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Best Forex Brokers in Saudi Arabia for 2026
Last updated October 9, 2026
Top forex brokers for Saudi traders with Islamic accounts and Arabic support.
How We Ranked
Rankings blend trust, pricing, and platform quality. After our two editorial picks, brokers are ordered by third-party audience activity in Saudi Arabia. Risk warning: CFDs carry high risk.
Regulated by CMA (Capital Market Authority of Saudi Arabia), SAMA (Saudi Central Bank)Local deposits: mada, STC PayAccounts in SAR (Saudi Riyal)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Saudi Arabia page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Saudi Arabia
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best overall in Saudi Arabia
MultiBank
Used in Saudi Arabia9.2
BrokerAnalysis score
Local bank, Arabic support
- Massive MENA presence
- Local bank funding, Arabic support
- High leverage and strong regulation
SCA + CIMA + ASIC
You contract with: MultiBank Group
#2 · Best alternative
HYCM
Used in Saudi Arabia8.9
BrokerAnalysis score
Local bank, established
- 40+ years history, highly trusted
- Strong Middle East footprint
- Arabic support and Islamic accounts
FCA + CySEC + CIMA
You contract with: HYCM
Why these two
Saudi traders prioritise trust, Arabic support, and strong MENA regulation. MultiBank leads on scale and leverage; HYCM offers 40+ years of history.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74–89% of retail accounts lose money. Trade only what you can afford to lose.
What are the best forex brokers in Saudi Arabia?
MultiBank ranks #1 among 20 brokers tested for Best Forex Brokers in Saudi Arabia with EUR/USD spreads from 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) and a minimum deposit of $50. All listed brokers are regulated under CMA (Capital Market Authority of Saudi Arabia), SAMA (Saudi Central Bank), accepting mada, STC Pay, Bank Transfer, Al Rajhi Bank, SNB (Saudi National Bank), Credit Card. Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
Top 10 Forex Brokers for Saudi Traders in 2026
Saudi Arabia has a growing forex trading community with strong demand for Islamic accounts. Our current ranking starts with MultiBank where it is available, followed by HYCM, EasyMarkets, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. Third-party audience data shows EasyMarkets with the strongest Saudi Arabia activity among the brokers listed here (Influence 3.94/10).
Country Offers
Browse All PromotionsAvailable offers for Saudi Arabia traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
IC Markets
ASIC (Australia)Up to $2.50/Lot Rebate + 21% Comm Off
Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.
Verified Oct 8, 2026
FXTM
FCA (UK)$500 Welcome Bonus Reward Points
Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.
Verified Oct 8, 2026
Saudi Arabia Trading Guide
Regulated by
CMA (Capital Market Authority of Saudi Arabia), SAMA (Saudi Central Bank)
Legal status
Regulated - CMA-licensed brokers required for domestic activity
Accounts in
SAR (Saudi Riyal)
Available in your market
madaSTC Pay
Bank TransferAl Rajhi BankSNB (Saudi National Bank)Credit Card
Bank TransferAl Rajhi BankSNB (Saudi National Bank)Credit CardQuick Rankings
Get your personalized toplist:
FIND MY BROKER| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | $3/lot (ECN) | — | — | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
| 0.2 pips (Raw) | $100 | 1-2 business days | $4/lot (Raw) | — | — | FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands) | |
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.8 | $10 | Instant | None | Same day | 0.9 | No tier-1 licence listed | ||
| 0.0 | $200 | 24-48 hours | $3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 1.6 | $5 | 24 hours | None | Same day | 1.4 | No tier-1 licence listed | ||
| 1.3 | $10 | 24 hours | None | Same day | 1.2 | No tier-1 licence listed | ||
| 1.2 | $5 | — | None | Same day | 1.0 | No tier-1 licence listed | ||
| 0.6 | $2000 | 1-2 business days | None | 1-3 days | 0.6 | No tier-1 licence listed | ||
| 0.6 | $250 | 2-5 business days | None | 1-2 days | 0.7 | No tier-1 licence listed | ||
| 0.1 | $0 | 1-2 business days | $3.50/lot | Same day | 0.1 | No tier-1 licence listed | ||
| 0.6 | $100 | 1-2 business days | None | Same day | 0.8 | No tier-1 licence listed | ||
| 1.2 | $100 | 1 business day | None | Same day | 1.1 | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
| 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) | $20 | 1-3 business days | $3.50/side (Prime) | $1/side (ECN) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Raw) | $100 | Same day to 1 business day | $3/lot (Raw) | — | — | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) |
Rank 01 · best overall
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Commission
$3/lot (ECN)
Open time
—
USDJPY
—
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 02
Spread
0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Commission
$4/lot (Raw)
Open time
—
USDJPY
—
FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands)
Visit HYCM Read reviewRank 03
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
Commission
$0
Open time
—
USDJPY
—
Rank 04
Spread
0.8
Min dep.
$10
Withdrawal
Instant
Commission
None
Open time
Same day
USDJPY
0.9
Rank 05
Spread
0.0
Min dep.
$200
Withdrawal
24-48 hours
Commission
$3.50/lot
Open time
1 day
USDJPY
0.0
Rank 06
Rank 07
Spread
1.3
Min dep.
$10
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
1.2
Rank 08
Spread
1.2
Min dep.
$5
Withdrawal
—
Commission
None
Open time
Same day
USDJPY
1.0
Rank 09
Spread
0.6
Min dep.
$2000
Withdrawal
1-2 business days
Commission
None
Open time
1-3 days
USDJPY
0.6
Rank 10
Spread
0.6
Min dep.
$250
Withdrawal
2-5 business days
Commission
None
Open time
1-2 days
USDJPY
0.7
Rank 11
Spread
0.1
Min dep.
$0
Withdrawal
1-2 business days
Commission
$3.50/lot
Open time
Same day
USDJPY
0.1
74-89% of retail investor accounts lose money when trading CFDs
Rank 12
Spread
0.6
Min dep.
$100
Withdrawal
1-2 business days
Commission
None
Open time
Same day
USDJPY
0.8
Rank 13
Spread
1.2
Min dep.
$100
Withdrawal
1 business day
Commission
None
Open time
Same day
USDJPY
1.1
Rank 14
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Commission
$0 (Spread only on most products)
Open time
—
USDJPY
—
Rank 15
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
Commission
From 0.003% per trade
Open time
—
USDJPY
—
Rank 16
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Commission
Confirm current terms directly
Open time
—
USDJPY
—
Rank 17
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Commission
From ~$5/lot (ECN)
Open time
—
USDJPY
—
Rank 18
Spread
1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN)
Min dep.
$20
Withdrawal
1-3 business days
Commission
$3.50/side (Prime) | $1/side (ECN)
Open time
—
USDJPY
—
Rank 19
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Commission
$3/lot (Raw)
Open time
—
USDJPY
—
Rank 20
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Commission
—
Open time
—
USDJPY
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology.Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Audience activity in Saudi Arabia (Influence score, 0–10): EasyMarkets 3.94. A score reflects audience activity, not a recommendation. Source: WikiFX, October 2026.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.6/5.0
Best ForHigh-volume traders who confirm which specific MultiBank entity and licence covers their country
Min Deposit$50
MultiBank Review Summary
MultiBank is an ECN broker regulated by SCA (UAE) 20200000031, VARA (UAE) VL/24/06/001, ASIC (Australia), BaFin (Germany), FMA (Austria). Best suited to High-volume traders who confirm which specific MultiBank entity and licence covers their country. EUR/USD from 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN), minimum deposit $50.
Pros
- Real UAE SCA and VARA licences plus additional entity-specific regulators
- Large claimed paid-up capital ($322M+)
- Tight ECN commission ($3/lot)
- Broad stock CFD selection (15,000+)
Cons
- Marketing claims of '18+ regulators' are inflated — some versions of that count include non-trading registries
- $60/month inactivity fee is aggressive
- Website/account structure can be cluttered across its many entities
Our Rating
4.1/5.0
Best ForExperienced traders seeking long-established regulated broker
Min Deposit$100
HYCM Review Summary
HYCM is an STP broker regulated by FCA (UK), CySEC (Cyprus), CIMA (Cayman Islands), DFSA (Dubai). Best suited to Experienced traders seeking long-established regulated broker. EUR/USD from 0.2 pips (Raw), minimum deposit $100.
Pros
- Over 45 years operating history
- FCA and CySEC regulated
- Tight raw spreads from 0.2 pips
- Fixed spread accounts available
Cons
- $100 minimum deposit
- Limited research tools
- Smaller product range
Our Rating
4.5/5.0
Best ForBest for risk-averse traders & beginners who value fixed spreads + dealcancellation.
Min Deposit$25
easyMarkets Review Summary
easyMarkets is a multi-regulated broker with Proprietary, MT4, MT5, TradingView access, 0.7 pips (Fixed, VIP) | 1.5-1.8 pips (Standard) on EUR/USD, and $25 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $25
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Exness Review Summary
Exness offers instant withdrawals, Islamic accounts, and Arabic 24/7 support. Popular among Saudi traders for its low spreads and local payment options.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForUltra-low spreads for scalpers
Min Deposit$200
IC Markets Review Summary
IC Markets provides institutional-grade liquidity with spreads from 0.0 pips. Popular among Saudi scalpers and algorithmic traders.
Pros
- Regulation varies by entity
- Minimum deposit: $200
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Very Low — compare account types before opening
XM Review Summary
XM offers comprehensive Arabic education and swap-free Islamic accounts. Their low minimum deposit makes them accessible to new traders.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
FXTM Review Summary
FXTM has strong Arabic support and educational content. Their Islamic accounts and local deposit options make them popular in Saudi Arabia.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
HotForex Review Summary
HotForex offers multiple account types for different trading styles. Copy trading and PAMM accounts available for Saudi investors.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Saxo Bank Review Summary
Saxo Bank is CMA-licensed in Saudi Arabia with premium multi-asset trading. Their SaxoTraderGO platform offers professional-grade tools.
Pros
- Regulation varies by entity
- Minimum deposit: $2000
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
IG Review Summary
IG is CMA and DFSA regulated, offering comprehensive market access. Their educational resources and ProRealTime charting are industry-leading.
Pros
- Regulation varies by entity
- Minimum deposit: $250
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Free community platform
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- 1,513
- Signals tracked
- 78%
- Hit take-profit
- +86,455
- Pips, net
- 5.28
- Profit factor
Six signal rooms5-day free trial
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Ask for a market read on any timeframe. Informational — never a trade call.
Gamified Academy
50 video lessons and 14 written courses, stage by stage from zero.
Scalper Pro indicator
A chart indicator that marks levels, entry and stops right on the price.
July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the channel for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Frequently Asked Questions About Forex Brokers in Saudi Arabia for
Frequently Asked Questions
Yes, forex trading is legal in Saudi Arabia. The Capital Market Authority (CMA) regulates some brokers locally, while many Saudi traders use internationally regulated brokers with FCA, CySEC, or ASIC licenses.
Yes, most reputable brokers offer swap-free Islamic accounts compliant with Sharia law. These accounts don't charge or receive interest on overnight positions, making them suitable for Muslim traders.
Saudi Arabia does not impose personal income tax, making it attractive for forex traders. However, corporate entities may have different obligations. Consult a local tax advisor for specific guidance.
Mada is Saudi Arabia's national payment network connecting local bank cards. Brokers like Exness and XM accept Mada for instant deposits, making funding convenient for Saudi traders.
International brokers offer flexible leverage options for Saudi traders, though responsible risk management suggests using lower leverage. CMA-regulated brokers may have different leverage limits.
Top Searched Questions
How do I choose a reliable forex broker in 2026?
Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.
What makes a forex broker the 'best' overall?
The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.
Which forex brokers are consistently top-rated?
Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.
What is forex trading and how does it work?
Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.
What is the best forex trading platform to use?
MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.
How do forex trading platforms differ from each other?
MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.
What features should a trading platform have?
A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.
How does the forex market work?
The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.
Sources & References
- Exness Accounts— Exness
- IC Markets Trading Accounts— IC Markets
- XM Account Types— XM
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
Built from live category and sibling-page coverageBrowse Broker Features for Saudi Arabia
Specialised broker guides relevant to Saudi Arabia traders.
Browse all 75 pages
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
How we measured this — forex brokers for Saudi Arabia traders
Across the 18 Forex brokers available to Saudi Arabia traders on this page, the median researched EUR/USD spread is 0.35 pips, ranging from 0.0 to 1.3 pips, with 14 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.35 pips
- Brokers measured
- 18
- Linked to broker spec
- 14 of 18
- Data as of
- 2026-11-12
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: get.exness.help · pepperstone.com · xm.com · ig.com · icmarkets.com · fpmarkets.com · fxtm.com · admiralmarkets.com · tmgm.com · easy-markets.com and 4 more published specifications
What changes locally
- Oversight relevant to traders in Saudi Arabia sits with CMA.