Best Brokers With SAR Accounts 2025
Dig into our top brokers offering SAR accounts, based on thorough testing, designed to reduce conversion fees and optimize the trading experience for traders in Saudi Arabia.
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1Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6 Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.1 OKX is a reputable cryptocurrency company founded in 2017. It provides a wide array of services, including mining pools and NFTs. Traders can buy and sell over 400 crypto tokens through OTC trading and derivatives. OKX also offers a high-quality online platform, developer tools, and comprehensive charts, making it a preferred option for technical traders. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.0 Founded in 1996, Swissquote is a Swiss bank and broker offering online trading with three million products, including forex, CFDs, futures, options, and bonds. Known for its reliability, Swissquote has built a strong reputation with innovative trading solutions, such as being the first bank to offer crypto trading in 2017 and recently introducing fractional shares and the Invest Easy service.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
Cons
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Wide variety of account types for all experience levels, including Cent, Pro, and the new Raw Spread, ideal for traders.
- Exness was the first brokerage to reach monthly trading volumes of $1 trillion and $2 trillion, demonstrating its credibility.
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
Cons
- Retail trading services are not available in some areas, such as the US and UK, which limits access compared to leading brokers like Interactive Brokers.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader are not available yet, despite increasing demand from traders and their integration with other platforms like Pepperstone.
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
Why Trade With OKX?
OKX is a preferred choice for traders seeking new cryptocurrencies and projects for investment. Traders can benefit from its copy trading feature and automated bots.
Pros
- Traders can access past data for spot and futures markets, which includes open-high-low-close data, cumulative trades, and trading history.
- In 2025, OKX obtained a MiFID II license, allowing it to offer regulated derivatives products in Europe, ensuring confidence.
- Numerous blockchain offerings encompass DeFi services, NFTs, games and more than 400 existing and upcoming coins.
Cons
- Customer support quality varied during testing.
- The broker's platform and features might be hard to understand for new traders.
- The company provides minimal regulatory supervision, a typical feature among crypto trading platforms.
Why Trade With Swissquote?
Swissquote is a great option for active traders seeking a customizable platform, like its CXFD that includes Autochartist for automated chart analysis to assist trading decisions. However, its average fees and high $1,000 minimum deposit may be less accessible for beginners.
Pros
- Swissquote caters to fast trading strategies like scalping and high-frequency trading, offering 9ms average execution speeds, a 98% fill rate, and FIX API.
- Swissquote is highly trusted for being a bank, listed on the Swiss stock exchange, and authorized by FINMA in Switzerland, FCA in the UK, and CSSF in Luxembourg.
- Swissquote offers robust platforms for trading, including MetaTrader 4/5 and its proprietary CFXD (formerly Advanced Trader). These platforms provide customizable layouts, advanced charting tools, and technical indicators, all of which performed well in testing.
Cons
- Analysis indicates Swissquote has relatively high fees, with forex spreads starting at 1.3 pips on Standard accounts, whereas Pepperstone and IC Markets offer 0.0 pips. Transaction fees for non-Swiss stocks and ETFs can increase costs for frequent traders.
- Swissquote mainly serves professional and wealthy clients, requiring high minimum deposits like $1,000 for Standard accounts. This makes it less suitable for smaller traders, who might prefer brokers offering higher leverage and no minimum deposit.
- Unlike brokers like eToro, which offer social trading features, Swissquote lacks tools for community interaction or copying successful traders. This limits its appeal for those who value peer learning.
Filters
Understanding SAR Trading Accounts
A Saudi Riyal (SAR) trading account is where your trades and balance are in Saudi Arabia’s Riyal. For Saudi traders, it’s simple to manage these accounts, plus you’re storing funds in a stable, USD-linked currency.
Explore our top picks for brokers with SAR accounts, all personally tested by our team.
How Do We Pick the Best Brokers?
To find the top platforms offering SAR accounts, we:
- Looked through our strong database of online trading platforms.
- Focused on those with accounts in Saudi Riyals.
- Ranked them based on overall performance, using over 200 different data points and direct testing.
What is an Sauid Riyal (SAR) Account?
An SAR account is a trading account that manages your balance, trades, and transactions in Saudi Riyals. This avoid currency conversion costs and risks if you’re trading assets priced in SAR, like those on Saudi markets.
With an SAR account, your profit and loss statements are also in SAR, which makes it easier if you’re based in Saudi Arabia.
Do You Need an SAR Trading Account?
Consider an SAR account if:
- You live in Saudi Arabia and prefer to manage money in SAR, as it’s more cost-effective to keep accounts in your local currency.
- You actively trade in regional markets like Middle Eastern oil stocks, as SAR is closely linked to oil prices.
- You are an international trader wanting to diversify by holding funds in a stable currency pegged to the USD.
How to Check If a Broker Offers Saudi Riyals?
Follow these steps to find out if a broker supports SAR accounts, which is what we did:
- Visit the broker’s website and move to the account types page to see available base currencies.
- Make sure ‘SAR’ is listed as a currency option for Saudi Arabia.
- Sign up for an account and select ‘SAR’ as your currency of choice.
If possible, first open a demo account in SAR to see transactions and fees in Riyals.
Pros & Cons of SAR Trading Accounts
Pros
- For Saudi clients, fewer currency conversion fees, which is great for frequent traders.
- The SAR’s peg to the USD, combined with Saudi Arabia’s control over oil supply, keeps it stable, offering some protection against currency swings.
- Brokers with SAR accounts often have features catering to Saudi traders, like local customer support and Islamic accounts (found at Exness).
Cons
- SAR accounts are rare, making up less than 1% of brokers we’ve checked, which limits your options for high-quality platforms.
- Stocks on the Tadawul Saudi Stock Exchange are not commonly available through most brokers, which can be a downside for those wanting to trade local stocks.
- Trading global assets, like US stocks, might incur conversion fees if your account is in SAR. For instance, IG charges 0.8%.
FAQ
Which is the Best Broker for an SAR Account?
Check out our ranking of the best trading platforms with SAR accounts, rigorously tested by our experts.
What is the Cost of Opening a Trading Account in Saudi Riyals?
Our tests show you typically need up to 250 USD (about 937 SAR) to start a live trading account. However, some beginner-friendly brokers, like Exness, allow you to start with as little as 10 USD (around 37 SAR).