Exness Forex trading in the UAE
Exness is one of the popular online brokers in the United Arab Emirates. The company complies with all the requirements of the local regulator and offers attractive trading conditions for its clients.
In addition to the United Arab Emirates, Exness is one of the leaders in providing online trading services in New Zealand, South Africa, and the EU. The company considers it a priority to satisfy all the needs of its users through the introduction of innovative technologies. Traders have access to a full set of instruments and several convenient platforms. Clients can choose to trade in Forex pairs, Cryptocurrencies, metals, stocks, and energies.
Exness customer support is provided in 16 languages via online chat and instant messengers, so you can quickly and easily solve problems and ask questions of interest.
Exness is committed to transparency and is regulated by such reputable organizations as the FCA, CySEC, FSCA, FSC, FSA, and others, which allows traders not to worry about the safety of their funds, and the company to expand its customer base and accept new traders, in particular from the United Arab Emirates.
Forex trading in the UAE
Rapidly transformed from a desert into an oil-rich modern innovation hub in the Middle East in just 50 years, the United Arab Emirates is one of the most enchanting countries in the world. Due to its open economy, focus on the financial sector, and huge oil reserves, it is among the richest states in the region and in the world. A good business environment and a wealthy local population also contributed to the creation of a strong trading market. In particular, there is a huge concentration of Forex traders in the UAE and especially Dubai.
In the forty years since 1971, the UAE’s GDP has grown more than 190 times: from 6.5 billion dirhams to 1.2 trillion dirhams. The economy depends on oil exports, tourism, banking, trade, and real estate. Although a third of GDP comes from oil, the country is seeking to diversify the economy to reduce its dependence on it, which is also evidenced by raising capital through the listing of shares of large companies on the exchange, as well as a high interest in trading not only among local residents but also visitors. Here, traders can choose from hundreds of online Forex brokers licensed locally or abroad, as well as trade many types of assets on various platforms.
In turn, one of the UAE brokers that have gained popularity is Exness, which not only offers swap-free trading accounts for residents of Islamic countries, but has adapted those support to the local language, and also complies with all the regulations of the local authority, which we will take a closer look at.
Exness popular trading instruments in the UAE
Exness is one of the world’s leading financial brokers with clients from over 100 countries. By registering, UAE traders gain access to multiple financial markets to trade currency pairs, stocks, indices, metals, energies, popular Cryptocurrencies such as Bitcoin and Ethereum, and rarer coins.
Trading currency pairs with Exness in the UAE
For traders, the Forex market in the UAE represents an excellent opportunity as the state has created an attractive economic zone and in order to promote the growth of the foreign exchange market in the region, the government has abolished all taxes on Forex profits.
Exness broker offers UAE clients over 100 currency pairs so you can join the world’s largest markets. Majors, minors, and exotics are traded with floating spreads and swaps, as well as maximum leverage that varies with your account equity.
The company’s website has seven of the most popular Forex pairs, called majors; they all include a combination of the US dollar and another popular currency (GBP, JPY, CHF, CAD, EUR, NZD, AUD). These currency pairs are the most liquid and widely traded pairs in the world.
As for minor currency pairs, they do not contain the US dollar and are called cross pairs. Exness considers all cross pairs including minor ones, except for USD/CNY, USD/THB, and USD/HKD.
The choice of exotic currency pairs in the company is also wide. Such combinations are suitable for sophisticated traders, and detailed information about spreads, trading volume, etc. is carefully provided by the broker on the website.
Commodity trading in the UAE with Exness: oil, gas, and precious metals
Oil and gas in the UAE are the backbones of the national economy. Since the discovery of the first oil fields, this sector of the economy has completely replaced traditional occupations. Products of the oil industry are not only the main source of income from the state’s raw material exports but are also one of the key instruments of the Arab Forex commodities market.
The UAE is also a member of OPEC, the world’s largest oil exporting organization, with a 30% share of oil and gas in the UAE’s GDP.
Trading oil-based financial instruments remain one of the most popular ways to make deals: in addition to standing the test of time, it can bring returns if done right. In turn, Exness offers its clients in the UAE not only oil and gas but also oil and gas stocks, indices, and CFDs.
For metals, Exness offers CFD trading on popular commodities such as gold, silver, platinum, and palladium in the form of currency pairs.
Trading securities in the UAE with Exness
In addition to currency pairs and commodities, Exness has stocks and indices on its list of offerings. Securities are represented by world-famous companies such as Amazon, Tesla, and Apple, as well as regional manufacturers. Traders can also choose from the world’s most popular indices, including the FTSE 100, S&P 500, the Dow Jones Industrial Average, and many more.
Crypto trading in the UAE with Exness
The United Arab Emirates legalized Cryptocurrencies in 2017. This was preceded by a long development of the legislative framework by the Securities and Commodities Authority (SCA) in cooperation with representatives of the Crypto industry. At this point in the UAE, platforms for fundraising, Cryptocurrency storage services, exchangers, and companies that tokenize assets are allowed.
The activities of all blockchain and Cryptocurrency projects in the UAE are regulated by the Securities and Commodities Authority (SCA), as well as local financial services authorities:
- DFSA management in DIFC Free Zone (Dubai);
- FSRA management in the ADGM Free Zone (Abu Dhabi).
The government welcomes all financial innovations and makes efforts to keep up with the times. Traders, in turn, can take advantage of not only the growth of the Cryptocurrency but also its movement in the opposite direction with the help of Contracts for Difference, which is offered by the broker Exness.
Also in the list of Cryptocurrencies of the company, you can find more than 30 popular coins. Among them are Bitcoin, Ethereum, Ripple, Dogecoin, Cardano, Daytcoin, and many others. Cryptocurrency trading is available 24/7 with fixed leverage up to 1:400. In addition, you can trade Bitcoins not only against world currencies such as the US dollar, Australian dollar, Japanese yen, Korean won, and Thai baht but also against precious metals.
Exness account types: Swap-free offer for the UAE
The United Arab Emirates is a Muslim state and Islam is the state religion. Muslims in the country – 96%, other religions – 4%. For traders from the Muslim community, brokers provide accounts in compliance with the laws of Islam. According to Sharia law, Muslims are forbidden to give and take any funds at interest. In order to conduct permitted trading, an account opened with the company must not contain swap fees and commissions on the amount of financial turnover, deferral of currency delivery, and leverage.
In this regard, Exness provides Sharia-compliant UAE clients with swap-free trading accounts. If the status is without swap, the swap is not credited to or withdrawn from the trading account.
The Exness automated system detects which clients are residents of countries where Islam is the predominant religion and assigns their trading accounts swap-free status.
Swap-free status can be assigned to the following types of trading accounts:
- Pro. Exness instant execution account with zero commission, and low spreads (from 0.1) for trading all available financial assets: Forex, metals, Cryptocurrencies, energies, stocks, and indices.
- Raw spread. Clients can trade Forex, metals, Cryptocurrencies, energies, stocks, and indices with minimum spread with a fixed commission per lot (from 0.0), commissions up to $3.50 per side per lot.
- Zero. Trading account with a zero spread for the top 30 instruments, market execution, no requotes, and commissions from $0.2 per side per lot.
- Standard cent. Trading conditions of the standard account are available for trading currency pairs and precious metals.
- Standard. You can trade FX, metals, cryptocurrencies, energies, stocks, and indices with a minimum deposit depending on your payment system ($10 in most cases), spreads as low as 0.3, no commissions, and unlimited leverage.
Exness trading terminals in the UAE
Exness is a brokerage company that provides convenient and affordable Forex trading services to clients around the world on the well-known MT4 and MT5 terminals, MetaTrader WebTerminal, Exness’s own WebTerminal, as well as the MT4 Multiterminal.
With MetaTrader 4, clients can trade currency pairs and other financial instruments using CFDs. MetaTrader 5, on the other hand, is an upgraded version with enhanced features and functions over its predecessor that is quickly rising to the top of the list of trading platforms used by online brokers and foreign exchange traders around the world.
- MetaTrader WebTerminal and Exness’s own WebTerminal
If you prefer to trade without any downloads, you can use the MetaTrader WebTerminal or Exness’s own terminal. The last one includes an intuitive interface with unique charting technology, plus over 50 drawing tools and 100 indicators. You don’t need to install anything in order to use terminals. All you have to do is log in to your personal account and click “Trade” from anywhere to access the Terminal.
The Exness Terminal functions have collected all the advantages of MT5 with an optimized design and without unnecessary information.
- MT4 Multiterminal
As for the MT4 MultiTerminal, it is specifically designed to manage up to 128 real MT4 trading accounts at the same time, but for this, it sacrifices some features, such as the inability to view instrument charts. This trading terminal is not recommended for general use as it serves a very specific purpose.
- Exness Trader App
The broker’s original trading application is available on both iOS and Android.
Exness languages and technical support in the UAE
Exness broker provides traders with exceptional service: the official website is presented in 16 languages including Arabic, and customer support is provided through online chat, e-mail, and also by phone. Just select any country you need and call Exness.
Deposits and withdrawals with Exness in the UAE
When it comes to deposits and withdrawals, Exness offers quite a few options: you can make transactions back and forth using local currencies, including the world’s most popular payment systems, e-wallets, and Crypto wallets.
You can choose from (with a minimum withdrawal amount):
- Bank card ($10);
- Bitcoin ($10);
- Skrill ($10);
- Neteller ($4);
- US dollar coin (USDC ERC20) ($100);
- Tether (USDT ERC20) ($100);
- Bank transfer ($250);
- Web money ($1);
Exness worldwide regulation
Exness is committed to transparency and is regulated by such reputable organizations as:
- The United Kingdom’s Financial Conduct Authority (FCA);
- Cyprus Securities and Exchange Commission (CySEC);
- South Africa’s Financial Sector Conduct Authority (FSCA);
- Mauritius’s Financial Services Commission (FSC);
- Seychelles Financial Services Authority (FSA);
- Central Bank of Curaçao and Sint Maarten;
- British Virgin Island’s Financial Services Commission (FSC).
Social trading with Exness in the UAE
In order to make trading as efficient as possible for both beginners and experienced traders, Exness introduced the Social Trading service back in 2019. Social trading simplifies the work, as new traders can copy experienced ones, as well as share ideas and discuss trading strategies.
There are three options for opening copy trades on the Exness website:
- Copying without open trades
A trader can choose a strategy for investments, according to which trading has not yet been opened or will not be opened for some time. As soon as the trader clicks “Open a new investment”, the system will calculate the copy ratio. When the strategy provider opens a trade, the trade is immediately copied to the investor’s account at the same opening price.
- Copy with actually open deals
When a trader chooses to invest in a strategy that currently has multiple open trades. As soon as he clicks “Open a new investment”, the system calculates the copy ratio.
Already opened trades are copied to the trader’s account using the current market price, which may differ from the price of opening trades on the side of the strategy provider.
- Subsequent copying
When the strategy provider opens new trades, they will be immediately copied to the investor’s account using the same opening price as the strategy provider. The copy ratio used for the calculation is the actual copy ratio that is calculated and updated according to these rules.
Exness VPS for UAE clients
Exness also provides its customers with a free Virtual Private Server (VPS). VPS is a remote terminal ideal for traders who want to automate their trading. VPS helps to improve the quality and speed of your connection. Lower latency allows your automated strategies to react faster to potential trading opportunities and market events than other market participants.
VPS is critical for serious traders who want to automate their strategies and fine-tune their response times.
Summing up: Forex trading with Exness in the UAE
Exness is one of the best-regulated Forex brokers in the UAE that provides access to a variety of assets including Cryptocurrencies and various CFDs.
In addition to using Standard, Standard Cent, Pro, Zero, and Raw spread, Exness provides Sharia-compliant UAE clients with swap-free trading accounts.
Exness has convenient terminals for more comfortable trading. Passive earning options with Social and Copy trading make the company attractive for the category of people for whom active trading is not suitable for various reasons.
Exness website is provided in 16 languages including Arabic and support is via online chat and instant messengers. Traders can deposit and withdraw funds through bank transfers; bank cards like Visa and MasterСard, Bitcoin, Tether, Perfect Money, NETELLER, WebMoney, and Skrill.
Exness has a proven track record as a trusted brokerage provider, backed by licenses from regulators such as FCA, CySEC, FSCA, FSC, FSA, and more. Try trading with Exness using our dedicated button below.
Exness in the UAE - FAQ