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
- eToro – Best overall offer for crypto day trading
- AVAtrade – Best MT4 platform
- Robinhood – Top for micro-investing
- Binance – Ideal trading platform for day trading
- Capital.com – Optimal For Crypto CFDs
- 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
Min Deposit: $200
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 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.
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. AVAtrade – Best Platform On MT4
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.
71% of retail CFD accounts lose money
3. Robinhood – Best Trading Platform For Micro Investing
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 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
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.
79.17% of retail CFD accounts lose money
6. Interactive Brokers – Best For Bitcoin Futures
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 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.
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.
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.
| Broker | Number of Available Cryptocurrencies | Trading Fees | Liquidity/Spot Trading Volume | Trading Platforms | Customer Service | Regulators |
|---|---|---|---|---|---|---|
| eToro | 79 | Spread-based fees from 0.75% to 2.90% | High | eToro Platform, Mobile App | 24/5 Live Chat, Ticket System | FCA, CySEC, ASIC |
| AVAtrade | 40 | Spread-based fees | Moderate | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions | 24/5 Live Chat, Phone, Email | Central Bank of Ireland, ASIC, FSCA, FSA, FFAJ |
| Robinhood | 55 | Commission-free for cryptocurrencies | Moderate to High | Robinhood Platform, Mobile App | FINRA, SEC | |
| Binance | 250+ | 0.1% spot trading fee | Very High | Binance Platform, Mobile App | 24/7 Live Chat, Ticket System | Multiple, including FCA (UK), but faced regulatory scrutiny |
| Capital.com | 30+ | Spread-based fees | High | Capital.com Platform, Mobile App | 24/7 Live Chat, Email, Phone | FCA, CySEC |
| Interactive Brokers | 6+ via Paxos Trust Company | Tiered and fixed rate pricing | Moderate | Trader Workstation, IBKR Mobile, Client Portal | 24/5 Phone, Chat | FINRA, 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.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | eToro | 4,9/5 | Overall | Official website |
| #2 | AVAtrade | 4,9/5 | MT4 platform | Official website |
| #3 | Robinhood | 3,9/5 | Micro-investing | Official website |
| #4 | Binance | 3,1/5 | Bitcoin day traders | Official website |
| #5 | Capital.com | 4,8/5 | Beginners | Official website |
| #6 | Interactive Brokers | 4,9/5 | Bitcoin futures | Official 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. 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.