Best HFX Trading Platforms In The UAE

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If you are a UAE citizen and you are searching for the best HFX trading platform in UAE, then you have come to the right place. In this article we guide you through the process of selecting the right HFX broker step by step based on your knowledge level and trading style. We use a database of 101 online brokers that offer forex trading and compare them across 9 categories. Those include: platforms, assets, fees, customer support, regulation, deposits & withdrawals, mobile trading apps, research & education, and islamic account availability.

After analysing and comparing 214 variables and 3500 data points overall, we consider the following as the Best HFX Trading Platforms in UAE:

TOP 5 HFX Trading Platforms UAE

  • IC Markets – Best Fees
  • Capital.com – Best For Mobile Trading
  • AVA Trade – Best For Forex overall
  • IG trading – Best Trading Platform
  • ETX Capital – Best Speed of execution
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1IC MarketsGreat choice of different trading platforms4 / 5Best FeesOfficial website
#2Capital.comVery good customer support4.7 / 5Best For Mobile TradingOfficial website
#3AVA TradeGreat Research and Educational tools4.8 / 5Best For Forex overallOfficial website
#4IG tradingGreat choice of trading instruments offered5 / 5Best Trading PlatformOfficial website
#5ETX CapitalVery competitive trading fees4.5 / 5Best Speed of executionOfficial website

The Best HFX Brokers In Overview: 

01. IC Markets: Best Fees

ic-markets-rating

IC Markets is reputable online forex and CFD broker great for investors looking for high frequency trading (HFX). Regulated by financial authorities including ASIC and CySec, they offer HFX traders access to over 60 tradable forex and fiat/cryptocurrency pairs. High-frequency trading is a breeze as they support the usage of EAs and other forms of automated trading via their API. IC Markets offers up to 1:500 leverage and charges low, floating spreads from 0,0 pips on major currency pairs. 

Users have access to multiple trading platforms compatible with MetaTrader, cTrader, myfxbook AutoTrade, and ZuluTrade. Professional traders can open a Raw Spread, Standard or Islamic account at IC Markets and set up their complex algorithms via trading bots straight away, whilst beginners can practice trading and tweak their settings first with the available 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:

  • ​​Multiple account types and trading platforms
  • Trade with up to 1:500 leverage
  • Unlimited demo account
  • Free access to Equinix NY4 VPS server

Cons:

  • No educational material
  • Only CFD, forex, and crypto trading
  • No research and analysis tools

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

02. Capital.com: Best For Mobile Trading

capital-com-rating

Capital.com is a low-entry CFD and forex broker where HFX traders can trade over 138 forex and fiat/cryptocurrency pairs and over 6,000 CFDs on stocks, commodities, cryptocurrencies, and other financial instruments. Although Capital.com doesn’t offer digital options trading, high-frequency traders can make use of their extensive API built in REST style in combination with their WebSocket API to open countless positions, set stop and limit orders, set stop-loss and take-profit levels, and receive both real-time prices and price history of all available assets.  

Capital.com has its own proprietary Web Platform and trading app but is also compatible with MetaTrader 4. HFX traders can use 75 technical indicators and all of TradingView’s dynamic charting features as Capital.com has partnered up with TradingView. Simply open your TradingView trading panel and authorize Capital.com to connect your Capital.com account with TradingView.

HFX traders can get started at Capital.com by opening an account from $20 or test and finetune their Expert Advisors and other automated trading software with Capital.com’s free demo account first. Note that two-factor authentication is required prior to API key generation to set up your algorithmic trading software. 

Pros:

  • Newsroom grade educational videos and analysis
  • Award winning education and research section
  • New age mobile trading app
  • Real time market updates and price alerts
  • Hedging and risk management tools

Cons:

  • MT4 and MT5 not available
  • Market access is industry average

Key features:

  • Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
  • High quality research and educational content
  • Patented AI trade bias system
  • $20 minimum deposit
  • No inactivity fees

03. AVA Trade: Best For Forex overall

avatrade-rating

AVAtrade is one of the best online brokers for HFX, CFD, and options trading. High-frequency traders can trade CFDs and digital options on over 1365 financial instruments at AvaTrade, including more than 40 forex and fiat/cryptocurrency pairs. AvaOptions provides access to 13 option strategies, real-time price streams, visual risk management tools that clearly show Delta, Vega, Theta, and implied volatility levels, and allows traders to compile custom watchlists. 

AvaTrade fully supports all types of algorithmic trading via both MetaTrader 4 and MetaTrader 5, DupliTrade, and ZuluTrade. Set up Expert Advisors, custom indicators, deploy scripts available from the Library or create your own with MetaEditor. 

A free virtual private Server (VPS) is available for every trader with either a real or risk-free AvaTrade demo account. You can upload your EAs right after account opening and run them 24/7 with 100% uptime guarantee. 

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

You should choose AvaTrade if you want to trade both forex and digital options or when you are looking for a regulated broker with a robust infrastructure that caters to HFX traders by providing a free VPS and access to MT4, MT5, DupliTrade, and ZuluTrade. 

Pros:

  • Great Research and Educational tools
  • Great Customer support
  • Good choice of social trading options

Cons:

  • Comparing others relatively few trading instruments are offered;  offers Forex, CFDs and Binary Options

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

04. IG trading: Best Trading Platform

ig-rating

IG is one of the best brokers for HFX trading that has been in business since 1974. With IG Markets you can trade over 90 forex pairs and CFDs on over 18,000 stocks, commodities, indices, and other financial instruments. High-frequency traders can deploy Expert Advisors and other automated trading software via either IG’s cutting-edge ProRealTime trading platform using IG’s native APIs or create their own EAs and trading scripts using MetaTrader 4’s MetaEditor. With ProRealTime, high-frequency traders can set price action algorithms according to market size, time frame, size of the trades, and time of the day the algorithm should operate.

IG offers an extensive range of backtesting tools which high-frequency traders can use to refine their algorithms and EA settings against historical price data to establish the best combination of buy or sell parameters. High-frequency traders also have the option to finetune their algorithmic trading settings on IG’s unlimited free demo account before trading with real money to ensure maximum profitability.

Pros:

  • Access to over 17,000 markets
  • Cutting-edge mobile and desktop trading platforms
  • Excellent customer support and broad range of educational material

Cons:

  • High fees on CFDs
  • Few banking options

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

05. ETX Capital: Best Speed of execution

etx-capital-rating

ETX Capital, recently rebranded to OvalX, is a top-tier brokerage firm that has been in business since 1965, that offers traders access to over 6000 tradable symbols via their OvalX Trader Pro platform. ETX Capital is regulated by the Financial Conduct Authority, offers CFDs on over 60 forex and fiat/crypto pairs, indices, shares, and commodities, and is compatible with MetaTrader 4. You can set up your own Expert Advisors with MetaEditor or find algorithmic trading scripts written by other traders to use in MetaQuote’s extensive EA library.

ETX Capital charges low, fixed spreads and has multiple advanced order types available like GTC, GSLO, and OCO. Apart from many different order types they offer over 60 indicators and 14 drawing tools, providing high-frequency traders with the technical analysis tools they need to successfully analyse their automated trading strategies. 

High-frequency traders can keep track of their portfolio and performances of their trades on the go with the two apps ETX Capital has available, the OvalX Trader Pro and the MetaTrader 4 trading app. 

The ETX Capital customer service can be contacted 24/7 by email, live chat, and phone and is of excellent quality as can be concluded from their 4,5/5 star rating of over 247 reviews on TrustPilot.If you are looking to trade high-frequency with a reliable, regulated broker, we highly recommend trading on ETX Capital’s new OvalX trading platform.

Pros:

  • Great choice of different trading platforms (desktop and mobile) 
  • Very competitive trading fees
  • Very good for Research and Education

Cons:

  • The offer (and choice) of trading instrument could be better

Key features:

  • Access over a thousand CFDs on forex, indices, shares, commodities, and cryptocurrencies
  • Compatible with MetaTrader 4
  • Wide range of educational material in the form of trading guides, analysis, and webinars
  • Low, floating spreads
  • Advanced order types available like GTC, GSLO, and OCO
  • Free unlimited demo paper trading account

How Did We Select The Best HFX Trading Platforms?

To find the best HFX trading platforms for UAE users our team has examined 105 online brokers that offer HFX trading in UAE and compared them in 9 categories. The most important criteria was that the broker offers a large number of forex currency pairs, high speed of trade execution and algorithmic trading features. The rest categories which where considered are: platforms, customer support, regulation, costs, research & education, mobile apps, withdrawal & deposit, and islamic account availability. 

  • Assets: HFX trading requires access to multiple asset classes. Make sure your broker offers: stocks, ETFs, commodities, futures, forex, indices, mutual funds, bonds, and cryptos.
  • Mobile Trading: You can use mobile trading platforms to trade from anywhere a smartphone operates. Make sure your HFX system works with the mobile platform you choose. 
  • Research & education: Your broker should include market research and educational assets with your account. Look to see what kind of materials the broker includes, and get the most from your account. 
  • Customer support: HFX trading systems need a fast API to operate with trading platforms, so make sure your broker has a full time support service to troubleshoot any issues you have. 
  • Fees: Trading fees impact HFX trading profits, and you need to find the best broker for your needs. Look for brokers that have low, or 0% trading fees, so your trades make the biggest profits possible. 
  • Trading platforms: The trading platform is a vital part of any HFX trading operation. Make sure your broker supports HFX trading, and gives you the execution times and data you need to trade. 
  • Deposit & Withdrawal: There is no need to pay for deposits and withdrawals, and you should look for a broker that has payment methods you like. 
  • Regulation: Only trade with a broker regulated by the FCA, CySEC, and ASIC. With so many compliant brokers in the UAE, there is no need to trust your money to an unregulated broker. 

*Islamic Accounts: Brokers in the UAE have account options compliant with Sharia law. Our guide will help you get the right account for HFX trading in UAE. 

What Is HFX Trading?

HFX Trading is a term used for High-Frequency Forex trading. It is a strategy that lets traders quickly buy and sell forex currency pairs. It uses technology and algorithms for fast transaction rates. HFX trading comes with high trading speeds and strict rules. It has high turnover rates and order-to-trade ratios.   

If you want to start HFX trading, you need a trustworthy platform. Online forex brokers offer secure platforms for UAE traders at all levels.

What Is The Best Way To Start With HFX Trading in UAE?

The best way to start with HFX trading in UAE is by signing up with one of the recommended platforms from our list: IC Markets, Capital.com, AVAtrade, IG or ETX Capital.

We recommend you use IC Markets for HFX trading in the United Arab Emirates. It has secure accounts and social trading features.

There are four steps to follow for HFX trading with IC Markets: 

  1. Open an IC Markets account:  The first step for traders in the United Arab Emirates is to open an IC Markets account. Navigate to the broker’s official website, click on the sign-up button, submit your personal details, and click on ‘Create New Account.’
ic-markets-account-opening
  1. Submit a copy of your ID:  IC Markets is a trustworthy broker. It follows strict Know Your Customer (KYC) rules and has licenses from industry-leading regulators. All UAE traders need to pass this account verification process. A copy of a valid I.D., like a passport or driver’s license, is necessary.
  1. Fund your IC Markets account:  After having passed account verification, you have to make your first deposit. UAE traders have different funding options, including bank transfers and credit card deposits.
  1. Start HFX trading:  Select the forex pair you want to trade and search for its ticker. Click on the asset’s symbol and start HFX trading.

Why Should You Consider HFX Trading? 

HFX trading in the UAE is rewarding. It is a powerful trading strategy with the potential for high returns. Online trading of digital assets is attractive. But we don’t recommend it for beginner UAE traders.

How Much Does HFX Trading Cost? 

HFX trading costs vary depending on the platform you choose. For example, the minimum balance needed to trade stocks in the U.S. is $25,000. Advanced traders say that online forex trading generates excellent profits over time. But you should remember that online assets are speculative. Read our in-depth platform reviews for details on assets and HFX trading costs. 

HFX Trading Safety In The UAE 

eToro is our top recommendation for traders in the UAE who want to start HFX trading safely. It has reliable platforms and apps for traders at all levels. eToro has many funding options and access to instant transactions. We recommend HFX trading with a broker that has top-tier licenses. 

The Risks Of HFX Trading 

HFX trading in the UAE remains risky. Online assets are speculative and have high risks. Start with a minimum trade to avoid losing money. Online trading strategies are reliable, but these might be challenging for new traders. We recommend you use secure HFX trading platforms in the UAE. 

Summary 

After analysing 105 online brokers that offer HFX trading in UAE and comparing them across 8 major categories, we consider IC Markets as the best HFX trading platform in UAE. They offers a great variety of forex currency pairs, fast trade execution, algorithmic trading tools and social trading features.

FAQ 

Are There Any Safety Risks For Citizens In The UAE? 

Online trading for citizens in the UAE comes with safety risks. Online trading is legal in the United Arab Emirates. But it is safest to use a platform with top-tier licenses. Secure licenses for online platforms are the ASIC, FCA, and CySEC. The HFX trading platforms in our review follow strict rules.

How Much Money Do I Need To Start HFX Trading? 

The answer to this question varies based on your chosen HFX trading platform. Online trading with eToro comes with a minimum deposit requirement of $50. The exact investment changes depending on a platform’s rules. Read our in-depth UAE platform reviews for information on minimum investments and forex trading.

Are There Different Types Of Orders For HFX Trading? 

HFX trading and order types vary depending on the platform you choose. There are many order types, including market orders and limit orders. Forex traders choose a set of orders depending on the timeframes:
– Good-till-canceled (GTC) 
– Day Order 
– One week 
– One month 
– End of week 
– End of month 
– End of Year 
– Good-till-date (GTD) 
– Immediate or cancel (IOC)


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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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.