Emirates NBD is a Dubai-based broker, established in 1963. The brand services 20+ million customers in over 13 countries and is recongized as a leading financial services provider in the UAE with AED 800+ billion in assets. Retail investors can speculate on four major markets including the Abu Dubai Securities Exchange (ADX).
MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.
Bonus Offer
20% deposit bonus
Comment by Reviewer
"Traders who want a reliable MENA brokerage with a choice of trading platforms and backing from an established bank should check out Emirates NBD."
"MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500."
Pros
The company is licensed by the Central Bank of the UAE and the Securities and Commodities Authority (SCA)
A convenient daily trading programme can be used to automate mutual fund investments with a minimum trade value of AED 8
Transparent pricing model with commission fees by exchange outlined plus a useful commission calculator
THARAA' loyalty program with tiered membership status and rewards for every completed transaction
A good choice of trading platforms with mobile app compatibility, plus telephone order execution
Customer support is available 24/7 via phone, email or online chat bot
Leveraged trading options available
24/7 multilingual customer support available across all accounts
Renowned MT4 and MT5 platforms, plus proprietary solutions and social trading
Vast range of local payment methods with fast withdrawals within 24 hours
Global presence with 10+ regulatory licenses, including ASIC (Australia) and MAS (Singapore)
MAM, PAMM and FIX API access for high-volume or pro traders, plus EAs and VPS hosting for algorithmic trading
Cons
Trading focused on the MENA region with limited global exposure
An Emirates NBD banking account is needed to deposit and withdraw
A AED 3000 minimum must be maintained across bank accounts
Slim investment offering with no forex trading
Mobile app navigation trails the best brokers
There is no demo account for new clients
There is limited education for beginners
Slow sign up process
$5,000 minimum deposit required to access ECN spreads
Average education and market research
$60 monthly inactivity fee
Awards
Nasdaq Dubai's Retail Broker of the Month Award for April 202
Nasdaq Dubai's Retail Broker of the Month Award for February 2022
Nasdaq Dubai's Retail Broker of the Month Award for December 2021
5-Stars DFM Brokers Excellence Rating certification for the year 2020
Nasdaq Dubai's Retail Broker of the Month Award for June 2020
Nasdaq Dubai's Retail Broker of the Month Award for April 2019
Nasdaq Dubai's Retail Broker of the Month Award for February 2018
Best Gold Broker 2023 - FX Empire
Best Forex Broker 2023 - Fintech & Crypto Summit Bahrain
Chairman Of The Year 2023 - Le Fonti Awards Dubai
Leading Financial Derivatives Institution 2023 - Le Fonti Awards Dubai
The Most Trusted Broker In The Middle East 2023 - Ultimate Fintech
Best Broker Of The Year 2022 - Traders Union
Best Globally Recognized Forex Broker 2022 - Forex Expo Dubai
Best Crypto Broker Asia & Europe 2022 - Global Brands Magazine
Best Financial Derivatives Broker Asia & Europe 2022 - Global Brands Magazine
Best Global Broker 2022 - Pan Finance
Best Global Forex Chairman Of The Year 2022 - Global Business Review Magazine
Best New Global Asset Digital Exchange - MultiBank Crypto Exchange 2022 - Global Business Review Magazine
The 50 Most Influential Figures In Global Financial Markets 2022 - Forex Traders Summit Dubai
Best Global Crypto Broker 2021 - Forex Expo Dubai
Bets Global Broker 2021 - Finance Magnates
Best Broker MENA 2021 - Finance Magnates
Best Broker Africa 2021 - Finance Magnates
Best Broker LATAM 2021 - Finance Magnates
Most Trusted Global Broker 2021 - Global Business Review Magazine
The 50 Most Influential Figures In Global Financial Markets 2021 - Forex Traders Summit Dubai
Best FX Service Provider 2020 - International Business Magazine
Best FX Customer Service 2020 - Forex Awards
Best Apac Region Broker 2020 - International Financial Awards
Best Forex & CFD Broker 2019 - Jordan Forex & Expo Awards
Financial Services Provider of the Year Asia 2019 - Global Brands Magazine
Best Forex Trading Platform Hong Kong 2018 - International Finance Magazine
Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research.
Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms.
Leverage
1:500
FTSE Spread
Not offered
GBPUSD Spread
0.8
Oil Spread
0.03
Stocks Spread
Variable
Forex Trading
Forex trading not offered
MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted.
GBPUSD Spread
0.8
EURUSD Spread
0.3
EURGBP Spread
0.8
Assets
45+
Cryptocurrency
Crypto trading not offered
Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of
Traders from US accepted