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Best Day Trading Simulators in UAE

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Day trading simulators or demo trading accounts are handy tools to test trading strategies. Both new and experienced traders can use them free of charge. In this guide, we will be looking at the best day trading simulators in the UAE. Apart from that, we will explain to you how to set up your demo trading account. 

Best Day Trading Simulators in UAE

Best Day Trading Simulators and Demo Trading Accounts in UAE

In this list, you will find the best day trading simulators and demo trading accounts available to UAE traders. 

  • eToro – Overall Best Day Trading Simulator in UAE
  • Capital.com – Best Day Trading Simulator for Beginners
  • Libertex – Best Day Trading Demo Account with low Spreads on CFDs
  • AvaTrade – Best Day Trading Demo Account for MT4/MT5 Trading
  • Forex.com – Best Day Trading Simulator for Forex Trading
  • TD Ameritrade – Best Day Trading Simulator for Stock Trading
  • Interactive Brokers – Best Day Trading Simulator App
  • FXCM – Best Day Trading Demo Account for Auto Trading
  • TradeStation – Best Day Trading Simulator for Options and Futures Trading
  • Trading212 – Best Day Trading Demo Account for Fractional Stock Trading
RANKBROKERGENERALRANKINGBEST FORWEBSITE
#1eToroOver 2,000 assets to trade.4.9 / 5Overall Best Day Trading SimulatorOfficial website
#2Capital.comBest day trading simulator for beginners4.7 / 5Best Day Trading SimulatorOfficial website
#3LibertexLow, competitive spreads4.6 / 5Best Day Trading Demo AccountOfficial website
#4AvaTradeDoesn’t charge any commissions but only spreads.4.8 / 5Best Day Trading Demo Account for MT4/MT5 TradingOfficial website
#5Forex.comDemo account available for 30 days.4 / 5Best Day Trading Simulator for Forex TradingOfficial website
#6TD AmeritradeWell-suited for both beginner and experienced traders4.7 / 5Best Day Trading Simulator for Stock TradingOfficial website
#7Interactive BrokersApp offers a financial news feed, technical indicators, market scanners, and a risk navigator tool4.9 / 5Best Day Trading Simulator AppOfficial website
#8FXCMFocuses on automated trading4.3 / 5Best Day Trading Demo Account for Auto TradingOfficial website
#9TradeStationSpecializes in the options and futures markets3.7 / 5Best Day Trading Demo Account for Auto TradingOfficial website
#10Trading212Possible to invest as little as $1 in a stock4.4 / 5Best Day Trading Demo Account for Fractional Stock TradingOfficial website

Reviews of the Best Day Trading Simulators and Demo Accounts in UAE

Day trading simulators and demo trading accounts mirror the real financial markets. You have to sign up at a broker to use one of them. Below we will review the best brokers to help you choose the best broker to open an account with. 

01. eToro: Overall Best Day Trading Simulator in UAE

etoro-rating

eToro is one of the most famous brokers. Their trading platform is user-friendly and offers traders over 2,000 assets to trade. With an eToro day trading simulator or demo account, you can trade these assets like it is the real market. 

The eToro demo account has a $100,000 balance. You can use this balance to trade stocks, commodities, forex, and cryptos. 

If you think you are ready to trade with real money, you can open a real eToro account from $50 (200AED). With a real eToro account, you can trade the same markets and use the copy trading tool. This tool allows you to copy other traders and trade the markets on auto-pilot. 

ProsCons
Over 2,000 instruments across all asset classesNo advanced trading tools are available
$100k free demo account
Copy Trading services

Visit eToro


02. Capital.com: Best Day Trading Simulator for Beginners

capital-com-rating

Capital.com offers the best day trading simulator for beginners. Capital.com is a regulated forex and CFD broker that has an easy-to-use platform, without too much fuzz. You don’t need to deposit money to open a Capital.com demo account. With the demo account, you can trade stocks, ETFs, forex, commodities, and cryptocurrencies.

Make sure to check out the educational material Capital.com offers whilst you are practicing with their demo account. This will prepare you for real money trading with their trading platform. You can open a real Capital.com trading account from $20. 

ProsCons
Easy-to-use trading platformHigh spreads on crypto
Educational material for beginners
Cryptocurrency trading available


03. Libertex: Best Day Trading Demo Account with low Spreads on CFDs

libertex-rating

Libertex is one of the best CFD day trading brokers with low, competitive spreads. They only charge about 0,01% commission per trade. This is favorable for day traders who open a lot of positions daily. Libertex offers a free day trading simulator to anyone who wishes to use it. This demo account has an endless virtual balance.  

If you want to trade with real money, Libertex is one of the lowest-entry brokers. The minimum deposit to open a real trading account at Libertex is only $10 or 40 AED. You can fund your Libertex account with either credit card, bank wire transfer, or PayPal.

ProsCons
Low fees and spreadsOnly offers CFD trading
Low minimum deposit to open real account
Unlimited demo account 


04. AvaTrade: Best Day Trading Demo Account for MT4/MT5 Trading

ava-trade-rating

AvaTrade offers the best day trading simulator that traders can use with MT4 or MT5. All you need to get started with this demo trading account is a free AvaTrade account. You will then be able to log in MT4 or MT5 with your AvaTrade credentials. Once you are logged in, you can trade forex, commodities, indices, stocks, and cryptos. 

AvaTrade doesn’t charge any commissions but only spreads. The AvaTrade day trading simulator reflects this, so you know exactly how much you would pay in fees if you were trading with real money. 

One of the biggest advantages of AvaTrade is that you can trade with high leverage. The amount of leverage you can trade with depends on your country of residence. In the UAE the maximum leverage at AvaTrade is 30:1. The day AvaTrade day trading simulator is available on both desktop PCs and mobile devices.

ProsCons
Compatible with MetaTrader 4 and 5Only offers CFD trading
Commission-free tradingHigh spreads on crypto
High leverage up to 30:1

Visit AvaTrade


05. Forex.com: Best Day Trading Simulator for Forex Trading

forex-com-rating

If you want to practice forex trading strategies, look no further than forex.com. They offer a great forex day trading simulator that you can use to trade over 80 forex pairs with. The forex.com demo account is compatible with MetaTrader 4, but you can also use their web trader. 

Anyone can open a free day trading demo account with forex.com. The only downside is that it is available for 30 days. 

When you create a real money forex.com account, you can keep using the day trading simulator. To do this, you need to deposit $100 (400 AED) or more. You can fund your Forex.com trading account by credit card, bank wire transfer, or PayPal. 

ProsCons
Compatible with MetaTrader 4Only lasts 30 days
Trade over 80 forex pairsDoesn’t offer stock trading
Wide variety of banking options

Visit Forex.com


06. TD Ameritrade: Best Day Trading Simulator for Stock Trading

td-ameritrade-rating

TD Ameritrade is one of the best American stock brokers. They have been in business since 1975 and are a household name when it comes to trading. Traders from the United Arab Emirates can open a TD Ameritrade demo account to trade stocks with. This demo account gives access to their thinkorswim trading platform. 

The thinkorswim trading platform is well-suited for both beginner and experienced traders. It contains all kinds of trading tools and features. To trade with your virtual balance on thinkorswim, click the ‘paper money’ button under the regular login button. 

There are over 11,000 stocks to trade on the platform and traders can also trade options and futures. TD Ameritrade doesn’t charge any commissions or fees and they have a trading app that you can use on both iOS and Android mobile devices.

ProsCons
Over 11,000 stocks to tradeTakes a while to get used to
Commission-free stock and options trading
Android and iOS day trading simulator app


07. Interactive Brokers: Best Day Trading Simulator App

interactive-brokers-rating

Interactive Brokers offers the best day trading simulator app. Traders can use this app on both iOS and Android devices and it has all kinds of features. The Interactive Brokers app mirrors real financial markets. The fees charged within the trading simulator are the same as with real money trading. The app offers a financial news feed, technical indicators, market scanners, and a risk navigator tool.

With the Interactive Brokers trading app you can trade thousands of markets across more than 30 countries. These markets include stocks, ETFs, forex, and cryptocurrencies. Interactive Brokers is a regulated broker that has years of experience in the industry. You can open a real money trading account with them and fund it with any amount of money. 

ProsCons
Access to thousands of markets Not suited for beginners
Advanced trading tools and features
No minimum deposit to open real account

Visit Interactive Brokers


08. FXCM: Best Day Trading Demo Account for Auto Trading

fxcm-rating

FXCM is a broker that focuses on automated trading. With their day trading simulator you can use algorithmic trading systems and forex expert advisors. You can connect these to trading platforms like MetaTrader 4, ZuluTrade, and NinjaTrader.

FXCM has a third-party marketplace where traders can buy strategies and systems from other traders. The FXCM day trading simulator is free to use and comes with a preloaded $50,000 balance. 

On FXCM you can trade over 6,000 assets amongst different asset classes like forex, commodities, stocks, and cryptos. It is possible to trade with margin or open a spread betting account. 

ProsCons
Compatible with MetaTrader 4, ZuluTrade, and NinjaTraderHigh spreads on cryptos
Buy automated trading systems in the FXCM Marketplace
Trade over 6,000 assets, including forex, commodities, stocks, and cryptos


09. TradeStation: Best Day Trading Simulator for Options and Futures Trading

trade-station-rating

TradeStation is one of the best American brokerages that specializes in the options and futures markets. With their day trading simulator you can practice options and futures trading strategies, but also trade forex, commodities, and indices. You have to sign up for a TradeStation account before you can use their free demo trading account. 

TradeStation charges low, competitive fees of $0,50 per options contract and $1,50 per futures contract. Traders can buy US shares without paying any commission via TradeStation, also if they don’t live in the USA.  

ProsCons
Low fees on options and futuresFew international assets offered
Commission-free US stocks trading
Unlimited free day trading simulator


10. Trading212: Best Day Trading Demo Account for Fractional Stock Trading

trading-212-rating

Trading212 is a CFD broker where you can trade fractional assets. This means that you don’t have to buy or sell entire shares, but can trade parts of shares. It is possible to invest as little as $1 in a stock via Trading 212. This is well-suited for day traders and beginner investors who do not have the capital to trade whole shares. Trading212 has a day trading web trader and a demo trading app available. 

The Trading212 demo trading account comes with a $50,000 balance and you can reset this any time you want. If you make any mistakes or if certain trading strategies don’t work, you can do this to try a different approach. Trading212 offers over 10,000 stocks to trade, but users can also trade forex, commodities, and cryptocurrencies.

ProsCons
Users can reset demo account balanceHigh spreads on crypto
Fractional share trading available0,5% fee on trades not in your account’s currency
Over 10,000 stocks to trade


How to Choose the Best Day Trading Simulator in the UAE

Almost all brokers offer a day trading simulator or demo trading account. It can be difficult to choose the right one. Below we will discuss the things to look out for to help you choose the right broker to open a demo account with.

Demo Account Balance

Most demo trading accounts and day trading simulators come with a one-time fixed balance. eToro gives you a $100,000 virtual balance for instance. It is wise to use a demo account with funds that reflect your actual real money capital. 

We recommend this because else you will make trades with the demo account that you will never make with real money. It is always a good thing if brokers allow you to reset the demo account balance. This way you can try different trading strategies and see what works the best for you. 

Duration

Some brokers offer a limited day trading simulator or demo account. We recommend signing up with a broker that offers a limitless one. 

Demo Account Features

It is important that a demo account or day trading simulator has the same features as a real money account. If it only has limited features, you don’t get a good idea of how the real trading platform works.

Available Assets

We recommend only choosing a day trading simulator that offers the assets that you want to trade with real money. Always check with the broker of your choice if they offer your preferred asset class(es). 

Trading Tools 

You will need access to professional trading tools if you want to become a professional, profitable day trader. Look for things like technical indicators, market sentiment tools, and copy trading services. eToro is a broker that offers these trading tools within their day trading simulator.

Getting Started with a Day Trading Simulator

Are you looking to get started with a day trading simulator? Follow the steps below to set up your free eToro demo account.

1. Register

You will need an eToro account before you can start using their day trading simulator. Navigate to the eToro website and click on the ‘Start Investing’ button. A pop-up will show up and ask for your personal details. Fill these in and click ‘Create Account. 

2. Switch to Demo Trading

Once you have created your eToro account, log in and switch to demo mode. You do this by clicking on your username and then selecting ‘Virtual Portfolio’ from the dropdown menu.

3. Trade

Search the available markets for the asset you want to trade. You can use the search bar in the middle of the screen to do so. Click on it, specify how much virtual money you want to invest and click on ‘Open Trade’. 

4. Create a Real Money Account

If you get the hang of trading with the eToro day trading simulator and wish to trade with real money, you can do so at any given moment. To do this you click ‘Real Portfolio’ under your username. You then proceed to go to the deposit page. Here you can make a deposit with your credit card or by PayPal. 

Start day trading with a free eToro demo account

Best Day Trading Simulators in the UAE – Bottom Line

Day trading simulators and demo trading accounts are great tools. As a beginner day trader you can test out trading strategies and get to know trading platforms. Experienced day traders can use demo accounts to test auto trading software and expert advisors. 

From all the day trading simulators that we have tested, we found eToro’s demo account the best one. 

FAQ

Can I use a day trading simulator on MetaTrader 4?

Yes, to do this you sign up at one of the brokers above and sign in MetaTrader 4 with the credentials this broker provides you.

What is the best day trading simulator or demo account in the UAE?

We found eToro to offer the best day trading simulator. With this demo trading account, you can trade over 2,400 stocks and other assets.

Do day trading simulators show the same prices as real trading accounts?

Yes, most day trading simulators and demo accounts mirror real financial markets.

What is the best app to practice day trading for free in the UAE?

We recommend eToro’s day trading app. You can download this app for free on both Android and iOS devices.


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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