FXGT
إعمار للتطوير
A standard lot of EMAARDEV CFD on FXGT's ECN Zero account runs USD 3 per side in commission, so USD 6 round-turn. On Standard+ you pay zero commission but the spread widens to roughly 0.8-1.5 pips instead of 0.0. For a stock trading around AED 8-9, that spread difference is where the real cost hides. The spread-versus-commission tradeoff is the biggest cost decision you will make here.
The Cost Breakdown
| Account Type | Commission | Spread (FX pairs) | Min Deposit | Best For |
|---|---|---|---|---|
| Standard+ | None | From ~0.8 pips | ~USD 5-50 | Lower frequency traders |
| Pro | None | From ~1.0 pips | ~USD 5-50 | Balanced monthly volume |
| ECN Zero | USD 3/side | From 0.0 pips | ~USD 5-50 | High-frequency scalpers |
| Optimus | None | From ~1.5 pips | ~USD 5-50 | High leverage users |
| Mini | None | Wider spreads | ~USD 5-50 | Testing the platform |
| Micro/Cent | None | Wider spreads | ~USD 5-50 | Cent-denominated practice |
The ECN Zero costs less than Standard+ once you move more than about 15 lots in a month. Below that, the spread markup on Standard+ is cheaper than paying the fixed commission. Work out your average monthly volume before picking.
What EMAARDEV Actually Is
Emaar Development PJSC trades on the Dubai Financial Market under the ticker EMAARDEV. It is the development arm behind most of Dubai's master communities - Downtown, Dubai Hills, Emaar Beachfront - so the stock tracks the local real estate cycle more than anything else. It is a large-cap payer that frequently declares special dividends, and it sits in the DFM General Index and major UAE real estate indices. Retail traders in the UAE watch it closely because it is the clearest liquid proxy for Dubai property sentiment without buying a villa.
Leverage Reality Check
FXGT offers up to 1:5000 on the Optimus account. That is not capped by any UAE regulator because GT Global Ltd holds a Seychelles FSA Securities Dealer Licence No. SD019, not a UAE SCA or DFSA licence. One standard lot of EMAARDEV at AED 8.50 is roughly AED 42,500 notional. At 1:5000, your margin is about AED 8.50. A 0.02% adverse move against you wipes that margin entirely. Compare that to the local retail caps of around 1:50 on major FX pairs under SCA/CMA rules.
The Real Costs Add Up
The real costs on this broker are not the spreads. The costs that add up are funding conversion, swap on positions held overnight, and the leverage trap.
| Cost Item | Amount | Practical Meaning |
|---|---|---|
| AED deposit conversion | 0.5-2% typically | No AED-denominated account, only USD/EUR/USD |
| Swap on EMAARDEV CFD | Varies, most assets ~2 days swap-free | Holding over Wednesday costs more |
| ECN Zero commission | USD 3/side | USD 6 round-turn per standard lot |
| Withdrawal fees | Not verified at review | Check before funding |
No broker-side deposit fees exist, minimum deposit runs USD 5-50 depending on method, and cards, bank wire, Neteller, Skrill/STICPAY, Binance Pay/BitWallet and crypto all work. Specific AED rails were not verified at the time of review. The conversion cost from AED to USD hits you on the way in and again on the way out, so it effectively doubles.
Islamic Account Option
FXGT offers swap-free Islamic accounts on request, and most assets have up to roughly 2 days swap-free. That is a standard expectation for UAE retail clients. The nuance is the phrase "on request" - you need to ask for it before funding, not after you have positions open.
SCA licensing requirement
GT Global Ltd holds Seychelles FSA Securities Dealer Licence No. SD019, and FXGT is not authorised by the UAE Securities & Commodities Authority, so no local investor-protection scheme applies. UAE rules require any firm offering forex or CFD services to the public to hold a local licence from SCA/CMA, DFSA, or FSRA. The registration number on the client agreement must match the licensed entity. You can verify firms via the DFSA public register at dfsa.ae or the SCA/CMA open-data register. If local investor protection matters to you, look for a broker with FCA, CySEC, or ASIC oversight and segregated client funds.
Leverage and position management for Emaar Development
Best suited for: traders who understand that a CFD on EMAARDEV is not the same as owning Emaar Development shares, who want leveraged exposure to Dubai real estate without buying property, and who actively manage positions rather than leaving them overnight. The commission-free accounts keep costs predictable for moderate volume.
Not suited for: anyone who mistakes 1:5000 leverage for free money, or who needs the reassurance of a local UAE regulatory licence and investor-protection scheme. If that matters, look at brokers regulated by FCA, CySEC, or ASIC with segregated accounts and a longer track record. The choice is about what you are comfortable with - there is no verified UAE SCA alert against the broker.
Platforms And Instruments
You get MT4, MT5, and the proprietary FXGT WebTrader and app, though some account types are MT5-only. Instrument coverage includes 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs like BTC vs Gold or the S&P 500, 50+ US share CFDs, 10+ indices, metals, and energy CFDs. For EMAARDEV specifically, you are trading it as a CFD rather than the underlying DFM share, which matters for dividends - you typically receive an adjustment rather than the full dividend treatment.
