AED Broker Fee Comparison

By · · UAE Forex Markets & ADGM Compliance Specialist

Compare real forex trading costs in UAE Dirham across the top four brokers for Sharjah, Dubai, and Abu Dhabi traders. Live AED rates, Sharia-compliant accounts.

USD/AED 3.6725
EUR/USD 1.0835
XAU/USD $4,741
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✓ Sharia-Compliant Options

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How We Compare

Costs shown include spread + commission per round trip for 1 standard lot on EUR/USD. Data verified against live accounts on each broker, February 2026. AED amounts use the pegged rate of 3.6725 (stable since 1997).

Monthly Cost Summary

Cheapest Broker (Monthly)
Exness
80.80 AED per month
Exness 80.80 AED$22.00
XM 121.19 AED$33.00
IC Markets 97.74 AED$26.62
Pepperstone 97.74 AED$26.62
Potential Savings 40.39 AEDvs most expensive
USD/AED pegged at 3.6725 since 1997. Verified February 2026.

Per-Trade Cost Comparison

Round trip cost for 1 standard lot on EUR/USD — in AED

Exness
FSA · CySEC · FCA
4.04 AED
$1.10 USD
Spread0.6 pips
Commission$0
Leverage1:2000
Min Deposit$10 / 37 AED
Islamic✓ Yes
XM
CySEC · ASIC · DFSA
6.06 AED
$1.65 USD
Spread0.9 pips
Commission$0
Leverage1:1000
Min Deposit$5 / 18 AED
Islamic✓ Yes
IC Markets
ASIC · CySEC · FSA
4.89 AED
$1.33 USD
Spread0.1 pips
Commission$7 / lot
Leverage1:500
Min Deposit$200 / 735 AED
Islamic✓ Yes
Pepperstone
FCA · ASIC · CySEC
4.89 AED
$1.33 USD
Spread0.1 pips
Commission$7 / lot
Leverage1:500
Min Deposit$200 / 735 AED
Islamic✓ Yes

UAE's Cheapest Broker: Exness

Lowest spreads in the comparison, zero commission, Islamic swap-free accounts, instant AED deposits via UAE bank transfer and Visa/MasterCard.

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Broker Features Matrix

Beyond fees — what else matters for UAE traders.

Feature Exness XM IC Markets Pepperstone
Spread EUR/USD (from)0.6 pips0.9 pips0.1 pips0.1 pips
Commission/lot (round)$0$0$7$7
Max Leverage1:20001:10001:5001:500
Islamic Account✓✓✓✓
AED Deposit✓✓✓✓
UAE Entity/DFSA—DFSA—DFSA
Minimum Deposit (AED)~37~18~735~735

UAE Forex Regulation & Sharia Compliance

The UAE forex market is regulated at two levels: onshore by the Securities and Commodities Authority (SCA) and within the Dubai International Financial Centre (DIFC) by the Dubai Financial Services Authority (DFSA). Most retail UAE traders use international brokers regulated offshore by CySEC, FCA, ASIC, or FSA. All four brokers compared here offer Sharia-compliant Islamic swap-free accounts certified by their respective Sharia boards. The AED peg to USD at 3.6725 (since November 1997) eliminates currency conversion risk for UAE-based traders using USD-denominated accounts.

Frequently Asked Questions

What is the cheapest forex broker for UAE traders?

For standard account traders, Exness has the lowest total cost with spreads from 0.6 pips and zero commission (approximately 22 AED per standard lot round trip on EUR/USD). For ECN scalpers who trade high volume, IC Markets and Pepperstone offer 0.1 pip spreads with $7 USD commission (approximately 26 AED per round trip). For beginners with small accounts, XM is attractive due to its $5 minimum deposit.

Is AED pegged to USD?

Yes, the UAE Dirham (AED) has been pegged to the US Dollar at a fixed rate of 3.6725 AED per USD since November 1997. This makes AED-denominated broker fee calculations highly stable and predictable — you get exactly the same purchasing power whether your broker displays fees in USD or AED.

Are Islamic swap-free accounts available for UAE traders?

Yes, all four major brokers (Exness, XM, IC Markets, Pepperstone) offer Islamic swap-free accounts for UAE residents. These accounts eliminate overnight rollover interest (riba), making them Sharia-compliant. Some brokers charge a small administration fee after a few days of holding a position. Exness and XM offer unlimited swap-free time without fees on most major pairs.

Are these brokers regulated in the UAE?

The Securities and Commodities Authority (SCA) regulates forex in onshore UAE, while the Dubai Financial Services Authority (DFSA) regulates brokers in the Dubai International Financial Centre (DIFC). XM and Pepperstone both hold DFSA licenses for UAE operations. Exness and IC Markets operate through offshore regulation (CySEC, FCA, ASIC, FSA) which is legal for UAE residents to access directly.

How much can I deposit in AED?

All four brokers accept AED deposits via UAE bank transfer, Visa/MasterCard, and e-wallets like Skrill and Neteller. Minimum deposits vary: Exness ($10 / ~37 AED), XM ($5 / ~18 AED), IC Markets ($200 / ~735 AED), Pepperstone ($200 / ~735 AED). There are no UAE-specific deposit limits imposed by regulators. Deposits are usually instant for Visa/MasterCard and same-day for bank transfer.

Risk Disclaimer

Trading foreign exchange (forex) and CFDs carries substantial risk and may not be suitable for all investors. You could lose some or all of your invested capital. Content on SharjahForex.com is for educational and comparison purposes only and does not constitute financial advice. This calculator provides estimates based on publicly listed broker pricing as of February 2026; actual fees may vary by account type, promotions, and negotiation. Past performance does not guarantee future results. 74-89% of retail investor accounts lose money when trading CFDs with leveraged providers. Affiliate disclosure: SharjahForex may earn commission when you sign up through our links.