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Best Trading Platforms in UAE & Dubai 2022

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In this guide, we go over the best trading platforms in UAE and Dubai. We have compared 184 brokers and weighted their platforms, apps and features in 9 categories. We measured all aspects of their brokerage service including fees, mobile trading, customer support, platforms, tradable assets, deposits & withdrawals, regulation, research & education and islamic account availability.

Trading platforms and apps that reached the highest scoring are considered in the below list:

Top 6 Trading Platforms in UAE

  1. IQ Option Best Overall Trading Platform in UAE
  2. AVAtrade – Best CFD Trading Platform
  3. Capital.com – Best Crypto Platform
  4. eToro – Best Social & Copy Trading Platform
  5. Forex.com – Best Forex Trading Platform
  6. Saxo Bank – Best for Advanced and High Volume Trading

Best Trading Platforms UAE

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1IQ Option5.0Great overall offer$10
#2AVAtrade4.9Competitive fees, great market coverage$100
#3Capital.com4.9Advanced algorithmic trading features$0
#4eToro4.7Excellent copy trading features$200
#5Forex.com4.6Best For MT4 and MT5 Traders UAE$100
#6Saxo Bank4.6Best For High Volume Traders$10.000


Below section breaks down the best trading platforms in UAE one by one, starting with the best rated – IQ Option.

1. IQ Option – Best Overall Trading Platform

IQ-Option-UAE-features

IQ Option is an online accessible trading platform with over 40 million users world wide. Their exceptional service combines tight spreads, an intuitive platform, free demo account option, and professional multilingual customer support available in Arabic language. They offer sharia law compliant accounts and social trading in Arabic language which allows you to copy portfolios from seasoned investors and traders from UAE. Their proprietary trading app works smooth and allows IQ users to trade on the go with all the features and functions from the desktop trader.

IQ Option is a safe and well established market maker broker authorised by CySEC and subject to the highest standards of regulation in the industry.


2. AVATrade – Best CFD Trading Platform

AVAtrade-UAE-features

AVAtrade finishes on the second spot as the best online CFD broker for UAE users. Their multi-asset platform and sophisticated trading app make it possible for UAE traders to access 1400+ tradable symbols in total. Most of them are CFD’s in combination with major forex currency pairs with low forex spreads and some premium options.

Beside their proprietary platform called AVAtradeGo and MetaTrader, they offer great selection of social trading solutions through third party apps including ZuluTrade, DupliTrade and AVAsocial. Their trading app and platform have been awarded as the best trading platform 2021 overall.

Account opening is simple and fast. Deposits and withdrawals are free of charge. The minimum deposit is $100 and they charge an extra fee for inactivity. 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.


3. Capital.com – Best Research & Education Platform

capital.com-UAE-features

Capital.com is a great choice for traders from UAE looking for a discount broker with exceptional research resources, advanced trading tools and a premium interface. They offer a great selection of different assets including CFDs on stocks, cryptos, commodities, indices, forex and indexes.

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 from UAE will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.


4. eToro – Best Copy Trading Platform

eToro-UAE-features

eToro is an award winning online broker, known for its online social trading platform. Their robust and cutting edge platform and social trading features allow UAE users to copy whole portfolios and single trades from best performing traders and investors.

As a multi asset CFD broker, eToro enables UAE citizens to trade on over 4000 different symbols including cryptos, forex currency pairs, stocks, indices and ETFs. Trading spreads are tight, deposits are free and account minimum is low. eToro charges industry average fees for user inactivity. They provide a comprehensive list of analytic tools, charts, and trading news. Their customer support is responsive and available through phone and live chat in Arabic.

eToro is a reputable and safe market maker broker with a scam free record, regulated by top tier one regulators.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


5. Forex.com – Best Forex Trading Platform

FOREX.com-UAE-features

Its is a CFD forex broker and a top choice for UAE traders who are looking for a great selection of currency pairs. Their multi-asset, features-rich trading platforms offers a wide range of third party platforms, new age social trading features and great asset coverage. Forex.com offers trading on over 4550 different CFDs as cryptos, stocks, currencies, bonds and access to 5500 tradable symbols overall.

Their overall great offer makes this forex and CFD broker a good choice for traders at all levels.


6. Saxo Bank – Best High Volume Trading Platform

Saxo-Bank-UAE-features

Saxo Bank finishes our list of trading platforms, offering the best package for high volume traders and investors from UAE. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000 for United Arab Emirates, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of different investments.

UAE based traders who want to trade in accordance to the Sharia Law can open up an islamic account.


How We Select The Best Trading Platforms For UAE Traders?

To get our list of the best trading platforms in UAE we have compared 184 online brokers in 8 different categories including: regulation, costs, withdrawal & deposit, accounts, available assets, platforms, mobile apps and customer support.

Fees:  A transparent fee structure adds to a great trading experience. Spread fees should vary between 0.03% to 0.5% depending on your trading volume. We recommend you choose a 0% commission broker.

Trading platforms: They should have great UX, grant access to trading tools and indicators for your trading level and offer fast execution of trades. We recommend you opt for a platform with a technical charting interface and built-in live market data stream. A comprehensive market news feed and access to advanced features are a must have.

Mobile Trading: Mobile trading apps should offer access to the same trading features as their web versions. Choose mobile platforms with full-screen charting options, social feeds and availability on Android and iOS.

Deposit & Withdrawal: Deposit and withdrawal should be free of charge. They needs to be fast and simple and offer your preferred payment method.

Assets: Look for coverage of your preferred assets class. UAE traders are allowed to access all tradable asset including stocks, forex, indexes, commodities, options, FOPs, futures, bonds, indices, swaps, hedge funds, mutual funds, spot gold, ETFs and cryptos.

Regulation: Brokers with top-tier licenses follow strict legal requirements enforced by a trustworthy financial regulators and offer the highest security standards. As a UAE trader only sign up with FCA, CySEC, and ASIC licensed brokers.

Research & education: As a beginner or average trader only sign up with a broker offering research and education tools including: daily news updates, weekly webinars, personal training and room access and personal account manager.

Customer support: Beginner traders traders should only sign up with brokers offering responsive and professional customer support available in their language.

*Islamic Accounts: All of the best trading platforms in UAE from our list offer islamic accounts. This gives users access to trading strategies which are in compliance to the Sharia law requirements.

Online Trading Regulation In The UAE

UAE Online trading regulation operates in two distinct local regions: Dubai International Financial Centre (DIFC) and the rest of the UAE. The regulatory authority in UAE is the Central Bank of the United Arab Emirates (CBUAE). Dubai is additionally accountable for its regulatory activities under the Dubai Financial Services Authority (DFSA).

The Securities Commodities Authority (SCA) is the main regulatory body in UAE for online trading. It handles all non-banking financial activities including forex trading, crypto trading and CFDs. The SCA handles issuing licenses and boosting capital market growth. The Central Bank Of UAE oversees the activities of all brokers.

If you want to trade securities as a UAE investor, you need to apply for a NIN investor number in the Dubai Financial Market. DFM and ADX exchanges require a NIN in order to approve your trading account. All transactions are processed in UAE Dirham (AED)

Conclusion

We consider IQ Option as the best trading platform in UAE because of their low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.

All of the other trading platforms from our guide have an overall great offer and finished “best in class” in at least one of the categories covered.

FAQ

Are There Commission-Free Brokers In UAE?

There are commission free platforms in UAE offering 0% commission trading, especially for CFD. eToro is a top choice for commission-free trading in UAE.

How Much Should I Invest When Trading In UAE?

Brokers in UAE have minimum deposit rate that users need to deposit in order to open a trading account. The average minimum deposit in United Arab Emirates is 750 AED. The minimum deposit is a great amount for beginners to start trading with.

Is Dirham A Base Currency for Trading?

Most brokers have account holders exchange dirham for US dollars when funding accounts. This currency exchange comes with extra costs ranging from 0.3%-0.5%.


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Platforms, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s platforms and apps. 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.