offers Negative Balance Protection | |||||||
| Accounts | |||||||||||
| Demo account | Demo account | Pro account | Demo account | Demo account | Demo account | Demo account | Demo account | Demo account | Demo account | Demo account | |
| Mini account | Micro account | Demo account | Mini account | Mini account | Micro account | Standard account | Micro account | Micro account | Micro account | ||
| Standard account | Mini account | Micro account | Standard account | Standard account | Standard account | Islamic account | Mini account | Mini account | Mini account | ||
| Zero spread account | Standard account | Mini account | Zero spread account | ECN account | Zero spread account | Standard account | Standard account | Standard account | |||
| Raw Spread account | Islamic account | Standard account | ECN account | Islamic account | Islamic account | ECN account | Zero spread account | Islamic account | |||
| Islamic account | Islamic account | Managed account | Managed account | ECN account | |||||||
| Islamic account | Islamic account | Islamic account | |||||||||
| Spreads | |||||||||||
| fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | fixed spreads | |
| variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | variable spreads | |
| Platforms | |||||||||||
| Support | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
| Live chat | Live chat | Live chat | Live chat | Live chat | Live chat | Live chat | Live chat | Live chat | Live chat | Live chat | |
| Phone support | Phone support | Phone support | Phone support | Phone support | Phone support | Phone support | Phone support | Phone support | Phone support | Phone support | |
| Email support | Email support | Email support | Email support | Email support | Email support | Email support | Email support | Email support | Email support | Email support | |
| Learn More | |||||||||||
| SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | SIGN UP WITH | |
| Risk Warning | ICMARKETS | ETORO | XTB | TRADING212 | FPMARKETS | PEPPERSTONE | XM | PLUS500 | FXPRIMUS | ROBOFOREX | EASYMARKETS |
| Demo | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider. | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
| IC MARKETS | ETORO | XTB | TRADING 212 | FP MARKETS | PEPPERSTONE | XM | PLUS500 | FXPRIMUS | ROBOFOREX | EASYMARKETS | |
| Excluded Countries | DEMO | DEMO | DEMO | DEMO | DEMO | DEMO | DEMO | DEMO | DEMO | DEMO | DEMO |
| AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US, IN, PK, BD, NG , ID, BE | US | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US |
They are innovative and enterprising.
It would also be pertinent to mention here that the MENA region has rich experience and expertise in trading, launching, investing, and other innovative projects. Further, it would also be pertinent to mention here that the currency exchange activities in many of the MENA countries have, over the years, become an integral part of the business profile or the entire region. They are often considered to be the drivers, movers, and shakers of the forex business in this part of the world.
This perhaps explains that a few MENA countries regularly attract some of the most famous and popular conferences and expos focused on Forex investment and other such commodity trading activities. Hence, if you are keen on associating with some of the best forex brokers in the Middle East, you will not have much of a problem. Apart from crude oil exports, forex trading and real estate activities are pretty solid and impressive in many middle-east countries. These events attract thousands of visitors from across the world. They include some of the most famous forex traders and brokers from various countries in the west and other parts of the world. Many of them use these expos, conferences, and events as a meaningful launch platform for the new B2B contacts. This helps them to ensure that the projects get started relatively quickly, especially in these MENA nations.
What makes them so very different?
Though there are thousands of forex brokers worldwide, many brokers in the MENA countries have made a special place for themselves over the years. This is because of their reputation for being safe and reliable brokers. Further, some of the countries in the middle-east also offer secure and dependable business destinations. They also provide comfortable business and trading conditions for all their clients. This includes both private traders and also large-sized financial institutions.
There Are Many Traders
Once you have been able to gather some information and gain some knowledge about these forex brokers in the middle-east, you will be able to shortlist and then pick and choose the best based on their expertise, experience, and other attributes. However, before deciding to do business with them, it would be prudent to take the required inputs and hire them only after going through the good due-diligence process.
