Dubai investors have turned to Forex following the downturn of the real estate market in Dubai and around the world. The number of Dubai forex brokers has increased as more and more investors seek profit trading currency. FXST has helped traders in Dubai and those around the world seeking to trade in an offshore country to trade on the forex markets.
The benefits of trading forex in a tax free country are amazing however many still remain sceptical due to the Forex markets reputation as a risky endeavour. The truth however is that the major currency pairs haven’t changed more than 30% in the last 10 years and it is only the high leverage trading behavior of the investors themselves that lead to their losses. In fact since each forex trade is a double sided trade, it is possible to make profits no matter which way the market is moving. Scroll down to open a demo account and start trading with FXST.
Choice of Dubai or Switzerland or Australia
FXST offers clients the facilities to trade with one of our channel partners in Dubai, Switzerland or Australia. Since Forex trading is done over the internet the location of the brokerage you choose has become largely irrelevant. As a result we recommend choosing a broker that will provide lowest costs for your trades.
Those that prefer to use Dubai as a trading base can benefit from fixed spreads, no matter how volatile the market, as well as Dubai based banking facilities regulated by the Central bank of the UAE to conduct forex brokerage. Fees of $30 per trade apply when trading from Dubai, however this is offset by the fixed spreads offered which during volatile times can amount to many times this amount. Due to the trading conditions offered the Dubai trading base is recommend only for clients who will trade in excess of $1m per trade
While many new traders look within Dubai for the tax benefits, the benefits they seek are available and much more established in Switzerland. With our banking facilities and forex brokerage based in Switzerland, all traders, including those in Dubai, enjoy the privacy and security that come with Swiss banking. As well as this, those clients that choose Switzerland as their trading base, pay no fees or commissions
However, while many UAE citizens enjoy trading with a Dubai based forex broker, the limited competition means that clients do not receive the competitive trading conditions provided elsewhere. The single most important factor when choosing a broker is the spreads offered. The Australia based forex services we provide is our most recommended offering due to the exceptionally tight spreads, highly liquid market conditions and ECN STP execution. This option can save clients $30-40 per lot (100k) traded. As a result we recommend this option for traders of all volumes.
Dubai investors have turned to Forex following the downturn of the real estate market in Dubai and around the world. The number of Dubai forex brokers has increased, however since the forex market is international, traders are not limited to brokers in the UAE. In fact, since trading takes place online via an forex ECN via MT4 software traders have the choice to trade with any broker around the world and thus find the best trading conditions not available in Dubai. FXST has helped traders in Dubai and those around the world seeking to trade on the forex markets.
"Dubai based traders benefit greatly by using an overseas broker"
The option of choosing a broker from anywhere in the world provides amazing benefits. For example most Dubai based brokers charge a fee around 30USD per round turn trade on top of a fairly wide 2 pip spread, whereas by spreads of 0.1 pips are available with only a 7USD charge through FXST by trading from an overseas ECN broker.
"Profit in good times or bad"
Many still remain sceptical due to the Forex markets reputation as a risky endeavour. The truth however is that the major currency pairs haven’t changed more than 30% in the last 10 years and it is only the high leverage trading behavior of the investors themselves that lead to their losses. In fact since each forex trade is a double sided trade, it is possible to make profits no matter which way the market is moving. Scroll down to open a demo account and start trading with FXST
Choice of Dubai or Switzerland or Australia
FXST offers clients the facilities to trade with one of our channel partners in Dubai, Switzerland or Australia. Since Forex trading is done over the internet the location of the brokerage you choose has become largely irrelevant. As a result we recommend choosing a broker that will provide lowest costs for your trades.
Those that prefer to use Dubai as a trading base can benefit from fixed spreads, no matter how volatile the market, as well as Dubai based banking facilities regulated by the Central bank of the UAE to conduct forex brokerage. Fees of $30 per trade apply when trading from Dubai, however this is offset by the fixed spreads offered which during volatile times can amount to many times this amount. Due to the trading conditions offered the Dubai trading base is recommend only for very few specific clients.
While many new traders look within Dubai for the tax benefits, the benefits they seek are available and much more established in Switzerland. With our banking facilities and forex brokerage based in Switzerland, all traders, including those in Dubai, enjoy the privacy and security that come with Swiss banking. As well as this, those clients that choose Switzerland as their trading base, pay no fees or commissions
However, while many UAE citizens enjoy trading with a Dubai based forex broker, the limited competition means that clients do not receive the competitive trading conditions provided elsewhere. In addition, most brokers are retail brokers meaning they run their own book and thus have a conflict of interest with the traders that use their service. An ECN broker simply passes the the traders order to the network and has no conflict of interest as well as lower spreads.The single most important factor when choosing a broker is the spreads offered. The Australia based forex services we provide is our most recommended offering due to the exceptionally tight spreads, highly liquid market conditions and ECN execution. This option can save clients $30-40 per lot (100k) traded. As a result we recommend this option for traders of all volumes.
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Dubai based forex services
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Switzerland based forex services
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Australia based forex services (Recommended)
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2 pip Fixed spreads regardless of market conditions
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Spread varies depending on conditions
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Tightest spreads anywhere from 0.1 pips
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$30 per round turn ($15 on open, $15 on close)
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No fees on trades
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Standard accounts charge no commissions
Razor accounts 7aud per round turn
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Regulated by Central bank of UAE
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Regulated by Swiss Financial Market Supervisor Authority (FINMA)
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Regulated by Australian Securities and Investments Commission (ASIC)
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Dubai based offices
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Offices in Switzerland and Dubai
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Offices in Melbourne, Australia
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Arabic speaking advisers available
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Arabic speaking advisers available
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Trade CFDs and other commodities
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Swiss Banking services available
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Tightest spreads available
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Choice of MT4 or proprietary trading platform
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Choice of MT4 or proprietary trading platform
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MT4, MT5 plus mobile trading platforms
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14 day propriety demo platform only
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30 day MT4 or proprietary platform demo available
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30 day MT4 demos available
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Anyone depositing 50,000 USD or more should contact FXST directly to find a broker providing a suitable institutional level account with additional benefits.
Custom accounts are available for deposits of 1m USD or more.
Metatrader MT4 Platform
With the availability of internet communication, access to ECN forex networks along with software and daily analysis available from partners such as FXST, Dubai Forex investors trade from home on their laptops and smartphones. The advanced MT4 metatrader platform is trusted by traders around the world. With EAs, scripts,strategy testers and over 40 technical indicators, it is the most popular Forex trading software platform for a reason.
Middle east forex trading Expo
The Middle east forex trading expo and conference is now in its 10th year and attendance has consistently grown each year which is a testament to the ability of the forex market to generate profits for its investors no matter the economic situation.
Managed accounts available
We can now offer managed accounts for accounts larger than 10,000 USD. Clients deposit funds in their own own accounts opened in their own name. These accounts are then managed by an automated forex robot. Contact us directly for further details.
Dubai Forex