Contents:
Swissquote Bank offers traders four different trading accounts to choose from including Standard, Premium, Prime and Professional , as well as access to a free demo trading account. Traders can also submit a request for a Swap-Free Account. Users can deposit funds via bank wire transfer or via Visa or Mastercard. XTB is a European broker which was founded in , and has offices in 13 countries across the globe.
XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:. Traders can choose from 25 crypto CFDs 9 individual coins or 16 crypto pairs which are available 7 days a week from 3am Saturday to 9pm Friday. Traders can buy or sell digital coins with leverage and day expiry.
Islamic swap-free accounts and the use of a free demo trading account is also on offer. Islamic accounts in accordance with Sharia law is also made available. The minimum deposit for said account differs by country. Over instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform. Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free , and —. All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days.
HQ: Cyprus , Australia, Belize. XM operates with clients from over countries and offers support in 30 languages. Traders can select the base currency of their preference from a large selection on offer. EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:. Demo and Islamic accounts are also on offer. The available trading platforms offered are MT4 and the EasyMarkets web platform.
With hundreds of Globally Regulated Forex Brokers to choose from, selecting the right one which specifically accepts Saudi Traders , can be both challenging and time consuming.
Roboforex are an online, global broker which was founded in and offers traders Forex and CFDs trading. Excellent customer service is quick in response and knowledgeable in the brokerage matters. Typically, technical support in the trading brokers operates five days weekly and 24 hours daily.
Further, customer service should be reachable throughout the chat, phone and emails. Some FOREX brokers offer call-back service where you only need to fill in your phone and they will call you soon after. The Deposit and Withdrawal Methods.
Most of the brokers offer withdrawal and deposit using bank transfers and bank cards. Other brokers offer Neteller and Skrill for deposits and withdrawals. Brokers with more withdrawal and deposits methods are ranked higher. The Learning Resources and the Analytics. Additional Features. Scalping, for instance, is helpful for day traders who have limited time to trade throughout the day. Hedging is a useful strategy to protect the equity if you opened a position in the wrong direction.
Algorithmic or robotic trading can be useful sometimes to generate a passive income from trading. ADSS Review. Trading Instruments. Trading Platforms.
Tehncial Support. Dukascopy Bank SA Review.
Open Real Account at Dukascopy Bank. Open Demo Account at Dukascopy Bank. Frequently asked questions. What is the spread? What is hedgin?
What is scalping? What is automatic trading?
Stay Turned On. Check our Latest News from Our Blog. Check Our Blog. Never miss an article Subscribe Now. Best forex brokers in Saudi Arabia. Our Recommended Forex Broker Open Demo Account! You should consider whether you can afford to take the high risk of losing your money. On the downside, it does not include the MetaTrader platform. Social trading platform Best mobile trading site PayPal accepted. Visit eToro.
These principles do not conform to western banking and traditional trading principles. Skip to content This is the comparison table with the best forex brokers offering services to Saudi Arabian traders. Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. Yes, send me the latest bonuses and offers weekly. Also known as a swap-free account, it differs from regular trading platforms in many ways.
AFSL High risk to capital. Has no fixed spreads. Visit Instaforex. Only 56 forex pairs supported No research features.
Visit Avatrade. Some accounts offer commission-free trading Large selection of trading accounts Allows copy trading. Limited educational resources No fixed spreads. Visit Alpari. Our Rating. Has no bonus programs Lacks educational resources. Visit FxPro. Below are the factors that you need to consider when choosing a forex broker in Saudi Arabia. Islamic Account Options or Islamic Swap-Free Accounts Although forex trading is often considered to be haram, it is possible to use an Islamic forex account. Below are the four Islamic finance basic principles.
Prohibition of paying and receiving an interest rate Immediate exchange according to the trading operations Gambling should be banned Distribution of risks and benefits These principles do not conform to western banking and traditional trading principles. Security The most important feature that you should look for in a brokerage firm is security. Credibility Check if the Saudi Arabian forex broker is regulated by a reputable global agency.
If your chosen forex broker is regulated by one of them, then your money is in good hands. Transaction costs Many forex brokers will claim that they do not charge deposit, withdrawal and account fees. Always look for a company with low transaction costs and a transparent fee structure. Withdrawal process A good forex broker in Saudi Arabia should be able to provide you with a fast withdrawal process.
Trading platform Another important issue to consider is the trading platform. Overall brokerage package Lastly, look at all the available options that the forex brokerage firm is offering you. Are Saudi Arabian forex brokers safe? What leverage limits do Saudi Arabian forex brokers offer? Saudi Arabian traders can apply a leverage up to Should I join a commission-free Saudi Arabian forex broker?