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Best Trading Platform in UAE & Dubai 2022

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Best trading platforms in UAE are: IQ Option, AVAtrade, eToro, Pepperstone, Saxo Bank and XM. In our evaluation process, we are focusing on 7 factors: traders score, commodities traded, platforms, funding methods, Islamic account enabled, minimum deposit, and welcome bonus. Here are our profiles of the 6 best trading platforms in UAE and Dubai:

6 Best Online Trading Platforms in UAE & Dubai

This is our list of the best online trading platforms and brokers in UAE and Dubai:

  1. IQ Option Best for Binary Options Trading and CFD’s
  2. AVAtrade – Best Overall Broker
  3. eToro – Best for Social and Copy Trading
  4. Pepperstone – Best for Beginner Traders
  5. Saxo Bank – Best for Advanced Traders
  6. XM – Best for forex trading

Best Online Brokers UAE & Dubai

#1IQ OptionBest stock broker in UAE4.9/5Options, stocks, forex and cryptoOfficial website
#2AVAtradeBest web trading platform4.9/5Low spreadsOfficial website
#3eToroBest for copy trading4.9/5Social TradingOfficial website
#4PepperstoneLowest trading fees4.8/5Low feesOfficial website
#5Saxo BankBest for premium traders4.8/5Different assetsOfficial website
#6XMBest for forex trading4.8/5Forex tradingOfficial website

Platforms, Brokers and Apps in Overview:

01. IQ Option: Best Trading App UAE


IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support. It is a great platform for traders looking to invest in options on a feature-rich and easy-to-use platform.

The trading experience on their proprietary web, desktop, and mobile platforms is smooth. It is an easy to learn and navigate platform suitable for professional and beginning traders. Their platform offers a great variety of charting tools that help traders predict future market movements. IQ Option is a trustworthy online broker subject to the highest standards of regulation and safety in the industry. It is a CySEC authorized company with a 100% clean history.

02. AVA Trade: Best Overall Offer


Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. They provide several online trading platforms, each aimed towards traders with different experience and skill levels.

Deposits and withdrawals are free of charge. The minimum deposit is $100. There are fees for inactivity and overnight financing. A dedicated educational and research site offers several free courses, videos, and market analysis. Customer support is responsive and available through phone, email, and live chat. AvaTrade is regulated in six jurisdictions and available since 2021 in the UAE. They are regarded as the best online broker with a long operational history.

03. eToro: Best For Social Trading


eToro is a safe online trading platform regulated by top-tier financial regulators. It is known for commission-free trades, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and portfolios from other traders. Built in a forum-like way, it allows engagement between peers through a comment section.

eToro offers a range of CFDs over stocks, currencies, indices, and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat.

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.

04. XM Trade: Best for forex trading

XM.com is the best online broker for forex and CFD trading. They offer the best Social Copy trading tools through their full suite of MT4 and MT5 web, desktop, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.

Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC, ASIC, IFSC and is considered a safe broker for trading forex and CFDs.

05. Pepperstone: Lowest Trading Fees


Based in Melbourne, Pepperstone is a reliable Forex and CFD online broker, known for its diversity of trading platforms, low margin rates, fast account opening, and great trading tools. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. Pepperstone is the best trading platform for professional and active traders.

Pepperstone offers MetaTrader and cTrader with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools.

06. Saxo Bank: Best Online Broker Overall

Founded in 1992, Saxo Bank is a low risk online broker, well-regulated bank by the FCA (UK), FINMA (Switzerland), ASIC, FSC (Australia), and JFSA (Japan). Saxo Bank is the best trading platform for forex and CFD broker known for their intuitive SaxoTraderGO platform, competitive margin rates, and more than 40,000 trading instruments. The overall user experience is great. The opening deposit is USD 10,000 ( GBP 500 for the UK, SGD 500 for Singapore). 

Saxo Bank provides a unique platform and competitive pricing. They combine high-quality in-house research with top-tier third-party providers to offer an outstanding research experience. Their customer service is outstanding. UAE citizens are offered the ability to trade in compliance with Sharia law using an Islamic account. Support is available in the Arabic language by email or directly in the local offices.

How Did We Choose The Best Platforms For UAE Users?

We review trading platforms with real accounts and money. The main criteria for selection include regulation, safety, fee structure, available markets, trading tools and customer support.

Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulator and offer secure platforms. We recommend UAE users to choose platforms with FCA, CySEC, and ASIC licenses.

Costs: A transparent fee structure adds to a great trading experience. Some trading platforms have simple fee structures; others do not. Commission and spread fees are common with UAE trading platforms. Spreads vary between 0.03% to 0.5% depending on your trading volume. We recommend you choose a 0% commission trading platform in Dubai.

Withdrawal and deposit: withdrawing and depositing funds needs to be a simple process. Leading trading platforms in the UAE offer many payment options. Traders receive access to PayPal, Skrill, and bank transfers. It is worth mentioning that funding options come with processing fees.

Accounts: Each platform has different account types. Some providers request a minimum deposit fee. Others won’t ask for a minimum deposit for opening new accounts. Remember that a demo account isn’t mandatory, but it is helpful. These accounts help traders test the offering of a trading platform.

Market and products: Each platform has a unique market and currency coverage. Trading platforms offer complex services. UAE traders access forex trading, stock trading, index trading, commodity trading, and crypto trading. Choose a trading platform for your trading needs and experience.

Platforms: Trading platforms should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.

Mobile apps: A mobile trading app is a must. UAE traders need access to a mobile trading platform to track and improve their strategies on the go. The mobile version of a trading platform should include all the features available on the web platform. Search for full-screen charting options and social feeds.

Customer Support: Customer support is key to your online trading success. Platforms from our list of the best offer 24/7 or 24/5 support. It is best to choose a provider with access to live chat, email, and phone support.

How Online Trading is Regulated In The UAE?

Online trading regulations in UAE operate 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 UAE Securities Commodities Authority (SCA) is the main regulatory body 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 forex brokers. We recommend you choose a trading platform licensed by the SCA. It will help you avoid forex scams. Online trading platforms mentioned in our review have top-tier licenses from forex regulators.

The dirham (AED) is the only legal tender recognised by the central bank of UAE. The currency, leveraged against the USD since 1978, has a fixed rate of 3.6725 AED since 1997. It remains very stable with only minor rate fluctuations. National property and oil prices are the main economic elements of UAE’s economy.

Besides those two Dubai has 7 additional online trading platforms and UAE trading apps :

  • NASDAQ Dubai
  • The Dubai International Financial Centre
  • The Dubai Multi Commodities Centre
  • The Dubai Pearl Exchange
  • The Dubai Diamond Exchange
  • The Dubai Gold and Commodities Exchange
  • The Dubai Mercantile Exchange

What Is a Trading Platform?

A trading platform is the bundled software that enables investors to place, cancel and monitor trades through financial brokers. Users choose between desktop trading platforms, mobile trading apps, web based platforms and customised in house platforms.

Online Trading in UAE

Online trading in UAE became more popular over the past months because of the rally of the GameStop stock and other similar stories which revealed the simplicity, safety and availability of online trading to common people. GameStop investors showed the world that they can beat the “big guys” from Wall Street using simple trading platforms and apps available for everyone.

This story did not remain undiscovered in the UAE, where we see a big increase in sign ups and online trading volume since then. Beside online trading being fully regulated and safe in UAE, it also offers many other benefits for investors. These include a supportive regulatory environment, low tax rate, and political stability. Cryptocurrency exchanges call UAE a home, due to its growing Fintech sector. UAE is a leader in initial coin offerings (ICOs) and online trading opportunities in general.

How To Start Trading Online in UAE and Dubai?

To trade online in UAE and Dubai you need to: find a regulated online broker, open a trading account, deposit money and buy tradable assets.

For trading in UAE investors must apply for a NIN investor number when trading listed securities in the Dubai Financial Market. This lets them trade on the ADX and DFM exchanges. After obtaining a NIN number, they must find a broker from either exchange. Securities transactions in UAE are settled in AED. Trading in UAE is fast, simple and takes place in English language.

Challenges of Trading Online in the UAE

There are as many online trading opportunities in the UAE as challenges. Their 5 percent VAT reduces consumer spending. Disputes between UAE and Qatar have a significant impact on both economies. UAE has credit availability issues. It ranks 44th in the world for credit application success and 98th for cross border trading. This presents challenges for businesses in the import/export business.

Stock Trading UAE

Stock trading UAE regulation is confusing. There are two primary regulatory schemes: the UAE federal law and the the DIFC. The DIFC and the ADGM manage the capital markets for all transactions involving the Central Bank. The Emirates Securities and Commodities Authority is the primary regulator of the capital markets in the UAE. The SCA regulates trustworthy stock brokers.

How to Trade Stocks in UAE?

Step 1: Register for a investors number (NIN)

You can apply for NIN number online here

Step 2: Find a Stock broker

After you get your NIN number you will need to open a brokerage account at one of the broker who have a valid trading licence in UAE. You can find a list of the best stock brokers in UAE here.

Step 3: Start Trading

After you open a trading account at one of the licensed brokers you can start stock trading UAE.


The winning online trading platforms in UAE & Dubai are: IQ OptionAVAtradeeToro, PepperstoneSaxo Bank and XM. The main criteria for our selection include regulation, safety, fee structure, available markets, trading tools and customer support. Online trading in UAE is regulated by the Central Bank of the United Arab Emirates, Dubai is additionally accountable to the Dubai Financial Services Authority (DFSA). The UAE government is adopting laws and tax structures to make UAE and Dubai more attractive for online trading, investing and cryptocurrency companies.


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online brokers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a brokers platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Brokerages were also 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.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclaimer: By trading with securities you are taking a high degree of risk. You can lose all of your investment money. You should start trading only if you are aware of this risk. Business24-7 is not providing any investment advice, we only help you find the best broker based on your needs and preferences. Business24-7 is free for everyone but earns commission from some of the brokers. We get a commission with no additional cost for you.

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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.