Best CFD Brokers in Saudi Arabia

Key takeaways

None of the three holds a Saudi licence. Check which regulated entity opens your account.
Capital.com and XS offer swap-free accounts to Saudi residents. Pepperstone does not.
Pepperstone is licensed by seven regulators, including the FCA, ASIC and the DFSA.
Capital.com charges no trading commission and no deposit, withdrawal or account fees.
Minimum deposit: Pepperstone $10, Capital.com $20, XS none on its Standard account.

Best CFD brokers in Saudi Arabia compared

The table uses facts from each broker's own pages and the regulators' public registers. It lists only what we could check, so there are no spread figures for Pepperstone or Capital.com.

CFD brokers for Saudi residents
Broker	Regulators	How Saudi residents are served	Swap-free for Saudi residents	Minimum deposit	Platforms	Trading commission
Pepperstone	ASIC, FCA, CySEC, BaFin, DFSA, SCB, CMA Kenya	Through an international Pepperstone entity. No Saudi licence	No	$10	MT4, MT5, cTrader, TradingView	Depends on the account type
Capital.com	FCA, CySEC, ASIC, UAE CMA	Through an internationally regulated Capital.com entity. No Saudi licence	Yes	$20	Capital.com web and app, MT4, MT5, TradingView	None
XS	FSA Seychelles, ASIC, CySEC, LFSA, FSCA, FSC Mauritius, UAE CMA	Through an international XS entity. No Saudi licence	Yes	None (Standard account)	MT4, MT5	None on the Standard account

Pepperstone: seven regulators

Pepperstone is licensed by seven regulators: ASIC in Australia, the FCA in the UK, CySEC in Cyprus, BaFin in Germany, the DFSA in Dubai (licence F004356), the SCB in the Bahamas and the CMA in Kenya. It has no Saudi licence, so Saudi residents trade with one of its international entities.

The minimum deposit is $10, and you can trade on MetaTrader 4, MetaTrader 5, cTrader and TradingView. The drawback for many Saudi traders is the swap-free account: Pepperstone offers it only to residents of an eligible-country list, and Saudi Arabia is not on it.

Capital.com: swap-free accounts for Saudi residents

Capital.com is regulated by the FCA in the UK, CySEC in Cyprus and ASIC in Australia. In the UAE, Capital Com MENA Securities Trading LLC holds a UAE Capital Market Authority Category One dealing licence, No. 20200000176. It has no Saudi licence.

Capital.com offers swap-free (Islamic) accounts to residents of Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman. The minimum deposit is $20, there is no trading commission, and there are no deposit, withdrawal or account fees. Withdrawals are processed within 24 hours; how fast the money arrives depends on the payment method.

You can trade on the Capital.com web platform and app, MetaTrader 4, MetaTrader 5 (Expert Advisors supported) and TradingView.

XS: swap-free with no minimum deposit

XS (XS.com) was established in Australia in 2010. It operates through eight entities, licensed by the FSA in Seychelles (SD089), ASIC (374409), CySEC (412/22), the LFSA in Labuan (MB/21/0081), the FSCA in South Africa (53199), the FSC in Mauritius (GB25204786) and the UAE CMA (20200000339, a licence for arrangement and advice, not retail trading), plus a commercial licence in Kuwait. It has no Saudi licence.

XS spreads start from 0.1 pips on EUR/USD (Elite account, $6 round-turn commission, $500 minimum). The Standard account has no minimum deposit and no commission, with spreads from 1.1 pips on EUR/USD. XS offers a swap-free account, and you trade on MetaTrader 4 and MetaTrader 5.

Crypto CFDs for Saudi traders

A crypto CFD lets you trade the price of Bitcoin or another coin without owning it. No coin is held for you, so there is nothing to withdraw to a wallet. Our guide to what a crypto CFD is explains the costs, including overnight financing.

Capital.com offers crypto CFDs under its UAE entity. Whether you can trade them from Saudi Arabia depends on the entity that opens your account, and the same applies to Pepperstone and XS. Check on the broker's own site before you deposit.

If you want to own coins and move them to your own wallet, you need a crypto exchange, not a CFD broker. See crypto exchange vs broker for the difference.

How to choose a CFD broker in Saudi Arabia

The Saudi Capital Market Authority does not license international CFD firms for retail clients. Residents who trade CFDs use internationally regulated brokers, so the checks below matter more than usual.

Legal entity: find out which company your account opens under. It is named in the account agreement, and it may not be the entity the broker advertises most.
Licence: look that entity up on its own regulator's register, such as the FCA, CySEC, ASIC or DFSA register, not on the broker's website.
Swap-free terms: read whether a fee replaces the swap and which products the account covers.
Fees: compare spreads, commission and overnight financing together. A broker with no commission still earns from the spread.
Platforms: if you use Expert Advisors, you need MetaTrader 4 or 5. All three brokers offer both.
Deposits and withdrawals: confirm on the broker's site whether it accepts riyals and how withdrawals reach a Saudi bank. Capital.com processes withdrawals within 24 hours; arrival time depends on the payment method.

What a CFD is, and the risk

A CFD (contract for difference) is an agreement with a broker to exchange the change in an asset's price between the moment you open a trade and the moment you close it. You get exposure to the price without owning the asset.

CFDs use leverage: a small deposit controls a larger position. Leverage magnifies gains and losses alike, and you can lose your deposit quickly. Most retail CFD accounts lose money. Before you trade, read the percentage of retail accounts that lose money on the broker's own site.

Islamic (swap-free) CFD accounts in Saudi Arabia

A swap-free account does not charge or pay overnight swap on positions held past the daily rollover. A broker may charge a fee instead or limit the products the account covers, so read its terms.

Capital.com and XS offer swap-free accounts to Saudi residents. Pepperstone's swap-free account is limited to an eligible-country list, and Saudi Arabia is not on it. For many Saudi traders, that is the reason to choose Capital.com.

This describes a product feature, not a religious ruling. Whether a swap-free account meets your requirements is a question for a qualified scholar.

Frequently asked questions

Is CFD trading legal in Saudi Arabia?

The Saudi Capital Market Authority does not license international CFD brokers for retail clients. Residents who trade CFDs use internationally regulated brokers, under the rules of the regulator that supervises the entity holding their account. Read the Saudi CMA's website before you open an account.

Which CFD broker is licensed in Saudi Arabia?

None of Pepperstone, Capital.com or XS holds a Saudi licence. They serve Saudi residents through entities regulated elsewhere, so check which entity your account opens under.

What are the best CFD brokers in Saudi Arabia?

Pepperstone, Capital.com and XS. Pepperstone is licensed by seven regulators, Capital.com offers swap-free accounts to Saudi residents with no trading commission, and XS has no minimum deposit on its Standard account.

Which CFD brokers offer Islamic accounts in Saudi Arabia?

Capital.com and XS offer swap-free accounts to Saudi residents. Pepperstone does not, because Saudi Arabia is not on its eligible-country list for swap-free accounts.

What is the minimum deposit for a CFD broker in Saudi Arabia?

Pepperstone's minimum deposit is $10 and Capital.com's is $20. XS has no minimum deposit on its Standard account.

Can I trade crypto CFDs from Saudi Arabia?

Capital.com offers crypto CFDs under its UAE entity. Whether you can trade them from Saudi Arabia, with Capital.com, Pepperstone or XS, depends on the entity that opens your account, so check on the broker's own site.

Sources

Saudi Capital Market Authority