Brokers

5 Best United Arab Emirates (UAE) MetaTrader 4 (MT4) Brokers List

By Stefano Treviso , Updated on: Aug 21 2023.

Here’s our selection of the 5 Best United Arab Emirates (UAE) MetaTrader 4 (MT4) brokers for the year 2023:

The majority of the above brokers hold a financial license from ADGM (Abu Dhabi Global Market) or DFSA (Dubai Financial Services Authority). This grants United Arab Emirates  traders a great layer of protection in the event of any dispute as complaints can be dealt with locally. In the particular case of those brokers that don’t hold one, we still decided to include them due to being reputable choices amongst United Arab Emirates traders.

Each one of these brokers was analysed using our proprietary methodology.

1. Pepperstone - Best overall choice

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74-89% of retail CFD accounts lose money.

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

Pepperstone holds 7 licenses from which 4 belong to high tier financial regulators. They are one of the industry’s leaders when it comes to providing a multi-platform trading environment and RAW spreads with fast execution.

If you’re a MetaTrader 4 lover, Pepperstone has got you covered regardless of your level of experience. As a beginner you’ll be able to learn with their educational resources and if you’re a professional you’ll be able to jump right in with a RAW spreads account with low commissions.

2. AvaTrade - Best for currency options traders

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71% of retail CFD accounts lose money.

AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.

AvaTrade holds over 8 licenses from which 6 belong to high reputation financial regulators (being one of them ADGM). Their specialty was crafting a product offering based on currency options which professional traders find quite appealing.

AvaTrade's biggest selling point is providing currency options via their proprietary trading platform and also having the option to trade via MetaTrader 4.

3. XM - Best for low volume traders

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74.89% of retail CFD accounts lose money.

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

XM holds 3 licenses from which 2 belong to high tier financial regulators (being one of them ADGM). Their specialty was crafting a solid entry-level offer for beginner traders looking to trade on low volumes.

XM offers an account called “Ultra Low” where the average spread on all major currency pairs is as low as 0.6 Pips with a minimum deposit of $5. All of these offers combined with MetaTrader 4 make them a very attractive choice for beginner to intermediate traders looking for a cheap option to get started.

4. IG - Best in most assets offered

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79% of retail CFD accounts lose money.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

IG has been around since 1974 and holds 8 licenses from which 7 belong to high tier financial regulators (being one of them ADGM).

IG offers over 10,000+ financial instruments with the possibility of adding more at the customers’ request by subscribing to different data connections from several exchanges over the world. If you’re an experienced trader with a decent capital, you won’t be scared by IG’s commissions when it comes to shares trading. On the other hand, if you’re a beginner or a low volume trader, you’re likely to find a much better option for you out there.

5. City Index - Best in spread betting

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69% of retail CFD accounts lose money.

City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

City Index is part of the StoneX Group, a publicly traded company. They have been around since 1983 and hold 4 licenses from high tier financial regulators.

City Index provides over 5,000+ different instruments to trade including their spread betting options. If you’re an experienced trader looking for an interesting option when it comes to asset variety, spread betting and all via MetaTrader 4, City Index is definitely a great option to look at for you.