Best Online Trading Platform in UAE
This is our list of the best online trading platforms in UAE based on several factors: traders score, commodities you can trade, trading platforms, funding methods, islamic account enabled, minimum deposit and welcome bonus.
Our Personal Favourite UAE & Dubai Forex Trading Companies in Review:
1. IQ Options (Best Binary Options Broker)
IQ Options has a long trading services history. The company started operating in 2013. Having their main quarters in the UK, they are authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) only. They also have an office in UAE, licensed by the Central Bank of the UAE. Therefore they are under strict regulatory surveillance.
IQ Options index brand has been recently updated to make sure the UAE clients get the same advanced tools and platforms, internationally available to other customers. They provide an improved in-house advantage trading platform different from the most known Metatrader 4/5 platform.
Those powerful trading tools are available without any risk for 30 days. $10,000 in virtual currency is also provided for you to practice with and is not limited in any way.
IQ Options has won many awards due to the quality of their trading services. IF you are looking for a solid trading platform you don’t have to look any further.
2. eToro (Best Social Trading Platform)
eToro is an established social trading broker, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers.
eToro is considered to be a trustworthy platform as it is regulated by an established regulator while being a well-recognized startup as well. Its main operation is based around CFDs. CFDs are complex instruments that include leverage, so they come with a higher risk.
eToro has been awarded as the best social trading platform – social trading means you can follow other traders and copy their investment strategies.
- Great support in Arabic language: Monday till Friday 24h/day
- Copy trading feature – copy the best brokers secrets
- Solid online trading platforms (mobile app, web trader MT4)
- Safe and fast deposit options and withdrawals
- Strong regulations and security by FCA (UK)/ ASIC (AUS)/CySEC (EU)
- 47+ currency pairs available
- Trade: Forex, Stocks, Cryptocurrencies, Commodities, Indices, ETF’s
- Competitive spreads
3. Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)
Plus 500 is a quality CFD’s provider and operates around the world via its subsidiaries: Plus500AU, AFSL #417727 issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider # 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500 CY Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).
Client Money is held on trust, separated from Business Money. Should Plus500 go into liquidation client money would attract all the legal protections afforded to trust money.
Plus 500 has one of the most user-friendly platforms that allow instant access to variousmarkets, including commodities, indices, shares, andoptions. Every asset is availableto buy or sell as CFD’s, with leverage up to 1:300, commission-free.
Many other featuressuch as stop, limit, andtrailing stop are all present on the platform. Customers can also enjoy trading in a free unrestricted demo account thatimitates real trading action. The platform has a lot of news, market information, training tools and comes with solid customer support. Everything is available in the Arabiclanguage, including customersupport.
4. The IG Group (Recommended for traders aiming for a great and easy-to-use trading platform)
IG market Ltd. is one of the world’s leading provider of brokerservices and a world leader in the field of CFD’s provision (contracts for difference).
They have many accomplishments under their belt. They were the first online broker in 1998 and the first to enable iPhone trading in 2008. IG enables traders to access many different assets, such as Forex, indices, various equities and commodities, and ETFs. All in all, they are connected to more than 15,000 worldwide markets.
The company is regulated by one of the most renowned regulatorson the planet – Financial Conduct Authority (FCA). They also have a local oversight of their Dubai part of the business in the Dubai Finacial Services Authority.
IG is chosen by many traders because their website is availablein Arabic, and include excessive market information and educational content. They provide quality customer service, that includes a Dubai-based telephone line and Arabic email support.
They also offer some of the most powerful trading tools and many device apps, along with MetaTrader 4.
If you liked this article than also read:
- 1 Best Online Trading Platform in UAE
- 1.1 Our Personal Favourite UAE & Dubai Forex Trading Companies in Review:
- 1.2 1. IQ Options (Best Binary Options Broker)
- 1.3 2. eToro (Best Social Trading Platform)
- 1.4 3. Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)
- 1.5 4. The IG Group (Recommended for traders aiming for a great and easy-to-use trading platform)