Best Forex Brokers In Saudi Arabia

Operating for over a decade on the global FX brokerage market, HFM is licensed and regulated in the UK by the FCA, as well as in the UAE by the DFSA. 

The accounts of clients from Saudi Arabia are managed by Hf Markets (DIFC) Limited, a subsidiary of HFM regulated by the Dubai Financial Services Authority. 

The firm offers 5 distinct account options to its clients, who can access MetaTrader 4 and MetaTrader 5 to trade over 3,138 instruments in total, including 53 currency pairs, shares, commodities, CFDs, and indices. 

Spreads at HFM usually average 1 pip on most major currency pairs, including EUR/USD, while spreads for Brent and Crude oil start from $0.04 and $0.09, respectively. 

The Zero Spread account charges no spreads, making it especially convenient for high-volume traders. 

The Micro, Premium, and Zero Spread accounts all offer swap-free Islamic account options, while the PAMM and HFCOPY accounts do not. 

HFM also offers an Arabic language option on its website, however, the customer service hotline is not available in Arabic. 

Founded in 2006, AvaTrade is a forex and CFD broker that is regulated in 9 jurisdictions around the world, holding licenses from the DFSA, FSCA and ASIC, among others. 

The subsidiary of AvaTrade regulated in the UAE is Ava Trade Middle East Ltd, which manages the accounts of traders in Saudi Arabia, United Arab Emirates, and other countries in the region. 

The firm offers MetaTrader 4 and 5 and charges no deposit and withdrawal fees. However, AvaTrade does charge an inactivity fee of $50/month after 3 months of inactivity. 

The maximum leverage offered by AvaTrade to its clients is 400:1, with a maximum leverage for EU clients of 30:1. 

There are more than 1250 assets available for trading with Avatrade, including: 

• 64 Forex pairs
• 629 shares as CFDs 
• 19 cryptocurrencies as CFDs 
• 30 indices
• 17 commodities

AvaTrade only offers one Standard retail trading account, with an Islamic account option, as well as a free demo for beginners. 

The Standard account offers a spread of 0.9 for the EUR/USD pair, with a minimum spread at AvaTrade starting at 0.3 pips. 

When it comes to commodities like oil, spreads range from 0.01 for Brent and 0.03 for Crude oil. 

It must be noted that AvaTrade offers an Arabic customer support service and the official website is also available in Arabic. 

XM is an international brokerage that operates in over 190 countries around the world, including Saudi Arabia. XM also holds a license from the DFSA in the UAE. 

XM offers three account types: Micro, Standard, and XM Ultra Low. The Ultra Low account, as well as the Micro account, offer a maximum leverage ceiling of 1000:1. 

The instruments offered to XM clients include:

• 57 currency pairs
• 100 physical shares
• 1261 share CFDs
• 31 commodity CFDs
• 14 indices
• 8 commodities

The firm offers competitive spreads on major currency pairs, with the XM Ultra Low offering the lowest possible spreads at 0.6 pips for the EUR/USD pair. 

Spreads on oil start from 0.03 for UK Brent and US Crude oil, and 0.009 for natural gas. 

The minimum deposit for all three accounts is 5 USD and traders can maintain a maximum of 200 positions. 

All XM accounts have negative balance protection and client funds are held in segregated accounts. MetaTrader 4 and MetaTrader 5 are both available for XM clients. 

For clients residing in Saudi Arabia, XM’s website, as well as its customer service, are available in Arabic. 

Pepperstone is a forex and CFDs brokerage founded in 2010 and based in Australia. The firm is licensed and regulated by the ASIC and offers its services to clients worldwide. 

Pepperstone is not regulated in Saudi Arabia, but it does hold a license from the DFSA in the UAE. 

The Pepperstone subsidiary regulated by the DFSA is Pepperstone Financial Services (DIFC) Limited, which is responsible for administering client accounts in Saudi Arabia and the UAE. 

Traders at Pepperstone have access to MetaTrader 4 and 5, as well as cTrader and can trade over 1,200 instruments, including:

• 62 currency pairs
• 1,000+ share CFDs
• 23 crypto CFDs
• 32 commodities
• 23 indices

There are two different types of accounts at Pepperstone - Razor and Standard accounts. The Razor account does not charge spreads, therefore, traders can use the account to trade major pairs, such as EUR/USD, at a 0 pip spread. Oil spreads at Pepperstone start from 0.025 for both UK Brent and US Crude oil. 

Both account types offer demo accounts for beginners, as well as swap-free Islamic accounts. 

As for the customer service offered by Pepperstone, Arabic language options, as well as an all-arabic customer support are both available at the firm. 

Founded in 2011 and headquartered in Abu Dhabi, ADSS is one of few FX brokers based in the UAE, which also offers its services to clients in Saudi Arabia.

ADSS is licensed and regulated by the Securities and Commodities Authority (SCA) of the UAE.

ADS Investment Solutions Limited is the regulated entity overseeing client accounts in Saudi Arabia, which is licensed by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, UAE. 

The firm offers access to a wide range of instruments, which include:

• 60 currency pairs
• 4 cryptocurrencies
• 9 commodities
• 27 indices

The total number of instruments is over 2,200 and traders can use MetaTrader 4 as their primary trading platform. 

Spreads on major pairs like EUR/USD start from 1.6 pips, while commodities, such as UK Brent and US Crude oil start at 0.04 per contract. 

The Elite and ELite+ account tiers have high account minimums and come with additional perks, such as a designated manager and sales trader. 

ADSS offers both its website, as well as its customer support suite in Arabic, which includes email support and hotline, while the online chat function needs improvement. 

Founded in 1977, HYCM is one of the oldest CFDs and forex brokerages in the world and is regulated by top-tier regulators, such as CySEC and the FCA. 

HYCM also holds a license from the DFSA in the UAE and operates both in Saudi Arabia and the UAE. The firm operates offices in the UAE and Kuwait. 

The entity authorized to open client accounts for traders in Saudi Arabia is HYCM Capital Markets (DIFC) Limited.

There are three types of accounts offered to HYCM clients - Fixed, Classic, and Raw. Each of the accounts have access to MetaTrader 4 and 5. 

The Raw account offers the lowest spreads, starting from 0.1 pips for the EUR/USD pair. The minimum activation amount for HYCM accounts is 50 USD. 

The total number of tradbale assets available to HYCM clients are 301, which include:

• 71 currency pairs 
• 29 cryptocurrencies 
• 28 indices 
• 20 commodities 

The Fixed account comes with fixed spreads that start from 1.5 pips, while the Classic account has variable spreads. 

Commodities spreads begin at 1.5 pips, with an additional 10 USD per round turn on Raw accounts. For energies, such as UK Brent and US Crude, spreads start from 0.04 for Crude and 0.06 for Brent. 

HYCM offers both its official website, as well as its customer support channels in Arabic.

Founded in 2000, Swissquote is a full-service commercial bank and brokerage that offers its services worldwide. Swissquote also holds a license from the DFSA - operating in the UAE, as well as in Saudi Arabia under Swissquote MEA Ltd. 

Swissquote clients have access to MetaTrader 4 and MetaTrader 5, where they can trade a total of over 400 instruments, such as:

• 130 currency pairs
• 10 commodities
• 80 shares
• 35 indices 

Swissquote offers three types of accounts to its clients - Standard, Premium, and Prime. 

Spreads on forex trades average 1.1 pips at Swissquote and there are no deposit and withdrawal fees. However, there is an inactivity fee of 10 account currency after 12 months of inactivity. Spreads on energies, such as UK Brent and US Crude start from 0.01. 

The minimum deposit requirement upheld by Swissquote is 1,000 USD, which is higher than most competing firms.