Go to FxProMenacorp Financial Services in United Arab Emirates — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%50
- Safety20%100
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- Menacorp Financial Services LLC
- Local standing
- UAE-regulated by the Securities & Commodities Authority (SCA); also DFSA-authorized
- Licence as the register states it
- Authorized and regulated by the UAE Securities & Commodities Authority (SCA) and by the Dubai Financial Services Authority (DFSA); member brokerage on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). Reported claim of being part of/acquired by First Abu Dhabi Bank (FAB) — NOT verified at review (Menacorp remains an independent SCA-regulated broker; FAB operates its own FAB Securities).
- Leverage for this entity
- no retail forex; unleveraged local-market equities brokerage (margin/leverage for equities not verified at review)
- The firm behind it
- UAE investment bank founded 2005, headquartered in Abu Dhabi; rebranded/restructured 2011; brokerage division described as among the largest in the UAE by trading value and client portfolio size; also offers investment banking, asset management and financial research
- 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 local-market equities brokerage (margin/leverage for equities not verified at review)
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youUAE-regulated by the Securities & Commodities Authority (SCA); also DFSA-authorized
- 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: Brokerage/trading account for DFM & ADX securities, asset management, advisory accounts, serves institutional, corporate, HNWI, private/retail investors. 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 Menacorp Financial Services 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)
Deposit and withdrawal methods (1 methods · 0 local rails)
UAE bank transfer to trading account (local AED settlement)
- Account currency
- AED
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 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)
- Menacorp trading platform / online brokerage portal
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Menacorp trading platform / online brokerage portal | — | — | —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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4 | 5, 184 |
Share of reviewers in the UAE: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Authorised by the United Arab Emirates regulator in its own register
- Safety 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 4 scored axes
- Not scored on round-turn cost, payouts: 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
- 10UAE
- Leverage
- 300UAE
- Rank in this country
- #17
- Round turn, USD
- 10UAE
- Min deposit, USD
- 50UAE
- Leverage
- 30UAE
- Rank in this country
- #36
- 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
- 9UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 400 group
- Rank in this country
- #4
- 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 | Menacorp Financial Services |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| 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 | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Menacorp Financial Services accept residents of United Arab Emirates?
- Yes. UAE-regulated by the Securities & Commodities Authority (SCA); also DFSA-authorized Onboarding entity: Menacorp Financial Services LLC
- Is Menacorp Financial Services licensed to serve clients in United Arab Emirates?
- Authorized and regulated by the UAE Securities & Commodities Authority (SCA) and by the Dubai Financial Services Authority (DFSA); member brokerage on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). Reported claim of being part of/acquired by First Abu Dhabi Bank (FAB) — NOT verified at review (Menacorp remains an independent SCA-regulated broker; FAB operates its own FAB Securities). Checked on 11.07.2026.
- Which trading platforms does Menacorp Financial Services support?
- Menacorp trading platform / online brokerage portal. Instruments: DFM and ADX listed equities, plus bonds/sukuk and ETFs available on the local exchanges; investment banking, asset management and research services
- How can I withdraw money from Menacorp Financial Services in United Arab Emirates?
- UAE bank transfer to trading account (local AED settlement)
- What account types does Menacorp Financial Services offer?
- Brokerage/trading account for DFM & ADX securities; asset management and advisory accounts; serves institutional, corporate, HNWI and private/retail investors
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://www.menacorp.online/
Not tax advice. Check with the Federal Tax Authority.