Page Summary
This guide helps users to find the best trading platforms in UAE for trading with silver. Trading with this precious metal is popular among retail and institutional traders in UAE for portfolio diversification and hedging against growing prices. With the wide range of online brokers offering access to trading with silver, choosing the ideal provider for individual trading needs and personality can be a daunting task.
With a detailed comparison, research, and due diligence on different brokers, traders can avoid selecting a platform lacking security, availability of commodities, transparency, and trading tools.
This guide assesses 66 online brokers in UAE for users to review and find the ideal platforms for their needs. To help them make an informed decision, a list of the best silver trading platforms in the UAE is shared below, followed by detailed reviews and comparisons.
Top Silver Trading Platforms in UAE
- IC Markets – Best Overall
- Interactive Brokers – Top for active traders
- IG Trading – Ideal for Mobile trading
- eToro – Best For Beginners
- AVAtrade – Great for Research and Education
The Best Silver Trading Platforms in UAE Reviewed
The best silver trading platforms in UAE are reviewed below.
1. IC Markets – Best fees for silver trading
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
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
- MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms are available for silver trading
- Tight spreads and leverage up to 1:200
- Trading signals for silver trading
Cons
- Silver only available as CFD
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
73.59% of retail CFD accounts lose money
2. Interactive Brokers – Best for active traders
Min Deposit: $0
Fees: 4.9
Assets available: 4.9
Total Fees:
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.
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
Pros
- Silver traded as futures contract, option and ETF
- Good trading conditions for silver derivatives
- Over 100 different order types, algos permitted for Silver trading
Cons
- Difficult to understand silver trading fee structure
Key features
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
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.
3. IG Trading – Best for Mobile trading
Min Deposit: $5500
Fees: 3.7
Assets available: 4.5
Total Fees:
IG Markets 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
- MetaTrader 4 (MT4) and ProRealTime (PRT) trading platforms available for Silver trading
- Silver trades as futures contract, CFD and ETF
- Good trading fees on Silver CFDs and Silver Futures
Cons
- Higher margin requirements for retail CFD and futures trading on Silver
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
75% of retail CFD accounts lose money
4. eToro – Best For Beginners
Min Deposit: $50
Fees: 4.8
Assets available: 4.8
Total Fees:
77% 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. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, 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 in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier 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.
Pros
- Social trading service (Silver copy trade possible by following popular traders)
- Silver trades as CFD and ETF
- All trading platforms for Silver trading are beginner friendly
Cons
- Silver CFD trading fees are higher than other brokers
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
77% 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. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
5. AVAtrade – Best for Research and Education
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
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
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms are available for Silver trading
- Silver trading with social trading services (ZuluTrade, DupliTrade)
- Good trading conditions for Silver
Cons
- Silver only available as CFD
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
71% of retail CFD accounts lose money
Tips To Find The Right Silver Trading Platform
The most important factors for finding an online broker with the best suited platforms for silver trading are listed below.
- Assets: Trading silver in the UAE requires a broker that offers the correct trading options. Look for a broker that has: commodities, futures, mutual funds, forex, bonds, indices, ETFs, and cryptos.
- Mobile Trading: Brokers offer investors mobile trading platforms for silver trading in the UAE. Make sure all the features you need are on the mobile platform.
- Fees: Fees on silver trading impact the profits, so be sure to understand the fee structure your broker uses. Some brokers offer 0% trading fees, but the spread also matters.
- Trading platforms: The silver markets are volatile, and you need a trading platform that is fast. If you use automated trading tools, make sure your broker has an API you like, and access to breaking market news.
- Deposit & Withdrawal: Trade with a broker that has free deposits and withdrawals, and also uses payment platforms you can work with.
- Regulation: The FCA, CySEC, and ASIC regulate financial services, including brokers. Only trade with brokers that are compliant with regulations.
- Research & education: Silver is a commodity, and the market is volatile. If you aren’t an experienced commodity trader, your broker should have educational resources to help you learn.
- Customer support: Your broker should offer 24/7 support with multiple contact options. Be sure the broker speaks a language you understand before you sign up.
Top Online Brokers For Silver Trading Compared
Key features of online brokers with the best rated platforms for silver trading are compared in the table below.
| Broker | Options to Trade Silver | Minimum Deposit | Available Trading Platforms | Deposit & Withdrawal Methods | Customer Support Options | Regulators |
|---|---|---|---|---|---|---|
| IC Markets | Silver CFDs | $200 | MetaTrader 4, MetaTrader 5, cTrader | Credit/Debit Cards, Bank Wire Transfers, E-Wallets (PayPal, Skrill, etc.) | Phone, Email, Live Chat | ASIC, CySEC, FSA |
| Interactive Brokers | Silver Futures and EFPs | $0 for Cash accounts, $2,000 for Margin accounts | Trader Workstation, IBKR Mobile, IBKR WebTrader | Bank Transfers, Check, Online Bill Pay, Direct Rollover, Trustee-to-Trustee | Phone, Email, Live Chat | SEC, FINRA, NYSE, FCA, and others |
| IG Trading | Silver CFDs | $250 | IG Trading Platform, MetaTrader 4 | Credit/Debit Cards, Bank Wire Transfers, E-Wallets | Phone, Email, Live Chat | FCA, ASIC, MAS, CFTC, NFA |
| eToro | Silver CFDs | $150 | eToro Platform, eToro Mobile Apps | Credit/Debit Cards, Bank Wire Transfers, E-Wallets (PayPal, Skrill, etc.) | Ticket System, Live Chat | CySEC, FCA, ASIC |
| AVAtrade | Silver CFDs | $100 | MetaTrader 4, MetaTrader 5, AvaTradeGo, AvaOptions | Credit/Debit Cards, Bank Wire Transfers, E-Wallets | Phone, Email, Live Chat | Central Bank of Ireland, ASIC, FSA, FSCA, ADGM |
Always conduct thorough research or consult with a financial advisor to understand the risks
Getting Started with Silver Trading in UAE – eToro
You get started with silver trading in UAE with eToro by opening a trading account, confirming your identity, depositing funds, and placing your first silver trade.
1. Opening an Account
You open an eToro trading account by going to their website, clicking on ‘Sign Up’, and filling in your personal details.
2. Confirming Your Identity
To confirm your identity with eToro you will need to upload a photo of your passport, national ID card, or driver’s license and a photo of a recent utility bill or bank statement not older than 3 months.
3. Depositing Funds
eToro accepts credit card, e-wallet, and bank transfer deposits to fund your account. The minimum deposit required is 200 AED.
4. Placing First Silver Trade
You place your first silver trade with eToro by searching for the silver-related financial instrument you want to invest in, clicking on ‘Trade’, and specifying how much you want to invest, what leverage you want to use, and whether you want to go long or short (buy/sell).
What Moves The Price of Silver?
Silver is an industrial commodity, and was money for many centuries. Although the metal does trade in the same direction as gold, different things move the silver market, like the industrial cycle. Because silver is an inexpensive metal, global industry uses it to manufacture products. Also, silver is rarely mined as a primary metal, and mining of other metals impacts the silver price, because the supply isn’t influenced by the metal’s price.
How to Trade Silver in UAE?
Investors gain exposure to silver in many ways, and each asset class has advantages. Here are the ways silver trades with brokers in the UAE.
- Silver Futures – Silver is a commodity that trades on global futures exchanges. Silver futures set the price of silver for investors and buyers of physical metal.
- ETFs – There are ETFs that hold physical silver, and also silver mining companies. Silver ETFs trade like stock, and are inexpensive to trade.
- CFDs – CFD brokers offer contracts that track the spot price of silver.
- Mining Stocks – Investors have access to mining company stock that mine silver, and also industrial metals.
- Royalty Companies – Silver royalty companies buy the rights to the silver production from a mine, and rise with the price of silver.
Conclusion
With the various online brokers in UAE offering different platforms and features, it can be hard to find the ideal choice for individual trading needs and goals. Evaluation and comparison of different providers requires time and knowledge.
This guide does the tough grind by evaluating top choices for different types of traders and investment goals. The results of our analysis and comparison of the best silver trading platforms in UAE are wrapped up in the table below.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | IC Markets | 4,9/5 | Overall | Official website |
| #2 | Interactive Brokers | 4,9/5 | Active traders | Official website |
| #3 | IG Trading | 4,8/5 | Mobile trading | Official website |
| #4 | eToro | 4,5/5 | Beginners | Official website |
| #5 | AVAtrade | 4,4/5 | Research and Education | Official website |
Based on our review, we consider IC Markets as the best silver trading platform in UAE. They offer great silver trading features and conditions, a low fee structure on silver trading and great educational videos and content.
FAQ
Is silver a commodity or money?
Silver isn’t used as money, and trades like a commodity. The US dollar value does influence silver, and all other commodities.
How to trade silver in UAE?
There are different ways to trade silver in UAE including futures exchanges, direct physical purchase and as silver ETFs.
Are there silver mining companies?
There are only a few silver mining companies, it is better to buy shares in a silver royalty company because it is a pure play silver investment.
Can I buy physical silver in UAE?
Yes, physical silver can be bought in several locations in the UAE including Dubai Gold Souk, Dubai Multi Commodities Centre (DMCC), Gold and Diamond Park and Local Jewellery Stores.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…