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Best Day Trading Platform for Crypto | 2023 Award Winning Trading Platforms

Page Summary

The growing interest in crypto day trading in UAE makes it essential for users to find a crypto exchange with a transparent and safe trading platform. The 29 crypto exchanges and brokers in UAE allow cryptocurrency day trading with different trading conditions, making it challenging for investors to select the ideal option for their needs.

Market volatility, different trading features, and fee structures require potential investors to understand the pros, cons and key features of trading platforms, considering the risk of investment loss in case of exchange bankruptcy.

To help users make an informed decision, essential data to choose the best day trading platform in UAE for cryptocurrencies are summarised as a list of top choices, in-depth reviews, comparisons and FAQ.

Best Crypto Day Trading Platforms in UAE 

  1. eToro – Best overall offer for crypto day trading
  2. AVAtrade – Best MT4 platform
  3. Robinhood – Top for micro-investing
  4. Binance – Ideal trading platform for day trading
  5. Capital.com – Optimal For Crypto CFDs
  6. Interactive Brokers – Best For Bitcoin futures

Top Crypto Day Trading Platforms in UAE Reviewed

Cryptocurrency exchanges in UAE with the highest rated platforms for crypto day trading in UAE are reviewed below.

1. eToro – Overall Best Brokers

eToro logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.8

Assets available: 4.8

Total Fees:

Open account Read review

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 min to learn more

eToro is the leading social trading brokerage firm with an excellent day trading platform. It offers a proprietary platform, a web platform, and a dedicated social trading space.

This broker offers premium research tools, including social sentiment and an economic calendar. eToro has some of the best day trading services for experienced investors.

Open account

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 min to learn more

2. AVAtrade – Best Platform On MT4

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

AvaTrade has an excellent trading platform with low spreads and trading fees. It offers many educational and research tools, including tutorials and free courses.

This broker has a straightforward web, desktop, and mobile platform. It provides one of the best crypto day trading platforms on MT4 with access to social trading tools. It is a top choice for traders of all levels.

3. Robinhood – Best Trading Platform For Micro Investing

Robin Hood logo

Rating: 3,9/5

Min Deposit: 0

Fees: 4.0

Assets available: 3.7

Total Fees:

Robinhood is a leading U.S. broker with premium services for micro-investing. It has a versatile portfolio with professional tools.

This broker has an excellent mobile trading app with secure authentication and many trading features. It is a top choice for micro-investing because of its professional research tools. Robinhood has reliable platforms designed for professional investors. You must have a valid social security number (SSN) and a valid U.S.-based address to open an account at Robinhood.

4. Binance – Best For Day Traders

binance-logo

Rating: 4,8/5

Min Deposit:

Fees: 4.8

Assets available: 5.0

Total Fees:

Binance is a leading cryptocurrency exchange with the best platforms and services for Bitcoin day trading. It offers access to hundreds of digital currencies, including Bitcoin.

Binance has low commission fees of 0.1%. It provides access to advanced charting and analysis tools. Binance is a good fit for professionals, as its learning tools are limited. It has many premium services, including crypto staking.

5. Capital.com – Best For Beginners

Capital.com logo

Rating: 4,8/5

Min Deposit: $20

Fees: 4.8

Assets available: 4.7

Total Fees:

Capital.com is a leading CFD and forex broker with top-tier licenses. It is a good fit for traders searching for trustworthy day trading platforms and beginner-friendly services.

Capital.com has web, mobile, and desktop platforms. All have intuitive interfaces and two-step authentication. This broker offers valuable research tools, including trading ideas. We recommend it for beginner investors, as it provides educational articles, webinars, and videos.

6. Interactive Brokers – Best For Bitcoin Futures

Interactive Brokers

Rating: 4,9/5

Min Deposit: $0

Fees: 4.9

Assets available: 4.9

Total Fees:

Interactive Brokers is a trustworthy brokerage firm with a competitive pricing structure for day trading. It offers a virtual trading account, a proprietary platform, and a professional app.

This broker has an impressive portfolio contributing to an outstanding day trading experience. It offers access to a versatile portfolio, including Bitcoin futures. Interactive Brokers is a good choice for traders at all levels.

How To Choose The Ideal Exchange and Platform For Crypto Day Trading in UAE?

Criteria for finding an exchange with the optimal crypto day trading platform in UAE are listed below.

  • Trading volume and liquidity. Exchanges with higher trading volume should be preferred as they guarantee a reliable trade execution.
  • Trading fees and commissions. Exchanges and brokers with lower overall fees should be considered as they allow lower overall costs.
  • Range Of Cryptocurrencies. Exchanges with a wider range of crypto trading instruments allows deverzification and flexibility.
  • Trading Platforms and Tools. Exchanges and brokers with a wide range of charting and analysis tools should be preferred.
  • Reliable Trade Execution. Providers with minimal downtime and platforms stability need to be considered.
  • 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

Top Crypto Day Trading Exchanges Compared

Key features of exchanges with the top crypto day trading platforms in UAE are compared in the table below.

crypto space.

BrokerNumber of Available CryptocurrenciesTrading FeesLiquidity/Spot Trading VolumeTrading PlatformsCustomer ServiceRegulators
eToro79Spread-based fees from 1% HigheToro Platform, Mobile App24/5 Live Chat, Ticket SystemFCA, CySEC, ASIC
AVAtrade40Spread-based feesModerateMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions24/5 Live Chat, Phone, EmailCentral Bank of Ireland, ASIC, FSCA, FSA, FFAJ
Robinhood55Commission-free for cryptocurrenciesModerate to HighRobinhood Platform, Mobile AppEmailFINRA, SEC
Binance250+0.1% spot trading feeVery HighBinance Platform, Mobile App24/7 Live Chat, Ticket SystemMultiple, including FCA (UK), but faced regulatory scrutiny
Capital.com30+Spread-based feesHighCapital.com Platform, Mobile App24/7 Live Chat, Email, PhoneFCA, CySEC
Interactive Brokers6+ via Paxos Trust CompanyTiered and fixed rate pricingModerateTrader Workstation, IBKR Mobile, Client Portal24/5 Phone, ChatFINRA, SEC, FCA, and more

What Is Crypto Day Trading? 

Crypto day trading is similar to forex trading. It involves trading pairs and speculating on the short-term value of a digital currency. For example, if you wanted to trade Ethereum against the U.S. dollar, it would be displayed as ETH/USD. The goal is to speculate on whether the exchange rate will rise or fall. If you do it correctly, you will make a profit.

What Is The Best Currency For Day Trading? 

Bitcoin is the best cryptocurrency for day trading, and the pair BTC/USD is the best market to focus on. Check our in-depth reviews to learn more about cryptocurrency and day trading. 

Which Is The Best Day Trading Strategy? 

Day trading is a top choice for professional traders, as beginners lack the necessary knowledge for technical analysis and chart reading. There are many crypto day trading strategies recommended for new traders. 

  • Copy trading is a top choice for day trading crypto. It refers to copying an experienced crypto trader trade-for-trade. 
  • Following crypto signals is a day trading strategy popular with inexperienced trades. A signal will tell the trader what positions to place. 
  • Day trading robots are available through MT4. The software will have a list of pre-defined conditions which the robot will follow. 

Conclusion

Crypto-day trading is a common investment strategy in UAE to achieve financial gains and grow wealth. However, with the growing number of exchanges, potential traders need to analyze, compare and evaluate available options to choose the ideal trading platforms for their needs.

This guide works hard to keep users safe and informed by comparing, evaluating and reviewing the services of available cryptocurrency exchanges. The Business24-7 expert teams previously removed non-transparent services lacking security features to guarantee informed decision-making. The assessment results in a list of the best crypto day trading platforms in UAE, wrapped up in the table below.

Cryptoassets are unregulated& highly speculative. No consumer protection. Capital at risk.

RANKBROKERPLATFORM SCOREBEST FORWEBSITE
#1eToro4,9/5OverallOfficial website
#2AVAtrade4,9/5MT4 platformOfficial website
#3Robinhood3,9/5Micro-investingOfficial website
#4Binance3,1/5Bitcoin day tradersOfficial website
#5Capital.com4,8/5BeginnersOfficial website
#6Interactive Brokers4,9/5Bitcoin futuresOfficial website

FAQ

Is Day Trading Available In the U.S.?

Yes, day trading crypto is available in the U.S. However, crypto CFDs are not legal in the U.S. Read our in-depth review to learn more about crypto day trading and availability.

Is It Safe To Use A Day Trading Platform?

There are many crypto day-trading platforms available, but most are unregulated. It is best to choose a top-tier broker to keep your money safe. eToro and AvaTrade are two examples of top-tier brokers. Check our in-depth reviews to read about online brokers and top-tier licenses.

Do Day Trading Platforms Accept PayPal?

Regulated online brokers support PayPal deposits and withdrawals. It is best to check the funding options before choosing a provider.

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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