Best Forex Brokers Oman 2022
May 09, 2022
Last modified May 10, 2022
Here are the best forex brokers accepting residents of Oman 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.
- IG - 9.7/10 Overall
- Saxo Bank - 9.5/10 Overall
- Interactive Brokers - 9.2/10 Overall
- FOREX.com - 8.7/10 Overall
- XTB - 8.7/10 Overall
- AvaTrade - 8.2/10 Overall
- Admiral Markets - 8.1/10 Overall
- XM Group - 8/10 Overall
- HYCM (Henyep) - 7.7/10 Overall
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.828 (September 2021) |
| All-in Cost EUR/USD - Active | 0.365 (May 2020) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.8 (August 2020) |
| All-in Cost EUR/USD - Active | 0.6 (August 2020) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.6 (From 09/25/21 - 10/02/21) |
| All-in Cost EUR/USD - Active | 0.6 (From 09/25/21 - 10/02/21) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 1.1 (US August 2021) |
| All-in Cost EUR/USD - Active | 1.1 (US August 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
Highly Trusted
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.9 (Q3 2021) |
| All-in Cost EUR/USD - Active | 0.9 (Q3 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Trust Score
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 |
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 |
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 |
Cost & Fundingexpand_moreexpand_less
| Average Spread EUR/USD - Standard | 0.6 (Sept 2021) |
| All-in Cost EUR/USD - Active | 0.6 (Sept 2021) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Here are some additional brokers worth checking out.
Avatrade
AvaTrade is an online international Forex and CFD broker, with their head office located in Dublin. They have a range of digital platforms that offer the facilities for traders to access a vast range of markets. Some of the financial instruments available to trade include stocks, commodities, indices, equities, Exchange Traded Funds (ETFs), bonds, and cryptocurrencies. The instruments can be accessed as contracts for difference (CFDs), which allow traders to take both long and short positions, depending on which way they believe the market will move. With these products, traders are not restricted to bull markets.
AvaTrade have a global presence in 150 countries. Their financial conduct is governed by several regulatory bodies from around the jurisdictions that they provide their trading services in. These ensure high standards when it comes to the fair treatment of clients, their client money deposits, and the protection of their personal information. AvaTrade EU Ltd. is a subsidiary company based in the Middle East. They are regulated by the CBI (Central Bank of Ireland), with permission to provide their services for trading a range of financial instruments.
AvaTrade offers trading solutions to fit their clients’ needs, which includes a range of trading platforms, such as AvaTradeAct, the industry-wide recognized MetaTrader 4, and a variety of automated trading solutions. The company has received numerous awards for its innovative broker services.
AvaTrade place a strong emphasis on empowering their clients by offering a trading experience that takes into account their level of ability. A dedicated customer service helpline and website are available to clients from Omar in the Arabic language.
XTB
The XTB Group have spread from its initial base in Poland, which was established in 2002, to the rest of Europe, and around the world. Clients from Oman have access to an international website, which is offered in English – a widely spoken language in Oman – by the subsidiary XTB International Limited (XTB). The head office for the international branch is based in Belize and as such, is authorized and regulated by the International Financial Services Commission (IFSC).
They offer a wealth of information through their website and educational programs, including detailed market trends information. The website also provides information about the numerous markets that XTB clients are able to trade on and the different types of account available.
Customers from Oman can open a standard trading account or a Pro Trading Account. Both types of account can be funded by bank transfer, credit or debit card, or even Neteller / PayPal. One of the main differences between the two accounts is the spreads: floating spreads are offered in the former, and market spreads in the latter.
XTB offer deep liquidity and as their platform provides execution on a no dealing desk basis, no requotes are offered, which can be seen as a significant benefit for many trading strategies.
The XTB platform, xStation 5, utilizes state-of-the-art technology, making it one of the most powerful trading platforms offered on the market. Trade execution can be within 85 milliseconds, and many other advanced features are provided with the platform, including charting analysis capabilities, and market depth information. Clients who prefer to use the industry standard, MetaTrader 4, are provided with an enhanced version, which also executes trades at ultrafast speeds.
XTB’s client-centered approach and tireless dedication has turned many industry heads, attracting several awards and an increasing client base year on year.
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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 the Author
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.
