and that matches your trading goals. There is a large number of Forex trading brokers available offeringdifferent types of accounts. You can find a list of local insurance brokers in the Yellow pages.
Yes, if those brokers are MiFID compliant.
Here we have a list of the most recommended Dubai forex brokers that can provide you with reliable forex brokerage services as well as a wide range of instruments and markets to trade.
Who regulates forex brokers in the UAE and in Dubai?
The main regulatory authority with finance market oversight is Central Bank of United Arab Emirates or shortly just cbuae.
To open a representative or handling office and become legal a Dubai Forex Broker, the company should get an authorization from the dfsa (Dubai Financial Service Authority) or Abu Dhabi Central Bank, which regulates and supervises the financial sector of the region. Also there are issues of spread widening during extreme volatileperiods especially during economic news release in Forex. There is a website called, FindTheBest, which lets you compare the different Forex brokers, and find who will be the best fit for you. I am using Oanda for excution speed. Broker Forex specializes in trading in currency differentials. The main regulatory authority with finance market oversight. Leverage : 1:500, trading Platforms : MT4, MT5 0, reviews.
Nothing out of ordinary. This matter increases the interest of Gulf, especially UAE people in Forex trading and attracts many Forex Brokers to the region. In the result, due to the increasing demand, huge potential and importance of presence in Gulf region force global Forex Companies to expand their offering and suit them according to the need. In mostcases spread widens a bit and it is beyond the control of somebrokers due to surge in price feed demands to liquidity is better to use spread checking indicators to check mate unduespread manipulations.