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.

Brokers we recommend


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).


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, 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.


Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
Exness 4.3 3.8 4.0 5.0 3.8 4.7
HYCM 4.2 5.0 3.8 4.4 3.8 4.0
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)
Exness 9611981043
HYCM 6728151271334
MT4MT5Copy trading
Exness
HYCM
Bank transferDebit cardCredit cardNETELLER *Skrill *Binance PayBTC (Bitcoin)USDT (Tether)
Exness
HYCM
Cayman IslandsCyprus (EU)SeychellesSouth AfricaSt. Vincent & the GrenadinesUAEUK
Exness
HYCM

* 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.



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.


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, 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.
Our take on HYCM

Trade over 300 instruments across a wide range of markets, spanning currencies, cryptocurrencies, stocks, indexes, and commodities. HYCM 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 is an established broker, in business since 1999. It is also a safe place to trade, being overseen by regulators in the EU, the UK, the UAE, and other regions. HYCM provides a reliable trading environment. However, its trading fees are somewhat higher than the competition, unless you open a Raw account.

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.

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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Author

About the author

I'm St├ęphane, 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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