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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Saudi Arabia

Top Saudi Arabia brokers
Best Saudi Arabia Brokers 2021

This guide to the best trading platforms in Saudi Arabia has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the most recent details about finding the best broker in Saudi Arabia.

If you're a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You'll get adept skills at all the concepts of broker since you continue trading. For starters, you have to choose the ideal broker in Saudi Arabia who'll be clear with you constantly.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan is key to your success.

We currently have 22 Trading Patforms that we think are the Reputable Online Brokers in Saudi Arabia

Finding The Best Saudi Arabia Trading Patforms?

This guide has been designed to help you find a professional Saudi Arabia broker. When searching for a good, reliable broker in Saudi Arabia it can be very confusing.  Below we explain what your trading options are in Saudi Arabia and what Saudi Arabia online trading platforms can do for you.

Getting a free trial for a minimum of 3 days is a great way to evaluate the capabilities and professionalism of any Saudi Arabia online trading platform. Before making any final decisions, you have to be able test the tradins platform's and software in real-time but with minimal risk. This will allow you to experiment with the software and see how easy it is. A top broker in Saudi Arabia should make it as simple as possible for you. They shouldn't have to do extensive research nor set up multiple accounts before they let you start trialling their tools.

We currently have 22 Trading Patforms from our research that we think are the Best Online Brokers in Saudi Arabia

stforexRobinhoodForexMartshaw and partners limitedHDFC SecuritiesmayzusICICI DirectLondon Capital Group (LCG)rfxt lebanonDIF BrokerfxgloryPaxForexhenyepColmexiq optionAmscot StockbrokingFxProfx global marketsaaafxSharekhanHirose FinancialVTB 24 Bank
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Rating4.80/56.98/56.86/54.80/55.83/56.30/54.53/57.75/53.30/55.41/54.80/56.98/52.80/54.46/53.15/52.68/56.43/56.65/55.25/56.03/54.56/52.86/5
Minimum Deposit$250$0$1$250$0$250$0$100$250$500$250$10$250$100$250$500$100$250$300$0$1$100
Year Founded2019201320152014200020201994199620101996201320112010199020191853200620172008200020042008
HeadquartersPortugalUSACyprusSwitzerlandIndiaDubaiIndiaUKAustraliaPortugalCyprusSaint Vincent and the GrenadinesCyprusCyprusUnited StatesAustrailiaUKUnited StatesUnited StatesIndiaUKRussia
Regulated ByFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F310Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F305Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F275Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA: 182110)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F301Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F244Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F253Securities and Exchange Commission (SEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262Ministry of Economic Affairs and Communications (Estonia)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14HCMC (Greece), FSA (St Vincent & Grenadines)Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA)Unregulated
Clients14,000+10,000,000+10,000+250,000+2,000,000+150,000+2,000,000+10,000+60,000+10,000+1,000,000+350+10,000+10,000+14,000,000+10,000+10,000+10,000+60,000+1,500,000+10,000+10,000+
Risk WarningYour capital is at riskAll investments involve risks, including the possible loss of capital.CFDs may not be appropriate for all individuals. You should not risk more than you are prepared to loseYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk68% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskYour capital is at riskYour capital is at riskTrading in leveraged products may involve a significant level of risk and is not suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.37% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider.83.12% of retail investors' accounts incurred losses when trading differential contracts with this providerTrading spot currencies involves substantial risk and there is always the potential for loss.Your capital is at riskLosses can exceed depositsYour capital is at risk
Withdrawal FeesYesNoYesNoYesYesNoNoYesYesYesYesNoNoYesYesNoYesYesYesYesNo
Inactivity FeesNoNoNoYesNoNoYesYesNoNoYesNoYesNoNoNoYesNoYesNoNoNo
Deposit Fees25001250025001002505002501025010025050010025030001100
CFD FeesYesYesYesYesNoNoNoNoNoYesYesNoYesNoNoNoYesNoNoYesYesNo
Accepts Credit CardsYesNoYesYesNoYesNoYesYesYesYesYesYesYesYesYesYesYesYesNoYesYes
Accepts PayPalYesNoNoYesNoYesNoNoYesNoYesNoYesNoYesNoYesYesYesNoNoNo
Accepts SkrillYesNoYesYesNoYesNoYesYesNoYesYesYesNoYesNoYesYesYesNoNoNo
Accepts PayoneerYesNoNoYesNoYesNoYesYesYesYesNoYesYesYesYesNoYesYesNoYesYes
Accepts NetellerYesNoYesYesNoYesNoYesYesNoYesYesYesNoYesNoYesYesYesNoNoNo

Online Share Trading In Saudi Arabia

Trading investments in Saudi Arabia is highly controlled and considered very safe. However, be aware that any investment may go down as well as up, which means that your capital is in danger.

If you're just starting out with online trading then it is advised to have a demo account with a regulated agent so you can find out the strategies without the danger of losing cash.

Live Forex Trading In Saudi Arabia

Forex is the greatest liquid financial market in the world with a daily monetary market turnover of over $5 trillion (BIS statistics April 2016).

Forex (short for Foreign Exchange) is a currency exchange between two distinct countries and the next management of the resulting position where one currency gains and the other loses.

It is simple to do Live Forex Trading in Saudi Arabia with seasoned online agents

Live CFD Trading In Saudi Arabia

CFD trading is the buying and selling of contracts for difference via an online agent in Saudi Arabia. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Saudi Arabia

Spread Betting in Saudi Arabia is possible using experienced online brokers like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Saudi Arabia online trading platforms will display the prices you have.

If you are looking at how to do spread betting in Saudi Arabia then it is an idea to start with a demo account with either XTM or FP Markets so that you can practice with fake currency before risking your own capital.

Trading Shares in Saudi Arabia

Internationally, Saudi Arabia is considered safe to do online trading and has access to other global financial centers. In Saudi Arabia, online brokers are highly regulated, experienced and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the most important things a trader should know:

The financial markets in Saudi Arabia are professional and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Saudi Arabia.

The online platforms used by brokers in Saudi Arabia are thoroughly tested and highly rated & secure.

Whichever Online Trading Platforms in Saudi Arabia you decide to use, make sure they have all of the below:

  • Easy to use platform
  • Access to a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Fast online help or support

Challenges Of Trading in Saudi Arabia

The US Dollar is considered the base currency around the world so even a small change in the US economic markets could affect the economic markets in Saudi Arabia. The EU is also a large market and changes there could affect the economic markets in Saudi Arabia.

Like all countries there are challenges in Saudi Arabia economic markets and overall the outlook is good. However, like in all global financial markets we recommend that any Online Trading Platforms in Saudi Arabia you decide to use, make sure you do your due diligence first before risking any real money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Saudi Arabia.  We hope that by using this guide you will find a experienced broker that matches your needs.

Frequently Asked Questions About Trading Forex In Saudi Arabia

Is Forex Trading Legal In Saudi Arabia?

There's a growing misconception that trading Forex in Saudi Arabia is considered unsafe. This isn't the case, Forex trading in Saudi Arabia is very active, safe and regulated.

Trading in Forex is permitted in Saudi Arabia as for any business to trade globally, foreign currency has to be exchanged. Any time you purchase something and it's shipped from abroad, there will be numerous currency exchanges by multiple businesses to receive that item to you.

The main issue is that when trading Forex in Saudi Arabia you pick one of the top online brokers.

Do Forex Traders Pay Tax In Saudi Arabia?

After a dealer is successful and their profits achieve a particular level then they can be taxed in Saudi Arabia according to the standard taxation rules.

Tax returns should always be filed even if there is a loss. You should seek out advice with a registered accountant in Saudi Arabia to make certain you are abiding by all present local laws as it is very determined by your personal circumstances.

Can You Trade Cryptocurrencies In Saudi Arabia?

Cryptocurrency markets in Saudi Arabia are quite new. As Cryptocurrencies work on decentralised resources in Saudi Arabia things like interest rate changes and political instability do not affect them as far as the money markets.

Cryptocurrencies are more popular with the centuries and with growing income levels and technologies adoption, trading cryptocurrency in Saudi Arabia is rising day by day. It's still modest in comparison to the Forex markets but around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Saudi Arabia?

Commodities trading in Saudi Arabia includes trading in things like precious metals, energies and agricultural commodities.

Some commodities such as agricultural are seeing exponential growth inSaudi Arabia.

Fast growing economies like India have a significant need for many basic raw materials because of their population. It follows that countries like Saudi Arabia can take advantage of this circumstance.