Best Trading Platform In Oman

Do you want to find the best trading platform in Oman?

Our reviews use a database of 105 online brokers and 9 categories to reveal the Best Trading Platform in Oman. The categories we use include: assets, fees, customer support, regulation, platforms, deposits & withdrawals, mobile trading apps, research & education, and Islamic account availability.

Using 214 variables and 3500 data points, allows us to show you the Best Trading Platform in Oman.

The Top 5 Online Brokers For Omani Citizens 

The list below reveals the top online brokers for Omani citizens. We use a Trust Score Ranking System and several data points.  

The leading online brokers for Omani citizens are: 

• AVAtrade is best trading platform
• Capital.com is top choice for traders looking for a discount broker
• Sarwa is for both beginner and professional traders
• Interactive Brokers is best broker for professional tools
• Saxo Bank has the best comprehensive offer

Best Online Trading Platforms for Oman

TOP 5 Trading Platforms In Overview:

1. AVAtrade – The Best Web Trading Platform

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

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71% of retail CFD accounts lose money

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.

Besides 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

• Great Research and Educational tools
• Great Customer support
• Good choice of social trading options

Cons

• Comparing others relatively few trading instruments are offered;  offers Forex, CFDs and Binary Options

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

2. Capital.com – Top choice for traders looking for a discount broker

Rating: 4,8/5

Min Deposit: $20

Fees: 4.8

Assets available: 4.7

Total Fees:

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79.17% of retail CFD accounts lose money

Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.

Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.

Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.

Pros

• Newsroom grade educational videos and analysis
• Award winning education and research section
• New age mobile trading app
• Real time market updates and price alerts
• Hedging and risk management tools

Cons

• MT4 and MT5 not available
• Market access is industry average

Key features

• Access to 6.000 tradable symbols and 477 cryptocurrency CFDs
• High quality research and educational content
• Patented AI trade bias system
• $20 minimum deposit
• No inactivity fees

3. Sarwa – Suitable for both beginner and professional traders

Rating: 4,2/5

Min Deposit: $5

Fees: 4.5

Assets available: 4.5

Total Fees:

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Sarwa, founded in 2017, is the most popular DFSA and FSRA-regulated Robo-Advisor for both beginner and professional Dubai-based investors. It features an automated trading platform that offers investors the opportunity to invest in multiple mutual funds and ETFs or trade the markets themselves according to their risk appetite. 

Sarwa has low trading fees, offers personalized investment options, and is backed by robust technology, making investing and portfolio management easy and accessible to its users.  

Pros

• Suitable for both beginner and professional traders
• Option to visit their offices in Dubai or Abu Dhabi and receive direct investment advice
• Competitive trading fees

Cons

• Few banking options

Key features

• Invest in or trade over 2,000 US stocks, ETFs, and cryptocurrencies
• 5 differently diversified portfolios available to invest in
• Physical offices in Dubai and Abu Dhabi
• Well-suited for both beginner and advanced traders and investors
• Multiple order types available
• Access to historical and real-time price data
• Transfer money without paying any fees from local UAE bank accounts

4. Interactive Brokers – Best For Professional Traders

Rating: 4,9/5

Min Deposit: 0 ($2000 for margin account)

Fees: 4.9

Assets available: 4.9

Total Fees:

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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

• Best market coverage in the industry (100k+ assets on different instruments)
• Access to 16,500 shares and 8,000 stocks as CFDs
• Professional trading platform suitable for different types of traders
• Intuitive and easy to use mobile trading app
• Industry leading fee structure
• Compatible features for casual and professional traders
• Responsive customer support

Cons

• Few deposit and withdrawal options
• Research and education materials missing

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

5. Saxo Bank – The Most Tradable Assets

Rating: 4,9/5

Min Deposit: $2000

Fees: 4.7

Assets available: 4.9

Total Fees:

Open account Read review

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

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

Pros

• Industry leading market coverage
• Excellent Trading Features with SaxoTraderGo
• Advanced order type and account protection features
• Intuitive and easy to use mobile trading app
• Great education and research materials
• Competitive fee structure for active traders

Cons

• $10,000 minimum deposit for UAE users
• High time investment to set up
• Only for advanced traders

Key features

• 40.000 tradable symbols available (crypto derivatives, forex options and futures)
• Advanced account protection and order types
• Fast execution of trades
• $2.000 minimum deposit
• “Best in class” educational resources
• Great ease of use level combined with advanced features

How We Chose The Top International Trading Platforms For Omani Residents?

We choose the Best Trading Platform in Oman by using data from 105 online brokers in 9 different categories. The categories we use are: research & education, assets available, platforms, costs, withdrawal & deposit, copy trading, customer support, regulation, mobile apps, and Islamic account availability.

*Islamic Accounts: The Best Trading Platforms in Oman have Sharia compliant accounts that don’t charge interest. 

Which is the best Mobile Trading App in Oman?

Our research shows that AVAtrade, Interactive Brokers, Capital.com, and Saxo Bank have the best mobile trading apps in Oman. All the apps work on iOS and Android, and they are free. 

Consider these brokers for mobile trading:

• AVAtrade
  offers its own trading app, AvaTradeGo, and the mobile versions of MT4 and MT5. AvaTradeGo is similar to the desktop version, and if you like AVAtrade’s platform, the mobile app will be great. 
  
• Interactive Brokers
  offers two apps, IMPACT, made for stocks and crypto, and IBKR, for all other assets. IBKR has loads of customization features, but it isn’t simple for new users to understand. If you need a mobile trading platform with loads of features IBKR makes sense. 
  
• Capital.com
  gives its clients the mobile version of MetaTrader 4 (MT4), and a trading app it created. You can choose which app to use. The broker also gives its clients its Investmate education app. 
  
• Saxo Bank
  created SaxoTraderGO, for both desktops and mobile devices. The markets on the mobile version of SaxoTraderGO are identical to the desktop, and traders can use charts, advanced market data, and limit orders with the app. You can use the mobile version of MT4 with Saxo, but it offers less tradable assets. 

Online trading in Oman

Trading online with a top-tier broker allows you access to global markets, like ETFs, stocks, CFDs, commodities, bonds, and mutual funds. 

The Capital Market Authority of Oman regulates financial markets in Oman, but the best brokers in Oman are offshore. 

There are no restrictions on traders in Oman if they choose to trade offshore, but there are KYC checks when opening an account. 

You can ask the Capital Market Authority of Oman about the broker you like, and see if they have a registered local office.

How to Open a Brokerage Account in Oman?

It’s easy to open an offshore brokerage account in Oman, you will need legal ID like a passport or driver’s license, a bank account, and proof of address. 

STEP ONE: Choose one of the brokers we recommend, make sure you have the minimum deposit, and open the account online. Look for the correct account type if you need an account compliant with Sharia law.  

STEP TWO: You will need to pass a KYC check, and you need KYC documents, like your passport, and proof of address. After you pass a KYC check, fund your account. 

Look at the funding methods you can use, so you don’t have expensive surprises. Funding an offshore account with a wire transfer isn’t cheap for small amounts of money, and a payment platform like PayPal makes more sense. 

STEP THREE: Now you can fund your account, and start trading. Remember to look at the educational resources your broker offers, and learn about the platform before you trade. 

All the brokers we review have demo accounts and educational material. Use the demo account to practice trading before you use real money. 

Points to consider before you get started

Anyone in Oman who isn’t a seasoned investor should consider a few important things before trading or investing. 

Here are three things to think about:

• Your Goals 
  Every investor has goals, so when you invest, think about your goals before buying anything. Your investment philosophy also impacts your broker selection, because some brokers are better for day traders, and others are a better fit for long term investment. For example, a broker that sells ETFs and mutual funds is better for long term investors, and to a broker that sells CFDs is better for traders. 
  
• The Asset Question 
  There are many ways to invest and trade, and the assets you choose to buy need to fit how you want to trade or invest. For example, if you want to day trade, you should look for a broker that allows you to use leverage, and sells derivatives, like CFDs. On the other hand, if you want to save for retirement, a broker selling ETFs is the better choice. 
  
• Are You an Active Investor? 
  Active investors should look at fee structures, and how often they can trade. Some people want to trade daily or weekly, and others buy assets and hold them for years. When you choose a broker, consider how often you plan to trade. If a broker has low fees, but you don’t buy assets often, the other aspects of the broker, like custody, are more important. 

Final Verdict 

After reviewing 105 brokers across 9 categories, we think AVAtrade is the Best Trading Platform in Oman. AVAtrade has a solid platform, a good fee structure and full time customer support. Investors can buy ETFs, stocks, mutual funds, futures, commodities, options, and more with AVAtrade.