AED Forex Account

Published on 27/09/2023

Compare regulated brokers that accept the UAE dirham (AED) as a base currency for your trading account.


4.3 / 5 Exness
Trading in CFDs carries a high level of risk thus may not be appropriate for all investors.

Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage (conditions apply).

  • Likes
  • Low and stable spreads.
  • No swap charges across most FX pairs.
  • Unlimited leverage on MetaTrader 4 and 5 (conditions apply).
  • Withdrawals processed instantly in a wide range of currencies.
  • Negative balance protection is available.
  • Dislikes
  • No access to a compensation fund in the event of bankruptcy.
  • No CFDs on agricultural commodities, ETFs or government bonds.
Our take on Exness

Once you start trading with Exness, you soon understand why this broker is trusted by over 500,000 active clients. We traded through its MT5 Standard account with spreads from just 0.3 pips. Most instruments have no swap charges at all, which makes it easy to estimate how profitable each trade could be.

You'll find a wide range of instruments through its platform. These include over 100 currency pairs, crypto, U.S. stocks, global indices and commodities. The gold and silver crosses against the euro, the British Pound and the Aussie dollar will appeal to gold bugs.

Its web trading platform, built around TradingView charts, is sleek. If you're into technical analysis, you'll be able to customise charts with over 100 indicators and save them for later. Visit Exness to create an account and see for yourself what this broker has to offer.

Read review ▷

Brokers that accept AED

Exness

If you live in the UAE, you can fund your AED trading account with Exness.com through Skrill, Neteller or Sticpay in dirham. In the UAE, Skrill charges a 2.5% fee on credit card deposits and a flat EUR 5.50 fee on withdrawals to a bank account(1). You may also fund your Exness account directly with Visa or Mastercard. However, as card deposits are transacted in USD or EUR, they'll incur a foreign exchange fee if you fund in dirham.

About the Emirati Dirham

The Emirati Dirham, abbreviated as AED, is the official currency of the United Arab Emirates. The Dirham was introduced in 1973(2), in replacement of the Bahraini Dinar, the Qatari Riyal and the Dubai Riyal that had been in circulation at the time.

The Central Bank of the UAE intervenes automatically in the foreign exchange market in order to maintain the Dirham's fixed exchange rate against the US Dollar. 1 USD equals 3.6725 AED(3).

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Author

About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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