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Best Day Trading Apps in UAE

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If you want to day trade stocks, forex, or crypto from your phone you will need a day trading app. In this guide, we will discuss the best day trading apps in UAE. 

Top 10 Best Day Trading Apps in UAE for 2022

  • eToro – Overall Best Day Trading App in UAE for 2022
  • Capital.com – Best Day Trading App in UAE for CFD Trading
  • Libertex – Best Day Trading App in UAE with Lowest Spreads
  • AvaTrade – Best Day Trading App in UAE for MetaTrader 4/5
  • Robinhood – Best Day Trading App in UAE for USA Stocks
  • TD Ameritrade – Best Day Trading App in UAE for Options and Derivatives
  • CedarFX – Best Day Trading App in UAE for High Leverage Trading
  • FXCM – Best Day Trading App in UAE for Auto Trading
  • Forex.com – Best Day Trading App in UAE for Forex Trading
  • Interactive Brokers – Best Day Trading App in UAE for Trading Multiple Asset Classes
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroExcellent social trading features4.9 / 5Best overall brokerOfficial website
#2Capital.comCan trade with up to 30:1 leverage4.7 / 5Best Day Trading App in UAE for CFD TradingOfficial website
#3LibertexOffers a $50k demo account4.6 / 5Best Day Trading App in UAE with Lowest SpreadsOfficial website
#4AvaTradeCan start day trading from $100 or 400 AED4.8 / 5Best Day Trading App in UAE for MetaTrader 4/5Official website
#5RobinhoodOffers fractional ownership2 / 5Best Day Trading App in UAE for USA StocksOfficial website
#6TD Ameritrade$0,65 per options contract4.7 / 5Best Day Trading App in UAE for Options and DerivativesOfficial website
#7CedarFXTrade with up to 500:1 leverage4.2 / 5Best Day Trading App in UAE for High Leverage TradingOfficial website
#8FXCMCompatible with both MetaTrader 4 and 5.4.3 / 5Best Day Trading App in UAE for Auto TradingOfficial website
#9Forex.comYou can day trade over 80 currency pairs4 / 5Best Day Trading App in UAE for Forex TradingOfficial website
#10Interactive BrokersTheir app might be hard to understand for beginners.4.9 /5Best Day Trading App in UAE for Trading Multiple Asset ClassesOfficial website

Reviews of the Best Day Trading Apps in UAE 

Almost every broker offers a trading app nowadays. With a trading app, you can trade anywhere you want from your smartphone. These trading apps are available on both iOS and Android devices. We have reviewed all the best day trading apps in the UAE so you can choose the best one for you.

01. eToro: Overall Best Day Trading App in UAE in 2022

etoro-rating

eToro is a regulated broker with over 20 million active traders. We concluded that eToro is the overall best day trading app in UAE during our broker reviews. Not only do they offer over 2,400 assets to trade, but they also have the most easy-to-use trading app. 

On eToro you can day trade commission-free and practice with a demo account. Apart from that, you can choose to use their Copy Trading service. This service is great for beginners as it allows you to copy professional traders.

You can start day trading on eToro with as little as $50 or 200 AED. eToro accepts a wide range of payment methods like credit cards, PayPal, Skrill, Neteller, and bank wire transfers.

ProsCons
Easy-to-use trading app for beginnersNo advanced technical analysis tools
2,400+ assets to trade including stocks, forex, and crypto
Free demo account to practice trading

Start Day Trading with eToro


02. Captial.com: Best Day Trading App in UAE for CFD Trading

capital-com-rating

If you want to day trade the markets with CFDs, Capital.com is the right trading app for you. On their trading app, you can trade CFDs on over 6,000 assets, including stocks, forex, commodities, indices, ETFs, and cryptos.

You can trade with up to 30:1 leverage on Capital.com, meaning that you can trade for $30,000 with $1,000 in your account. This high leverage trading is ideal for day traders looking to scalp the markets. 

Capital.com is a low-entry regulated broker. You can open a real money trading account with $20 or 75 AED. It is possible to trade with a $100k demo account first. This is a great way to get to know their trading app and test your trading strategies.

The Capital.com trading app is available on Android and iOS devices. You can download these trading apps via their respective app stores.

ProsCons
Trade over 6,000 assetsOffers only CFD trading
Low-entry regulated brokerThe high leverage can backfire
Free $100k demo accountHigh spreads on cryptos

Visit Capital.com


03. Libertex: Best Day Trading App in UAE with Lowest Spreads

libertex-rating

During our broker reviews, we found out that Libertex charges the lowest spreads. This is important because the fewer fees you pay, the more profit you get to keep from your trading. You can trade most assets like stocks, forex, commodities, and crypto commission-free on Libertex. 

Libertex is compatible with both MetaTrader 4 and 5, making it a well-suited broker for professional traders. Libertex offers CFD trading so you can go either long or short on assets. 

The Libertex app is available on Android and iOS devices and you can open a real money trading account with them with as little as $10 or 40 AED. Libertex offers a $50k demo account for those who want to practice day trading first.

ProsCons
Low minimum deposit requiredOffers CFD trading only
Compatible with MetaTrader 4 and 5
Free $50k demo account

Start CFD trading at Libertex


04. AvaTrade: Best Day Trading App in UAE for MetaTrader 4/5

ava-trade-rating

AvaTrade is the best day trading app in UAE to use with MetaTrader 4 or 5. With the AvaTradeGO app, you can day trade CFDs on stocks, commodities, forex, bonds, futures, options, indices, and cryptos. 

But, as AvaTrade is the best day trading app for MetaTrader 4 and 5, it is better to connect your AvaTrade account with MT4 or MT5. This way you can trade the markets on the go with MT4 or MT5 whilst enjoying all the benefits of trading with AvaTrade.

These benefits include low spreads, fast order execution, and the option to use automated trading software. You can start day trading with AvaTrade from $100 or 400 AED.

ProsCons
Compatible with MetaTrader 4 and 5Offers CFD trading only
Auto trading and robot software allowed
Low spreads

Download AvaTrade app


05. Robinhood: Best Day Trading App in UAE for USA Stocks

robinhood-rating

Robinhood is one of the most famous trading apps worldwide. Most day traders use the app to trade USA stocks. With the Robinhood app, you can trade over 5,000 NASDAQ and NYSE enlisted stocks commission-free.  

Robinhood offers fractional ownership. This means you can buy parts of shares rather than whole shares. This is interesting when you do not want to invest a lot of money or want to diversify your portfolio. 

They recently added crypto and stock options trading features, but these aren’t commission-less. You can open a Robinhood account and deposit any amount of money as Robinhood doesn’t require a minimum deposit. 

ProsCons
Over 5,000 USA stocksNo demo account
No minimum deposit requiredNo e-wallets or credit card deposits accepted
Fractional ownership supported

Visit Robinhood


06. TD Ameritrade: Best Day Trading App in UAE for Options and Derivatives

td-ameritrade-rating

TD Ameritrade is an American broker that has a day trading app available in UAE called ThinkorSwim. This day trading app is ideal for traders looking to trade options and derivatives. They only charge $0,65 per options contract and allow you to buy or short stocks, shares, mutual funds, index funds, and ETFs. In total, they have over 11,000 assets available to trade.

The ThinkorSwim app is available for both Android and iOS devices and you can download them via their respective app stores.

ProsCons
Over 11,000 assets availableHard to understand for beginners
Regulated US broker
Low commissions 

Download Thinkorswim app


07. CedarFX: Best Day Trading App in UAE for High Leverage Trading

cedar-fx-rating

CedarFX is the best day trading app in UAE for high leverage CFD trading. They offer commission-less CFD trading on forex, precious metals, commodities, and crypto. 

You can trade with up to 500:1 leverage on CedarFX, which is by far the highest leverage we have seen on retail CFD trading apps. For every $1 in spread paid CedarFX plants a tree, which makes CedarFX a sustainable and eco-friendly broker. 

CedarFX is compatible with MetaTrader 4, so you can register and fund a CedarFX account and then trade on your smartphone with MT4. One of the other advantages of CedarFX is that you can fund your account with Bitcoin. 

ProsCons
High leverage CFD trading availableOnly offers CFDs
Compatible with MetaTrader 4High spreads on crypto
Crypto deposits accepted

Download CedarFX app


08. FXCM – Best Day Trading App in UAE for Auto Trading

fxcm- rating

If you want to day trade the markets on auto-pilot, FXCM is the right trading app for you. FXCM is a CFD broker with a mobile trading platform that allows automated trading software, signal providers, and expert advisors.  FXCM is compatible with both MetaTrader 4 and 5. 

They have been in business for over 20 years as a licensed and regulated broker and have millions of clients. As a non-EU client, you can trade over 5,000 assets across multiple asset classes from the trading app and open an account from $100 or 400 AED. FXCM offers a demo account to try out their trading platform with. 

ProsCons
Over 5,000 tradable assetsOnly CFD trading
Compatible with MT4, MT5 and auto trading, and EAs allowed
Offers demo account

Download FXCM app


09. Forex.com: Best Day Trading App in UAE for Forex Trading

forex-com-rating

If you prefer forex trading over other asset classes, Forex.com is the best day trading app for you. With the forex.com app, you can day trade over 80 currency pairs, including majors, minors, and exotics. 

You can download the Forex.com app on both Android and iOS devices via their respective app stores free of charge. The forex.com app is compatible with MT4 and offers a 30-day free day trading simulator. You can use this day trading simulator to get to know the app and test forex trading strategies.

If you want to start trading with real money, you can open a forex.com trading account with $50 or more. Forex.com accepts a wide range of payment methods like credit cards, PayPal, and bank wire transfers. 

ProsCons
Over 80 available currency pairsOnly offers forex
Compatible with MetaTrader 4Long KYC process
Free trading simulatorDemo account only lasts 30 days

Download forex.com app


10. Interactive Brokers: Best Day Trading App in UAE for Trading Multiple Asset Classes

interactive-brokers-rating

Interactive Brokers is one of the oldest retail brokerage firms operating since 1978. It is a top-notch American broker with millions of clients in 33 countries in the world. Interactive Brokers has a desktop trading terminal available and a mobile trading app. 

With their trading app, you can trade stocks, futures, options, forex, and stock CFDs. They also offer shares, index funds, and ETFs managed portfolios. The fees they charge vary among the asset classes, but they are competitive compared to other brokers. 

You can get started with the Interactive Brokers app with any amount of money, but be ready to be overwhelmed by all the features and tools it offers. Having said that, their app might be hard to understand for beginners.

ProsCons
All asset classes availableHard to understand for beginners
Offers managed portfolio servicesNo demo account
One of the oldest, most reputable brokers

Choosing the Best Day Trading App

Now that you know what the best day trading apps are, let’s discuss how you choose the best day trading app for you. When you decide which day trading app to use, you have to take the following things into consideration:

License and Regulation

Always make sure you are trading with a licensed and regulated broker. The best financial regulatory bodies are CySec, FCA, ASIC, and DFSA. You can check whether you are dealing with a regulated broker by viewing the bottom of the homepage of their website. Most of the time they have small print here that tells you which regulatory body regulated them. 

Available Assets

If you want to trade forex, you want to use a trading app that offers a lot of currency pairs. If you rather want to trade crypto, you want to use a crypto trading app. Before you download any day trading app or deposit money at a broker, you must check whether they have the assets you want to trade available.

Trading Tools 

Most trading apps offer trading tools and features like technical indicators, economic calendars, or social trading. Some even have automated trading software, MT4 plugins, and signal provider services.

It depends on what kind of trader you are, but it is recommended to trade with a broker that offers a lot of tools and features for free.

Educational Material

If you are new to day trading then it’s best to use a trading app that offers educational materials. eToro is a good example of a broker that has a lot of educational material. They have videos and guides on all kinds of topics. 

User Experience

Trading from your smartphone should be easy and error-free. It is important that you trade with a day trading app that is easy to use and that works with the operating system of your device. You want fast loading speeds and convenient buttons and menus so that you can trade in the most efficient way. 

Payment Methods

Some trading apps only allow you to deposit by bank wire transfer. This is cumbersome and we recommend only using trading apps that support a wide variety of payment methods. It should be easy to deposit and withdraw money to and from your trading account.

Customer Service

The best day trading apps have excellent customer service. Ideally, you can contact the customer service of your broker via live chat from your smartphone. This saves time by not having to send an email or call them. 

Getting Started with a Day Trading App

Getting started with day trading via an app is easy and straightforward. Follow the steps below to do so.

  1. Open an eToro Day Trading Account 
    You will need a day trading account before you can download a day trading app. As we recommend eToro for beginner day traders, go to the eToro website and sign up for an eToro account by filling in your personal details.
  1. Download and Install the eToro App
    Once you have set up your eToro account, navigate to the Apple Store or Google Play Store to download the eToro app. Install the app when it is done downloading.
  1. Verify your Identity
    eToro will ask you to verify your identity before you can place any trades. To do so, take a photo with your phone’s camera of your driver’s license, passport, or national ID card. 
  1. Deposit Funds
    When you have verified your identity it is time to deposit funds into your trading account. You can do this by credit card, PayPal, Neteller, Skrill, or bank transfer.
  1. Trade
    Now that you have money in your trading account, you can open your first trade. Use the search bar to find your preferred asset. Click on it and determine how much you want to invest and when you want to take profit. Once you have done this, you click ‘Set Order’ to place your trade.

Best Day Trading Apps in UAE – Bottom Line

We have told you what the best day trading apps in the UAE are in this guide. Apart from that, we explained what to take into consideration when choosing the right trading app. From the best day trading apps discussed in this article, we recommend trading with eToro. 

Start Day Trading with eToro

FAQ

Are day trading apps legal in UAE?

Yes, day trading apps are legal. We recommend only using day trading apps from regulated brokers.

Is day trading options possible from my phone?

Yes, with the Interactive Brokers, TD Ameritrade, and AvaTrade apps you can day trade options from your phone.

What is the best free day trading app in UAE?

We recommend eToro as the best free day trading app for UAE traders. They offer a $100k demo account to practice day trading with.

What is the best day trading app for stocks in UAE?

We recommend using the Robinhood or Interactive Brokers apps for day trading stocks for UAE traders.


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education and research are all part of our six-month evaluation of a broker’s trading platform.The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were 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 brokers 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.

Disclaimer
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 Buisness24-7 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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