Best Crypto Brokers in Dubai

Dubai is considered a hub for both finance and innovation. Its forward-thinking regulatory environment and vibrant trading culture attract numerous investors to the city. Understandably, Dubai is now a hotspot for cryptocurrency trading with many investors moving to the city to focus on trading. Many traditional forex brokers have recognised this trend and have integrated cryptocurrency trading into their offerings for Dubai-based traders. In this article, we will look at some of the best crypto brokers in Dubai. To make our selections, we will follow the criteria detailed below.

Our Criteria For Selecting The Best Crypto Brokers in Dubai

There is currently a sea of brokers that offer cryptocurrency trading to traders in Dubai. To highlight some of the best among the rest, we will look at the following key features:

• Regulatory Compliance - Above everything, we will consider the regulation of the brokers that we put on this list. We will primarily prioritise DFSA-regulated brokers. If not, we will ensure the broker is licensed and regulated by a reputable authority.
• Asset Selection - We will consider the collection of cryptocurrencies offered by the broker. A wider range of assets provides more investment opportunities.
• Fees and Costs - We will consider the trading fees and other costs involved when trading cryptocurrencies on a broker. The lower the fees, the better the broker. 
• Trading Platform Available - The platform offered by a broker should be intuitive and easy to navigate. A user-friendly interface is crucial for both beginners and experienced traders.

Now that you understand what we will be looking out for, here are some of the best crypto brokers in Dubai based on our criteria.

Pepperstone

Pepperstone is one of the top crypto brokers in Dubai today. For starters, it is regulated by the DFSA which is charged with regulating financial markets in the DIFC. On top of that, it is also regulated by other authorities including the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, and the CMA in Kenya, among others. 

Its selection of cryptocurrency assets traders can invest in is notable. Pepperstone allows its traders to access 21 different cryptocurrency assets for trading. These include CFDs on 17 different cryptocurrencies and four crypto indices. These assets are available to trade with some of the lowest spreads in the market. As an example, the minimum spread on the BTCUSD pair sits at $17.0. The average spread is not much higher sitting at $25.0. The broker does not have a minimum deposit requirement to open an account.

Positively, this broker offers many other assets for traders to diversify their investments. In total, there are over 1,200 different CFDs on forex, indices, ETFs, currency indices, shares, and commodities alongside crypto CFDs. The trading platforms available to use include MT4, MT5, cTrader, TradingView, and Pepperstone Trading Platform. These are advanced trading platforms with easy-to-use interfaces. They give this broker some of the fastest order execution times in the market.

75.8% of retail CFD accounts lose money

XM

XM is yet another DFSA-regulated broker that offers crypto trading to people in Dubai. Alongside the DFSA in the DIFC, this broker is also regulated by the ASIC in Australia, the CySEC in Cyprus, and the FSC in Belize. Such regulatory oversight is one of the reasons why XM is one of the best crypto brokers in Dubai.

Moreover, this broker offers a good variety of crypto assets to trade. On this broker site, traders have access to 31 different CFD crypto pairs to trade. The spreads for trading these assets are competitively low on XM. For instance, the minimum spread for the BTCUSD pair is only $30.55, significantly lower than many other brokers. The ADAUSD pair has an even narrower minimum spread of just $0.00385 on this platform.

XM.com offers Islamic accounts (also known as swap-free accounts) to clients following the Muslim faith. unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, XM imposes no additional charges making this company a very attractive option for Muslim investors.

Traders can utilise industry-standard platforms like MetaTrader 4, MetaTrader 5, and the XM Trading Point App to place orders. These platforms not only facilitate cryptocurrency trading but also provide access to a vast array of global markets. These include CFDs on forex, stocks, indices, shares, energies, and precious metals. Overall, traders have access to more than 1,000 different trading instruments.

73.91% of retail investor accounts lose money when trading CFDs with this provider.

Exness

Exness is another great option for crypto traders in Dubai. While not regulated by the DFSA, this broker accepts traders from Dubai and offers them a variety of cryptocurrencies to trade. In total, it supplies traders with 9 different CFD crypto pairs to trade. The spreads on this broker site are within market standards on all its accounts. Let’s take the BTCUSD pair as an example to illustrate the spreads across different accounts.

The standard account offers an average spread as low as $39.99, while the pro account provides a tighter spread of $24.98. Importantly, neither account requires any commission. Additionally, the zero account provides an average spread of 0.0 for the BTCUSD pair, along with a commission of $8 per side per lot. Lastly, the raw spread account features an average spread of $18.97, with a commission of $2 per side per lot. Interestingly, Exness does not impose swap fees on crypto assets, allowing traders to hold positions overnight without concern. This is particularly beneficial for long-term traders who keep their positions open for days or even months before closing them.

On the bright side, Exness provides investors with access to a wide range of assets beyond just cryptocurrencies. Clients can trade over 250 different market instruments, including CFDs on forex, indices, commodities, and stocks. Available trading platforms include MetaTrader 4, MetaTrader 5, and the Exness Terminal.

As we mentioned, Exness is not regulated by the DFSA but has regulations elsewhere. This broker operates under the supervision of the FCA in the UK, the CySEC in Cyprus, the CMA in Kenya, and the FSCA in South Africa, among others.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

HFM

Next up is HFM, another crypto broker regulated by the DFSA in Dubai. This broker provides a range of popular cryptocurrencies for trading, such as Bitcoin, Ethereum, Litecoin, and Dashcoin. These digital assets can be paired with the US dollar, the Euro, the Australian Dollar, and the Japanese Yen. On the plus side, trading CFD on cryptocurrencies on the HFM broker platform comes with comparatively low spreads. For instance, the BTUSD pair has a minimum spread of $36.0 across all accounts with no commission fees. 

Additionally, the broker provides access to a wide range of other market assets, enabling traders to diversify their portfolios as desired. In addition to cryptocurrencies, traders can invest in CFDs on forex, commodities, bonds, stocks, shares, metals, indices, and ETFs. The available trading platforms include MetaTrader 4, MetaTrader 5, and the HFM Platform.

On top of the DFSA’s regulation, the broker operates under the supervision of several other reputable authorities. These include the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, and the CMA in Kenya. 

Amana App

Amana App is another broker that offers a robust platform for trading various cryptocurrencies. This broker offers traders in Dubai a deep collection of over 100 different CFDs on cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of different market opportunities. Amana App features fairly high floating spreads for trading cryptocurrencies. As an example, the BTCUSD pair has a spread of $120.1 at the time of writing this.

Besides cryptocurrencies, Amana App offers its traders opportunities to invest in other global market products. These include stocks and ETFs alongside CFDs on forex, gold, oil, and other markets. The trading platform available to trade these various markets is the Amana App.

On another note, Amana App has regulatory licenses from the DFSA in the DIFC alongside the CySEC, the FCA, and the CMA.

IG

IG offers an extensive selection of trading instruments for clients to invest in. These include global markets such as forex, shares, commodities, cryptocurrencies, and more. Cryptocurrency trading on the IG platform comes with relatively low spreads, which vary depending on the specific asset being traded. For instance, the spread for trading CFD on BTCUSD starts at just $36, while other assets, such as Dogecoin, can have even lower spreads, starting at $0.1.

IG offers clients access to some of the top trading platforms globally, including one of the leading mobile trading apps. The broker provides various platforms such as MetaTrader 4, the IG online trading platform, ProRealTime, and L2 Dealer.

As we always prioritize regulated brokers, it's important to note that IG has regulations from several institutions. These include the DFSA in Dubai, the FCA in the UK, ASIC in Australia, BaFin in Germany, and the NFA in the USA.

Closing Remarks

Dubai's reputation as a hub for finance and innovation makes it an attractive destination for cryptocurrency traders. Its forward-thinking regulatory environment and vibrant trading culture attract numerous investors seeking opportunities in the crypto space. Recognizing this trend, many traditional forex brokers have expanded their offerings to include cryptocurrency trading. 

This article has highlighted some of the best crypto brokers operating in Dubai. We majorly focused on factors such as regulatory compliance, asset selection, fees, and trading platforms. Each broker highlighted here stands out for its unique offerings and commitment to regulations. When choosing a crypto broker in Dubai, it's essential to consider your individual trading needs, risk tolerance, and investment goals. By carefully evaluating the options available, you can find a suitable broker that aligns with your preferences.