Brokers With AED Accounts

Brokers with AED accounts allow traders to manage their portfolios with the UAE Dirham as the base currency. They are popular with local investors as well as active forex traders. This guide will cover the benefits of AED accounts, touch on the history of the currency and list the top supporting brokers.

Brokers With AED Accounts

These are the 5 best brokers that offer accounts with AED as the base currency:

Brokers With AED Accounts Comparison

Brokers With AED Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral Visit
Markets.com logo
$100 CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) Markets.com Web/App Platform, MT4, MT5 Visit
Interactive Brokers logo
$0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral Visit
OKX logo
10 USDT Spot, futures, perpetual swaps, options AlgoTrader Visit
SuperForex logo
$1 CFDs, Forex, Stocks, Cryptos, Commodities MT4 Visit
HYCM logo
$20 CFDs, Forex, Stocks, Indices, Commodities, ETFs HYCM Trader, MT4, MT5, TradingCentral Visit
Swissquote logo
$1000 Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) MT4, MT5, AutoChartist, TradingCentral Visit
Hantec Markets logo
$100 Forex, CFDs, Indices, Stocks, Commodities, Cryptos MT4, MT5, TradingCentral Visit
Expert Option logo
$10 Options, Stocks, Commodities, Forex, Crypto, Futures, Expert Option Web Platform Visit
Exinity logo
$20 (World), $100 (Trader), $10,000 (Trader Pro) Stocks, Stock CFDs, Forex, Commodities, Indices MT4, MT5 Visit

#1 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes

Cons

  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • Unlike most competitors, Exness doesn't provide its own education section
  • There are no promotional deals or loyalty schemes for high-volume day traders

#2 - Markets.com

Why We Chose Markets.com

Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.

"Markets.com is best for active traders looking for a regulated broker with low fees and fast execution speeds of 82ms. Beginners will also enjoy the in-house platform with its user-friendly interface, clear navigation and dynamic charts."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only)
  • Regulator: FCA, CySEC, ASIC, FSCA, FSC
  • Platforms: Markets.com Web/App Platform, MT4, MT5
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

Pros

  • Markets.com is a trusted broker with oversight from tier-one regulators including the FCA, CySEC and ASIC
  • The low minimum deposit of $100 should appeal to beginners
  • Comprehensive educational content is on offer, especially for beginners, including podcasts, webinars and financial market videos

Cons

  • The single retail account option doesn't offer traders any choice of trading conditions, or any additional perks for active trading
  • Unlike some top competitors like XM, customer support is not available on the weekend
  • There are no auto or copy trading terminals outside of the MetaTrader platforms, such as DupliTrade

#3 - Interactive Brokers

Why We Chose Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

- DayTrading Review Team
  • Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
  • Regulator: FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
  • Platforms: Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: $100
  • Leverage: 1:50

Pros

  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.

Cons

  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

#4 - OKX

Why We Chose OKX

OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.

"OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots."

- DayTrading Review Team
  • Instruments: Spot, futures, perpetual swaps, options
  • Regulator: VARA
  • Platforms: AlgoTrader
  • Minimum Deposit: 10 USDT
  • Minimum Trade: Variable

Pros

  • There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
  • Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
  • There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage

Cons

  • The quality of customer support was inconsistent based on testing
  • The firm offers limited regulatory oversight, though this is common among crypto brokers
  • The broker's platform and features may be complex for novices

#5 - SuperForex

Why We Chose SuperForex

Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

"SuperForex will suit experienced traders looking for high leverage rates and premium membership packages. The broker also continues to stand out for its wide selection of beginner-friendly accounts, although the lack of top-tier regulation is a notable drawback."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Cryptos, Commodities
  • Regulator: IFSC
  • Platforms: MT4
  • Minimum Deposit: $1
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • Traders can receive 5% annual interest on their account equity - a great way to earn passive income
  • SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero
  • SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading

Cons

  • The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
  • The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards

What Is An AED Account?

An AED account means you can deposit, hold and trade in the UAE Dirham. This is known as a base currency and is essentially the money your account is denominated in. All profits, losses, commissions and fees are processed in your account currency.

Some brokers accept a single base currency for all account holders, for example, the US Dollar. However, the best providers and platforms offer accounts in a range of popular currencies, making it easier for local investors to manage their trading activity.

The base currency can be selected during account registration. It is also worth noting that you do not have to deposit in your chosen money. Brokers can convert this at the current exchange rate, subject to any additional fees.

AED Currency Explained

The United Arab Emirates Dirham (AED) is the official currency of Dubai and the other seven Emirates. It replaced several different currencies in 1973, including the Dubai riyal. The AED is pegged to the USD, making it one of the most stable currencies in the world. This is mainly due to the United Arab Emirates’ reliance on oil exports which are traded in USD. The pegged rate remains at 3.6 AED to 1 USD.

The monetary policy of the Emirates is directed by The Central Bank of The UAE (CBUAE). Its responsibilities include promoting stability and efficiency in the financial system, protecting consumers through effective supervision, as well as supporting economic growth.

The AED Dirham is not a heavily traded currency, ranking outside of the top 30 worldwide and accounting for just 0.2% of the daily forex market turnover. Still, it is popular with investors interested in more stable currencies and those that speculate on oil markets.

Benefits Of Brokers With AED Accounts

How To Check A Broker Offers An AED Account

It may not be immediately apparent if a broker offers an AED trading account. We recommend taking a look at the deposit and withdrawal page as firms tend to list accepted currencies by payment method here. Alternatively, the new account setup page should provide details of base currencies. A drop-down selection is typically integrated if more than one currency is available.

If it is still unclear, reach out to the broker’s customer service team. Live chat is usually the most responsive.

Comparing Brokers With AED Accounts

Once you’ve identified brokers with AED accounts, there are a few considerations to review before signing up:

Final Word On Brokers With AED Accounts

Brokers with AED accounts help simplify the trading experience for residents of the United Arab Emirates, as well as those actively investing in the currency. The predictability of the currency due to its peg to the USD protects against volatile price shifts. Look for brokers with competitive fees, innovative tools and platforms, plus a trusted regulatory license. See our list of the best AED brokers to start trading today.

FAQs

What Are Brokers With AED Accounts?

Brokers with AED accounts offer live trading solutions with the United Arab Emirates Dirham (AED) as the base currency. This means all trading activity and account management are executed in this money.

How Can I Find Out If Brokers Offer AED Accounts?

Available base currencies are often listed on the account profile webpage or within the deposit and withdrawal section of a broker’s website. If information is unclear, reach out to the broker’s customer service team.

Can Anyone Open An AED Trading Account?

Most retail investors can open an AED trading account regardless of their country of residency. Remember though, it is your responsibility to comply with local tax requirements.

How Can I Choose The Best Brokers With AED Trading Accounts?

There are many considerations when choosing between brokers. Your personal preferences and requirements may play part in this but other factors to compare include trading platforms, fees, regulatory status, plus access to customer support.

Do Brokers With AED Accounts Have To Be Regulated?

Brokers registered within the United Arab Emirates should comply with the guidance of the Securities Commodities Authority (SCA) and the Central Bank of UAE. International brokers with AED accounts may hold a license with other financial bodies, such as the UK Financial Conduct Authority (FCA) or the US Securities and Exchange Commission (SEC).