Thursday, September 13, 2012

Starting Forex Trading in UAE-Forex Brokers Reviews

Here is list of Forex brokers if you are starting forex trading in UAE. You should be careful while choosing broker for online trading as all brokers are not regulated and trust worthy. Below list is my personal evaluation of forex brokers. When ever, you start trading, look for forex broker which is Regulated by any financial authority. For example, HY Markets is regulated by FSA UK.

UAE is becoming financial hub and more Forex brokers are moving here so there are lot of options but my advise is to be careful while dealing with unknown broker. Also you will find here lot of middle brokers so its better to directly trade with main forex broker rather than middle man.

Broker Name
       
Key Points
       
Rating
     
HY Markets Dubai

  • Regulated by DFSA and FSA-UK
  • In Market since 1977
  • Offices in Hong Kong , London , United Arab Emirates
  • Customer support available in English , Arabic , Chinese , Russian
HY Markets rating Dubai

PIP Trade Dubai


  • Regulation: FSA (UK)
  • Headquarters: London, UK
PIP Trade rating Dubai
Etoro Dubai

  • Regulation: FSA (UK)
  • Headquarters: London, UK
ETORO Dubai rating - Dubaiforexbrokers.blogspot.com
Oanda Dubai
  • Regulation: FSA (UK)
  • Headquarters: London, UK
OANDA Dubai rating - Dubaiforexbrokers.blogspot.com
FXCM Dubai


  • Regulation: FSA (UK)
  • Headquarters: London, UK

FXCM Dubai rating - dubaiforexbrokers.blogspot.com
Alpari Dubai - dubaiforexbrokersblogspot.com

  • Regulation: FSA (UK)
  • Headquarters: London, UK
alpari dubai rating


Please note that this is my personal rating for brokers according to my experience.

PipTrade

Perhaps the biggest advantage of PIP trade over other broker companies is that it allows for trading various investment vehicles in a single account. Unlike other brokers, PIP trade offer precious metals, commodities, oil, stocks and indices in addition to currencies. This is an ideal choice for traders who are looking to allocate their assets into different markets. With PIP Trade, you can go long and short on any of the products and you get the security of dealing with a regularized broker.

Alpari

Alpari initially started running in Russia but had then moved to UK. This is one of the most widely used brokers among Forex traders around the world. The dealer itself is well capitalized, therefore giving security to traders in investing their money. Another bonus of trading with Alpari is the ability to trade options.

Etoro

Etoro has been one of the few broker companies that have quickly adapted to the fast changing market circumstances. It has one of the easiest platforms to navigate and also has an interesting blend of social media. With eToro Openbook, traders can see what other traders are doing in real time. This makes it possible for them to find out which strategies work and are worth following.

FXCM

If you are looking for an absolutely credible broker, then FXCM is one of the best choices out there. The very fact that this is not only regulated but listed on the New York Stock Exchange indicates that it is indeed a serious company. With a minimum deposit of $50, you can get up and running in currency trading. The deposit process is also straightforward as you can use credit/debit cards, checks as well as ACH deposit to fund your account.

Oanda

Oanda is another trusted broker having established its credibility over the past years. In addition to the most traded pairs, it also offers exotic pairs and precious metals. Oanda’s website houses some of the best educational materials on Forex trading in general and there are lots of commentaries which can help traders in formulating ideas. There is no minimum deposit and funding your account can be done through bank wire, ACH and check.

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