Best CFD Trading Platform in UAE|2023 Lowest Fees CFD Brokers

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This article reveals the best CFD trading platforms in UAE. Each of the CFD brokers on our list is regulated by ADGM, DFSA, SCA or the Central Bank of UAE, offer Islamic Swap free accounts and have a competitive fee structure.

For this guide we have analysed and compared the 5 best brokers to trade CFDs in UAE in 8 major categories to help you make an informed decision.

Best CFD Platform

capital.com-logo

Rating: 4.8/5

★★★★★

Best For Forex CFDs

AvaTrade Logo

Rating: 4.9/5

★★★★★

Best For Beginners

etoro-logo-1

Rating: 4.9/5

★★★★★

5 Best CFD Trading Platforms in UAE

  • Capital.com – Is The Best CFD Broker in UAE Overall. Low Stock and Forex CFD Fees and Commissions
  • AVAtrade – Best For Forex CFDs With Low Fixed Spreads
  • eToro – Best for Beginners and Social Copy Trading
  • Interactive Brokers – Tight CFD Spreads On Stocks, ETFs and Commodities
  • Saxo Bank – Best for Advanced CFD Traders. Complex Order Types and Charting tools

Key Features of The TOP Brokers for CFD trading Compared

RANKBROKERRATEDPLATFORM SCORENUMBER OF CFD's MAX. LEVERAGE
#1AVAtradeGreat Overall 4.9 / 51,250400:1
#2Capital.comResearch & Education4.8 / 53,970500:1
#3eToroGreat for Beginners4.9 / 53,1361:20
#4Interactive BrokersInstitutional & Day Traders4.9 / 58,0501:20
#5Saxo BankProfessional Traders4.9 / 519,1001:20

Top CFD Brokers in UAE Reviewed

Below we break down the 5 top CFD trading platforms for UAE users including their pros, cons and key features.

01. Capital.com Is The Best CFD Platform and App in UAE Overall

capital.com-platform-features-UAE-1

Capital.com is an online CFD broker regulated by the FCA, ASIC, and CySEC. They allow users to trade on over 6,400 CFD instruments with low fees and with up to 30:1 leverage. Trading-wise they offers 3 different mobile apps (Trading appInvestmate app and MT4), a proprietary desktop platform and Tradingview integration. This provides everything users need to successfully trade the CFD markets including real-time price quotes, dynamic charts, order book information, and basic risk management tools such as stop losses and take profits.

All of the platforms offers access to a variety of assets, which are mostly available as CFDs:

  • 1,000 real stocks and 3600 stocks as CFDs
  • 138 forex CFDs
  • 29 crypto CFDs
  • 33 commodity CFDs
  • 130 Indices as CFDs

With trading fees build into the spreads that average at 1,1 pips during peak trading hours, Capital.com fees are average compared with other CFD brokers.

The broker also provides its users with a broad range of educational material in the form of online courses, trading guides, podcasts and webinars, which is great for beginners and casual traders who want to step-up their game.

Users can open a live trading account for as low as $20, or practice with a freely available $10,000 demo account first to familiarize themselves with the trading platform.

Key Features:

  • Great variety of Platforms and apps
  • Patented AI Trade Bias System
  • Negative Balance Protection
  • Commission-free Trading

Pros:

  • MetaTrader 4 compatible and TradingView charts
  • Excellent research and educational tools for CFD trading
  • Broad range of tradable assets (6,400+)

Cons:

  • Fees on Index CFDs higher than at other brokers
  • Doesn’t offer real stock or crypto trading
  • No Islamic swap-free accounts available

02. Ava Trade – Best For Forex CFDs and Fixed Spreads

AVAtrade-UAE-features

AVAtrade is a FSMA-regulated forex and CFD broker that allows retail traders to trade over 1,250 CFDs on forex, stocks, commodities, indices, and cryptocurrencies with up to 30:1 leverage. 

AvaTrade users have access to a variety of proprietary trading platforms (Web Trader, AvaTradeGO, AvaOptions, and AvaSocial) and external platform add-ons including MetaTrader 4, 5, ZuluTrade, and DupliTrade. This makes the platform an interesting choice for traders looking to use different trading styles: automated (social/copy) trading, algorithmic trading, scalping and short selling. 

With floating spread-based trading fees on CFDs averaging at 0,22 pips, AVAtrade’s fees are low compared to other regulated CFD brokers. 

AvaTrade also offers extensive range of research tools and educational material like tutorial videos, trading guides, technical analysis indicators and an economic calendar. Those are great to have when you are new to CFD trading.

Account opening at AvaTrade starts at $100. Beginners can practice CFD trading strategies with a free paper trading account pre-loaded with $100,000.

Key features:

  • Access to over 1,250 CFDs and 44 forex pairs
  • Compatible with MetaTrader 4 & 5
  • Access to copy trading via ZuluTrade and DupliTrade
  • Excellent mobile trading app
  • Low CFD trading fees
  • DFSA and FSMA regulated

Pros:

  • Compatible with MT 4 and 5
  • Social Trading services for forex, crypto, and CFDs
  • Fast order execution (<100ms)

Cons:

  • High inactivity fees ($50 quarterly after 3 months on inactivity)
  • Conversion fees on AED deposits

03. eToro – Best for Beginners (Winner For Social/Copy Trading)

etoro-CFD-features-UAE-1

With simple buy/sell options, an intuitively designed trading app and social/copy trading features, eToro is an interesting choice for beginner CFD traders. 

Trading-wise eToro offers a user friendly proprietary platforms (Web Trader) and social/copy trading extensions through CopyTrader – this allows users to copy CFD trades of professional traders automatically from their own accounts. To make it even easier for beginners, eToro offers Smartporfolios, which are pre-made thematic portfolios that beginners can copy/paste without any previous research needed.

eToro users get access to over 5,000 CFD instruments including:

  • 2,800 CFDs on stocks
  • 250 Indices & Funds CFDs
  • 54 Commodity CFDs
  • 32 Crypto CFDs

Although eToro offers commission-free trading on some CFDs, their overall spreads are wider compared to other brokers (see the table below).  eToro also charges inactivity and withdrawal fees of $10 per month and $5 per transaction, which makes them finish average in the fee category.

Asset TypeTrading Fees
FX CFDs1,00 pip
Commodity CFDs2,00+ pips
Index CFDs0,75 pips
Stock & ETF CFDs0,15%
Cryptocurrency CFDs1,00%

eToro has great customer support, available 24/7 in both Arabic and English via email, live chat, and by phone. 

Key Features:

  • Beginner-friendly desktop and mobile platform
  • Access to 3,500 different CFDs
  • Social/copy trading features
  • Fast registration and KYC on-boarding process
  • Islamic swap-free accounts available

Pros:

  • Responsive customer support in Arabic
  • Possibility to trade with or without leverage
  • Great research and educational resources

Cons:

  • Limited advanced trading features
  • High spreads compared to other brokers

04. Interactive Brokers – Best for Day Traders

Interactive-brokers-CFD-features-UAE

Interactive Brokers offers is among the biggest online brokers in the industry offering access to over 8,000 different CFDs on shares, indices, metals and forex. Users also have access to a great variety of trading tools including level 2 quotes, trade hotkeys, direct market routing and price alerts, which make this broker an interesting choice for CFD day traders.

Interactive Brokers charges competitive trading fees on CFDs starting at 0,05%. Overnight financing is priced at +/- 1,5% with spread discounts up to 75% for active traders. These fees are great for day traders as most other brokers charge fees on a spread, or per-order basis.

The maximum leverage offered by Interactive Brokers is 5:1 as margin requirements are only 20% and all orders are executed within 40 ms by the use of IB’s SmartRouting technology. 

Interactive Brokers also offers great educational content in the form of short videos, webinars, podcasts, and blog posts.

Professional traders have access to over 100 different order types and up to 3,33% APY on idle cash balances. On the other hand beginners are able to trade CFDs the same way as stocks, because of IBKR matching all CFD orders with hedge-orders making sure that these are filled instantly. 

Key features:

  • Over 8,000 available CFDs across 135+ global markets
  • 20% margin requirements allowing CFD trading with up to 5:1 leverage
  • Over 100 order types available
  • Advanced trading tools and features
  • Lowest CFD trading fees across all regulated brokers

Pros:

  • Wide range of available CFDs and other assets
  • Competitive trading fees and low margin requirements
  • Professional trading tools and advanced order types

Cons:

  • Not compatible with MetaTrader 4, 5 or cTrader
  • Platform might be overwhelming for beginners
  • No Islamic swap-free accounts available

05. Saxo Bank – Best for Professionals

Saxo-Bank-CFD-Trading-Features-UAE

Saxo Bank is a reputable CFD broker regulated by the Central Bank of the UAE that provides users access to over 9,000 different CFDs on stocks, indices, commodities, forex, and cryptocurrency ETPs: 

  • 7,800+ CFDs on single stocks
  • 1,100+ CFDs on global ETFs
  • 20 CFDs on indices such as Germany 40, US 500, and UK 100
  • 7 CFDs on FX pairs, including EUR/USD, EUR/GBP, GBP/USD, and AUD/USD
  • 8 CFDs on government bonds, including German 10-year bunds and French 10-year OATs
  • 20 CFDs on agriculture, metals, soft, and emission commodities
  • 10+ CFDs on index options such as the SPX, DJX, ESX, and OESX

Their proprietary platform (SaxoTraderGO) features 50+ technical indicators, integrated trade signals, news feeds, and innovative risk management features such as advanced order types and price signal services. Those are great tools to have as a professional trader, but can be a bit overwhelming for beginners to start with.

The platform additionally offers access to a vast library of educational resources, including live events, webinars, tutorial videos, podcasts, and SaxoStrats. 

With trading fees ranging from $0,70 to $3,00 /order, Saxo Bank trading fees on CFDs are  competitive compared to other brokers. For active and high volume traders Saxo Bank even offers the lowest fees in the industry.

With only 5% margin requirements on CFDs, users can trade with up to 20:1 leverage on Saxo Bank. However, the broker’s minimum deposit requirement of $2,000 is quite steep compared to other brokers. 

Saxo Bank offers an Islamic swap-free account for Muslim traders that want to trade according to Sharia Law.

Key features:

  • Over 9,000 available CFDs and 40,000+ financial instruments in total
  • Advanced order types ( Limit IOC orders, Resting Stop Orders, and Sleep Orders)
  • Fast order execution speeds (<30 ms) and over 98% fill rate
  • Broad range of educational resources and research tools
  • Fully customizable trading platform
  • TradingView-powered charts

Pros:

  • Huge range of available CFDs (9,000+)
  • Advanced trading features including drawing tools
  • Competitive trading fees

Cons:

  • High minimum deposit requirement to open account
  • Trading platform might be overwhelming for beginners

Quick Video Recap

How To Choose The Right CFD Broker in UAE?

To get our list of the best CFD trading platforms in UAE we have analysed and compared 102 online brokers across 8 different categories. All of the criteria are listed below to help you make and informed decision:

BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
Desktop Platform
Web Platform
Mobile Platform
Easy to Use
Watchlist
Market Depth/Level 2
Advanced Charting
Trading Alerts
Demo Account
MT4/MT5
TradingView
Other non-Proprietary
Proprietary
Social/Copy Trading
Strategy Tester
Scalping
FeatureAVAtradeeToroCapital.comInteractive BrokersSaxo Bank 
Android
Apple
Watchlist (mobile)
Economic Calendar (mobile)
Charting Tools (mobile)
BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
StocksN/A$0,00N/A$0,00$1,00
ETFsN/A$0,00N/A$0,00$1,00
Options$0,90N/AN/A$0,65$1,25
FuturesN/AN/AN/A$0,85$1,25
Mutual FundsN/AN/AN/A$14,95$0,00
Broker Assisted FeeN/AN/AN/A$30,00$50,00
CryptoN/A1,00%N/A0,18%N/A
EUR/USD Spread0.90.90.61.40.9
Swap-free Account
Inactivity Fee
Funding Fees
Monthly Fee
BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
Bank Wire
Credit/Debit card
E-Wallets
Crypto
Account Minimum$100$200$20$0,00$2,000
BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
CFD markets125031363970805019100

BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
Broker/ExchangeBrokerBrokerBrokerBrokerBroker
RegulationASIC, FSA, FSCA, MiFID, BVI FSC, ADGMASIC, CySEC, FCA, FSCSFCA, NBRB, ASIC, CySEC, FSANYSE, FINRA, SIPCAsic, SFC, JFSA, MAS, FINRA, FCA
BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
Trading Signals
Market Research
Educational Resources
Webinars
Daily News
In-depth Market Analysis
Personal Training and Trading Room
BrokerAvaTradeeToroCapital.comInteractive BrokersSaxo Bank
Email
Phone
Chat
24/5
24/7
Personal Account Manager
Easy Account Opening

What Is CFD Trading?

CFD trading allows speculation on financial products (forex, commodities, indices, shares) without owning the underlying assets. CFD traders speculate on the price movement of an assets where they gain or lose the difference between the original and the closing price. 

Advantages and Disadvantages of CFD Trading

Pros:

  • Exposure to different assets that trade with leverage
  • Short positions are simple to open
  • High profitability

Cons:

  • CFD traders don't own the underlying asset
  • High risk of loosing money
  • In case of insolvency, funds are only covered by investor protection schemes in the nation where the broker operates

CFD Regulations and Security in UAE

The Dubai Financial Services Authority (DFSA) regulates brokers offering CFD trading in UAE, and it is overseen by the Central Bank of the UAE (CBUAE). The DFSA enforces compliance with market regulations and ensures that true Islamic swap-free accounts obeying Sharia laws are available. 

The DFSA has created the following regulations: 

  • Limited leverage – Retail traders can only trade with up to 30:1 leverage and professional traders with up to 500:1 leverage.
  • Margin close-out –  If an account falls below 50% of the required margin, the broker closes out all positions.
  • Negative balance protection – Traders cannot lose more money than they deposit.
  • Marketing restrictions – Brokers must disclose what percentage of their clients lose money and cannot promote CFDs as a get-rich-quick scheme. 

Conclusion

This analysis of 102 CFD Broker in UAE and their comparison across 8 categories, should be considered as a guide for UAE traders to choose the best CFD trading platform. It is important to understand that our findings should be accompanied with users individual research and analysis before signing up with any of the listed brokers.

Remember that CFDs are connected with high risks of loosing money and you should always start with a demo account to practice and see if the broker is a good fit.

FAQ

Is it legal to trade CFDs in UAE?

Yes, CFD trading in UAE is legal if you trade with a DFSA-regulated broker which enforces: limited leverage, margin close-out, negative balance protection, and marketing restriction rules. 

Is CFD trading in UAE Halal?

Brokers operating in the UAE offer Islamic swap-free accounts compliant with Sharia law. Compliant brokers can’t charge interest (riba) on overnight positions and you can’t trade companies that produce alcohol, tobacco or other goods labeled as Haram. 

How do CFD brokers make money?

CFD brokers make money with the commissions and fees they charge clients, and through order flow.

What Is CFD Short Selling?

CFD short selling is opening a CFD position that will make the trader profit whenever the underlying asset decreases in the price.

Do You Need To Pay Tax on CFD Profits in UAE

UAE citizens don’t pay a personal income tax on capital gains made with CFDs


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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