Our February 2023 comparison of the UAE forex brokers found Pepperstone has the lowest spreads on most of the currency pairs. The table below is based on the average spreads published by each broker on their website.To get more news about best forex brokers in uae, you can visit wikifx.com official website.

The spreads displayed are for the Pepperstone razor account which offers the lowest brokerage for Dubai traders. It combines a spread and commission to determine the final brokerage when trading forex or CFDs. The other option is the standard account which has no commission but higher spreads. If you are unsure which account is right for your needs you can view the razor vs standard account comparison.

The commission charged on the Razor account depends on the base currency selected. There are 10 base currencies offered with the most popular being the USD, EUR and GBP. The commission rates of each are shown below.

The calculator below compares the average brokerage of Pepperstone to Axi and IG. This combines the average spread of 2023, commissions and current forex swaps. It highlights just how much traders save on each trader when selecting the Pepperstone Razor account.

As a general recommendation, MT4 is recommended for individuals looking to primarily trade forex. MT5 is the best option for trading CFDs such as indices and shares white cTrader is designed for scalping and automated trading. Below compares the three main trading platforms and also includes TradingView which is an add-on for traders who select the cTrader razor account. The platforms also support 38 languages from Arabic to Persian.

As Pepperstone aggregates price quotes from 22 tier-one liquidity providers, it can ensure lightning-fast execution of market orders, with an advertised execution speed of 30 ms. Fast order execution speed is helpful to scalpers and social trading (copy trades). To get a more accurate reading of the ECN order execution speed, we used a MetaTrader 4 script to verify the quality of trade execution for various brokers. The results of our testing revealed that Pepperstone records the fastest execution speed with a measured speed of 100 milliseconds.

In 2023 the Investment Trends leverage report based on a survey of real traders found Pepperstone has the most satisfied clients. This was due to the low trading fees and fast execution speed combined with their customer support which in the UAE includes 24/5:

For our review of the UAE forex brokers, Pepperstone ranked on top of our star scoring system because it’s the perfect fit for Muslim traders and professional traders alike. You can start forex trading with low spreads, competitive commissions, easy-to-use trading platforms, fast order execution speed and a wide range of tradable instruments. Don‘t miss the chance to claim your FREE demo account by clicking the button below.

While all other brokers on this list offer variable spreads, AvaTrade spreads are mostly fixed. Fixed spreads shield you from wild swings which can prevent significant losses when price movements. Since fixed spreads mean better predictability they are a good option for new traders and traders relying on stable spreads as a trading strategy.

As a bonus, AvaTrade does not provide restrictions on short selling and scalping. You can even use Expert Advisors through the MetaTrader 4 and MetaTrader 5 trading platforms to automate your trading or via their copy trading platforms such as ZuluTrade, DupliTrade and AvaSocial. These features are somewhat unusual for a market maker and rarely found with brokers offering fixed spreads.

Trading Accounts and Spreads
AvaTrade is a market maker, however, this does not mean you are paying more than other brokers. Spreads with AvaTrade start from 0.9 pips and have no commission costs which is very competitive when it comes to fixed spreads, in some cases even better than some brokers offer for their standard account. This is impressive because fixed spreads are generally wider as the broker takes on the most risk when spreads move with extreme volatility.