Best Forex Brokers Qatar 2023
Here are the best forex brokers accepting residents of Qatar as clients.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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IG
- 9.9/10 Overall
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FOREX.com
- 9.3/10 Overall
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XTB
- 9/10 Overall
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AvaTrade
- 8.6/10 Overall
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Plus500
- 8.5/10 Overall
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Capital.com
- 8.4/10 Overall
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XM Group
- 8.4/10 Overall
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Admiral Markets
- 8.3/10 Overall
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Markets.com
- 8.2/10 Overall
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Tickmill
- 7.9/10 Overall
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BlackBull Markets
- 7.9/10 Overall
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HFM
- 7.7/10 Overall
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HYCM (Henyep)
- 7.7/10 Overall
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Eightcap
- 7.6/10 Overall
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ThinkMarkets
- 7.4/10 Overall
Minimum Initial Deposit
£250.00 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.86 (September 2022) |
All-in Cost EUR/USD - Active | 0.5957 (September 2022) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.0 (July 2022) |
All-in Cost EUR/USD - Active | 1.0 (July 2022) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$0 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.07 (Q3 2022) |
All-in Cost EUR/USD - Active | 1.04 (Q3 2022) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.91 (Aug 2020) |
All-in Cost EUR/USD - Active | 0.61 (Aug 2020) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
€100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.6 (as of Aug 2018) |
All-in Cost EUR/USD - Active | N/A |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$20 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Average Risk |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.6 (July 2021) |
All-in Cost EUR/USD - Active | 0.6 (July 2022) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$5 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.6 (Aug 2020) |
All-in Cost EUR/USD - Active | 0.8 (Aug 2021) |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 0.8 (July 2021) |
All-in Cost EUR/USD - Active | 0.7 (July 2021) |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Minimum Initial Deposit
$100 |
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted |
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard | 1.9 (as of Oct 2019) |
All-in Cost EUR/USD - Active | 1.9 (as of May 2019) |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Here are some additional brokers worth checking out.
AvaTrade
AvaTrade are a client-focused broker with over 10 years of experience in the trading industry. They are a multinational company with regional offices all over the world. The company's website is available in more than 15 languages, including a dedicated website in Arabic, making them a suitable choice of broker for clients from Qatar. Traders opening an account through the Arabic website are provided products through AVA Trade Ltd, which is authorised by the British Virgin Islands Financial Services Commission.
AvaTrade offers its customers access to over 250 financial instruments including cryptocurrencies, stocks, shares, indices, bonds, and commodities. An additional noteworthy feature of AvaTrade is that it offers Islamic accounts for its customers based in Muslim countries such as Qatar. These accounts are free of any interest-based fees as the Islamic faith does not permit interest-based fees or transactions.
The company's website offers a wealth of educational resources for traders such as educational videos, articles, eBooks, market indicators, and webinars. A free 21-day demo account is also available, enabling traders to practice their skills and to get familiar with AvaTrade's platforms. AvaTrade globally accepts two payment methods, namely wire transfer (minimum 500 EUR/USD/GBP/AUD) and debit/credit card (minimum of just 100 EUR/USD/GBP/AUD).
Plus500
Plus500 is an advanced trading platform that is a trademark of Plus500 Ltd. company and operates through its subsidiaries. They are one of the top providers contracts for difference (CFDs) on multiple asset classes including forex and shares in the UK, and are regulated by the Cyprus Securities & Exchange Commission (CySEC) as well as the Financial Conduct Authority (FCA) in the UK, among a wide range of other jurisdictions. Plus500 holds client funds in segregated bank accounts in accordance with the client fund rules of the Cyprus Securities and Exchange Commission (CySEC). With over 2000 instruments in their portfolio such as commodities, currencies, stocks, and options, Plus500 are considered to be a rapidly expanding company.
Trading can be done not only through a web-browser, but also through Plus500's powerful apps which can be downloaded from the Apple App Store and on Google Play. The apps are easy to use, yet still contain many advanced features which can help the trader make informed decisions. Just some of the features available include guaranteed stop loss and Take Profit limits, Clients from Qatar have access to an Arabic version of the website, which allows them to access information about the account and the different markets available.
The Plus500 platform can also have Arabic selected as the primary language, making Plus500 a suitable broker for traders from Qatar. Traders can choose their base currency, but are required to set this up by contacting the customer support team before conducting their first trades on their live account.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
XTB
XTB are the international subsidiary of the XTB Group. Based in Belize, they are licensed by the International Financial Services Commission (IFSC) to provide their brokerage services around the world. Starting as a pioneering Forex broker in Poland in 2002, they now have offices in 13 different countries, including France, Spain, Italy, Portugal and the Czech Republic.
Amongst the financial supervisory authorities that the group are accountable to, are the Financial Conduct Authority (FCA), BaFin (Federal Financial Supervisory Authority), and the Polish Financial Supervisory Authority (KNF). An international version of the XTB website is provided for clients from Qatar, which is in English, and allows traders to select from two different types of account. Accounts can be opened in US dollars, using transfers from bank accounts, or deposits made via debit/credit card. ePayments such as Neteller and Skrill are also available for international clients.
The standard's MetaTrader 4 platform is provided as an option for traders, however XTB also offer their own proprietary trading software. xStation 5 has recently won an award for being the "Best Trading Platform 2016". It offers an array of powerful features that clients can access from their desktop computers - Macs and PCs, or from their mobile devices - including tablets, phones, and even smartwatches. The platform settings allow clients to choose the most appropriate language and the user interface is customisable so traders can feel comfortable with its appearance.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
Marcus Taylor
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.