Page Summary
This guide helps users to compare and find the best crypto exchange in UAE for day trading digital currencies. Day trading refers to a trading strategy where traders open, and close cryptocurrency trades within the same day. It is popular among UAE traders as it is less strict than day trading securities and is allowed on both markets; spot and derivatives. With the various exchanges in the United Arab Emirates offering different day trading tools and conditions, choosing the ideal option for individual needs is challenging.
To select the ideal service, investors need to be aware of nontransparent (scam) providers and understand the unique day trading platform features, keeping in mind that they are not protected in case of the exchange’s bankruptcy. To help investors make an informed decision, considering day trading requirements, we have reviewed and compared essential information to choose the ideal exchanges in UAE for day trading.
This guide evaluates, compares, and reviews 76 exchanges available in UAE to help users find the ideal platform for their needs. The highest-rated crypto exchanges in UAE for day trading are listed below, followed by in-depth reviews, comparisons, and FAQs.
Best Crypto Exchanges For Day Trading in UAE
- eToro – Best For Beginners
- OKX – Best For Low Fees
- Libertex – Top Platform Features
- Binance – Best Availability of Coins
- Coinbase – Top For Liquidity
Top Day Trading Exchanges in UAE Reviewed
The highest rated day trading exchanges in UAE are reviewed in more detail below.
1. eToro
Min Deposit: $50
Fees: 4.8
Assets available: 4.8
Total Fees:
77% 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 Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
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
77% 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 Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
2. OKX
OKX is the world’s biggest derivatives exchange (by users and trading volume), established in 2014. With an average spot trading volume of $1,789,789,248/day it’s liquidity is high. They offer access to a variety of crypto products including crypto spot, futures, options, and derivatives trading. Their trading platform has a built-in NFT Marketplace with access to the biggest brands including CryptoPunks, Otherdeed for Otherside, and ENS. OKX charges low trading fees of 0.1% (taker fee) and 0.08% (maker fee) for active traders. It is among the cheapest crypto exchanges in the UAE.
The OKX trading platform offer access to a variety of day trading tools including market limit and stop orders, conditional orders and customisable market charts. They also allow advanced trading strategies such as margin trading, automated trading and bot trading.
3. 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.
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
4. Binance
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
5. 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.
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)
How To Chose The Best Crypto Exchanges in UAE For Day Trading?
Criteria for finding the ideal crypto exchange in UAE for day trading are listed below.
- Liquidity/Trading Volume. Exchanges with higher liquidity offer better trade execution , greater market depth and lover pricing which increases chances for profitable trading.
- Fees. Day traders need to consider two types of fees: trading fees (maker/taker fees, flat fees and volume based fees) and non trading fees (deposit & withdrawal fees, conversion fees). Exchanges with an overall lover fee structure should be preferred, as they offer better chances for profitable trading.
- API Compatibility. Day traders often use trading bots and algorithms to automate their trading. Exchanges with solid API connectivity need to be preferred.
- Margin Levels. Day traders ofter use leverage to execute their day trading strategies. Exchanges that allow margin trading need to be preferred.
- Trading Platforms and Tools. Exchanges with various trading tools for day trading need to be preferred. Day trading tools include advanced order types, real-time data feeds, charting tools, trading signals, portfolio trackers and risk management tools.
- Reputation. Choosing a reputable exchange increases traders safety and helps avoiding scams. Exchanges reputation needs to be checked considering the following criteria: regulatory compliance (licenses), security, number of users, positive users feedback and non-hacked history record.
- Transparent Proof of Reserves. Transparent proof of reserves reduce the risk of loss due to exchanges insolvency or fraud. Exchanges with transparent proof of reserves should be preferred. The most common proof of reserve ratio is 1:1.
- Range Of Cryptocurrencies. Exchanges with a wider range of cryptocurrencies should be preferred. The following instruments should be considered: spot trading, margin trading, futures trading, options trading, swap trading and crypto CFDs
Top Crypto Exchanges For Day Trading Compared
Key features of the top rated cryptocurrency exchanges in UAE for day trading are compared in the table below.
| Crypto Exchange/Broker | Number of Cryptocurrencies (approx.) | Trading Fees (Maker/Taker) | Liquidity in BTC | APIs | Trading Platforms |
|---|---|---|---|---|---|
| eToro | 30+ | Spread-based fees of 1% | Low | Limited | Web-based and mobile app |
| OKX | 400+ | 0.10% / 0.15% (volume based discounts available) | Very High | Comprehensive API with REST, Websocket, and FIX | Web-based, mobile app, and desktop client |
| Libertex | 50+ | Spread-based fees 0.9% | Low | Limited | Web-based and mobile app |
| Binance | 500+ | 0.10% / 0.10% (volume based discounts available) | Very High | Comprehensive API with REST and Websocket | Web-based, mobile app, desktop client, and Binance Terminal for professionals |
| Coinbase | 50+ | 0.50% Spread + a flat fee depending on transaction size ($0.99 – $2.99 under $200) + Maker/Taker fees | High | Comprehensive API with REST, Websocket, and FIX | Web-based, mobile app, and Coinbase Pro for professional trading |
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.
Conclusion
Crypto day trading is a great investment strategy in UAE to achieve short-term financial gains (quick profits). However, with the growing number of exchanges in the UAE, potential traders must compare and review key data to choose the ideal trading platform for their needs.
This guide has worked hard to keep users safe and informed by comparing, evaluating, and reviewing platforms and services of available exchanges. We have previously removed scams and unreliable offers lacking security features to help them make an informed decision. Our analysis results in a list of the best day trading crypto exchanges in UAE, which is summed up in the table below.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | eToro | 4.9 / 5 | Beginners | Official website |
| #2 | OKX | 4.8/5 | Low Fees | Official website |
| #3 | Libertex | 4.6 / 5 | Day trading platform | Official website |
| #4 | Binance | 4.4 / 5 | Availability of coins | Official website |
| #5 | Coinbase | 4.4 / 5 | Liquidity | Official website |
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. 74% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.