The rise in popularity of the Middle East trading market has been significant, with many well-known brokers registered in the region.。Which ones are most recommended？

Online trading begins to gain traction in Middle East。The data shows that from July 2020 to 2021, the UAE's global cryptocurrency market alone grew by 500%, followed by the stock market, which grew by 14% in early 2022..71%。As a result, the Middle East has become one of the preferred destinations for Forex and CFD brokers over the past few years.。

Dubai's popularity among financial brokers rises sharply。Due to its strategic location, Dubai is able to offer great opportunities for financial brokerage firms to expand their operations by setting up their headquarters there.。Other countries, such as Jordan, have also shown some interest in online trading, attracting financial firms from around the world, including forex and CFD brokers, by introducing technology-based approaches to financial regulation.。

Such a development is undoubtedly great for the industry, but can be a bit overwhelming and confusing for Middle Eastern traders.。Finding the right broker is no easy task, so we provide important factors to consider and some suggestions for the best brokers in the Middle East。

Important factors to consider

Choosing a broker can be difficult if you don't know what to look for, here are the important factors that determine a good Middle East broker:

• Regulatory status: The first thing is to ensure that the broker is legitimate and trustworthy。A fully regulated broker signing up means that it is regulated by at least one financial regulator, such as the Securities and Commodities Authority (SCA), Dubai Financial Services Authority (DFSA), Abu Dhabi Global Markets (ADGM) and the Jordanian Securities Commission.。Regulated brokers must comply with rules set by regulators to be able to provide a safer trading environment for their clients。

  Local offices: In addition to being regulated by local authorities, good brokers should also operate in the country and have local offices。This strengthens the presence in the region and optimizes services for customers who need help offline。

  Islamic Swap-Free Accounts: Most brokers charge a small amount of interest, called a swap fee, if a position is held overnight.。Since this kind of interest is illegal in sharia, you need to find a broker that offers a good swap-free account。This is especially important for brokers in the Middle East, as the region is known for its Muslim population and embraces Islamic values as national law.。

  Products: Each broker has a different set of rules and products, so it is important to figure out what they are offering before registering。Make sure the broker allows you access to the markets in which you are actively investing。

  Low spread: As a trader, it's perfectly normal to choose a broker with a lower fee。By reducing transaction costs, you can allocate funds to increase transaction size or for other purposes。

In addition to the above factors, it would be even better if the broker supports Middle Eastern languages on its website and allows the use of Middle Eastern currencies as one of its account currencies。

Admiral Markets (Jordan)

Since 2001, Admiral Markets has been committed to supporting the financial transactions of many traders around the world through its excellent trading conditions and trading ecosystem.。As an extension of the Admiral Markets Group, Admiral Markets Jordan has almost all the advantages offered by the main company and has made some adjustments for the Jordanian market, one of which is the availability of JOD (Jordanian Dinar) as the account currency。

Here are some details of Admiral Markets (Jordan) for Middle Eastern traders:

Broker	Admiral Markets, registered as Admiral Markets AS Jordan Ltd
Regulators in the Middle East	Jordanian Securities Commission (JSC), registration number 57026
Local Office	First Floor, Time Center Building, Um Uthaina Eritrea Street, Amman, Jordan
Islamic accounts	✔️
Trading products	Currency pairs, metal CFDs, energy CFDs, agricultural CFDs, index futures CFDs, commodity futures, cash index CFDs, equity CFDs, ETF CFDs, bond CFDs
Spread	From 0 o'clock

eToro

Founded in Tel Aviv in 2007, eToro is known as one of the best documentary and social trading platforms in the market.。Millions of customers around the world have enjoyed the benefits of the eToro deal and reaped substantial profits。eToro offers competitive FX asset spreads with a maximum leverage of 1: 30 for retail traders and 1: 400 for professional traders。In addition, eToro offers Islamic account types with a minimum deposit of $1,000 for Middle Eastern traders.。

Here are some details of what eToro is suitable for Middle Eastern traders:

Broker	eToro
Regulators in the Middle East	Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority approved in principle。
Local Office	x
Islamic accounts	✔️
Trading products	Cryptocurrencies, Stocks, Commodities, Indices, Currencies, ETFs, NFTs
Spread	From 1: 00

XM

XM is a reliable Forex and CFD broker, founded in 2009, serving clients from all over the world, including the Middle East.。Over the years, XM has performed well in the Middle East, winning the "Best Forex Education Broker in the Middle East and North Africa Region" award in 2021.。

Middle Eastern customers can enjoy many benefits from XM, including a low minimum deposit of just $5 and forex spreads as low as 0 pips。Customers can also change the language of the website to Arabic and top up their account using AED (UAE Dirham) through their local exchanger。In addition, the broker offers Islamic accounts that are fully compliant with Sharia law。However, if you hold a leveraged position overnight, a fixed commission will be charged instead of a percentage-based funding rate。

Here are some details of what XM is suitable for Middle Eastern traders:

Broker	XM, registered as Trading MENA Limited
Regulators in the Middle East	Dubai Financial Services Authority (DFSA) License No.: F003484
Local Office	Unit S1302, 13th Floor, South Tower, Emirates Financial Building, Dubai, UAE
Islamic accounts	✔️
Trading products	Forex, Cryptocurrencies, Equity CFDs, Commodities, Equity Indices, Precious Metals, Energy, Equities
Spread	Down to 0.6 o'clock

HF Markets

HF Markets is a global Forex and CFD broker founded in 2010.。The broker has been licensed in several countries, including the UAE。Middle Eastern customers can enjoy several advantages on HotForex, such as a minimum deposit from $5 and a foreign exchange spread from 0.From 3 o'clock。The broker accepts the dirham as the account base currency, so it is definitely easier for Middle Eastern traders to deposit。Users can also open Islamic accounts and trade on request without paying overnight fees。

Here are some details of HF Marktes for Middle Eastern traders:

Broker	HF Markets, registered as HF Markets (DIFC) Limited
Regulators in the Middle East	Dubai Financial Services Authority (DFSA) License No.: F004885
Local Office	Index Tower, 11th Floor, Unit 1106, Dubai, United Arab Emirates
Islamic accounts	✔️
Trading products	Forex, Metals, Energy, Indices, CFD Stocks, Commodities, Bonds, ETFs, Physical Stocks, Cryptocurrencies
Spread	From 0 o'clock

AvaTrade

Founded in 2006, AvaTrade was the first broker to receive a full Class 3A license issued by ADGM, which enabled the firm to serve retail and professional clients, and was the ninth global license the broker was granted.。AvaTrade even won the "Best Retail Broker in the UAE" award from Global Business Review magazine in 2021。

In terms of trading conditions, AvaTrade offers many huge advantages。First, the AvaTrade website supports Arabic, and there are more than 200 tradable assets to choose from, with relatively low spreads, from 0.From 9 o'clock。

Here are some of the details that make AvaTrade suitable for Middle Eastern traders:

Broker	AvaTrade, registered as Ava Trade Middle East Limited
Regulators in the Middle East	Abu Dhabi Global Market Full Class 3A License, License Number: 190018
Local Office	16-117, 16th Floor, Al-Khatem Tower, ADGM Plaza, Al Maryah Island, Abu Dhabi, United Arab Emirates
Islamic accounts	✔️
Trading products	Forex, CFDs (commodities, stocks, indices, ETFs, bonds and government bonds), common options, cryptocurrencies
Spread	1.From 3 o'clock

Pepperstone

Pepperstone is another popular broker, founded in 2010。Middle Eastern customers can open accounts without a minimum deposit, spreads can be as low as 0 pips, and Middle Eastern traders can choose to use Arabic on the site。

Here are some details of Pepperstone's suitability for Middle Eastern traders:

Broker	Pepperstone, registered as Pepperstone Financial Services (DIFC) Limited
Regulators in the Middle East	Dubai Financial Services Authority (DFSA) License No.: F004356
Local Office	Currency Tower 2, Al Fattan Money House - Unit PL-CT-00-15-OF-2A, 15th Floor, Dubai, United Arab Emirates
Islamic accounts	✔️
Trading products	Forex, Cryptocurrencies, Stocks, ETFs, Indexes, Commodities, Currency Indexes
Spread	From 0 o'clock

ADSS

Originally known as ADS Securities, the ADSS broker has been positioning itself for years as an award-winning MENA broker.。Their operations are based in Abu Dhabi, which makes their service the perfect solution for the Middle East market.。In fact, ADSS is the only broker in the UAE that processes transactions through UAEPGS, which is the UAE Central Bank's wire transfer payment method, which can provide safe and reliable funds to UAE customers in just 30 minutes.。

Here are some details of what ADSS is suitable for traders in the Middle East:

Broker	ADSS, registered as ADS Securities LLC
Regulators in the Middle East	As a trading broker in over-the-counter derivatives contracts and foreign exchange spot markets, regulated by the United Arab Emirates Securities and Commodities Authority (SCA)。 The company is registered with the Abu Dhabi Ministry of Economic Development (number: 1190047)
Local Office	Currency Tower 2, Al Fattan Money House - Unit PL-CT-00-15-OF-2A, 15th Floor, Dubai, United Arab Emirates
Islamic accounts	✔️
Trading products	Indices, Forex, Stocks, Cryptocurrencies, Commodities
Spread	0.From 7: 00

IG Markets

IG Markets is a well-known broker founded in 1974.。In the Middle East, IG Markets operates under the name IG Limited。For the past few years, IG Markets has been operating in the Middle East, helping the people of the UAE make informed trading decisions, making it one of the most trusted brokers in the region.。

IG Markets offers over 17,000 assets to Middle Eastern clients with spreads as low as 0.6, the site is also available in Arabic and other languages。Traders in the Middle East can use the Dirham as the base currency with a minimum deposit of Dirham 20,000 to open an account。However, the broker no longer offers Islamic accounts.。

Here are some details of what IG Markets is suitable for Middle Eastern traders:

Broker	IG Markets, registered as IG Limited
Regulators in the Middle East	Dubai Financial Services Authority (DFSA) License No.: F001780
Local Office	Al Fattan Currency Building, 27th Floor, Tower 2, Dubai, United Arab Emirates
Islamic accounts	❌
Trading products	Forex, Stocks, Indices, Commodities, Options Trading, Futures Trading, Cryptocurrencies, Spot Trading
Spread	0.From 6 o'clock

HYCM

Founded in 1977, HYCM is a trusted broker regulated in a number of countries including the UK, EU, UAE and Cayman Islands。

HYCM offers one of the best trading conditions for Middle Eastern traders。In addition to supporting Arabic on its website, the broker offers one of the lowest spreads in the industry, with Forex trading spreads from 0.From 1 o'clock, the fixed point difference is from 1.From 5: 00。The broker also accepts AED deposits and supports AED as the base account currency。

Here are the reasons why HYCM is suitable for traders in the Middle East:

Broker	HYCM, registered as Capital Markets (DIFC) Limited
Regulators in the Middle East	Dubai Financial Services Authority (DFSA) License No.: F000048
Local Office	903 Office, 9th Floor, Freedom House, Dubai International Financial Centre, United Arab Emirates
Islamic accounts	✔️
Trading products	Forex, Stocks, Indices, Cryptocurrencies, Commodities
Spread	0.From 1: 00

Conclusion

Today, many Middle Eastern countries and residents are very interested in online transactions to diversify their economies and thus avoid total dependence on oil.。In fact, online trading can be a great way to make money, but only if it's done properly。Choosing the right broker can be a bit difficult, with this guide, we provide all the information you need to pay attention to when choosing a broker in the Middle East。

It is worth mentioning that although all the brokers mentioned in this article are fully regulated, you still need to choose the range that best suits you.。For example, if you are a complete beginner, eToro may be your best choice because it offers documentary trading features。If you already have some experience, you can try Admiral Markets or even IG Markets to get the best overall trading conditions for professional traders。