Thousands of Omanis have discovered the popularity of forex trading during the past few years. Although the number of forex traders in Oman is steadily growing year over year, there are no forex broker branch offices physically located in Oman yet. Nevertheless, forex traders from Oman can freely choose to signup with any forex company they want because forex trading is legal in Oman! Therefore they can benefit from the lowest spreads, best trading platforms in the world and use any depositing method without any fear.
Comparison of trusted forex brokers for traders in Oman
There are many forex brokerages that offer excellent trading conditions including islamic accounts and customer support in Arabic language. Here is the comparison of TOP 10.
|Forex Broker||Visit Broker||Trust Score||Benefits||Platforms||Review|
| BEST KUWAIT FX BROKER||MT4/MT5, WebTrader, Mobile Apps||-|
| ULTRA LOW SPREAD FOREX BROKER||MT4; MT5, cTrader, WebTrader||Review|
| Highly Regulated MT4 FX Broker||MT4; MT5, WebTrader||XM Review|
AFSL 491139. CFDs are highly risky
| ||CopyTrader||eToro Review|
| All in One Trading platform||Review|
Who regulates forex brokers in Oman ?
The local finance market regulator is Capital Market Authority Sultanate of Oman known as CMA which protects local investors by regulating both capital market and insurance market in the country. Unlike in other Gulf countries like United Arab Emirates or Saudi Arabia, Kuwait where regulators are very active, the regulatory framework of foreign currency trading in Oman has not yet been finalized.