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DFSA Regulated Forex Brokers 2024

With the Forex market being one of the most rapidly-growing financial markets around, there are brokers in Dubai you can choose to partner with regardless of your investment. For those who have yet to start trading in this type of market or looking for new Brokers in Dubai, we will provide a list of DFSA regulated forex brokers that you might want to consider partnering with. Needless to say, Forex brokers in Dubai have to be regulated in order to operate legally. DFSA regulated brokers are the ones that have been audited and meet financial requirements before they are allowed to operate.

This post will look over DFSA regulated forex brokers, how they are regulated, and what licenses they have obtained. Some forex brokers may have their base in Dubai, but not all of them are fully licensed legally to trade there. So this will help you to find the right one for your trading needs.

What is DFSA in UAE?

dfsa regulated forex brokersDFSA stands for Dubai Financial Services Authority. It is an unparalleled authority comprising some of the most influential financial and economic planners in Dubai. Since its establishment in 2004, DFSA has been instrumental in shaping policies to secure the people's financial lives and management within Dubai. The DFSA provides regulation for financial institutions and firms, controls the operations of commercial banks, and above all else is responsible for safeguarding the interests of investors.

DFSA also functions as a regulator overseeing sections such as insurance companies, asset managers, credit-related establishments, and financial market players such as retail investors. This allows it to control a wide variety of responsibilities that range from development practices to investment portfolios.

The authority is operated by a board consisting of a number of influential financial and economic professionals who have been appointed from different areas within the federation. These individuals provide guidance to ensure that the policies set in place are not only effective but also serve to protect all stakeholders involved in forex trading and other financial sectors.

The DFSA has been instrumental in the development of financial markets within Dubai by ensuring that market policy is geared towards speeding up growth within the sector. The Authority was established in 2004 and has since then helped in fostering a favorable environment for innovation, risk assessment, business operation, and expansion. Its primary objective is to ensure the free flow of capital and provide guidance and support to foreign brokers seeking to set up branches in Dubai.

As the regulator of the Dubai financial sector, DFSA plays an important role in facilitating trade and commerce while also working towards promoting a stable economy through its sound investment policies.

Best DFSA Regulated Forex Brokers List



We only list licensed brokers that comply with the requirements of prominent regulatory agencies.


The minimum amount you need to deposit in order to start trading.


Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

Up to $10,500

Telephone: +501 223-6696

  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support
  • Non-EU traders don’t get investor protection
Platforms & Devices
No Bonus

Telephone: +61 2 9965 5830

  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees
  • Limited research tools
  • Only forex and CFD trading
Platforms & Devices

Telephone: +44-2030978571

  • Low spread
  • Controlled by several regulators
  • Numerous deposit and withdrawal
  • Favorable trading conditions
  • Few account currencies
  • Only USD or EUR as base currencies
Platforms & Devices
No Bonus

Telephone: +1786 628 1209

  • Digital account opening process
  • Seamless deposit and withdrawal
  • Attractive trading conditions
  • No inactivity fee
  • No cent account
  • Few analytical materials
Platforms & Devices

Is DFSA a Government Entity?

DFSA is an independent authority established and managed by the Dubai government under a law passed in order to ensure the development and growth of the Dubai financial market.

In short, DFSA is a private organization that regulates activities primarily related to financial services while also focusing on balancing fiscal policies with the need of the customers. With such a wide range of responsibilities, it can be said that DFSA is an essential part of the Dubai government. The DFSA's primary sources of income come from fees paid by every kind of company operating in the country, as well as investments made by bonds issued by the agency.

What does the DFSA do?

DFSA is an independent administrative body established to regulate the Dubai financial system, enforce the laws of the country, protect consumers and markets, supervise and regulate financial institutions in Dubai such as banks, forex brokers, and investment companies.

The DFSA aims to promote a stable economy within Dubai by issuing rules to government services and supervising financial activities. It also plays a major role in managing public debt. The DFSA has implemented regulations for licensed investment firms in its quest to protect consumers.

Is Forex legal in UAE?

Yes, forex trading is legal in UAE. However, it is recommended to trade via DFSA regulated forex brokers. The DFSA oversees financial institutions in the country and acts as a securities regulator for retail forex investors in Dubai. Moreover, the authority offers an environment of transparency and trust that is vital for promoting efficiency in various sectors of activity such as banking, investment, forex, etc.

Does Dubai have any Scam Brokers?

Yes, there are a lot of scam brokers available in Dubai. That is why everyone should check the regulatory status of a broker in Dubai before starting forex trading.

What is DFSA License?

The DFSA issues licenses to financial institutions such as forex brokers operating within Dubai. It also issues other licenses such as permits to ensure safe business operation, including restrictive policies on tax and accounting practices.

The DFSA license offers a transparent environment where both developers and investors can operate with full confidence of protection from regulations. The Authority also ensures that transactions are conducted within business standards and the standards of international norms.

What is DFSA Rulebook?

In order to provide a sound regulatory framework for the economy, the DFSA provides rules and regulations to ensure that all parties operate in accordance with international norms and standards.

The DFSA authority has a rulebook designed to ensure transparency in its dealings with various institutions and create an environment of accountability that promotes efficiency in different sectors of activity.

The rules and regulations implementing the Code of Conduct for Professionals are generally attached to financial statements submitted by financial institutions. Apart from this, the DFSA revolves around ensuring integrity within the legislative framework, and it makes sure that activities performed by public institutions are within international standards.

The rules have been established in order to protect consumers while endeavoring to encourage growth within Dubai's economy.

What is DIFC?

The Dubai International Financial Centre (DIFC) was established in 2002 with the sole purpose of providing a legal, regulatory and economic framework. So that the financial institutions can operate in a business-friendly environment within the city. The Authority is also responsible for protecting investors and customers from unscrupulous practices.

Things to Consider Before Choosing DFSA Regulated Forex Brokers

Choosing the right, DFSA regulated forex brokers is a challenge, considering that there are more than 3000 brokers operating in the industry today. To better help traders find out more about their options, we have put together a list of some factors to consider before deciding on a broker:

  • Regulated or not? You should consider this first, as any broker that is not regulated by the DFSA authority will be operating from an unknown location without any protection from customer funds being lost. In case of a dispute, the government will not be able to resolve it.
  • Fee structure: The fee structure is another important factor to bear in mind. Some DFSA forex brokers charge a flat fee for a limited amount of trades without any additional costs or other hidden charges.
  • Depositing and withdrawing funds: In addition, the availability of payment methods is another important factor to note for traders. DFSA regulated brokers should offer different methods for funding an account and withdrawing money from it, particularly wire transfer and credit/debit cards. Also, brokers may impose limits on withdrawals that should be taken into account prior to selecting a broker.
  • Payment times: Brokers should offer instant payments in case traders wish to withdraw money. Many brokers require 2-3 business days or even more to process payments, which can be undesirable and inconvenient.
  • Supported assets: More and more traders are diversifying the asset classes that they trade, and this factor should not be overlooked by forex brokers. They should list the most popular crypto assets and fiat currencies, as these are some of the assets that most traders trade with today.
  • Demo accounts: Demo accounts are an excellent way for new traders to get hands-on experience prior to risking their own money in the market. DFSA regulated forex Brokers should offer virtual accounts without any additional costs to provide a fair chance for traders to practice trading.
  • Tight spreads: Tight spreads are another important factor, as they allow traders to take advantage of the market trading opportunities. A tight spread could provide a profit opportunity that may not be possible with wide spreads, so this is an essential consideration.
  • Leverage and margin trading: Although both leverage and margin trading can provide traders with better returns on their investment in the short term, they are also more risky alternatives that inexperienced traders should avoid. Only trade at leverage or margin if you have full knowledge of this process and what it entails.
  • Trading platform: The type of trading platform that a DFSA broker offers can be the determining factor in selecting one. Platforms based on PC and mobile applications are always preferred to those sites that require traders to download additional software. Also, traders should look for platforms with regular updates and improved functionality.
  • Education: The most successful forex traders are the ones who take advantage of forex educational resources that are available at their disposal.
  • Customer service: Traders should regularly contact customer support if they have any problems with their trading account. A good forex trader will be able to provide assistance to other traders in need of help, as well as find solutions for technical problems that may arise.
  • Compliance: One of the most important issues that forex traders need to take into consideration is whether their trading platform is engaged in anti-money laundering (AML) activities or not. Also, many forex brokers are engaging in suspicious activities that could be the cause of the problem for traders in the future.
  • Forex license: To ensure a fair chance at success, you should select a broker that has a license issued by the local government authority.
  • Frequency of trading: Traders should consider the frequency of trading. Some DFSA forex brokers are open 24/7, which may be an advantage for traders who need to access their accounts after hours and on weekends. However, there are some brokers that only allow traders to access their accounts at specific times on certain days when live trading data is available.
  • Geographical location: You should check the geographical location of your forex broker's office before choosing to use it. This could be an essential selection factor for traders who travel frequently or will have the opportunity to do so in the future.
  • Bonus: Some forex brokers are apt to offer bonuses to both new and experienced traders, which can be an incentive for joining their platform. These bonuses can come in the form of a free deposit or free live trading accounts.
  • Incorporation: In addition, the best DFSA regulated forex brokers should have their business incorporated in several countries. The multiple incorporation process is better protected against fraud, so traders should choose this option for added security.
  • Legal jurisdiction: Traders should also check out how many countries the company is registered in prior to signing up with any DFSA broker. The laws of that country should be the same as their state or country of residence, which will help if there are any issues in the future.
  • Reputation: Traders should also consider social media comments and reviews when selecting a forex broker. The best brokers do not hesitate to provide information about themselves on their websites and social media accounts. The information may be useful to new traders.
  • Funding methods: A good forex broker should offer both options for funding traders' accounts, such as credit/debit cards, money transfers, and wire transfers.

Forex brokers often claim to offer a diverse range of products, but not all of them have what traders need. So, before you sign up for a new DFSA Forex broker, it's important to be aware of the types of products and services offered by the broker you are considering.

Look into which past results they have had, and see if they consistently perform well in good markets as well as bad ones. Ask about what type of trader you are and if they offer an account type that suits your needs best. Think about how much time you plan on spending trading each day, and then choose a DFSA broker accordingly.

How to Check if DFSA Regulates a Dubai Forex Broker?

If you are looking to invest your money in Forex trading, it is important to make sure the broker you are considering is regulated. For the Dubai traders, the best way for checking this seems to be the DFSA. First of all, you will need to visit the intended broker's website. Your visit should reveal a license number at the bottom of the page if they are regulated. Otherwise, it should show the country where their head office is located and other contact information. This should give you a good idea of whether or not they meet your requirements.

Here's how: After searching the name of a Dubai Forex broker on the DFSA website, it displays the broker's license number if it is regulated by DFSA. However, if the broker is unavailable on the DFSA website, it is sure that it is not regulated.

Final Words

It is difficult to make the decision of choosing DFSA regulated forex brokers due to the many brokers available. It can be even more difficult for new traders who are not sure what to look for before choosing their first broker. This article has gone through some of the key points that should be considered before trading forex with any broker, whether large or small. Hence, this will be a guideline for the traders located in UAE.

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