Home Stock Trading Best Stock Brokers in UAE | Award Winners of 2022

Best Stock Brokers in UAE | Award Winners of 2022

11400
0
Regal Wallet Banner

The best stock brokers in the UAE are eToro, AVATrade, Interactive Brokers, Pepperstone, Saxo Bank and XM. Each of these brokers offers excellent research tools and a wide range of products. eToro is a good choice because of its well-rounded offering. Some UAE traders prefer the simplicity of the Pepperstone platform. Experienced traders will choose the premium trading experience at Saxo Bank. 

This article discusses the best stock market brokers in the UAE. 

Top 6 Stock Brokers For Citizens of the United Arab Emirates (UAE) 

This review uses a Trust Score Ranking system. The brokers mentioned below are the leading stock broker UAE: 

  • eToro – is the leading social trading broker.
  • AVAtrade – has the best web trading platform with low spreads.
  • Interactive Brokers – Advanced Educational And Research tools 
  • Pepperstone – is the leading stockbroker with professional technical tools.
  • Saxo Bank – best for Advanced Traders
  • XM – has the best trading platform with Arabic support and low spreads for UAE citizens.
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroMulti-asset, features-rich trading platform4.9/5Leading social trading broker.Official website
#2AVAtradeDeposits and withdrawals are free of charge4.8/5Best web trading platform with low spreads.Official website
#3Interactive BrokersZero commission trades4.9/5Advanced Educational And Research tools Official website
#4PepperstoneAward-winning set of educational tools4.8/5Leading stockbroker with professional technical toolsOfficial website
#5Saxo BankHigh-quality in-house research4.9/5Best for Advanced TradersOfficial website
#6XMFor beginning and experienced traders4.7/5Best platform with Arabic support and low spreadsOfficial website

TOP 6 Stock Broker in Overview: 

01. eToro: The Top Social Trading Broker

etoro-login

eToro is a safe online broker regulated by top-tier financial regulators. It is known for its multi-asset, 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 different tradable assets including stocks, currencies, indices, and commodities, but most are only available as CFDs. Trading spreads are wide; deposits are free. 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.


02. AVATrade: The Best Web Trading Platform With Low Spreads 

avatrade-logo

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 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 a trusted broker with a long operational history.


03. Interactive Brokers: Advanced Educational And Research tools 

interactive-brokers-rating

Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero commission trades, great variety of trading tools and leading pricing for professionals. We recommend it to casual investors and advanced traders.

Interactive Brokers offers access to 135 global markets in 33 countries. Its portfolio is vast and has 68 distinct order types including: Stocks, Options, Futures, Bonds. All these assets are available in 31 currencies. Professional traders enjoy the industry-leading low fees and low margin rates. It has premium trading platforms for Day, Mobile, Options, and Futures traders.  Both casual and beginner traders can use this broker’s platform. It is straightforward and has diverse research and education tools.  


04. Pepperstone: Best Technical Tools

pepperstone-rating

Based in Melbourne, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including CDF’s in forex, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced. Pepperstone offers MetaTrader, cTrader and TradingView trading platforms with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps.

Pepperstone has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools. Their research is better than average. Their customer service is fast and reliable. It is available through 24/5 phone and online chat support plus an extensive FAQ web section, and e-mail.


05. Saxo Bank: Best For Premium Traders

saxo-bank-logo

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.


06. XM: The Best Trading Platform With Arabic Support

xm-forex-logo

XM.com is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities 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.


Frequently Asked Questions  

We review all stock brokers using real accounts and real money. Our analysis uses 105 data points across several categories, including safety, customer service, and research tools. Read about our reviewing techniques in our Methodology section. 

How We Identify A Reliable Stock Broker?  

Account safety and security are essential to any form of trading and a key aspect of our research. All six of the brokers listed in this article have licenses from top-tier authorities. Security, platform reliability, fee transparency, and asset variety are critical points for evaluating broker reliability.

Safety Risks For UAE Citizens

Trading stocks in the UAE is legal and experienced traders select an online broker licensed by a foreign authority. The ASIC, FCA, and CySEC are the most popular forex trading regulators for UAE citizens. The brokers listed above have top-tier licenses.

What Is The Financial Regulatory Authority In The UAE?  

Financial regulatory bodies in the UAE are the Dubai Financial Market and Abu Dhabi Securities Exchange. Both operate under the Securities and Commodities Authority regulations. 
The SCA focuses on investment awareness and transparency. It collaborates with the Dubai Financial Services Authority, which oversees financial activity in the UAE.

How We Chose The Top International Forex Brokers For UAE Residents?   

We choose the The Top International Forex Brokers For UAE Residents based on several criteria including Cost, Account, Withdrawal and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Costs:  The best stock brokers for UAE residents have a transparent fee structure. Some brokers have higher fees than others. Read our in-depth reviews to learn about trading costs. 
Account:  Account types differ from one stock broker to another. UAE brokers have a single account type. Others have several account tiers. Check what type of account you need at your broker by reading our in-depth reviews. 
Withdrawal and deposit:  Traders like withdrawing to be fast and simple. Brokers request a minimum deposit fee. Others won’t require an initial deposit for creating an account. Verify which stock market brokers have the best withdrawing and depositing process for your trading needs in our in-depth reviews. 
Market and products:  Market and product availability vary from one stock broker to another. Read our in-depth reviews to learn about stock market brokers in UAE.
Trading platforms:  Traders like user-friendly platforms. Select a stock broker with a straightforward platform. The brokers included in this review have powerful platforms which are challenging to use for beginner traders. Read our reviews to identify which platform suits your trading needs. 

How to select a stock broker?

Selecting a stock broker is straightforward if you use specific criteria. Our in-depth reviews provide insights into the best stock brokers in the UAE.
Fees
Each stock broker follows a specific fee structure. Some online brokers have expensive fees, while others don’t charge much on trades. Inactivity fees should be considered. Most brokerage firms charge a high commission for inactive accounts. Read our in-depth reviews to learn more about online brokers and fees.
Regulation
A secure stock broker contributes to a premium online trading experience. Top-tier licenses ensure a broker follows the best safety measures. Check our in-depth reviews to read more about brokerage firms and top-tier licenses.
Customer Service
Customer support is important in online trading. Rapid and knowledgeable customer service is more than necessary. Before selecting a stock broker, you should check its customer support channels.
Funding
Funding a brokerage account must be simple and transparent. Each stock broker has its own deposit and withdrawal methods. Read our in-depth reviews to learn more about online brokers and funding methods.

How to trade stocks?

Investing in stocks is a popular choice among traders. Investors choose from three major asset categories: stocks, mutual funds, and ETFs. These are created to diversify an investor’s trading portfolio. UAE residents should check the asset portfolio available with a broker before starting trading. Our in-depth reviews discuss UAE stock brokers and their offerings.

Which is the stock trading regulation in UAE?

Regulation of securities and financial markets in the UAE might seem confusing. Overall, there are two primary regulatory schemes: the UAE federal law and the scheme issued by 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 a trustworthy stock broker in the UAE.

Which stocks should a beginner buy?

New investors might benefit from investing in blue-chip stocks. These represent shares in well-established companies like Amazon and Apple.

Which is the simplest way to purchase stocks?

To buy stocks, a trader needs to open a brokerage account and fund it. You’ll have to choose a trustworthy stock broker and submit personal information. After your account is approved, you are allowed to start trading.

Do online brokers also provide banking services?

No, online brokers only facilitate the buying and selling process. They do not offer additional financial planning or banking services.

Are online stock brokers safe?

If you opt for a highly regulated stock broker, online trading is safe. Remember that online trading comes with some risks depending on your skills and experience. Read our in-depth review to learn more about choosing a trustworthy stock broker.

Final Verdict  

eToro, AVATrade, Interactive Brokers, Pepperstone, Saxo Bank and XM are the best stock brokers. Each broker listed above offers professional trading tools and research options. eToro is our top choice because of its well-rounded offering. Traders looking for advanced trading tools will prefer AVATrade. Read about their services in our in-depth reviews. 


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. Trading platform, fees, mobile trading, payments, assets, regulation,
education and research are all part of our six-month evaluation of a broker’s account.The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were 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.

Disclaimer
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.

Previous articleBest Trading Platforms in UAE & Dubai 2022
Next articleHow To Buy Dogecoin In The UAE
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here