Wafra Capital at a glance
Wafra Gulf FX Currencies Brokers L.L.C (Wafra Capital) is a UAE currencies broker licensed by the UAE Capital Market Authority (CMA register record CP-0001172). The firm's public website currently shows a new platform launching soon, so live client onboarding is not yet confirmed.
Wafra Capital reports a founding year of 2024 and a head office in United Arab Emirates. It lists 1 regulator and 3 trading platforms.
BrokerBazaar verdict
Wafra Capital (Wafra Gulf FX Currencies Brokers L.L.C) is an onshore UAE financial broker licensed by the Capital Market Authority (CMA License No. 20200000386). Operating from Business Bay in Dubai with full MetaTrader 5 integration, domestic bank segregation, and local AED settlement rails, it provides a regulated onshore trading environment for regional and international market participants.
Legal entities, regulation and licences
Wafra Capital operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Wafra Capital states that it accepts clients from United Arab Emirates, GCC Countries, International (Excludes USA, Canada, Belgium, and sanctioned jurisdictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: Restricted from accepting retail clients residing in the United States or Canada.
Trading products, platforms and account types
Instruments: Forex, Commodities, Precious Metals, Energies, Global Indices, Share CFDs, Cryptocurrencies. Platforms: MetaTrader 5 (MT5), Mobile App, WebTrader. Account types: Standard Account, Pro Account, VIP/Institutional Account, Islamic Swap-Free Account.
Best-for tags assigned by our team: UAE Regulated, AED Funding, GCC Traders, MetaTrader 5, Raw Spreads, Islamic Accounts.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100 ($100 on Standard tier; $5,000 on Pro tier; $25,000 on VIP/Institutional tier). Spreads start from From 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is Up to 1:500 (by entity), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Local UAE Bank Transfer (AED), Bank Wire (USD/EUR), Credit Card, Debit Card. Withdrawal methods: Local UAE Bank Transfer (AED), International Bank Wire, Credit Card, Debit Card.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account: CMA: Segregation of client funds required. Compensation: No central compensation scheme.
Complaints and dispute process
Formal complaints: compliance@wafracapital.ae. Phone: +971 4 325 8155. Grievances must be lodged first in writing with the compliance department of Wafra Gulf FX Currencies Brokers L.L.C. Unresolved complaints can be formally escalated to the UAE Capital Market Authority (CMA) investor complaints portal or referred to Sanadak (the Financial Ombudsman Unit in the UAE). All client capital is maintained in segregated client trust accounts with licensed UAE commercial banks, completely isolated from corporate operational capital.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Direct Category 1 regulatory license under the UAE Capital Market Authority (CMA)
- Strength: Full official platform support for MetaTrader 5 (MT5) across desktop and mobile devices
- Strength: Direct domestic funding and withdrawals in AED without foreign exchange conversion fees
- Strength: Complete client money segregation held with domestic UAE tier-one commercial banks
- Limitation: Relatively recent brand establishment in the UAE retail brokerage sector
- Limitation: Higher initial capital requirement ($25,000) to access raw 0.0 pip spreads
- Limitation: Does not provide support for legacy MetaTrader 4 (MT4)
- Limitation: Restricted from accepting retail clients residing in the United States or Canada
Who this broker suits, and who it does not
Wafra Capital is most relevant to traders looking for: UAE Regulated, AED Funding, GCC Traders, MetaTrader 5, Raw Spreads, Islamic Accounts.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Wafra Capital change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Wafra Capital yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Wafra Capital
Data sources. Broker submission, the regulator registers linked above, UAE listing audit (26 Sep 2026): CMA register record CP-0001172; wafracapital.ae, web-archive and domain records, and third-party traffic data. Last register check 2026-09-26. External ratings: WikiFX 6.12/10; Trustpilot N/A/5; Forex Peace Army N/A/5; Apple App Store N/A/N/A.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Wafra Capital through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.