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QA · Country profile

Best brokers in Qatar

Qatar has two regulators: the Qatar Financial Markets Authority (QFMA) for the onshore market and the Qatar Financial Centre Regulatory Authority (QFCRA) for firms in the Qatar Financial Centre (QFC). Besides the QE Index, the Qatar Stock Exchange calculates the QE Al Rayan Islamic Index and reviews its constituents twice a year. We could not read the QFMA registers or investor statistics, and we found no investor compensation scheme.

The ranking

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Brokers available
36of 72
With a local licence
0
Tier-1 regulated
34
Avg. score
4.0

Market in figures

Qatar: the broker market in figures

36 of the 72 brokers in our dataset accept clients resident in Qatar. The figures below count only what a record documents — a missing entry never counts as a yes.

Customer support in Arabic
25of 36
Commission on a €5,000 share order
€0 – €510 providers with a comparable price
No custody fee (documented)
17of 36

Run your own numbers

Country profile

Market profile

Supervision, investor protection and tax — the three points that decide the account.

Qatar

QA · Country profile

Local currency
QAR
Local regulator
QFMAQFCRA
Recorded providers
36 of 72

Investor protection

n/a

The part that decides

Tax notes

Per PwC (reviewed 17 September 2026), an individual's gains on the sale of securities are exempt as long as the securities are not assets of a taxable activity; dividends are not taxable if paid from profits taxed in Qatar or from tax-exempt companies. Per Deloitte (June 2026), Qatar imposes no withholding tax on dividends. We have not read the official law text. There is no income tax treaty with the United States, so US dividends bear 30% US withholding tax.

Brokers that withhold tax locally

Our dataset records no provider as a tax withholding agent for this country. How you declare the income is governed by the country's tax law.

Orientation based on the general legal position — not tax advice. Your personal situation and the legislation in force at the time govern.

Available here

The ranking

Ranked by our overall score across ten weighted criteria. Only providers that accept clients resident here.

See all brokers
Where you live decides which brokers and promotions are open to you. The page language is independent of it.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Rank 1IG logo

IG

The most complete leveraged-trading operation in Europe — and it prices like it knows that.

  • Experienced CFD and spread bet traders
  • Multi-asset traders who want one account

Volume rebate — CFD volume rebate at the Bermuda entity

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.8 %
StocksETFsOptionsFutures+9
  • Pros: Around 17,000 tradable markets in a single account — shares, indices, FX, commodities, bonds, ETFs, turbo warrants and crypto CFDs, subject to regional restrictions
  • Cons: The 0.8% currency conversion mark-up on foreign-currency CFD and spread bet trades is where much of the real cost hides — on a USD position round-trip it comfortably exceeds the spread
Group index 100/100
FCABaFin, FINMA, ASIC, MAS, JFSA, DFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 2Interactive Brokers logo

Interactive Brokers

The cheapest serious route to almost every market on earth — if you can live with the learning curve.

  • Active and professional traders
  • Multi-currency investors

Up to USD 1,000 in stock — Referral programme with share credit

Note: this button leads to the Interactive Brokers home page and is not a referral link. The share credit is only available if you open the account through an invitation from an existing Interactive Brokers client.

Stocks (per order)
0.05 %
Minimum deposit
None
FX conversion
0 %
StocksETFsOptionsFutures+8
  • Pros: US stocks from USD 0.0035 per share on the Tiered plan, minimum USD 0.35 per order and capped at 1% of trade value
  • Cons: Customer support is the most common complaint: many requests go through the ticket system, and public reviews (e.g. on Trustpilot) often cite slow replies and template answers
Group index 90/100
SECFCA, CBI, ASIC, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 3CMC Markets logo

CMC Markets

One of the best charting packages in retail CFD trading, wrapped around a narrower product range than the market count suggests.

  • Technical and chart-driven traders
  • UK and Irish spread betting
Stocks (per order)
Free (CFD)
Minimum deposit
None
FX conversion
0.7 %
StocksETFsOptionsForex+6
  • Pros: Next Generation is one of the strongest charting suites bundled with a retail CFD account —115+ indicators, 70 chart patterns, 12 chart types and pattern-recognition scanners, at no extra cost
  • Cons: None of CMC's derivatives is exchange-traded: the options it quotes are OTC and cash-settled, and there are no cleared futures at all, so CMC is the counterparty on every derivative contract and no clearing house stands behind it
Group index 94/100
FCAASIC, BaFin, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 4

Pepperstone

Raw spreads and five platforms for traders who care about execution cost, not about owning the asset.

  • Active FX traders
  • Scalping and day trading

From 0.0 pips — Raw spreads from 0.0 pips with commission

Stocks (per order)
0.1 % (CFD)
Minimum deposit
US$10
FX conversion
n/a
StocksETFsForexCFDs+5
  • Pros: Razor all-in EUR/USD cost of about 0.8 pips - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Everything is a CFD. You never own the share or ETF, so there are no voting rights, no transferable holdings and no dividend tax reclaim
Group index 82/100
FCAASIC, BaFin, CySEC, DFSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 5Saxo logo

Saxo

A Danish bank that trades like a professional platform — broad, polished, and no longer expensive.

  • Multi-asset portfolios
  • Bond investors

Tiered — Improved pricing at higher account tiers

Stocks (per order)
0.08 %
Minimum deposit
None
FX conversion
0.25 %
StocksETFsOptionsFutures+7
  • Pros: Full Danish banking licence (Finanstilsynet licence 1149) and SIFI designation — a stronger structural safeguard than a broker-only permission
  • Cons: Currency conversion costs 0.25% over mid-market for EU and Swiss clients, and up to 0.60% at the UK entity's Classic tier — the single largest hidden cost for cross-currency investors
Group index 96/100
DFSAFCA, FINMA, MAS, JFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 6Capital.com logo

Capital.com

A polished retail CFD platform in Europe, provided you accept that CFDs are the whole product.

  • Active CFD traders
  • Forex day trading
Stocks (per order)
in the spread
Minimum deposit
US$20
FX conversion
0.7 %
StocksETFsForexCFDs+4
  • Pros: No commission on any CFD and no inactivity fee whatsoever — unusual in the CySEC/FCA CFD segment
  • Cons: 0.7% currency conversion markup on every trade settled outside your base currency — the single largest hidden cost here
Group index 77/100
FCAASIC, CySEC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 7XTB logo

XTB

One of the strongest trading platforms in the commission-free bracket - xStation 5 is a professional workspace attached to a zero-commission share account.

  • Serious charting on a budget
  • Commission-free European stocks

0% — 0% commission on stocks and ETFs up to the monthly volume cap

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.5 %
StocksETFsOptionsForex+4
  • Pros: xStation 5 is one of the strongest platforms in the commission-free bracket - a real screener, market heat map, sentiment data, economic calendar and news in one workspace, on web, desktop and mobile with near-identical features.
  • Cons: The 0.5% currency conversion charge (0.8% at weekends and on public holidays) applies whenever the instrument currency differs from your account currency. For a EUR investor buying US stocks it is charged on the way in and again on the way out, and it dwarfs the commission it replaces.
Group index 72/100
FCAKNF, CySEC, CNMV, DFSA, FSCA, FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 8CapTrader logo

CapTrader

Interactive Brokers' market access wrapped in German regulation, German support and a German phone number.

  • German-speaking options and futures traders
  • Active traders who want IBKR pricing with German support
Stocks (per order)
0.1 %
Minimum deposit
€2,000
FX conversion
0 %
StocksETFsOptionsFutures+7
  • Pros: BaFin-supervised German investment firm (institution number 10156708) with a Düsseldorf address, German contract law and a free German hotline until 20:00
  • Cons: No Abgeltungsteuer is withheld. German investors gain a compounding advantage but must declare everything themselves via Anlage KAP, and a Freistellungsauftrag is not possible — for many people that alone rules CapTrader out
Group index 81/100
BaFinCBI, FCA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 9

IC Markets

One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.

  • Algorithmic and EA traders
  • Scalping and high-frequency FX
Stocks (per order)
0.1 % (CFD)
Minimum deposit
€200
FX conversion
n/a
StocksFuturesForexCFDs+5
  • Pros: All-in EUR/USD cost of roughly 0.6 to 0.8 pips on Raw Spread - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Most non-EU, non-Australian clients contract with Raw Trading Ltd under Seychelles licence SD018 - an offshore regulator with no investor compensation scheme behind it
Group index 70/100
ASICCySEC, FSCA, FSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 10Kraken logo

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

  • Traders who prioritise regulatory quality
  • Crypto derivatives and margin traders
Stocks (per order)
Share trading not offered
Minimum deposit
€1
FX conversion
n/a
StocksETFsOptionsFutures+3
  • Pros: Wyoming SPDI bank charter through Kraken Financial — a full-reserve institution required to hold 100% unencumbered liquid assets against customer fiat, with a Federal Reserve limited-purpose master account
  • Cons: Entry-tier spot pricing of 0.40% maker and 0.80% taker is the most expensive base rate among major regulated venues, and you need USD 10,000 of 30-day volume before it drops below 0.40% taker
Group index 78/100
CBIFCA, SEC, CFTC, WY DoB, CySEC, VARA, BVI FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 11

OANDA

Thirty years, six top-tier licences and one of the strongest mobile apps in FX - attached to spreads you have to work around.

  • Beginners
  • Mobile-first traders
Stocks (per order)
0.06 % (CFD)
Minimum deposit
None
FX conversion
1 %
StocksETFsForexCFDs+6
  • Pros: Regulated by six tier-1 authorities - CFTC/NFA, FCA (542574), CIRO, ASIC (AFSL 412981), MAS and the JFSA - a licence footprint almost nobody in retail FX matches
  • Cons: The default spread-only account is expensive: EUR/USD has been measured at 1.4 to 1.7 pips against roughly 0.8 pips all-in at raw-spread competitors
Group index 89/100
CFTC/NFAFCA, ASIC, CIRO, MAS, JFSA, KNF, BVI FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 12

ThinkMarkets

Raw-spread pricing, six licences and a strong mobile app - held back by its withdrawal record.

  • Active FX traders
  • Mobile-first traders
Stocks (per order)
in the spread (CFD)
Minimum deposit
None
FX conversion
n/a
StocksETFsForexCFDs+4
  • Pros: ThinkZero all-in EUR/USD cost of about 0.8 pips - raw spreads from 0.0 pips plus USD 3.50 per lot per side on forex and metals
  • Cons: 75 percent of ThinkMarkets UK retail accounts lose money trading CFDs, and disclosures across the group's entities have ranged from roughly 68 percent to 89 percent
Group index 79/100
FCAASIC, JFSA, CySEC, FSCA, FSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Accounts and offers

What brokers in our comparison offer in Qatar

Only brokers that accept clients resident in Qatar, and only what a source documents. A broker missing from a row is undocumented — not a “no”.

Website in Arabic

Swap-free account for CFD and forex trading

Swap-free means no overnight financing on leveraged positions; other fees are possible (see source). This is leveraged trading with a high risk of loss.

  • eToroSource: etoro.comAs of 25 October 2026

    Per eToro, available only to customers from the UAE, Qatar, Oman, Bahrain, Saudi Arabia, Kuwait, Jordan, Morocco, Egypt and Algeria. CFD positions held overnight incur an administrative fee after seven days; minimum deposit USD 1,000. eToro says the fee is not linked to interest.

  • Capital.comSource: help.capital.comAs of 25 October 2026

    Per Capital.com, for clients who cannot use a regular account because of their religion, faith or beliefs, in the UAE, Kuwait, Qatar, Bahrain, Oman, Jordan, Saudi Arabia, Egypt, Lebanon, Tunisia, Algeria and Morocco. The page does not say what replaces the swap. Switching requires no open trades and a request to client support.

  • ExnessSource: get.exness.helpAs of 25 October 2026

    Per Exness, clients who register from a country on its list get swap-free status automatically, on all instruments. On another help page Exness reserves the right to charge an administration fee on positions held overnight, depending on the client's trading activity.

  • PepperstoneSource: pepperstone.comAs of 25 October 2026

    The country list is on the page of Pepperstone's Kenyan entity; the UAE and Saudi Arabia are not on it. Per that page, once a trade has been open for five days Pepperstone deducts an admin charge per standard lot (FX and precious metals).

  • BlackBull MarketsSource: blackbull.comAs of 25 October 2026

    Per BlackBull Markets, at its discretion and only for the countries on its list; Bahrain is not on it.

Accepts clients resident in the country

By trading style

Best broker per category

Every category weights the rating criteria differently — which is why the same provider rarely wins everywhere.

Transparency

Not available here

Transparency means showing the gaps too. These recorded providers do not accept clients resident here.

Tax and protection

Tax, supervision and investor protection in Qatar

Every fact with its source and the date we read it. Not tax or investment advice.

Supervision

Exchange

Investor protection

Our research found no official source for an investor compensation scheme in this country. That does not mean there is none.

US withholding tax

30% on US dividends: there is no income tax treaty with the US

Source: irs.gov/individuals/international-taxpayers/nra-wit…As of 25 October 2026Source: irs.gov/businesses/international-businesses/united-…As of 25 October 2026

Qatar is not on the IRS list of US income tax treaties (updated 3 January 2026). The statutory 30% therefore applies to most US-source income, dividends included.

Islamic finance in this market

We report what exchanges, regulators and providers state themselves, without judging it. Standards differ. Whether an investment is compatible with your faith is a question for a scholar you trust.

  • Islamic index of the exchange

    QE Al Rayan Islamic Index

    Issuing body: Qatar Stock Exchange

    Source: thegroup.com.qaAs of 25 October 2026

    The exchange reviews the constituents twice a year; the review dated 13 November 2025 applies from 1 December 2025. We read the exchange's announcement as republished by the broker The Group Securities, not on the exchange's own website.

Sources and dates

We read every fact in these sections at the source named, on the date shown. Law and offers change; the source is what counts.

Show 29 sources
  1. Source: qfma.org.qaAs of 25 October 2026
  2. Source: qfcra.comAs of 25 October 2026
  3. Source: interactivebrokers.comAs of 25 October 2026
  4. Source: etoro.comAs of 25 October 2026
  5. Source: help.capital.comAs of 25 October 2026
  6. Source: get.exness.helpAs of 25 October 2026
  7. Source: pepperstone.comAs of 25 October 2026
  8. Source: blackbull.comAs of 25 October 2026
  9. Source: ig.comAs of 25 October 2026
  10. Source: cmcmarkets.comAs of 25 October 2026
  11. Source: pepperstone.comAs of 25 October 2026
  12. Source: home.saxoAs of 25 October 2026
  13. Source: capital.comAs of 25 October 2026
  14. Source: xtb.comAs of 25 October 2026
  15. Source: ic.comAs of 25 October 2026
  16. Source: thinkmarkets.comAs of 25 October 2026
  17. Source: activtrades.comAs of 25 October 2026
  18. Source: dukascopy.comAs of 25 October 2026
  19. Source: etoro.comAs of 25 October 2026
  20. Source: axi.comAs of 25 October 2026
  21. Source: fxpro.aeAs of 25 October 2026
  22. Source: tickmill.comAs of 25 October 2026
  23. Source: vantagemarkets.comAs of 25 October 2026
  24. Source: blackbull.comAs of 25 October 2026
  25. Source: markets.comAs of 25 October 2026
  26. Source: plus500.comAs of 25 October 2026
  27. Source: irs.govAs of 25 October 2026
  28. Source: irs.govAs of 25 October 2026
  29. Source: thegroup.com.qaAs of 25 October 2026

Head to head

The top 8, row by row

Fees apply to retail accounts under normal market conditions. Each provider's data date is on its review.

The top 8, row by row — Qatar
Rank#BrokerOverall scoreStocks (per order)Minimum depositFX conversionLocal licenceTax withheldAsset classesAction
1IG logoIGFCA · BaFin · FINMA4.5FreeNone0.8 %Local licenceTax withheld13Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

2Interactive Brokers logoInteractive BrokersSEC · FCA · CBI4.50.05 %None0 %Local licenceTax withheld12Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

3CMC Markets logoCMC MarketsFCA · ASIC · BaFin4.4Free (CFD)None0.7 %Local licenceTax withheld10Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

4PepperstoneFCA · ASIC · BaFin4.40.1 % (CFD)US$100.8 pipsLocal licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

5Saxo logoSaxoDFSA · FCA · FINMA4.40.08 %None0.25 %Local licenceTax withheld11Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

6Capital.com logoCapital.comFCA · CySEC · ASIC4.3in the spreadUS$200.7 %Local licenceTax withheld8Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

7XTB logoXTBKNF · FCA · CySEC4.3FreeNone0.5 %Local licenceTax withheld8Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

8CapTrader logoCapTraderBaFin · CBI · FCA4.20.1 %€2,0000 %Local licenceTax withheld11Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Provider holds a licence from a supervisory authority of this country. Our dataset records the provider as a tax withholding agent for this country.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Countries

Frequently asked questions

36 of the 72 providers recorded in our dataset accept clients resident in Qatar. The highest rated right now are IG, Interactive Brokers and CMC Markets. The full ranking with fees and regulation is at the top of this page.

Content on Brokaro is for information purposes only and is not investment, legal or tax advice.

Read on

Guides and calculators for investors in Qatar

Background on tax, fees and regulation — and calculators for your own amounts.

Guides

Calculators

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