Best Day Trading Platform in UAE 2022

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In this guide, we cover the best day trading platforms in UAE. We have compared over 100 online brokers across 9 different categories. Broker reviews use our review methodology covering fees, mobile trading apps, customer support, trading platforms, tradable assets, banking options, regulation, and Islamic account availability. 

After measuring 100 variables across multiple brokers and comparing over 3500 data points, our research shows that these are the best day trading platforms in UAE. 

5 Best Day Trading Platforms in UAE:

  • Interactive Brokers – Best Broker for Day Trading Overall
  • TradeStation – Best For Futures Trading
  • IG Trading – Best Trading platform
  • IC Markets – Best Trading conditions
  • AVAtrade – Best For Beginners
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1Interactive BrokersCompetitive trading fees4.9 / 5Best Broker for Day Trading OverallOfficial website
#2TradeStationTrading simulator for practice3.7 / 5Best For Futures TradingOfficial website
#3IG TradingGood trade execution5 / 5Best Trading platformOfficial website
#4IC MarketsAutomated trading permitted4 / 5Best Trading conditionsOfficial website
#5AVAtradeGood choice for automated trading4.8 / 5Best For BeginnersOfficial website

TOP 5 Day Trading Platforms in Overview:

01. Interactive Brokers: Best Broker for Day Trading Overall

interactive-brokers-rating

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

Pros:

  • Competitive trading fees and reliable platform 
  • Fast rade execution, industry leading performance 
  • Wide choice of trading instruments (Forex, CFDs, Futures, Options)
  • Professional trading platform with special features for day traders

Cons:

  • Market data for all products in demo account delayed by 10-15 minutes except for OTC spot FX and OTC spot Metals

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

02. TradeStation: Best For Futures Trading

trade-station-rating

Tradestation is a reputable online broker known for its technology-leading trading platforms, great selection of tools and zero commission stock and ETF trading. Their industry leading trading platform suite combines a desktop, web and mobile version which are all performing above industry average. Tradestation offers a great selection of most popular asset classes including stocks, cryptos, options, futures, ETFs and IRAs.

Their trading fees vary based on account selection. Pricing is below industry average on the most used accounts (select and GO).  Minimum deposit is $2000 and there are no monthly charges. 

Pros:

  • Trading simulator for practice
  • Fast trade execution, industry leading performance
  • Competitive trading fees

Cons:

  • US regulated (Hedging not allowed, FiFo Rule on multiple trades with the same trading instrument)

Key features:

  • Access to over 20,000 stocks, ETFs, options, futures, mutual funds, bonds, and other financial instruments.
  • Early-access to newly listed securities via TradeStation’s IPO trading platform
  • Broad range of research and analysis tools for advanced traders like FuturesPlus, TSCrypto, Discover, and Insights
  • Fully paid stock lending and margin trading available
  • Low floating spreads, commissions, and other trading fees
  • Perfect for both beginner and advanced traders

03. IG Trading: Best Trading platform

ig-rating

IG is one of the largest and most popular regulated forex and CFD brokers globally. Traders can trade thousands of markets using IGs trading platforms like L2 Dealer and ProRealTime or connect their IG brokerage account with MetaTrader 4.

IG offers educational material, daily market update videos, and both technical and fundamental analysis case studies. If you are new to online trading, you can practice with IG’s free demo paper trading account first. For experienced traders IG offers spread rebates and access to more advanced financial instruments like digital options. 

Pros:

  • Wide choice of trading instruments (Forex, CFDs, Futures, Options)
  • Good trade execution
  • Provides signals for day traders
  • Automated trading permitted

Cons:

  • Higher fees on stock CFDs compared to other brokers 

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

04. IC Markets: Best Trading conditions

ic-markets-rating

IC Markets is an ASIC and CySEC-regulated broker operating globally. With IC Markets you can trade forex, CFD, and crypto with up to 1:500 leverage. IC Markets has over 2,000 tradable assets and charges low, floating spreads from 0,0 pips. 

IC Markets has multiple trading platforms available and is compatible with MetaTrader, cTrader, myfxbook AutoTrade, and ZuluTrade. Professional traders can open a Raw Spread, Standard or Islamic account at IC Markets, whilst beginners can practice trading with their unlimited demo paper trading account. 

You can fund your IC Markets account by bank transfer, credit card, or e-wallets like PayPal at 0% commission and receive access to a free VPS server after opening an account with them.

Pros:

  • MetaTrader 4 (MT4), MetaTrader (MT5) and cTrader platforms are available
  • Automated trading permitted
  • Low trading fees on Forex and CFDs

Cons:

  • Only offers Forex and CFDs

Key features:

  • Access to over 2,000 CFDs on stocks, bonds, indices, commodities, forex, and digital currencies
  • Islamic swap-free accounts available on request
  • Compatible with MetaTrader 4, 5, cTrader, ZuluTrade, and Myfxbook AutoTrade
  • Raw spreads from 0,0 pips
  • Well-suited for both beginner and experienced traders
  • Expert Advisors and other forms of automated trading allowed

05. Ava Trade: Best For Beginners

avatrade-rating

AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.

Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.

Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100. 

Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.

Pros:

  • MetaTrader 4 (MT4) and MetaTrader (MT5) trading platforms are available for day trading
  • Good choice for automated trading
  • Fast trade execution

Cons:

  • Futures not available

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

How Do We Choose Best Day Trading Platform in UAE 2022?

We compiled our list of best day trading platforms in the UAE by comparing 100 online brokers using 9 different criteria including: regulation, available assets, costs, trading platforms, and more. 

  • Fees – Every broker charges fees, and you should only trade with brokers charging competitive fees. Look for 0% fee brokers, or the lowest possible. 
  • Regulation – We recommend trading with regulated brokers holding licenses from top-tier regulators. 
  • Customer service – A good broker offers excellent customer service and is always ready to help. Make sure your broker speaks your language. 
  • Banking Options – Funding your brokerage account should be easy. Our broker reviews cover payment options and minimum deposits required to open accounts. 
  • Trading platforms – The best brokers have multiple trading platforms available like custom WebTraders, MetaTrader 4 and 5, and cTrader. 
  • Available assets – Your broker should offer many assets, including: stocks, bonds, ETFs, commodities, and more. 
  • Mobile Apps – We cover the mobile apps brokers offer their clients, so you can trade anywhere you want. 

What is Day Trading in UAE? 

Day traders trade everyday, and use short term strategies to profit, and open multiple positions across asset classes to gain from any market volatility there is. They close their positions by the end of the day to avoid overnight fees. 

What do Professional Traders Look for in a Day Trading Platform in UAE?

Professional UAE traders look for a trading platform that has fast execution speeds, excellent customer service, and as low fees as possible. Fees add up as day traders open many positions daily. 

If there is a technical outage or a trader has a question, customer service must respond fast. The best day trading platforms in UAE have both live chat and phone support available 24/7.

Which Assets do Day Traders in UAE Trade?

Volatility creates profits for day traders, and UAE day traders should trade the most volatile asset classes like cryptocurrencies, forex, stocks, and commodities.

Final Verdict

According to our research Interactive Brokers, TradeStation, IG Trading, IC Markets and Ava Trade are the best day trading platforms for UAE traders.

FAQ

Can I day trade on multiple trading platforms at the same time?

Professional traders trade on multiple trading platforms with different brokers at the same time. 

What are the risks of day trading?

Day traders use leverage which increases risks, losses rise along with the amount of leverage used.

Is day trading legal in UAE?

It is legal to day trade in the United Arab Emirates, and the SCA regulates all trading platforms and brokers operating in the country,

What is the fastest trading platform in UAE?

The fastest trading platforms in the UAE are Interactive Brokers and TradeStation.


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also 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 providers 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.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

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.