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Baraka in United Arab Emirates — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%55
- Safety20%100
- Payouts15%40
- Track record10%30
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- Baraka Financial Limited
- Local standing
- UAE-regulated by the Dubai Financial Services Authority (DFSA)
- Licence as the register states it
- Baraka Financial Limited authorized by the Dubai Financial Services Authority (DFSA) in the DIFC — Category 3C license with Retail Client and Holding & Controlling Client Assets endorsements. Parent holding company sits in ADGM. Not a DFM/ADX member broker (invests in US-listed securities).
- Leverage for this entity
- no retail forex; unleveraged equities/ETFs (options and margin availability not verified at review)
- The firm behind it
- Commission-free investing fintech founded in the UAE in 2021; mobile-only; targets GCC retail investors; US-listed securities held with SIPC coverage up to $500,000 (incl. $250,000 cash)
- What we hold against it
- No regulator enforcement actions found; not verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.
no retail forex; unleveraged equities/ETFs (options and margin availability not verified at review)
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUAE-regulated by the Dubai Financial Services Authority (DFSA)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Self-directed investment/trading account (mobile app), USD-denominated, funded from AED. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Baraka sits in the UAE base(75 brokers)
Round-turn cost, USD (60 of 75 priced)
Median 7 USD · range 2-35 · 15 of 75 brokers do not publish it
Minimum deposit, USD (33 of 75 priced)
Median 50 USD · range 0-10000 · 42 of 75 brokers do not publish it
Retail leverage (53 of 75 with a UAE figure)
Median 1:500 · range 1-5000 · 22 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 1 local)
UAE bank transfer, debit/credit cards, Apple Pay;
- UAE bank transferlocal
- Credit cards
- Apple Pay
- Account currency
- AED
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(15 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
- baraka mobile app
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| baraka mobile app | — | — | —UAE |
98 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 92 more.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the United Arab Emirates regulator in its own register
- Swap-free account available
- Safety 100 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal in 72 h, over the United Arab Emirates median 24
- Platforms 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in the UAE(6 of 75 scored in United Arab Emirates)
- Round turn, USD
- 6UAE
- Min deposit, USD
- 50UAE
- Leverage
- 1000 group
- Rank in this country
- #16
- Round turn, USD
- 7UAE
- Min deposit, USD
- 500 groupUAE
- Leverage
- 30UAE
- Rank in this country
- #30
- Round turn, USD
- 6UAE
- Min deposit, USD
- 200UAE
- Leverage
- 50UAE
- Rank in this country
- #1
- Round turn, USD
- 7UAE
- Min deposit, USD
- 10 groupUAE
- Leverage
- 200UAE
- Rank in this country
- #2
- Round turn, USD
- 5UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 50UAE
- Rank in this country
- #3
- Round turn, USD
- 6UAE
- Min deposit, USD
- 0UAE
- Leverage
- 500UAE
- Rank in this country
- #11
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a UAE score. Full methodology
| Axis | Weight | What is measured | Baraka |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 55 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 30 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Baraka accept residents of United Arab Emirates?
- Yes. UAE-regulated by the Dubai Financial Services Authority (DFSA) Onboarding entity: Baraka Financial Limited
- Is Baraka licensed to serve clients in United Arab Emirates?
- Baraka Financial Limited authorized by the Dubai Financial Services Authority (DFSA) in the DIFC — Category 3C license with Retail Client and Holding & Controlling Client Assets endorsements. Parent holding company sits in ADGM. Not a DFM/ADX member broker (invests in US-listed securities). Checked on 11.07.2026.
- Which trading platforms does Baraka support?
- baraka mobile app. Instruments: 20,000+ US-listed stocks and ETFs, plus gold, bonds and options; fractional shares
- How can I withdraw money from Baraka in United Arab Emirates?
- UAE bank transfer, debit/credit cards, Apple Pay; instant local UAE bank integration
- What account types does Baraka offer?
- Self-directed investment/trading account (mobile app); USD-denominated, funded from AED
- Does Baraka offer a swap-free (Islamic) account?
- Yes. Baraka offers a swap-free (Islamic) account to United Arab Emirates residents.
Taxes for a UAE resident(1 rule)
- 0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://getbaraka.com/
Not tax advice. Check with the Federal Tax Authority.