Page Summary
Day trading on crypto exchanges is a popular activity in the UAE. The typical definition of “day trading” is buying a stock, currency, or commodity and then selling it on the same day. Every day trading transaction is closed by the end of the day. UAE traders need a professional day trading platform. Online brokerage firms and cryptocurrency exchanges support day trading.
UAE traders choose secure day trading platforms for a premium experience. Top-tier licenses ensure a platform follows specific rules and safety measures. This article discusses the best cryptocurrency exchanges and platforms for day trading in the UAE.
List Of The Best Crypto Exchanges For Day Trading:
- eToro – Best overall broker
- Libertex – Top day trading platform
- Binance – Leading crypto exchange
- Coinbase – Impressive reputation and portfolio
- AvaTrade – Competitive fees and low spreads
- Forex.com – Best for active traders
- IG – Broker with unique learning tools and platforms
- Interactive Brokers – Popular choice for day trading in UAE
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | eToro | Excellent social trading features | 4.9 / 5 | Best overall broker | Official website |
| #2 | Libertex | For beginner UAE traders | 4.6 / 5 | Top day trading platform | Official website |
| #3 | Binance | Transparent fee policy | 4.3 / 5 | Leading crypto exchange | Official website |
| #4 | Coinbase | Top-tier licenses | 4.4 / 5 | Impressive reputation and portfolio | Official website |
| #5 | AvaTrade | Different educational and research tools, including free courses | 4.8 / 5 | Competitive fees and low spreads | Official website |
| #6 | Forex.com | Advanced social trading tools | 4 / 5 | Best for active traders | Official website |
| #7 | IG | For new UAE traders | 5 / 5 | Broker with unique learning tools and platforms. | Official website |
| #8 | Interactive Brokers | Outstanding fees for active traders | 4.9 / 5 | Popular choice for day trading in UAE | Official website |
1. eToro – Best Overall Broker
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
eToro is the top social trading brokerage firm with excellent day trading services. It is a good choice for UAE traders who want access to the best crypto trading platform. eToro has a vast portfolio with cryptos, forex currency pairs, and equities. The main crypto assets available with eToro are Bitcoin, Litecoin, and Ethereum.
This online broker has a valuable demo account. Virtual trading is an asset for traders at all levels. It lets you test your day trading strategy with live market data. eToro’s demo account is a good place to start if you want to learn more about day trading strategies.
UAE traders choose eToro’s platforms because of their fees. The average spread for withdrawing digital assets is 1.90%. eToro charges no hidden commission fees. It is a secure brokerage firm with industry-leading social trading features. eToro identifies top traders and allows UAE traders to copy their positions. This broker has many benefits for UAE traders at all levels. It offers many payment methods, a digital wallet, and an excellent support team.
Pros
- Access to over 4000+ tradable symbols
- Great overall market coverage
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Great cryptocurrency trading features
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
2. Libertex – Top Day Trading Platform
Libertex is a top day trading platform with competitive spreads. It is a top forex and CFD broker with top-tier licenses. Libertex offers a proprietary web-based day trading platform. It is an excellent online broker with access to the MetaTrader suite.
This brokerage firm is known for its commodity trading services. Libertex offers useful day trading tools for UAE traders at all levels. It has a transparent fee structure and $0 spreads. We recommend it for beginner UAE traders.
Pros
- Commission-free stock, forex, metals, and crypto trading
- Excellent multi-lingual customer support
- Compatible with MetaTrader 4 and 5
Cons
- No technical analysis tools offered
- Charges inactivity fees
- No Islamic swap-free accounts available
Key features
- Access to thousands of stocks and CFDs on stocks, forex, crypto, indices, metals, ETFs, and commodities
- Receive dividends into your account monthly
- Extensive education section with trading courses, webinars, and more
- Daily market update and analysis videos
- Unlimited free paper trading demo account
- State-of-the-art mobile trading app available on Android and iOS devices
3. Binance – Leading Crypto Exchange
Binance is a leading crypto exchange with useful day trading platforms. It is a good choice for advanced and active traders in the United Arab Emirates. It offers many research tools, crypto tutorials, and leverage solutions. Its platforms have a professional interface and provide advanced tools.
Binance offers limited learning tools. It has some tutorials to help new UAE traders understand crypto day trading. Binance has a valuable portfolio with 50+ coins, including Bitcoin, Litecoin, and Ethereum.
This is a secure cryptocurrency exchange that follows strict rules under the FCA. It has a transparent fee policy and an 0.10% execution fee per trade. Binance account holders receive many benefits, including incentives for holding BNB in their accounts.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
4. Coinbase – Impressive Reputation and a Comprehensive Portfolio
Coinbase is a secure global cryptocurrency exchange for crypto day trading in the UAE. It has an impressive reputation and a comprehensive portfolio. Coinbase follows strict rules and has top-tier licenses. It has many assets available, including Bitcoin and Bitcoin Cash.
This crypto exchange offers professional platforms and services. It has valuable research and learning tools. We recommend it for new and advanced UAE traders. Coinbase is a trustworthy crypto exchange with reliable online trading platforms.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
5. AVAtrade – Competitive Fees and Low Spreads
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AvaTrade is a popular broker in the United Arab Emirates. It offers access to MT4 and many social trading tools. AvaTrade stands out because of its competitive fees and low spreads. It has different educational and research tools, including free courses.
This brokerage firm has different platforms for traders at all levels. It provides access to the best crypto day trading tools on MT4. We recommend AvaTrade for traders of all levels.
Pros
- Great Research and Educational tools
- Great Customer support
- Good choice of social trading options
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
6. Forex.com – Different Assets and Advanced Social Trading Tools
Min Deposit: $100
Fees: 3.7
Assets available: 4.1
Total Fees:
Forex.com is a secure global broker with access to a versatile portfolio. It has top-tier licenses from financial regulators and an excellent reputation. Forex.com offers different assets and advanced social trading tools.
This online broker offers many CFDs, stocks, fiat currencies, and commodities. Forex.com has 1,600+ financial instruments. It offers access to the day trading of crypto coins. It has competitive spreads and free deposits. We recommend Forex.com to active traders.
Pros
- Great market coverage
- Advanced Trading and Web Trading platforms
- Advanced charting features and performance analytics
- Award Winning Mobile trading app
- Professional customer support
- Competitive fee and commission structure
Cons
- Educational videos are missing
- MT5 available outside of US only
- Limited assets available on MT5
Key features
- 5500 tradable symbols and 4550 CFDs overall
- Award winning mobile trading app
- Advanced charting and performance analytics available
- Great combination of ease of use and personal customisation
- Publicly traded
7. IG Trading – Broker With Unique Learning Tools and Platforms
Min Deposit: $5500
Fees: 3.7
Assets available: 4.5
Total Fees:
IG is a dependable online broker with unique learning tools and platforms. It offers a demo account and active trading discounts. We recommend IG to new UAE traders who want access to valuable day trading learning tools.
IG is an online broker with different learning tools. It offers forex education, webinars, and beginner day trading videos. The average spread at IG is 0.74%. It offers many payment methods, including bank transfers and credit or debit cards.
Pros
- Access to over 17,000 markets
- Cutting-edge mobile and desktop trading platforms
- Excellent customer support and broad range of educational material
Cons
- High fees on CFDs
- Few banking options
Key features
- Trade over 17,000 markets with a broker that has been in business since 1974
- Access to Turbo24s, and CFDs and options on forex, indices, crypto, stocks, and commodities
- Unlimited free demo paper trading account
- Advanced research and analysis tools like L2 Dealer and ProRealTime
- Access to APIs to set up Expert Advisors and other automated trading software
- Receive trading signals and alerts to find excellent entry and exit points
8. Interactive Brokers – Popular Choice for Day Trading in UAE
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
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 is a popular choice for day trading in the United Arab Emirates. It offers secure platforms and services. Interactive Brokers has zero commission traders and outstanding fees for active traders. This broker is a good fit for advanced traders and casual investors.
Interactive Brokers has an impressive portfolio. It offers bonds, stocks, options, and futures. Interactive Brokers has premium platforms for day trading, options trading, and futures trading. It offers many research and learning tools.
Pros
- Best market coverage in the industry (100k+ assets on different instruments)
- Access to 16,500 shares and 8,000 stocks as CFDs
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Industry leading fee structure
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
How We Chose The Best Crypto Exchanges For Day Trading
We choose the best exchanges for day trading based on several criteria including Fees, Account, Withdrawal, and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Fees: A simple fee policy is key for your day trading success. Some cryptocurrency exchanges offer a transparent fee structure; others don’t. Verify our in-depth day trading reviews for more details about fees and UAE platforms.
Account: Day trading platforms have different account tiers. Some request an initial deposit; others don’t. Our in-depth reviews offer more information on payment methods and UAE account tiers.
Deposit and withdrawal: Funding a day trading account has to be transparent. Depositing and withdrawing funds takes longer with some brokers than with others. Some UAE day trading platforms don’t have a minimum deposit. Read our crypto exchange reviews to learn more about the policies available with UAE day trading platforms.
Product and market: UAE day trading platforms offer different market coverage and portfolios. It is best to use a platform with a comprehensive asset portfolio. Read our in-depth day trading reviews to discover more about UAE crypto exchanges and asset availability.
Trading platforms: A crypto day trading platform with an intuitive design contributes to a good experience. Select a platform with a simple interface and valuable portfolio. The UAE crypto day trading platforms in our reviews are secure. But some might be challenging for beginner UAE traders. Our in-depth platform reviews offer more information on UAE crypto exchanges for day trading.
Customer support: Customer service is essential for your online day trading success. Reliable platforms offer email, live chat, and phone support.
Safety: A trustworthy day trading platform has top-tier licenses. It follows strict rules and uses the best safety protocols available. Read our in-depth reviews for facts on day trading safety and cryptocurrency exchanges in the United Arab Emirates.
How To Day Trade In The UAE
The top platforms to day trade in the UAE are eToro, Libertex, Pionex, Binance, Coinbase, Robinhood, AvaTrade, Forex.com, IG, and Interactive Brokers. eToro is a secure social trading broker with professional crypto day trading platforms. Binance offers an excellent crypto assets portfolio for UAE traders. Coinbase is a good choice for active and advanced UAE traders.
Day trading is an excellent choice for UAE traders. We recommend you use eToro to day trade in the United Arab Emirates. It offers secure social trading features and crypto services. There are four simple steps to day trade with eToro:
- Sign up with eToro: The first step for traders in the UAE is to access eToro’s official website. Click on the sign-up form and submit the requested information.
- Submit a valid ID: eToro is a secure broker. It has top-tier licenses and follows the Know Your Customer (KYC) rules. All traders have to pass account verification before day trading cryptos. A valid I.D., like a passport or driver’s license, is mandatory.
- Make your first deposit: After passing account verification, you have to fund your account. UAE traders access many payment methods, including credit card payments and bank transfers.
- Day trade crypto online: Choose the asset you want to day trade and search for its symbol. Click on your asset’s ticker and start buying or selling cryptos.
Where To Day Trade In The UAE?
Traders in the UAE receive access to secure crypto exchange platforms to day trade cryptocurrencies. The platforms we recommend are listed below.
Day Trading With eToro
eToro is the top social trading brokerage firm with excellent day trading services. It is a good choice for UAE traders who want access to the best crypto trading platform. eToro has a vast portfolio with cryptos, forex currency pairs, and equities. The main crypto assets available with eToro are Bitcoin, Litecoin, and Ethereum.
This online broker has a valuable demo account. Virtual trading is an asset for traders at all levels. It lets you test your day trading strategy with live market data. eToro’s demo account is a good place to start if you want to learn more about day trading strategies.
UAE traders choose eToro’s platforms because of their fees. The average spread for withdrawing digital assets is 1.90%. eToro charges no hidden commission fees. It is a secure brokerage firm with industry-leading social trading features. eToro identifies top traders and allows UAE traders to copy their positions. This broker has many benefits for UAE traders at all levels. It offers many payment methods, a digital wallet, and an excellent support team.
Day Trading With Libertex
Libertex is a top day trading platform with competitive spreads. It is a top forex and CFD broker with top-tier licenses. Libertex offers a proprietary web-based day trading platform. It is an excellent online broker with access to the MetaTrader suite.
This brokerage firm is known for its commodity trading services. Libertex offers useful day trading tools for UAE traders at all levels. It has a transparent fee structure and $0 spreads. We recommend it for beginner UAE traders.
Day Trading With Binance
Binance is a leading crypto exchange with useful day trading tools. It is a good choice for advanced and active traders in the United Arab Emirates. It offers many research tools, crypto tutorials, and leverage solutions. Its platforms have a professional interface and provide advanced tools.
Binance offers limited learning tools. It has some tutorials to help new UAE traders understand crypto day trading. Binance has a valuable portfolio with 50+ coins, including Bitcoin, Litecoin, and Ethereum.
This is a secure cryptocurrency exchange that follows strict rules under the FCA. It has a transparent fee policy and an 0.10% execution fee per trade. Binance account holders receive many benefits, including incentives for holding BNB in their accounts.
Day Trading With Coinbase
Coinbase is a secure global cryptocurrency exchange for crypto day trading in the UAE. It has an impressive reputation and a comprehensive portfolio. Coinbase follows strict rules and has top-tier licenses. It has many assets available, including Bitcoin and Bitcoin Cash.
This crypto exchange offers professional platforms and services. It has valuable research and learning tools. We recommend it for new and advanced UAE traders. Coinbase is a trustworthy crypto exchange with reliable online trading platforms.
Day Trading With AvaTrade
AvaTrade is a popular day trading broker in the United Arab Emirates. It offers access to MT4 and many social trading tools. AvaTrade stands out because of its competitive fees and low spreads. It has different educational and research tools, including free courses.
This brokerage firm has different platforms for traders at all levels. It provides access to the best crypto day trading tools on MT4. We recommend AvaTrade for traders of all levels.
Day Trading With Forex.com
Forex.com is a secure global broker with access to a versatile portfolio and day trading tools. It has top-tier licenses from financial regulators and an excellent reputation. Forex.com offers different assets and advanced social trading tools.
This online broker offers many CFDs, stocks, fiat currencies, and commodities. Forex.com has 1,600+ financial instruments. It offers access to the day trading of crypto coins. It has competitive spreads and free deposits. We recommend Forex.com to active traders.
Day Trading With IG
IG is a dependable forex broker with unique learning tools and platforms for day trading. It offers a demo account and active trading discounts. We recommend IG to new UAE traders who want access to valuable day trading learning tools.
IG is an online broker with different learning tools. It offers forex education, webinars, and beginner day trading videos. The average spread at IG is 0.74%. It offers many payment methods, including bank transfers and credit or debit cards.
Day Trading With Interactive Brokers
Interactive Brokers is a popular choice for day trading in the United Arab Emirates. It offers secure platforms and services. Interactive Brokers has zero commission traders and outstanding fees for active traders. This broker is a good fit for advanced traders and casual investors.
Interactive Brokers has an impressive portfolio. It offers bonds, stocks, options, and futures. Interactive Brokers has premium platforms for day trading, options trading, and futures trading. It offers many research and learning tools.
How To Day Trade Using eToro?
Our top choice for day trading in the UAE is eToro. eToro is a trustworthy brokerage firm with top-tier licenses. It has a multi-asset trading platform for United Arab Emirates residents. Read below our step-by-step guide on using eToro to day trade in the UAE.
Step 1: Create An Account
The first step for investors in the UAE is to create an account with eToro. On their official website, you’ll find a simple sign-up form. You’ll have to include your full name, address, date of birth, contact information, and source of funds.
Step 2: Pass Account Verification
Next, you have to pass account verification. eToro has a $2,000 a day trading limit before verifying an account. Traders need to submit a copy of their I.D. and proof of residence. This online broker follows KYC rules from the United Arab Emirates. Verifying an account is necessary for all residents of the United Arab Emirates.
Step 3: Fund Your Account
eToro offers many funding options. Select a funding method that suits your needs and experience. After that, the next step is to day trade.
Step 4: Day Trade With eToro
eToro lets you day trade when your deposit appears in your wallet. Digital assets have different symbols. Clicking on one ticker will start your first “buy.” Choose the number of assets you’d like to buy, and click “Submit.”
What Is Day Trading?
Day trading refers to the activity of traders who buy and sell on the market during a single day. Traders close all of their transactions by the end of the day. The concept is straightforward. You have to start the day with no transactions open and trade quickly during the day.
If you want to day trade, you need a professional platform to support an active trading style. Brokerage firms offer valuable platforms for UAE traders at all levels. Our in-depth day trading reviews provide more information on crypto day trading and crypto exchanges in the UAE.
Why Should You Consider Day Trading?
Day trading cryptocurrencies is a cost-efficient strategy with the potential of generating high returns. Day trading is popular in the United Arab Emirates. Day trading cryptos is exciting, but we don’t recommend it for beginner UAE traders. Our in-depth crypto exchange reviews offer more details on day trading in the United Arab Emirates.
How Much Does Day Trading Cost?
Day trading fees vary depending on the platform you choose. For example, the minimum balance needed to day trade stocks in the U.S. is $25,000. Experts say day trading has the potential of generating profits over time. But you should remember that online coins remain speculative assets. Verify our in-depth UAE crypto exchange reviews for more details on crypto trading.
How To Day Trade Using PayPal?
PayPal is a funding source for day trading platforms available to all UAE traders. If you don’t have a PayPal account, the sign-up form is available on their official website or app. If you have a PayPal account, access the crypto button on the app or website. There you’ll receive access to a valuable portfolio.
PayPal users from the UAE have to use a bank transfer or debit card transaction to fund their accounts. The spending limit varies between $1 and $100,000. PayPal has different day trading fees.
How To Day Trade Using BTC?
Bitcoin (BTC) is a popular funding solution for day traders in the UAE. Investors use BTC coins on most day trading platforms as a deposit or withdrawal method. We recommend you store your funds in digital wallets like Bitcoin Cash wallets. Read our in-depth reviews for more details about safety and digital wallets.
Day Trading Safely In UAE
eToro is our top recommendation for UAE traders who want to day trade. It has secure platforms and services for traders at all levels. eToro has many payment methods, instant transactions, and bank transfers. Day trading is about actively buying and selling assets during the day by using margin. It is inherently risky. Online brokers that follow strict rules have minimum investment risks.
The Risks Of Day Trading
Day trading cryptos remains risky. Cryptocurrencies are speculative and come with high risks. Begin with a minimum trade to avoid losing all your investment. Cryptos are secure, but it might be challenging for new traders. If you invest in digital assets at a high price and the coins crash, you risk losing all your money.
Summary
Day trading cryptocurrencies in the UAE is popular. It is safe and attractive, having the potential for significant revenue increases. Traders need to use secure platforms and UAE cryptocurrency exchanges for day trading. We recommend it for active and advanced United Arab Emirates traders.
FAQ
Are There Any Safety Risks For Citizens In The UAE?
Day trading cryptos has many risks. Trading in the UAE is legal and safe. We recommend you use a platform with top-tier licenses. Reliable licenses for crypto platforms are the FCA, ASIC, and CySEC. The day trading platforms in this review follow strict rules.
Is A Digital Wallet Necessary To Day Trade?
Yes. All traders in the United Arab Emirates need a digital wallet to store their funds. We don’t recommend keeping your assets in the platform’s wallet. Read our in-depth platform reviews to learn more about day trading and safety measures.
How Much Money Do I Need To Start Day Trading?
The answer to this question depends on your location. FINRA issues the limit of $25,000, and all online brokers have to use it in the USA. Depending on your platform’s account minimum, you might be able to trade at much less than this.
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. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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.