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Brokers With SAR Accounts

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Written By
Jemma Grist
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
» Jemma Grist Profile Page
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Edited By
James Barra
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Edited By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Updated
Oct 4, 2024

A Saudi riyal (SAR) trading account is denominated in Saudi Arabia’s currency. For Saudi traders, they offer straightforward account management while allowing you to store trading capital in a relatively stable, USD-pegged currency.

Discover our choice of the best brokers with SAR accounts, personally tested by our experts.

Best Brokers With SAR Accounts

Our evaluations show that these are the top 1 trading platforms that accept SAR accounts:

Click a broker for details
  1. 1
    Dukascopy
    10% Equity Bonus
    Ratings
    3.5 / 5
    3.5 / 5
    3.8 / 5
    3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.6 / 5
    3.7 / 5
    $100
    0.01 Lots
    1:200
    FINMA, JFSA, FCMC
    CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options
    JForex, MT4, MT5
    Neteller, Wire Transfer, Mastercard, Skrill, Visa, Maestro, Credit Card, Debit Card, Apple Pay, Bitcoin Payments, Ethereum Payments
    USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN
    Go To Dukascopy

Here is a summary of why we recommend these brokers in February 2025:

  1. Dukascopy - Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.

Brokers With SAR Accounts Comparison

Brokers With SAR Accounts Comparison
Broker SAR Account Minimum Deposit Markets Regulator
Dukascopy logo
✔ $100 CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options FINMA, JFSA, FCMC

Dukascopy

"If you’re an experienced trader, Dukascopy provides the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the peace of mind of using a Swiss-regulated bank and broker."

Christian Harris, Reviewer

Dukascopy Quick Facts

Bonus Offer10% Equity Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options
RegulatorFINMA, JFSA, FCMC
PlatformsJForex, MT4, MT5
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:200
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN

Pros

  • Dukascopy features some of the best research we’ve seen, even a professional TV studio in Geneva covering financial news, market analysis, and daily insights from professionals.
  • Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as both a broker and a bank, ensuring top-tier financial security and adherence to strict standards.
  • The proprietary JForex platform is highly advanced, offering tools for algorithmic trading, extensive charting, and access to deep liquidity for short-term traders.

Cons

  • While Dukascopy provides some educational resources and 24/7 support, the complexity of its platforms and tools required extensive testing and may overwhelm newer traders.
  • Dukascopy's withdrawal fees are higher than most competitors we’ve tested, particularly for bank wire transfers, which may deter traders who require frequent access to their funds.
  • While JForex is feature-rich, it has a steep learning curve, making it less suitable for beginner traders who might prefer simpler platforms.
Visit Dukascopy
Dukascopy Review

How Did We Choose The Best Brokers?

To uncover the best trading platforms with SAR accounts we:

  • Examined our 219-strong database of online trading platforms and brokers
  • Focused on all those that offer an account denominated in Saudi riyals
  • Ranked them by their overall rating, derived from 100+ data points and hands-on tests

What Is An SAR Account?

An SAR account is a trading account where the balance, trades and funding transactions are handled in Saudi riyals.

Since your cash and traded assets are displayed in SAR, you can easily manage your profit and loss statements in your home currency.

Below you can see an example where I opened an SAR account with Exness:

Opening an SAR account at Exness
Exness – SAR Account Registration

Do I Need An SAR Trading Account?

An SAR account may be suitable if:

  • You live in Saudi Arabia and hold or save money in SAR because it’s more cost-efficient to hold an account in your local currency.
  • You frequently trade regional markets like Middle Eastern oil company stocks, since the SAR is strongly aligned with oil prices.
  • You are an overseas trader seeking to diversify your portfolio by holding capital in a relatively strong US-pegged currency.

How Can I Check If A Broker Offers An Account In Saudi Riyals?

You can follow these straightforward steps which we also took to ensure our recommended platform offers a SAR account:

  1. Navigate to the account types page on the broker’s website to find the selection of base currencies.
  2. Check that ‘SAR’ is available as a supported currency in Saudi Arabia.
  3. Register for an account and choose ‘SAR’ as your base currency.
💡
If available, I recommend opening a demo account in SAR first so you can view your transactions, trading costs and exchange fees in riyals.

Pros & Cons Of SAR Trading Accounts

Pros

  • SAR accounts are subject to fewer or no currency conversion fees for Saudi clients – a notable advantage for active traders who carry out frequent transactions.
  • The Saudi riyal’s peg to the US dollar and the nation’s control over global oil reserves means that the SAR remains relatively stable and can offer a degree of protection against exchange rate volatility.
  • We’ve found brokers with SAR accounts often tailor their services to Saudi traders, for example, by providing local customer support and Islamic accounts (both available at Exness).

Cons

  • SAR accounts are still uncommon and only account for less than 1% of brokers that we’ve evaluated, giving you a much smaller choice of high-quality trading platforms to choose from.
  • Our experience shows that stocks listed on the Tadawul Saudi Stock Exchange are not widely available at most brokers – a notable drawback for Saudi traders looking to trade domestic equities in a SAR-based trading account.
  • Trading other international assets, such as US stocks, may be subject to conversion fees if your account is in SAR. IG, for example, charges 0.8%.

FAQ

Which Is The Best Broker With An SAR Account?

You can refer to our ranking of the best trading platforms with SAR accounts, which have been thoroughly tested by our experts.

How Much Does It Cost To Open A Trading Account Based In Saudi Riyals?

Based on our tests, you will need up to 250 USD (approximately 937 SAR) to open a live trading account. That said, many beginner-friendly brokers require much less, including Exness with just 10 USD (around 37 SAR).

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