Top 6 Stock Brokers For Citizens of the United Arab Emirates (UAE)
With nearly 60 international brokers available to citizens of the United Arab Emirates, figuring out which one is the best one for you can be unbelievably time-consuming. We decided to do the research for you, and we’ve narrowed it down to these top 5 brokers.
Top 6 Stock Brokers
- IQ Option – With many great research tools, a wide range of products, and top-tier regulation, Interactive Brokers is our top choice.
- Plus500 – High-quality research tools, a vast asset catalog, and a user-friendly trading platform make Saxo Bank a reliable second option.
- eToro – Tradestation offers low fees on ETFs and stocks, exceptional educational materials, and both web and mobile platforms.
- AVAtrade – Swissquote has a long history of stability and wide-ranging access to multiple markets (plus a $0 inactivity fee).
- XM – In a word: easy. Easy account opening; easy-to-understand fees; easy-to-use trading platform.
- Pepperstone – Best technical tools and research
Brokers In Overview
With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks, binary options, cryptocurrencies etc.
The trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate.
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).
eToro is an established social trading company, 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 has been awarded as the best social trading platform – social trading means you can follow other traders and copy their investment strategies.
AFSL 491139. High risk to capital.
EASIEST TO USE: AVA Trade
For a start, Avatrade boasts some pretty impressive business statistics, facilitating over two million transactions every month, with total values regularly exceeding $60 billion in value. These transactions aren’t only limited to forex trading, but extends to other financial instruments such as digital currency, bonds, different binary options and CFDs.
BEST OVERALL: XM Trade
XM.com is part of a much larger organization called the Trading Point of Financial Instruments UK Limited. This organization created the exam group in 2009, which then founded XM.com, which is now one of the best established and well-known investment firms in the world.
With over 1.5 million clients in 196 countries, the XM global company focuses on three core principles:
Be big, Be fair, Be human.
Since opening its doors in 2010, Pepperstone Group has become one of the best brokerages in the Australian financial industry. They have built a full-featured trading portal with highly competitive benefits that focuses on indexes, Forex, and commodity instruments. A wide variety of web-based, desktop, and mobile trading platforms accessible by multiple account types is attractive to novice traders.
How To Choose A Good Broker
There are six main variables to consider when choosing an online broker. Those variables are:
- Safety score
- Account opening
- Depositing money
- Product and market access
- Trading platform
While it may be easy to list these main categories, it’s surprisingly tricky to assess a broker across all of these different categories fairly. That’s why we built a methodology that analyzes each of these six categories using more than 100 pieces of criteria. Keep reading to find out how it all fits together and what you need to know to make an informed choice.
What is an online broker?
Until very recently, trading stocks was a complicated, time-consuming task. If you wanted to purchase stock in a company, you would have to call your broker on the phone and ask them to buy that stock for you. They would then make another phone call to the trading floor where a trader would purchase your share for you. If you’ve ever seen the movie “Wolf on Wall Street,” you already have a visual picture of the chaos that is the trading floor on Wall Street.
With the advent of the Internet and online brokers, that process has been significantly simplified and accelerated. Today, if you want to buy a share in Google, for example, you can pick up your phone, open an app, tap buy, and own more stock in less than a minute. That’s why online brokers are proliferating today.
Are all online brokers safe?
Sadly, no. And that’s one of the reasons why we built this comparison. It can be very tedious and time-consuming to sift through the hundreds of online broker offers to determine which ones are safe. None of the five brokers listed in this article are scams. They’re all highly regulated, most are listed on an exchange, and a few even have banking licenses. All of that together means that your money is as safe as it can be with them.
But we don’t want to overstate a promise here. No brokers are perfect, and some brokers can start well and then “go bad” over the years (e.g., the Lehman Brothers). Because of situations like these, most countries have “compensation funds,” which will reimburse you for money lost if a broker breaks the law and steals your assets. However, this protection only exists with regulated brokers (which is why all of our brokers are regulated).
Five criteria for choosing the best international brokers in the United Arab Emirates
In our methodology, we evaluated more than 60 brokers across more than 100 different criteria. This evaluation took our team weeks of work and analysis to come to these conclusions. (Aren’t you glad we did that for you?)
The five most important aspects for identifying a safe online broker are:
- Account opening;
- Deposit and withdrawal;
- Products and markets;
- Trading platform
Each of these criteria can change drastically between brokers. For example, some brokers may charge 5000% more than the next broker for the same service. At first glance, that may seem like an obvious choice to go with the lower fees. However, there are often other services with the same brokers where those fees are inverted.
The only way to know which broker is best for you is by doing a thorough and complete evaluation across all five of these criteria.
In our broker comparison, Interactive Brokers came out the clear winner. Especially for citizens of the United Arab Emirates, Interactive Brokers has a wide range of products, is regulated by several authorities, and has many great research tools.
So here’s what you need to do…
Step 1 – Evaluate which of these brokers best serves your needs…
Step 2 – Click on the link to their offer!
To summ it up! This are the top 6 Brokers for stock trading
#1 IQ Option – Best online broker
#2 Plus500 – Best forex broker
#3 eToro – Best app for stock trading
#4 AVAtrade – Swiss investment bank
#5 XM – Best mobile trading platform
#6 Pepperstone – Best technical tools and research
- 1 Top 6 Stock Brokers For Citizens of the United Arab Emirates (UAE)
- 2 Brokers In Overview
- 3 How To Choose A Good Broker