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Best Brokers, Exchanges & Prop Firms in Saudi Arabia (2026)

Fact-checked

Saudi Arabia is one of the highest-value forex markets in the Gulf, and broker CPA rates for Saudi clients run well above the global average. The rules are simpler than many assume, but widely misread. No broker holds a Saudi retail forex licence, because the CMA and SAMA do not issue one, so every broker a Saudi resident can use is offshore. Two things dominate the choice locally: a genuine swap-free (Islamic) account that avoids riba on overnight positions, and SAR-friendly funding through local bank transfer, mada, STC Pay and e-wallets. Our shortlist leads with vetted partners that accept Saudi clients, favours strong tier-one or GCC-relevant offshore licences, a real Sharia-compliant account, Arabic-language support and a proven payout record, and is honest about where local protection does and does not apply.

Regulation in Saudi Arabia

Saudi Arabia does not issue a local retail forex or CFD licence. The Capital Market Authority (CMA) regulates the Kingdom's securities and capital markets, and the Saudi Central Bank (SAMA) controls banking, payments and foreign exchange, but neither licenses retail OTC forex brokers for Saudi residents. So every broker a Saudi trader can practically use is offshore, typically regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus), the DFSA in Dubai or FSCA (South Africa). SAMA actively monitors transfers linked to trading, so expect KYC and source-of-funds checks when you fund an account. There is no Saudi compensation scheme for offshore forex accounts, so if a broker fails your recourse runs through its foreign regulator, not a Saudi authority. Individual retail traders do not need a CMA licence to trade their own account, because the CMA licenses firms, not private traders. We flag this reality rather than pretend a local licence is on offer.

Recognised regulators: CMA (note), SAMA · Currency: SAR

Forex Brokers Serving Saudi Arabia

53 brokers accept Saudi Arabia clients, sorted by overall score.

№1 Editor's pick

Exness
9.3/10 Tested
  • Best for Instant withdrawals
  • Best for MENA traders
  • Best for SEA traders
  • Best for High leverage
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:Unlimited
Regulation
CySEC · FCA

№2 Editor's pick

AvaTrade
8.7/10 Tested
  • Best for Copy trading
  • Best for Canada residents
  • Best for Options trading
Min deposit
$100
Spread from
0.9 pips
Max leverage
1:400
Regulation
Central Bank of Ireland · ASIC

№4 Editor's pick

RoboForex
8.0/10 Tested
  • Best for High leverage
  • Best for Cent accounts
  • Best for Stock CFDs
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FSC Belize · TFC member (compensation up to €20,000)

№9 Editor's pick

Saxo Bank
9.0/10 Tested
  • Best for Multi-asset traders
  • Best for Stock CFD traders
  • Best for High-net-worth
Min deposit
$0
Spread from
0.4 pips
Max leverage
1:200
Regulation
FSA Denmark (Finanstilsynet) · FCA

№10 Editor's pick

XTB
9.0/10 Tested
  • Best for EU/UK traders
  • Best for Stock CFDs
  • Best for Education library
Min deposit
$0
Spread from
0.5 pips
Max leverage
1:500
Regulation
FCA · CySEC

№12 Editor's pick

Vantage
8.8/10 Tested
  • Best for ASIC regulation
  • Best for Raw ECN spreads
  • Best for Copy trading
  • Best for MT4/MT5
Min deposit
$50
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№13 Editor's pick

FxPro
8.7/10 Tested
  • Best for FCA regulation
  • Best for cTrader Raw
  • Best for Multi-platform
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
FCA · CySEC

№15 Editor's pick

OANDA
8.7/10 Tested
  • Best for US traders
  • Best for TradingView users
  • Best for Long history
Min deposit
$0
Spread from
1.2 pips
Max leverage
1:200
Regulation
NFA · CFTC

№17 Editor's pick

Tickmill
8.6/10 Tested
  • Best for ECN scalpers
  • Best for Cost-aware traders
  • Best for MENA and SEA
  • Best for High leverage
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

№23 Editor's pick

FXTM
8.4/10 Tested
  • Best for MENA traders
  • Best for Africa GEO
  • Best for Beginners
  • Best for High leverage
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FCA · CySEC

№24 Editor's pick

HFM
8.4/10 Tested
  • Best for MENA traders
  • Best for Cent account starters
  • Best for Copy trading
  • Best for High leverage
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FCA · CySEC

№26 Editor's pick

TMGM
8.3/10 Tested
  • Best for Share CFD traders
  • Best for IRESS DMA
  • Best for Australian traders
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FMA

№29 Editor's pick

Forex.com
8.2/10 Tested
  • Best for US retail forex
  • Best for UK shares CFDs
  • Best for TradingView routing
  • Best for NASDAQ-listed parent
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:30
Regulation
CFTC · FCA

№32 Editor's pick

Axi
8.1/10 Tested
  • Best for MT4 traders
  • Best for ECN scalping
  • Best for AI trade analytics
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№37 Editor's pick

Deriv
7.8/10 Tested
  • Best for Synthetic index traders
  • Best for EU/EEA traders
  • Best for Beginners
Min deposit
$5
Spread from
0.6 pips
Max leverage
1:1000
Regulation
MFSA Malta · Labuan FSA

№39 Editor's pick

HYCM
7.8/10 Tested
  • Best for FCA + DFSA stack
  • Best for MENA traders
  • Best for Mid-deposit clients
Min deposit
$100
Spread from
0.1 pips
Max leverage
1:500
Regulation
FCA · CySEC

№42 Editor's pick

FBS
7.6/10 Tested
  • Best for Cent account beginners
  • Best for SEA traders
  • Best for High leverage
  • Best for Low deposit
Min deposit
$1
Spread from
0.0 pips
Max leverage
1:3000
Regulation
IFSC Belize · CySEC

№44 Editor's pick

ATFX
7.4/10 Tested
  • Best for MENA traders
  • Best for MT4 trading
  • Best for New traders
Min deposit
$100
Spread from
1.0 pips
Max leverage
1:400
Regulation
FCA · CySEC

№45 Editor's pick

FXCM
7.4/10
  • Best for UK
  • Best for Germany
  • Best for Australia
  • Best for UAE traders
Min deposit
$50
Spread from
0.2 pips
Max leverage
1:400
Regulation
FCA · ASIC

№46 Editor's pick

FXGT
7.4/10 Tested
  • Best for Crypto CFDs
  • Best for Low deposit
  • Best for High leverage
  • Best for MENA traders
Min deposit
$5
Spread from
0.0 pips
Max leverage
1:1000
Regulation
CySEC · FSCA

№48 Editor's pick

NAGA
7.4/10 Tested
  • Best for MENA traders
  • Best for Social copy
  • Best for Multi-asset CFDs
Min deposit
$250
Spread from
0.5 pips
Max leverage
1:1000
Regulation
CySEC · FSA Seychelles

№49 Editor's pick

OctaFX
7.3/10 Tested
  • Best for Low deposit
  • Best for Swap-free MENA
  • Best for Copy trading
Min deposit
$25
Spread from
0.6 pips
Max leverage
1:500
Regulation
CySEC · FSCA

№53 Editor's pick

IronFX
6.4/10 Tested
  • Best for MT4 traders
  • Best for Account variety
  • Best for Emerging markets
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

Crypto Exchanges Serving Saudi Arabia

14 exchanges available to Saudi Arabia residents, verified KYC + payment rails.

№2 Editor's pick

Binance
8.6/10 Tested
  • Best for Lowest spreads on majors
  • Best for Deepest liquidity
  • Best for Research depth
  • Best for Education quality
Min deposit
$0
Spread from
0.10%
Max leverage
1:125
Regulation
VARA Dubai · AMF France

№3 Editor's pick

Bybit
9.2/10 Tested
  • Best for Low fees
  • Best for Futures trading
  • Best for Fast withdrawals
  • Best for USDT pairs
Min deposit
$0
Spread from
0.00% / 0.08%
Max leverage
1:100
Regulation
VARA Dubai · CySEC Cyprus

№4 Editor's pick

Bitget
8.9/10 Tested
  • Best for Copy trading
  • Best for Low futures fees
  • Best for USDT pairs
  • Best for Mobile UX
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:125
Regulation
Lithuania VASP · Poland CASP

№6 Editor's pick

Kraken
8.4/10 Tested
  • Best for US-based crypto traders
  • Best for Long-term holding with strong security
  • Best for SWIFT and SEPA fiat withdrawals
  • Best for Proof-of-Reserves transparency
Min deposit
$0
Spread from
0.16% / 0.26%
Max leverage
1:50
Regulation
FinCEN · FCA

№9 Editor's pick

MEXC
7.6/10 Tested
  • Best for Altcoin hunters
  • Best for No-KYC access (under $10K)
  • Best for Small-cap futures
  • Best for Zero maker fees
Min deposit
$0
Spread from
0.00% / 0.05%
Max leverage
1:200
Regulation
AUSTRAC · FIU Estonia (VASP)

№11 Editor's pick

KuCoin
7.4/10 Tested
  • Best for Altcoin breadth
  • Best for Low VIP fees
  • Best for Futures + spot in one
  • Best for Earn / staking
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FSA Seychelles (VASP) · AUSTRAC

№13 Editor's pick

Phemex
7.0/10 Tested
  • Best for Perpetual futures
  • Best for Maker rebates
  • Best for No-KYC entry
  • Best for EU and APAC
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FinCEN MSB · Lithuania VASP

№14 Editor's pick

HTX
6.2/10 Tested
  • Best for Deep liquidity
  • Best for Altcoin selection
  • Best for Perpetual futures
  • Best for APAC & LATAM
Min deposit
$0
Spread from
0.20% / 0.20%
Max leverage
1:200
Regulation
Lithuania VASP · Dubai VARA (provisional)

Prop Firms Serving Saudi Arabia

9 prop firms accept Saudi Arabia-resident traders, challenge funding accounts.

№1 Editor's pick

FTMO
9.0/10 Tested
  • Best for Funded traders
  • Best for Forex prop
  • Best for Verified payouts
  • Best for Multiple firms
Min deposit
$155
Spread from
0.2 pips
Max leverage
1:100
Regulation
Offshore

Local payment methods

Rails our traders confirmed working for Saudi Arabia deposits in 2025-2026.

  • Local bank transfer SAR
  • mada
  • STC Pay
  • Skrill
  • Neteller
  • USDT TRC-20

Tax Note for Saudi Arabia

Saudi Arabia imposes no personal income tax on individuals in 2026, whether Saudi citizens or expatriate residents, so a retail trader's forex profits are not subject to personal income tax. The one local levy to understand is Zakat: Saudi and GCC nationals owe Zakat at 2.5% on their zakat base, an adjusted measure of net wealth rather than income, which can include trading capital and other qualifying assets. Expatriate residents sit outside the Zakat regime and, with no personal income tax, generally have no filing on trading gains. All of this is administered by the Zakat, Tax and Customs Authority (ZATCA). None of this is tax advice, and Zakat computation on personal investment assets is nuanced, so confirm your own position with a local Zakat or tax adviser before you file.

Risk warning: CFDs are complex instruments. 74-89% of retail accounts lose money. Affiliate disclosure: how we earn.