The United Arab Emirates (UAE) remains a remarkable financial hub in the Middle East for its thriving economy and free of tax on forex trading earnings, with Dubai particularly standing out as a major center for forex trading. The Securities and Commodities Authority (SCA), one of three major regulators in the UAE, alongside the Central Bank of the UAE (CBUAE) and the Dubai Financial Services Authority (DFSA), is of paramount importance in regulating forex brokers, ensuring market integrity and protecting investor interests through strict licensing requirements and operational guidelines.
Founded in | 2000 |
Authority Type |
Government Organization |
Max. Leverage | Not Explicit |
Forex Regulation | Yes |
Protection Funds | N/A |
Official Website | https://www.sca.gov.ae |
As the region continues to attract both domestic and international investors, SCA-regulated forex brokers must maintain high standards of compliance, transparency, and financial security, including segregated client funds, regular audits, and robust risk management systems. This article explores the top 7 SCA-regulated Forex brokers operating in the UAE, analyzing their key features and the factors that contributed to their inclusion on the list.
Comparison of the Best SCA-Regulated Forex Brokers in the UAE
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Best SCA-regulated Forex Brokers in UAE Overall
Broker Name | Logo | Why is it listed as the Best SCA-regulated forex brokers in UAE? |
AUS Global | ✅ An established NDD broker providing low trading costs on most instruments ✅Solid social trading technology, plus convenient payment options |
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ATFX | ✅ A dynamic forex broker that operates under strong regulations in and outside the United Arab Emirates ✅ Solid MT4 and MT5 trading platforms as well as its advanced copy trading feature to give clients a superb trading experince |
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Multibank Group | ✅ An established and multi-regulated forex broker that has been operated for years ✅ Excellent trading conditons plus powerful trading software giving more trading possibility |
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CFI Group | ✅ Globally and heavily regulated, giving lots of reliability for its clients ✅ Strong platform offerings to safeguards clients trading all the way |
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GTC FX | ✅ A UAE-based forex broker operates under a strong regulatory frame, with a solid reputation ✅ Generous leverage up to 2000:1, as well as competitive tradin costs provided |
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NCM | ✅ Regulated by both FCA and SCA, this broker operates legally ✅ Providing solid trading conditions all the time |
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ADSS | ✅ An established SCA-regulated forex broker that provides excellent trading conditions ✅ Over 65 currency pairs to trade, investors have more choices |
Overview of the Best SCA-regulated Forex Brokers in the United Arab Emirates
AUS Global-Best SCA Broker for the Copy Trading Feature
Broker | |
Overall Rating | ⭐⭐⭐⭐ |
Founded in | 2003 |
Regulations | CYSEC, ASIC, FSCA, SCA |
Min. Deposit | 50 USD |
Products | US & EU Stocks, Forex, Precious Metals, Futures, Stock Indices |
Leverage | 500:1 |
Trading Costs | Spreads from 0.1 pips |
Trading Platforms | PAMM, cTrader |
Account Types | STP, ECN, Classic, VIP |
Demo Accounts | ✅ |
Promotions | ✅ |
AUS Global, founded in 2003, is a comprehensive No Dealing Desk (NDD) broker under the SCA regulation, offering market access across US & EU stocks, forex, precious metals, futures, commodities, and stock indices on generous leverage of up to 500:1, giving traders more trading flexibility.
Traders can choose from four account types: STP, ECN, Classic, and VIP, with an accessible minimum deposit of $50. The broker stands out for its competitive spreads starting from 0.1 pips and innovative social trading features that particularly benefit newcomers to the trading world. While AUS Global offers an impressive range of trading instruments and account options, notably, they don't support the popular MetaTrader platforms (MT4/MT5), which may be a consideration for traders who prefer these platforms.
AUS Global has established a strong presence in the UAE market, particularly excelling in its localized services for regional investors. The broker's multi-currency support system is especially beneficial for UAE traders, accepting major currencies including EUR, USD, GBP, CNY, JPY, NZD, and notably, AED (UAE Dirham).
✅Where AUS Global Shines:
• Operating under a strong regulatory frame, including tier-1 ASIC in Australia
• Providing social trading technology with mobile apps on Andriods and IOS
• Tailored trading accounts targeting traders with various trading experience and level
• A low minimum deposit of $50, along with free demo,is easily accessible for novice beginners
• Generous leverage up to 500:1, giving investors more trading flexibility
❌Where AUS Global Falls Short:
• No MetaTrader platforms provided, a pity for these platforms lovers
• Minimum withdrawal limit applied (from USD 40) for Unionpay and Virtual Currency
• No popular copy trading provided
• Commission details are not disclosed, and this detail could be enhanced
ATFX - Best SCA Broker for Solid Trading Platfroms
Broker | |
Overall Rating | ⭐⭐⭐⭐ |
Founded in | 2017 |
Regulations | ASIC, SFC, FCA, CYSEC, SCA |
Min. Deposit | $100 |
Products | Forex, Indices, Commodities, ETF, HK Shares CFDs, US & European Share CFDs |
Leverage | 400:1 |
Trading Costs | Spreads vary depending on accounts |
Trading Platforms | MT4, MT5, ATFX Copytrader |
Account Types | Standard, Edge, Raw, Raw Pro |
Demo Accounts | ✅ |
Promotions | ❌ |
ATFX stands out as another popular forex broker in the UAE, providing access to a good range of instruments covering forex, indices, commodities, ETFs, and CFDs on Hong Kong, US, and European shares. The broker caters primarily to professional traders with competitive leverage rates of up to 400:1.
Their UAE operations feature four distinct account types: Standard, Edge, Raw, and Raw Pro, with an entry-level deposit requirement of $200, a modestly average level. ATFX enables popular trading platforms including MetaTrader 4, MetaTrader 5, and their proprietary ATFX CopyTrader system. For those looking to test their trading strategies, demo accounts are also available across all platforms.
✅Where ATFX Shines:
• Heavily and globally regulated, ATFX has gained a good reputation
• Advanced trading platforms including both MetaTrader 4 and MetaTrader 5, as well as its proprietary copy trading softwar-ATFX CopyTrader
• Tailored live accounts and free demo accounts give investors more trading solutions
• No depsoit or withdrawal fees
❌Where ATFX Falls Short:
• Currency pairs are not in a good variety, limited to 40 pairs only
• Limited payment options and currencies available, which may not be convenient for traders in UAE.
• Withdrawals are free if they are equal or over €/$/£100.00, or for the full balance of your account, or you will be charged €/$/£5
• No promotion is held regularly.
• $200 to open a real trading account, not that friendly for most invetsors, especially beginners
Multibank Group-Best SCA Forex Brokers for Robust Copy Trading Solutions
Broker | |
Rating | ⭐⭐⭐ |
Founded in | 2005 |
Regulations | ASIC, CYSEC, SCA, MAS |
Min. Deposit | $50 |
Products | Forex, Metals, Shares, Indices, Commodities, Cryptocurrencies |
Leverage | 500:1 |
Trading Costs | Spreads vary depending on accounts, from 0.0 pips |
Trading Platforms | MT4 Platform, MT5 Platform, Web Trader MT4, Web Trader MT5, Social Trading, MultiBank-Plus |
Account Types | Standard, Pro, ECN, Islamic |
Demo Accounts | ✅ |
Promotions | ✅ |
Founded in 2005, MultiBank has established itself as a global brokerage powerhouse with regulatory oversight across five continents. The broker offers a diverse range of trading instruments including forex, metals, shares, indices, commodities, and cryptocurrencies, with competitive leverage up to 500:1.
MultiBank's platform ecosystem includes both MetaTrader 4 and 5, along with their respective web trading versions. Their social trading feature adds an extra dimension for traders seeking to enhance their profit potential through copy trading. The broker offers four distinct account types plus a demo option for practice trading. To sweeten the deal, MultiBank currently runs two promotional offers: a 20% deposit bonus and a cashback program.
✅Where Multibank Shines:
• Featuring a global presence, heavily and globally regulated
• A good variety of trading products are on offer, including over 55 currency pairs, with generous leverage up to 500:1
• Both MetaTrader 4 & 5 are provided, along with copy trading software
• A 20% deposit bonus is provided to give investors more courage to have a try
• Low minimum deposit from $50 to open a real account, quite accessible for many investors
• 24/7 technical and account support and multilingual customer support provided
❌Where Multibank Falls Short:
• Limited payment options, restricted to standard ones
• High minimum requirements for the Pro and the ECN account
• No micro accounts provided
• Trading restrictions on scalping
CFI Group - Best SCA Forex Brokers for Diversified Tradable Products
Broker | |
Rating | ⭐⭐⭐ |
Founded in | 1998 |
Regulations | CYSEC, FCA, SCA, FSA, BDL |
Min. Deposit | No |
Products | Forex, Stocks, Energies, Metals,Indices, ETFs, Crypto, Bonds, FuturesStocks, MENA Stocks, ETFs, Options |
Leverage | 500:1 |
Trading Costs | Spreads from 0.4 pips |
Trading Platforms | CFI Trading App, MT5, MT4, CFI cTrader, CFI Multi-asset, Tradingview |
Account Types | Zero-commission and Dynamic Trader |
Demo Accounts | ✅ |
Promotions | ❌ |
CFI Group has emerged as a dynamic player in recent years, distinguishing itself with access to over 15,000 trading instruments across multiple asset classes. Their comprehensive offering includes forex, stocks, energies, metals, indices, ETFs, cryptocurrencies, bonds, futures, MENA stocks, and options, supported by competitive leverage up to 500:1.
A super shining feature of CFI Group is their no minimum deposit requirement for live trading accounts, making them highly accessible to traders of all levels. The broker excels in platform diversity, offering an impressive suite of trading interfaces including MT4, MT5, CFI Trading App, TradingView, cTrader, and CFI Multi-asset platform. Besides, this broker provides 7/24 support through phone, email, online chat , and a support ticket system to solve clients' problems in a timely manner.
✅Where CFI Group Shines:
• Operating under a strong regulatory frame, including CYSEC, FCA, SCA, FSA, and BDL
• Providing trading products in good variety and large amount
• Multiple trading platforms to choose from, including advanced social trading feature
• $0 to open a real account, making trading accessible to investors, especially beginners
• Rich and solid educational content, including Webinar, Seminars, Educational articles, and more
• Demo accounts also provided
• 7/24 support through diversified channels
❌Where CFI Group Falls Short:
• No diversified account options, only two accounts types
• Limited payment options, inconvenient for investors from more countries
• Website available in three languages only, and this part could be enhanced
GTC FX - Best SCA Forex Brokers for Competitive Trading Costs
Broker | |
Rating | ⭐⭐⭐ |
Founded in | 2012 |
Regulations | FCA, ASIC, SCA, VFSC |
Min. Deposit | $0 |
Products | Forex, Precious Metals, Stock CFDS, Commodities, Equity Indices, Energies |
Leverage | 2000:1 |
Trading Costs | Spreads from 0.0 pips + commission $5 per standard lot |
Trading Platforms | MT4 & MT5 |
Account Types | Standard, Pro, ECN |
Demo Accounts | ✅ |
Promotions | ✅ |
GTC FX, a local forex broker in the UAE has gained great popularity over these years , extends its services to a diverse clientele spanning over 20 countries. This globally recognized broker adheres to stringent regulatory standards, boasting licenses from two tier-1 authorities: the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom. GTC FX offers an expansive trading universe, covering over 27,000 instruments, including forex pairs, precious metals, stock CFDs, commodities, equity indices, and energy derivatives. Leveraging up to 2000:1 is available, tailored to experienced traders seeking higher returns. Notably, the broker allows entry with a zero-minimum deposit for its Standard account. To enhance the trading experience, GTC FX provides access to both the renowned MetaTrader 4 and MetaTrader 5 platforms. No restrictions on trading and copy trading feature are also its shining points.
✅Where GTC FX Shines:
• Globally and heavily regulated, including two tier-1 regulators, including ASIC in Australia and FCA in the UK
• Providing an extensive range of trading instruments and in a good variety
• Generous leverage up to 2000:1, giving investors more trading flexibilty
• No trading restrictions and the copy trading feature provided
• $0 to start a real account, making trading easily accessible for most investors
• Official website available in over 20 languages, better serving investors from many regions
• A 20$ deposit bonus giving newcommers more courage to start trading
Multiple convenient payment options to make it easier for clients to deposit and withdraw funds
❌Where GTC FX Falls Short:
• No proprietary trading platforms or cTrader, Tradingview provided
• No Islamic trading accounts provided
NCM - Best SCA Forex Brokers for Dynamic Leverage
Broker | |
Rating | ⭐⭐⭐ |
Founded in | 2009 |
Regulations | FCA, SCA, LSFA |
Min. Deposit | $3,000 |
Products | Forex, Indices, Commodities, Energies, Agriculture |
Leverage | Dynamic |
Trading Costs | Variable |
Trading Platforms | MT5 Web Terminal |
Account Types | Variable Execution, Plus Leverage |
Demo Accounts | ✅ |
Promotions | ❌ |
NCM Investment, a Kuwaiti-based online trading platform established in 2009, offers trading opportunity on Forex, Commodities, Precious Metals, CFDs and Related products. This broker, however, presents limited account options featured by high minimum deposit requirements. Besides, its sole reliance on the MT5 Web Terminal and lacking mobile app support set in an unfavorable position.
When it comes to accounts options, this broker seems not give a good offering, only two types of trading accounts are provided, both asking for an extremely high minimum deposit. Besides, NCM Investment only provides the MT5 Web Terminal, no mobile apps provided, giving clients less choices when trading.
✅Where NCM Investment Shines:
• A regulated forex broker giving access to over 27,000 trading instruments, an extensive amount
• Dynamic leverage giving investors unlimited trading potentials
• Demo trading accounts giving newcomers more courage to trade on this platform
• Free swap charges and hedging allowed
❌Where NCM Investment Falls Short:
• Only currency trading available in the Plus Leverage account
• Extremely high entry level, unfriendly to most investors
• Only two account options are provided, making it less tailored for more client types
• Limited payment methods, inconvenient for traders to make deposits and withdrawals
• No mobile trading apps for investors to trade on the go
ADSS - Best SCA Forex Brokers for MT4 Trading Platform
Broker | |
Rating | ⭐⭐⭐ |
Founded in | 2011 |
Regulations | SCA |
Min. Deposit | $100 |
Products | Indices, Forex, Equities & ETFs, Cryptos, Bonds, Commodities |
Leverage | 500:1 |
Trading Costs | Spreads from 0 pips (the Pro account) |
Trading Platforms | ADSS Platform, MT4 Platform |
Account Types | Classic, Elite, Pro |
Demo Accounts | ✅ |
Promotions | ❌ |
Established in 2011, Abu Dhabi Securities Services (ADSS) is an online forex and CFDs broker headquartered in the United Arab Emirates. The platform offers a good range of tradable instruments, covering Forex, Indices, Equities & ETFs, Cryptocurrencies, Bonds, and Commodities. ADSS provides access to these markets through a leveraged trading environment, with a maximum leverage ratio of up to 500:1.
ADSS is known within the UAE for its reputation as a solid broker offering flexible trading experience. And the company primarily employs the popular and robust MetaTrader 4 (MT4) trading platform. A big drawback for many potential trader, however, lies in the high entry level for its Elite and Pro accounts, both demanding $100,000, unaffordable for many retail investors.
✅Where ADSS Shines:
• SCA-regulated, a popular forex broker in the United Arab Emirates that gained solid reputation
• Generous leverage up to 500:1, giving investors more trading flexbility
• Spot Forex pairs, over 65 currency pairs are provided to give investors more trading choices
❌Where ADSS Falls Short:
• No multiple regulations, which make it concerning some investors outside the United Arab Emirates
• Sky-high minimum deposit for the Elite and the Pro accounts
• Only MT4 and ADSS platform, no more trading platforms like MT5, Tradingview and cTrader provided
• High minimum deposit requirement for the Elite and Pro accounts
• No 7/24 customer support, no online communication feature either
Frequently Asked Questions (FAQs)
What is the SCA Regulation ?
Established in 2000, the Securities and Commodities Authority (SCA) is one of the primary financial regulatory bodies in the United Arab Emirates, operated by the government.The SCA's primary function is to oversee and regulate the securities and commodities markets within the UAE, maintain market integrity, and foster a stable and transparent financial environment, excluding free zones like the Dubai International Financial Centre (DIFC). Notably, it does not provide “ Investor Protection Funds” like some other regulatory authorities in traditional sense.
SCA Regulation VS DFSA Regulation: Which One Is Stricter?
While both the Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA) are reputable regulators in the UAE, the DFSA is generally considered to have a more stringent regulatory framework. The DFSA operates within the Dubai International Financial Centre (DIFC), an internationally recognized financial hub with a focus on attracting international businesses.To maintain its global standing, the DIFC has implemented robust regulations that align with international best practices, often exceeding the regulatory standards set by the SCA.
What Leverage Options Are Available Under the SCA Regulation?
Under SCA regulations, leverage limits are set according to the type of financial instrument being traded. For forex major pairs, the maximum leverage is 1:50, while minor and exotic currency pairs are capped at 1:20. Commodities trading is limited to 1:10 leverage, and stocks can be traded with up to 1:3 leverage.
CFDs and other derivatives follow similar conservative leverage restrictions, reflecting the SCA's emphasis on risk management and investor protection. However, it's important to note that individual brokers might offer lower leverage ratios based on their risk policies and client categorization (retail vs. professional investors).
How can I identify an SCA-regulated forex broker?
Check the Broker's License Number: Each SCA-regulated broker is issued a license number and this information can be easily searched on the WikiFX.
Look for the SCA Logo: Many brokers that are regulated by the SCA will proudly display the regulatory body's logo on their website and marketing materials. However, one thing to note is that this claim may be promotional and still need to be verified on the SCA official website or some authoritative information platform.
Review Broker's Compliance Documents: A regulated broker will provide clear documentation of their compliance with certain regulatory authority, AML (Anti-Money Laundering), KYC (Know Your Customer), and other regulatory guidelines.
Are there any restrictions for UAE residents trading with SCA-regulated brokers?
Trading through SCA (Securities and Commodities Authority) regulated brokers in the UAE is relatively straightforward for residents. UAE residents over 21 years old can open trading accounts with these brokers after providing proper identification, proof of residence, and completing the required KYC (Know Your Customer) procedures. This includes submitting an Emirates ID, passport copy, and recent utility bill or bank statement.
The main restriction comes in the form of minimum investment requirements, which vary by broker but typically range from AED 10,000 to AED 25,000. Additionally, traders must maintain a minimum account balance and adhere to margin trading limits set by both the SCA and individual brokers. It's worth noting that Islamic trading accounts are also available for those who wish to comply with Shariah principles.
Why Do Traders Like to Choose UAE-based Forex Brokers?
UAE-based forex brokers attract investors for several compelling reasons. The country's strategic location between Asian and European markets provides traders access to longer trading hours and increased market opportunities. Additionally, the UAE's tax-free environment on trading profits makes it quite attractive for investors focused on maximizing returns.
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About WikiFX
On WikiFX.com, our evaluations of online forex brokers, along with their offerings and services, are derived from the data we've gathered and the informed insights and professional perspectives of our expert researchers.We conduct a thorough review of each broker's regulatory compliance, commission rates and charges, minimum deposit needs, leverage availability, performance of the solid understanding of these aspects. platform, and the speed of withdrawal processes. Through our technologically-backed assistance, we strive to ensure you have a We sincerely maintain an updated leaderboard of top brokers and offer extensive forex guides. With a catalog of nearly 60,000 brokers regulated by 30+ authorities,boosting confidence and simplifies trading experiences for your forex journey.
Disclaimer: All information published in this article is intended for informational purposes only, and it should not be considered as individual recommendations.