Traders Union (TU) analysts have prepared a comparative analysis of the best brokers Oman in 2024. Experts performed the analysis taking into account the specifics of trading in the country. In their evaluation, TU experts use over 100 criteria that are split into groups. They have collected all the necessary data providing a possibility for novice traders from Oman to give an unbiased evaluation to a broker. Using this information, a user can choose the company that meets his criteria.
The Most Reliable Brokers Oman by TU include the following:
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
Vantage Markets is a broker that is a real catch for traders who prefer ECN trading.
Pacific Union is a CFD broker, which means its pool of trading instruments consists solely of contracts for difference. There are many CFDs available, grouped into seven categories. Considering the high leverage, there is significant profit potential. Costs are reduced due to the absence of trading commissions on some accounts, and in most cases, there are no fees for fund withdrawals. The broker has a copy trading service. Beginners receive decent bonuses at the start, and there is a standard referral program that can provide additional income. The wide choice of accounts and trading platforms personalizes the broker's offerings and expands traders' opportunities. The drawbacks of Pacific Union are typical for most of the representatives in the segment.
The Fibo Group has an excellent reputation and a great history with a deserved the large number of traders working with them in the Forex market. The company provides comfortable working conditions for both beginners and professional traders.
Best forex brokers for beginners in Oman in 2024
| RoboForex | FBS | Vantage Markets | Pacific Union | FIBO Group | |
|---|---|---|---|---|---|
Trading platform |
МТ4, МТ5, R StocksTrader, R MobileTrader, R WebTrader |
MetaTrader 4, MetaTrader 5, FBS Trader |
Vantage Markets app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader, ProTrader |
MT4, MT5, WebTrader, Pacific Union |
MetaTrader 4, MetaTrader 5, cTrader, WebTerminal MT4, WebTerminal MT5 |
Min deposit |
$10 |
$1 |
$50 |
$50 |
$300 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:500 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Spread |
From 0.0 points |
From 0.2 points |
From 0.0 points |
From 0.0 points |
From 0.8 points |
Level of margin call / stop out |
60% / 40% |
40% / 20% |
100% / 50% |
120% / 50% |
25% / 20% |
Execution of orders |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution |
NDD, Market Maker |
No deposit bonus |
No |
$5 |
No |
No |
No |
Cent accounts |
Yes |
Yes |
No |
No |
No |
There are certain specifics in trading, which novice traders residing in the territory of Oman need to know about:
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Novice traders need educational courses. The bigger the educational blocks, the more useful knowledge you will gain.
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Take notice of the availability of a demo account or a cent account. Traders can use these accounts to practice without considerable costs. A demo account allows you to work with virtual money, and a cent account - with micro lots, where your profit or loss amounts to just several dollars or even cents.
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When choosing a broker, it is important to evaluate its fees schedule. Novice traders should check out the fees on cent or basic accounts.
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If a novice trader professes Islam, he needs to make sure that an Islamic account is available. it is a special swap-free account that does not violate the Sharia law.
1
Best Forex broker for beginners in Oman - RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
👍 Advantages of trading with RoboForex for traders from Oman:
•Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
•Highest affiliate payments: up to 84% of the fee paid by the referral
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 Disadvantages of RoboForex for traders from Oman:
•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
•Lack of tools when trading on the R StocksTrader platform
RoboForex Commissions & Fees for traders from Oman
RoboForex charges trading fees. The fees are charged as the spread. In the fees review for traders from Oman, you can learn about their rates depending on the account type.
RoboForex Commissions and Fees in Oman
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Pro |
$13 |
No |
Pro-Cent |
$13 |
No |
ECN |
$3 |
No |
Prime |
$1 |
No |
2
Best Forex broker for beginners in Oman - FBS
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders from Oman:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders from Oman:
•no cryptocurrency;
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
FBS Commissions & Fees for traders from Oman
FBS charges trading fees. The fees are charged as the spread. In the fees review for traders from Oman, you can learn about their rates depending on the account type.
FBS Commissions and Fees in Oman
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Standard |
From $1.7 |
No |
Cent |
From $1.3 |
No |
3
Best Forex broker for beginners in Oman - Vantage Markets
Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.
👍 Advantages of trading with Vantage Markets for traders from Oman:
•A vast array of trading instruments like 1000+ currency pairs and contracts for difference (CFDs).
•The broker has licenses from four reputable regulators.
•Classic trading terminals and a proprietary mobile application.
•An extensive array of trading signals to choose from for traders, regardless of the type of trading account.
👎 Disadvantages of Vantage Markets for traders from Oman:
•Customers from most countries are forced to cooperate with a branch that has an offshore license.
•Limited training and a lack of information on Forex trading.
•Snail-paced withdrawal of funds with the requirement to comply with special conditions.
Vantage Markets Commissions & Fees for traders from Oman
Vantage Markets charges trading fees. The fees are charged as the spread. In the fees review for traders from Oman, you can learn about their rates depending on the account type.
Vantage Markets Commissions and Fees in Oman
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Standard STP |
From $0 |
No |
RAW ECN |
From $3 |
No |
Pro ECN |
From $1.5 |
No |
Swap Free |
From $0 |
No |
4
Best Forex broker for beginners in Oman - Pacific Union
Pacific Union is a broker that allows trading in contracts for difference (CFDs) on hundreds of assets from the following categories: currencies, stocks, bonds, indices, commodities, metals, and exchange-traded funds (ETFs). New users receive a free demo account with a balance of 100,000 virtual dollars. Real accounts come in five types, differing in trading parameters and catering to traders of different levels. The minimum deposit is $20, and spreads are floating, starting from 0 or 1.3 pips depending on the chosen account. The maximum leverage is 1:1000. The broker's clients operate through MetaTrader 4, MetaTrader 5, and WebTrader trading platforms. The company also has a highly-rated mobile platform. In addition to active trading, traders can earn through a standard referral program and register in an integrated copy trading service. Pacific Union offers attractive bonuses through five active programs. The broker provides free technical and fundamental analysis tools and news analytics. It also has an extensive educational system.
👍 Advantages of trading with Pacific Union for traders from Oman:
•The minimum deposit is lower than the market average, and a free demo account and high-quality training ensure a low entry threshold.
•Traders can work with hundreds of assets with high leverage and no trading restrictions, resulting in high-profit potential.
•Narrow spreads combined with low commissions guarantee minimal trading costs.
•Traders can choose from five real account options, including an Islamic account with no swaps or interest charges.
•A wide selection of trading platforms, including mobile versions, allows traders to work comfortably in most conditions.
•The copy trading platform is transparent, fast, and features an intuitive interface.
•Customer support is available through the main communication channels, operates round the clock without interruptions, and has received numerous positive reviews.
👎 Disadvantages of Pacific Union for traders from Oman:
•This broker only offers trading with CFDs.
•Apart from copy trading, the company does not provide other passive income options such as joint accounts, cryptocurrency staking, etc.
•Residents of Australia, Singapore, and some other countries cannot collaborate with this broker.
Pacific Union Commissions & Fees for traders from Oman
Pacific Union charges trading fees. The fees are charged as the spread. In the fees review for traders from Oman, you can learn about their rates depending on the account type.
Pacific Union Commissions and Fees in Oman
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Cent |
From $1.3, no commission |
No, for most withdrawal methods |
Standard |
From $13, no commission |
No, for most withdrawal methods |
Pro |
From $13, no commission |
No, for most withdrawal methods |
Prime |
From $0, the commission is $3.50 per lot |
No, for most withdrawal methods |
Islamic |
From $13, the commission is $0-3.50 per lot |
No, for most withdrawal methods |
5
Best Forex broker for beginners in Oman - FIBO Group
Fibo Group broker is an international financial holding company, it has been operating since 1998. It is considered to be one of the first brokers to operate in the Forex market. The company offers a wide range of services for trading and investing. Fibo Group is an award-winning company, having won “Best ECN Broker” at the Forex EXPO in 2014 and “The Most Trusted Forex Broker 2014” according to the International Investment and Finance Exhibition of China. These achievements are a testament to their high quality. The broker is licensed by FSC. Jurisdiction - British and Virgin Islands (SIBA/L/13/1063).
👍 Advantages of trading with FIBO Group for traders from Oman:
•a wide range of trading platforms, including terminal versions for mobile devices.
•24/7 technical support.
•large selection of currency pairs (over 60).
👎 Disadvantages of FIBO Group for traders from Oman:
•penalties and fees for early money withdrawal from a PAMM account.
•customer service is available 24/7, but often there is a response delay of 12 hours or more.
•a fairly modest program for bonuses, promotions, and special offers.
•large minimum deposits, which can be a problem for the beginner traders.
•relatively high spreads, especially when working with not the most popular trading instruments.
FIBO Group Commissions & Fees for traders from Oman
FIBO Group charges trading fees. The fees are charged as the spread. In the fees review for traders from Oman, you can learn about their rates depending on the account type.
FIBO Group Commissions and Fees in Oman
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Cent |
From $0.06 |
Yes |
Fixed |
From $20 |
Yes |
NDD |
From $0 |
Yes |
cTrader NDD |
From $0 |
Yes |
NDD No Commission |
From $8 |
Yes |
MT5 NDD |
From $0 |
Yes |
Fees and Commissions
When choosing a broker, it is very important to evaluated the structure of its fees. The fees are the main source of income for brokerage companies.
The brokers usually charge two finds of fees: spread and lot fee.
Spread is more popular than the lot fee. However, the type of fee depends on the trading account. Make sure you review the conditions.
The lowest spreads are always found on ECN accounts. Availability of such account types is an important advantage for any broker.
The type of fees can depend on your trading strategy, but a detailed calculation needs to be performed anyway.
The fees charged by brokers often vary depending on the trading account type and also the instruments a trader works with. The higher the popularity and liquidity of certain instruments, the narrower the spreads or the lower the fees per lot.
Summary
Choosing the right broker is not a simple task for new traders in Oman, as they have to take into account many nuances. Each of those could considerably impact your trading successes or your profit. Trading instruments that the broker offers traders from Oman, trading conditions and the quality of educational materials need to be evaluated. Availability of a demo account or a cent account you can use to practice is an important advantage. Keep in mind that before opening a position, you need to assess its risk level.
Top Forex brokers for beginners in 2024 for traders from Oman
| RoboForex | FBS | Vantage Markets | Pacific Union | FIBO Group | |
|---|---|---|---|---|---|
Overall score |
8.61 |
8.28 |
7.32 |
6.14 |
5.77 |
Execution of orders |
8.95 |
9.5 |
8.2 |
4.17 |
4.27 |
Investment instruments |
8.2 |
6.96 |
9.19 |
4.27 |
5.49 |
Withdrawal speed |
9.71 |
9.57 |
8.2 |
9.71 |
6.57 |
Customer Support work |
9.17 |
7.58 |
6.64 |
5.68 |
5.55 |
Variety of instruments |
8.75 |
7.02 |
7.37 |
8.75 |
7.02 |
Trading platform |
6.86 |
9.03 |
4.31 |
4.28 |
5.73 |
FAQ
What amount does a novice trader need in order to start trading?
It depends on the account type. For a cent account, USD 50 is enough. For trading on a real account, it is better to deposit at least $300-500.
How do I choose a reliable broker Oman?
According to the requirements of country Oman, a broker must disclose all information, including the name, registration data, legal address, etc. License for financial activity is the key document.
Should I accept the bonuses for beginners?
Bonuses for beginners can make trading more profitable, but before accepting a bonus, make sure you read the conditions for receiving bonuses by traders from Oman.
Can a beginner earn passive income in the Forex market while he is learning?
Yes. For example, you can use PAMM accounts or copy trading platforms. Make sure that these kinds of investment opportunities are available for traders from Oman.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.