Page Summary
This guide helps users find the best UAE platforms for trading with gold. Various reliable and unreliable online brokers in the UAE offer gold investment options. It is often hard to separate the “wheat from the chaff” when choosing the suitable platform for certain individual needs and goals.
Missing out on research and comparing different brokers could impact investors to select a platform with limited trading tools, availability of assets, transparency, or regulation.
This guide assesses 43 online brokers in UAE for users to review and find the ideal platform for their needs. To help them make an informed decision, a list of the best gold trading platforms in UAE is shared below.
This guide assesses 43 online brokers in UAE that offer trading with gold. To help users make an informed decision and find the ideal option for their needs and goals, the best gold trading platforms are listed, reviewed and compared considering number of gold markets, customer support, gold trading fees, mobile trading apps, deposits & withdrawals, research & education on gold, regulation, and islamic account availability.
6 Best Gold Trading Platforms in UAE
- eToro – Best For Beginners
- Plus500 – Optimal for Mobile Gold Trading
- IC Markets – Lowest fee platform for gold trading
- Interactive Brokers – Ideal for active traders
- IG Trading – Optimal for Mobile trading
- AVAtrade – Top for Research and Education
Top 6 Gold Trading Platforms in UAE Reviewed
6 Online brokers with the highest rated platforms for gold trading in UAE are reviewed below.
1. eToro – Best For Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% 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.
Pros
- Social trading service (Gold traded by following successful traders)
- Gold traded as CFD and as ETF
- Good Research and Educational tools for Gold trading, helps for less experienced traders
Cons
- Gold CFD trading fees are higher than competitors
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
2. Plus500 – Optimal for Mobile Gold Trading
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees:
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford to risk losing your money.
Plus500 is a globally operating multi-asset broker founded in 2008. It is aimed at beginner and intermediate traders and investors. Its various trading platforms allow users to trade CFDs, ETFs, options, and futures on gold or invest in it over the long term.
As a multi-asset broker, Plus500 allows users to trade or invest in over 2,000 CFDs and stocks, 66 forex pairs, and more than 250 options and futures (for USA-based traders only). In addition to CFDs on gold, the broker also offers users access to binary options on gold and gold ETFs.
Plus500’s spreads on gold CFDs start at 4,6 pips, and intraday gold futures can be traded from $50 (with Micro or E-Mini contracts). Plus500’s gold CFD spreads are rather wide compared to those of our other top-rated gold trading platforms available to UAE-based traders and investors.
In addition, Plus500 charges non-trading fees in the form of inactivity fees ($10/month after 12 months of inactivity) and currency conversion fees (accounts cannot be held in AED).
Plus500 provides users access to various gold trading and investing features, including dynamic charting, drawing tools, indicators, trader sentiment information, negative balance protection for retail accounts, and multiple order types.
Plus500’s customer service is available 24/5 via live chat, email, and phone in Arabic, English, and over 10 other languages. In addition, Plus500 is regulated by multiple top-tier regulatory bodies, including the Dubai DFSA, CySEC, ASIC, FCA, and MAS.
In short, Plus500 is one of the brokers with the best gold trading platforms available to UAE traders and investors. It has a proven track record and excellent reputation among thousands of traders and investors worldwide.
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 82% 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 risk losing your money.
Use the table below to compare Plus500’s gold trading features with the other best gold trading platforms in the UAE in 2024.
| Broker | IC Markets | Plus500 | Interactive Brokers | eToro | AvaTrade |
| Gold Trading Options | CFDs | Binary Options, CFDs, ETFs (futures and options for USA traders) | Spot, Futures, CFDs, Options | CFDs | CFDs |
| Trading Platform(s) | MT4, MT5, cTrader | CFD, Invest | TraderWorkstation, Client Portal, IBKR Global Trader, IBKR Mobile | eToro (Proprietary) | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, AvaMac |
| Gold CFD Fees | 4,1 pips | 4,6 pips | $0,005 per contract | 4,5 pips | 3,9 pips |
| Research Tools | Market Insights, Daily News | Market Insights | Market Insights, Daily News, Webinars | Market Insights, Daily News | Market Insights, Daily News |
| Customer Support | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
Pros
- Multiple ways to trade or invest in gold (options, futures, CFDs, and ETFs)
- Beginner-friendly and feature-rich trading platform and app
- Free demo accounts and Islamic swap-free accounts are available on request
- English and Arabic customer service
Cons
- High gold CFD trading fees compared to other brokers
- 24/5 Live chat customer support instead of 24/7
- Limited trading platform features for professional and institutional traders
Key features
- Gold trading in the form of CFDs, ETFs, options, and futures
- Access to thousands of other financial instruments
- Commission-free CFD and forex trading
- Beginner-friendly trading platforms and apps
- Fast registration and KYC onboarding process
- Low minimum deposit requirement for live accounts ($100)
CFD Service. Regulated by the DFSA. Trading carries risk.
3. IC Markets – Best fees for gold trading
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.
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 5 (MT5) and cTrader platforms are available for Gold trading
- Leverage up to 1:200 for Gold; tight spreads
- Offers trading signals for Gold market
Cons
- Gold traded only as CFD
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
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.
4. Interactive Brokers – Best for active traders
Min Deposit: $0
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 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
- Gold traded as futures contract, options, and ETF
- Low trading fees on gold derivatives
- Over 100 different order types and algos available for gold trading
Cons
- Spot gold trading only available to US citizens
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
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.
5. IG Trading – Best for Mobile trading
Min Deposit: $5500
Fees: 3.7
Assets available: 4.5
Total Fees:
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
- MetaTrader 4 (MT4) and ProRealTime (PRT) trading platforms are available for Gold trading
- Gold traded as futures contract, CFDs and ETFs
- Good trading fees on Gold CFDs and Gold Futures
Cons
- Higher margin requirements for retail CFD and futures trading on Gold
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
75% of retail CFD accounts lose money
6. AVAtrade – Best for Research and Education
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
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 5 (MT5) trading platforms are available for Gold trading
- Gold traded by using social trading services (ZuluTrade, DupliTrade)
- Low spreads on Gold CFDs
Cons
- Gold only traded as CFDs
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
71% of retail CFD accounts lose money
Top Brokers For Gold Trading Compared
Key features of online brokers with the highest ranked gold trading platforms are compared below.
| Broker | Gold Trading Options | Trading Platforms | Research & Analysis Tools | Customer Support |
| eToro | Gold trading through CFDs and ETFs | eToro web and mobile | eToro Trading School, Market Analysis | 24/5 Live Chat, Support Ticket |
| Plus 500 | Binary options, CFD, ETF | Plus500 | Trading Academy, +Insights | 24/5 Live Chat, Email, Phone |
| IC Markets | Gold (spot and futures) trading on standard and micro contracts | MetaTrader 4/5, cTrader | Trading Central, Economic Calendar, Forex News | 24/7 Live Chat, Email, Phone |
| Interactive Brokers | Gold spot, futures, and options trading | Trader Workstation, Client Portal, IBKR Global Trader, IBKR Mobile | Wide variety of tools, including PortfolioAnalyst and Risk Navigator | 24/5 Live Chat, Email, Phone |
| IG Trading | Spot gold and gold futures trading, options and ETFs that track gold prices | IG Trading platform, ProRealTime, L2 Dealer, MetaTrader 4 | IG Academy, Technical Analysis, Fundamental Analysis | 24/5 Live Chat, Email, Phone |
| AvaTrade | Spot gold trading and gold futures trading | MetaTrader 4/5, AvaTradeGO, AvaOptions, Avasocial, DupliTrade, Capitalise.io | AvaTrade Education, Economic Calendar, Market Analysis | 24/5 Live Chat, Email, Phone |
How To Find The Best Gold Trading Platforms in UAE?
Criteria that help finding online brokers with the best suited gold trading platforms are listed below.
- Assets: You can trade gold as CFDs, ETFs, gold futures and physical gold (gold bullions, bars and coins) . We have considered how many options for gold trading is offered by each broker.
- Mobile Trading: Brokers offer mobile trading for spot gold and other commodities. Make sure your broker’s mobile platform has the trading tools you need.
- Fees: Trading fees for precious metals vary depending on the broker. Getting the best rates means more profit from winning trades. Brokers that offer 0% trading fees are the best, as long as the spread is competitive.
- Trading platforms: Commodity traders need fast execution, and a breaking news feed. Historical data should also be easy to access, especially if your broker uses a proprietary trading platform.
- Deposit & Withdrawal: Deposits and withdrawals need to be easy and cheap. Don’t choose a broker that charges to receive or send money. Bank fees may apply, but you can opt for an online payment method that is free.
- Regulation: Brokers regulated by the FCA, CySEC, and the ASIC deliver top-notch service. There are loads of brokers that are compliant in leading markets to choose from in the UAE.
- Research & Education: Trading gold is not for noob traders, and the gold markets are volatile. Anyone who isn’t experienced in the gold markets should choose a broker with good educational resources.
- Customer support: Choose a broker that has customer support staff in the language and timezone you need. Even better if it offers support 24/7.
Quick Facts About Gold?
Gold is a shiny metal made from the chemical Aurum that has been precious to mankind for a long time. It is one of the world’s most expensive metals associated with wealth and beauty.
Different Ways Of Trading and Investing With Gold in UAE
The gold trading basics in UAE are that you choose how you want to invest in gold, how much you want to invest gold, and for how long you want to trade gold.
You can invest and trade in gold in four ways: gold bullion, gold futures, gold ETFs, and gold mining ETFs.
- Gold Bullion – You cannot invest in gold bullion via a trading platform, but by buying physical gold bars and coins. You can buy gold in a gold seller’s store or online. The biggest risk of investing in gold bullion is that thieves can steal it from you.
- Gold Futures – Investing in gold futures involves speculating on its price and deciding whether to take physical delivery of gold or not. Leveraged trading is available on gold futures contracts. This is profitable, but risky.
- Gold ETFs – Gold ETFs are exchange-traded funds that track the value of gold. Examples of gold ETFs are SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and Aberdeen Standard Physical Gold Shares ETF (SGOL). Gold prices fluctuate like stock prices and ETFs give you exposure to these price changes.
- Gold Mining – Gold mining ETFs are exchange-traded funds that track the stock value of gold mining companies like VanEck Vectors Gold Miners ETF (GDX), VanEck Vectors Junior Gold Miners ETF (GDXJ), and iShares MSCI Global Gold Miners ETF (RING). By investing in gold mining ETFs you invest in gold mining performance rather than gold’s price.
Things You Should Consider Before Trading Gold
You should know that gold investments are speculative, have a bad long-term performance, and that you shouldn’t invest in them because they are easy to understand. All assets including gold are volatile. There are assets that out-perform gold. Investing in new technologies like cryptocurrencies can be more profitable than gold.
- Long-Term Gold Investing
You should invest in gold over the long-term as a hedge against inflation and to preserve your wealth. Gold doesn’t out-perform other asset classes but is a storage of value. Unlike currencies that are subject to inflation, gold keeps its value. You can diversify your portfolio by investing in gold along stocks, cryptocurrencies, and other financial instruments.
- Short-Term Gold Investing
You should invest in gold over the short-term to profit from its price movements. Gold doesn’t generate dividend or interest like stocks.
- Risks of Investing in Gold
The risks of investing in gold are security and purity concerns, fees, and not earning passive income. When you invest in physical gold you don’t know its purity and thieves can steal it. Commissions on gold are high, especially when you buy gold end products. Gold doesn’t generate a passive income like investing in dividend stocks, peer-to-peer lending, and other forms of investing do.
Tax Rules on Gold Investments in the United Arab Emirates
Dubai charges 5% VAT on gold, which is the lowest tax rate on gold worldwide. For this reason, people call Dubai the city of gold. You don’t have to pay any capital gains tax when investing in gold stocks, gold ETF’s, or other forms of ‘paper gold’.
Getting Started with Trading on Gold Trading Platforms in UAE
You get started with trading on gold trading platforms in the United Arab Emirates by opening a gold trading account, verifying your identity, depositing funds into your account, and opening your first gold trade.
- Opening an eToro Gold Trading Account
You open an eToro gold trading account by going to the eToro website, clicking on ‘Sign Up’, and filling in your personal details.
- Verifying Your Identity
All traders will need to verify their identity before they can trade gold at eToro. You do this by uploading a photo of your passport, national ID card, or driver’s license.
- Depositing Funds to Trade Gold
You will need to deposit funds into your gold trading account at eToro before you can start trading. eToro has multiple banking options available like credit/debit cards, PayPal, and bank transfers. - Open a Gold Trade
Search for ‘SPDR’ or ‘GLD’ in eToro’s asset search bar to find all available gold investment options, select one, click ‘Trade’, and ‘Open Position’ to open a gold trade. A pop-up will show, where you fill in the amount you want to invest, choose whether you want to go long or short (buy/sell), and set your risk parameters.
Conclusion
The increasing number of online brokers in UAE offering different platforms and features makes it hard to find the ideal option for individual needs. Reviewing and evaluating the services of numerous providers requires time and expertise.
This guide helps users to make the optimal selection for their investment goals by comparing and evaluating top providers. The results of our analysis of the best gold trading platforms in UAE are wrapped 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.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | eToro | 4,9/5 | Beginners | Official website |
| #2 | Plus500 | 4,9/5 | Mobile trading | Official website |
| #3 | IC Markets | 4,8/5 | Low fees | Official website |
| #4 | Interactive Brokers | 4,9/5 | Active traders | Official website |
| #5 | IG Trading | 4,4/5 | Mobile trading | Official website |
| #6 | AVAtrade | 4,9/5 | Research and Education | Official website |
FAQ
How to trade gold in the UAE?
There are different ways to invest in gold in UAE including physical gold, gold ETFs and gold futures contracts.
What are the biggest gold exchanges in UAE?
The biggest gold exchanges in UAE include Dubai Gold & Commodities Exchange (DGCX), Dubai Multi Commodities Centre (DMCC), Dubai Gold Souk and the Abu Dhabi Securities Exchange (ADX).
Are profits made with gold trading and investing taxed in UAE?
Profits of UAE citizens made with gold trading and investing are subject to 0% income and corporate tax in the UAE.
How much should I invest in gold as a beginner?
There is no general rule on how much beginners should invest in gold. A typical rule of thumb recommended by financial advisors advise is to invest a maximum of 10% of their net worth.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, 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.
Stefan Grasic is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level.