Best Forex Brokers in UAE, Dubai for 2024

Broker
Regulated by	ASIC, CYSEC
Min. Deposit	$100
Tradable Assests	Forex CFDs,Commodities CFDs, Indices CFDs, Bonds CFDs, Digital currencies, Stocks CFDs, Futures CFDs
Currency Pairs	70+
Trading Platform(s)	MT4, MT5, cTrader
Order Execution	Under 40 Milliseconds
Leverage	1000:1
Trading Fees	Spreads from 0.0 pips, with a commission at $3.5 per lot traded on MT4/MT5 trading platform, $3.0 per lot traded on cTrader
Payment Methods	Bank / wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Web TV, Webinars, Podcast, Tutorial Videos
Bonus	❌
Customer Support	7/24 Multilingual

Established in 2007, IC Markets is an Australian broker. It has a solid trading platform, and it provides traders with access to a wide variety of assets like FX, indices, commodities, and cryptocurrencies. The broker supports trading on the widely used MetaTrader platform. IC Markets stands itself due to its low minimum spread of 0 pips and variable maximum leverage of 500:1. Orders are typically executed in less than 40 ms, which is an extremely quick execution speed. To further accommodate Islamic traders, IC Markets offers swap-free Islamic accounts in line with Sharia law.

✅Where IC Markets Shines:

• A trusted broker, with a solid reputation for providing transparent pricing and dedicated customer service

• Providing access to 2250 tradable instruments, including over 70 currency pairs

• Robust trading platforms, including MT4, MT5, cTrader, ensuring fast order execution

• Lower trading costs on cTrader platform, cTrader copy trading

•  7/24 multilingual customer service available in 16 languages, inquiries via email replied the same day

❌Where IC Markets Shorts:

• International Bank Wire Transfer takes up to 14 days, credit card withdrawals may not be for all countries

• Not globally regulated，investors in other countries may lack protection

• Demo account only lasts for 30 days 

Broker
Regulated by	ASIC, CYSEC, FSC, DFSA
Min. Deposit	$100
Tradable Assests	Forex, Cryptocurrencies, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies
Currency Pairs	50+
Trading Platform(s)	MT4 & MT5, available on PC, iPhone, iPad
Order Execution	Less than 1 second
Leverage	1000:1
Trading Fees	Spreads as low as 0.6 pips on all major currency pairs, no commissions on FX trading;Spreads on shares as per the underlying exchange, with commissions applied
Payment Methods	Credit and Debit cards, Bank Transfers, e-wallets, and many more
Copy Trading	✅
Demo Accounts	✅
Educational Resources	XM Live, Live Education, Eductional Videos, Forex and CFD Webinars, Platform Toturials and more
Bonus	Bonus up to $5,000, including $30 welcome bonus
Customer Support	7/24

XM is a reputable online broker founded in 2009, headquartered in Cyprus, and regulated by various financial authorities. One of its standout features is its choice of trading platforms, including MetaTrader 4 and 5. XM offers competitive minimum spreads on various asset classes and provides flexible leverage options. Traders benefit from lightning-fast execution speeds. XM also caters to Islamic traders by offering swap-free Islamic accounts, which comply with Sharia law and are available to clients who cannot participate in interest-bearing activities. This makes XM a suitable choice for a diverse range of traders, whether they're beginners or experienced professionals.

✅Where XM  Shines:

• $5 to open any of three types of trading accounts, making forex trading easily accessible for traders

• Forex trading account apply a zero-commission model, great advantageous to traders pursuing low trading cost

• Clients can hold up to 10 active trading accounts and 1 share account

• Generous bonus plans, including $50 no deposit bonus and 50% deposit bonus, 100% year-end bonus

• 7/24 free VPS service, ideal for EAs

• Solid educational contents, including educational videos, Podcasts,  forex and CFD webinars, and more

❌Where XM shorts:

•  Base currency available in USD only on Shares account

•  Online customer service can be slow sometimes  

Broker
Regulated by	FCA, CYSEC, FSCA, FSA
Min. Deposit	$10
Tradable Assests	Forex CFD, Commodities CFD, Stocks CFD, Indices CFD, Crypto CFD
Currency Pairs	Over 120
Trading Platform(s)	Exness Trade app, Exness Terminal, MT4, MT5, MetaTrader Webterminal, MetaTrader Mobile
Order Execution	Under 25ms
Leverage	Unlimited
Trading Fees	Spreads from 0.2 pips, 0.3 pips on the Standard account, the Standard Cent account,  with no commissions appledRaw Spreads from 0.0 pips on the Raw spread account and the Zero account, with a commission up to $3.5 each side per lot, a commission from $0.2 each side per lot, respectively
Payment Methods	Bank Card, Skrill, Neteller, Perfect Money, SticPay
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Analytical Tools, Investment Calculator, Trading Central WebTV and more
Bonus	✅
Customer Support	7/24 Multilingual customer service

Founded in 2008, Exness is a Cyprus-based broker renowned for its transparency and solid reputation. It offers unique features like unlimited leverage and a wide range of trading instruments, including forex, cryptocurrencies, and metals. Exness operates on the MetaTrader platform, providing a familiar and robust trading experience. Leverage of up to 1:unlimited can be advantageous but should be used judiciously. Additionally, Exness accommodates Islamic traders with swap-free accounts, aligning with Islamic finance principles.

✅Where Exness Shines:

• A well-established broker, offering vast markets, including over 120 currency pairs

• Easily accessible, only $10 to open two types of standard accounts

• Unlimited leverage ratios giving clients, giving traders more room for imagination

• Offering some of the lowest trading costs in the industry, extremely tight spreads on currency pairs

• Robust trading tools provided, including VPS hosting, and Trading Central WebTV, social trading solutions provided

• 7/24 multilingual customer support, recognized for its responsiveness

❌Where Exness Shorts:

•  No educational content for beginners 

Broker
Regulated by	FCA, CYSEC, FSCA, FSA
Min. Deposit	$100
Tradable Assests	Forex, stocks, Futures and Futures Options
Currency Pairs	80+
Trading Platform(s)	Mobile App, Web Trader, MetaTrader 5 (Mobile, web), MT5 expert advisors, MT5 VPS Hosting, MT4
Order Execution	Average 0.02 seconds
Leverage	50:1
Trading Fees	Spread-only account: EUR/USD pair from 1.2 pipsRaw Pricing Account: spreads from 0.0 pips, with commission charged
Payment Methods	Bank transfer, Credit/debit cards, Skrill, Neteller
Copy Trading	✅
Demo Accounts	✅
Educational Resources	News and Analysis, Insights,
Bonus	4.5% interest, 5% cashback
Customer Support	5/24 multilingual customer service

Founded in 2001 and headquartered in the United States, Forex.com is a well-established online forex and CFD broker. The platform offers a user-friendly trading experience with the widely-used MetaTrader 4 and its proprietary Advanced Trading Platform. Traders appreciate competitive spreads that start from as low as 1.2 pips, and flexible leverage of up to 50:1, along with fast execution speeds. For Islamic traders, Forex.com provides Islamic (swap-free) accounts, allowing them to participate in interest-free trading activities in accordance with Sharia principles.

✅Where Forex.com Shines:

• A well-respected forex broker with a solid reputation, recognized by traders from all over the world

• Multiple trading accounts, giving traders more choices based on their trading perferences and styles

• Offering some of the most competitive spreads in the industry, lowering overall  trading costs

• Over 80 currency pairs to choose from,  good for these FX trading lovers

• MetaTrader platform combined with VPS, ensuring high-effiency trading

❌Where Forex.com Shorts:

• Restricted leverage ratio compared to other reputable forex brokers, generating a constraint for clients

• No account protection and guaranteed stop losses for U.S clients 

Broker
Regulated by	CYSEC, FCA, FSC
Min. Deposit	$10
Tradable Assests	Major Currency pairs, Spot Metals, CFD Commodities
Currency Pairs	60+
Trading Platform(s)	MT4 and MT5 available for desktop, web browsers, iOS, and Android
Order Execution	Less than 1 second
Leverage	1:2000 for Professionals1:30 for Retail clients (as per CGYSEC and EU regulations)
Trading Fees	Micro account & Advantage Plus account: spreads from 0.0 pips, with zero commissions Advantage account: Spreads from 0.0 pips, commission: average of $0.4-$2 based on volume,  for cryptos: average of $30-$150 based on volume
Payment Methods	Credit cards, Debit cards, Bank wire transfer, Electronic payment systems (Neteller, Skrill)
Copy Trading	FXTM Invest
Demo Accounts	✅
Educational Resources	Tutorial videos, ebooks, educational articles
Bonus	❌
Customer Support	7/24 Multilingual customer support

FXTM, headquartered in Cyprus and founded in 2011, is a well-respected broker known for its extensive instrument offering at low spreads (as low as 0.1 pips). MetaTrader 4 and 5 are both supported, and traders can enjoy the maximum leverage of up to 1:2000 and execution rates of as little as 1 second. To further broaden its appeal, FXTM also provides Islamic traders with swap-free accounts in accordance with Sharia law.

✅Where FXTM  Shines:

• Heavily and globally regulated, a trusted broker with strong

• Micro account only requires $10, extremely friendly to beginners

• Innovative copy solutions, FXTM Invest,  get started with as little as $100

• High and flexible trading leverage, up to2000: 1 leverage for professionals

• Tight spreads in conjunction with fast execution speeds, making them an attractive choice for traders who employ short-term trading strategies.

❌Where FXTM Shorts:

• Offering of other instruments like CFDs might be limited in comparison with other brokers

• Not currently accept US clients, limiting access for those traders

• Additional fees, like withdrawal fees and overnight interest fees 

Broker
Regulated by	ASIC, FCA, FSA, NFA, IIROC, CIMA, MAS
Min. Deposit	$0
Tradable Assests	Generous bonuses, including a $30 welcome bonus
Currency Pairs	50+
Trading Platform(s)	HFM Platform, MT4, MT5
Order Execution	Fast
Leverage	2000:1
Trading Fees	Spreads from 0.6 pips
Payment Methods	VISA, MasterCard, Crypto, Fasapay, Neteller, Skrill, PayRedeem, BitPay
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Online Trading Courses, Educational Videos, Webinars, Seminars, Podcasts
Bonus	20% top-up bonus
Customer Support	5/24 multilingual

Founded in 2012 and headquartered in the United Kingdom, HFM is a reputable online broker in the financial sector. They take pride in their user-friendly and innovative trading platform, tailored to accommodate both novice and experienced traders. Moreover, HFM is committed to fostering inclusivity. They provide Islamic accounts, which enable Muslim traders to engage in interest-free trading, in alignment with Islamic financial principles. This commitment to inclusivity sets them apart in the industry.

✅Where HFM  Shines:

• Globally and heavily regulated

• An ideal option for both novice and beginners

• $30 forex no deposit bonus offered

• Low minimum deposit requirements

• Competitive pricing

❌Where HFM  Shorts:

• Copy trading fees apply

Broker
Regulated by	CYSEC, FCA
Min. Deposit	$50
Tradable Assests	Forex, Shares, Futures, Indices, Metals, Energy, Cryptocurrencies
Currency Pairs	70
Trading Platform(s)	FxPro Trading Platform, MT4, MT5, cTrader
Order Execution	Around 20 milliseconds
Leverage	500:1
Trading Fees	Spread from 0.0 pips on FX via  MT4, with commissions max 3.5 USD per lot per side
Payment Methods	Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill, and more
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Free forex trading online courses for beginners and advanced traders
Bonus	❌
Customer Support	7/24 live chat

FxPro, which began operations in 2006 and is headquartered in the United Kingdom, is a reputable online broker. MetaTrader 4 and 5, cTrader, and in-house developed platforms like FxPro Edge help set FxPro apart from the competition. FxPro is designed to accommodate a wide range of trading styles. FxPro also caters to a wide range of customers by being Sharia law compliant and offering swap-free Islamic accounts to Islamic traders.

✅Where FxPro Shines:

• Regulated by top-tier FCA, offering peace of mind for traders.

• Generally offers competitive spreads on major currency pairs, making it attractive for frequent traders.

• Access to deep liquidity pools from top-tier banks, ensuring smooth execution of trades even during volatile market conditions.

❌Where  FxPro Shorts:

• Charges an inactivity fee if you go 12 months without trading.

• Some users report slow response times on certain channels with their customer support. 

Broker
Regulated by	CYSEC, FSC
Min. Deposit	$0
Tradable Assests	Forex, Metals, Indices, EnergiesStocks, Forex Exotic, Crypto
Currency Pairs	40+
Trading Platform(s)	MT4, MT5
Order Execution	Within 0.4 second
Leverage	2000:1
Trading Fees	Floating spread from 0.7 pips, commissions from 0%
Payment Methods	Credit and debit cards, bank wire transfers, and exchangers
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Webinars, Videos,  Seminars
Bonus	✅
Customer Support	7/24

Established in 2009 with its headquarters in Belize, FBS stands out as a leading online forex and CFD broker. What sets FBS apart is its wide array of account options, appealing to traders of all skill levels, including cent, micro, and zero spread accounts. Notably, FBS caters to the diverse needs of its traders by offering Islamic accounts, allowing Muslim traders to engage in interest-free trading in accordance with Islamic finance principles.

✅Where FBS Shines:

• Starting trading with as little as $1, making it a low-risk entry point for beginners.

• If you face any issues or have questions, you can reach FBS customer support 24/7 via phone, email, or live chat.

• Allowing traders to copy the trades of successful traders through their social trading platform.

• Offering the familiar MetaTrader 4 and 5 platforms, which are considered easy to learn and navigate, even for first-time traders.

❌Where FBS Shorts:

• Primarily focuses on forex and CFDs, offering a comparatively smaller range of assets compared to some competitors.

• While appealing to experienced traders, high leverage can be risky for beginners and lead to significant losses.

Broker
Regulated by	CYSEC, FCA, CNMV
Min. Deposit	$100
Tradable Assests	Forex, Indices, Commodities, Stocks, ETFs
Currency Pairs	48
Trading Platform(s)	xStation5
Order Execution	0.201 seconds
Leverage	30:1
Trading Fees	0.6 points is the average spread cost during peak trading hours
Payment Methods	Bank Transfers, credit and debit cards, Paypal, and Paysafe (formerly known as Skrill)
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Educational articles, Market Analysis, eBooks
Bonus	❌
Customer Support	7/24

Founded in 2002 and headquartered in the United Kingdom, XTB is a well-established online broker offering forex and CFD trading services. XTB's standout feature is its proprietary xStation trading platform, known for its user-friendly interface and advanced tools. Traders benefit from competitive minimum spreads and flexible leverage options. XTB is also recognized for its rapid execution speeds. Furthermore, they provide Islamic accounts, allowing Muslim traders to participate in interest-free trading, aligning with Islamic finance principles and promoting inclusivity in their client offerings.

✅Where XTB Shines:

• Offering commission-free trading on many instruments, including stocks, ETFs, indices, and commodities

• Offering its own proprietary xStation platform

• Generally boasting competitive spreads, especially for major forex pairs and popular instruments.

• Offering 24/5 customer support in multiple languages via phone, live chat, and email.

❌Where XTB Shorts:

• Not offering micro lot trading, only starting with standard lots. This might not be suitable for beginners with smaller capital.

• Charging an inactivity fee if you go 12 months without trading.

• Leverage options are lower, not ideal for traders seeking high-risk, high-reward strategies. 

Broker
Regulated by	CYSEC
Min. Deposit	$25
Tradable Assests	Currency pairs, gold and silver, energies, indices, cryptocurrencies
Currency Pairs	35
Trading Platform(s)	MT4, MT5, OctaTrader
Order Execution	Under 0.1 second
Leverage	500:1
Trading Fees	Minimum between 0.6 pips to 1.0 pips on majors, no commissions ( OCTA adds markups on raw spreads)
Payment Methods	Bank wire transfer, credit/debit cards, e-wallets like Skrill and Neteller, and more
Copy Trading	✅
Demo Accounts	✅
Educational Resources	Webniars, Articles, Video Toturials,
Bonus	❌
Customer Support	7/24

OctaFX was established in 2011 and is based in Cyprus, where it is governed by the CySEC (Cyprus Securities and Exchange Commision). MetaTrader, OctaFX's user-friendly trading platform, features spreads as low as 0.4 pips, leverage of up to 1:500, and average execution times of 0.4 seconds. To meet the needs of Muslim customers, the company offers Islamic accounts that are in line with Sharia law.

✅Where OctaFX Shines:

• No commissions are charged on forex trading, further adding to cost-effectiveness.

• Limits potential losses to the deposited amount

• Fast and reliable order execution with STP (Straight Through Processing) technology, minimizing slippage and ensuring accurate trade fills.

• User-friendly platform with additional features like social and copy trading, appealing to both beginners and experienced traders.

❌Where  OctaFX Shorts:

• Compared to some competitors, OctaFX focuses primarily on forex and CFDs

• The website heavily emphasizes promotional offers and bonuses,

　　In the UAE, forex trading is entirely legal. The UAE does not only allows forex trading, but it is also one of the greatest countries in the world for it due to the lack of taxes. The UAE boasts a structured regulatory framework that supervises forex brokers, affording traders a secure environment to engage in this global financial market.

　　In the United Arab Emirates (UAE), there are two key organizations that keep a close eye on forex trading – the Dubai Financial Services Authority (DFSA) and the Abu Dhabi Global Markets (ADGM). These are like the watchful guardians of the trading world. They have a pretty important job: making sure everyone follows the rules and plays fair.

　　In the United Arab Emirates (UAE), there are indeed specific regulations governing leverage in forex trading. These regulations are put in place to ensure responsible trading practices and protect investors.

　　The maximum allowable leverage can vary based on the financial instrument being traded. For major currency pairs like EUR/USD or GBP/USD, the regulatory authorities often set a different limit compared to exotic or less common currency pairs. For instance, when trading major pairs, you might find a maximum allowable leverage of, let's say, 50:1. This means that for every $1 in your trading account, you can control a trade worth up to $50.

　　However, for exotic currency pairs or more volatile assets, the allowable leverage might be lower. For example, the limit for USD/TRY (US Dollar/Turkish Lira) could be set at 20:1. So, with $1, you can control a trade worth up to $20.

　　These regulations are designed to manage risk, especially in markets with higher volatility. It's essential for traders to be aware of these specific leverage limits, as exceeding them could result in significant risk to their trading capital. Therefore, understanding the leverage restrictions for different instruments is a critical aspect of responsible trading in the UAE.

　　Indeed, when engaging in forex trading within the United Arab Emirates (UAE), one must be attuned to certain cultural and religious factors that influence trading practices. The UAE places a significant emphasis on adhering to Islamic finance principles, and this has a profound impact on the forex market within the region.

　　Foremost among these principles is the prohibition of Riba, which is the giving or receiving of interest in financial transactions. In the context of forex trading, this means that earning or paying interest on overnight positions, also known as swaps, is strictly against Sharia law. To address this concern, many brokers operating in the UAE offer what are commonly referred to as Islamic accounts or swap-free accounts

　　Islamic accounts are meticulously designed to ensure compliance with Sharia law. They eliminate any form of interest in forex trading, making it permissible for Muslim traders. Instead of swaps, traders may encounter an administration fee for the extension of positions overnight, which is considered an acceptable practice within Islamic finance.

　　These considerations underscore the commitment of both traders and brokers in the UAE to operate within the bounds of Islamic finance principles, allowing individuals to engage in forex trading while respecting their religious beliefs and cultural values. In essence, it's a demonstration of how financial practices are harmonized with the cultural and religious fabric of the region.

　　Choosing the right forex broker in the United Arab Emirates (UAE) is a crucial decision for any trader. Here are the steps to help you make an informed choice:

• 　　Regulation and Licensing: Ensure that the broker is regulated by a recognized authority in the UAE, such as the Dubai Financial Services Authority (DFSA) or the Abu Dhabi Global Markets (ADGM). This regulation provides a level of protection for traders.

• 　　Trading Platform: Evaluate the trading platform offered. Popular platforms like MetaTrader 4 and 5 are widely used for their user-friendliness and robust features. Ensure the platform suits your trading style.

• 　　Asset Selection: Check the range of assets available for trading. A good broker should offer a variety of currency pairs, commodities, stocks, and indices to provide diversification options.

• 　　Leverage and Margin: Understand the broker's leverage limits. While high leverage can amplify profits, it also increases risk. Ensure the leverage offered aligns with your risk tolerance and trading strategy.

• 　　Fees and Spreads: Assess the fee structure. Look for brokers with competitive spreads and transparent fee policies. Low spreads can significantly impact your trading costs.

• 　　Deposits and Withdrawals: Check the deposit and withdrawal methods. The broker should support secure and convenient options. Be aware of any associated fees.

• 　　Customer Support: Evaluate the quality of customer support. A reliable broker should offer responsive and accessible customer service. Test their responsiveness by reaching out with questions.

• 　　Educational Resources: Consider the availability of educational resources. Look for brokers that offer webinars, tutorials, and market analysis to help you improve your trading skills.

• 　　Islamic Accounts: If you require an Islamic (swap-free) account to comply with Sharia law, ensure the broker offers this option.

• 　　Reputation and Reviews: Research the broker's reputation by reading reviews and checking for any regulatory actions or complaints. Word-of-mouth recommendations from other traders can also be valuable.

• 　　Demo Account: Before committing real funds, use a demo account to test the broker's platform and services. This allows you to become familiar with the trading environment without risking your money.

• 　　Risk Management: Assess the risk management tools provided by the broker, such as stop-loss and take-profit orders, to help protect your capital.

• 　　Trading Conditions: Review the broker's trading conditions, such as minimum deposit requirements, lot sizes, and margin call policies, to ensure they align with your trading strategy and financial situation.

• 　　Innovative Features: Some brokers offer unique features like social trading, copy trading, or algorithmic trading. Consider these additional features if they align with your trading goals.

• 　　Local Knowledge: It can be beneficial to choose a broker with a presence or a good understanding of the local market in the UAE.

　　In addition to the many offshore brokers who have regional offices in Dubai, many local brokers provide their services to inhabitants of the Emirate of Dubai. Customers from outside the UAE can also transact with Dubai-based forex brokers because of their global reach.

　　However, not all forex brokerages are set to be equal, so make sure to carefully assess your demands before you open an account.

　　To begin trading forex in Dubai, the first step for any aspiring or seasoned trader is to recognize trading dangers, grasp market analysis, and have a decent concept of how much additional effort trading in the forex market takes. You may easily get forex trading books and materials on the internet. Many forex firms also provide educational resources.

　　You may also use a free demo account to test out the platform and see whether it works for you before you open an actual account. Demo trading is highly advised for both new and experienced traders to verify the broker's dependability and efficacy in fulfilling your orders.

　　In the United Arab Emirates (UAE), including Dubai, the trading of currency pairs in the forex market is generally allowed, but there may be restrictions or variations depending on the broker and regulatory authority. While major and widely traded currency pairs like EUR/USD, GBP/USD, and USD/JPY are typically available for trading without any restrictions, there can be variations in the availability of less common or exotic currency pairs.

• 　　Broker Offering: Each forex broker has its own selection of currency pairs available for trading. Some brokers may provide a wide range of pairs, including exotics, while others may offer a more limited selection.

• 　　Regulatory Authority: The regulatory authority under which the broker operates can also influence the range of available currency pairs. Brokers regulated by the Dubai Financial Services Authority (DFSA) and the Abu Dhabi Global Markets (ADGM) are expected to adhere to certain standards, but there may still be variations in the offerings.

• 　　Market Demand: The availability of specific currency pairs can be influenced by market demand. Major and popular currency pairs are more likely to be readily available due to high trading volumes and liquidity.

• 　　Local Preferences: Brokers in the UAE may take into account the preferences of local traders when determining their offerings. As a result, pairs involving the United Arab Emirates Dirham (AED) could be available.

　　You can trade Forex for as little as $1, $5, or $10 with a number of brokerage firms in Dubai. Micro Accounts and Cent Accounts are the two terms used to describe these types of accounts. Traders who are just starting out like to open these accounts. Forex trading can be done on a small scale with a low risk of losing money, thanks to these mini accounts.

　　Forex traders should make a deposit of at least $1,000 before they begin trading with real money. Due to their smaller size and higher leverage, smaller accounts are more susceptible to margin calls and capital losses.

　　In Dubai, trading foreign currency is not only permitted, but it is also exempt from local taxes. When it comes to tax, Dubai's merchants have a number of advantageous advantages. Taxes may be extremely devastating for forex traders in certain countries, and they can take a significant portion of their income if the business is not properly structured.

　　In Dubai, this isn't a problem at all. There are still a variety of methods to structure your forex trading activity, so you may want to see an accountant. As a result, many forex traders are considering to relocate to Dubai, which is an excellent location.