30 Best Forex Brokers In Saudi Arabia

Best Forex Brokers In Saudi Arabia is the finest forex broker in Saudi Arabia is a critical step for anyone interested in foreign exchange trading. While the forex market in the country is highly regulated, it is critical to select a broker that provides a secure and efficient trading environment. The Saudi Arabian Monetary Authority (SAMA) authorizes and regulates some of the top forex brokers in Saudi Arabia, ensuring they adhere to high financial standards and compliance criteria.

These brokers often offer a wide range of trading instruments, competitive spreads, cutting-edge trading platforms, and great customer service, making them an excellent choice for both novice and experienced traders. Furthermore, they provide Islamic or swap-free accounts to traders who follow Shariah law, making it accessible and inclusive to all.

Best Forex Brokers In Saudi Arabia When choosing a forex broker in Saudi Arabia, traders should undertake extensive research and examine their unique trading needs and preferences, as the right pick can have a significant impact on their trading success and overall experience in the volatile world of foreign currency.

Why Choose Best Forex Brokers In Saudi Arabia?

If you want to trade foreign exchange currencies, you must choose the finest forex brokers in Saudi Arabia. The correct broker can make or break your trading experience and prospective profits. Here are some things to think about while selecting the best forex broker in Saudi Arabia:

Regulating Compliance: The Capital Market Authority (CMA) of Saudi Arabia is a well-established regulating agency for FX trading. Check that the broker you select is regulated by the CMA. Regulatory monitoring provides you with some level of protection and ensures that the broker is following the law.

Security and safety: The broker should keep your assets and personal information safe. To protect your data and money, look for brokers who provide excellent encryption and security features.

Range of Instruments: A reputable forex broker should provide a diverse choice of currency pairings to trade, as well as other financial instruments such as commodities, indices, and cryptocurrencies. Diversification is important for risk management.

Trading Platform: The broker’s trading platform should be user-friendly and have the features and tools you require for your trading strategy. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two popular platforms.

Spreads and Commissions: Compare the broker’s spreads (the difference between the buying and selling prices) and commissions. Lower spreads and acceptable charges can assist in lowering trading costs.

Leverage can magnify both gains and losses: Make sure you understand how leverage works and select a broker with leverage levels that correspond to your risk tolerance and trading plan.

Customer Service: Responsive customer service is essential, especially for traders who may require assistance with their accounts or technical concerns. Look for brokers who provide customer service in Arabic and English, preferably 24 hours a day, seven days a week.

Educational Resources: Many brokers provide instructional resources including as webinars, videos, and articles to help traders improve their skills. These materials might be beneficial to both novice and expert traders.

Here Is List of The Best Forex Brokers In Saudi Arabia

• IC Markets
• FXTM
• MultiBank 
• Moneta Markets
• INFINOX
• Evest
• Capital.com
• CMC Markets 
• Pepperstone
• Saxo Bank
• Axi 
• Tickmill 
• Swissquote
• eToro
• FP Markets
• Pepperstone
• XM 
• EasyMarkets
• Roboforex 
• Exness 
• Alpari 
• Admiral Markets
• BDSwiss
• FBS 
• FXPro
• AvaTrade
• IG
• Plus500
• Alpaca Trading 
• Tastytrade

30 Best Forex Brokers In Saudi Arabia

1.IC Markets

IC Markets, also known as International Capital Markets Pty Ltd, is a well-known FX and CFD (Contract for Difference) broker in the financial business. Since its inception in 2007, IC Markets has built a reputation for providing a stable and technologically advanced trading platform.

The broker provides a diverse range of financial products, including forex, commodities, indices, and cryptocurrencies, making it an appealing option for traders with a variety of tastes. IC Markets is noted for its attractive spreads, quick order execution, and access to deep liquidity from a variety of liquidity sources, which can be very beneficial for professional and institutional traders.

2.FXTM

FXTM (ForexTime) is a well-known online trading platform and brokerage firm that specializes in forex and CFD (Contract for Difference) trading. FXTM, which was founded with the goal of providing traders with access to the financial markets, provides a diverse selection of trading instruments, including forex pairs, commodities, indices, and shares, allowing both retail and institutional clients to participate in the world of online trading.

FXTM is well-known for its user-friendly trading platforms, which include MetaTrader 4 and MetaTrader 5, and provide a smooth trading experience. The organization is also well-known for its instructional tools, which include webinars, articles, and tutorials aimed at providing traders with the information and abilities needed to navigate the volatile world of financial markets.

3.MultiBank 

MultiBank Group provides a broad variety of Institutional Programs to meet a wide range of business demands in the financial industry. These programs are precisely designed to offer partners a tailored and effective range of services. The connecting Broker program enables brokers and financial intermediaries to grow their businesses by connecting clients to the wide product offerings of MultiBank Group. The Affiliate Program provides partners with a customizable opportunity to earn income by promoting MultiBank Group’s services via various marketing channels.

The Prime of Primes initiative provides institutions and brokers with direct market access and high-quality liquidity, increasing trading capabilities. Finally, the Franchise Partner program provides entrepreneurs with a one-of-a-kind opportunity to develop a local presence under the MultiBank Group brand, supported by extensive assistance and resources. These Institutional Programs are tailored to our partners’ individual needs and goals, creating a mutually beneficial and profitable business partnership.

4.Moneta Markets

Moneta Markets’ objective has been to give clients all over the world with unrivaled access to 900+ of the most popular tradable products since its start. The Moneta Markets trading platforms were designed from the ground up to provide quick and easy market access, precise trading, and lightning-fast execution.

Moneta Markets MT4 and PRO Trader are cutting-edge trading systems that provide 24/5 market access, allowing you to capitalize on the next significant market swings. Today, trade up with Moneta Markets!

5.INFINOX

INFINOX enables traders all around the world to gain access to financial markets with ease, transparency, and trading intelligence. We are an internationally recognized and regulated FX and CFD broker. We provide competitive trading conditions and top customer service globally, with a presence in over 15 countries.

Award-winning platforms offer a smooth and seamless path from order to execution, as well as all the tools and resources needed to trade at the cutting edge. As a local broker with a global presence, our premium customer service team is available to clients 24 hours a day, seven days a week. Meanwhile, clients can trade in whichever market they like, confident that their funds are safe with a regulated broker.

6.Evest

Saudi Arabian forex broker, famous for its comprehensive products. It offers a diverse range of over 500 trading products, allowing you to adapt to a variety of trading techniques and preferences. This broker is distinguished by its incredibly competitive forex spreads, which begin as low as 0.8 pips, making it a particularly cost-effective choice for traders.

Furthermore, [Broker Name] provides a seamless trading experience via two powerful trading platforms – MetaTrader 5 and the unique Evest trading app – guaranteeing that traders have access to the most up-to-date tools and technology.

7.Capital.com

The well-known brokerage firm XYZ Forex is a popular alternative for forex trading in Saudi Arabia. XYZ currency stands out in the industry with its vast offering of 124 currency pairs, giving traders a diverse choice of options to pick from.

With spreads as low as 0.6 pips, this broker maintains competitive pricing, allowing traders to maximize profit potential while minimizing expenditures. One of the most notable features of XYZ Forex is its connection with TradingView, a robust charting and analysis platform that provides traders with extensive tools for technical analysis and market insights.

8.CMC Markets 

Saudi Forex Broker is a well-known financial organization that has dominated the worldwide Forex industry with its amazing offers. They cater to the various demands of both rookie and expert traders by offering a broad range of over 330 currency pairs. What distinguishes them is their focus to offering competitive spreads starting as low as 0.5 pips, making trading affordable and accessible to anyone.

This broker not only provides a diverse choice of trading products, but also a user-friendly trading platform, powerful analytics, and superior customer service. Saudi Forex Broker stands out as a trusted and innovative partner in the field of currency trading, whether you’re trying to diversify your portfolio or seek low-cost trading options.

9.Pepperstone

A varied variety of trading platforms is an important part of any modern brokerage, ensuring that traders have access to the tools they need to navigate the financial markets effectively. Our platform is built to accommodate a wide range of trading styles, from novice to seasoned experts. We offer access to a variety of industry-leading platforms, such as TradingView, MetaTrader, cTrader, and Capitalise.ai, each with its own set of features and functionalities.

TradingView is a well-known charting and analysis program, with a user-friendly interface and a large library of technical indicators. It’s a useful tool for both technical analysts and those who prefer a more visual approach to market monitoring.

10.Saxo Bank

With our cutting-edge trading platform, intended to fulfill the needs of advanced forex traders, you can trade 180+ currency pairs and 45+ forex options contracts. We understand that having access to a diverse selection of trading alternatives is critical in the fast-paced world of foreign exchange. With our diverse selection of currency pairs and forex options, you may successfully diversify your investing plans and capitalize on market possibilities.

Our innovative trading platform provides advanced tools and features that enable you to make informed decisions and execute precise deals. Whether you’re a seasoned forex trader or a seasoned investor trying to maximize your returns, our platform provides the right atmosphere for you to grow in the forex market, allowing you to capture every trading opportunity with confidence and precision.

11.Axi 

As traders, understand your needs and objectives in the volatile world of trading. Whether you’re new to the exciting world of trading or a seasoned pro, we’re here to provide you with a full suite of tools and services to enhance your trading experience.

Dedication to your success is unshakeable, and we take pride in supplying extraordinarily tight spreads that ensure every penny counts in your trading endeavors. Our execution is nothing short of lightning fast, guaranteeing that your trades are completed quickly and efficiently. We provide access to innovative tools and technologies that can help you make informed real-time decisions to empower your trading approach.

12.Tickmill 

Tickmill is a well-known online brokerage firm that provides traders and investors with a wide range of financial services. The company gives access to a number of financial markets, including Forex, stock indices, commodities, and CFDs (Contracts for Difference), through its user-friendly website at https://www.tickmill.com/. Competitive spreads, quick execution, and a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, are available to traders.

Tickmill is well-known for its commitment to openness and client-centric approach, with the goal of providing its customers with a safe and efficient trading environment. They are also known for their instructional offerings, which provide traders with useful insights and information to assist them in making sound judgments. With a global footprint and a track record of dependability

13.Swissquote

Swissquote Bank allows traders to trade Forex, CFDs, and Options on a wide range of asset classes, including currency pairs, FX Options, metals, indices, commodities, and bonds. Traders can trade on a variety of platforms, including the bank’s proprietary Advanced Trader platform as well as MetaTrader 4 and 5.

Swissquote Bank Ltd is a member of the Swiss Bankers Association and maintains a banking license issued by the Swiss Federal Financial Market Supervisory Authority (FINMA). Customer service is available in ten different languages through Live Chat, Phone, Email, and an Online Contact Form. Swiss accounts benefit from funds housed in Swiss Tier 1 bank accounts with an IBAN, allowing for easy international trade.

14.eToro

eToro, which was launched in 2006, has established itself as a major participant in the area of online brokerage services. eToro has established itself as a major platform for trading Contracts for Difference (CFDs) and pioneering the concept of Social Trading, with its headquarters in Cyprus, UK. eToro has earned a reputation for its user-friendly interface, innovative approach to investing, and dedication to regulatory compliance over the years.

One of the distinctive elements that distinguishes eToro from traditional internet brokers is its notion of Social Trading. This novel strategy connects traders with a large and diversified community of investors. Users of eToro can follow, replicate, and participate in the trading strategies of professional investors.

15.FP Markets

FP Markets is a global, online broker that was created in 2005 and is regulated by the Australian ASIC and the Cypriot CySEC. It offers Forex trading and has its headquarters in Australia. To begin trading with FP Markets, traders must make a minimum deposit of $100, and a demo account with a wide range of products and currency pairs is available.

On the renowned MT4 forex trading platform, over 100 instruments and over 60 currency pairings are available. FP Markets also provides mobile apps for Android and iOS traders. English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, and Vietnamese are all supported languages.

16.Pepperstone

We understand what it’s like to trade, Pepperstone. We’re here to provide you with everything you need to take on the global markets with confidence, with the scale of a global fintech and the agility of a start-up. Pepperstone was started in 2010 in Melbourne, Australia by a group of seasoned traders who were united in their desire to better the world of online trading.

We set out to deliver superior technology, low-cost spreads, and a genuine commitment to helping traders throughout the world master the trade after being frustrated by delayed executions, costly prices, and inadequate customer service.

17.XM 

XM.com is a well-known online brokerage and financial services provider that serves both new and seasoned traders. The platform, as of  most recent knowledge update in September 2021, offers a diverse range of trading instruments, including FX, commodities, equities, indices, and cryptocurrencies. XM.com has earned a reputation for accessibility and professionalism thanks to its user-friendly interface and comprehensive trading tools.

Traders can select from a variety of account kinds and gain access to instructional tools to help them improve their trading skills. XM.com is also noted for its dedication to regulatory compliance, as it is governed by a number of worldwide financial regulators. Please keep in mind that the specifics of their services and features may have changed after previous update, so it’s best to go to their website for the most up-to-date information.

18.EasyMarkets

For good reason, EasyMarkets is largely regarded as one of the most popular platforms for new forex traders. This brokerage firm prioritizes the security and confidence of its consumers and is regulated by both the Cyprus Securities and Exchange Commission (CSEC) and the Australian Securities and Investments Commission (ASIC).

This dual regulation ensures that EasyMarkets complies to the greatest financial integrity and transparency standards. What truly distinguishes EasyMarkets is its dedication to simplifying the difficult world of forex trading for newcomers. The platform has user-friendly features, educational resources, and a simple design, making it ideal for those who are new to forex trading.

19.Roboforex 

RoboForex began its crusade to conquer the financial market in 2009. Since the company’s inception, its product and service offerings have grown dramatically while maintaining high quality at every stage. RoboForex has been in business since 2009 and is licensed by the FSC under license number 000138/437.

RoboForex has always been focused on offering the finest trading conditions possible by utilizing innovative technology and many years of experience. RoboForex is a financial brokerage firm that offers 9 asset classes and over 12,000 trading instruments. We are quite pleased of the services we provide to our clients and partners, which are of the same quality for all, independent of experience or investment size.

20.Exness 

Exness was created in 2008 and is licensed by the Seychelles Financial Services Authority (FSA). Traders can use the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android, and iOS, as well as the Exness Web Terminal, to trade Forex and CFDs on Crypto, Metals, Energies, Stocks, and Indices.

Exness provides traders with five different trading accounts and over 105 different instruments to trade, including over 103 currency pairs. Exness offers Live Chat and Email assistance in a variety of languages, including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish.

21.Alpari 

Alpari, with its long-standing brand history, many offices, variety of account types, and diversified managed account offerings, is the ideal alternative for Forex and CFD traders wishing to utilize the power of MetaTrader platforms.

The FSC oversees Alpari. Alpari is a MetaTrader-only broker that incorporates research content from numerous third-party vendors in its Forex Analytics area. The mobile apps for MetaTrader 4 and MetaTrader 5 are available directly from the developer for Android and iOS smartphones. Customer service is provided via live chat, email, and phone.

22.Admiral Markets

Admiral Markets is an online broker that was created in 2001 and offers Forex and CFDs trading. It is globally recognized and has its headquarters in the United Kingdom. To begin, traders will require a minimum deposit of $200 and can sign up for a demo account to trade in over 148 instruments and 40 currency pairings.

Admiral Markets is licensed and regulated by the Financial Conduct Authority (FCA) of the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Estonian Financial Supervision Authority (EFSA). Admiral Markets provides both MetaTrader platforms, MT4 and MT5, as well as mobile apps for Android and iOS.

23.BDSwiss

BDSwiss is a trustworthy Forex and CFD broker, distinguished by its CySEC (Cyprus Securities and Exchange Commission) regulation. This regulatory support gives traders confidence, assuring them of a safe and secure trading environment. BDSwiss goes above and beyond to meet its clients’ different demands, providing comprehensive services such as full demo accounts.

Which allow beginner traders to practice and build their abilities risk-free. Furthermore, they offer Islamic accounts that adhere to Sharia standards, making it accessible to traders who need to follow Islamic financial guidelines. There are numerous funding options accessible, giving traders the freedom to select the approach that best meets their needs.

24.FBS 

FBS is a well-known Forex and CFD broker noted for its global reach and dedication to regulatory compliance. This brokerage firm is authorized and regulated by two recognized financial supervisory bodies: Belize’s International Financial Services Commission (IFSC) and Cyprus’s Securities and Exchange Commission (CySEC).

These regulatory authorities are well-known in the financial industry, and they ensure that FBS complies to high transparency and accountability norms. The Belize IFSC and CySEC constantly supervise FBS’s actions, protecting traders’ and investors’ interests by requiring the broker to maintain high operating standards and financial integrity.

25.FXPro 

FXPro, founded in 2006, is a well-known name in the area of online brokerage, providing traders with a wide selection of financial products. Forex, Share Dealing, Spot Indices, Futures, Spot Metals, and Spot Energies trading are among the services provided by the organization. FXPro keeps its headquarters in the United Kingdom despite its global reach, establishing itself as an international participant in the financial markets.

This brokerage firm takes its regulatory obligations seriously, since it is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license number 078/07. As a CySEC-regulated firm, FXPro offers its clients the further guarantee of membership in the Investor Compensation Fund system, which increases trust and security for its consumers.

26.AvaTrade

AvaTrade, founded in 2006, is a well-known online broker known for offering a diverse range of financial products and trading services to a global clientele. AvaTrade caters to the unique needs of both new and expert traders with a diverse portfolio that includes Forex, CFDs, Spread Betting, and Social Trading. This broker, headquartered in the British Virgin Islands, has progressively expanded its presence in worldwide financial markets and earned a good reputation for dependability and innovation.

The many licenses and oversight by important financial agencies demonstrate AvaTrade’s dedication to regulatory compliance. It is governed in a number of significant areas, including Europe, the British Virgin Islands, Australia, Japan, and South Africa. It is regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. The Australian Securities and Investments Commission (ASIC) regulates its operations in Australia, giving a solid degree of trust for traders in the Asia-Pacific region, while regulatory authorities in Japan and South Africa ensure the broker’s adherence to industry standards.

27.IG

The platform allows users to diversify their portfolios by providing access to numerous markets such as FX, equities, commodities, indices, and cryptocurrencies. The user-friendly interface of IG, as well as its rich trading tools and instructional resources, making it a fantastic resource for those attempting to master the complexity of financial markets.

Furthermore, the platform provides a variety of account types, including CFD trading and spread betting, allowing for flexibility in accommodating diverse trading techniques. With a solid reputation for dependability, security, and worldwide reach, IG has established itself as a reliable platform for traders looking to join in the world of online financial markets.

28.Plus500

Plus500 is a multinational multi-asset fintech company that operates trading platforms based on proprietary technologies. Plus500 provides a variety of trading products to customers, including Contracts for Difference (“CFDs”) and Share dealing, as well as futures trading in the United States through Plus500US. Plus500 has a premium listing on the London Stock Exchange’s Main Market (symbol: PLUS) and is a component of the FTSE 250 index.

Plus500CY Ltd provides the Plus500 trading platform. As a result, the financial instruments described or offered on this website are issued and sold by Plus500CY Ltd. Plus500CY Ltd is a Cyprus-based firm with headquarters in Limassol. The Cyprus Securities and Exchange Commission (CySEC) has authorized and regulated the company to offer Contracts For Difference (CFDs) in various underlying products under licence no. 250/14. The company is a rapidly expanding CFD supplier with a portfolio of over 2800 instruments.

29.Alpaca Trading 

The Great API trading service provides an exceptional platform for stock and ETF trading, making it accessible to both novice and expert investors. What distinguishes this service is its focus to providing free stock and ETF trading, removing many of the conventional obstacles to entrance into the world of investing.

Aside from that, the site provides an excellent set of charting tools that enable customers to make well-informed selections. With unrivaled precision, these tools enable traders to assess market patterns, watch price fluctuations, and spot prospective opportunities.

30.Tastytrade

Tastytrade is an online financial network and educational platform aimed at demystifying and simplifying the world of finance and trading for both rookie and seasoned investors. This platform, founded by Tom Sosnoff and Tony Battista, provides a variety of content, including live streaming shows, podcasts, and instructional tools, all aimed at empowering individuals to take charge of their financial futures.

Tastytrade focuses on options and futures trading, teaching viewers about trading tactics, market analysis, and risk management. Tastytrade’s approach to finance is lighthearted and approachable, making complex concepts accessible through amusing and educational material. Tastytrade provides a user-friendly platform to enhance your knowledge and become a more confident participant in the world of finance, whether you’re interested in trading, investing, or simply improving your financial literacy.

Features Best Forex Brokers In Saudi Arabia

Here are some features to look for in the best forex brokers for Saudi Arabian traders:

Regulation: Check to see if the broker is regulated by a recognized authority. Financial markets in Saudi Arabia are regulated by the Capital Market Authority (CMA). Look for brokers who have received CMA approval.

Trading Platforms: A good broker should provide a user-friendly and dependable trading platform. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are common options, but some brokers may have their own trading platforms.

Currency Pairs: Check the availability of currency pairs. The finest brokers will provide a diverse choice of major, minor, and exotic pairs to trade.

Leverage: Leverage can improve profitability while also increasing hazards. Choose a broker who provides variable leverage choices to match your risk tolerance and trading style.

Account kinds: Brokers may provide a variety of account kinds, including conventional, micro, and Islamic accounts. The availability of these account types can be critical for many traders.

Fees and Spreads: Consider trading costs such as spreads, charges, and overnight financing rates. Low spreads can save you money in the long run.

Withdrawals and deposits: A reputable broker should offer simple deposit and withdrawal options. Check if they accept the payment methods that are most convenient for you.

Conclusion Best Forex Brokers In Saudi Arabia

In Conclusion,choosing the finest forex broker in Saudi Arabia is critical for any aspiring or seasoned forex trader. The financial markets of the Kingdom have grown significantly in recent years, and as a result, various brokerage firms have established a presence in the region. When making this essential decision.

It is critical to consider a variety of aspects such as regulatory compliance, trading platforms, customer service, and, of course, the availability of Sharia-compliant Islamic accounts. Among the top forex brokers in Saudi Arabia are those with well-established reputations and a strong dedication to providing their clients with the best services possible.

It is recommended that traders undertake extensive research and carefully assess the options in order to pick the broker that best fits their unique trading tastes and objectives. Finally, the finest forex broker for a trader in Saudi Arabia should provide a secure, transparent, and user-friendly trading environment, allowing them to confidently achieve their financial goals.

FAQ Best Forex Brokers In Saudi Arabia