Best Forex Brokers in Oman

Forex Trading in Oman

Just like other parts of the world, forex trading is popular in Oman as well. Despite no restrictions on currency trading and permission to use high leverage, there are no forex brokers based in Oman. However, traders can choose to sign up with international brokers for online forex trading. In this piece, we discuss how to select the best forex brokers in Oman.

XM
TradingDominance Score™: 99 / 100
XM Financial Instruments
Forex
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Social Trading
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Bonuses
Variable Spread
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
Micro Account
  • Commision: No Commision
  • Maximum Leverage: 1:888
  • Typical Spread: 1.8-2.1
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 5
  • Minimum Trade Size: 0.01 Lots (MT4)* - 0.1 Lots (MT5)
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Standard Account
  • Commision: No Commission
  • Maximum Leverage: 1:888
  • Typical Spread: 1.8-2.1
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 5
  • Minimum Trade Size: 0.01 Lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
XM Ultra Low Account
  • Commision: No Commission
  • Maximum Leverage: 1:888
  • Typical Spread: 0.06
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 50
  • Minimum Trade Size: Standard Ultra: 0.01 Lots - Micro Ultra: 0.1 Lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
XM Zero
  • Commision: $3.5 Per Lot Per 100K USD Traded
  • Maximum Leverage: 1:888
  • Typical Spread: 0-0.1
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Shares Account
  • Commision: Yes
  • Maximum Leverage: NO Leverage
  • Typical Spread: As per the underlying exchange
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 1 Lot
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: Yes
Regulators
Australia - AU ASIC
Cyprus - CY CYSEC
Belize (IFSC)
Dubai (DFSA)
Information:
Company NameXM
Year Funded2009
HeadquartersCyprus, Belize and Australia
Office Locations Cyprus, Belize and Australia
Client Funds Bank(s)Investment Grade Banks
Account CurrencyAUD, CHF, EUR, GBP, JPY, SGD, USD, ZAR, HUF, PLN, RUB
Support Languages Arabic, English, French, German, Indonesian, Greek, Italian, Polish, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Hindi and Urdu, Chinese, Czech, Turkish, Ukrainian, Bulgarian, Hungarian, Romanian
Funding MethodsBank Wire, Neteller, Skrill, Credit Card, WebMoney
Financial Instruments Forex, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️
Interactive Brokers
Interactive Brokers Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Futures
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Accepts Japanese Clients
Accepts Canadian Clients
Trading API
Trailing Stops
Interest on Margin
Variable Spread
ECN Account
Allows hedging
Offers STP
ECN or STP Execution
Account Type
Information
IBKR Lite
  • Commision: Free
  • Maximum Leverage: 1:40
  • Typical Spread: 0.1 pips
  • Mobile Platform: IBKR Mobile
  • Trading Platform: Client Portal, Trader Workstation (TWS), IBKR Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 0
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: No
IBKR PRO
  • Commision: Fixed or Tiered Pricing
  • Maximum Leverage: 1:40
  • Typical Spread: 0.1 pips
  • Mobile Platform: IBKR Mobile
  • Trading Platform: Client Portal, Trader Workstation (TWS).
  • Spread Type: Variable Spread
  • Minimum Deposit: 0
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: No
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
USA - USAsec
Canada (IIROC)
Singapore - MAS
USA - (FINRA)
Ireland - (CBI)
Austria - (CSSF)
Hungary - (MNB)
India - (BSE)
Japan - (FSA)
Information:
Company NameInteractive Brokers
Year Funded1978
HeadquartersUSA
Office Locations USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China, Luxembourg, Singapore, Ireland and Estonia.
Client Funds Bank(s)
Account CurrencyAUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD, ZAR, HUF, PLN, RUB, DKK, SEK, NOK, CZK, MXN, ILS
Support Languages English, French, German, Italian, Russian, Spanish, Japanese, Chinese
Funding MethodsBank Wire, BPAY
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Futures, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts
Accepts Canadian clients ✔️
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin ✔️
Fixed spread
Variable spread✔️
Pepperstone
TradingDominance Score™: 95 / 100
Pepperstone Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Social Trading
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
Allows hedging
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
The Edge Standard Account
  • Commision: $0
  • Maximum Leverage: 1:500
  • Typical Spread: 1 Pip
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Edge Razor Account
  • Commision: $3.50 per $100,000 Trading Volume.
  • Maximum Leverage: 1:500
  • Typical Spread: 0.0
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Edge Swap-Free Account
  • Commision: $0
  • Maximum Leverage: 1:500
  • Typical Spread: 1 to 1.2 pips
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01 Lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Edge Active Traders Account
  • Commision: $0
  • Maximum Leverage: 1:500
  • Typical Spread: 0 pips
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Cyprus - CY CYSEC
Dubai (DFSA)
Bahamas - (SCB)
Germany - (BaFin)
Kenya - (CMA)
Information:
Company NamePepperstone
Year Funded2010
HeadquartersAustralia
Office Locations London, Bangkok, and Dallas
Client Funds Bank(s)
Account CurrencyAUD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD
Support Languages Arabic, English, French, Italian, Polish, Chinese
Funding MethodsBank Wire, Neteller, Skrill, PayPal, Credit Card, FasaPay, China Union, Qiwi, Poli, BPay
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread
Variable spread✔️
IG
TradingDominance Score™: 95 / 100
IG Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Futures
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
Allows hedging
ECN or STP Execution
VPS Trading
Offers MT4
Account Type
Information
CFD Trading Account
  • Commision: $0
  • Maximum Leverage: 1:50
  • Typical Spread: 0.8 pips
  • Mobile Platform: IG Trading Platform, MT4 Mobile, IG PWA
  • Trading Platform: IG Trading Platform, MT4, ProRealTime (PRT), L2 Dealer
  • Spread Type: Variable Spread
  • Minimum Deposit: 250
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Professional Account
  • Commision: $0
  • Maximum Leverage: 1:50
  • Typical Spread: 0.8 pips
  • Mobile Platform: IG Trading Platform, MT4 Mobile, IG PWA
  • Trading Platform: IG Trading Platform, MT4, ProRealTime (PRT), L2 Dealer
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Dubai (DFSA)
USA - (CFTC)
Singapore - MAS
Bahamas - (SCB)
Germany – (BaFin)
Switzerland – (FINMA)
USA – (NFA)
New Zealand – (FMA)
Japan – (FSA)
Information:
Company NameIG
Year Funded1974
HeadquartersUnited Kingdom
Office Locations Denmark, Deutschland, Spain, France, Ireland, Italy, Luxembourg, Nederland, Norge, Österreich, Portugal, Romania, Russia, United Kingdom, United States, Australia, Singapore, South Africa, United Arab Emirates
Client Funds Bank(s)
Account CurrencyAUD, EUR, GBP, SGD, USD, HKD
Support Languages Arabic, English, French, German, Italian, Portuguese, Russian, Korean, Japanese, Chinese, Swedish
Funding MethodsBank Wire, PayPal, Credit Card
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Futures, Shares, Indices, Precious Metals
24 hour support
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread
Variable spread✔️
NAGA
TradingDominance Score™: 95 / 100
NAGA Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Social Trading
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Trading API
Trailing Stops
Bonuses
Variable Spread
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
Offers MT4
Offers MT5
Account Type
Information
Iron Trader
  • Commision: Stock CFDs (0,20%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EUR/USD 2.5)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 250
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Bronze Trader
  • Commision: Stock CFDs (0,20%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EUR/USD 2.3)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 2500
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Silver Trader
  • Commision: Stock CFDs (0,20%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EURUSD 1.9)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 5000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Gold Trader
  • Commision: Stock CFDs (0,10%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EURUSD 1.7)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Diamond Trader
  • Commision: Stock CFDs (0,10%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Platinum Spreads (0.9 on EURUSD)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lot
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Crystal Trader
  • Commision: Stock CFDs (0,10%)
  • Maximum Leverage: 1:1000
  • Typical Spread: VIP Spreads (0.7 on EURUSD)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Cyprus - CY CYSEC
Information:
Company NameNAGA
Year Funded2005
HeadquartersCyprus
Office Locations South Africa, Mexico, Peru, Indonesia, India, Thailand, Malaysia, Vietnam, and New Zealand.
Client Funds Bank(s)
Account CurrencyEUR, USD
Support Languages English, German, Indonesian, Italian, Polish, Portuguese, Spanish, Vietnamese, Thai, Chinese, Czech, Hungarian
Funding MethodsBank Wire, Neteller, Skrill, Bitcoin, Credit Card, Ethereum, Dash, Bitcoin Cash, NAGA Coin, Litecoin, Sofort, Giropay, EPS, iDeal, p24, Trustly
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️
NSBroker
TradingDominance Score™: 95 / 100
NSBroker Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Oil and Energies
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Accepts Canadian Clients
Scalping Allowed
Trailing Stops
Interest on Margin
Variable Spread
ECN Account
Allows hedging
Offers MT5
Account Type
Information
Real Account
  • Commision: 0.05
  • Maximum Leverage: 1:100
  • Typical Spread: Floating from 0.02
  • Mobile Platform: MT5 Mobile
  • Trading Platform: MT5 Desktop, MT5 Webtrader
  • Spread Type: Floating Spread
  • Minimum Deposit: 250
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Malta - MFSA
Germany - Bafin
France - ACP
Spain - CNMV
Denmark - FINANSTILSYNET
Italy - Consob
Information:
Company NameNSBroker
Year Funded2011
HeadquartersValetta, Malta
Office Locations Valetta, Malta
Client Funds Bank(s)PWC, Bank of Valetta, Bank of Cyprus
Account CurrencyEUR, GBP, USD
Support Languages English, German, Polish, Russian
Funding MethodsBank Wire, Neteller, Skrill, Visa, MasterCard
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Oil and Energies, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients ✔️
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin ✔️
Fixed spread
Variable spread✔️
Exness
TradingDominance Score™: 94 / 100
Exness Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Indices
Precious Metals
Other Features
Cent Accounts
Negative Balance Protection
Social Trading
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Scalping Allowed
Trading API
Trailing Stops
Bonuses
Variable Spread
ECN Account
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
Standard
  • Commision: No trading commission
  • Maximum Leverage: 2000:1
  • Typical Spread: 0.2-1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 1
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Standard Cent
  • Commision: No trading commission
  • Maximum Leverage: Unlimited
  • Typical Spread: 0.2-1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 1
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Raw Spread
  • Commision: Up to 3.5 USD
  • Maximum Leverage: 1:2000
  • Typical Spread: 0
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Zero
  • Commision: From 3.5 USD
  • Maximum Leverage: 1:Unlimited
  • Typical Spread: 0
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Pro
  • Commision: No trading commission
  • Maximum Leverage: 1:2000
  • Typical Spread: From 0.1
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
United Kingdom - UK FCA
Cyprus - CY CYSEC
South Africa - ZA FSCA
The Seychelles FSA
Information:
Company NameExness
Year Funded2008
HeadquartersNetherland, Seychelles
Office Locations Netherland, Seychelles
Client Funds Bank(s)Top Grade Investment Banks
Account CurrencyAUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD, ZAR, HUF, PLN, RUB, DKK, SEK, RON, NOK, IDR, CZK, CNY, MXN, TRY, GOLD, SILVER, AED, ARS, AZN, DHD, BND, BRL, CLP, COP, DZD, GEL, GHS, ILS, IRN, JOD, KES, KRW, KZT, LBP, LKR, MAD, MYR, NGN, NDZ, OMR, PHP, QAR, SAR, SYP, THB, TND, TWD, UGX, UAH
Support Languages Arabic, English, French, Indonesian, Malay, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Japanese, Bengali, Hindi and Urdu, Chinese
Funding MethodsBank Wire, Neteller, Skrill, Bitcoin, Credit Card, Tether, WebMoney, Perfect Money
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts ✔️
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️
Saxo Markets
TradingDominance Score™: 94 / 100
Saxo Markets Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Futures
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Accepts Japanese Clients
Scalping Allowed
Trading API
Trailing Stops
Interest on Margin
Variable Spread
Account Type
Information
Classic
  • Commision: Variable Commission
  • Maximum Leverage: 30:1
  • Typical Spread: 1.1 pips
  • Mobile Platform: Investor App
  • Trading Platform: SaxoTraderGo, SaxoTraderPro
  • Spread Type: Variable Spread
  • Minimum Deposit: 2000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Platinum
  • Commision: Variable Commission
  • Maximum Leverage: 30:1
  • Typical Spread: 1.0 pips
  • Mobile Platform: Investor App
  • Trading Platform: SaxoTraderGo, SaxoTraderPro
  • Spread Type: Variable Spread
  • Minimum Deposit: 200000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
VIP
  • Commision: No commission
  • Maximum Leverage: 30:1
  • Typical Spread: 0.8 pips
  • Mobile Platform: Investor App
  • Trading Platform: SaxoTraderGo, SaxoTraderPro
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Singapore - MAS
Hong Kong - (SFC)
Information:
Company NameSaxo Markets
Year Funded1992
HeadquartersDenmark
Office Locations UK, Singapore, Denmark, Australia, Hong Kong, China, India, Japan, France, Italy, Czech Republic, Switzerland, Netherland, Dubai
Client Funds Bank(s)N/A
Account CurrencyAUD, EUR, GBP, JPY, USD, PLN, CZK
Support Languages Arabic, English, French, German, Italian, Polish, Portuguese, Russian, Spanish, Korean, Japanese, Chinese, Norwegian, Persian, Dutch, Slovak
Funding MethodsBank Wire, Credit Card, Debit Card, VISA, Master Card, Maestro, Union Pay
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Futures
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin ✔️
Fixed spread
Variable spread✔️
Admiral Markets
Admiral Markets Financial Instruments
Forex
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
Allows hedging
Offers STP
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
Zero
  • Commision: Forex & Metals - from $1.8 to $3.0 per lot, Cash Indices - from $0.05 to $3.0 per 1.0 lots, Energies - $1 per lot
  • Maximum Leverage: Retail Clients: 1:30 - 1:20, Professional Clients: 1:500 - 1:10
  • Typical Spread: 0.0 pips
  • Mobile Platform: MT4 Mobile, Admiral Markets Mobile
  • Trading Platform: MT4, MT5, Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
Trade
  • Commision: Share & ETF CFDs - $0.02 per share, No commission on other Instruments
  • Maximum Leverage: Retail Clients: 1:30 - 1:20, Professional Clients: 1:500 - 1:10
  • Typical Spread: From 0.5 pips
  • Mobile Platform: MT4 Mobile, Admiral Markets Mobile
  • Trading Platform: MT4, MT5, Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Invest
  • Commision: Share & ETF CFDs - $0.02 per share, No commission on other Instruments
  • Maximum Leverage: None
  • Typical Spread: From 0 pips
  • Mobile Platform: MT4 Mobile, Admiral Markets Mobile
  • Trading Platform: MT4, MT5, Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 1
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Cyprus - CY CYSEC
Information:
Company NameAdmiral Markets
Year Funded2001
HeadquartersTallin, Estonia
Office Locations UK, Cyprus, Australia
Client Funds Bank(s)Prudential Authority Regulated Banks
Account CurrencyCHF, EUR, GBP, USD, HUF, PLN, RON, CZK, BGN, HRK
Support Languages Arabic, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Bengali, Chinese, Bulgarian, Croatian, Estonian, Lithuanian, Romanian, Dutch, Latvian, Magyar, Cestina, Slav, Bahasa Indonesia, Hindi, Khmer
Funding MethodsBank Wire, Skrill, Credit Card, Debit Card, Klarna, Visa, Mastercard, SafetyPay, Przelewy, iBank , BankLink, iDEAL
Financial Instruments Forex, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread
Variable spread✔️
FxPro
TradingDominance Score™: 92 / 100
FxPro Financial Instruments
Forex
Cryptocurrencies
Commodities
Oil and Energies
Gold
Futures
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Scalping Allowed
Trailing Stops
Fixed Spread
Variable Spread
Allows hedging
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
FxPro MT4
  • Commision: NO
  • Maximum Leverage: (Retail) 1:200, (Professional) 1:500
  • Typical Spread: 1.71
  • Mobile Platform: MT4 Mobile
  • Trading Platform: MT4, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
FxPro MT4 Instant
  • Commision: NO
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 1.84
  • Mobile Platform: MT4 Mobile
  • Trading Platform: MT4, WebTrader
  • Spread Type: Fixed, Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
cTrader
  • Commision: $45.00 Per Side Per 1 Million USD Traded
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 0.31
  • Mobile Platform: cTrader Mobile
  • Trading Platform: cTrader, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
FxPro Edge MT4
  • Commision: NO
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 1.71
  • Mobile Platform: FxPro Mobile App
  • Trading Platform: MT4, FxPro Edge web
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
FxPro MT5
  • Commision: NO
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 1.65
  • Mobile Platform: MT5 Mobile
  • Trading Platform: MT5
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Regulators
United Kingdom - UK FCA
Cyprus - CY CYSEC
South Africa - ZA FSCA
Bahamas - (SCB)
Information:
Company NameFxPro
Year Funded2006
HeadquartersUK, Cyprus & Bahamas.
Office Locations UK, Cyprus & Bahamas.
Client Funds Bank(s)Bank of America, Barclays Bank, Royal Bank of Scotland
Account CurrencyAUD, CHF, EUR, GBP, JPY, USD, ZAR, PLN
Support Languages Arabic, English, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Japanese, Chinese, Czech, Bulgarian, Croatian, Danish, Estonian, Finnish, Hungarian, Lithuanian, Norwegian, Romanian, Swedish
Funding MethodsBank Wire, Neteller, Skrill, PayPal, Credit Card, China Union
Financial Instruments Forex, Cryptocurrencies, Commodities, Oil and Energies, Gold, Futures, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread✔️
Variable spread✔️

How to choose the Best Forex Broker in Oman

1) Check broker’s reputation

It is essential to check the broker’s reputation before opening an account with it. A broker with a good reputation ensures the best practices and remains fair while dealing with its clients. That means you can rest assured about funds security and instant order processing with a reputed broker. You can check the reputation of your prospective broker with different independent review websites, such as Trust Pilot. Personal references and clientele feedback may also help you decide if you can trust a broker or not.

2) Check the regulation of a broker

There is no harm in cross-checking a broker who claims to have been authorized by a specific regulatory authority. Regulation makes brokers follow certain SOPs. For example, regulated brokers need to maintain enough capital funds to ensure liquidity. Also, regulated brokers are required by law to keep clients’ funds in segregated bank accounts and ensure the security of clients’ confidential information. The main forex regulatory bodies in Oman include;

  1. The Bank of Oman
  2. Capital Market Authority Sultanate of Oman

However, clients are not required to sign-up with the locally regulated brokers only.

3) Check deposit and withdrawal process

Do not forget to check the time your broker takes to process your deposits and withdrawals. Some brokers accept payments fast but fail to release your funds on time. Therefore, try making smaller deposits with your prospective broker and place funds withdrawal requests with them.

4) Select a broker who is serving the industry for more than three years.

Try to sign up with a well-established broker. That means a broker who has been in the industry for at least three years or more. Opening an account with a novice broker always carries excessive risk. In addition to the security of funds, you also don’t know whether a broker is likely to be a going concern or not. A low-standard broker may not survive the market ups and downs for more than a couple of years.

5) International Presence

A broker with an international presence is likely to be more competent than a broker serving domestically. To continue operations across the border, a broker passes through various security and regulatory checks. Therefore, if your broker holds multiple regulations, then it can be the right choice.

6) Customer support

A company cannot prosper without considering clientele feedback. Reputable brokers consider customer support as an integral part of their services. Try to communicate with the customer support staff of your prospective brokers to check their professionalism. Remember, you will need to contact customer support concerning different issues. Therefore, a broker with poor customer service is not worth your investment.

Best Forex Brokers In Oman

  • XM – It offers low spreads
  • Exness -Low Spreads and Reliable broker
  • HYCM – It offers swap-free Islamic accounts
  • AvaTrade – It offers multiple trading tools and indicators
  • Easy Markets – It holds multiple regulations

How did we select the best forex brokers in Oman?

Given below are some factors that we considered while searching for the best forex brokers in Oman

1) Checked regulation

We have verified the regulation status of all the brokers listed above. It took us a couple of days to confirm if these brokers are genuinely authorized by different regulatory bodies around the world. After finding the company’s registration numbers from web portals of brokers we cross-checked them on the concerned regulatory authority’s websites and found that all of the brokers listed above hold a valid license.

2) Confirmed reputation

We have also confirmed the reputation of each of the brokers listed above. We searched for information about our listed brokers on the internet. Besides reading customer reviews on Reddit and Quora, we also checked the rating of our listed brokers with independent review websites such as ForexPeaceArmy and TrustPilot. We ensured not to include any over-rated broker in the list of our best forex brokers in Oman.

3) Checked deposit and withdrawal

We have also checked the lead time each broker takes to process payments. We deposited different amounts with our brokers and initiated withdrawal requests subsequently. We experienced prompt services from all our listed brokers. Our brokers do not only process payments fast but also fee competitive processing fee. .

4) Checked services and features

Realizing our responsibility to provide you with correct information, we checked different services and features of our listed brokers, such as spread, leverage, available account types, trading tools, and indicators. We found our brokers are quite competitive in every aspect.

5) Checked trading platforms

We also checked the trading platforms of our listed brokers. We wanted to see how easy it is for newbies to navigate through these trading platforms. We also confirmed if our brokers’ trading platforms have all the necessary tools available required for successful trading. Honestly, all our brokers offer user-friendly intuitive trading platforms and have all basic and advanced trading tools available.

6) Checked mobile trading platforms

We also checked mobile trading platforms with each of our listed brokers and found them as effective as a desktop or web-trading platform. Using mobile trading platforms offered by our listed brokers, traders can access the market on their mobile screens. Clients can download supported versions of the mobile trading platforms from Google Play Store and App Store on their mac and android based mobile phones.

7) Contacted customer support

We also interacted with the customer support staff of our listed brokers. Not only we asked several queries but also logged a couple of complaints. We wanted to check how long our brokers would take to respond to our queries and resolve our complaints. We were happy to see our listed brokers have professional customer support staff. We received a proper resolution to our queries and complaints within the stipulated time.

Forex Brokers in Oman– FAQs

Is forex trading legal in Oman?

Yes, forex trading is legal in Oman.

Do forex traders pay tax in Oman?

No, traders do not have to pay taxes on their forex earnings in Oman.

Who regulates forex trading in Oman?

The Capital Market Authority Sultanate of Oman regulates forex trading in Oman.

How many forex traders are there in Oman?

Information concerning the exact number of traders in Oman is not available on the internet.

Can Oman residents sign up with a forex broker from abroad?

Yes, they can. Oman doesn’t hold any restriction for its residents to sign up with international brokers.

Conclusion

Despite having the least regulatory restrictions and no tax implications, the numbers of forex brokers having physical offices in the country are near to none. Therefore, traders have to rely upon international forex brokers. You can consider any of the brokers listed above since they are the best forex brokers in Oman.