Which broker is better for Saudi Arabia traders in 2026? Expert analysis across 12 categories.
For Saudi Arabia traders seeking a reliable forex broker, EasyMarkets and Libertex represent two well-established choices, each with distinct advantages tailored to the local market. EasyMarkets, with a rating of 3.4/5, appeals to traders who value fixed spreads and a straightforward Islamic account policy, alongside support for STC Pay – a popular local payment method. Libertex, scoring 3.7/5, attracts high-net-worth individuals with its competitive variable spreads, advanced trading platform, and strong regulatory framework under CySEC. Both brokers accept Bank Transfer, Credit Card, and (in EasyMarkets' case) STC Pay deposits in SAR. While the Saudi Capital Market Authority (CMA) does not directly regulate these international brokers, both are reputable entities with robust client protection. This comparison examines key factors such as trading costs, platforms, Islamic accounts, and local payment options to help Saudi traders decide which broker aligns best with their investment style and compliance needs.
| Instrument | EasyMarkets | Libertex | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Libertex |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Libertex |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Libertex |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Libertex |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $10 | Libertex |
When comparing trading costs for Saudi Arabia traders, Libertex holds an edge with variable spreads starting as low as 0.2 pips on major currency pairs when trading higher volumes. This structure benefits high-net-worth individuals who execute frequent or large trades. EasyMarkets, in contrast, offers fixed spreads averaging 1.0 pips on EUR/USD – a good choice for traders who dislike spread widening during volatile news events. For Saudi traders dealing in SAR, both brokers convert deposits at competitive rates, though Libertex’s lower spread can reduce overall transaction costs. Volume impact is significant: Libertex’s spreads shrink further with larger trade sizes, while EasyMarkets’ fixed spreads remain constant, making it less cost-effective for high-volume scalpers but more predictable for position traders.
| Account Type | EasyMarkets | Libertex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $10 |
| Entity / Asset | EasyMarkets | Libertex |
|---|---|---|
| Saudi Arabia (offshore) | Up to 1:2000 | Up to 1:999 |
| Forex major pairs | 1:2000 | 1:999 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | Libertex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Libertex |
| ETFs | ✗ | ✓ | Tie |
| Platform | EasyMarkets | Libertex |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✗ |
| MetaTrader 5 (MT5) | ✗ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Libertex provides its proprietary web and mobile platform, known for intuitive design and advanced charting tools, plus MetaTrader 4 and 5 for experienced traders. This full range suits Saudi traders who prefer professional-grade analysis. EasyMarkets offers its own web-based platform and mobile app with features like deal cancellation, but lacks MT4/5 integration. For Saudi users, both platforms support Arabic language and are optimised for mobile trading – crucial for on-the-go access. Libertex’s platform is particularly strong for algorithmic trading, while EasyMarkets’ simplicity appeals to beginners. Neither requires a download for web access, ensuring compatibility with Saudi internet environments.
| Factor | EasyMarkets | Libertex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✗ | Tie |
Execution quality differs between the two brokers. Libertex operates a No Dealing Desk (NDD) model with straight-through processing, offering fast execution with minimal slippage, especially on major forex pairs. EasyMarkets uses a market maker model with fixed spreads and guaranteed stop-loss orders, which can prevent negative slippage but may lead to requotes during volatile markets. For Saudi high-net-worth traders who value speed and low latency, Libertex’s NDD execution is superior. However, EasyMarkets’ guaranteed stops provide peace of mind for those trading larger positions in emerging markets.
| Safety Factor | EasyMarkets | Libertex |
|---|---|---|
| Primary regulator | CySEC | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
From a regulatory perspective, both EasyMarkets and Libertex are overseen by the Cyprus Securities and Exchange Commission (CySEC), with EasyMarkets also holding an Australian ASIC licence. The Saudi Capital Market Authority (CMA) does not directly supervise either broker, but CySEC regulation ensures compliance with European MiFID II standards, including negative balance protection and investor compensation funds. For Saudi Arabia traders, this means deposits up to €20,000 are covered under the Investor Compensation Fund for CySEC-regulated entities. While not CMA-licensed, both brokers maintain clean regulatory records, providing a secure trading environment. Saudi high-net-worth traders should verify their eligibility for these protections, particularly when using international brokers.
| Payment Method | EasyMarkets | Libertex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | 5 business days |
Depositing and withdrawing funds in Saudi Arabia is straightforward with both brokers, though specific methods vary. EasyMarkets supports Bank Transfer, Credit Card, and notably STC Pay – a widely used Saudi mobile wallet – enabling instant deposits in SAR with zero fees. Withdrawals to STC Pay are processed within 24 hours. Libertex accepts Bank Transfer and Credit Card deposits, but does not offer STC Pay; bank transfers take 1-2 business days and may incur intermediary fees. Credit card deposits on both platforms are instant, with withdrawals typically taking 2-5 business days. Minimum deposits are low: EasyMarkets starts at $100 (≈375 SAR) and Libertex at $50 (≈188 SAR). For Saudi traders prioritising speed and local convenience, EasyMarkets’ STC Pay integration is a clear advantage, while Libertex’s bank transfer process remains reliable for larger sums.
| Islamic Account Feature | EasyMarkets | Libertex |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both EasyMarkets and Libertex cater to Saudi Muslim traders with swap-free Islamic accounts. EasyMarkets offers Islamic accounts with no additional fees and no restrictions on trade duration, making it particularly Sharia-compliant for long-term positions. Libertex also provides Islamic accounts, but applies a small administrative charge if a position is held beyond a certain period (e.g., 14 days). For Saudi traders focused on preserving interest-free trading, EasyMarkets’ fully free Islamic account is preferable. Both brokers require a simple request during account opening, and no swaps are charged on overnight positions. High-net-worth Islamic account seekers will appreciate that both platforms allow full access to all instruments, including forex, commodities, and indices without compromise.
| Support Feature | EasyMarkets | Libertex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support for Saudi Arabia traders is available in Arabic and English. EasyMarkets offers 24/5 live chat, email, and phone support, with average response times under 30 seconds. Libertex provides 24/5 multilingual support including Arabic, with live chat and phone services, though email responses can take up to 24 hours. Both brokers have comprehensive FAQ sections in Arabic. For urgent queries, EasyMarkets’ faster live chat may be more reliable, while Libertex’s support is equally professional but slightly slower outside market hours.
| Mobile Feature | EasyMarkets | Libertex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | Libertex | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | EasyMarkets |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose Libertex if you...
For Saudi Arabia traders, Libertex emerges as the stronger overall choice with a higher score of 3.7/5, lower spreads, and robust platform options, making it ideal for high-net-worth individuals focused on cost efficiency. However, EasyMarkets (3.4/5) holds its own with fixed spreads, a genuine Islamic account, and the critical advantage of STC Pay support – a game-changer for instant local deposits. While neither broker is directly regulated by the CMA, both adhere to CySEC standards that offer client protection. Ultimately, the decision hinges on your trading style: choose Libertex for variable spreads and MT4/5, or EasyMarkets for fixed costs and seamless STC Pay integration. Both accept Bank Transfer and Credit Card in SAR, ensuring accessibility for all Saudi traders.