The best Mac forex trading platforms for UAE traders are eToro, Saxo Bank, AvaTrade, Libertex, and IQ Option. In this guide, we will tell you why these are the best choices as forex trading platforms for Mac users.
Most proprietary forex trading platforms brokers offer can be used directly in your browser. These are called WebTraders. Experienced traders prefer to trade with downloadable trading platforms like MetaTrader 4, MetaTrader 5, and cTrade. Not all these platforms work smoothly on Mac.
What is the Best Forex Trading Platform for Mac?
For United Arab Emirates-based traders we recommend eToro as the best forex trading platform. With eToro you can trade over 5,000 instruments including currency pairs, cryptocurrencies, stocks, commodities, indices, and ETFs on your Mac. eToro doesn’t charge commission and has a social trading platform for Mac as well.
Is a Mac Good for Forex Trading?
Yes, a Mac is as good as a Windows PC for forex trading. The latest Mac computers are powerful and have enough RAM to run trading platforms without problems. We recommend having at least 8 GB of RAM to trade forex on a MAC computer. You can check the system information of your Mac computer by clicking on the Apple Menu and then About This Mac.
Can I Trade Forex on my MacBook?
Yes, you can trade forex on your MacBook. You can trade in your browser or via trading apps installed on your device.
How to Trade Forex on a Mac?
You trade forex on a Mac by opening a forex trading account with a broker, funding it, and then placing your first trade. You search the trading platform for the currency pair your want to trade and then decide whether to go long or short (buy or sell). You can use risk management tools like stop-loss limits to reduce your risk taken.
Is a MacBook Air Well-Suited for Forex Trading?
Yes, A MacBook Air is well-suited for forex trading because it is one of the lightest laptops that can run trading platforms. You can trade forex wherever you are using a MacBook Air. Make sure you always have enough battery life left when trading forex. Desktop trading platforms consume your battery life faster than WebTraders.
Best Mac Forex Trading Software for UAE Traders
eToro, Saxo Bank, AvaTrade, Libertex, and IQ Option are the best forex trading softwares for Mac.
01. eToro: Best Mac Forex Copy Trading Platform
eToro is the best forex copy trading platform for UAE-based Mac users. With eToro you can trade over 50 currency and cryptocurrency pairs from your Mac. eToro offers a social trading platform that you can use to copy 20 million different professional traders. The FSRA and ADGM (Abu Dhabi Global Market) regulate eToro. eToro has Islamic swap-free accounts available for Muslim traders and demo accounts for beginners.
|50+ currency and cryptocurrency pairs||No advanced technical analysis tools|
|Islamic and demo accounts|
02. Saxo Bank: Best Mac Forex Trading Platform for Professional Traders
Saxo Bank is the best Mac forex trading platform for professional traders because you can trade over 40,000 instruments with them, including over 100 forex pairs. Saxo Bank is compatible with MT4 and MT5 and you can use their proprietary trading platform. They charge low fees (0,4 pips on EUR/USD) and offer Islamic swap-free accounts for Muslim Traders. You can trade with up to 30:1 leverage on Saxo Bank. The minimum deposit to open an account with them is $10,000.
|40,000 available assets & 100+ forex pairs||High minimum deposit|
|Compatible with MT4 and MT5|
|Demo and Islamic accounts|
03. AvaTrade: Best Multi-Platform Mac Forex Trading Platform
AvaTrade is the best multi-platform Mac forex trading platform because they have 6 available trading platforms for Mac users and you can connect AvaTrade with 5 robot trading platforms. AvaTrade’s own trading platforms are AvaTradeAct and AvaTradeGo. AvaTrade is compatible with MetaTrader 4 and 5, and MetaTrader Mac. The robot trading platforms you can connect with AvaTrade are RoboX, Mirror Trader, MQL5 Signal Service, API Trading, and DupliTrade. AvaTrade is registered at the Abu Dhabi Global Market and is regulated by the FSRA. You can open an Islam swap-free account, demo account, or Standard account with AvaTrade.
|Multiple trading platforms||High inactivity fees|
|Islamic and demo accounts|
|Regulated by FSRA and ADGM registered|
04. Libertex – Best Mac Forex and CFD Trading Platform
Libertex is the best CySEC-regulated Mac forex and CFD trading platform because you can trade over 60 currency pairs with up to 30:1 leverage with them. Libertex offers commission-less trading and charges low spreads. You can open a demo account with Libertex and connect it with MT4. Libertex has no minimum deposit required and an iOS app available. Libertex has been in business for over 20 years and is one of the best forex brokers for UAE-based traders.
|Over 60 FX pairs tradable with 30:1 leverage||Only CFDs|
|Compatible with MetaTrader 4|
|No minimum deposit|
05. IQ Option – Best Mac Forex Options Trading Platform
IQ Option is the best choice as Mac forex options trading platform because you can trade both forex and options on their platform from $1. You can trade forex options on over 40 currency and cryptocurrency pairs and receive payouts of up to 91%. IQ Option offers technical analysis tools, educational material, and has an iOS app available. Opening an account with IQ Option requires $10 or you could use their demo first.
|Forex and options trading||Platform overwhelming for beginners|
|Low minimum deposit|
|TA tools for experienced traders|
Best Mac Forex Trading Platforms in UAE – Verdict
After reading this guide you know that the best Mac forex trading platforms in UAE are eToro, Saxo Bank, AvaTrade, Libertex, and IQ Option. All these trading platforms work with Mac. You can only use MetaTrader on Mac with a Windows emulator like Wine, Bootcamp, or Parallel Desktop. You need at least 8 GB of RAM memory on your Mac device to run forex trading platforms. We recommend UAE-based Mac users to trade with eToro.
Can I use MetaTrader on Mac in the United Arab Emirates?
Yes, but you will need to use a Windows emulator or use AvaTrade’s MetaTrader for Mac. There is no official MetaQuotes MetaTrader for Mac but you can use Wine Gecko Installer, Boot Camp, or Parallels Desktop to run Windows programs on your Mac device. This software allow you to dual-boot your Mac in both Macintosh OS and Windows.
Is MetaTrader 4 Good on Mac?
MetaTrader 4 itself is good on Mac when using an emulator, but the third-party MetaTrader Market applications won’t work as intended on Mac devices.
How to Use the Stocks App on Mac?
You use the Stocks app on Mac by opening and customizing it according to your preferred notifications. The Stocks app can send out financial news headlines and price alerts but you cannot trade with it.
Does Apple Have Trading Software?
No, Apple doesn’t have trading software. With Apple Trading you can turn in your used Apple device to receive a discount on your next purchase.
Which Mac is the Best for Forex Trading?
The best Mac forex desktop trading setup is a Mac Mini with iMac or Thunderbolt Display screens and you can use any Mac laptop with at least 8GB of ram for laptop forex trading.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. Trading platform, fees, mobile trading, payments, assets, regulation,
education and research are all part of our six-month evaluation of a broker’s account.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.
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.
- 1 What is the Best Forex Trading Platform for Mac?
- 2 Best Mac Forex Trading Software for UAE Traders
- 2.1 01. eToro: Best Mac Forex Copy Trading Platform
- 2.2 02. Saxo Bank: Best Mac Forex Trading Platform for Professional Traders
- 2.3 03. AvaTrade: Best Multi-Platform Mac Forex Trading Platform
- 2.4 04. Libertex – Best Mac Forex and CFD Trading Platform
- 2.5 05. IQ Option – Best Mac Forex Options Trading Platform
- 3 Best Mac Forex Trading Platforms in UAE – Verdict