Last update: 4 April 2020
5 min read

Top CB UAE Regulated Forex Brokers for 2019

Central Bank of UAE logo
In the United Arab Emirates, Forex brokers are required to obtain a license from the UAE Central Bank, whether a foreign or a local company. It is the main regulatory body in the UAE, apart from the Dubai International Financial Center which has its own regulatory body. CBUAE regulated brokers are permitted to market and sell foreign and local shares along with financial instruments for a commission.

A brief explanation of the Central Bank’s duties

The main responsibility of the Central Bank of United Arab Emirates is to formulate and implement banking, credit, and monetary policies. Its ultimate aim is the growth of the national economy in a balanced way. The Central Bank also works to maintain a fixed exchange rate for the dirham against the US dollar and to enable free dirham conversions into other currencies. It is fondly known as the “Bank of Banks”, but it is also the Government’s bank and financial adviser.

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
90
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$5
Bonus
30%
Help!
Applies to deposits over $100 (Limited time offer) Exit tooltip
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Wire Transfer, VISA, Mastercard, Maestro, Skrill, Union Pay, Neteller, Webmoney, Fasapay, Perfect Money, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:1000
Currency Pairs
60
Regulated By
FSCFSC
Customer Support
24/5
95
Points
Users
Used by
14,000,000+ Traders
Min. Deposit
$10
Bonus
N/A
Trading Instruments
100+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller
Min. Spread
0.6 pips
Max. Leverage
1:30
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:30
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
14,000,000+ Traders
Min. Deposit
$10
Bonus
N/A
Trading Instruments
100+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller
Min. Spread
0.6 pips
Max. Leverage
1:30
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:30
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
92
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
48+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
FSA(SVG)FSA(SVG)
Customer Support
24/5
91
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, VISA, Mastercard, Maestro, Skrill, Neteller, FasaPay, Perfect Money, QIWI, WebMoney, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
90
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
99
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Crypto, TC Pay Wallet, Perfect Money, Bitcoing and many more
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Loyalty Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0.4 pips
Max. Leverage
1:1000
Currency Pairs
60
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
24/5
92
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
94
Points
Users
Used by
13,000,000+ Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5
92
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
48+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
FSA(SVG)FSA(SVG)
Customer Support
24/5
91
Points
Users
Used by
300,000+ Traders
Min. Deposit
$10
Bonus
100%
Help!
Loyalty deposit bonus Exit tooltip
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, VISA, Mastercard, Maestro, Skrill, Neteller, FasaPay, Perfect Money, QIWI, WebMoney, Bitcoin
Min. Spread
0.4 pips
Max. Leverage
1:500
Currency Pairs
60+
Regulated By
FSA(SVG)FSA(SVG)
Customer Support
24/5
90
Points
Users
Used by
650,000 Traders
Min. Deposit
$50
Bonus
50%
Help!
For deposits up to $500 Exit tooltip
Trading Instruments
50+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Fasapay, UnionPay
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
40+
Regulated By
FCAFCA
ASICASIC
CIMACIMA
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Crypto, TC Pay Wallet, Perfect Money, Bitcoing and many more
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Wire Transfer, VISA, Mastercard, Maestro, Skrill, Union Pay, Neteller, Webmoney, Fasapay, Bitcoin, Perfect Money
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
93
Points
Users
Used by
900,000+ Traders
Min. Deposit
$50
Bonus
50%
Help!
On Every Deposit Exit tooltip
Trading Instruments
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, FasaPay, PayTM, Local banks
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
28
Regulated By
CySecCySec
IFSCIFSC
Customer Support
24/5
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

Best and most trusted forex brokers in April 2020

All the brokers below have been ranked using our tested methodology and are available in:
Advertiser disclosure Information
96
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa, Mastercard, Fasapay
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
57
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$100
Bonus
Cashback
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfer, Visa, Mastercard, Maestro, Fasapay, Skrill, Web Money, Qiwi, Perfect Money, Bitcoin
Min. Spread
0 pips
Max. Leverage
1:1000
Currency Pairs
50
Regulated By
FCAFCA
FSA(SVG)FSA(SVG)
Customer Support
11/5
95
Points
Users
Used by
100,000+ Traders
Min. Deposit
$10
Bonus
Deposit Bonus
Help!
Multiple deposit bonuses (Check Site) Exit tooltip
Trading Instruments
11,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check cTrader
Help!
Platform custom designed for ECN brokers. Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, AdvCash, Bitcoin, Ethereum, Litecoin, Dash & many other Altcoins
Min. Spread
0 pips
Max. Leverage
1:2000
Currency Pairs
40+
Regulated By
IFSCIFSC
Customer Support
24/7
94
Points
Users
Used by
13,000,000 Traders
Min. Deposit
$1
Bonus
100%
Trading Instruments
70+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN /STP
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank Transfer, Skrill, Neteller, Visa
Min. Spread
0 pips
Max. Leverage
1:3000
Currency Pairs
35+
Regulated By
IFSCIFSC
Customer Support
24/7
92
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
n/a
Trading Instruments
13,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank Transfers (Domestic & International), Skrill, Neteller, Visa, Mastercard, PayPal, BPay, PoliPay, BPay, Fasapay, Paytrust88, Ngan Luong, Online Pay, Broker to Broker
Min. Spread
0 pips
Max. Leverage
1:500
Currency Pairs
53
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

How the Central Bank regulates Forex brokers in the United Arab Emirates

With regards Forex brokers in the United Arab Emirates, according to the Central Bank’s Board of Directors Resolution No. 126/5/95, the Central Bank is responsible for regulating any business intermediating in the sale and purchase of domestic and foreign stocks, commodities, bonds, and currencies. And this includes money market transactions. The Resolution states a financial and monetary intermediary should be a UAE citizen and have a national shareholding of more than 60% of the total paid-up capital, in the case of a company. There is a minimum capital requirement of one, two or three million dirhams, depending on the scope of the intermediary’s activities. The actual license for a CBUAE regulated broker dealing in local and foreign shares is the remit of the Securities and Commodities Authority of the UAE. The Central Bank of the UAE is responsible for granting licenses to brokerage firms dealing in currencies and commodities as well as the intermediaries in currency transactions. The website of the CBUAE has a pdf. list of all firms licensed to act as intermediaries in currency and money market transactions. Although, when we checked it required some updating, as it was dated Sept 2014.

What you can do if you have a complaint about a CBUAE regulated broker

Should you find yourself in dispute with a CBUAE Forex broker the first step you make should be to try and reach a resolution with the company, before filing a complaint with the Central Bank. If you fail to reach a satisfactory conclusion it is possible to file a complaint with the Central Bank. Complaints can be made online, by Fax, or by visiting one of the Central Bank’s branches. These are in Al Ain, Dubai, Sharjah, Ras Al Khaimah or Fujairah. When the complaint is received it will be given a unique reference number which must be quoted in all communications. The Central Bank will notify you when a decision has been reached, either by email or SMS.

A brief history of the Central Bank of the United Arab Emirates

The Central Bank began life in 1973, but then it was known as the United Arab Emirates Currency Board. This beginning followed the creation of the UAE as an independent state. As you might expect, the purpose of the Currency Board was to issue the new currency for the independent state to replace those currently in use. The currencies which needed replacing were the Qatari/Dubai riyal and the Bahraini Dinar. The currency which replaced them was the UAE dirham and it was put into circulation the same day the Board was created. The Currency Board didn’t have full central powers back then, but was left with managing the country’s currency and foreign exchange and gold reserves. It had no regulatory powers and was unable to manage the UAE’s monetary policy. The new Central Bank was created following the passing of the Union Law No. 10 in 1980, and it replaced the Currency Board. The Central Bank of the UAE was given the following powers:

  • Issuing and managing the currency
  • Ensuring the currency’s stability
  • Managing the UAE’s credit policy
  • Acting as the Government banker
  • Overseeing and developing the UAE banking system
  • Providing financial and monetary support to the Government
  • Acting as the lender of last resort
  • Managing the UAE’s gold and currency reserves
  • Representing the UAE in international institutions such as the IMF, the Arab Monetary Fund, and the World Bank

What is the IMF?

IMF stands for International Monetary Fund and it is an international organization with its headquarters in Washington DC. It was originally formed in 1944 at the Bretton Woods Conference but came into formal existence in 1945. At this time there were 29 member countries and its goal was to reconstruct the international payment system. Today, however, it plays a central role in managing balance of payment difficulties and international financial crises. A quota system is used for a country’s contribution, and countries experiencing balance of payment difficulties are able to borrow from the fund.

Why you should choose a CBUAE regulated broker

Choosing a Forex broker in the United Arab Emirates is a very important decision you will have to make before opening an account and making your first trade. And this decision can have a significant impact on your Forex trading success. Pick the wrong one and at the very least you’ll experience an unsatisfactory trading environment. But at the very worse, you could end up losing everything. One way you can protect yourself is to only choose a regulated or licensed broker, preferably regulated by the official body in your own country. A common requirement put in place by regulatory bodies is for client funds to be kept in segregated accounts. This means that should the firm become bankrupt your capital is kept separate and shouldn’t be used to repay the firm’s debts.

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