AED Forex Account
Compare regulated brokers that accept the UAE dirham (AED) as a base currency for your trading account.
Brokers we recommend
HYCM.com is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.
Trade CFDs on 200 instruments, spanning currencies, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with flexible leverage. Exness.com is an offshore broker with over 1 million active clients.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
* Availability is subject to local laws and regulations.
Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.
HYCM.com is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.
- Likes
- Trade CFDs or invest in over 1,000 "real" stocks.
- Trade on MetaTrader 4 or MetaTrader 5.
- Get free signals from Trading Central.
- Open a trading account in USD, EUR, GBP, CAD and AED.
- Dislikes
- Trading fees on its Fixed and Classic accounts are a little high.
- Monthly inactivity fees apply after 90 days.
- Copy trading isn't possible.
Trade over 300 instruments across a wide range of markets, spanning currencies, cryptocurrencies, stocks, indexes, and commodities. HYCM.com offers a variety of trading accounts for beginners and more experienced traders, on the MetaTrader 4 and 5 platforms.
Of note, 'buy and hold' investors can now access over 1,000 'real' stocks, and earn dividends on their investments. It is possible to invest from as little as $10 through fractional ownership. This service includes American, Asian, and European stocks.
HYCM.com is an established broker, in business since 1999. It's also a safe place to trade, being overseen by regulators in the EU, the UK, the UAE, and other regions.
Read reviewTrade CFDs on 200 instruments, spanning currencies, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with flexible leverage. Exness.com is an offshore broker with over 1 million active clients.
- Likes
- CFDs on 96 Forex pairs.
- Swap-free trading is available across most instruments.
- Wide range of trading conditions, including raw spreads.
- Instant withdrawals in a wide range of currencies.
- Customer support available on a 24/7 basis.
- Dislikes
- No access to a compensation fund in the event of bankruptcy.
- No CFDs on agricultural commodities, ETFs or government bonds.
Exness is a broker you should consider if you're looking for a wide selection of currency pairs. Trade CFDs on over 90 pairs with flexible leverage, as well as the US Dollar Index. Most instruments are available to trade swap-free.
Exness also provides a wide range of trading conditions that will appeal to beginners and more experienced traders alike. Open a Standard account from a low $10 deposit to trade without commission, or opt for a zero-spread account for even lower fees.
Exness uses MetaTrader 4 and 5, as well as a web trading platform built around TradingView charts. If you're into technical analysis, you'll be able to customise charts with over 100 indicators and save them for later. Visit Exness.com to create an account and see for yourself what this broker has to offer.
Read reviewBrokers 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.
HYCM
If you live in the UAE, you can open an AED trading account with HYCM.com and fund it in dirham. HYCM accepts a wide range of payment options, including local bank transfers from within the UAE, Visa and Mastercard. Bank transfers can take up to 7 working days to reach your account, but card payments are almost instantaneous. HYCM charges no fees on deposits.
In the UAE, Henyep Capital Markets (DIFC) Limited is authorised and regulated by the Dubai Financial Services Authority with license number 000048. HYCM is headquartered in the City of London and has won over 15 awards including Best Forex Broker Dubai and Best Mobile Trading Platform.
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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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.
- 1. Skrill. Our Fees and Charges. https://www.skrill.com/en/siteinformation/fees/#deposit
- 2. United Arab Emirates' Government portal. The UAE National Currency. https://u.ae/en/information-and-services/finance-and-investment/the-uae-national-currency
- 3. Central Bank of the UAE. Domestic Market Operations. https://www.centralbank.ae/en/our-operations/monetary-policy-and-domestic-markets/domestic-market-operations/