OUR TOP-RATED FOREX BROKERS for beginner investors of SAUDI ARABIA

best forex broker in uae

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 is a well-regarded forex broker that offers traders access to a variety of markets and assets. Founded in 2008 Exness has since become a global leader in the forex industry providing cutting-edge technology, secure trading platforms and a range of account options that cater to all types of traders. One of the key selling points of Exness is its regulation. The company is authorized and regulated by: The Financial Conduct Authority (FCA) in the UK, The Cyprus Securities and Exchange Commission (CySEC), The Financial Services Authority (FSA) in the Seychelles, Capital Martkets Authority (CMA) in Kenya, The... [read more].

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 is a globally recognized forex and CFD broker that was founded in 2009 and is headquartered in Cyprus. The broker has a strong reputation in the industry and is regulated by the Cyprus Securities and Exchange Commission (CySEC). XM has a range of account types available to suit the needs of traders of all levels. The Micro account is a good choice for beginners as it has a low minimum deposit requirement of just $5, while the Standard account is designed for more experienced traders and has a minimum deposit of $100. The XM Zero account is the most advanced account type and is suitable for high-volume traders... [read more].

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

BlackBull Markets is a solid forex and CFD broker, founded in 2014 and headquartered in New Zealand. The broker has quickly gained a reputation for providing traders with excellent trading conditions and a high level of customer service. BlackBull Markets is regulated by one of the strictest regulators – the Financial Markets Authority (FMA) in New Zealand, ensuring that the broker operates with transparency and security. BlackBull Markets offers a variety of account types to cater to the needs of traders of all levels. The Standard account is designed for beginners and has no minimum deposit requirments... [read more].

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