4 Best SCA Regulated Forex Brokers
The 4 Best SCA Regulated Forex Brokers in the UAE – Rated and Reviewed. We have rated and reviewed the Best Forex Brokers regulated by the Securities and Commodities Authority of UAE.
In this in-depth guide, you will learn:
- The Best SCA Regulated Forex Brokers – a List
- Is Forex Trading Legal in the United Arab Emirates?
- What is the Securities and Commodities Authority of UAE?
- SCA Licensed Companies and License Check
- The Best Forex Brokers for Middle Eastern Traders
- Popular SCA Regulated Forex Broker for Beginners
and much, MUCH more!
4 Best SCA Regulated Forex Brokers – a Comparison
| 🔎 Broker | 🚀Open an Account | ⭐ UAE Regulation | 💷 Min. Deposit (AED) | 💶 Min. Deposit (USD) |
| 🏆 ADSS | 👉 Click Here | SCA | 367,30 | 100 USD |
| 🥇 AvaTrade | 👉 Click Here | ADGM,FRSA | 367,30 | 100 USD |
| 🥈 Swissquote | 👉 Click Here | DFSA | 3673,00 | 1000 USD |
| 🥉 IG | 👉 Click Here | DFSA | None | None |
4 Best SCA Regulated Forex Brokers (2024)
- ☑️ ADSS – Overall, the Best SCA Regulated Forex Broker
- ☑️ AvaTrade – Best Overall Offering
- ☑️ Swissquote – Leading Broker for Established Traders
- ☑️ IG – Best Online Trading Experience
ADSS
ADSS, also known as ADS Securities, is a well-established Financial services provider. Regulations by acclaimed and trusted agencies include the SCA. Notable factors and features include:
- 24/5 Dedicated Customer Support
- Commission-Free Trading
- Extensive Educational Resources
- 100 USD Minimum Deposit
- Demo Account
- Swap-Free Account
Trading instruments and Products include commodities, currencies, cryptocurrencies, ETFs, indices, stocks, and bonds via CFDs.
| 🔎 Broker | 🥇 ADSS |
| 📌 Regulation | SCA |
| 💴 Min. Deposit | 100 USD |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
| 💶 Inactivity Fee | None |
| ⭐ MetaTrader 4 | ✅Yes |
| 📍 Account Types | Classic, Elite, Pro |
| 📊 Spreads | from 0.0 Pips |
| ❤️ Customer Support | 24/5 |
| 📉 Leverage | 500:1 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Commission Free Trading | High Min. Deposit on Elite and Pro Accounts |
| 24/5 Dedicated Customer Support | No Managed Accounts |
| Top Educational Resources | Not available to US traders |
| Advanced Insights Terminal | Limited Trading Platforms |
| Diverse Asset Class | Limited Regulation |
| Competitive Spreads | Third-Party Withdrawal Fee is Possible |
| Segregates client funds | Potential Fees on Deposits |
Our Insights
ADSS is well-suited to active traders looking for a Broker that offers competitive pricing and a variety of trading instruments.
Traders Insights
I appreciate the advanced charting tools available on MT4, plus the wide range of instruments I get to trade. – Helen
AvaTrade
AvaTrade is a highly trusted and regulated Forex, CFD, and, Financial Services provider. In addition, it accepts Middle Eastern Traders from the UAE. Additional regulations include the CBI, BVI FSC, ASIC, and, the FSCA. Notable factors and features include:
- Retail and Professional Accounts
- Islamic, Swap-Free Trading
- Spreads from 0.0 Pips
- Leverage of up to 1:400 (Pro Account)
- Introducing Broker Option
Trading Instruments available include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.
| 🔎 Broker | 🥇 AvaTrade |
| 📈 Established Year | 2006 |
| 📉 Regulation and Licenses | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade |
| 📌 Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 💹 Spreads | From 0.6 pips (Pro), 0.9 pips (Retail) on EUR/USD |
| ▶️ Leverage | 1:30 (Retail), 1:400 (Pro) |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 💶 Minimum Deposit | 100 USD |
| 💷 Inactivity Fee | Yes, $50 after 3 months, $100 after 12 |
| 🥰 Website Languages | English, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, etc. |
| 💰 Fees and Commissions | Zero commissions; only the spread is charged |
| 🤝 Affiliate Program | Yes, Introducing Broker, Online Affiliate |
| ❌ Banned Countries | United States, Belgium, Syria, Iran, New Zealand, Cuba |
| 🅰️ Scalping | ✅Yes |
| 🅱️ Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
AvaTrade caters to a wide range of traders and offers multiple benefits. Benefits offered include diverse asset classes and impressive educational resources.
Traders Insights
As soon as I signed up with AvaTrade, I knew that I made the right choice. Excellent! – Adam
Swissquote
Swissquote is a globally regulated broker, authorized by top-tier authorities like the FCA, DFSA, and SFC. Broker highlights include:
- Proprietary, MT4, and MT5 Trading Platforms
- Spreads from 1.1 Pips
- Access to over 80 Currency Pairs
- Variable Commissions
- Islamic and Managed Accounts
Trading instruments and Products include Equities, Warrants, Derivatives, Options, Futures, Funds, ETFs, Bonds, Currencies, Forex, Commodities, and Share Indices.
| 🔎 Broker | 🥇 Swissquote |
| 💰 Min. Deposit | $1000 USD |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | None |
| 🔁 Segregated Accounts | ✅ Yes |
| 🤝 Managed Account | ✅ Yes |
| 📊 Institutional Accounts | ✅ Yes |
| 📈 Forex Trading | ✅ Yes |
| 📉 Forex Pairs | 80+ |
| 💻 Proprietary Platform | ✅ Yes |
| 4️⃣ MetaTrader 4 | ✅ Yes |
| 5️⃣ MetaTrader 5 | ✅ Yes |
| 🪙 Cryptos | 30+ |
| 🔃 Spreads from | 1.1 Pips |
| 💵 Commissions | Variable |
| 💴 Swap Fees | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| is highly regulated through various regulatory bodies in the jurisdictions that it operates in – FINMA in Switzerland, CSSF in Luxembourg, FCA in the UK, DFSA in Dubai, SFC in Hong Kong, MAS in Singapore and MFSA in Malta. | high minimum deposit requirement makes it difficult for beginner traders to start trading with Swissquote |
| offers trading in a large range of financial instruments, which leaves a wide choice for beginner and novice traders. | absence of a competitively priced cost structure remains the most notable drawback at Swissquote. |
| offers trading in the popular MetaTrader 4 and 5 as well as its in-house Advanced Trader which has great supporting tools. | does not run promotions or give bonuses. It does, however, run a refer-a-friend program that pays out to both referrers and referees, but the minimum incentives need large deposits. |
| Autochartist is integrated into Advanced Trader, enhancing the user interface and platform experience. | Although Swissquote has access to deep liquidity and accommodates fast order execution, it does not have the best execution policy. |
| sets itself apart from the competition by providing top-notch market research materials, such as webinars, video content, blog commentary, economic calendars, and streaming news headlines. | can improve its fees and account types. With a minimum deposit requirement of $1000 and spreads starting from 1.7 pips on its Standard account, its most affordable service does not have particularly favourable costs. |
Our Insights
Impressive, high-tiered regulators back Swissquote and it offers a very safe trading environment. However, it is better suited to established and active traders. We would not recommend this broker to Novis traders.
Traders Insights
I have been Trading with Swissquote for many years, and have received top-class service. – Peter
IG
IG is a highly trusted Forex and CFD Broker regulated by 10 Tier-1 Regulators. In addition, it offers several retail trading accounts and a Swap-Free Trading account. Notable factors and features include:
- Multiple High Tier Regulations
- Several Trading Platforms, including MT4
- 24/7 Customer Support
- Multiple Account Types
- Spreads from 0.1 Pips
- Leverage of up to 1:30
- A low 50 USD Minimum Deposit
Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.
| 🔎Broker | 🥇IG |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
IG is an impressive broker with a well-rounded and comprehensive offering.
Traders Insights
My very first experience with IG and it is positive. Mostly supportive team in a very quick manner. My expectations so far have been more than matched! – Albertus
The Securities and Commodities Authority of UAE
The Securities and Commodities Authority or SCA, is the regulatory body overseeing the financial markets in the United Arab Emirates (UAE). The SCA is responsible for protecting investors, ensuring market integrity, and promoting a fair and transparent financial environment.
In Conclusion
The Securities and Commodities Authority (SCA) plays a crucial role in supervising securities, commodities, and derivatives markets within the UAE.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While rating and reviewing the Best SCA regulated Forex Brokers that accept Traders in the UAE, we found 6 excellent options. Each broker listed has its list of Benefits, ranging from multiple account types to multilingual customer support. However, finding the Best Forex Broker will depend on a trader’s individual trading needs.
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The Securities and Commodities Authority or SCA, is the regulatory body overseeing the financial markets in the United Arab Emirates (UAE).
The Securities and Commodities Authority (SCA) plays a crucial role in supervising securities, commodities, and derivatives markets within the UAE.
ADSS is regulated by the SCA and accepts traders from the United Arab Emirates without restriction.
The Minimum Deposit to open an AvaTrade account is 100 USD. AvaTrade offers access to Retail, Professional, and, Islamic Accounts.
Swissquote MEA Ltd holds a category 3A license from the Dubai Financial Services Authority (DFSA).
IG offers access to 24/7 Dedicated and Multilingual Customer Support. In addition, customer support is available via multiple channels.
The SCA is responsible for protecting investors, ensuring market integrity, and promoting a fair and transparent financial environment.
AvaTrade is licensed as a regulated broker in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands.
The benefits of trading with ADSS include Commission-Free Trading, Extensive educational resources, and, competitive pricing.
Swissquote is best suited to experienced traders with access to advanced trading platforms and features.
Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.
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