Best Forex Trading App in UAE 2023 (June UPDATE)

Page Summary

This guide helps to compare and find the best forex trading apps in UAE. Forex trading apps are popular among UAE traders and investors as they allow them to trade from their mobile phones on the go. However, with the various mobile apps in UAE offering different options and conditions, selecting the ideal provider for individual needs is tough.

To help traders make the ideal choice, the services of available providers in the UAE have been assessed considering: the range of forex trading pairs, fees, order types, mobile trading tools, research & education materials, and customer support.

This guide compares 138 online brokers for users to compare and select the ideal provider for their needs. To help them make an informed decision, a list of the best forex trading apps in UAE is shared below, followed by in-depth reviews and comparisons.

Best Forex Trading Apps in UAE

  1. eToro – Best for Beginners
  2. AVAtrade – Top For Forex CFDs
  3. FXTM – High Regulated Forex Trading App
  4. ThinkMarkets – Ideal For Professional Traders
  5. TD Ameritrade – Best For Research and Education

Top 5 Forex Trading Apps Reviewed

The best forex brokers in UAE are reviewed below including key features.

1. eToro

eToro logo

Rating: 4,9/5

Min Deposit: $50

Fees: 4.8

Assets available: 4.8

Total Fees:

Open account Read review

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

eToro is the leading social trading company with premium forex trading services. It is a well-established and licensed broker for professional traders. It offers three proprietary platforms, the MetaTrader suite, ZuluTrade and DupliTrade.

With the help of the demo account, new traders learn about virtual trading and copy trading techniques. eToro has an excellent social trading platform. It helps traders uncover the best forex trading strategies by following experienced traders.

Open account

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

2. Avatrade

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

AVATrade is a popular broker with competitive spreads and different tradable instruments. It is a good choice for professional forex traders due to its reliability and functionality.
It offers reliable forex education tools and a wide range of trading instruments.

This broker has a dedicated educational and research site. It helps new investors discover valuable information on market data and trading strategies.

Open account

71% of retail CFD accounts lose money

3. FXTM

FXTM logo

Rating: 3,8/5

Min Deposit: $200

Fees: 3.5

Assets available: 2.7

Total Fees:

Open account Read review

80% of retail CFD accounts lose money

ForexTime FXTM is the most widely used forex trading platform in the world. It is safe, flexible, and available on iOS, Mac, Android, and Windows devices. It is one of the best mobile trading apps because of its user-friendly interface.

It offers access to automated tools for professional traders. These come with rapid execution rates and increased profitability. ForexTime FXTM is a good choice for traders aiming to specialize in forex trading. It has several educational and research tools.

Open account

80% of retail CFD accounts lose money

4. ThinkMarkets

Think-Markets-logo

Rating: 4,1/5

Min Deposit: $0.00

Fees: 4.4

Assets available: 3.0

Total Fees:

ThinkMarkets has 160 analysis indicators and analysis tools. It stands out as the best app for professional traders due to the premium data offered.

This app has built-in trading tools, including a risk scanner, trading simulator, and intelligence reports.

5. TD Ameritrade

TD Ameritrade logo

Rating: 4,1/5

Min Deposit: 0

Fees: 3.6

Assets available: 4.9

Total Fees:

TD Ameritrade is an excellent online broker for beginners. Its massive trading platform offers reliable learning tools. It has the best combination of ease to use, educational and research tools for new investors. It comes with powerful market data and portfolio-building guidance.

This broker’s app is useful for inexperienced traders. It offers educational materials for forex trading. TD Ameritrade lets its traders trade almost any asset.

How To Choose The Ideal Forex Trading App in UAE?

Criteria to select the best forex trading app in UAE are listed below.

  • Number of forex currency pairs. Broker apps with a wider range of forex instruments should be preferred. They allow better deverzification and flexibility which increases chances for profit.
  • Reputation. Choosing a reputable broker helps to avoid losing money on scams. The following criteria helps to determine brokers reputation: number of users, number of positive user feedback, number of tier-one licences (SCA, DFSA, ADGM).
  • Fees. There are two types of fees to be considered: trading fees (spreads, commissions) and non-trading fees (overnights, conversion fees, deposit and withdrawal fees). Brokers with low overall fees should be preferred.
  • Forex Trading Platforms and Third Party Integrations. Traders need to consider their knowledge level, trading style and trading goals to select a broker with the right trading platform. Some of the most popular forex platforms are: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView.
  • Experience level. Brokers apps offer trading features and trading interfaces for different experience levels (beginners, intermediate and advanced). Traders knowledge level needs to betaken into account.
  • Personal Preferences. Individual criteria that need to be to considered when choosing a trading app include: Religion (Islamic account options), Language (Arabic, English), Trading style (automated trading, swing trading, day trading, algorithmic trading, leverage)

The Top Forex Trading Apps Compared

Key features of the top forex apps in UAE are compared in the table below.

FeatureseToroAvatradeFXTMThinkmarketsTDameritrade
AndroidYesYesYesYesYes
AppleYesYesYesYesYes
Watchlist (mobile)YesYesNoNoYes
Economic Calendar (mobile)YesYesNoYesNo
Charting tools (mobile)YesYesYesNoNo
Watchlist’s syncing YesYesYesYesYes

Can You Trade Forex On Any Mobile Device?

Traders can trade forex on any mobile device that is running on a Android or iOS system. Most forex apps allow users to trade with the same tools and features that are available on their desktop versions.

Which Is The Best Suited App For Forex Trading Beginners?

eToro has the best suited forex trading app for beginners in UAE. The app has an intuitive interface with easy buy and sell options, copy trading features, wide range of educations resources and great customer support.

What Are The Best Third Party Platforms Available as Mobile App?

Third party platform integrations that have a mobile version for forex trading include: Metatrader (MT4 and MT5), cTrader, Tradingview, Autochartist, MyFxbook and Zulutrade.

Conclusion

It requires time and effort to review mobile trading apps of different providers in the UAE to find the ideal option. Users must compare and evaluate relevant information to make the optimal choice for their needs.

This guide does the hard grind for potential traders and investors, comparing and evaluating the top choices for different preferences and trading strategies. The results of our analysis of the best forex trading apps are summed up in the table below.

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroBest for copy trading4,9/5BeginnersOfficial website
#2AVAtradeBest web trading platform4,9/5Forex CFDsOfficial website
#3FXTMBest app4,6/5RegulationOfficial website
#4ThinkMarketsLowest trading fees4,5/5ProfessionalsOfficial website
#5TD Ameritradeease to use, educational and research tools4,1/5Research and EducationOfficial website

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. 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. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site is registered on wpml.org as a development site.