The United Arab Emirates is a popular jurisdiction for forex brokers, with many forex brokers having a registered office in the Middle Eastern nation. However, forex brokers in the UAE are not always regulated with the same level of oversight as is normal in Europe or Australia. It’s also worth noting that the UAE has several “financial free zones” where different rules apply.
Sometimes, forex brokers in the UAE operate with only a “representative license” from the Central Bank of the UAE (CBUAE), while other times they are registered with the Dubai Financial Services Authority (DFSA).
The UAE has quickly grown to become a regional hub for trading in all financial markets, with forex trading being no exception. Partly because of the UAE’s very favorable tax policies, many independent forex traders are also using the country as their base.