MetaTrader 4 is the most popular online trading platform in the world. To trade the markets in the most efficient way you need to trade with the best broker. So what are the best MetaTrader 4 brokers in the UAE?
In this article, we will discuss the best MetaTrader 4 brokers for UAE traders.
Top 5 Best MetaTrader 4 Brokers and Trading Platforms in the UAE
The list below contains the best MetaTrader 4 brokers for UAE traders. We will outline all the information about these brokers further down in this article.
- Libertex – Best Overall MetaTrader 4 Broker in UAE
- AvaTrade – Best Swap-free MetaTrader 4 Broker in UAE
- Forex.com – Best MetaTrader 4 Broker for DMA Trading in UAE
- Pepperstone – Best MetaTrader 4 Broker for fast execution trading in UAE
- IG – Best Forex MetaTrader 4 Broker in UAE
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||Libertex||Five account types available||3.9 / 5||Best Overall||Official website|
|#2||AvaTrade||Broad selection of research and analysis tools||3.9 / 5||Best Swap-free||Official website|
|#3||Forex.com||Charges low commissions and tight spreads||4.9 / 5||Best for DMA Trading||Official website|
|#4||Pepperstone||Access to over 180 financial instruments||3.9 / 5||Best for fast execution trading||Official website|
|#5||IG||Free $100k demo account||4.5 / 5||Best Forex MT 4 Broker in UAE||Official website|
Reviews of the Best MetaTrader 4 Brokers and Trading Platforms in UAE
Anyone can use the MetaTrader 4 trading platform for free and many brokers allow you to trade with them on it. But how do you choose the right MT4 broker?
You choose the right MT4 broker by checking if they are regulated, the fees they charge, and the assets they offer. To help you decide which is the best MetaTrader 4 broker, we have reviewed each of them.
01. Libertex: Best Overall MT4 Broker in UAE
Libertex is a popular online broker that has over 2,2 million clients in more than 27 countries. It is the official sponsor of the football clubs Tottenham Hotspur and Valencia CF.
Traders can trade over 200 CFDs on stocks, commodities, forex pairs, indices, ETFs, and cryptos on Libertex. Libertex has five account types available. The VIP+ account offers traders a 50% commission discount.
CySec regulates Libertex and Libertex offers negative balance protection for their retail clients. They also segregate clients’ funds at a top-tier bank.
The trading fees at Libertex are competitive. Traders can fund their accounts using payment methods like credit cards, e-wallets, and bank transfers. The minimum deposit at Libertex is only $10 or 40 AED, making it a low-entry broker and available for everyone.
|Compatible with MT4||High spreads on crypto|
|Regulated by CySEC|
|Low commissions for VIP account holders|
Get started at the best overall MetaTrader 4 broker by clicking the link below. Follow the on-screen instructions to open an account.
02. AvaTrade: Best MetaTrader 4 Broker for Swap-Free Accounts in UAE
AvaTrade is a broker that offers its services to retail traders across the globe. The broker is regulated by the Central Bank of Ireland, the Australian Securities and Investments Commission, and the Cyprus Securities and Exchange Commission.
AvaTrade offers traders over 1,250 financial instruments to trade across asset classes like stocks, bonds, forex, indices, ETFs, commodities, and crypto. They have many different account types available like Spread Betting, CFD Trading, and Islamic Swap-Free accounts.
AvaTrade is by far the best MetaTrader 4 broker for Islamic Swap-Free accounts. With this account type, you can only trade stocks and other financial instruments in companies that obey Sharia law. There are also no interest rates or riba on these types of accounts.
Apart from many assets and account types, AvaTrade offers traders a broad selection of research and analysis tools. These include indicators, an economic calendar, and dynamic charting features. They also offer AvaProtect, which is a risk management tool that allows traders to get money back on losing trades.
The AvaTrade customer support is 24/7 available in more than 10 languages, including English and Arabic. If you have any questions you can contact them via live chat, email, or phone.
|Offers more than 1,250 assets||None|
|Multiple account types available|
|Money-back on losing trades with AvaProtect|
Get started today with the best MetaTrader 4 broker for Swap-Free accounts. Click the link below and follow the onboarding instructions.
03. Forex.com: Best MetaTrader 4 Broker for DMA Trading in UAE
Forex.com is a reliable and regulated broker. It is part of the StoneX Group which is listed on the NASDAQ. The trading platform itself offers access to over 300 global markets. Traders can trade forex, stocks, commodities, indices, ETFs, and cryptos on Forex.com.
Forex.com charges low commissions and tight spreads across the available trading accounts. One of these trading accounts is the DMA Trading Account. With this account, traders can buy assets at the same price as banks and large financial institutions and enjoy the same liquidity.
Forex.com also offers 1% APY interest on traders’ balances up to $50k. The customer service is available 24/7 in many languages, including English and Arabic. New and inexperienced traders can try out Forex.com with a free demo account. Traders can use this demo account with MetaTrader 4 to test out trading strategies and to get to know the platform.
|Over 300 financial instruments||High spreads on cryptos|
|1% interest on DMA Trading Accounts|
|Free MT4 compatible demo account|
If you want to get started with the best MetaTrader 4 broker for DMA trading in the UAE, click the link below to open a free Forex.com account.
04. Pepperstone: Best MetaTrader 4 Broker for Fast Execution Trading in UAE
Pepperstone is a MetaTrader 4 broker that is popular among traders across the globe. It is regulated by the FCA, CySEC, CMA, and DFSA. Pepperstone keeps all their clients’ funds segregated. They provide traders access to over 180 financial instruments.
Traders can trade forex, stocks, indices, commodities, ETFs, and cryptocurrencies via Pepperstone. Pepperstone offers its clients commission-free trading accounts, Islamic swap-free accounts, and a free demo account.
Pepperstone is the best MetaTrader 4 broker for traders who want fast execution speeds. These are less than 30ms at Pepperstone. Traders can trade CFDs with high leverage up to 500:1 on forex pairs via Pepperstone. It is also possible to trade without leverage.
Pepperstone is the right choice if you are looking for a MetaTrader 4 broker that offers MetaTrader signals and social trading services. Apart from these features Pepperstone also offers Smart Trader Tools and Autochartist services.
|Regulated by multiple regulatory bodies||The high leverage can backfire|
|High leverage trading||High spreads on cryptos|
|Fast order execution|
Trade with the best MetaTrader 4 broker for fast execution trading in the UAE. Click the link below to get started.
05. IG: Best MetaTrader 4 Broker for Forex Traders in UAE
IG is one of the oldest and most reliable brokers. The company exists since 1974 and has hundreds of thousands of clients all over the world. IG owns the North American Derivatives Exchange (NADEX) and DailyFX, one of the most trusted financial news sources.
Traders can use IG to trade over 10,000 different assets across all asset classes. IG offers MetaTrader 4 indicators and signal services. As an IG member, you also have access to real-time trading ideas and a live financial news stream.
IG is interesting for forex traders because they offer more than 80 forex pairs, including major, minor, and exotic ones.
IG has very competitive spreads and 24/7 customer support in over 20 languages, including English and Arabic. They also offer a free $100k demo account to learn to trade the markets with. IG is regulated by multiple regulatory bodies, including CySec and the DFSA.
|Over 10,000 assets available||Can be overwhelming for beginners|
|Free demo account|
|Trust and reliable broker since 1974|
Get started with IG, the best MetaTrader 4 broker for forex traders in the United Arab Emirates today by clicking the link below.
Benefits and Advantages of the MetaTrader 4 Trading Platform
MetaQuotes launched the MetaTrader 4 trading platform in 2005. After that, they released MetaTrader 5 in 2010, but that didn’t take off as much as MT4. MetaTrader 4 is still the most popular trading platform worldwide today. It is available on Windows, Mac, and Linux systems and iOS and Android mobile devices.
The benefits and advantages of trading with MetaTrader 4 are:
- Indicators – MetaTrader 4 offers traders 30 indicators to help spot investment opportunities.
- Timeframes – Traders can view charts in 9 different timeframes ranging from 1 minute to 1 year.
- Real-time prices – The prices of all tradable assets are live.
- Signals and Algorithmic Trading – MetaTrader 4 allows traders to use signal providers, expert advisors, and automated trading systems.
- MetaTrader Market – Traders can shop the MetaTrader market for over 1,500 auto trading scripts and technical indicators. It is also possible to sell your own trading scripts and bots.
How to Choose the Best MetaTrader 4 Broker and Trading Platform in the UAE
Choosing the right MetaTrader 4 broker for you can be difficult. Below you will learn what to look out for when choosing the right broker and trading platform for you.
You should only consider trading at a regulated broker. There are many jurisdictions and regulatory bodies that oversee brokers. The most respected financial regulators are:
- UAE: Dubai Financial Services Authority (DFSA)
- Europe: Cyprus Securities and Exchange Commission (CySec), UK Financial Conduct Authority (FCA)
- Asia: Australian Securities and Investment Commission (ASIC), Financial Services Agency of Japan (FSA)
- USA: National Futures Association (NFA), Commodity Futures Trading Commission (CFTC)
You can check whether you are dealing with a regulated broker by visiting their website. At the bottom of the brokers’ website should be a mention to these regulators.
Available Financial Instruments and Asset Classes
MetaTrader 4 allows you to trade asset classes like forex, stocks, commodities, indices, ETFs, and cryptos. Good traders diversify their portfolios by investing across many asset classes. We recommend trading with a broker that offers many asset classes.
With the best MetaTrader 4 brokers, you have access to thousands of financial instruments. Use this to your advantage to spread your risks and investments. You can view all available assets by logging in to your MetaTrader 4 account and clicking Market Watch at the top of your screen.
Trading Commissions and Fees
You should always be aware of the commissions and fees your broker charges. These commissions and fees hurt your profits so it’s best if they are as low as possible. You want your broker to be transparent in their pricing and not overcharge you for their services.
Most of the time you can check the fees your broker charges on their website. Note that some brokers offer commission-free trading, but they will charge higher spreads on your trades.
Trading Tools and Features
As a trader, you want access to as many trading tools and features as possible. This helps you beat the market and grow your portfolio. Most brokers offer trading tools and features that you can use on MT4.
MetaTrader 4 itself also offers all sorts of tools and features you can use. Some of them are free, but most of them you need to buy on the MetaMarket. Brokers like AvaTrade and PepperStone offer free MT4 plugins like Autochartist and Alarm Manager. We recommend you make use of these free plugins to enhance your trading.
Why don’t you download MetaTrader 4 and see what kind of tools and features are available for free?
Automated Trading and Copy Trading
The best MetaTrader 4 brokers offer copy trading and allow you to use auto trading software. These trading systems work with the MetaTrader 4 trading platform. MetaTrader 4 offers signal provider services itself as well, but not all these features are free.
We recommend trying out copy trading and automated trading systems on a demo account. This way you can check if they work before you apply them to your real money trading account.
It is important that you trade with a broker that offers top-notch customer service. You want someone to be able to talk to when you have any questions about your trading account. The best MetaTrader 4 brokers all offer 24/7 customer service. Traders can access these customer services by live chat, email, and by phone.
We recommend trading with brokers that have customer service available in your own language. This removes any language barriers and makes it easy to solve problems.
Getting Started with the Best MetaTrader 4 Broker
Now that we have told you everything about the best MetaTrader 4 brokers for UAE traders it is time to get started. Follow the steps below to get started with Libertex, the best overall MetaTrader 4 broker.
- Open a Libertex Trading Account
Go to the Libertex website and click on the ‘Trade Now’ button in the middle of the screen. Now you fill in your email, choose a password and click ‘Register an Account’.
- Verify your Identity
Libertex will now ask you to verify your identity. Upload a photo of your driver’s license, passport, or national ID card to do so. You will also need to prove your residency by uploading a recent utility bill or bank statement.
- Fund your Account
After you verified your identity you can fund your Libertex account. You can use a wide variety of payment methods like credit cards, e-wallets, and bank transfers to do this. The minimum deposit at Libertex is only $10 or 40 AED.
- Download MetaTrader 4
Open the Libertex client portal area by clicking on your account icon. From here you select MetaTrader 4 under the available software to download. Make sure you download MT4 for the right operating system. You will be able to see your MT4 login credentials on this page as well.
You can now log in to MetaTrader 4 with your credentials and open your first trade.
The Best MetaTrader 4 Trading Platforms and Brokers in UAE – Bottom Line
There are a lot of MetaTrader 4 brokers, but only a hand full of good ones. The best MetaTrader 4 brokers are regulated, offer many financial instruments, and charge low fees. Most MT4 brokers offer trading tools such as an economic calendar, technical indicators, and auto trading systems.
Now that you know what the best MetaTrader 4 trading platforms and brokers in the United Arab Emirates are you are ready to start trading. We recommend trading with Libertex as it is the best overall MetaTrader 4 broker for UAE traders.
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.
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 Top 5 Best MetaTrader 4 Brokers and Trading Platforms in the UAE
- 2 Reviews of the Best MetaTrader 4 Brokers and Trading Platforms in UAE
- 2.1 01. Libertex: Best Overall MT4 Broker in UAE
- 2.2 02. AvaTrade: Best MetaTrader 4 Broker for Swap-Free Accounts in UAE
- 2.3 03. Forex.com: Best MetaTrader 4 Broker for DMA Trading in UAE
- 2.4 04. Pepperstone: Best MetaTrader 4 Broker for Fast Execution Trading in UAE
- 2.5 05. IG: Best MetaTrader 4 Broker for Forex Traders in UAE
- 2.6 Benefits and Advantages of the MetaTrader 4 Trading Platform
- 2.7 How to Choose the Best MetaTrader 4 Broker and Trading Platform in the UAE
- 2.8 Regulation
- 2.9 Available Financial Instruments and Asset Classes
- 2.10 Trading Commissions and Fees
- 2.11 Trading Tools and Features
- 2.12 Automated Trading and Copy Trading
- 2.13 Customer Service
- 2.14 Getting Started with the Best MetaTrader 4 Broker
- 2.15 The Best MetaTrader 4 Trading Platforms and Brokers in UAE – Bottom Line