Best Forex Brokers 2026: Top 10 Regulated Brokers Compared

Choosing a forex broker is the single most consequential decision in a trader’s journey, and with hundreds of brokerage firms worldwide, telling a properly licensed company apart from one that simply looks the part is not easy. The hard part is rarely the marketing — it is finding out which legal entity you will actually sign a client agreement with, and what that entity publishes about its own terms. That question gains a second layer under introducing broker arrangements, where the firm you deal with and the firm carrying the account are not the same company.

This 2026 guide covers ten global forex brokers that serve traders in the Middle East. For each one we read the official pages of the entity that serves this region and recorded what it publishes: the licence number, the minimum deposit per account type, the spread and commission format, and whether a swap-free account is offered and on which accounts. Anything the company does not publish is written here as ‘Not disclosed’ rather than replaced with an estimate.

What makes a forex broker trustworthy?

A trustworthy broker is licensed by a recognised regulator, keeps client money segregated from its own, executes orders transparently, and lets you withdraw without obstruction. The licence is the first line of defence: regulators such as the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC) impose capital, disclosure and client-money segregation requirements. What matters in practice is not how many licences a group displays, but which single entity you sign the client agreement with — check that entity’s licence number on the regulator’s own website, and walk away from any firm that promises guaranteed returns, stalls withdrawals, or hides its legal entity.

How to choose a forex broker

The right broker combines a licensed entity whose licence number you can verify, clearly published trading costs, a minimum deposit that suits your capital, a platform you know, support in your language, and a swap-free account if you need one. Here is each criterion in detail.

Before opening an account anywhere, work through these seven criteria — they decide how well a broker fits what you actually need:

The main forex regulators

The strictest regulators of forex brokers are the UK FCA, Australia’s ASIC and the US CFTC/NFA, followed by CySEC and the regional authorities; the level of protection varies with the tier of the authority.

A licence is the first line of defence for a trader’s money. Regulators are commonly grouped into three tiers by how strict their requirements are:

Tier 1 — the strictest

• FCA — Financial Conduct Authority, United Kingdom
• ASIC — Australian Securities and Investments Commission
• CFTC / NFA — the US forex regulators
• FINMA — Swiss Financial Market Supervisory Authority
• FSA Japan — Japanese Financial Services Agency

Tier 2 — moderately strict

• CySEC — Cyprus Securities and Exchange Commission
• FSCA — Financial Sector Conduct Authority, South Africa
• DFSA — Dubai Financial Services Authority
• CMA — Capital Markets Authority, United Arab Emirates (formerly SCA)
• JSC — Jordan Securities Commission
• BaFin — Federal Financial Supervisory Authority, Germany

Tier 3 — lighter regulation

• FSA Seychelles — Financial Services Authority, Seychelles
• FSC Belize — Financial Services Commission, Belize
• FSC Mauritius — Financial Services Commission, Mauritius
• BVI FSC — Financial Services Commission, British Virgin Islands

Full comparison of the top 10 forex brokers

For each of the ten brokers in this guide, the table shows the licensed entity that serves a reader in this region and its licence number, the minimum deposit as the company publishes it per account type, and the availability of a swap-free account. Anything the company does not publish officially is written as ‘Not disclosed’ and has not been replaced with an estimate:

Broker	Serving entity and licence	Minimum deposit	Swap-free account	Review
#1 by our criteria	Exness (SC) Ltd — Seychelles — FSA no. SD025	Standard and Standard Cent: no fixed figure published · Pro, Zero and Raw Spread: from $200	Yes — granted automatically to accounts registered from Islamic countries	Exness review Open account
	XS Ltd — Seychelles — FSA no. SD089	Standard, Cent and Micro: no minimum · Pro and Elite: $500 · VIP: $100,000	Yes, on every account type	XS review Open account
	XM Global Limited — Belize — FSC no. 8557558	Standard and Ultra Low: $5 · Shares: $10,000	Yes, as a standard option on every account type	XM Group review Open account
	Tickmill Ltd — Seychelles — FSA no. SD008	100 on all three live accounts	Yes — any Classic or Raw account can be converted	Tickmill review Open account
	Exinity Limited — Mauritius — FSC no. C113012295	Edge: $50 · Advantage Plus and Advantage Stocks: $200 · Advantage: $500 · Micro: 3,000 in cent currency	Yes on Advantage and Advantage Plus; not available on Edge	FXTM review Open account
	FBS Markets Inc. — Belize — FSC, incorporation certificate no. 000001317	From $5, varies by payment method	Yes, as an option enabled on any live account	FBS review Open account
	Equiti Securities Currencies Brokers LLC — UAE — CMA category 1 licence no. 20200000026	Classic: no minimum · Standard: $100 · Premier: from $3,000	Swap Free Mini account, while deposits stay under $25,000	Equiti Group review Open account
	Raw Trading Ltd — Seychelles — FSA no. SD018	Standard and Raw Spread: zero · Raw Pro: $5,000 · Raw Pro +: $100,000	Yes, on Raw Spread and Standard accounts	IC Markets review Open account
Admiral	Not disclosed — no published entity serving this region was found	Not disclosed	Not disclosed	Review coming soon Open account
	Amana Financial Services (Dubai) Limited — Dubai — DFSA licence F003269	Not disclosed	Not disclosed as an account type	Amana Capital review Open account

How to read the table: the entity column shows the legal company a trader in this region contracts with and its licence number at its own regulator — not every entity the group operates worldwide, because terms differ substantially from one entity to another inside the same group. The minimum-deposit column is read per account type, because a single figure never represents a whole broker. Verify the licence number on the regulator’s website before depositing anywhere.

1. Exness — Best Overall

Exness operates through several legal entities, and the one that serves Middle East clients is Exness (SC) Ltd, licensed by the Financial Services Authority of Seychelles (FSA) under number SD025. The group was founded in 2008 and today publishes five account types, from a cent account through to the Raw Spread and Zero accounts aimed at active traders. The figures below are published at account-type level rather than per currency pair, because the company does not publish a fixed spread for any individual pair.

Exness strengths

• Spreads from 0.0 pips on the Zero and Raw Spread accounts, and from 0.1 on Pro — as account-level figures
• Swap-free account granted automatically to accounts registered from Islamic countries, covering the whole account
• No withdrawal fee from the company, which also absorbs third-party charges
• Automated withdrawal processing: more than 98% of withdrawals are processed automatically, and anything not instant is executed within 24 hours
• Five account types covering beginners through to professionals under the same entity
• Multiple platforms: MetaTrader 4, MetaTrader 5, Exness Terminal and the Exness Trade app
• Arabic-language support via live chat and email

Exness account types

Exness limitations

• CFD trading only — you do not own the underlying asset
• Educational material is thinner than at brokers such as IG or Saxo
• The entity serving a reader in this region is licensed by the Seychelles authority, a tier-3 regulator in the classification above, while the group’s European and UK entities serve other markets

Read more: Full Exness review 2026

2. XS — Accounts with no published minimum deposit

XS is a brokerage brand, and the single entity serving a reader in this region is XS Ltd, registered in Seychelles under company number 8428765-1 and licensed by the Financial Services Authority there (FSA) under number SD089. That is the contracting party named in the client services agreement and in the footer of the registration page. The company publishes six main account tiers, from a cent account up to VIP, and publishes an average EUR/USD spread per tier rather than one figure for the whole firm.

XS strengths

• No published minimum deposit on the Standard, Cent and Micro accounts
• A swap-free account is available on every account type and is granted automatically to clients in Islamic countries
• Six account tiers covering cent trading through to professional trading under the same company
• MetaTrader 4 and MetaTrader 5 alongside the XS Trading app
• Instant deposits published for Visa and Mastercard from $20, and Skrill and Neteller from $15
• Published grace periods before holding fees vary by instrument: 10 days on EUR/USD and GBP/USD, 5 days on gold

XS account types

The spread figures above are the previous day’s average as published by the company; the spread is floating and moves with market conditions.

XS limitations

• The entity a trader contracts with is licensed by the Seychelles FSA, a tier-3 regulator in the classification above
• The official account pages name neither the entity nor the region, and terms may differ by registration region
• Leverage values inside the equity bands are not published — only the band boundaries are
• The company does not publish spread figures for gold, GBP/USD or USD/JPY
• The bank-transfer minimum is $300 and processing takes one to seven business days
• Deposit fees are not disclosed

Read more: Full XS review 2026 · the company’s official site

3. XM Group — Best for Beginners

XM Group operates through several legal entities. The default entity on xm.com, which serves most Middle East clients, is XM Global Limited, licensed by the Financial Services Commission of Belize (FSC) under number 8557558. A separate local entity, Trading Point MENA Limited, is licensed by the Dubai Financial Services Authority (DFSA) under reference F003484 and is reached through the xm.com/mena path. The two entities differ substantially, particularly on leverage, so check which one you are registering with.

XM Group strengths

• $5 minimum deposit on the Standard and Ultra Low accounts
• Three published account types: Standard, Ultra Low and Shares
• A swap-free account available as a standard option on every account type
• More than 1,400 instruments published
• MetaTrader 4 and MetaTrader 5 on Windows, Mac, web and mobile, plus the XM app
• A locally licensed entity under the DFSA in Dubai for traders who prefer to contract inside the region

XM account types

XM Group limitations

• The company publishes no spread figures for individual pairs; the published statement is a general ‘from 0.8 pips’ attributed to neither a pair nor an account type
• Commission is not published on this entity’s pages, and the agreement refers to the commission schedule inside the platform
• Deposit and withdrawal methods and their fees are not published as a list or a fee table on the public pages
• No numeric inactivity fee is published for this entity
• The default entity is licensed in Belize, a lighter-touch authority than the tier-1 regulators
• The Shares account requires $10,000

Read more: Full XM Group review 2026

4. Tickmill — Best for Scalpers

The international entity serving Middle East clients through tickmill.com is Tickmill Ltd, licensed by the Financial Services Authority of Seychelles (FSA) under licence number SD008. The group runs other entities on different terms, each licence attributed to its own entity: Tickmill UK Ltd — FCA no. 717270 · Tickmill Europe Ltd — CySEC no. 278/15 · Tickmill South Africa (Pty) Ltd — FSCA no. FSP 49464 · and a Dubai representative office belonging to the UK entity and regulated by the DFSA under reference F007663.

Tickmill strengths

• A single 100 minimum across all three live accounts: Classic, Raw and TradingView Raw
• Spreads from 0.0 pips on the Raw account against a $3 per lot, per side commission
• More than 600 CFDs, including more than 60 currency pairs
• Four platforms: MetaTrader 4, MetaTrader 5, TradingView and Tickmill Trader
• A swap-free account by converting any Classic or Raw account
• No deposit commission on any method, and the company absorbs bank charges on deposits above $5,000
• A withdrawal minimum of 25, processed within one business day

Tickmill account types

Tickmill limitations

• The entity a reader in this region contracts with is licensed by the Seychelles authority, tier 3 in the classification above
• A contractual exception lets the company charge a withdrawal commission of up to 5.2% where there has been insufficient trading activity between the last deposit and the withdrawal request
• An inactivity fee of 10 per quarter applies after 12 months and 10 days without activity, where the balance is 50 or less
• The TradingView Raw spread is not published
• Holding fees on the swap-free account apply to selected instruments after a grace period, plus a 10% annual charge on long crypto positions after 5 days
• VPS is provided through an external partner and its pricing and free-tier conditions are not published

Read more: Full Tickmill review 2026

5. FXTM (ForexTime) — Best for the Egyptian Market

The entity serving clients in this region is Exinity Limited, licensed by the Financial Services Commission of Mauritius (FSC) as an investment dealer under number C113012295 (company registration C119470 C1/GBL). It is the entity shown in the footer of both the English and Arabic versions of the site, and it is also licensed by the Financial Sector Conduct Authority of South Africa (FSCA) under number FSP 50320. The company publishes five live accounts, each on different terms.

FXTM strengths

• Five live accounts: Edge, Micro, Advantage, Advantage Plus and Advantage Stocks
• The Edge account from $50, with spreads from 1.2 pips
• The Advantage account with spreads from 0.0 pips on forex against a $3.5 per lot, per side commission
• The Micro account opens with 3,000 units in cent currency on MetaTrader 4
• A swap-free account on Advantage and Advantage Plus
• Varied funding routes: cards, crypto, e-wallets, bank transfers and local payment solutions

FXTM account types

FXTM limitations

• The swap-free feature is not available on the Edge account
• The detailed names of deposit and withdrawal methods are not published publicly
• The original deposit must be withdrawn through the same payment method used to fund the account
• The company reserves the right to charge the equivalent of incurred bank fees, or 3% of the withdrawal amount, where there has been no trading activity
• There is a conflict inside the official source on the first minimum deposit: one page states $200 and another $50
• No spread figures are published for individual pairs; the published numbers are per account type in a ‘from’ format

Read more: Full FXTM review 2026

6. FBS — Best for Small Accounts

The international entity serving Middle East clients is FBS Markets Inc., registered in Belize under incorporation certificate number 000001317 and regulated by the Financial Services Commission (FSC) there. The separate European entity, Tradestone Limited, licensed by CySEC under number 331/17, operates on entirely different terms that do not apply to a reader in this region: maximum leverage of 1:30 and a €100 minimum deposit on the Standard account. The company is the official sponsor of FC Barcelona.

FBS strengths

• Minimum deposit from $5, varying by payment method
• Two live accounts: Standard and Cent, plus a demo account
• No trading commission — no per-lot commission schedule is published for any account type
• A swap-free option that can be enabled on any live account at creation or from the account settings
• MetaTrader 4 and MetaTrader 5 on Windows, Android, macOS, iOS and web, plus the FBS app
• Withdrawals processed within 24 hours, with e-wallets on the same day

FBS account types

FBS limitations

• Leverage reaches 1:3000 but is conditional on account equity and is adjusted automatically on open positions — high leverage magnifies losses as much as gains
• The full list of deposit and withdrawal methods is not published; it appears inside the trader area according to country of residence
• On the swap-free account a fixed weekly commission is charged on exotic pairs if a position stays open from the second Sunday
• The deposit bonus amount itself is not withdrawable and expires automatically 28 days after the last deposit or trading activity
• The serving entity is registered in Belize, a lighter-touch authority than the tier-1 regulators
• The company publishes no spread figure specific to any individual pair

Read more: Full FBS review 2026

7. Equiti Group — Best for the Gulf Market

Equiti’s terms differ substantially depending on the entity a client registers under. The UAE entity, Equiti Securities Currencies Brokers LLC, is licensed by the Capital Markets Authority of the UAE (CMA, formerly SCA) under category 1 licence number 20200000026 and category 5 licence number 20200000352, with leverage up to 1:500. A separate international entity, Equiti Brokerage (Seychelles) Limited, is licensed by the Seychelles FSA under number SD064 with leverage up to 1:2000. The values shown here are those of the UAE entity.

Equiti Group strengths

• A locally licensed entity inside the UAE, under the Capital Markets Authority
• The Classic account has no minimum deposit
• The Premier account shows a zero-pip spread on EUR/USD and USD/JPY against a $3.5 per lot, per side commission
• Zero deposit fees on all published methods
• Varied payment routes: Apple Pay, Google Pay, Visa, Mastercard, Skrill, Neteller and bank transfer
• MetaTrader 4, MetaTrader 5 and MQ WebTrader

Equiti account types

Equiti Group limitations

• The Swap Free Mini account is conditional on deposits staying under $25,000; beyond that an administrative fee applies after the grace period
• Withdrawal fees of 1%, capped at $30, apply on most methods, and $30 on international bank transfers
• The Classic account is available on MetaTrader 5 and MQ WebTrader only
• Inactivity fees and the instrument count are not disclosed
• Terms differ substantially between the UAE and international entities, so publishing one figure without naming the entity makes the comparison misleading
• The Premier account starts at $3,000

Read more: Full Equiti Group review 2026

8. IC Markets — Best for ECN

The international entity serving Middle East clients is Raw Trading Ltd, licensed by the Financial Services Authority of Seychelles (FSA) as a Securities Dealer under number SD018 (company registration 8419879-1), trading under the IC and IC Markets Global names. The group runs two other entities, each licence attributed to its own entity: IC Markets (EU) Ltd — CySEC licence 362/18 · International Capital Markets Pty Ltd — ASIC, AFSL no. 335 692.

IC Markets strengths

• No minimum deposit on the Standard and both Raw Spread accounts
• Five account types: Standard, Raw Spread on MetaTrader, Raw Spread on cTrader, Raw Pro and Raw Pro +
• Spreads from 0.0 pips on the Raw Spread accounts against a published commission per platform
• Five platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView and WebTrader
• No deposit or withdrawal fees from the company, and no inactivity fee
• A swap-free account on Raw Spread and Standard across more than 90 instruments

IC Markets account types

IC Markets limitations

• The Standard account spread is not settled officially — two official pages on the same domain give widely different values
• Holding fees apply to overnight positions on the swap-free account after a 5-day grace period, and additional documents may be requested
• International bank transfers can take up to 14 days and carry intermediary or beneficiary bank charges
• Leverage is tied to position size rather than account balance, falls progressively as lot count rises, and is cut during high margin requirement periods
• The entity a reader in this region contracts with is licensed by the Seychelles authority, tier 3 in the classification above
• The Raw Pro and Raw Pro + accounts require $5,000 and $100,000 respectively

Read more: Full IC Markets review 2026

9. Admiral Markets — Best for Multi-Asset Trading

Admiral Markets was founded in 2001 and is headquartered in Estonia. However, verification did not find an official page setting out the terms of an entity serving Middle East clients, and every documented term below belongs to the European entity Admirals Europe Ltd, licensed by the Cyprus Securities and Exchange Commission (CySEC) under number 201/13 (company registration 310328, Limassol). That is precisely why the leverage, spread and minimum deposit figures are left as ‘Not disclosed’ in the comparison table rather than filled with a number that does not apply to you.

Admiral Markets strengths

• A long track record: founded in 2001
• Fee-free deposit methods at the European entity: bank transfer, Visa, Mastercard, Klarna, Skrill and Brite
• MetaTrader 4 and MetaTrader 5 plus WebTrader
• A swap-free account on the Trade.MT5 account at the European entity

Admiral Markets limitations

• There is no published entity serving Middle East clients, so no specific terms can be attributed to a reader in this region
• Two independent readings of the same page returned entirely conflicting leverage figures; the site most likely varies its content by visitor location
• The spread, minimum deposit and instrument count are not settled officially
• At the European entity the swap-free account is unavailable to anyone who already holds a non-Islamic account, and an administrative fee applies to trades held for more than 3 days (one day for some instruments)
• We do not yet publish a standalone review of this broker

10. Amana Capital — Best for the Levant Market

The licensed entity serving clients in this region is Amana Financial Services (Dubai) Limited, licensed by the Dubai Financial Services Authority (DFSA) under licence number F003269. The group runs other entities on different terms, each licence attributed to its own entity: Amana Capital S.A.L. — Capital Markets Authority of Lebanon, licence no. 26 · Amana Capital LTD — CySEC licence 155/11 · AFS Global Ltd — LFSA Malaysia (Labuan) licence MB/18/0025 · ACG International Limited — FSC Mauritius licence C118023192.

Amana Capital strengths

• A DFSA-licensed entity inside the Dubai International Financial Centre
• Three MetaTrader accounts: MetaTrader 4 (Hedged) with more than 100 instruments, and MetaTrader 5 in both Hedged and Netting modes with more than 3,700
• Additional platforms: the amana app and the amanaWeb browser platform
• Zero fees on card deposits and withdrawals as published
• Three account tiers: Core, Plus and Max
• A Sharia-compliant asset tag inside the app, classified by an accredited Sharia advisory body

Amana Capital limitations

• There is no official announcement of an Islamic or swap-free account as an account type, and overnight fees remain in place on leveraged products
• Maximum published leverage is 200x on major forex on the Max tier only, with 25x as the default · gold 20x · crypto and US stock derivatives 2x
• The company publishes no spread figures for any pair; the only official claim is relative and cannot be verified
• The minimum deposit is not disclosed, and the upgrade conditions between tiers are not published
• The fee and account-type pages on the official site return a 403 error and could not be reached during verification
• Inactivity fees are not disclosed

Read more: Full Amana Capital review 2026

How to pick the right broker for you

Match the broker to your capital, your experience, and how you trade: a beginner needs a low minimum and a demo account, while an active trader needs a tight published spread with a known commission.

Which broker suits you depends on the kind of trader you are. Here is a quick guide to help you decide:

How to open a forex trading account

A forex account opens in minutes across four stages: register, verify your identity (KYC), deposit, then trade on the platform.

Once you have picked a broker, opening the account is straightforward and takes under ten minutes. The steps are much the same everywhere:

1. Go to the official site: confirm the exact URL to avoid cloned websites.
2. Register: email address, password and country of residence.
3. Pick the account type: read the minimum deposit and cost terms for that specific account, not the broker’s headline figure.
4. Verify your identity (KYC): upload an ID or passport and a proof of address such as a recent utility bill or bank statement.
5. Turn on two-factor authentication to protect the account.
6. Make a first deposit: start small and test the system.
7. Install the platform: MetaTrader 4, MetaTrader 5, or the broker’s own platform.
8. Test a withdrawal: withdraw a small amount to confirm the process before committing larger sums.

Warning signs: how to spot a scam forex broker

The clearest signs of a scam broker: no verifiable licence, promises of guaranteed profit, obstructed withdrawals, and pressure to deposit quickly.

Before moving on to the FAQ, here are the signals worth treating as red flags:

Read more: how to spot scam forex brokers

Spreads and trading costs

Real trading cost = spread + commission + overnight financing. The spread is measured in pips and works differently on a standard account (cost built into a wider spread, no separate commission) than on a raw or ECN account (a spread close to zero plus a commission). For an active trader what matters is the total cost, not the spread figure alone — see the guide to forex brokers with the lowest spreads to compare cost structures.

Note also how much each broker actually publishes. Several of the ten publish spreads only at account-type level in a ‘from’ format, and some publish nothing per pair at all — which is why this guide records account-level figures and marks per-pair values as not disclosed rather than quoting a number from a third party. Calculate the cost on the pair you actually trade, at the hours you actually trade, because spreads widen around news releases and in thin liquidity. Costs that arrive when nothing is traded at all are a separate matter, and what an inactivity fee actually is is covered on its own page.

Minimum deposit

There is no single minimum deposit across forex brokers, and often not even a single figure inside one broker. XM and FBS publish a $5 minimum, XS and IC Markets publish accounts with no minimum at all, Tickmill and Equiti start at 100 on their entry accounts, FXTM at $50 on the Edge account, and Exness’s professional accounts from $200. For detail see forex brokers by minimum deposit.

Remember that a minimum deposit is not the same as enough trading capital. Risk management needs a balance that can absorb normal market swings, so start small on a live account after testing, increase gradually as you gain experience, and never deposit money you need for essentials.

Islamic (swap-free) account

A swap-free account removes the overnight interest charged on eligible positions, which suits traders seeking Sharia compliance, and an administrative fee may replace it. Eight of the ten brokers in our table publish one, and its scope differs from broker to broker, while Admiral and Amana do not publish it for an entity serving this region. For the mechanics and the Sharia criteria see the guide to Islamic forex accounts.

A swap-free account is usually enabled after verification or on request, and some brokers restrict it to specific account types or instruments. Check the grace period per instrument and the administrative fee that replaces the swap before opening, and consult a trusted scholar if Sharia compliance is a priority for you.

Trading platforms: MetaTrader 4 and 5

The two best-known platforms are MetaTrader 4 and MetaTrader 5. MT4 is simpler and oriented to forex and CFDs, while MT5 is newer and broader (shares, futures and more analytical tools). Most of the ten brokers here support both, and IC Markets adds cTrader while Tickmill and IC Markets add TradingView. To understand account structures see types of forex brokers explained.

Beyond MetaTrader, several brokers publish their own platforms and mobile apps — Exness Terminal, Tickmill Trader, the FBS and XS apps, and amanaWeb. Pick the platform that supports how you trade, manual or automated through Expert Advisors, and that runs on all your devices, then test it on a demo account before relying on it with real money.

The best forex broker for each type of trader

The right answer depends on your segment, not on one general ranking:

• Beginners: a low minimum, a demo account and cent accounts — see best forex brokers for beginners.
• Active and scalping traders: a raw spread with a published commission — see the lowest-spread brokers.
• Traders needing Sharia compliance: a swap-free Islamic account.
• Traders in the Gulf: regional guides such as UAE-licensed forex brokers.
• Traders comparing by cost: brokers by minimum deposit.

Do not pick on a general ranking alone. Match the broker’s published terms to what you actually need — your capital, your trading style, the instruments you want, and any Sharia-compliance requirement — then test the platform on a demo account before funding it.

How we compared these brokers

We compared the ten brokers on five points only, each verifiable against the company’s own official sources: the legal entity a trader in this region contracts with and its licence number, the minimum deposit per account type, the spread and commission format as the company publishes it, the availability and scope of a swap-free account, and the supported platforms. Anything we could not find published on an official source is written as ‘Not disclosed’ and has not been replaced with an estimate or a figure taken from a third party. The numbering reflects our editorial assessment against those points and is not a recommendation to invest in any particular company. How a firm handles the risk behind a filled order is not one of the five, because the companies do not publish it; our page on A-book and B-book brokers sets out what can be checked instead.

Related guides you may find useful

Broker reviews

• Exness review
• XS review
• XM Group review
• Tickmill review
• FXTM review
• FBS review
• Equiti Group review
• IC Markets review
• Amana Capital review

Choosing and comparing brokers

• How to choose the best forex broker
• How to spot scam forex brokers
• Islamic (swap-free) forex accounts
• Forex brokers with the lowest spreads
• Forex brokers by minimum deposit
• Types of forex brokers explained
• Forex spreads explained
• Best forex brokers for beginners

Guides by region and level

• Best forex brokers in the Middle East
• UAE-licensed forex brokers
• Trusted forex brokers in Saudi Arabia
• Best forex brokers in Qatar
• Best forex brokers in Oman
• Best forex brokers in Bahrain

Disclosure: this page contains affiliate links to some brokers, and the XS section is a paid placement. We may earn a commission when you open an account through them, at no extra cost to you. This does not affect the values shown or how they are presented.

Frequently asked questions

Disclaimer: everything on this page is for educational purposes only and is not investment advice or a recommendation to open an account with, or invest in, any particular company. Trading CFDs and forex carries a high level of risk because of leverage, and 72% of retail investor accounts lose money when trading. Licences and terms are subject to change — please verify them directly on the companies’ official sites before making a decision, and consider consulting a licensed financial adviser.