Oman Forex Trading Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: September 16, 2025

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• Jump to:
• Main features of the best Oman Forex brokers
• Forex Legislation
• Financial Regulators
• Payment Methods
• Trading Software
• Mobile Trading
• FAQ
›

Our team of expert traders has tested many regulated and trustworthy forex brokers that accept traders from Oman, and compiled a top list of the best among them. Each broker operating in Oman received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

1. 

   Plus500 US

   Rating: 4

   This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

2. 

   eToro

   Rating: 4.2

   61% of retail investor accounts lose money

3. 

   Fusion Markets

   Rating: 4.8

   74-89% of retail's CFD accounts lose money

4. 

   FP Markets

   Rating: 4.9

   73.85% of retail investor accounts lose money

5. 

   Global Prime

   Rating: 4.7

   74-89% of retail CFD accounts lose money

6. 

   Pepperstone

   Rating: 4.4

   75.5% of retail investor accounts lose money

Below you can find a comprehensive comparison table of forex brokers with Islamic accounts for traders in Oman. We rank them according to several factors, including regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, and deposit and withdrawal methods.

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Main features of the best Oman forex brokers

Oman is an Arab country located in Western Asia, with a population of about 5 million and a gross domestic product of more than US$79 billion. Strategically positioned on the Indian Ocean, the country is an important trading port and has a free-market economy that has steadily grown over the last two decades.

The main factor behind Oman’s economic growth is the production and export of crude oil, which is available in large quantities in the country and represents nearly two-fifths of its gross domestic product. To prepare for the inevitable depletion of this natural resource, the Omani government launched an initiative in 1996 to diversify and privatise the local economy.

As a result of these efforts, Oman has expanded its stock market through the sale of several major state-owned companies, creating a favourable investment environment in the process. The country’s main financial regulator is the Central Bank of Oman, which was established in 1974.

It is tasked with the regulation of the local currency, the Omani rial (OMR). The local stock exchange, known as the Muscat Securities Market, began operations in 1988. The country has major trading partners such as India, the UAE, Japan, China and Saudi Arabia.

Oman may not seem like an attractive trading destination, but there are many foreign brokerages that serve traders from this country. Most are licensed in other jurisdictions, such as Cyprus. Traders in Oman have a broad choice of financial instruments, including dozens of currency pairs, contracts for difference (CFDs), stocks and indices. Brokerages serving the local market are Sharia-compliant and offer Omani traders the option to open swap-free Islamic accounts.

Oman forex legislation

There is a common misconception that trading is unsafe or illegal in Oman, but this is simply not the case. There are forex traders in the country, but the forex market has a limited presence in terms of activity.

Residents of the country can execute trades effortlessly with brokerages from any part of the world, including many companies that hail from well-regulated European jurisdictions. The financial sector in Oman is overseen by the local Capital Market Authority (CMA) and the Central Bank of Oman.

Few forex brokers operate from this country under licences granted by the local CMA, which can be explained by the high costs. Despite this, Omani traders can join reputable brokers licensed by other top-tier regulators like the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). Their policies aim to protect consumers and ensure fair trading conditions for all customers, including those based in Oman.

Oman residents can legally trade a variety of financial instruments, including forex currency pairs, stocks, indices, commodities and contracts for difference. Regulated brokerages on the Oman market must uphold high standards of security and transparency.

Customers’ money is held separately from the firms’ operational capital to ensure that everyone can recover their funds if a company goes out of business. Apart from spot forex, Omani customers can purchase contracts for difference, provided they do so with properly regulated brokerages.

Many foreign brokers operating on the Omani market impose caps on leverage to prevent retail traders from incurring massive financial losses. The exact restrictions differ between companies, depending on where they are regulated. Some firms that operate on the local market offer leverage of up to 1:1000, while at others the maximum ratio is restricted to 1:30. Omani CFD traders also benefit from stop-loss orders that enable them to manage risk on open positions more effectively.

All adequately regulated brokers that service the Oman market are completely transparent about the volatility associated with trading contracts for difference. They publish disclaimers on their websites to inform Omani customers what percentage of retail investors lose money because of leverage.

Since the majority of Omani nationals profess the Muslim religion, many brokers that accept customers from this market offer Islamic accounts that are fully compliant with Shariah financial laws. Islamic accounts are swap-free, meaning that Omani traders are not charged interest for positions left open overnight in line with Islamic principles.

Oman financial regulators

The financial sector in Oman is supervised by the local Capital Market Authority (CMA). The CMA came into being in January 1999. Its responsibilities include outlining the financial regulatory framework in the country and ensuring that all participants in the Omani financial markets comply with it.

The CMA also oversees the operations of the only stock exchange in Oman, the Muscat Securities Market, which was founded in 1988. This is where the MSM Index is traded. It comprises thirty of the most liquid companies on the Omani market.

The primary currency authority in the country is the Central Bank of Oman, founded in December 1974 as a replacement for the Oman Currency Board. The main purpose of this entity is to maintain the stability of Oman’s financial system and the local currency, the Omani rial (OMR). One of the key measures adopted by the central bank was to increase the maximum threshold on investments in government development bonds.

Oman forex payment methods

All reputable forex brokers that accept customers from Oman strive to increase their market share by offering multiple account types and banking options. New traders can gain experience and competence by setting up demo accounts where they can execute orders and test trading strategies using virtual credit.

In many cases, there is the option to reset your virtual balance if you exhaust it completely, although demo accounts remain active for a limited time at some brokerages. You need to open a live account for real-money trading. Oman-friendly brokers work with some of the most commonly used payment methods in the world.

Credit and debit cards are broadly accepted, especially those by the brands Maestro, Visa and Mastercard. Card payments are preferred by Omani traders because they allow for fast and hassle-free transactions. Most brokers operating on this market choose to cover the costs associated with card transactions, which is yet another advantage of using this method.

Standard bank transfers are also widely supported by Oman brokerages, although they require more time, usually several business days. Another viable option is to use CashU, a prepaid online banking method available across the countries in the Middle East and North Africa, including Oman, Iraq, Yemen, Kuwait, Saudi Arabia and the United Arab Emirates. It is commonly preferred by young Arab traders who have restricted access to credit cards.

Many Oman-friendly brokers facilitate deposits and withdrawals made with popular e-wallets such as Skrill and PayPal. Some Omani traders prefer to use STICPAY when available. This is an international e-wallet service that allows for quick and completely secure transactions. STICPAY requires you to sign up for an account and fund its balance with a local bank wire transfer or a credit card.

You can use STICPAY even without going through a verification process, as long as the value of your combined transactions does not exceed $250. Professionals who handle significant trading volumes should send their documents for approval, though.

Popular trading software in Oman

Trading software is among the key factors to consider when choosing an Oman-friendly broker. Most trading sites offer fairly accurate descriptions of the instruments, tools and learning resources their platforms feature.

However, it is best to access the platform in demo mode to give it a test drive, especially if you are unfamiliar with it. It is common for Omani brokers to support browser-based trading alongside free downloadable software, with two of the most popular options being MetaTrader 4 and MetaTrader 5 by MetaQuotes.

Both are easy to use and have intuitive interfaces. Omani traders looking to invest in the forex markets usually prefer MetaTrader 4 because it was built specifically for foreign exchange trading. Customers who wish to diversify their portfolios through additional financial instruments are advised to go for MetaTrader 5.

Apart from forex, the software supports trading in options, bonds, shares and futures. There is also MetaQuotes WebTrader, which allows users to execute trades directly in their desktop or mobile browsers without installing additional software.

The ability to copy trade is essential for beginner traders from the country. This option is supported by less popular trading platforms such as cTrader and ZuluTrade. With copy trading, beginners can paste the positions of professional traders directly into their own portfolios.

Mobile trading in Oman

Oman ranks third in the world in terms of mobile penetration, as there were over 6.9 million mobile users in the country at the end of 2017. The number of mobile subscriptions is, in fact, higher than the country’s overall population.

Over 65% of these users own smartphones that facilitate trading on the fly with great ease. Furthermore, the country has a decent 4G speed that averages approximately 25.55 Mbps, so Omani mobile traders can execute orders without hassle.

A couple of decades ago, traders had to call a broker who would charge them extra to execute their trades. This is no longer the case, as all reliable Oman-friendly brokers now enable trading on the go via dedicated iOS and Android applications.

Not only does this allow you to trade, it also gives you the ability to choose exactly how you want to trade. The applications of some brokers support automated investments, while those of others allow novices to learn the ropes with the help of various research and learning tools. Some brokers on the Oman market even give their customers a choice of several mobile applications.

Large Omani brokers invest a great deal of effort in improving the experience of mobile traders. Their apps are updated regularly and are equipped with a host of features that facilitate learning, charting and market analysis. Needless to say, brokers that target customers from this market offer mobile products in Arabic, the national language of the country.