Best Forex Brokers in Saudi Arabia 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top Forex brokers in Saudi Arabia based on our analysis:
- 1
AvaTrade - Best Forex broker in Saudi Arabia - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 3
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 4
easyMarkets - Regulated in many jurisdictions. Unique risk management tools (dealCancellation, Freeze Rate). Access to various trading platforms. - 5
Tickmill - Low trading fees. Variety of trading platforms. Extensive library of educational materials and analytical tools. - 6
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 7
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 8
- 9
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 10
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
Our ranking is based on live testing, platform usability, trading fees, regulation and the availability of Islamic (swap-free) accounts. It will help you choose the best Forex broker that accepts Saudi clients, fits your trading style and supports safe, Sharia-conscious trading.
Comparison of the Top Forex Brokers in Saudi Arabia
| Broker | AvaTrade | XM | FP Markets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 2009 | 2005 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
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| Review | AvaTrade Review | XM Review | FP Markets Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
Best Forex Trading Platforms in Saudi Arabia 2026
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
3. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
4. easyMarkets
easyMarkets is a reliable international broker with nearly 25 years of experience, licenses from leading regulators (CySEC, ASIC, FSCA, etc.), and a focus on simplicity and trading safety. It suits beginner traders thanks to a low minimum deposit from 25 USD, fixed spreads, and a convenient proprietary platform with unique risk management tools. At the same time, the broker will also appeal to more experienced users thanks to the availability of MT4, MT5, TradingView, Islamic accounts, and VIP service. Despite a relatively average selection of CFD instruments and the absence of passive trading services, easyMarkets delivers a good combination of reliability, technology, and customer support.
Pros and Cons of easyMarkets
Pros
- Regulated in many jurisdictions.
- Unique risk management tools (dealCancellation, Freeze Rate).
- Access to various trading platforms.
- Minimum deposit from 25 USD, convenient for beginners.
- A wide range of deposit and withdrawal methods, including cryptocurrencies.
- Strong analytics (Daily Pitch, AI reviews, trading signals).
- Competent support with many contact channels.
Cons
- High swaps compared to competitors.
- No cent accounts or passive trading services (PAMM, copy trading).
- Average number of CFD instruments, behind market leaders.
5. Tickmill
Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.
The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.
Pros and Cons of Tickmill
Pros
- Low trading fees.
- Variety of trading platforms.
- Extensive library of educational materials and analytical tools.
Cons
- Not enough different types of trading accounts.
6. Roboforex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
7. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
8. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
9. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
10. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
Regulation and Legality of Forex Trading in Saudi Arabia
Saudi Arabia has a tightly regulated financial sector. Forex and CFD trading activities fall under the oversight of the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA), which license financial institutions and regularly warn the public about unlicensed forex schemes and suspicious online investment offers.
Forex trading itself is legal for Saudi residents when they trade through appropriately licensed institutions or reputable international brokers that comply with local laws and anti-money-laundering standards. Using unregulated or offshore brokers that are not authorised to deal with Saudi clients can expose traders to a high risk of fraud and lack of recourse in case of disputes.
For individual retail traders, Saudi Arabia currently does not impose personal income tax on trading profits. However, trading through a company or as part of a professional business may lead to corporate tax or Zakat obligations, especially for Saudi nationals and residents who trade via a legal entity. Always confirm your situation with a qualified local tax adviser, as rules can change.
Because many local banks and investment firms focus on stock and index trading, many Saudi traders choose international brokers regulated by top-tier authorities (such as the FCA, CySEC or ASIC) that accept clients from the Kingdom and offer swap-free accounts tailored to Islamic finance. Regardless of where the broker is based, you should always check its licence number on the regulator’s official website.
How We Compiled the List of the Best Forex Brokers in Saudi Arabia
The selection of the best forex brokers for Saudi traders is based on balanced, transparent criteria:
- Regulation and safety. We prioritise brokers regulated by respected authorities and accepting Saudi residents, with clear segregation of client funds, negative balance protection and transparent risk disclosures.
- Islamic (swap-free) accounts. For the Saudi market, we give extra weight to brokers that offer well-structured Islamic accounts without overnight interest (riba) and with clear, transparent administrative fees, if any.
- Trading costs. We compare typical spreads, commissions, swaps/administrative fees, currency conversion costs and non-trading fees (deposits, withdrawals, inactivity) to find genuinely competitive pricing.
- Platforms and tools. We test popular forex trading platforms such as MetaTrader 4/5, cTrader and proprietary web or mobile platforms, focusing on stability, execution speed, charting tools and risk-management features.
- Range of instruments. Good brokers for Saudi traders should offer major, minor and exotic Forex pairs, plus indices, commodities, metals and, where available, Sharia-conscious products.
- Localisation and support. We consider availability of Arabic language interfaces, customer support hours in Gulf time zones, and convenient funding methods (cards, local bank transfers, e-wallets).
Only brokers that pass our safety checks and offer competitive trading conditions to residents of Saudi Arabia are included in this top-10 list.
FAQ
Who is the best forex broker in Saudi Arabia?
There is no single broker that is perfect for every trader. The best forex broker in Saudi Arabia for you will depend on your strategy, preferred platform, budget and whether you need an Islamic (swap-free) account. Our list highlights brokers that combine strong regulation, competitive pricing, reliable forex trading platforms and conditions adapted for Saudi traders.
Is forex trading legal in Saudi Arabia?
Yes. Forex trading is legal in Saudi Arabia when done through properly licensed financial institutions and authorised investment firms. The Saudi Central Bank (SAMA) and the Capital Market Authority (CMA) supervise the financial sector and regularly warn the public against unlicensed forex or crypto schemes. Before opening an account, check your broker’s licence on the official regulator website and avoid offers that promise guaranteed profits.
Can Muslims trade forex?
Many Muslim traders participate in the forex market, but they do so under specific conditions to comply with Islamic finance principles. The main concerns are interest (riba), excessive uncertainty (gharar) and pure speculation. To address this, many brokers on our list offer Islamic (swap-free) accounts where overnight interest is removed and, in some cases, replaced with a fixed administrative fee. Because scholarly opinions differ, you should consult a qualified Sharia scholar if you are unsure whether a particular trading setup is halal for you.
Which forex trading platforms are best for Saudi traders?
The most popular forex trading platforms among Saudi traders are MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and user-friendly proprietary web or mobile platforms. A good platform should offer fast order execution, stable servers during volatile periods, advanced charting tools and built-in risk-management features such as stop-loss and take-profit orders. The best forex trading platforms for you will be the ones that you find intuitive, support your analysis style and are offered by a well-regulated broker.
How much money do I need to start forex trading in Saudi Arabia?
Many brokers allow you to open an account with as little as 50–100 USD (or equivalent in SAR), but that does not mean you should trade with high leverage or large position sizes. Beginners should start with a demo account, then move to a small real account only with money they can afford to lose. Focus on risk management first: risking 1–2% of your capital per trade is a common guideline among experienced traders.
Do forex traders pay tax in Saudi Arabia?
At present, Saudi Arabia does not levy personal income tax on individual forex trading profits, which is one reason the Kingdom is considered a tax-friendly jurisdiction for traders. However, if you trade through a company or as part of a business, profits may be subject to corporate tax or Zakat, and non-resident traders may face withholding tax on certain types of income. Always confirm your obligations with a professional tax adviser in Saudi Arabia.
Can I make $1000 per day from forex trading?
In theory, large and experienced traders can make $1000 or more on a good trading day, but this is not typical and involves substantial risk. Most retail traders do not achieve such results consistently, and many lose money overall. Forex trading is highly leveraged and speculative, so you should never rely on it as guaranteed income or trade money you cannot afford to lose. Focus on education, risk control and realistic expectations.
Are offshore forex brokers safe for Saudi residents?
Offshore brokers that are not licensed by well-known regulators or recognised by SAMA/CMA may offer high leverage and attractive bonuses, but they also carry a higher counterparty risk. If a dispute occurs, recovering your funds can be difficult. We recommend prioritising brokers regulated by top-tier authorities and verifying their licences before sending any money.
Do Saudi forex brokers offer Islamic (swap-free) accounts?
Yes, many brokers that accept Saudi clients offer Islamic or swap-free accounts designed for Muslim traders. These accounts remove overnight interest charges on positions. However, some brokers may introduce alternative fees, such as fixed administrative charges, so it is important to read the account conditions carefully and ensure they align with your expectations and religious views.
How do I choose between local Saudi brokers and international brokers?
Local brokers and banks usually offer strong regulatory protection and easier funding with Saudi bank accounts, but they may provide a smaller range of instruments and platforms. International brokers can offer more advanced forex trading platforms, tighter spreads and more markets, but they operate under foreign regulation. The best approach is to compare regulation, trading costs, available platforms, Islamic account conditions and support quality, then choose the option that best matches your needs and risk tolerance.
Which broker is best if I want to trade both Forex and CFDs in Saudi Arabia?
If you plan to trade both spot Forex and CFDs, focus on brokers that combine strong regulation, tight spreads, robust Forex trading platforms, and well-structured Islamic (swap-free) accounts. To compare brokers that meet these criteria, see our dedicated ranking of the best CFD trading platform for Saudi traders.
