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Forex Brokers in United Arab Emirates

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The United Arab Emirates is a popular jurisdiction for forex brokers, with many forex brokers having a registered office in the Middle Eastern nation. UAE also has several financial free zones where different rules apply. Sometimes, forex brokers in the UAE operate with only a representative license from the Central Bank of the UAE (CBUAE), while others are registered with the Dubai Financial Services Authority (DFSA) or overseen by some local regulatory agencies only.

The UAE has quickly grown to become a regional country for trading in all financial markets, with forex trading being no exception. It is partly because of the UAE's favorable tax policies.


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If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.


Additional FAQ

  1. Regulated in the UAE
  2. Sharia-law compliant
  3. Provides local deposit and withdrawal
  4. Support the local language
  5. Promotes bonus and reward programs for UAE traders

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Official regulators in the UAE are as follows:

  • The Dubai Financial Services Authority (DFSA)
  • The Abu Dhabi Global Market (ADGM)
  • The Securities Commission Authority (SCA)
  • Central Bank of the United Arab Emirates (CBUAE)

It is important to understand that the UAE is divided into two financial areas, namely the Mainland and Free Zones. Brokers who operate in the Mainland are regulated by the SCA or CBUAE. Meanwhile, DFSA and ADGM regulate brokers in the Free Zones, which are designated to encourage foreign investments and allow foreign-owned companies to be located.

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The official language of the UAE is Arabic, but in the court, there are five other official languages used namely English, Chinese, French, Hindi, and Russian. It would be great if you choose a broker that provides at least one of these languages on their website as a form of customer support and care. Also, find out if the customer service and mobile apps are available in your local language.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

Forex trading is 100% legal in UAE. In fact, compared to other countries, forex trading in the UAE is relatively safe and well-regulated. The financial regulation zone in UAE is divided into two central local regions: the Dubai International Financial Centre (DIFC) and the rest of the UAE.

The UAE has a regulatory system that consists of the Central Bank of Dubai, the Emirates Securities and Commodities Authority (ESCA), and the Ministry of Economy and Planning. Meanwhile, Dubai has its regulatory authority called the Dubai Financial Services Authority (DFSA).

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)