Best MT4 Trading Platforms in UAE

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Our guide to the best MetaTrader 4 trading platforms in UAE uses data from more than 100 brokers and trading platforms. We compare criteria like: fees, available assets, trading platforms, banking options, user-friendliness, Islamic account availability, expert advisor integration, and more with our review methodology

After reviewing MetaTrader 4 brokers in the United Arab Emirates, our research says the best MetaTrader 4 trading platforms are: 

Best MetaTrader 4 Brokers in the UAE

  • Capital.com – Best for Mobile Trading
  • Ava Trade – Best For Forex and CFDs
  • IG Trading – Best For Beginners
  • IC Markets – Best For Active Traders
  • Swissquote – Best For Investors
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1Capital.comVery good customer support4.7 / 5Best for Mobile TradingOfficial website
#2Ava TradeGreat Research and Educational tools4.8 / 5Best For Forex and CFDsOfficial website
#3IG TradingGreat choice of trading instruments offered5 / 5Best For BeginnersOfficial website
#4IC MarketsVery competitive trading fees4 / 5Best For Active TradersOfficial website
#5SwissquoteGreat For Mobile Trading4 / 5Best For InvestorsOfficial website

This section breaks down the best MetaTrader 4 platforms in UAE, starting with the highest rated…

01. Capital.com: Best for Mobile Trading

capital-com-rating

Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.

Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.

Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.

Pros:

  • Wide choice of trading instruments for MT4 
  • MT4 available for mobile and web app
  • Fast trade execution with MT4 accounts
  • Offers 30 trading tools for MT4 platform

Cons:

  • Two-step (safer) login only available on mobile and web platform

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

02. Ava Trade: Best For Forex and CFDs

avatrade-rating

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:

  • MT4 available for all account types
  • Mobile version of MT4 available
  • Fast trade execution with MT4 accounts
  • Supports automated trading using MT4

Cons:

  • Offers less trading instruments than other brokers 
  • MT4 not available for web platform

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

03. IG Trading: Best For Beginners

ig-rating

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:

  • Wide choice of trading instruments for MT4 
  • Mobile version of MT4 available
  • Competitive trading fees for Forex
  • Offers free tools for MT4 

Cons:

  • Higher fees on stock CFDs than other brokers

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

04. IC Markets: Best For Active Traders

ic-markets-rating

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:

  • Competitive trading fees for MT4 accounts
  • MT4 available for web and mobile apps 
  • MT4 available for all account types: Standard, Raw Spread, and Swap-Free
  • Fast trade execution with MT4 accounts
  • Supports automated trading using MT4

Cons:

  • Low number of trading instruments

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

05. Swissquote: Best For Investors

swiss-quote-rating

Swissquote is a low risk forex and CFD online broker, regulated by 4 top-tier financial regulators. It is a great choice for traders who are looking for high quality research, daily market updates, a great variety of tradable assets and account security on a Swiss bank.

Their Advance Trader proprietary trading platform suite is available as desktop, web and mobile version. Together with the MetaTrader platform suite, it delivers an excellent trading experience for traders and investors at all levels. Minimum deposit is $1000 and trading fees are above industry average. Swissquote operates a bank.

Choose Swissquote if you are looking to trade physical cryptos with a highly trusted online broker that also offers great banking services.

Pros:

  • MT4 available for web and mobile app 
  • Offers Master Edition MT4 suite with advanced tools and indicators
  • Autochartlist available

Cons:

  • Higher trading fees

Key features:

  • Access to over 3,000,000 financial instruments
  • Cash dividends paid out monthly into your account
  • Trade with a FINMA-regulated and Swiss stock exchange-listed broker (SIX:SQN)
  • Receive the Swissquote magazine monthly for free
  • Set up your own algorithmic trading bot with Swissquote Robo-Advisory services
  • Low, fixed fees capped at 0,75% of your invested amount

How Did We Select The Best MetaTrader 4 Broker and Trading Platform in the UAE

To get our list of the best MT4 trading platforms in UAE, we have compared 100 online brokers available to UAE users that offer access to MT4 platforms and compared them across 9 major categories. The categories include: fees, available assets, MT4 trading platforms, banking options, user-friendliness, Islamic account availability and expert advisor integration. Below is a detailed breakdown of all of the criteria which where considered in each of the categories:

  • Regulation
    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. We have considered that all of the brokers from our list of recommended platforms 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.

  • Customer Service
    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. 

The below table reveals how each of the brokers performs in all of the considered categories:

BrokerTrading instrumentsCustomerSupportFeesResearch & EducationDeposit & WithdrawalOverall
Capital.com4.15.04.65.04.05.0
Ava Trade3.54.54.25.04.64.9
IG Trading4.74.74.34.63.54.9
IC Markets3.64.55.04.64.54.8
Swissqoute5.04.73.85.03.54.8

Advantages and Disadvantages 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.

Pros:

  • 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.

Cons: 

  • Hard for Beginners – MetaTrader 4 offers loads of customization options, and anyone who wants to use it will have to set it up themselves. When you start using the platform, it won’t have all the tradable assets listed, and you will also have to create your own layout. Even veteran traders complain about charting features, like the Fibonacci charts, and that it is difficult to change the preferences. 
  • Lacks Support – The support offered for MetaTrader 4 is lacking, and it is an old platform. While brokers do offer some support to traders using MT4, the proprietary platform brokers use are better supported. Also, MT4 is decades old, and this limits features, like interfacing with modern trading algos. 

Getting Started with the Best MetaTrader 4 Broker

Now you know everything about the best MetaTrader 4 brokers for UAE traders, it is time to get started trading. Follow the steps below to get started with Capital.com, the best MetaTrader 4 broker in the UAE.

1.Open a Capital.com Trading Account
Go to the Capital.com 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’.

Getting Started with the Best MetaTrader 4 Broker

2. Verify your Identity
Capital.com will ask you to verify your identity. Upload a photo of your driver’s license, passport, or national ID card. You will also need to prove your residency by uploading a recent utility bill or bank statement.

capital-com-identity-verification

3. Fund your Account
After you verified your identity you can fund your Capital.com account. You can use a wide variety of payment methods like credit cards, e-wallets, and bank transfers to fund your account. The minimum deposit at Capital.com is only $20 or 75 AED.

4. Download MetaTrader 4
Open the Capital.com 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.

meta-trader-4-download

5. Trade
You can now log in to MetaTrader 4 with your credentials and open your first trade.

Conclusion

After analysing and comparing 98 online brokers that offer access to the MetaTrader 4 trading platform in UAE, we consider Capital.com as the best MT4 trading platform in UAE. They offer access to the full MT4 trading platform suite for desktop and mobile, extensive research tools and great educational content.

FAQ

Why should I use MetaTrader 4?

MetaTrader 4 has all the features needed to trade the financial markets, and is reliable.

Is MetaTrader 5 better than MetaTrader 4?

MetaTrader 5 is newer, and has more indicators and charting timeframes, but many traders prefer MetaTrader 4 over MetaTrader 5. 

Can I use auto trading systems with MetaTrader 4?

Yes, you can connect third-party automated trading systems like DupliTrade and ZuluTrade to MetaTrader 4. You can also visit the MetaMarket and use user-generated automated trading systems.

Can I make my own trading script with MetaTrader 4?

Yes, by using the MetaEditor you can create your own trading scripts by coding them in MQL4.

Is MetaTrader 4 available in Arabic?

No, at the moment MetaTrader 4 is available in English, Spanish, French, Japanese, Portuguese, Russian and simplified Chinese.


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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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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