Best Prop Firms for Traders in Saudi Arabia, Checked Firm by Firm

Key takeaways

We checked 57 prop firms on October 6, 2026 for traders in Saudi Arabia and ranked 45 forex and futures products by cost per $1,000 of loss room at $50K, plus 3 crypto-only products.

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We checked 57 prop firms on October 6, 2026 for traders in Saudi Arabia and ranked 45 forex and futures products by cost per $1,000 of loss room at $50K, plus 3 crypto-only products. Blue Guardian 2 Step Nano is cheapest at $25.40 (SAR 95) on its fee alone, then RebelsFunding RF Copper at $33.75 on a $40K account, Funded Futures Family Labs Payday at $40.00, AquaFunded 2 Step Elite at $44.32 and FTMO Futures Pro at $46.33 a month. Saudi Arabia is missing from most big firms’ lists; Alpha Capital Group and Maven Trading name it outright. Apex Trader Funding and DayTraders exclude it with Bahrain, Kuwait, Oman and Qatar, Fintokei has paused new purchases, Elite Trader Funding’s Stripe rule leaves it out, and EdgeProp’s two pages disagree. The CMA’s 614-entry Unlicensed Companies list named none of the 57 firms. Riyals reach a Saudi bank through Rise ($10); E8 and Lucid pay dollar wires through WorkMarket. Riyal figures use SAMA’s official 3.75 per dollar.

Checked: October 6, 2026, including the CMA’s Unlicensed Companies list and SAMA’s exchange-rate tool. Firms change prices, codes and country lists without notice, so confirm on the firm’s own page before paying. Each Trustpilot figure shows its own read date.

Quick answer and the top five prop firms in Saudi Arabia

Saudi Arabia is missing from almost every big prop firm’s restricted list, so “does this firm accept Saudi traders” looks easy. The limits that bite are elsewhere: a Gulf-wide block at several futures firms, the CMA’s warning list, the route that turns a dollar payout into riyals, and swap-free terms that vary product by product. Ranked on what you pay for each $1,000 the account can lose, these five come first among products a resident of Saudi Arabia can buy:

1. Blue Guardian 2 Step Nano: $25.40 per $1,000 (SAR 95). Price $127 (about SAR 476); floor $5,000, static, both stages.
2. RebelsFunding RF Copper 4-Phase $40K: $33.75 per $1,000 (SAR 127). Price $135 (about SAR 506); floor $4,000, static ($40K account).
3. Funded Futures Family Labs Payday 50K: $40.00 per $1,000 (SAR 150). Price $79.99 (about SAR 300); floor $2,000, end-of-day trailing.
4. AquaFunded 2 Step Elite: $44.32 per $1,000 (SAR 166). Price $221.60 (about SAR 831); floor $5,000, static, both stages.
5. FTMO Futures Pro 50K: $46.33 per $1,000 (SAR 174). Price $139/month (about SAR 521); floor $3,000, end-of-day trailing.

Blue Guardian’s and RebelsFunding’s figures depend on activation fees they do not publish either way, and RebelsFunding only says its payouts may include Rise. On fully published prices the lowest are Funded Futures Family for futures and WeMasterTrade ($48.00) and Instant Funding ($49.50) for forex. If you want Saudi Arabia named rather than merely missing, Alpha Capital Group names it in its checkout country list and Maven Trading on its payout list. For the Gulf neighbour next door, see our guide to the best prop firms for traders in Dubai and the UAE.

What prop firms offer traders in Saudi Arabia, and how a prop firm differs from a broker

A prop firm, in the sense these 57 firms use the word, sells you an evaluation on a simulated account. You trade to a profit target without breaking a daily or overall loss limit; pass, and you trade a funded account that is usually still simulated, and the firm pays you a share of the simulated profit, typically 80% to 90%. That is different from a broker, which holds your own money in a real account, and from a trading desk that employs traders. For the basics, see what a prop firm is.

The benefit is a capped loss on a small outlay: for $79.99 to $406 (about SAR 300 to SAR 1,523) you trade a $50,000 account and can lose only the fee, while $50,000 of your own money at a broker would all be at risk. The costs are real: most buyers never reach a payout, a broken daily limit ends most forex accounts at once, several firms keep a discretionary live move, and payouts arrive in US dollars with firm and provider fees before anyone converts them to riyals. A 5% month on a funded $50,000 account is $2,500 of profit, and 80% of it is $2,000, about SAR 7,500.

• For: your loss is capped at the fee, a $50,000 account costs $79.99 to $406 here (about SAR 300 to SAR 1,523), and most firms pay 80% or more of profit.
• Against: most buyers never reach a payout, a broken daily limit ends most accounts at once, the funded account is simulated, and payouts arrive in dollars or euros with fees.

Is prop trading legal in Saudi Arabia, and what Saudi authorities publish about prop firms

We found no licence written for prop firms on the sites of the Capital Market Authority (CMA), the Saudi Central Bank (SAMA) or the Ministry of Commerce, and no page on any of them that mentions simulated evaluations. What they publish is a set of warnings. In a joint statement dated November 26, 2017, the Ministry of Commerce and Investment, the CMA and SAMA “reiterated the warning against dealing with suspicious websites or individuals calling for investment and trading in securities, without licenses from the competent authorities, including the Forex Activity”. A 2012 CMA release adds that “contractual agreements which result in the practice of securities business by a person not authorised by CMA to conduct such business in the Kingdom are considered to be void”.

On crypto, a standing committee led by the CMA, with SAMA and three ministries, said in 2018: “The virtual currencies are not regulated inside the kingdom of Saudi Arabia”. None of these statements names a prop firm, and a prop evaluation is a fee-based contract with a firm abroad for a simulated account, not a broker account holding your money. This guide does not call any firm legal or illegal; if you need certainty about your own position, ask a Saudi lawyer. For firms that hold a financial licence somewhere, see our guide to regulated prop firms.

The CMA Unlicensed Companies list and the prop firms we checked for Saudi Arabia

The CMA keeps a public warning list in English and Arabic. Its English page says: “These websites are not licensed to conduct securities activities in Saudi Arabia. This list is not exhaustive, and investors should verify any entity before investing and refer to the Authority’s website for licensed institutions.” On October 6, 2026 the English page showed “Count= 614” and the Arabic page 631 entries, and its last-modified date was April 20, 2026.

We searched both versions for every firm in this guide, every domain it uses, its company names, its broker partners, its payout processors and, for crypto products, the exchanges it trades on. None matched. The list does name brokers some Saudi traders know: “AxiCorp” (axicorp.com), “Trading Point Holdings Ltd” (xm.com), “IG Corporation Ltd.” (ig.com/ar-ae) and “Equiti Global Markets” (equitiglobalmarkets.ae). It has no entry for Bybit, Binance, OKX, Bitget or Kraken.

Two Alpha names need care. “Group Alpha ACM” at alphacmarkets.com is on the list, and it is a different company and domain from Alpha Capital Group; separately, the CMA licensed a Saudi institution named Alpha Capital in 2018, which is not Alpha Capital Group either. Neither is attached to any firm here. An empty search is not an approval: the list says itself that it is not exhaustive.

Which prop firms accept traders in Saudi Arabia

We read each firm’s own restricted-countries page, terms, help article or checkout for Saudi Arabia, product by product, and read each list to its end, where Saudi Arabia would sit between San Marino or Samoa and Senegal or Serbia. The firms that accept Saudi Arabia fall into three groups:

• Saudi Arabia named as accepted: Alpha Capital Group lists it in its 203-country checkout list, and Maven Trading names it on its payout page as a country paid through Rise.
• Missing from a named list with no “including” wording: most of the ranked firms, among them FTMO, Topstep, E8 Markets, FundedNext, The5ers, Tradeify, My Funded Futures, Lucid Trading and Goat Funded Trader.
• Missing from a list worded “include” or “including”: Blue Guardian, RebelsFunding, AquaFunded, ThinkCapital, FundingPips, FXIFY, Funded Trading Plus, Blueberry Funded, Orion Funded and WeMasterTrade. They rank, but their wording leaves room for a country they have not named.

Saudi Arabia’s neighbours fare differently, which is why a Gulf-wide answer does not work. Several firms that accept Saudi Arabia name one or more of its neighbours, and each tests something different, which matters for the large expatriate population in the Kingdom:

Three patterns follow. An expatriate in Riyadh holding a Kuwaiti passport is excluded at Top One Trader and Top One Futures, which test citizenship as well as residence. At E8 Markets the country on the ID you upload decides, so a resident who verifies with a foreign passport is judged on the passport. And at My Funded Futures and Hola Prime, where you are when you buy or log in matters: a trip to Doha, Dubai or Muscat can block a purchase or end an account.

Prop firms that name Saudi Arabia on their own restricted lists

Four firms write Saudi Arabia into their own lists or purchase conditions, so a buyer in Saudi Arabia should not buy them today. Two of them copy a block that covers most of the Gulf:

Apex Trader Funding’s help centre headlines its table “LIST OF COUNTRIES WE ARE NOT ABLE TO SERVICE AT THIS TIME WITH New or Additional ACCOUNTS”, and Saudi Arabia sits in it beside Bahrain, Kuwait, Oman and Qatar; payouts cannot be requested from a restricted country either. That matters because the only Saudi prop firm roundup on page one of the search results, propfirmxl.com’s guide dated February 10, 2026, lists “7. Apex Trader Funding – Large Community Firm”. The firm’s own list governs. DayTraders names the same Gulf states among “countries where we currently cannot offer new or additional accounts”, and adds “If you are traveling to or temporarily located in a restricted country, you may continue trading on any existing accounts that were opened before entering that location.”

Fintokei puts Saudi Arabia, with the UAE, in a section that reads “In the following countries, new purchases are currently not available”, and does not say whether existing Saudi accounts keep trading. Saudi Arabia is not on Elite Trader Funding’s restricted list, but the firm sets a purchase condition: “In order to trade with ETF, your country must be supported by both Rise and Stripe.” Its Stripe list includes the UAE and leaves out Saudi Arabia, so a Saudi buyer fails the firm’s own condition. For reference, DayTraders’ 50K EOD would cost $55.00 per $1,000 at $105 plus a $5 activation fee, Fintokei ProTrader $65.80 on its fee alone, Apex’s 50K EOD $359.50 and Elite Trader Funding’s Direct to Funded 50K $149.40.

One more firm could not be bought at all: The Funded Trader’s domains returned HTTP 402 with a disabled-deployment error on October 6, 2026, and we found no firm notice about it, so it is not ranked.

How prop firm payouts reach a Saudi bank in riyals

No firm checked pays riyals directly or names a Saudi payment system such as SARIE. Riyals reach a Saudi bank through a provider instead. Most firms here pay into Rise, whose help page lists “Saudi Arabia SAR” among countries that can withdraw to a local bank in local currency, at $10 within two business days; that list includes the UAE but not Bahrain, Kuwait, Oman or Qatar. Maven Trading goes further and names Saudi Arabia as a country paid only through Rise. E8 Markets and Lucid Trading pay through WorkMarket, whose Middle East row gives Saudi Arabia a wire in Australian dollars, euros, sterling or US dollars at 2% ($10 minimum, $30 maximum), not riyals.

The peg helps. SAMA says “SAMA remains committed to maintaining the exchange rate at the official rate of 3.75 riyals to the dollar”, and its exchange-rate tool showed 3.75 for October 2, 2026, so a dollar payout does not drift in value against the riyal. It removes exchange-rate risk, not fees: a $2,000 payout through Rise at a firm with no fee of its own is SAR 7,500 at 3.75, less Rise’s $10 and any margin in Rise’s conversion; the same payout at a firm that takes 3% first loses $60 (about SAR 225). A dollar wire to a Saudi bank is converted at the bank’s own rate and may carry an inward fee. Some routes that work elsewhere stop at Saudi Arabia: FundingPips’ local bank transfer, Goat Funded Trader’s bank transfer and Topstep’s Wise route do not cover it. For how each rail works across firms, see prop firms that pay by wire, bank, Rise, Deel or Wise.

Paying in is a separate question. Every ranked firm prices in US dollars except FTMO and BrightFunded, which price in euros, and Orion Funded, which lets you choose, and no checkout we read offered riyals, so your card issuer converts. Crypto payouts are available at most firms, and HyroTrader pays nothing else. Traders across Asia face the same provider leg with different country lists; we ran the same checks for traders in Pakistan, Malaysia, Indonesia and the Philippines.

Swap-free terms at prop firms for Saudi traders, and the halal question

Search results for prop trading in Saudi Arabia keep asking whether it is halal. We do not give religious rulings, and swap-free terms do not settle that question by themselves; ask a scholar you trust about the evaluation fee and the profit share. What we can show is what each firm says about overnight swaps on the exact product ranked here, because that varies more than directories suggest:

• No swap by default: Maven Trading (zero swap on all accounts, commission instead), FTUK (swap fees removed on all platforms) and Funded Trading Plus (2-Step Classic swap-free since February 2026).
• On request: City Traders Imperium (MT5 only, before your first trade), The5ers (funded stage only) and Orion Funded (case by case, for religious reasons).
• Paid add-on: FundedNext, E8 Markets, Hola Prime, AquaFunded and BrightFunded at +10%, Alpha Capital Group at about 10% on MT5, Funding Traders at +20%, and FundingPips at $29.90 plus a required $29.90 Swing add-on.
• Not offered: Goat Funded Trader, FXIFY, SFX Funded, Funded Elite, The Trading Pit, Tradeify 247 and Crypto Fund Trader; others publish nothing either way.
• Not applicable: the futures firms, whose exchange-traded contracts carry no overnight swap, though Tradeify, for one, requires you to be flat before its daily cut-off.

A press release dated July 30, 2026 describes KM Global Capital, a UK firm, as one of Europe’s first accredited Sharia-compliant prop trading firms and says it is expanding into Saudi Arabia. That is the firm’s own claim in a release distributed by a newswire; KM Global Capital was not part of our checks and is not ranked. For firms ranked on swap-free terms in any country, see our guide to the best prop firms for Muslim traders with swap-free accounts.

How we checked prop firms for Saudi Arabia

1. Read each firm’s own restricted-countries page, terms, help article or checkout for Saudi Arabia, product by product, and note whether the list is called complete, what it tests, and which Gulf neighbours it names.
2. Treat a brand’s forex, futures and crypto arms as separate listings, and keep crypto-only products in their own table.
3. Price every $50K variant at list price, add any activation fee, convert euro prices at the October 2, 2026 ECB rate, and show riyals at SAMA’s 3.75 per dollar; codes go in the firm notes only.
4. Divide by the smallest overall loss limit in dollars at any stage, never a daily limit or a per-trade rule, and multiply by 1,000.
5. Search the CMA’s Unlicensed Companies list in English and Arabic for each firm, domain, company, broker, payout processor and crypto venue, then note the payout route to a Saudi bank, swap-free terms, live-stage terms and Trustpilot.

Prop firms in Saudi Arabia ranked by cost per $1,000 of loss room

Lower is better. A $2,000 floor at $95 and a $5,000 floor at $249 both cost under $50 (about SAR 188) for each $1,000 you are allowed to lose, which is the comparison that matters if you expect to buy more than once.