Between September 1 and September 30, 2024, the Dubai market saw a comprehensive evaluation of 28 brokers, focusing on the average spreads of three key trading pairs: EURUSD, GBPUSD, and XAUUSD. This data, while specific to Dubai, holds relevance for traders in the Middle East, North Africa, West Asia, and nearby regions.
NO.1: AUS Global,the average spreads of EURUSD, GBPUSD and XAUUSD are 2.2,8,5.9 points respectively;
NO.2: Pepperstone,the average spreads of EURUSD, GBPUSD and XAUUSD are 10.5,13.2,15 points respectively;
NO.3: VT Markets,the average spreads of EURUSD, GBPUSD and XAUUSD are 1.9,1.8,7.6 points respectively。
The following is a comparison chart of spreads of 3 currency pairs provided by 28 brokers
(Unit: points)
(Note: Swissquote cannot be linked to obtain data due to frequent drop-outs.)
The following is a chart of average spreads of EURUSD currency pairs on 28 brokers↓↓↓
The following is a chart of average spreads of GBPUSD currency pairs on 28 brokers↓↓↓
The following is a chart of average spreads of XAUUSD currency pairs on 28 brokers↓↓↓
This spread analysis reveals that brokers such as AUS Global,Pepperstone, and VT Markets offer the most stable and competitive spreads across major trading pairs in the Dubai market. Conversely, platforms like FxPro, WeTrade, and Anzo Capital exhibit significantly higher spreads, which may lead to higher trading costs for investors. Traders in the Middle East, North Africa, and surrounding regions should consider these findings when selecting a broker for their trading activities.
For more comprehensive evaluation data, please check the BV assessment column.