Business24-7.ae is committed to the highest ethical standards and reviews services independently. Learn How We Make Money.

Best Online Stock Brokers in UAE (2024)

Page Summary

This guide helps users to find the best stock broker and apps in UAE. With the increasing number of reliable and scam online brokers, it can be hard to compare and choose the optimal platform for individual trading and investing goals.

Users who skip the research can select a platform or app with high fees, complex interface, low range of markets or limited trading features.

This guide assesses 133 stock brokers in UAE for users to compare and find the ideal platform for their needs. To help them make an informed decision, a list of online brokers with the best stock trading platforms in the UAE is shared below, followed by detailed reviews and comparisons.

Best Stock Brokers In UAE

The 6 best stock brokers in UAE are listed below:

  1. eToro – Best Beginners Stock Broker
  2. Plus500 – Best for Mobile Trading Platform
  3. Interactive Brokers – Best Stock Trading Platform
  4. Tradestation – Best Active Traders Broker
  5. Saxo Bank – Best Professionals Broker
  6. Sarwa – Best Full-Service Broker

Top 6 Online Stock Brokers in UAE Compared

Key features of the highest rated stock brokers in UAE are compared in the table below.

Broker eToro Plus500 Interactive Brokers TradeStation Saxo Bank Sarwa
Min. deposit UAE
$100

$100

$0

$0

$5000

$0

Nr. of real stocks
1,250

1,900

87,000

15,000

22,000

3,000

Nr. of stock CFDs
2,550

1,900

7,700

N/A Stock CFDs are not available

7,700

N/A

Research and fundamental analysis tools
Market research, Daily news, In-depth Market analysis.. Market research, Daily news,In-depth Market analysis

Market research, Daily news, In-depth Market analysis Market research, Daily news, In-depth Market analysis

Trading Signals, Market research, Daily news, Market analysis.. Trading Signals, Market research, Daily news, In-depth Market analysis, Market screeners, Dividends calendar

Market research, Daily news, In-depth Market analysis.. Market research, Daily news, In-depth Market analysis, Market screener

Market research, Daily news, In-depth Market analysis.. Market research, Daily news, In-depth Market analysis, Market screeners, Dividends calendar

Market research, Daily news, In-depth Market analysis.. Market research, Daily news, In-depth Market analysis

Fractional stocks
Yes
No
Yes
No
No
Yes
Penny stocks
No
No
Yes
Yes
No
No
Overall Rating
4.8

4.9

4.8

4.6

4.9

4.7

Open account Open account Open account Open account Open account Open account

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

Stock Trading and Non-Trading Fees Compared

Trading fees of top broker for major stock markets are compared in the table below.

Broker

US Stocks and ETFs

Japanese stocks
German stocks
Account fees
Deposit fees
Inactivity fees
Broker assisted fee

UK Stocks

Japanese stocks
German stocks
Account fees
Deposit fees
Inactivity fees
Broker assisted fee

Japanese stocks

German stocks
Account fees
Deposit fees
Inactivity fees
Broker assisted fee
eToro
$0
$0
$0
$0
From $0
From $0
From $0
From $0
No Yes
N/A
N/A
$0
$0
$0
$0
From $0
From $0
From $0
From $0
No Yes
N/A
N/A
$0
$0
$0
$0
From $0
From $0
From $0
From $0
No Yes
N/A
N/A
Plus500
$0.006
$0.006
0,045 % (min. 2 GBP)
0,045 % (min. 2 GBP)
N/A
N/A
0,045 % (min. 2 EUR)
0,045 % (min. 2 EUR)
No Yes
N/A
N/A
$0.006
$0.006
0,045 % (min. 2 GBP)
0,045 % (min. 2 GBP)
N/A
N/A
0,045 % (min. 2 EUR)
0,045 % (min. 2 EUR)
No Yes
N/A
N/A
$0.006
$0.006
0,045 % (min. 2 GBP)
0,045 % (min. 2 GBP)
N/A
N/A
0,045 % (min. 2 EUR)
0,045 % (min. 2 EUR)
No Yes
N/A
N/A
TradeStation
$5/trade $0 for US clients
$5/trade $0 for US clients
N/A UK stocks are not available
N/A UK stocks are not available
N/A Japanese stock are not available
N/A Japanese stock are not available
$5 per trade
$5 per trade
No Yes
$25.00
$25.00
$5/trade $0 for US clients
$5/trade $0 for US clients
N/A UK stocks are not available
N/A UK stocks are not available
N/A Japanese stock are not available
N/A Japanese stock are not available
$5 per trade
$5 per trade
No Yes
$25.00
$25.00
$5/trade $0 for US clients
$5/trade $0 for US clients
N/A UK stocks are not available
N/A UK stocks are not available
N/A Japanese stock are not available
N/A Japanese stock are not available
$5 per trade
$5 per trade
No Yes
$25.00
$25.00
Interactive Brokers
$0
$0
0.05%
0.05%
0,05%
0,05%
0,05%
0,05%
Yes No
$30.00
$30.00
$0
$0
0.05%
0.05%
0,05%
0,05%
0,05%
0,05%
Yes No
$30.00
$30.00
$0
$0
0.05%
0.05%
0,05%
0,05%
0,05%
0,05%
Yes No
$30.00
$30.00
Saxo Bank
$0.02/share $0.02/share
$0.02/share $0.02/share
0.1%
0.1%
0,15%
0,15%
0,10%
0,10%
No Yes
$50
$50
$0.02/share $0.02/share
$0.02/share $0.02/share
0.1%
0.1%
0,15%
0,15%
0,10%
0,10%
No Yes
$50
$50
$0.02/share $0.02/share
$0.02/share $0.02/share
0.1%
0.1%
0,15%
0,15%
0,10%
0,10%
No Yes
$50
$50
Sarwa
$0
$0
N/A UK stocks are not offered
N/A UK stocks are not offered
N/A Japanese stocks are not available
N/A Japanese stocks are not available
N/A German stocks are not available
N/A German stocks are not available
No No
$0
$0
$0
$0
N/A UK stocks are not offered
N/A UK stocks are not offered
N/A Japanese stocks are not available
N/A Japanese stocks are not available
N/A German stocks are not available
N/A German stocks are not available
No No
$0
$0
$0
$0
N/A UK stocks are not offered
N/A UK stocks are not offered
N/A Japanese stocks are not available
N/A Japanese stocks are not available
N/A German stocks are not available
N/A German stocks are not available
No No
$0
$0

Top Online Stock Brokers Reviewed

5 online brokers with the highest rated stock trading platforms in UAE are reviewed below.

1. eToro – Best Beginner Stock Broker

eToro logo

Rating: 4,9/5

BEST FOR: Social Copy Trading

LEVEL: Beginner & Intermediate

FEES: Low ($0 commission)

MARKETS: 2,800 stocks, 2,850 CFD’s

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro is an investment company, founded in 2007. The broker offers access to a wide range of stock markets including 2,800 real stocks, 2,850 stocks as CFDs (contracts for difference) and a handful of REIT stocks. eToro’s trading platform has an easy to use interface for starters. It is available as a web version (Web Trader) and mobile app.

Stock trading tools available on eToro’s platform are listed below.

  • One-click-trading
  • Risk management tools (stop losses, take profits and trailing stop losses)
  • CopyTrader (social copy trading)
  • Smart Portfolios
  • Procharts (charting tools)
  • Tipranks (research tab)

eToro charges 0% commission on stocks and ETF’s. The broker charges fees in the form of spreads (they vary based on current stock market conditions), overnight fees ($5), currency conversion fees (0.0050 pips on deposits different than USD) and inactivity fees ($10/month after 12 months of inactivity).

eToro’s Stock Trading Fees Compared With Other Brokers
Broker eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Stocks $0.00 $0.006 $0.00 $0.00 $0.01 $0.00
Broker Assisted Fee N/A N/A $0.00 $30.00 $50.00 $0.00
Inactivity Fee Yes Yes Yes No Yes No
Funding Fees Yes No Yes No No No
Account Minimum $200.00 $100.00 $0.00 $0.00 $2,000.00 $0.00

eToro is licensed by 3 tier one regulators including the FCA, CySEC, and ASIC.

eToro’s customer support is available by email, phone and live chat in English and Arabic.

Key features

  • Low stock trading fees (0% commissions on stocks and ETFs)
  • Wide range of assets (2800 real stocks and 2800 stock CFDs)
  • Variety of stock trading tools
  • Accessibility through web and mobile app
  • Access to fractional shares
  • Low minimum deposit ($50)
  • Regulated by top tier financial regulators (FCA, CySEC, and ASIC)

Pros

  • Access to over 4000+ tradable symbols
  • Easy to use trading interface
  • Great mobile trading app and platforms
  • Industry leading social/copy trading app
  • Responsive customer support

Cons

  • Algorithmic trading is not available
  • Forex and CFD fees above industry average
  • Advanced trading features are missing
Open account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

2. Plus500 – Best for Mobile Trading

Plus 500 logo

Rating: 4,8/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees:

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford to risk losing your money.

Plus500 is a stock-listed, international multi-asset broker founded in 2008. It provides users access to thousands of stocks, options, and CFDs on other financial asset classes, including shares, shares, cryptocurrencies, commodities, energy markets, indices, and ETFs. 

The trading interfaces of its proprietary trading platforms and apps are beginner-friendly, intuitively designed, and perfectly accessible on all types of (mobile) devices. With its dynamic charting features, alert notifications, multiple order types, One-tap trading feature, and sleek design, our experts classified Plus500 as the best broker for UAE-based traders and investors who prefer trading the financial markets on the go.

Plus500’s range of trading platforms includes:

  • Plus500 Invest – This web-based trading platform is aimed at long-term investors who want to grow their capital over time. 
  • Plus500 CFD – This web-based trading platform is suitable for day traders, swing traders, and other types of traders and investors who want to capture profits from short-term price fluctuations. 
  • Plus500 App –  The Plus500 app has the same functionalities as the trading platforms described above and is ideal for all types of traders and investors.

Plus500’s extensive toolkit contains dynamic charting features, including drawing tools for technical analysis, pre-set indicators, multiple order types, and One-click or One-tap trading functionality. 

Additionally, users can access a broad range of educational material, daily technical and fundamental analysis, and +Insights, which provides detailed information about what other Plus500 traders and investors are trading or investing in.

Plus500 Platform and Features compared to other brokers

 

Broker eToro Plus500 Interactive Brokers TradeStation Saxo Bank
Number of stocks 3,112 1,900 87,000 15,000 22,000
Stock CFDs 2,000 1,900 7100 N/A 7700
Fractional Shares  No No Yes No No
Penny Stocks No No Yes Yes No
Education Resources Yes Yes Yes Yes Yes
Customer Support Email, Phone, Chat Email, Phone, Chat Email, Phone, Chat Email, Phone, Chat Email, Phone, Chat
Experience Beginner to Intermediate Beginner to Intermediate Intermediate to Professional Beginner to Professional Intermediate to Professional
Copy Trading Yes No No No No
Algorithmic Trading No No Yes Yes Yes
Popularity of the broker (number of users) 28,5m 280k 192k 165k 82k
Trading Fees
Stocks $0,00 $0,006 $0,00 $0,00 $0,01
Broker-assisted Fees N/A N/A $30 $0,00 $50
Inactivity Fese Yes Yes No Yes Yes
Funding Fees Yes No No Yes No
Account Minimum $200 $100 $0,00 $0,00 $2,000

Plus500’s stock trading fees are listed below.

  1. 0% Commission and competitive variable spreads via Plus500 CFD.
  2. $0,006 per US share via Plus500 Invest.

Plus500 does not charge deposit, withdrawal, or maintenance fees. However, users are subject to non-trading fees like currency conversion fees and inactivity fees ($10/month after 12 months of inactivity). This pricing model makes Plus500 one of the lowest-fee stock brokers in the industry. Note that all traders are subject to overnight funding fees and guaranteed stop-loss order fees.

The minimum deposit to open a live Plus500 account is $100 and the broker also has a free demo account available. Deposits and withdrawals are processed nearly instantly, and can be made by credit or debit card, bank wire transfers, and modern e-wallets like PayPal, Neteller, and Skrill.Plus500’s customer support is available 24/7 in English, Arabic, and over 10 other languages via email, phone, live chat, and WhatsApp. Additionally, users can request a callback or browse the extensive network of FAQ pages present on the official Plus500 website.

Key features

  • A broad selection of tradable assets – (nearly 2,000 stocks, CFDs stocks, and other asset classes)
  • Negative balance protection – Users never owe their broker more than their account balance.
  • Beginner-friendly trading platform and app – Plus500’s trading platforms and apps cater to beginner traders and investors and are easy to navigate and understand. Additionally, the broker has a free demo trading account available for beginners.
  • Competitive trading fees – (commission-free CFD trading and from $0,006 per US share).
  • Low swap rates and overnight funding fees – This means traders and investors get to keep more of their profits.
  • Wide selection of educational material – covering all sorts of topics, including technical and fundamental analysis, platform navigation, risk management, and general trading and investing tips and tricks.

Pros

  • Sleekly designed trading app that provides users with price notifications
  • Free demo account available
  • Commission-free forex and CFD trading and competitive US share pricing ($0,006 per share)
  • English and Arabic customer support is available 24/7 through multiple channels

Cons

  • No access to fractional shares, penny stocks, and social trading
  • No option to trade ‘’real’’ cryptocurrencies
  • Only US shares can be invested in
  • A relatively small selection of ‘’real’’ stocks compared to other brokers mentioned in this guide
Open account

CFD Service. Regulated by the DFSA. Trading carries risk.

3. TradeStation – Best for Active Traders

Tradestation Global logo

Rating: 4,9/5

BEST FOR: Active trading

LEVEL: Intermediate & expert

FEES: Low ($0 commission)

MARKETS: 5,000 stocks and ETFs

TradeStation is an online brokerage company, founded in 1982. They offer access to a wide range of assets including 5,000 international stocks, OTCBB penny stocks and 2,000 ETFs. Their trading platform has a variety of stock trading tools such as dynamic market-scanning tools, advanced order management tools, and fully customisable charts. Users have access through a web, desktop and mobile app (Android and iOS). Trade execution on the platforms is fast (under 0.040 seconds).

Research and analysis tools available on TradeStation are listed below.

  • Hundreds of indicators ( Hot Lists, Top Buys & Sells, News Feed)
  • Dozens of analytics tools (RadarScreen, Matrix, EasyLanguage)
  • Integrated Benzinga News Feed
  • A historical database of daily stock data (going back 50 years)
  • Intraday stock data (going back 28 years)
  • Daily market news articles

TradeStation has educational resources for beginners and advanced in the form of video series and educational articles.

TradeStation’s minimum deposit to open a live account is $500 (1,800AED). Deposits and withdrawals are available through ACH transfers, wire transfers, checks and online payments (credit/debit cards).

TradeStation’s customer support is available by phone, email and live chat in English and Arabic.

Key features

  • $0 commission/stock trades (up to 15,000 shares)
  • Vast market coverage (5,000 international stocks and ETFs)
  • Fast and reliable order execution
  • Great Fundamental Research and Analysis Tools
  • Extensive Charting Tools and Features
  • Access To Back-Testing and Automated Trading
  • Access To Penny Stocks  (OTCBB)

Pros

  • Fast and reliable trade execution
  • Algorithmic trading and stock day trading supported
  • Penny stocks available
  • Great trading simulator

Cons

  • Inactivity and funding fees

4. Interactive Brokers – Best Stock Trading Platform

Interactive Brokers

Rating: 4,9/5

BEST FOR: Trading platform

LEVEL: Intermediate & expert

FEES: Low ($0 commission)

MARKETS: 135 exchanges, 17,500 stocks, 8,500 CFDs

Open account Read review

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 an American brokerage firm, founded in 1978. They offer access to 135 international exchanges including real stocks (17,500), stocks as CFDs ( 8,500) and fractional shares. Their trading interface is easy to use. It features 100 different order types for beginner and advanced traders. Interactive Brokers users have extensive research and trading platforms have an intuitive design. (Trader Workstation and Client Portal.

Stock trading platforms available on Interactive Brokers are listed below.

  • Trader Workstation (desktop version) – is the desktop version suitable for experienced traders and institutional investors. It offers advanced trading tools (dynamic charting, a full-fledged news widget, option chains, detailed order flow information etc) and over 100 different orders types.
  • Client Portal (web version) – is suitable for casual traders and beginners
  • Impact App (mobile version) – is the stock trading app

All platforms are accessible through a desktop (TWS), web (Client Portal) and mobile version (Impact app). They offer vast customisation options. Trade execution is fast (under 40ms) and reliable.

The wide range of stock trading tools include watch lists, dynamic charting, a full-fledged news widget and detailed order flow information. Furthermore, users can access a vast selection of research and data providers for fundamental analysis including Fundamentals Explorer, Zack’s Investment Research, Market Realist and TheStreet.

Interactive Brokers Platform and Features compared to other brokers
Broker Interactive Brokers Sarwa Saxo Bank TradeStation eToro Plus500
Desktop Platform Yes Yes Yes Yes Yes No
Web Platform Yes Yes Yes Yes Yes Yes
Mobile Platform Yes Yes Yes Yes Yes Yes
Easy to Use Yes Yes Yes Yes Yes Yes
Watchlist Yes Yes Yes Yes Yes Yes
Market Depth/ Level 2 Yes Yes Yes Yes No No
Advanced Charting Yes Yes Yes Yes No No
Trading Alerts Yes Yes Yes Yes No No
Demo account Yes No Yes Yes Yes Yes
TradingView No No Yes No No No
Proprietary Platform Yes Yes Yes Yes Yes Yes
Social/Copy Trading No No No No Yes No

Interactive Brokers stock trading fees are listed below.

  1. $0.0 fees on the IBKR Lite account
  2. $0.0005 – $0.005/share on the IBKR Pro account

Interactive Broker does not charge withdrawal, inactivity or maintenance fees which makes them rank among the lowest fees stock brokers in the industry.

The minimum deposit required to open a trading account at Interactive Brokers is $0. Deposit and withdrawal options are limited to bank wire transfers and credit cards in any currency.

Interactive Brokers customer support is available via phone, email and live chat from 8 a.m. to 8 p.m. (Monday through Friday).

Key features

  • Vast Market Coverage (17,500 shares and 8,000 stocks as CFDs)
  • Wide range of  trading platforms and features 
  • Wide range of research tools and data for fundamental analysis
  • High trade execution speed (under 40ms)
  • Competitive stock trading fees ($0 on US listed stocks)
  • Low Margin loan rates on stocks (from 1.3%)
  • Access to fractional shares

Pros

  • Best market coverage in the industry
  • Intuitive mobile trading app
  • Day trading, scalping, algorithmic and automated trading allowed
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options

Rated as: the go to stock trading platform in the UAE

Open account

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.

5. Saxo Bank – Best High Volume Broker

Saxo

Rating: 4,9/5

BEST FOR: High Volume Trading

LEVEL: Advanced

FEES: Low ($1/share)

MARKETS: 30,000 stocks & 19,000 CFDs

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

Saxo Bank is a Danish investment bank, founded in 1992. They offer access to a wide range of markets (core and emerging) including 30,000 stocks and 19,000 stocks as CFDs. Their trading platforms have an easy to use interface. Access is available through a web, desktop and mobile app.

Saxo Bank availability of assets compared to other brokers
Broker Interactive Brokers Sarwa Saxo Bank TradeStation eToro Plus500
Stocks 87000 3000 22000 15000 2000 1900
Penny Stocks Yes No No Yes No No
Fractional Stocks Yes Yes No No No No

Trading platforms available at Saxo Bank are listed below.

  • SaxoTraderGO (web app) – for average traders
  • SaxoTraderPRO (desktop app)– for professional traders
  • SaxoTraderGO (mobile app) – for mobile trading available on Android and iOS

All platforms support a variety of research tools including fundamental data sources (current and historical), trading ideas (in the form of recommendations and analysis), news feeds ( including economic calendar) and stock screeners. Users are allowed to implement the following third party integrations: TradingViewDynamic TrendUpdataMultiCharts and connectivity via APIs (for automated trading). Charting tools are versatile, offered in different versions, drawing tools and indicators.

Saxo Bank charges stock trading fees of $1/share. The broker charges high inactivity fees of $100/180days. They don’t charge any management or custody fees.

Saxo Bank requires a minimum deposit of $2,000 for UAE clients. Deposits and withdrawals are available through bank transfers and debit/credit cards.

Saxo Bank customer support is available by email, live chat, and phone 24/7.

Key features

  • Access to a wide range of markets (30.000 shares and 19,000 stock CFDs)
  • Competitive stock trading fees (from $0.001/share for active traders)
  • Access to advanced order types ( market, limit and stop orders)
  • Wide range of stock trading tools (watch lists, screeners, alerts, risk management tools)
  • Extensive stock research tools and data (trade ideas, stock screeners, indicators)
  • Fast and reliable trade execution (of under 30ms)
  • Great education and research materials (videos, analysis, podcasts, headlines)

Pros

  • Industry leading market coverage
  • Fully customisable trading features on SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Day trading, scalping, algorithmic and automated trading allowed

Cons

  • $2,000 minimum deposit for UAE users
  • Time intense for set up
Open account

69% of retail investor accounts lose money when trading CFDs with this provider.

6. Sarwa – Best Full Service Stock Broker

Sarwa logo

Rating: 4,2/5

BEST FOR: Long Term Investing

LEVEL: Beginner & Intermediate

FEES: Low ($0 commission)

MARKETS: 4,000 stocks & ETFs

Sarwa is an UAE based online brokerage, regulated by the FSRA and ADGM. They offer clients access to a variety of trading services including automated investing, self-directed trading and financial advisory. Sarwa’s platform has an intuitively design for starters. Beginners trading tools include easy buy/sell options, watch lists and simple order types (Market & Limit orders).

Sarwa’s trading platform (Sarwa Trade) allows users to trade on 4,000+ international stocks and ETFs. Users can trade with stocks in bulks or smaller fractions (as fractional shares).

Sarwa charges $0 commissions on stocks. The broker does not charge conversion, withdrawal or inactivity fees. This makes Sarwa a low cost stock broker.

The minimum deposit required at Sarwa is low ($0). Deposits and withdrawals are allowed in AED (no conversion fees apply). Funding options at Sarwa are limited to bank wire transfers.

Key features

  • Low stock trading fees ($0 commission)
  • Wide range of assets (4,000 stocks & fractional shares)
  • Easy to use trading interface
  • Direct AED Deposits
  • Simple buy and sell options
  • Regulated by the DFSA and FSRA
  • 0$ Minimum Deposit

Pros

  • Local offices in Dubai and Abu Dhabi
  • Great for beginners and long term investors
  • Self directed and automated trading allowed
  • Access to free financial advisory services
  • Deposits in AED allowed (no conversion fees)

Cons

  • Limited Research and educational tools
  • Penny stocks are not available
  • Algorithmic trading is not support

How to Find The Best Broker For Stock Trading in UAE?

Criteria for finding the ideal online stock broker and trading platform are listed below.

Availability of Stock Trading Instruments and Exchanges

Brokers with access to a wide range of stock trading instruments and exchanges should be preferred. They allow deverzification, flexibility and increases chances for profit. Instruments to be considered are real stocks, CFD stocks, fractional shares, penny stocks, REIT stocks and ETFs.

Number of different stocks and markets of the top brokers are compared in the table below

eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Stocks 3112 1900 15000 87000 22000 3000
Penny Stocks No No Yes Yes No No
Fractional Stocks No No No US and European markets No US market
Markets 6 25 5 83 50 2
Short Selling Yes Yes Yes Yes Yes Yes
Margin Stocks No Yes Yes Yes Yes No
Stock CFDs 2000 1900 N/A 7100 2000 N/A

Stock Trading Fees and commissions

Two types of fees need to be considered: trading fees (commissions) and non-trading fees (overnights, conversion fees, deposit and withdrawal fees). Brokers with $0 commissions and low overall fees should be preferred.

Fees and commissions of the top rated brokers are compared in the table below:

eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Deposit 0 0,045 % (min. 2 GBP) 0 0, 0 0
Withdrawal $5,00 0 0 One free per month 0 0
Inactivity After 12 months $10/month After 3 months $10 $50 per year if less than 5 trades are placed in one year $100 if no trades in 6 months 0
Account Free if you meeet account minimum activity 0 0
Broker assisted N/A N/A $25.00 $30.00 $50.00 $0.00
US Stock From $0 $0.01 $0,00 From $0 $0.02/share From $0
German Stock From $0 0,045 % (min. 2 EUR) $5 per trade 0,05% 0,10% N/A
UK Stock From $0 0,045 % (min. 2 GBP) $5 per trade 0,05% 0,10% N/A
Japanese Stock From $0 N/A N/A 0,05% 0,15% N/A

Fundamental and Technical Analysis Tools

They allow traders different perspectives on stocks potential for growth. A wide range of fundamental and technical analysis tools are offered by brokers. Access to historical data, accuracy & reliability of data and personal preferences should be considered for broker selection.

Fundamental and technical analysis tools of the top rated brokers are compared in the table below

eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Trading Signals No No No Yes No No
Market reseach tools Yes Yes Yes Yes Yes No
Daily news Yes Yes Yes Yes Yes Yes
In-depth Market analysis Yes Yes Yes Yes Yes No
Market screeners No Yes Yes Yes Yes No
Dividends calendar No Yes No Yes Yes No

Stock Trading Tools

Brokers have various tools for stock trading. It is important to consider availability of trading features based on trader personal preference.

Stock trading tools of the top rated brokers are compared in the table below.

Broker eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Desktop Platform Yes No Yes Yes Yes Yes
Web Platform Yes Yes Yes Yes Yes Yes
Mobile Platform Yes Yes Yes Yes Yes Yes
TradingView Intergration No No No No Yes No
Watchlist Yes Yes Yes Yes Yes Yes
Orderbook No Yes Yes Yes Yes Yes
Market Depth/ Level 2 No No Yes Yes Yes Yes
Advanced Charting No No Yes Yes Yes Yes
Trading Alerts No No Yes Yes Yes Yes
Demo account Yes Yes Yes Yes Yes No
Social/Copy Trading Yes No No No No No
Algorithmic Trading No No Yes Yes Yes No
Strategy Tester No No Yes Yes Yes No
Scalping Yes Yes Yes Yes Yes Yes

Deposit and Withdrawal Methods

Brokers with preferred deposit and withdrawal methods should be preferred.

Deposit and withdrawal methods of the top rated brokers are compared in the table below.

Brokers eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Deposit methods Bnak transfer, Credit/Debit Card, eWallets Bnak transfer, Credit/Debit Card, Paypal, Skrill, Google Pay Bank transfer Bank Transfer Bank transfer Bank transfer

Reputation of top choices compared

Reputable brokers offer a safe, transparent and competitive trading environment. The following criteria help choosing a reputable broker: number of users, number of positive user feedback & reviews, number of tier-one licences and scam free track record.

Number of users of the top rated brokers are compared in the table below

Broker eToro Plus500 TradeStation Interactive Brokers Saxo Bank Sarwa
Popularity of the broker (number of users) 28.5M 280k 165k 192k 82k 100k

Selecting the right broker helps users to save on fees (commissions) and increases the overall chances of profit.

Is a NIN Investor Number Required To Trade With Stocks in UAE? 

Investors need to apply for a NIN investor number only if they want to trade with UAE stocks listed on the DFM, ADX or Nasdaq Dubai stock exchange. More information are available in this guide on how to buy stocks in UAE.

What Are The Biggest Stock Exchanges in UAE?

The biggest stock exchanges in UAE are listed below.

  1. the Dubai Financial Market, or DFM for short, 
  2. the Abu Dhabi Securities Exchange, or ADX for short, and 
  3. the NASDAQ Dubai.

What Are The Different Stock Brokerage Accounts Available in UAE?

There 3 different stock brokerage accounts available in UAE are listed below.

  • Local stock brokers: is only available for people living in the UAE (both natives and expats). The Ras Al Khaimah Investment Authority (a UAE government agency) can be used instead.
  • A UAE bank brokerage accounts: UAE bank accounts are available to both foreigners and nationals living in the UAE and allow users access to self directed trading and professional managed investing
  • Online stock brokers: allows self directed trading, access to international markets and total control of investment through the same dashboard.

How Is Stock Trading Regulated In The UAE?  

The United Arab Emirates (UAE) is a federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah). Stock trading regulation in UAE has two regions: the Dubai International Financial Centre (DIFC) and the rest of the UAE.

Dubai International Financial Centre (DIFC) is an economic free zone in Dubai, founded in 2002. It is regulated by the Dubai Financial Service Authority (DFSA). The DFSA oversees all financial activities in the area, including trading with stocks.

The rest of the UAE is regulated by the Securities and Commodities Authority (SCA). The SCA is a federal government agency established in 2000. It overseas financial activities on security and commodity markets (exchanges) in UAE including the Dubai Financial Market (DFM), the Abu Dhabi Securities Exchange (ADX) and NASDAQ Dubai. The SCA issues licences to stock brokers in UAE that meet their regulatory requirements (minimum capitalisation, risk management, client fund segregation, reporting and disclosure).

The UAE treats stock brokers as financial companies, meaning they are subject to the same safety requirements and standards of regulation. In order for a stock broker to be licensed in the UAE, they need to pass regulatory requirements by one or all of the 4 local financial authorities:

Watch the short video recap below:

Conclusion 

The growing number of online stock brokers in UAE offering different platforms and conditions makes finding the ideal choice for individual needs difficult. Comparing and evaluating offers of different providers is essential to avoid scam brokers but requires time and effort.

This guide takes some of the work off users shoulders by evaluating top brokers for different types of traders and investment goals. The results of our analysis of the best stock trading platforms in UAE are wrapped up in the table below.

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

RANKBROKERPLATFORM SCORETRADING FEES & COMMISSIONSNr. OF STOCKMIN. DEPOSITRECOMMENDED FOR
#1eToro4.9/5$502800 stocks/
2800 CFDs
180 AED/
$50
Beginners
#2Plus5004.9/5$0.0061900 stocks/1900 Stock CFDs300 AED/ $100Mobile trading
#3Interactive Brokers4.9/5$0.005/share16,500 stocks/
8,000 CFDs
0 AEDAverage to Advanced Traders
#4Tradestation4.9/5$05,000 stocks/
No CFDs
7,300 AED/
$2,000
Day Traders and Scalpers
#5Saxo Bank4.9/5$1.0/share30,000 stocks/
19,000 CFDs
AED 7.300/
$2,000
Institutional Investors
#6Sarwa4.2/5$04,000+ stocks/
No CFDs
AED 0,00Long Term Traders

Based on the findings from our review and comparison, we consider eToro as the most recommendable stock broker in UAE. It offers a wide range of stocks, 0$ commission, copy trading features and great customer support.

FAQ

Are online stock brokers safe?

Online stock brokers are safe if they are regulated by tier one financial authorities. Online stock brokers in UAE are regulated by the SCA or DFSA.

Are online brokers available at any time?

Yes! Online brokers are available 24/7.

Which Is The Best Performing Stock Trading App in UAE?

The best stock trading app is eToro. It is accessible on Android and iOS. It has an intuitive trading interface with easy buy and sell options.

Do You Need a Broker to Buy Stocks in UAE?

In order to buy stocks in UAE you need a stock broker (local broker or online stock broker). A list of local stock brokers for UAE is available on the DFM website.

Which Is The Biggest Stock Exchanges in UAE?

The Dubai Financial Market (DFM) is the biggest stock exchange in UAE.

How Can I Trade Stocks in UAE?

You can trade stock in UAE through an online stock broker, a local UAE stock broker or though a local UAE bank.

What Are The Three Different Types of Stock Brokers?

Stock traders can choose between online stock brokers and regular stock brokers with a stock brokerage license or a bank.

How To Invest in US Stocks From UAE and Dubai?

The most common way to invest in US stock from UAE and Dubai is by using a online stock broker.

Can I Invest in The UAE Stock Market as Tourist or Expats?

Everyone can invest in the UAE stock market with a valid NIN number.

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. 51% 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

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site is registered on wpml.org as a development site.