Why a dollar account suits the region
The UAE dirham, Saudi riyal, Qatari riyal, Bahraini dinar, Omani rial and Jordanian dinar are all pegged to the US dollar. For traders in those countries, an account held in US dollars carries almost no exchange-rate risk back into the local currency. Kuwait manages its dinar against a basket, and Egypt and Lebanon have floating or crisis-hit currencies where a dollar account is a deliberate choice.
Friday, Sunday and the forex week
Forex trades from Monday to Friday. In Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, Jordan and Egypt the weekend is Friday and Saturday, so Friday is a trading day on your weekend and Sunday is closed. The UAE and Lebanon work Monday to Friday, the same week as the market. Each country page shows the market open and close in local time.
Countries in Middle East
| Country | Currency | Time zone | London opens (winter) | Weekend |
|---|---|---|---|---|
| UAE | UAE dirham (AED) | UTC+4 | 12:00 | Saturday–Sunday |
| Saudi Arabia | Saudi riyal (SAR) | UTC+3 | 11:00 | Friday–Saturday |
| Kuwait | Kuwaiti dinar (KWD) | UTC+3 | 11:00 | Friday–Saturday |
| Qatar | Qatari riyal (QAR) | UTC+3 | 11:00 | Friday–Saturday |
| Bahrain | Bahraini dinar (BHD) | UTC+3 | 11:00 | Friday–Saturday |
| Oman | Omani rial (OMR) | UTC+4 | 12:00 | Friday–Saturday |
| Jordan | Jordanian dinar (JOD) | UTC+3 | 11:00 | Friday–Saturday |
| Lebanon | Lebanese pound (LBP) | UTC+2 | 10:00 | Saturday–Sunday |
| Egypt | Egyptian pound (EGP) | UTC+2 | 10:00 | Friday–Saturday |
Each country page has the full session table in local time, the markets most tied to the local economy and the regulator to check with.
Check your local rules
AlphaFX Pro is an international broker and is not licensed by the regulators in these countries. Make sure you are permitted to trade CFDs with an overseas broker where you live before you open an account.
Frequently asked questions
Which currency is my account in?
US dollars. Deposits and withdrawals are made in USDT on BEP20 or TRC20.
Do you have offices in the region?
No. AlphaFX Pro serves clients online and does not have local offices.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is general information, not investment advice. Read the Risk Disclosure.