Best Forex Brokers in Middle East (TOP 10 LIST) in 2024

This is carefully picked list of the best forex brokers for traders in Middle East.

What are the best forex brokers in Middle East?

  • Pepperstone  ⇒ Overall the best forex broker MEA 2024
  • Octa ⇒ The Best Broker with Ultra Low Spreads
  • XM ⇒ The Cheapest MT4 Broker, Low Spreads
  • HF Markets (HFM) ⇒ Low Fees, Fast Account Opening
  • AvaTrade ⇒ All in one platform: beginner friendly (FX+Bitcoin)
Broker ForexBenefitsRatingInfo
Best Forex Broker Middle East

Best Forex Broker Middle East

  • FX Spread from 0,0 Pips (on RAZOR Account)
  • Average spread 0,09 pips (Standard Account )
  • Regulated in UK, Australia, Dubai UAE
  • Deposit min: $1
  • Best SWAP FREE Islamic Accounts
  • 70+ Currency pairs
  • MT4/MT5/cTrader + TradingView
  • Arabic/English support

9.9
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Octa

Octa

  • Bonus 50% extra to your deposit
  • Max Leverage 1:1000
  • Low Forex Fees from 0.6 Pips
  • Deposit min. $25
  • Swap Free Accounts for Muslims
  • World Leader in Copy Trading
  • Beginner Friendly Trading Platforms
  • MT4 MT5 Metatrader
  • Beginner friendly OctaTrader 
  • CFD Indices, Shares, Commodities
  • Regulated & Trustworthy
9.8
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XM - High Leverage MT4/MT5 FX Broker

XM - High Leverage MT4/MT5 FX Broker

  • No Deposit BONUS $50
  • Leverage: 1000:1
  • Arabic/English support
  • 56 Currency pairs
  • SWAP Free Islamic Accounts
  • Good for beginners
  • Live Trading with Experts
  • Deposit Min: $5
  • Spread from 0 Pips
  • Fast Withdrawals
9.8
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HF Markets (HFM)

HF Markets (HFM)

  • Max. Leverage: 2000:1
  • 56 Currency pairs
  • SWAP Free Islamic
  • Good for beginners
  • Deposit Min: $50
  • Spread from 0 Pips
  • Arabic/English support
  • Fast Withdrawals
9.7
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AvaTrade

AvaTrade

  • Fixed Forex Spread: 0,9 Pips
  • Leverage up to 500:1
  • Regulated by Top Tier across the World
  • MT4 / MT5 Metatrader
  • Deposit min: $ 100
9.6
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forex broker middle east

The interest in forex trading in Middle East region has been steadily growing since the past few years. It goes hand in hand with the overall rapid economic growth of Middle East countries.

The trend from the past years shows us that when Forex brokers decide to do business in Middle East, they usually open offices in the largest hub and that is Dubai in the United Arab Emirates. You find almost no worldwide well-known brands locally in Egypt, Jordan or other countries. Our recommended forex brokers from above comparison table will be happy to welcome you as a client if you come from MEA region!

Below is the list of restricted Middle East countries, which citizens are unfotunately NOT allowed to open forex trading account:

  • Syria banned
  • Iraq banned
  • Iran banned
  • Yemen banned
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