OUR TOP-RATED FOREX BROKERS for beginner investors of SAUDI ARABIA
Saudi Arabia, the epicenter of economic growth in the Middle East, is witnessing a transformation fueled by its Vision 2030 initiative. This ambitious plan focuses on economic diversification and presents an array of trading opportunities for Saudi residents. To capitalize on these prospects you need an exceptional forex broker as your ally. Our meticulously crafted guide to best forex brokers for investors of Saudi Arabia introduces you to the premier forex brokers, perfectly suited for ambitious Saudi Arabian traders seeking a unique trading experience.
1. Safeguard Your Trading Journey with Regulated Brokers for residents of Saudi Arabia
Trust and security are vital when choosing a forex broker offering services to Saudi Arabia residents. Opt for brokers regulated by renowned international regulators such as the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC). These regulators ensure the safety of your funds and adherence to stringent guidelines, providing beginner traders of Saudi Arabia with confidence and protection.
2. Harness the Power of Advanced Trading Platforms
A cutting-edge trading platform can significantly enhance your trading experience. Premier forex brokers offer industry-leading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5) and proprietary platforms that come with sophisticated charting tools, technical indicators and customizable features. Choose a broker that provides a platform aligned with your trading style and experience level.
3. Saudi Arabian traders benefit from Unparalleled Customer Support and Education
Decent brokers prioritize exceptional customer support and provide resources to help traders refine their skills. Seek brokers that offer 24/5 customer support in Arabic and English, ensuring assistance is readily available when needed. Educational resources, including webinars, video tutorials, and market analysis videos empower you to stay informed and make strategic trading decisions.
4. Optimal pricing for Saudi Arabia traders
To maximize your trading efficiency, consider the spreads and commissions charged by brokers. The finest brokers that work with residents of Saudi Arabia offer competitive spreads and transparent fee structures, allowing you to trade with confidence. Compare the fees of different brokers to identify the most cost-effective option for your trading approach.
5. Discover a World of Account Types and Deposit Options for Saudi residents
Best brokers cater to different traders' needs by offering a variety of account types and deposit options. Explore brokers that provide a range of account options, from beginner-friendly micro accounts to professional ECN accounts. Deposit and withdrawal options should be convenient with popular methods like credit/debit cards, bank transfers and e-wallets available for Saudi Arabian residents.
Also all broker that we offer to citizens and residents of Saudi Arabia offer Islamic accounts, ensuring your trades comply with Sharia law. Plus, there are no restrictions on trading out of Saudi Arabia, meaning you can take advantage of the global markets from the comfort of your own home. We understand the importance of reliability, safety of funds, and trustworthiness when it comes to choosing a broker, which is why we have done all the meticulous research to bring you only fair and regulated brokers who genuinely care about their clients!
Find more on what to look at when choosing a broker in our How to choose a broker guide or choose a broker that will suit your trading needs from our selected list of brokers below that offer their services to citizens and residents of Saudi Arabia. You can also easily compare different brokers on our Broker comparison page.
EXNESS
EXNESS main features and highlights
Regulation
FCA, CySEC, FSA, CMA, FSCA, CBCS, FSC, FSC
Headquarters
Limassol, Cyprus
Year founded
2008
Num of instruments offered
200+
Trading fees category
Low-Average
Deposit/Withdrawal options
Bank card/wire transfer/Skrill/Neteller/Crypto
Deposit/Withdrawal fee
No*
Min deposit
10$
Inactivity fee
No
Max leverage offered
1:Unlimited**
XM
XM main features and highlights
Regulation
CySEC
Headquarters
Limassol, Cyprus
Year founded
2009
Num of instruments offered
1000+
Trading fees category
Average
Deposit/Withdrawal options
Credit/Debit card, Neteller, Skrill, UnionPay, Web money, and Bank Wire
Deposit/Withdrawal fee
No*
Min deposit
5$
Inactivity fee
Yes**
Max leverage offered
1000:1***
BLACK BULL MARKETS
BLACK BULL MARKETS main features and highlights
Regulation
FMA – New Zealand
Headquarters
Auckland, New Zealand
Year founded
2014
Num of instruments offered
2500*
Trading fees category
Low
Deposit/Withdrawal options
Wire transfer, Credit/debit card, Neteller, Skrill, UnionPay, FasaPay
Deposit/Withdrawal fee
Deposit – No, Withdrawal – 5$
Min deposit
1$
Inactivity fee
No
Max leverage offered
1:500