Best Forex Brokers in the Middle East
Traders often feel stuck when it’s time to pick the best trading companies. It can seem complicated, but you don’t actually need to search far and wide for the best forex brokers out there. Here at Easy Trade Web, we’ve done that work for you — below is a list of top trading companies so you can pick the one that fits your needs.
Best Forex Brokers in the World
There’s a lot to weigh when picking the best trading company — licensing, account types, deposit methods, and more. But you don’t need to dig through all of that yourself. What follows here has already been researched and verified: the best forex brokers we’re covering today.
IC Markets
The last company on our list of the best forex brokers in the world is the Australian broker IC Markets. Founded in 2007, it’s a solid name with a strong reputation among traders worldwide, and it holds one of the toughest licenses out there — from Australia’s ASICThe broker offers three account types, each compatible with a range of trading platforms — MetaTrader 5, MetaTrader 4, and cTrader.It works to earn client trust with low trading costs — fees as low as $0.02 per share and 0.1 pips on currency pairs.It also offers a multi-account manager tool that lets client funds be managed through flexible, specialized methods, with a minimum deposit of $200.
FP Markets
FP Markets is a forex trading services broker. It gives traders access to a wide range of instruments across multiple markets — currencies, indices, and commodities.
To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, FP Markets offers a demo account you can use to practice on their platform and get familiar with it first.
Regulated by Australia’s ASIC, FP Markets keeps all client funds in a segregated bank account and uses top-tier banks for that purpose. FP Markets was founded in 2005 and is headquartered in Australia.
Before getting into more detail on FP Markets’ spreads, fees, platforms, and trading features, you might want to open the FP Markets website in a new tab by clicking the button below to see the latest information straight from FP Markets.
AxiaTrade
Axia.Trade is an advanced financial services company headquartered in Seychelles. It offers clients strong solutions when it comes to analysis tools and different account types suited to all kinds of traders.
The broker offers four account types that differ in minimum deposit, starting at $500, and in leverage, starting from 1:100, along with other features like trading signals, educational programs, and more.
The company holds a license from the Seychelles FSA as well as a license from the Cyprus Securities and Exchange Commission, and it offers a number of convenient deposit and withdrawal methods for clients, including credit cards, e-wallets, and bank transfers.
FXTM
Our second pick, and one of the best forex brokers in the world, is FXTM. It offers solid trading conditions and supports a wide range of instruments — stocks, currencies, commodities, metals, indices, and more.This broker may suit beginners without much capital better, since it supports deposits starting at just $10 and trading on both MetaTrader 4 and MetaTrader 5.FXTM offers several fee-free deposit and withdrawal methods, including Mastercard, Skrill, Neteller, and bank transfer. It also offers a handy feature for Egyptian traders, letting them move funds in Egyptian pounds to bank accounts easily without needing an intermediary.Read also: Is FXTM a scam?
Frequently Asked Questions
How do I know if a broker is licensed in Saudi Arabia? You can verify a broker’s license by searching for its details on the official websites of the relevant regulatory authorities. You can also enter the broker’s license number on the regulator’s site to confirm it’s valid.Is Exness a scam? No. Exness is one of the strong trading companies with a solid track record, and it holds licenses from some of the world’s major regulatory bodies.What are the best trading platforms? The right trading platform depends on the trader’s needs and what it offers. Among the best free platforms is MetaTrader, in its two versions — MetaTrader 4 and MetaTrader 5 — and among the best paid platforms is TradingView.What are the best forex brokers? The companies we covered in this article are among the best trading companies in the world, topped by Exness, which has a strong reputation and solid client reviews across the Arab world.Read also: Forex regulatory and licensing websitesTop 5 financial brokerage companies in Egypt
Disclaimer: This article is for educational purposes only and is not investment or financial advice. Trading forex and CFDs carries a high level of risk, including the possible loss of more than your initial deposit due to leverage, and may not be suitable for every investor. Broker rankings and figures mentioned above can change — always confirm current licensing, spreads, and terms directly on the broker’s or regulator’s own website before depositing funds. Easy Trade Web may earn a commission from some of the brokers linked in this article, at no extra cost to you. For how it compares with other brokers, see our forex broker comparison guide.