Brokers With SAR Accounts

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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

A Saudi riyal (SAR) trading account is denominated in Saudi Arabia’s currency. For Saudi traders, they offer straightforward account management while allowing you to store trading capital in a relatively stable, USD-pegged currency.

Discover our choice of the best brokers with SAR accounts, personally tested by our experts.

Best Brokers With SAR Accounts

Our evaluations show that these are the top 2 trading platforms that accept SAR accounts:

Click a broker for details
  1. 1
    Exness

    Ratings
    4.5 / 5
    4.3 / 5
    4.2 / 5
    4.8 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5

    $10
    0.01 Lots
    1:2000
    FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR
  2. 2
    OKX
    $10 in BTC

    10 USDT
    Variable
    VARA
    Spot, futures, perpetual swaps, options
    AlgoTrader
    Wire Transfer, PayPal, Credit Card, Mastercard, Visa, Bitcoin Payments, Google Wallet, Banxa, Apple Pay, Simplex, Ethereum Payments
    USD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR

This is why we think these brokers are the best in this category:

  1. Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 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.
  2. 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.

Brokers With SAR Accounts Comparison

Brokers With SAR Accounts Comparison
Broker SAR Account Minimum Deposit Markets Regulator
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
OKX logo
10 USDT Spot, futures, perpetual swaps, options VARA

Exness

"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."

Tobias Robinson, Reviewer

Exness Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorFSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV
PlatformsExness Trade App, MT4, MT5, TradingCentral
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR

Pros

  • There's excellent 24/7 multilingual customer support via telephone, email and live chat
  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business

Cons

  • There are no promotional deals or loyalty schemes for high-volume day traders
  • 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

OKX

"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."

William Berg, Reviewer

OKX Quick Facts

Bonus Offer$10 in BTC
Demo AccountYes
InstrumentsSpot, futures, perpetual swaps, options
RegulatorVARA
PlatformsAlgoTrader
Minimum Deposit10 USDT
Minimum TradeVariable
Account CurrenciesUSD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR

Pros

  • You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform
  • Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
  • There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins

Cons

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

How Did We Choose The Best Brokers?

To uncover the best trading platforms with SAR accounts we:

  • Examined our 500-strong database of online trading platforms and brokers
  • Focused on all those that offer an account denominated in Saudi riyals
  • Ranked them by their overall rating, derived from 100+ data points and hands-on tests

What Is An SAR Account?

An SAR account is a trading account where the balance, trades and funding transactions are handled in Saudi riyals.

Since your cash and traded assets are displayed in SAR, you can easily manage your profit and loss statements in your home currency.

Below you can see an example where I opened an SAR account with Exness:

Opening an SAR account at Exness
Exness – SAR Account Registration

Do I Need An SAR Trading Account?

An SAR account may be suitable if:

  • You live in Saudi Arabia and hold or save money in SAR because it’s more cost-efficient to hold an account in your local currency.
  • You frequently trade regional markets like Middle Eastern oil company stocks, since the SAR is strongly aligned with oil prices.
  • You are an overseas trader seeking to diversify your portfolio by holding capital in a relatively strong US-pegged currency.

How Can I Check If A Broker Offers An Account In Saudi Riyals?

You can follow these straightforward steps which we also took to ensure our recommended platform offers a SAR account:

  1. Navigate to the account types page on the broker’s website to find the selection of base currencies.
  2. Check that ‘SAR’ is available as a supported currency in Saudi Arabia.
  3. Register for an account and choose ‘SAR’ as your base currency.
💡
If available, I recommend opening a demo account in SAR first so you can view your transactions, trading costs and exchange fees in riyals.

Pros & Cons Of SAR Trading Accounts

Pros

  • SAR accounts are subject to fewer or no currency conversion fees for Saudi clients – a notable advantage for active traders who carry out frequent transactions.
  • The Saudi riyal’s peg to the US dollar and the nation’s control over global oil reserves means that the SAR remains relatively stable and can offer a degree of protection against exchange rate volatility.
  • We’ve found brokers with SAR accounts often tailor their services to Saudi traders, for example, by providing local customer support and Islamic accounts (both available at Exness).

Cons

  • SAR accounts are still uncommon and only account for less than 1% of brokers that we’ve evaluated, giving you a much smaller choice of high-quality trading platforms to choose from.
  • Our experience shows that stocks listed on the Tadawul Saudi Stock Exchange are not widely available at most brokers – a notable drawback for Saudi traders looking to trade domestic equities in a SAR-based trading account.
  • Trading other international assets, such as US stocks, may be subject to conversion fees if your account is in SAR. IG, for example, charges 0.8%.

FAQ

Which Is The Best Broker With An SAR Account?

You can refer to our ranking of the best trading platforms with SAR accounts, which have been thoroughly tested by our experts.

How Much Does It Cost To Open A Trading Account Based In Saudi Riyals?

Based on our tests, you will need up to 250 USD (approximately 937 SAR) to open a live trading account. That said, many beginner-friendly brokers require much less, including Exness with just 10 USD (around 37 SAR).

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