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CMA Regulated Forex Brokers 2026

Tier 2 - Well Regulated
Capital Market Authority (Saudi Arabia)  ·  Kingdom of Saudi Arabia  ·  Est. 2003

The Capital Market Authority (CMA) of Saudi Arabia is the independent government body responsible for regulating and developing the Saudi capital market, including securities exchanges, investment funds, and financial advisory services. Established in 2003, the CMA oversees the Saudi Exchange (Tadawul) and supervises financial services firms operating in the Kingdom. As Vision 2030 drives Saudi Arabia's financial sector transformation, the CMA has become an increasingly important regulator. For retail forex traders in Saudi Arabia, the CMA provides the primary domestic regulatory framework. Most Saudi traders use internationally regulated brokers (FCA, ASIC, CySEC) alongside or instead of locally CMA-licensed entities.

Regulator Type
Independent government body
Compensation Scheme
No specific retail compensation fund
Jurisdiction
Kingdom of Saudi Arabia
Regulatory Powers
Licensing, supervision, enforcement, market oversight
Supervised Exchange
Saudi Exchange (Tadawul)
Regulatory Register
CMA register at cma.org.sa

Forex Brokers Regulated by CMA (1 found)

#1
Equiti logo
Equiti ☛ Islamic
Min deposit: $500.00  ·   Leverage: 1:500  ·   EUR/USD: 0.80 pips
Regulated by: FCA, ASIC, FSA, CMA

What Is the Capital Market Authority (Saudi Arabia)?

The Capital Market Authority (CMA) of Saudi Arabia is the independent government body responsible for regulating and developing the Saudi capital market, including securities exchanges, investment funds, and financial advisory services. Established in 2003, the CMA oversees the Saudi Exchange (Tadawul) and supervises financial services firms operating in the Kingdom. As Vision 2030 drives Saudi Arabia's financial sector transformation, the CMA has become an increasingly important regulator. For retail forex traders in Saudi Arabia, the CMA provides the primary domestic regulatory framework. Most Saudi traders use internationally regulated brokers (FCA, ASIC, CySEC) alongside or instead of locally CMA-licensed entities.

How to Verify CMA Regulation

Before depositing funds with any broker, verify their regulatory status directly on the CMA official register. Do not rely solely on licence numbers displayed on a broker's website - always cross-check the number against the public register. The official website is listed in the key facts above. Be wary of clone firms that use the names and registration numbers of legitimate brokers to deceive traders. For a full breakdown of all GCC and international regulators, see our GCC Forex Regulation Complete Guide.

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Frequently Asked Questions

Does Saudi Arabia have a forex regulator?
Yes. The Capital Market Authority (CMA) is the primary financial regulator in Saudi Arabia. The CMA oversees investment firms and financial services companies operating in the Kingdom. For retail forex specifically, the CMA has issued guidance requiring traders to use regulated brokers. The CMA regularly publishes investor warnings about unlicensed offshore brokers targeting Saudi clients.
Do I need a CMA-licensed broker to trade forex in Saudi Arabia?
Using a CMA-licensed broker is recommended for the strongest local regulatory protection. However, Saudi traders commonly and legally use internationally regulated brokers (FCA, ASIC, CySEC) - this is widely practised. The key is to avoid completely unlicensed brokers with no regulatory oversight anywhere. Always verify regulation before depositing funds.
Is forex trading halal in Saudi Arabia under CMA rules?
The CMA does not issue specific rulings on the religious permissibility of forex trading - that falls to Islamic scholars and Saudi Arabia's religious institutions. From a regulatory standpoint, forex trading is permitted in Saudi Arabia under CMA oversight. Islamic swap-free accounts are universally available from major regulated brokers, eliminating overnight interest charges.
How do I check if a broker is CMA regulated?
Visit cma.org.sa and use the licensed entities register to search for a broker's name or licence number. The CMA also maintains a list of unauthorised firms and warning notices. If a broker claims CMA authorisation, always verify it directly on the official register.

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