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Is Pepperstone or Capital.com better for CFD trading in the UAE?

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For most CFD traders in the UAE, Pepperstone is the better choice: it has more platforms, Razor raw-spread pricing and a $10 minimum deposit, with AED funding and Arabic support. Capital.com is better if you need a swap-free account or want your account held by a company with an onshore UAE dealing licence.

Short answer: Choose Pepperstone for platforms and pricing; choose Capital.com for swap-free accounts and an onshore CMA dealer.

  • Pepperstone: UAE retail accounts issued by Pepperstone Markets Limited (SCB Bahamas), introduced by its CMA-licensed Dubai firm.
  • Capital.com: Capital Com MENA Securities Trading LLC, CMA Category One dealing licence 20200000176.
  • IG (DFSA F001780), XTB MENA (DFSA F006316) and Plus500 (CMA 20200000232, DFSA F005651) state UAE licences on their sites.
  • Exness, XM, IC Markets, Equiti and Forex.com showed us only non-UAE regulators on the sites we could reach.
  • We only state competitor facts we found on the competitor's own website.

How we compared

For every broker named here, we read its own website from the UAE-facing version where one exists and noted the company, regulator and platforms it states. We did not use review sites or forum claims, and we do not quote any competitor's spreads that we could not see on its own pages.

Where a site was blocked or redirected for us, we say so instead of guessing. Pepperstone, Capital.com and XS are our partners, which is why we hold ourselves to their published facts too.

Better for most UAE traders

Five platforms, Razor raw pricing from 0.0 pips, a $10 minimum and AED accounts on its CMA route.

Open a Pepperstone account
Better for swap-free

Onshore CMA dealing licence, swap-free accounts for UAE residents and 5,500+ commission-free CFD markets.

Open a Capital.com account
MetaTrader alternative

MT4 and MT5 on five account types, with Elite spreads from 0.1 pips on EUR/USD ($6 round turn, $500 minimum).

Open a XS account

Pepperstone, Capital.com and XS are our partners. We may earn a commission if you open an account through our links. That does not change the facts on this page.

Your questions, answered

Pepperstone or Exness, which is better in the UAE?

We prefer Pepperstone. Exness's own group page lists regulators in the UK, Cyprus, Seychelles, South Africa, Mauritius, Kenya, Jordan, the British Virgin Islands and Curaçao, but no UAE regulator, while Pepperstone has CMA- and DFSA-licensed firms in the UAE and AED accounts. Pepperstone's retail accounts here are still issued from the Bahamas, so compare the contracting company at both before you decide.

Pepperstone or XM, which is better?

We pick Pepperstone. XM's Arabic-language site names XM Global Limited, regulated by the FSC in Belize, and offers MT4 and MT5. Pepperstone adds cTrader, TradingView and its own app, Razor raw pricing and a group regulated in seven jurisdictions, including two UAE-licensed firms.

Pepperstone or IC Markets, which has lower spreads?

Both offer raw-spread accounts, and Pepperstone's Razor publishes forex spreads from 0.0 pips plus commission from $3.50 per lot per side. IC Markets' global site, run by Raw Trading Ltd under a Seychelles FSA licence, lists Raw Spread, cTrader Raw Spread and Standard accounts, but we did not compare its live spreads. Pepperstone is our pick for UAE traders because of its local firms, AED accounts and Arabic support.

Pepperstone or AvaTrade, which is better for forex?

For forex we prefer Pepperstone, mainly for Razor raw pricing and cTrader with Level II depth. AvaTrade's UAE site says it is licensed locally by ADGM's Financial Services Regulatory Authority and offers WebTrader, MT4 and MT5. That ADGM licence is a real plus for AvaTrade, so check which entity would hold your account at each broker.

Pepperstone or eToro, which is better for CFD trading?

For CFD trading we pick Pepperstone, which is built around CFDs, with five platforms, Razor pricing and copy trading on cTrader. eToro's website was blocked from our location when we checked, so we could not confirm its UAE entity or terms. Look up eToro's licence on the regulator's register yourself before you compare.

How do Pepperstone and XTB compare on fees?

XTB's UAE site, run by XTB MENA Limited under DFSA licence F006316, advertises 0% commission on stocks and ETFs up to €100,000 of monthly volume, then 0.2% with a €10 minimum, and a currency conversion cost of 0.5% that may apply. Pepperstone charges $0.02 per share on US share CFDs, no commission on indices, and raw-spread pricing on forex. Both say deposits and withdrawals are free, so compare costs for the products you actually trade.

Is Pepperstone or Equiti better for trading in Dubai?

We pick Pepperstone, with its Downtown Dubai office, AED accounts and Arabic support. Equiti's site redirected us to its Seychelles version, run by Equiti Brokerage (Seychelles) Limited under FSA licence SD064, which offers MT4, MT5 and TradingView; we could not view a UAE-specific Equiti page. Ask Equiti which company would hold your account before comparing protections.

Pepperstone or IG, which is better for trading gold?

For gold we pick Pepperstone, because it offers spot, futures, perpetual and ETF gold CFDs and raw XAU/USD pricing on Razor. IG is a strong alternative in the UAE: its UAE site is run by IG Limited, regulated by the DFSA (F001780) in the DIFC, and offers MT4, MT5, ProRealTime, L2 Dealer and TradingView. If you want your account with a DFSA-regulated firm in the DIFC, IG is one; Pepperstone's DFSA firm serves professionals only.

Is Pepperstone or Plus500 better for beginners?

For beginners we pick Pepperstone, for its free demo with an unlimited virtual balance, a $10 minimum and Arabic support. Plus500's UAE site lists Plus500Gulf Securities LLC, licensed by the SCA (now the CMA) under licence 20200000232, and Plus500AE Ltd, regulated by the DFSA, which says it is not authorised to hold client money. Whichever you pick, start on a demo and with low leverage.

Pepperstone or Forex.com, which is better?

We pick Pepperstone for UAE traders. The Forex.com site we reached is run by GAIN Global Markets Inc., regulated by the Cayman Islands Monetary Authority (licence 25033), and lists MT5 and TradingView. Pepperstone offers those plus MT4, cTrader and its own app, along with UAE-licensed firms and AED funding.

Is Pepperstone or Saxo better for active traders?

For active CFD traders in the UAE we pick Pepperstone, which offers Razor pricing, rebates through its active-trader programme and free VPS hosting. Saxo's UAE site says its Dubai office is a representative office licensed by the Central Bank of the UAE that does not provide financial services in the UAE; accounts are with Saxo Bank A/S, regulated in Denmark. Because Saxo Bank A/S is a Danish-regulated bank, its protections follow Danish rules rather than UAE ones.

Pepperstone or Exness, which has lower spreads on gold?

We cannot give you a like-for-like answer, because Exness's site sent us to its corporate page and we could not see its gold spreads. Pepperstone publishes raw spot-gold spreads on Razor from 0.08 points, plus commission. Open demo accounts at both and compare the live XAU/USD quote at the same moment.

What are the best alternatives to Exness in the UAE?

Our alternatives to Exness are Pepperstone, Capital.com and XS, in that order. Pepperstone has UAE-licensed firms and AED funding, Capital.com has an onshore CMA dealing licence and swap-free accounts, and XS applies swap-free status automatically for UAE residents. IG and XTB are DFSA-regulated options if you want a DIFC firm.

What are the best alternatives to eToro in the UAE?

If you want CFDs with more platform choice, Pepperstone is our first alternative, and it offers copy trading on cTrader. Capital.com is the alternative for an onshore CMA-licensed account with its own easy app. If you want to own real shares rather than trade CFDs, use a stockbroker that accepts UAE residents.

What are the best alternatives to XM in the UAE?

We suggest Pepperstone first, then Capital.com and XS. All three offer MT4 and MT5 like XM, and Pepperstone adds cTrader and TradingView. Unlike the Belize-regulated XM Global Limited, Capital.com deals with UAE clients through a CMA-licensed UAE company.

What are the best alternatives to IC Markets?

For raw-spread trading like IC Markets, our alternative is Pepperstone's Razor account, with spreads from 0.0 pips plus commission and the same MT4, MT5, cTrader and TradingView choice. XS's Elite account is another raw-style option, from 0.1 pips on EUR/USD with a $6 round-turn commission. Capital.com suits traders who prefer no commission at all.

What are the best alternatives to Equiti in the UAE?

Our alternatives to Equiti are Pepperstone for platforms and pricing and Capital.com for an onshore CMA dealing licence with swap-free accounts. IG and XTB MENA are DFSA-regulated alternatives in the DIFC, and Plus500 states both a CMA and a DFSA licence. Compare the company that would hold your account, not just the brand.

Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.