Dubai Spread Ranking for September 2024: A Comparative Review of 28 Brokers

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.

Top 3 Brokers by Average Spread

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.）

EURUSD Spread Analysis

The following is a chart of average spreads of EURUSD currency pairs on 28 brokers↓↓↓

Top brokers with stable spreads:

• IC Markets: Average spread of 0.3 points, with the worst spread of 103 points.
• Tickmill: Average spread of 0.4 points, with the worst spread of 100 points.
• VT Markets: Average spread of 1.9 points, with the worst spread of 157 points.

Brokers with the largest spreads:

• FXTM: Average spread of 18 points, with the worst spread of 70 points.
• WeTrade: Average spread of 18.9 points, with the worst spread of 118 points.
• FPG: Average spread of 100 points, with the worst spread of 111 points.

GBPUSD Spread Analysis

The following is a chart of average spreads of GBPUSD currency pairs on 28 brokers↓↓↓

Top brokers with stable spreads:

• IC Markets: Average spread of 1.6 points, with the worst spread of 171 points.
• VT Markets: Average spread of 1.8 points, with the worst spread of 200 points.
• Tickmill: Average spread of 2.6 points, with the worst spread of 200 points.

Brokers with the largest spreads:

• MHMarkets: Average spread of 19.8 points,with the worst spread of 114 points.
• WeTrade: Average spread of 22.7 points, with the worst spread of 241 points.
• Windsor Brokers: Average spread of 27 points, with the worst spread of 453 points.

XAUUSD Spread Analysis

The following is a chart of average spreads of XAUUSD currency pairs on 28 brokers↓↓↓

Top brokers with stable spreads:

• AUS Global: Average spread of 5.9 points, with the worst spread of 190 points.
• IC Markets: Average spread of 6.6 points, with the worst spread of 50 points.
• VT Markets: Average spread of 7.6 points, with the worst spread of 20 points.

Brokers with the largest spreads:

• FxPro: Average spread of 35 points, with the worst spread of 578 points.
• Alpari International: Average spread of 42.4 points, with the worst spread of 300 points.
• FXTM: Average spread of 42.4 points, with the worst spread of 300 points.

Conclusion

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.