🇸🇦Saudi Arabia Expert-reviewed Updated May 2026

Best Brokers in Saudi Arabia (2026)

12 top-rated brokers ranked for traders in Saudi Arabia. Every pick is independently scored on regulation, fees, platforms and markets — no paid placements.

Quick Answer

There are 89 regulated brokers available to traders in Saudi Arabia, led by Interactive Brokers (4.43/5). 12 of them hold tier-1 licences (FCA, ASIC, CySEC or equivalent). Average minimum deposit is $238. Forex trading in Saudi Arabia is regulated by the Capital Market Authority (CMA Saudi Arabia).

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Brokers available

12 of 12

Tier-1 regulated

$238

Avg min deposit

1:1,000

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Trading in Saudi Arabia

Saudi Arabia's financial markets are regulated by the Capital Market Authority (CMA), which licences domestic investment firms and enforces strict compliance with Islamic finance principles. International forex brokers operating for Saudi clients are not CMA-licensed but are widely used — Saudi traders typically prefer brokers regulated by FCA (UK), ASIC (Australia) or CySEC (EU). The Saudi riyal (SAR) is pegged to USD at 3.75, making USD accounts standard.

Islamic finance is foundational to Saudi Arabia's financial system — all retail financial products must comply with Sharia law. Swap-free forex accounts are the standard account type for Saudi traders, eliminating riba (overnight interest) from positions. Saudi traders tend to have higher average account balances and prioritise tight spreads, high-quality execution, and Arabic-language support. See our dedicated guide to the best Islamic forex brokers in Saudi Arabia.

Top 3 brokers in Saudi Arabia compared

Broker	Score	Regulated by	Spread from	Min deposit
Interactive Brokers	4.4/5	SEC	0.2 pips	None	Visit
Forex.com	4.4/5	FCA	0.8 pips	$100	Visit
IG Group	4.3/5	FCA	0.6 pips	$250	Visit

Top 12 Brokers in Saudi Arabia

Full ranking

How we chose: We evaluated 89 brokers available to traders in Saudi Arabia and ranked them by CMA compliance, trading fees, platform quality, and markets offered. Only brokers with verifiable regulation and segregated client funds were included. Scores are calculated by our independent rating algorithm — no broker pays for placement.

#1 Top Pick in Saudi Arabia

Interactive Brokers

4.4

Regulated: SEC, CFTC, FCA

Spread from: 0.2 pips

Min deposit: None

Markets: stocks, forex, cfd, indices

Advanced tools for professional traders Access to 150+ markets in 33 countries

Visit Interactive Brokers Full review

Forex.com

4.4

Regulated: FCA, CFTC, ASIC

Spread from: 0.8 pips

Min deposit: $100

Markets: forex, cfd, stocks, indices

Visit broker Read review

Fees Regulation Platforms

IG Group

4.3

Regulated: FCA, ASIC, MAS

Spread from: 0.6 pips

Min deposit: $250

Markets: cfd, forex, stocks, indices

Visit broker Read review

Fees Regulation Platforms

FxPro

4.1

Regulated: FCA, CySEC, ASIC

Spread from: 0.6 pips

Min deposit: $100

Markets: forex, cfd, stocks, indices

Visit broker Read review

Fees Regulation Platforms

Pepperstone

4.1

Regulated: ASIC, FCA, CySEC

Spread from: 0 pips

Min deposit: $200

Markets: forex, cfd, crypto, stocks

Visit broker Read review

Fees Regulation Platforms

OANDA

4.1

Regulated: FCA, CFTC, ASIC

Spread from: 0.6 pips

Min deposit: None

Markets: forex, cfd, indices, commodities

Visit broker Read review

Fees Regulation Platforms

City Index

4.1

Regulated: FCA, ASIC, MAS

Spread from: 0.5 pips

Min deposit: None

Markets: cfd, forex, stocks, indices

Visit broker Read review

Fees Regulation Platforms

CMC Markets

4.0

Regulated: FCA, ASIC, MAS

Spread from: 0.7 pips

Min deposit: None

Markets: cfd, forex, stocks, indices

Visit broker Read review

Fees Regulation Platforms

3.9

Regulated: CySEC, ASIC, FCA

Spread from: 0.6 pips

Min deposit: $5

Markets: forex, cfd, stocks, indices

Visit broker Read review

Fees Regulation Platforms

#10

Saxo Bank

4.0

Regulated: FCA, MAS, ASIC

Spread from: 0.4 pips

Min deposit: $2000

Markets: stocks, forex, cfd, indices

Visit broker Read review

Fees Regulation Platforms

#11

Plus500

4.0

Regulated: FCA, CySEC, ASIC

Spread from: 0.6 pips

Min deposit: $100

Markets: cfd, forex, stocks, indices

Visit broker Read review

Fees Regulation Platforms

#12

AvaTrade

4.0

Regulated: FCA, ASIC, MAS

Spread from: 0.9 pips

Min deposit: $100

Markets: forex, cfd, crypto, stocks

Visit broker Read review

Fees Regulation Platforms

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Compare top brokers in Saudi Arabia

All comparisons

Interactive Brokers vs Forex.com Interactive Brokers vs IG Group Interactive Brokers vs FxPro Forex.com vs IG Group

More rankings for Saudi Arabia

Best Stock Brokers in Saudi Arabia Best Crypto Exchanges in Saudi Arabia Best Forex Brokers in Saudi Arabia Best CFD Brokers in Saudi Arabia Islamic Brokers in Saudi Arabia

Risk warning: Trading CFDs and forex carries significant risk and may not be suitable for all investors. Ensure you understand the risks involved before depositing any funds. Capital is at risk.

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Frequently Asked Questions

Which broker is best for traders in Saudi Arabia?

Interactive Brokers is our top-rated broker available in Saudi Arabia with a BrokerRank score of 4.43/5, offering competitive fees, strong regulation, and a wide range of markets.

Who regulates forex trading in Saudi Arabia?

Forex trading in Saudi Arabia is regulated by the Capital Market Authority (CMA Saudi Arabia). Brokers operating in Saudi Arabia should hold a licence from CMA or an equivalent recognised regulator. International brokers regulated by FCA (UK), ASIC (Australia) or CySEC (EU) are also commonly used by traders in Saudi Arabia.

Is forex trading legal in Saudi Arabia?

Yes, forex trading is legal in Saudi Arabia and is regulated by the Capital Market Authority (CMA Saudi Arabia). Traders should use brokers that are licensed by CMA or hold equivalent international regulation to ensure legal protection and fund safety.

Are online brokers legal in Saudi Arabia?

Online forex and CFD trading is legal in Saudi Arabia when using a regulated broker. The primary regulator is Capital Market Authority (CMA Saudi Arabia). Always verify that the broker you choose holds a valid licence from a recognised financial regulator before depositing funds.

Is it safe to trade forex in Saudi Arabia?

Trading forex in Saudi Arabia is safe when you use a properly regulated broker. Choose a broker licensed by CMA, which requires client fund segregation, regular audits, and transparent pricing. Key safety measures include: keeping funds in segregated accounts, enabling two-factor authentication, and never investing more than you can afford to lose.

What should I look for in a broker as a trader in Saudi Arabia?

Key factors include CMA regulation or equivalent, local currency support to avoid conversion fees, competitive spreads, and a platform that suits your trading style. Our rankings above are filtered to brokers that accept clients from Saudi Arabia.

Do I need to pay tax on forex profits in Saudi Arabia?

Tax treatment of forex trading profits varies by country and individual circumstances. In Saudi Arabia, trading profits may be subject to capital gains tax, income tax, or other levies depending on your trading frequency and status. Consult a qualified tax advisor in Saudi Arabia for guidance specific to your situation. BrokerRank does not provide tax advice.

How do I compare brokers in Saudi Arabia?

Use BrokerRank's comparison tool to view any two brokers side-by-side across fees, regulation, platforms and markets. Visit /compare to build your own comparison.

What is the best forex broker in Saudi Arabia for beginners?

For beginner traders in Saudi Arabia, the best forex broker is one with a low minimum deposit, an intuitive platform, and strong educational resources. Interactive Brokers is our top-rated pick for Saudi Arabia overall. Look for brokers offering demo accounts, clear fee structures, and responsive customer support in your language.