Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

ForTrade

Offers one way to trade: Binary Options

 
ForTrade
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Your capital is at risk/span>
$100Min. Deposit Learn More
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  • Mobile apps
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Trust Score:

B

0

Established in:

1992

Regulated by:

Financial Conduct Authority

CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Qatar

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose ForTrade
For Qatar?

ForTrade scored best in our review of the top brokers for qatar, which takes into account 120+ factors across eight categories. Here are some areas where ForTrade scored highly in:

  • 25+ years in business
  • Offers + instruments
  • A range of platform inc. Binary, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1 pips
  • Used by + traders
  • Allows hedging
  • 1 languages
  • Leverage up to

ForTrade offers one way to trade: Binary Options. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ForTrade have a B trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being established for over 25 years, and much more. For comparison:

Trust Score comparsion

ForTrade
Trust Score B
Year Established 1992
Regulated by Financial Conduct Authority
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who ForTrade is (& Isn’t)
Suitable For

As mentioned, ForTrade allows you to trade in one way: Binary Options.

Suitable for:

Not Suitable for:

To trade with ForTrade, you'll need a minimum deposit of $100. ForTrade offers a range of different account types for different traders including a mini account, .

Finally, ForTrade isn't available in the following countries: US.

Part 3

A Comparison of ForTrade vs. vs.


Want to see how ForTrade stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
ForTrade
Fixed Spreads
Variable Spreads
EUR/USD Spread 1
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread 2
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

ForTrade
Spread type
EUR/USD Spread 1992
EUR/GBP Spread Financial Conduct Authority
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

AvaTrade

www.avatrade.sa.com

AvaTrade are a client-focused broker with over 10 years of experience in the trading industry. They are a multinational company with regional offices all over the world. The company’s website is available in more than 15 languages, including a dedicated website in Arabic, making them a suitable choice of broker for clients from Qatar. Traders opening an account through the Arabic website are provided products through AVA Trade Ltd, which is authorised by the British Virgin Islands Financial Services Commission.

AvaTrade offers its customers access to over 250 financial instruments including cryptocurrencies, stocks, shares, indices, bonds, and commodities. An additional noteworthy feature of AvaTrade is that it offers Islamic accounts for its customers based in Muslim countries such as Qatar. These accounts are free of any interest-based fees as the Islamic faith does not permit interest-based fees or transactions.

The company’s website offers a wealth of educational resources for traders such as educational videos, articles, eBooks, market indicators, and webinars. A free 21-day demo account is also available, enabling traders to practice their skills and to get familiar with AvaTrade’s platforms.

AvaTrade globally accepts two payment methods, namely wire transfer (minimum 500 EUR/USD/GBP/AUD) and debit/credit card (minimum of just 100 EUR/USD/GBP/AUD).

Plus500

www.plus500.ae

Plus500 is an advanced trading platform provided by the Plus500UK Ltd. company, whose offices are based in London. They are one of the top providers of Forex and contracts for difference (CFDs) in the UK, and are regulated by the Financial Conduct Authority (FCA). Plus500 adhere to the FCA’s stringent client money regulations, which ensure that deposits held within client accounts are kept separate to the firm’s own funds, offering clients additional protection.

With over 2000 instruments in their portfolio such as commodities, currencies, stocks, and options, Plus500 are considered to be a rapidly expanding company. Trading can be done not only through a web-browser, but also through their powerful apps which can be downloaded from the Apple App Store and on Google Play. The apps are easy to use, yet still contain many advanced features which can help the trader make informed decisions. Just some of the features available include Stop Loss and Take Profit limits,

Clients from Qatar have access to an Arabic version of the website, which allows them to access information about the account and the different markets available. The platform can also have Arabic selected as the primary language, making Plus500 a suitable broker for traders from Qatar. Traders can choose their base currency, but are required to set this up by contacting the customer support team before conducting their first trades on their live account.

XTB

www.xtb.com/int

XTB International Limited (XTB) are the international subsidiary of the XTB Group. Based in Belize, they are licensed by the International Financial Services Commission (IFSC) to provide their brokerage services around the world. Starting as a pioneering Forex broker in Poland in 2002, they now have offices in 13 different countries, including France, Spain, Italy, Portugal and the Czech Republic. Amongst the financial supervisory authorities that the group are accountable to, are the Financial Conduct Authority (FCA), BaFin (Federal Financial Supervisory Authority), and the Polish Financial Supervisory Authority (KNF).

An international version of the XTB website is provided for clients from Qatar, which is in English, and allows traders to select from two different types of account. Accounts can be opened in US dollars, using transfers from bank accounts, or deposits made via debit/credit card. ePayments such as Neteller and Skrill are also available for international clients.

The standard MetaTrader4 platform is provided as an option for traders, however XTB also offer their own proprietary trading software. xStation 5 has recently won an award for being the ‘Best Trading Platform 2016’. It offers an array of powerful features that clients can access from their desktop computers – Macs and PCs, or from their mobile devices – including tablets, phones, and even smartwatches.

The platform settings allow clients to choose the most appropriate language and the user interface is customisable so traders can feel comfortable with its appearance.


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