It makes Dubai one of the future platform for the eventual trading experience.

Trading license in Dubai is generally used by locals as well as expats alike. Companies whose main activities are based on the trading of their own money in Forex; Over the Counter OTC as well as Exchange Traded Derivatives on regulated exchanges. You can also check Professional license in Dubai. Forex Trading license in Dubai will enable you to get an international coverage. Forex gives you exposure as well as investment options.

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It also helpful in making profits at market fluctuations. The important questions, according to our experience; that have been asked to investors who want to acquire this license are as below:. Upon providing the details of all the above questions, below are few other documents that are required by the authority. The investor will pick whether to take an office or choose a Flexi Desk.

To choose this option you need to keep in mind the number of visa. As the number of visa is depend on the size of an office.

DFSA Forex Brokers for Dubai

You need to deposit this amount in your bank account as well as you need to show a bank letter. The setup cost of this kind of a license is AED. And also you must need to choose your office space. It can be flexi desk or a proper office and then acquire approval from authorities. The amount of leverage you can use and the margin requirements on your account can also make a significant impact on your overall profits and losses. Maximum leverage rates can vary widely. Some brokers offer leverage of up to on forex accounts. Margin is the amount of money needed to implement leverage.

Instead of charging a commission per transaction, forex brokers simply widen their dealing spreads to you. Therefore, finding a broker that offers narrow spreads can save you plenty of money in the long run if you intend to actively trade. Most online forex brokers use their own proprietary trading platforms or support the use of the popular MetaTrader4 and MetaTrader5 trading platforms from MetaQuotes. These similar platforms offer state-of-the-art trading software with powerful analytical features such as a complete technical analysis suite, invaluable for assessing the direction of currency pairs.

Also, MetaTrader has a customizable interface and is programmable, which allows you to program and automate your own trading plan. Ideally, you should be able to contact your broker throughout the trading week 24 hours a day, five days a week either by telephone, live chat or quick-response email in the event of an erroneous trade or simply to ask a question.

If you are new to trading forex, look for a broker that offers a wide range of educational resources. These resources can include articles, videos and other tools you can use to make trading decisions.

Forex Trading in Dubai - List of Forex Companies in Dubai - Forex Education

Once you have decided on a broker, you can then proceed to open a demo or live funded account so you can begin to trade. Keep in mind that your results trading in a demo account could be drastically different than when you trade in a live account, so it makes sense to start with small amounts. An easy-to-implement trading plan that incorporates sound money management principles often makes the difference between a profitable trader and one who stops after a few losses.

A solid trading plan also gives you the confidence you need to deal with the inherent volatility of the forex market. In addition to forex trading, many online forex brokers offer trading in Contracts for Difference CFDs , which can allow you to also trade in commodities, cryptocurrencies, metals and stock indices, as well as some individual high capitalization stocks such as Apple Inc. Overall, trading the forex market in Dubai involves finding the right broker for your needs, especially if you have little or no experience in trading. If you have experience, then you should have no problem finding a broker that meets your requirements, whether you choose one based in Dubai or elsewhere.

Though finding a good broker to partner with is very helpful to your trading business, the most important factors that will enhance your trading success involves your trading plan and your level of preparation. You can access hundreds of educational videos and workshops and even individualized private sessions with mentors. Never trade alone! Join ForexSignals.

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Table of contents [ Hide ]. Pros Impressive, easy-to-navigate platform Wide range of education and research tools Access to over 80 currencies to buy and sell Leverage available up to The first would be to find a licensed broker.

The UAE market can sometimes seem unregulated, especially if you sign with an unregistered broker. Those are the brokers with a professional attitude whose goal is to establish a long-term client-base. They offer professional services and walk the extra mile for their clients.

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The CB of UAE makes sure that registered brokers follow the law and abide by rules and regulations which emphasize costumer protection, healthy competition, fairness and transparency, and professionalism. Getting a license from the Central Bank of UAE is no easy task, as there are multiple provisions in place, making sure those brokers who do get licensed offer high-quality services and conduct their business in a fair and transparent manner. The bank works closely with the SCA Securities and Commodities Authority to make sure all the prerequisites are fulfilled prior to issuing a license.

The most important among these requirements are:. These stipulations make it clear that regulated UAE Forex brokers undergo a lot of scrutiny, making sure they can provide proper services to their clients.

Forex Trading Overview:

Offshore brokers are welcome, but they need to have a domestic representative in the country, and, naturally, they have to prove their liquidity. A Forex broker without sufficient cash on hand is a disaster waiting to happen. The SCA also plays an important role in the process of licensing and monitoring.