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Best CFD Trading Platform in UAE | Lowest Fees CFD Brokers (2024)

Page Summary

This guide helps users to find online brokers in UAE with the best CFD trading platforms. Trading with CFDs has gained popularity among UAE investors as it allows them to speculate on the future price development of various underlying assets without actually owning them. 

Due to the increasing number of reliable and scam brokers offering access to trading with CFDs, choosing the ideal option for individual trading needs can be challenging.

This guide assesses 45 online brokers in UAE for users to review and find the ideal platform for their needs. To help them make an informed decision, a list of brokers with the best CFD trading platforms in UAE is shared below, followed by detailed reviews and comparisons.

7 Best CFD Trading Platforms in UAE

  1. AVAtrade – Best CFD Broker in UAE Overall
  2. eToro – Ideal CFD Platform for Beginners
  3. Interactive Brokers – Optimal CFD Broker for Day Traders
  4. Plus500 – Best CFD Trading Platform for Mobile Trading
  5. Spreadex – Best CFD Trading Platform in UAE for Professional Traders
  6. Saxo Bank – Best CFD Broker for Professional Traders
  7. Capital.com – Best Low Fees CFD Broker in UAE

Top CFD Brokers in UAE Reviewed

7 online brokers with the top-rated CFD trading platforms in UAE are reviewed below, including pros, cons and key features.

1. AVAtrade – Best CFD Platform and App in UAE Overall

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

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.

Pros

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

Cons

  • No real stocks or cryptos available
  • High inactivity fees ($50 quarterly after 3 months on inactivity)
  • Deposited AED gets converted to USD

Key features

  • Provides access to over 1,250 CFDs and 44 forex pairs
  • Offers social trading services
  • Allows users to trade options via AvaOptions
  • Excellent mobile trading app
  • Charges competitive trading fees
  • Compatible with MetaTrader 4, 5, and other external trading platforms
Open account

71% of retail CFD accounts lose money

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

eToro logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.8

Assets available: 4.8

Total Fees:

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

CFD Trading Fees
Asset Type Trading Fees
FX CFDs 1,00 pip
Commodity CFDs 2,00+ pips
Index CFDs 0,75 pips
Stock & ETF CFDs 0,15%
Cryptocurrency CFDs 1,00%

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

Pros

  • Social trading for CFDs, crypto, and other assets
  • Beginner-friendly CFD trading platform
  • The possibility to trade with or without leverage

Cons

  • Trading platform lacks advanced features (such as conditional order types, external trading software integration, and APIs)
  • Relatively high spreads compared to other brokers
  • The high leverage offered can backfire

Key features

  • Beginner-friendly social trading platform
  • Wide range of available banking methods
  • Crypto, stocks, and forex all-in-one platform
  • Fast registration and KYC on-boarding process
  • Commission-free stock trading
  • Free $100k demo account
  • Islamic swap-free accounts available
Open account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

3. Interactive Brokers – Best for Day Traders

Interactive Brokers

Rating: 4,9/5

Min Deposit: $0

Fees: 4.9

Assets available: 4.9

Total Fees:

Open account Read review

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.

Interactive Brokers offers is among the biggest online brokers in the industry and offers access to a staggering range of 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 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. 

Pros

  • Wide range of available CFDs and other assets
  • Competitive trading fees and low margin requirements
  • Professional trading tools such as indicators, advanced order types, and dynamic charting

Cons

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

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 available order types
  • Advanced tools and features such as technical indicators, APIs, and dynamic charting
  • Lowest CFD trading fees across all regulated brokers
Open account

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.

4. Plus500 – Best CFD Trading Platform for Mobile Trading

Plus 500 logo

Rating: 4,8/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees:

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford to risk losing your money.

Plus500 is a London Stock Exchange-listed multi-asset broker that allows users to trade more than 2,800 CFDs on stocks, forex, ETFs, commodities, cryptocurrencies, and bonds with up to 30:1 or 500:1 leverage for retail and professional traders, respectively. 

Additionally, the broker offers options, futures trading services, and long-term investment options via its Plus500 Invest trading platform and app. 

Plus500’s available tradable CFDs include CFDs on single stocks, global ETFs, indices like Germany40, US500 and UK100, forex pairs like EUR/USD, EUR/GBP, and GBP/USD, government bonds, such as the German 10-year bunds and French 10-year OATs, agricultural, soft, and emission commodities, metals, and index options like SPX and DJX.

Plus500’s proprietary trading platforms and apps are beginner-friendly and feature-rich. They include technical analysis tools, indicators, negative balance protection, dynamic charting, and multiple available order types. 

Although Plus500’s trading platforms and apps are beginner-friendly, they do not include features for advanced traders, such as level 2 order book data, option chains, and customizable leverage ratios.

Additionally, Plus500 provides users with access to a wide range of educational resources, such as webinars, explainer videos, and CFD trading tutorial guides. In addition, Plus500 offers commission-free CFD and forex trading and has tight spreads, starting as low as 0.7 pips (on index CFDs). 

These trading fees are competitive compared to other CFD brokers and trading platforms, but Plus500 doesn’t offer ECN accounts. Margin requirements start at 3,33% at Plus500, meaning you can trade CFDs with up to 30:1 leverage. 

Live trading accounts can be opened at Plus500 for $100 (370 AED), and free demo accounts are available for beginner traders who want to familiarize themselves with the broker or backtest their trading strategies. 

Additionally, Plus500 offers Islamic swap-free accounts on request for traders of the Muslim faith who want to trade according to Sharia law. 

Use the table below to compare Plus500 CFD trading features with the other best CFD trading platforms mentioned in this guide.

Broker AvaTrade eToro Interactive Brokers Plus500 Spreadex
Min. Deposit $100 $50 $0 $100 $0
Nr. of CFDs 1,250 3,250 8,050 2,800 3,350
Asset Classes as CFDs Forex, Commodities, Indices, Stocks, ETFs, Bonds, Cryptocurrencies Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies Stocks, Forex, Bonds, Mutual Funds, ETFs, Commodities, Indices, Cryptocurrencies Stocks, Forex, ETFs, Commodities, Cryptocurrencies, Bonds Stocks, Forex, ETFs, Indicies, Comodities, Cryptocurrencies, Bonds
Max. Leverage (for Retail Traders) 400:1 30:1 20:1 30:1 1:30 (1:200 pros)
Overall Rating 5,0 4,9 4,8 4,8 4,7
Fees
Euro Stock CFDs 2,0 pips 3,0 pips 0,4 pips 2,0 pips 0,3 pips
Index CFDs 0,5 pips 0,8 pips 0,3 pips 0,7 pips 0,6 pips
CFDs on Forex Pairs 0,9 pips 0,9 pips 0,2 pips 0,8 pips 1000 pip

Pros

  • CFDs on a wide range of asset classes
  • Commission-free forex and CFD trading
  • Customer service 24/5 available in English and Arabic
  • Beginner-friendly proprietary trading platform and app
  • Regulated by the Dubai DFSA

Cons

  • No ECN accounts are available
  • The trading platform lacks features for professional traders

Key features

  • Over 2,800 CFDs on multiple asset classes
  • Negative balance protection
  • Leverage up to 30:1 or 500:1 for retail and professional traders, respectively.
  • Free demo accounts and Islamic swap-free accounts are available on request
  • Guaranteed stop-loss orders
  • Commission-free CFD and forex trading
  • Real-time quotes
  • Fast and safe deposits and withdrawals
Open account

CFD Service. Regulated by the DFSA. Trading carries risk.

5. Spreadex – Best CFD Trading Platform in UAE for Professional Traders

Spreadex logo

Rating: 4,7/5

Min Deposit: $0

Fees: 0,6 pips (on EUR/USD)

Assets available: Forex, shares, indices, stocks, ETFs, commodities, cryptocurrencies, bonds, and interest rates

Total Fees: Spreads

Open account Read review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Spreadex is a globally operating spread betting and CFD broker founded in 1999 that provides users access to more than 3,350 CFDs on shares, indices, stocks, ETFs, commodities, cryptocurrencies, bonds, interest rates, and over 60 forex pairs.

Spreadex’s proprietary trading platform features a fully customizable trading screen, advanced charting tools with Pattern Recognition and Pro Trend Lines, advanced orders, including Market and Limit orders and Force Opens, and price alerts via text, push, or email. 

Additionally, Spreadex supports TradingView, allowing users to trade directly off the charts and access advanced screeners, built-in technical indicators, and community trade ideas and scripts. 

Spreadex offers leverage up to 30:1 for retail traders and 200:1 for professional traders. It charges from 0.06 pips on forex CFDs and 0.03 pips on stock CFDs. Although Spreadex does not charge withdrawal or inactivity fees, users are subject to a 0.01% currency conversion fee. 

Note that Spreadex does not have a demo or Islamic swap-free accounts available.

Pros

  • Many advanced trading tools are available
  • A broad range of tradable assets
  • Competitive Pricing

Cons

  • It does not support MetaTrader 4, 5, or cTrader
  • No demo or Islamic accounts are available
  • Spread betting is only offered to UK clients

Key features

  • Provides access to over 3,350 CFDs across 9 different asset classes
  • Advanced order types available
  • Average forex spreads of 0,6 pips (on EUR/USD)
  • Average stock CFD spreads of 0,3 pips
  • No deposit, withdrawal, or inactivity fees
  • Supports TradingView
  • Low margin requirements (of 3,33% and 0,20% for retail and professional traders, respectively)
Open account

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

6. Saxo Bank – Best for Professionals

Saxo

Rating: 4,9/5

Min Deposit: $5000

Fees: 4.7

Assets available: 4.9

Total Fees:

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

Saxo Bank is a 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.

Pros

  • Huge range of available CFDs (9,000+)
  • Professional trading platform including advanced features like indicators and drawing tools
  • Competitive trading fees

Cons

  • High minimum deposit requirement to open account
  • Trading platform might be overwhelming for beginners
  • Mobile trading platform has room for improvement

Key features

  • Over 9,000 available CFDs and 40,000+ financial instruments in total
  • Advanced order types such as Limit IOC orders, Resting Stop Orders, and Sleep Orders
  • Fast order execution speeds (<30 ms) and over 98% fill rate
  • $10,000 minimum deposit required to open account
  • Broad range of educational resources and research tools
  • Easy to use, fully customizable trading platform
  • TradingView-powered charts
Open account

69% of retail investor accounts lose money when trading CFDs with this provider.

7. Capital.com – Best CFD Broker For Forex CFDs

Capital.com logo

Rating: 4,8/5

Min Deposit: $20

Fees: 4.8

Assets available: 4.7

Total Fees:

Open account Read review

79.17% of retail CFD accounts lose money

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 app, Investmate 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.

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

Key features

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

79.17% of retail CFD accounts lose money

Top CFD Brokers Compared

Key features of the top CFD brokers and platforms are compared in the table below.

Broker AVAtrade eToro Interactive Brokers Plus500 Spreadex Saxo Bank Capital.com
Min. deposit UAE
$100

$100

$0

$100

$0

$5000

0$

Nr. of CFDs
1,250

3,250+

8,050

2070

3350

19,100

3,970

Assets as CFDs
Forex, Commodities, Options.. Forex, Commodities, Options, Indices, Stocks, Bonds, Cryptocurrencies

Stocks, ETFs, Indices, Commodities.. Stocks, ETFs, Indices, Commodities, Forex, Crypto

Stocks, Options, Futures, Forex.. Stocks, Options, Futures, Forex, Bonds, Funds, ETFs, Metals, Indices, Cryptocurrencies

Stocks, Forex, ETFs.. Comodities, Cryptocurrencies, Bonds

Stocks, Forex, ETFs, Indicies, Comodities Cryptocurrencies, Bonds

Stocks, Forex, Futures, Bonds.. Stocks, Forex, Futures, Bonds, Options, Cryptocurrencies, Commodities

Stocks, Indices, Forex.. Stocks, Indices, Forex, Commodities, Cryptocurrencies

Max leverage
1:400

1:30

1:20

1:30

1:30 (1:200 pros)

1:30

1:500

Risk management tools
Stop Loss, Take Profit, Entry Limit, Entry Stop orders.. Stop Loss, Take Profit, Entry Limit, Entry Stop orders

Stop Loss, Take Profit, Trailing Stop Loss.. Stop Loss, Take Profit, Trailing Stop Loss

Stop Orders, Trailing Stop Orders, Profit Take Orders.. Stop Orders, Trailing Stop Orders, Profit Take Orders, Bracket Orders

Stop Loss, Take Profit.. Entry Limit, Entry Stop orders

Stop Loss, Take Profit, Entry Limit Entry Stop orders

Stop Orders, Trailing Stop Orders, Limit Orders.. Stop Orders, Trailing Stop Orders, Limit Orders, Market Orders

Stop Loss, Take Profit, Negative Balance Protection.. Stop Loss, Take Profit, Negative Balance Protection

Overall Rating
4.9

4.8

4.8

4.9

4.7

4.9

4.7

Open account Open account Open account Open account Open account Open account Open account

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

CFD Trading Fees Of Top Choices Compared

CFD trading fees of the top choices are compared in the table below.

Broker

Stock CFD fees

Crypto CFD fees

Forex CFD fees

Crypto CFD fees

Crypto CFD fees

AVAtrade
1.6 pips
1.6 pips
0.9 pips
0.9 pips
4000 pips
4000 pips
1.6 pips
1.6 pips
0.9 pips
0.9 pips
4000 pips
4000 pips
1.6 pips
1.6 pips
0.9 pips
0.9 pips
4000 pips
4000 pips
eToro
1.5 pips
1.5 pips
0.9 pips
0.9 pips
5400 pips
5400 pips
1.5 pips
1.5 pips
0.9 pips
0.9 pips
5400 pips
5400 pips
1.5 pips
1.5 pips
0.9 pips
0.9 pips
5400 pips
5400 pips
Interactive Brokers
1.0 pips
1.0 pips
0.6 pips
0.6 pips
0.18 %
0.18 %
1.0 pips
1.0 pips
0.6 pips
0.6 pips
0.18 %
0.18 %
1.0 pips
1.0 pips
0.6 pips
0.6 pips
0.18 %
0.18 %
Plus500
2.0 pips
2.0 pips
0.8 pips
0.8 pips
2200 pips
2200 pips
2.0 pips
2.0 pips
0.8 pips
0.8 pips
2200 pips
2200 pips
2.0 pips
2.0 pips
0.8 pips
0.8 pips
2200 pips
2200 pips
Spreadex
0.3 pips
0.3 pips
0.6
0.6
1000 pips
1000 pips
0.3 pips
0.3 pips
0.6
0.6
1000 pips
1000 pips
0.3 pips
0.3 pips
0.6
0.6
1000 pips
1000 pips
Saxo Bank
1.8 pips
1.8 pips
0.8 pips
0.8 pips
N/A Crypto CFDs are not available
N/A Crypto CFDs are not available
1.8 pips
1.8 pips
0.8 pips
0.8 pips
N/A Crypto CFDs are not available
N/A Crypto CFDs are not available
1.8 pips
1.8 pips
0.8 pips
0.8 pips
N/A Crypto CFDs are not available
N/A Crypto CFDs are not available
Capital.com
1.5 pips
1.5 pips
0.6 pips
0.6 pips
10,000 pips
10,000 pips
1.5 pips
1.5 pips
0.6 pips
0.6 pips
10,000 pips
10,000 pips
1.5 pips
1.5 pips
0.6 pips
0.6 pips
10,000 pips
10,000 pips

Education & Analysis

Beginners featuresAVAtrade eToro Interactive Brokers Plus 500SpreadexSaxo Bank Capital.com 
Trading signals
Webinars
Seminars
Leverage control
Low-Risk Products
Investment Account

Advanced Features

Advanced featuresAVAtrade eToro Interactive Brokers Plus 500SpreadexSaxo Bank Capital.com 
Voice Brokerage
Corporate accounts
Level – 2
Algo Trading
Copy Trading
Prime Brokerage

Account Types

Account typesAVAtrade eToro Interactive Brokers Plus 500SpreadexSaxo Bank Capital.com 
CFD Trading
Spread Betting
DMA
Pro Accounts
Investments
Futures and Options

Market Access

Market accessAVAtrade eToro Interactive Brokers Plus 500SpreadexSaxo Bank Capital.com 
Total CFD Markets799244286132128332891383230
Forex55521006060190125
Commodities193224152030
Indicies31201329372020
Stocks612200085001900300078002760
Cryptos2074196115
ETFs60264962001100180
Bond2108

Spreads & Commissions

Trading CostsAVAtrade eToro Interactive Brokers Plus 500SpreadexSaxo Bank Capital.com 
EURUSD spread0.91.00.21.20.60.80.6
USDJPY spread1.01.00.31.80.71.21.0
GBPUSD spread1.52.00.41.50.81.21.3
AUDUSD spread1.11.00.21.50.60.80.6
FX Commision$2.00
S&P 500 spread0.50.80.40.70.40.50.8
Apple CFD spread0.20.30.21.30.80.60.1
Inactivity Fee$50 after 12 months $10 after 12 month$0.00$0.00$0.00$0.00$10 after 12 month
Withdrawal Fee$0.00$5.00$0.00$0.00$0.00$0.00$0.00
Conversion Fee0.01%0.46%0.02%0.70%0.01%0.25%0.01%

Added Value

Added ValueAVAtrade eToro Interactive Brokers Plus 500SpreadexSaxo Bank Capital.com 
Trade Ideas
Personal Trading Room
Market Analyisis
News & Analysis
Web Based Platform

How To Choose The Ideal CFD Broker and Platform in UAE?

The most important criteria for finding an online broker with the optimal CFD trading platform in UAE are listed below.

  • Number of CFD instruments (markets, number of CFDs on different asset classes)
  • Fees (spreads and commissions)
  • Accessibility (web, desktop, mobile app)
  • CFD Trading tools & platforms (technical, fundamental, risk management tools)
  • Research & education (number and depth of coverage)
  • Regulation (number of international financial regulators)
  • Islamic accounts availability (Swap-free accounts)
  • Customer support (accessibility and response time)

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

Pros:

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

How Is CFD Trading Regulated in the UAE?

The United Arab Emirates (UAE) is a federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah). Online trading regulation in UAE has two regions: the Dubai International Financial Centre (DIFC) and the rest of the UAE.

Dubai International Financial Centre (DIFC) is an economic free zone in Dubai, founded in 2002. It is regulated by the Dubai Financial Service Authority (DFSA). The DFSA oversees all financial activities in the area, including CFD trading. It enforces compliance with market regulations and ensures that true Islamic swap-free accounts obeying Sharia laws are available. 

Regulatory requirements for CFD brokers imposed by DFSA are listed below.

  • 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. 

The rest of the UAE is regulated by the Securities and Commodities Authority (SCA). The SCA is a federal government agency established in 2000. It is issues licences to CFD brokers in UAE that meet their regulatory requirements including minimum capitalisation, risk management, client fund segregation, reporting and disclosure.

Video Recap

A summary of the highest rated CFD brokers and platforms is available in the video below.

Conclusion

With the various online brokers in UAE offering different platforms and features, it can be hard to find the ideal choice for individual needs. Comparing and evaluating the services of different providers requires time and knowledge.

This guide does the hard work by evaluating top providers for different types of traders and investment goals. The results of our analysis and comparison of broker offering the best CFD trading platforms in UAE are wrapped up in the table below.

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

RANKBROKERBEST FORPLATFORM SCORE
#1AVAtradeOverall4.9 / 5
#2eToroBeginners4.9 / 5
#3Interactive BrokerInstitutional & Day Traders4.8 / 5
#4Plus500Best CFD Trading Platform for Mobile Trading4.8 / 5
#5SpreadexBest CFD Trading Platform in UAE for Professional Traders4.8 / 5
#6Saxo BankProfessional Traders4.8 / 5
#7Capital.comResearch & Education4.6 / 5

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

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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