Best Forex Traders UAE – Wave Trendz
Forex Fund Management UAE
List with the best brokers for forex trading in Dubai, sorted by user ratings. Find out how other traders rate each broker on the users ratings column. Compare the minimum account deposit and the maximum account leverage for each broker.
Discover the available trading platforms which broker offers Negative Balance Protection (so losses can be higher than the account balance) and which broker has the availability of Islamic (swap-free) accounts. Confirm which brokers allow for scalping, the available account currencies and each broker's execution model (ECN, STP, MM).. Read More
Forex Portfolio Management UAE
The foreign exchange market is the largest and the most actively traded financial market on the globe. Although a complicated endeavour, the very first thing a trader should always do when starting to trade FX, is choose a trustworthy forex broker. Looking for the best forex broker includes several key characteristics that every investor should know in order to generate substantial benefits in the future.
Among them are commission fees, trading platforms (including software, web-based, mobile, charting, and third-party platforms), customer support, trading education as well as currency research, and reputation… Read More
Forex Signals UAE
If you are a UAE citizen, there are several trading platforms that might be the best for you in order to start Forex trading in UAE. It is important to know that the Forex brokers are not required to get the license from the financial regulatory institution Securities and Commodities Authority (SCA) in order to accept the traders of the United Arab Emirates. So the “research” part of brokers gets a bit tricky.
This guide is dedicated to navigating your way through UAE brokers, learning about the regulation that the country has, and what protects you from potential harm… Read More
UAE Forex Trading Regulations of Forex Signals Subscriptions UAE
Although the UAE regulated the FX trading industry similar to every other country, there are some minor details sprinkled in due to the country being predominantly people. For those who don’t know, speculation is more or less frowned upon in the Quran, which is why Trading companies in UAE have to adjust in a very specific way.
UAE forex brokers But before we get to those specifics, let’s learn about the agencies and organizations responsible for regulating this sector in the country. The main regulatory body is UAE’s central bank. On top of that, there are institutions like the SCA (Security and Commodities Authority). So if the Forex brokers want to be regulated in the UAE they are required to follow the rules of the mentioned regulatory bodies.
Now let’s talk about some of the specifics that UAE-regulated Forex brokers need to follow without question. The brokerage company must be owned by a local citizen in order to be able to be regulated by the central bank. All documents must be written in the local language before submitting them for review to the local governing agencies.
Other than that, firms must have at least $8 million in capital as well as a deposit of around $6 million. The required deposit needs to be in a UAE bank, while the capital can be dispersed… Read More
Forex Trading Trainers UAE
All brokers in the country must have an Account if they want to offer services to the locals. As already mentioned, this is done due to the local religion. According to the Quran, Muslims cannot borrow or lend money expecting interest on it. And due to how leverage works in forex, regular accounts tend to pay interest to the brokers for “lending” out the funds to trade with.
With Islamic accounts, the “interest” part of the account is simply not there, therefore making it halal. So while trading Forex UAE you should know that in most cases you will come across swap-free accounts, which means that there are no interest rates so no profit can be made with the swaps… Read More
However, there is a website special trading zone called the DIFC where such laws don’t apply.
Brokers in this trading zone are usually authorized by foreign financial institutions such as the UK, India, Oman, Qatar, and others. This is the main reason why Forex trading in Dubai is completely different from FX trading in the UAE. The laws are simply too different as well as the target market and scale of the companies.
For more details visit our website: Best Forex Traders UAE
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