Best Forex Brokers in Saudi Arabia
Introduction
Forex trading has become increasingly popular in Saudi Arabia, with thousands of investors entering the global currency market every year. However, success in Forex begins with choosing a regulated and reliable broker. Since the Saudi Arabian Monetary Authority (SAMA) does not regulate international brokers directly, most Saudi traders use globally regulated brokers that accept clients from the Kingdom.
In this guide, we’ll highlight the best Forex brokers in Saudi Arabia, their features, and why they stand out in 2025.
What to Look for in a Forex Broker in Saudi Arabia
When choosing a broker, Saudi traders should prioritize:
- Regulation: Ensure the broker is licensed by FCA (UK), CySEC (Cyprus), ASIC (Australia), or DFSA (Dubai).
- Islamic Accounts: Many Saudi traders prefer swap-free (interest-free) accounts.
- Low Spreads & Commissions: Reduces trading costs.
- Platforms: Support for MetaTrader 4/5 and mobile trading apps.
- Fast Deposits & Withdrawals: Supports local payment methods where possible.
Best Forex Brokers in Saudi Arabia (2025)
1. Exness
- Why it’s popular in KSA: Fast withdrawals, low spreads, and Islamic accounts.
- Regulation: FCA, CySEC.
- Best For: Both beginners and professionals.
- Visit Exness
Alt text for image: Exness trading platform popular among Forex traders in Saudi Arabia.
2. IC Markets
- Why it’s popular in KSA: Excellent execution speed, low commissions, and advanced tools.
- Regulation: ASIC, CySEC.
- Best For: Professional and algorithmic traders.
- Visit IC Markets
Alt text for image: IC Markets Forex broker dashboard with trading charts.
3. XM Broker
- Why it’s popular in KSA: Offers free webinars, swap-free Islamic accounts, and low minimum deposit.
- Regulation: ASIC, CySEC.
- Best For: Beginners who want education + trading.
- Visit XM
Alt text for image: XM Broker website offering Forex trading education and accounts in Saudi Arabia.
4. Pepperstone
- Why it’s popular in KSA: Transparent pricing, top-tier regulation, and excellent support.
- Regulation: FCA, ASIC.
- Best For: Traders who value trust and customer service.
- Visit Pepperstone
Alt text for image: Pepperstone Forex broker trading platform with advanced tools.
5. AvaTrade
- Why it’s popular in KSA: Wide range of trading instruments and strong global presence.
- Regulation: Central Bank of Ireland, ASIC.
- Best For: Traders who want variety in assets beyond Forex.
- Visit AvaTrade
Alt text for image: AvaTrade online Forex trading platform accessible in Saudi Arabia.
Is Forex Trading Legal in Saudi Arabia?
Yes, Forex trading is legal in Saudi Arabia. While the Saudi Arabian Monetary Authority (SAMA) doesn’t license foreign brokers, traders can use internationally regulated brokers. It’s important to ensure the broker offers Islamic (swap-free) accounts to comply with Sharia law.
Read more: SAMA Official Website
Conclusion
The best Forex brokers for Saudi Arabia in 2025 are Exness, IC Markets, XM, Pepperstone, and AvaTrade. Each broker offers unique features, from low spreads and fast withdrawals to strong educational resources. By choosing a regulated broker and practicing risk management, Saudi traders can enter the Forex market with confidence.
FAQ – Best Forex Brokers Saudi Arabia
Q1: Which is the most trusted Forex broker in Saudi Arabia?
Exness and IC Markets are highly trusted due to their regulation and popularity in the region.
Q2: Do Forex brokers in Saudi Arabia offer Islamic accounts?
Yes, most international brokers like XM, Exness, and IC Markets offer swap-free Islamic accounts.
Q3: What is the minimum deposit for Forex trading in Saudi Arabia?
It varies by broker, starting from as low as $5 at XM to $200 at IC Markets.
Q4: Can I trade Forex legally in Saudi Arabia?
Yes, it’s legal as long as you use a regulated international broker.
Q5: Which Forex broker has the lowest spreads?
IC Markets and Exness are well-known for ultra-low spreads.