Brokers not authorised by the CMA in Saudi Arabia

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (58 of 80 counts · 77 brokers onboarding Saudi residents)

58of 80
qualify for this ranking
72% of 80
51of 58
scored on all six axes
88% of 58
70of 80
publish a price
88% of 80
58of 80
publish a leverage figure for this country
72% of 80

Top 3 (of 3 ranked)

Brokers not authorised by the CMA in Saudi Arabia (58 of 80)

By slice score, formula v1.0. · 58 of 77 brokers in this ranking · all 58
#BrokerRound turn, USDSAMin deposit, USDSALeverageWithdrawal, hSAScoreExecutionFoundedFunding
1510 group500SA0.254.14ECN/raw + standard20062 methods
26—2000SA0.174.13ECN/raw + standard20043 methods
34.80 group500SA14.03ECN/raw + standard20174 methods
4650 group3000SA244.03ECN/raw + standard20092 methods · local
5925 group1000SA34.01ECN/raw + standard20112 methods · local
67—3000SA244.01ECN/raw + standard20073 methods
76—3000SA244.01ECN/raw + standard20092 methods · local
86—500SA724ECN/raw + standard20052 methods · local
99——stated, not verified0.023.99ECN/raw + standard20082 methods · local
107100 group400SA—3.98ECN/raw + standard20013 methods · local
117—500SA23.97ECN/raw + standard20101 methods
12210 group500 groupSA483.97ECN/raw + standard1990—
1360 group500SA723.92ECN/raw + standard20144 methods · local
146—500SA483.89ECN/raw + standard20053 methods · local
15550 group500SA243.88ECN/raw + standard20052 methods · local
1670 group1000SA243.88ECN/raw + standard20133 methods · local
176——stated, not verified243.88Standard20112 methods · local
1875 group500 groupSA243.86ECN/raw + standard20073 methods · local
19650 group1000SA243.84ECN/raw + standard2018—
206—500 groupSA483.84ECN/raw + standard20063 methods · local
216——stated, not verified483.8ECN/raw + standard1998—
229100 group400SA483.76Standard20063 methods · local
236—500SA243.75ECN/raw + standard20012 methods
247——stated, not verified483.75ECN/raw + standard2016—
257—1000SA243.74ECN/raw + standard2010—
267—1000SA243.73ECN/raw + standard2014—
279.2—500SA243.71ECN/raw + standard20104 methods · local
286—500SA1203.69ECN/raw + standard20093 methods · local
291.5——stated, not verified243.67ECN/raw + standard2005—
30420 group3000SA243.66ECN/raw + standard20205 methods
317—1000SA243.64ECN/raw + standard20143 methods
3210—2000SA243.64ECN/raw + standard19883 methods · local
33830 group3000 groupSA243.62ECN/raw + standard19983 methods · local
3450500 groupSA—3.62Standard20142 methods
357—1000SA243.6ECN/raw + standard2009—
366.5—300SA243.6ECN/raw + standard2016—
377100500SA1203.58ECN/raw + standard20063 methods · local
3865 group5000SA723.58ECN/raw + standard20193 methods · local
3960 group2000SA2403.56ECN/raw + standard20101 methods · local
405.5—1000SA1203.55ECN/raw + standard20143 methods · local
41750 group500SA483.54ECN/raw + standard20103 methods · local
423.1—1000SA0.53.54ECN/raw + standard20061 methods
43——500SA243.5—2015—
4416100 group3000SA243.49ECN/raw + standard20113 methods
457100 group500SA1203.49ECN/raw + standard2009—
466—30SA723.47Standard20083 methods · local
47———stated, not verified0.53.45ECN/raw20235 methods · local
4862001000SA723.4ECN/raw + standard2020—
49——200SA483.37ECN/raw + standard19891 methods
508—400SA243.34ECN/raw + standard20172 methods
51—1 group5000SA73.28ECN/raw + standard20073 methods
52552000SA483.27ECN/raw + standard20093 methods · local
5313.6—30SA1203.2ECN/raw + standard19742 methods · local
5490500SA723.19ECN/raw + standard20023 methods · local
5518—1000SA243.14Standard2021—
5618—1000SA2403.13ECN/raw + standard20103 methods
57—0 group500SA1203ECN/raw + standard20144 methods
5820——stated, not verified1202.42Standard20132 methods · local
Ten are shown; the button opens the rest.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

FxPro publishes a retail leverage of 1:500 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

Identical for every row, so it is stated once: Who onboards Local · CMA · Swap-free fee none, no limit · SAR account Yes.

1. Grand Capital — highest score of the three · unregulated offshore · withdrawal in 0.25 h (score 4.14)

Round turn
5 USD
Withdrawal
from 15 minutes
SAR account
Not stated
Leverage
500SA
Accepts residents
through an offshore entity
Onboarding entity
Offshore entity
Founded
2006
Register
https://finpip.com/ar/brokers/grand-capital/ · 11.10.2026
Group leverage
uncleargroup
Instruments
Forex, CFDs, crypto, stocks
Platforms
MT5cTraderWebTradingView
Funding
Crypto and local methods
Not served
United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia, Russian Federation
  • Reviews25%85
  • Round-turn cost20%100
  • Safety0
  • Payouts15%
  • Track record10%
  • Platforms50
Why it ranks here

Round turn 5 USD against the slice median 6.6 USD. strongest axis round-turn cost 100 of 100. total score 4.14.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of Grand Capital

2. FreshForex — offshore, not tier-1 · withdrawal in 0.166667 h (score 4.13)

Round turn
6 USD
Withdrawal
within 10 minutes during business hours; actual receipt can take several business days
SAR account
USD, EUR, CNY, RUB
Leverage
2000SA
Accepts residents
through an offshore entity
Onboarding entity
Riston Capital Ltd
Founded
2004
Register
https://finpip.com/ar/brokers/freshforex/ · 11.10.2026
Group leverage
unclear
Instruments
270+ CFDs, forex, crypto
Platforms
MT5MT4Web
Funding
No SAR local method
Not served
United States, United Kingdom, China, Hong Kong, Iran, Democratic People's Republic of Korea, Myanmar, Spain
    Why it ranks here

    Round turn 6 USD against the slice median 6.6 USD. strongest axis track record 100 of 100. total score 4.13.

    Watch for

    Min deposit 200 USD, double the Saudi Arabia median of 50; withdrawal time not published.

    Full review of FreshForex

    3. Fusion Markets — cheapest priced of the three · regulated offshore and asic · withdrawal in 1 h (score 4.03)

      Why it ranks here

      Round turn 4.8 USD against the slice median 6.6 USD. strongest axis round-turn cost 100 of 100. total score 4.03.

      Watch for

      Onboards Saudi residents through an offshore entity: no CMA licence, no CMA complaints route, no SAR account.

      Full review of Fusion Markets

      What the data shows(58 of 80 distributions · 77 brokers)

      Swap-free availability (58 of 80 brokers)

      68%30/44
      Offered30Not offered14

      Admin fee after the free period (58 of 80 swap-free)

      53%16/30
      Never16After 3–30 days9not published5

      Who onboards Saudi residents (58 of 80 brokers)

      45%20/44
      Local CMA entity20Offshore entity24

      SAR account (58 of 80 brokers)

      36%16/44
      Yes16No23not published5

      Licensed in Saudi Arabia, or not (68 of 80)

      8Local licence
      60Offshore

      Retail leverage in Saudi Arabia (66 of 80 · median 1:500)

      37<1000
      151000-2000
      52000-3000
      73000-4000
      24000+

      Full list(58 of 80)

      1. 1Grand Capital4.14
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        10 group
        Leverage
        500SA
        SAR
        Yes
      2. 2FreshForex4.13
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        2000SA
        SAR
        Yes
      3. 3Fusion Markets4.03
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        4.8
        Min deposit, USD
        0 group
        Leverage
        500SA
        SAR
        Yes
      4. 4Traders Trust4.03
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50 group
        Leverage
        3000SA
        SAR
        Yes
      5. 5OctaFX4.01
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        25 group
        Leverage
        1000SA
        SAR
        Yes
      6. 6AMarkets4.01
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Leverage
        3000SA
        SAR
        Yes
      7. 7FBS4.01
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        3000SA
        SAR
        Yes
      8. 8FP Markets4
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        500SA
        SAR
        Yes
      9. 9Exness3.99
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        9
        SAR
        Yes
      10. 10Forex.com3.98
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        400SA
        SAR
        Yes
      11. 11Global Prime3.97
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Leverage
        500SA
        SAR
        Yes
      12. 12Hantec Markets3.97
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        2
        Min deposit, USD
        10 group
        Leverage
        500 groupSA
        SAR
        Yes
      13. 13BlackBull Markets3.92
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        0 group
        Leverage
        500SA
        SAR
        Yes
      14. 14MultiBank Group3.89
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        500SA
        SAR
        Yes
      15. 15LiteFinance3.88
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        50 group
        Leverage
        500SA
        SAR
        Yes
      16. 16TMGM3.88
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        0 group
        Leverage
        1000SA
        SAR
        Yes
      17. 17Mitrade3.88
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        SAR
        Yes
      18. 18Axi3.86
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        5 group
        Leverage
        500 groupSA
        SAR
        Yes
      19. 19Errante3.84
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50 group
        Leverage
        1000SA
        SAR
        Yes
      20. 20GO Markets3.84
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        500 groupSA
        SAR
        Yes
      21. 21FIBO Group3.8
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        SAR
        Yes
      22. 22AvaTrade3.76
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        100 group
        Leverage
        400SA
        SAR
        Yes
      23. 23Admirals3.75
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        500SA
        SAR
        Yes
      24. 24Blueberry Markets3.75
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        SAR
        Yes
      25. 25FXChoice3.74
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Leverage
        1000SA
        SAR
        Yes
      26. 26Doo Prime3.73
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Leverage
        1000SA
        SAR
        Yes
      27. 27ThinkMarkets3.71
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        9.2
        Leverage
        500SA
        SAR
        Yes
      28. 28Vantage3.69
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        500SA
        SAR
        Yes
      29. 29FXOpen3.67
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        1.5
        SAR
        Yes
      30. 30Exinity3.66
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        4
        Min deposit, USD
        20 group
        Leverage
        3000SA
        SAR
        Yes
      31. 31Tickmill3.64
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Leverage
        1000SA
        SAR
        Yes
      32. 32Windsor Brokers3.64
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        10
        Leverage
        2000SA
        SAR
        Yes
      33. 33Alpari3.62
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        8
        Min deposit, USD
        30 group
        Leverage
        3000 groupSA
        SAR
        Yes
      34. 34Trade Nation3.62
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        0
        Leverage
        500 groupSA
        SAR
        Yes
      35. 35XM3.6
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Leverage
        1000SA
        SAR
        Yes
      36. 36CAPEX3.6
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6.5
        Leverage
        300SA
        SAR
        Yes
      37. 37FxPro3.58
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100
        Leverage
        500SA
        SAR
        Yes
      38. 38FXGT3.58
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        5 group
        Leverage
        5000SA
        SAR
        Yes
      39. 39HFM3.56
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        0 group
        Leverage
        2000SA
        SAR
        Yes
      40. 40XChief3.55
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        5.5
        Leverage
        1000SA
        SAR
        Yes
      41. 41Amana Capital3.54
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50 group
        Leverage
        500SA
        SAR
        Yes
      42. 42Weltrade3.54
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        3.1
        Leverage
        1000SA
        SAR
        Yes
      43. 43Milton Prime3.5
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Leverage
        500SA
        SAR
        Yes
      44. 44FXTM3.49
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        16
        Min deposit, USD
        100 group
        Leverage
        3000SA
        SAR
        Yes
      45. 45Eightcap3.49
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        500SA
        SAR
        Yes
      46. 46Plus5003.47
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Leverage
        30SA
        SAR
        Yes
      47. 47Headway3.45
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        SAR
        Yes
      48. 48Moneta Markets3.4
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        200
        Leverage
        1000SA
        SAR
        Yes
      49. 49CMC Markets3.37
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Leverage
        200SA
        SAR
        Yes
      50. 50ATFX3.34
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        8
        Leverage
        400SA
        SAR
        Yes
      51. 51InstaForex3.28
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Min deposit, USD
        1 group
        Leverage
        5000SA
        SAR
        Yes
      52. 52RoboForex3.27
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        5
        Leverage
        2000SA
        SAR
        Yes
      53. 53IG Markets3.2
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        13.6
        Leverage
        30SA
        SAR
        Yes
      54. 54XTB3.19
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        0
        Leverage
        500SA
        SAR
        Yes
      55. 55T4Trade3.14
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        18
        Leverage
        1000SA
        SAR
        Yes
      56. 56IronFX3.13
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        18
        Leverage
        1000SA
        SAR
        Yes
      57. 57Equiti3
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Min deposit, USD
        0 group
        Leverage
        500SA
        SAR
        Yes
      58. 58Fortrade2.42
        Onboards
        Local · CMA
        Swap-free
        none, no limit
        Round turn, USD
        20
        SAR
        Yes

      How to read this ranking

      1. Start with the figure this page ranks on.

        Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.

      2. Check which company would onboard you.

        The same brand can take a resident of Saudi Arabia through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.

      3. Read the cost beside the deposit.

        The median round turn across this country is 6.6 USD and the median minimum deposit 5.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

      Neighbouring slices(6 rankings · 5 explainers)

      FAQ

      How many brokers qualify for this ranking in Saudi Arabia?
      58 of 80 brokers measured for this country qualify.
      Which broker leads it, and on what basis?
      Grand Capital leads it with a score of 4.14. The order is computed score, highest first; unscored brokers follow.
      What does a trade typically cost here?
      The median round turn - spread plus commission for one standard lot, in and out - is 6.6 USD across the brokers that publish both parts.
      Why do some rows show a dash instead of a figure?
      Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.

      How this slice is scored

      Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

      Verified · What changed · Sources(58 of 80 broker records)

      Verified01.10.2026
      data re-captured 28.09.2026

      Risk warning and affiliate disclosure

      CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.