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Best MT5 Trading Platforms in UAE

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Meta Trader 5 (MT5) is one of the most popular trading platforms in the world. Using MetaTrader 5 with the right broker gives you all you need to trade the financial markets in the most optimal way.

In this guide, we will discuss the best MetaTrader 5 trading platforms in the UAE. We will also explain how to get started with MT5 and compare it with MT4.

Best MT5 Trading Platforms in UAE

Best MetaTrader 5 Trading Platforms in UAE

MetaTrader 5 is a powerful trading platform on its own, but it’s even better combined with a good MT5 broker. The best MetaTrader 5 brokers will provide you access to a range of features that can boost your trading. 

Below we will list the best MT5 trading platforms and brokers for traders from the UAE.

  • AvaTrade – Best overall MetaTrader 5 broker and trading platform
  • Forex.com – Best MetaTrader 5 broker and trading platform for UAE traders & DMA Trading
  • PepperstoneBest MetaTrader 5 broker and trading platform for fast execution trading
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1AvaTradeAccess to over 1,200 financial instruments4.8 / 5Best overallOfficial website
#2Forex.comExtra trading features (VPS hosting services, social trading, expert advisors)4 / 5Best for UAE traders & DMA TradingOfficial website
#3PepperstoneCommission-free and swap-free accounts4.8 / 5Best for fast execution tradingOfficial website

MetaTrader 5 Trading Platform Advantages and Benefits

MetaQuotes launched the MetaTrader 5 trading platform in 2010. It is a multi-class trading platform that traders can use in conjunction with their preferred broker. 

MetaTrader 5 is one of the world’s most famous trading platforms. Users can trade all asset classes with it. MT5 features built-in tools like technical analysis tools, copy trading, and expert advisors. MetaTrader 5 is available in 31 languages, including English and Arabic.

The advantages and benefits of using the MetaTrader 5 trading platform are:

  • Trade multiple asset classes including stocks, commodities, indices, forex, and ETFs.
  • Use advanced order types and accounting systems like traditional netting and hedging systems. 
  • View 100 charts of different financial instruments at the same time. Available in 21 timeframes.
  • Use more than 80 technical indicators and analysis tools. Built-in live news feed and an economic calendar.
  • Full access to trading signals and social trading services. 
  • Available on desktop and mobile devices.
  • Use trading scripts from the MetaTrader Market to apply algorithmic trading strategies.
  • Create your own auto trading strategies in MQL5 and rent virtual private servers to run them 24/7.

Best MetaTrader 5 Brokers and Trading Platforms

The best MetaTrader 5 brokers give their clients free access to the trading platform. But, MetaTrader 5 brokers need to make money and will charge commissions or spreads on your trading activity. It is important that you choose a MetaTrader 5 broker that suits your needs. A good MT5 broker has low fees, good customer service, and offers high-quality trade execution.

01. AvaTrade: Best Overall MetaTrader 5 Broker

ava-trade-rating

AvaTrade is one of the best MetaTrader 5 brokers and trading platforms because of a few things. They offer traders access to over 1,200 financial instruments including stocks, bonds, forex, commodities, cryptos, indices, and ETFs. 

Apart from a wide variety of assets, they also offer the highest leverages among retail brokers. You can trade forex, gold, and crypto with leverages of as high as 30:1 as an individual trader. This increases to 400:1 as an institutional trader. 

AvaTrade doesn’t only offer CFD trading. You can also open an Options Trading Account, Spread Betting Account, or Islamic Swap-Free Account. If you like to practice trading first or see how their platform works, you can choose to open a Demo Account.

The AvaTrade customer service is available 24/7 in over 15 languages, including English and Arabic. You can contact them via live chat, email, or phone. 

AvaTrade is a reliable broker as it’s regulated by the CySEC, ASIC, FSA, and others. They also offer MetaTrader 4 trading, apart from only MetaTrader 5. 

ProsCons
Compatible with MetaTrader 5 and MetaTrader 4Can be difficult to understand for beginners
Offers over 1250 financial instruments including stocks, bonds, forex, commodities, cryptos, indices, and ETFsThe high leverage can backfire
Multiple account types available


02. Forex.com: Best MetaTrader 5 Broker and Trading Platform for UAE Traders & DMA Trading

forex-com-rating

Forex.com is a reliable broker that is regulated by the CFTC, FCA, and FSA. They are also a member of the National Futures Association and they are part of the StoneX Group. The StoneX Group is a publicly listed company on the NASDAQ. 

Forex.com is one of the best MetaTrader 5 forex brokers that offer the Active Trader Rebate program. As a Forex.com user, you will also have the option to open a Direct Market Access Trading Account. With this type of account, you can trade at prices offered by top-tier liquidity providers. The Active Trader Rebate Program gives traders a 1% APY interest on their trading balance up to $50k. No other broker offers this. 

You can trade over 4,500 financial instruments on Forex.com including stocks, commodities, forex, indices, and cryptos. It is possible to use either MetaTrader 4 or MetaTrader 5 with Forex.com. 

They also offer extra trading features like VPS hosting services, social trading, and expert advisors. For new traders, there is the option to open a free Demo Account to get to know the platform.

The Forex.com customer service is available in over 10 languages, including English and Arabic. Their customer service department is available 24/7, including on Sundays and national holidays. 

ProsCons
Offers over 4,500 financial instruments including stocks, commodities, forex, and cryptosHigh spreads on crypto
Offers interest on your balance
Customer service always available


03. Pepperstone: Best MetaTrader 5 Broker and Trading Platform for Fast Execution Trading

pepperstone-rating

Pepperstone offers its clients MetaTrader 5 trading with commission-free and swap-free accounts. Apart from these accounts they also offer Razor accounts with low commissions and almost no spreads. Pepperstone is a reliable broker as it’s regulated by the FCA and CySec. They also keep their clients’ funds on segregated accounts at top-tier banks. 

Traders can trade over 200 financial instruments using Pepperstone including stocks, forex, commodities, and cryptos. Pepperstone is most known for its fast trading execution of less than 30ms. Fast order execution is important for professional traders as then they get to trade at the price they see on screen. A delay in order execution is not preferred. 

Pepperstone offers Market Depth tools and MetaTrader signals for copy trading. Traders also have the option to buy exclusive upgrades to the MT5 trading platform through Pepperstone’s Smart Trader Tools service. Traders can decide to open a free demo account at Pepperstone to try out their services.

ProsCons
Offers fast order execution of less than 30msLow amount of available assets
Option to upgrade MT5 trading platform features
Low commissions and fees


How to Choose the Best MetaTrader 5 Broker and Trading Platform in the UAE

It can be difficult to choose the best MetaTrader 5 broker and trading platform. We will tell you exactly what to look for when choosing your broker and trading platform below.

Regulation and Licenses

There are many online brokers available to traders. But, these are not all regulated or licensed brokers. We recommend only trading at reliable and regulated brokers. The last thing you want is to make a big profit only to find out you won’t be able to withdraw your money. 

The best MetaTrader 5 brokers are regulated by top financial regulators like:

  • 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)

Always make sure the broker you are trading with is regulated by one or more of these regulatory bodies.

Available Financial Instruments and Asset Classes

When trading with a broker you want access to as many financial instruments and asset classes as possible. This helps you diversify your trading account. The MetaTrader 5 trading platform is designed to trade more than one asset class.

There are thousands of financial instruments available, but only a few asset classes. These are forex, commodities, indices, ETFs, stocks, bonds, options, and cryptos. With the best MetaTrader 5 brokers, you can trade more than 1,000 different markets across these asset classes.

If you want to check out which markets are available, open a free AvaTrade account and download the MT5 trading platform. 

Trading Commissions and Fees

It is very important to know the commissions and fees your broker charges. Commissions and fees have an impact on your trading profitability. The more fees you pay your broker, the less profit you make. Retail trading has become popular so brokers offer competitive fees nowadays. Most brokers and trading platforms advertise their low fees on their homepage. Be sure to check your broker’s commissions, spreads, swap, and overnight fees before trading. 

Note that some brokers advertise with commission-free trading. In this case, you pay no commission, but a spread on every trade.

Trading Tools and Features

As a trader, you need access to trading tools and research features. The best MT5 brokers and trading platforms all offer trading tools and features to help you beat the markets. Examples of these features are technical indicators, economic calendars, and market depth scanners. 

Most brokers offer extra tools and features from the ones offered by the MT5 platform itself to further enhance your trading strategies. From within MetaTrader 5, you can access the MetaMarket to shop for more plugins, scripts, and expert advisors not offered by brokers.  

Automated Trading and Copy Trading

Automated trading and copy trading are popular ways to trade the market. Why would you trade all day yourself when you can have a program or other person do it for you, right? For this reason, the best MetaTrader 5 brokers offer MetaTrader copy trading and signal services. 

It is also possible to connect expert advisors and trading robots to your MetaTrader 5 account. This way you can trade the markets on auto-pilot. We recommend testing auto trading software and copy trading features on a demo account before using it with a real account. 

Customer Service

You should always consider the quality and availability of the customer service when selecting a broker. You might run into a problem or have a question about your trading account and then you want someone to be able to help you. The best MetaTrader 5 brokers all offer excellent support 24/7 in many languages via email, live chat, and phone.

Getting Started with the Best MetaTrader 5 Broker

Now that you know all about the MetaTrader 5 trading platform and the different MT5 brokers it is time to get started. To get started with AvaTrade, the best overall MetaTrader 5 broker, follow these steps:

1. Open an AvaTrade Account

Navigate to the AvaTrade website and click the ‘Register’ button at the top of the screen. You will have to enter your personal details and fill out a questionnaire about your trading experience.

2. Verify your Identity

AvaTrade will ask you to prove your identity. You do this by uploading a photo of your driver’s license, passport, or national ID card. In some cases, they will also ask you to upload a screenshot or photo of a recent utility bill or bank statement.

3. Fund your Account

You can fund your AvaTrade account with credit cards like Visa or MasterCard, e-wallets like PayPal, Neteller, or Skrill, or by regular bank wire transfer. The minimum deposit at AvaTrade is $100 or 400 AED. 

4. Download MT5

Open the AvaTrade client portal area. From here you select MetaTrader 5 under the Trading Platform dropdown menu and follow the instructions to download the MT5 software.

5. Trade

Once you have downloaded MetaTrader 5 open it and log in with your AvaTrade account credentials. Your AvaTrade balance will be available within MT5 to trade the financial markets with. Click any asset you want to buy or browse the trading platform. 

The Best MetaTrader 5 Trading Platforms and Brokers in UAE – Bottom Line

MetaTrader 5 is one of the best trading platforms. You should trade with one of the best MT5 brokers to get the most out of it. A good MetaTrader 5 broker offers many financial instruments amongst different asset classes and is regulated by a reputable financial regulator. 

An MT5 broker should charge competitive fees and commissions and offer you a wide range of tools and features. To get started with MetaTrader 5 we recommend opening an account with one of the best MetaTrader 5 brokers mentioned in this article. 


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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