Best Trading Platforms in UAE For Beginners 2024 (UPDATED)

Page Summary

This guide helps users to find the best trading platforms in UAE for beginners. There are numerous online brokers available in the UAE for new traders, and it is often hard to separate the “wheat from the chaff” when choosing the best suitable platform for certain financial goals, needs, and trader personalities.

Proper research, comparison, and background check on different brokers can help traders and investors avoid selecting a platform with a complex interface, inconvenient trading features, high fees, and poor customer support.

This guide assesses 68 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 trading platforms in the UAE for beginners is shared below, followed by detailed reviews and comparisons.

Top 5 Beginners Trading Platforms in UAE

  1. eToro – Best Overall Trading Platform in UAE for Beginners
  2. AVAtrade – Top For Forex Traders
  3. Plus500 – Best for Mobile Trading
  4. Pepperstone – Ideal CFD Platform
  5. Interactive Brokers – Great for Stock and ETFs
  6. Sarwa – Best Full Service Stock Broker in UAE

Top Brokers For Beginners in UAE Compared

Key features of online broker with the highest rated platforms for beginners are compared in the table below.

Broker eToro AVAtrade Plus500 Pepperstone Interactive Brokers Sarwa
Min. deposit UAE
$50

$100

$100

$0

$0

$0

Available assets
Stocks & ETFs,
Forex,
Crypto..
Fx pairs:49
FX options:0
Stocks:5,000
ETFs:264
Cryptos:32
Indices:250
Commodities: 54

Forex,
Options,
CFDs..
FX pairs: 62
Options:44
Stocks:700
ETFs:60
Cryptos:20
Indices:31
Commodities:18

FX pairs, Stocks, ETFs.. FX pairs: 66
Stocks: 1900
ETFs: 96
Cryptos: 24
Indices: 29
Commodities:19

Forex
CFDs
Indexes..
Fx pairs:60+
FX options:0
Stocks:1000+
ETFs: 0
Cryptos:21
Indices:25
Commodities: 32

Stocks & ETFs,
Futures,
Options..
FX pairs:115
Options:50
Stocks:87,000
ETFs:35,000
Cryptos:20
Indices:3,052
Commodities: 35

Stocks & ETFs,
Cryptos,
Futures..
Stocks & ETFs,
Cryptos,
Futures,
Options

Copy trading tools
CopyTrader

AvaSocial, Zulutrade, Duplitrade

N/A Copy trading tools are not available

DupliTrade, Mql5.com

N/A Copy trading is not available

N/A Copy trading tools are not available

Trading fees
Fx: 0.9 pips EUR/USD
Stocks & ETFs: 0%

Fx: 0.9 pips EUR/USD
CFDs: 3% avg. spread
Forex: 0.9 pips EUR/USD
Stocks: 3% average spread

Fx: 0.8 pips EUR/USD
Stocks & ETFs: $0.006

Fx: 0.0 pips EUR/USD
Stock CFDs: 0%
Forex: from 0 pips + $3,5 Commission
Stocks: 0% commission + spread

Fx: 0.08 pips EUR/USD
Stocks & ETFs: 0%
Forex commission: from 0.08 pips
Stocks & ETFs: 0% commission

Stocks & ETFs: 0%
Crypto: 1%

Deposits & withdrawals
Bank Wire, Credit Cards, e-wallets.. Paypal, Skrill, Neteller, Unionpay, Klarna, POLi, Ideal, Trustly, Przelewy

Bank Wire, Credit Cards, e-wallets.. Paypal, Skrill, Neteller, Perfect Money, Webmoney, Klarna, POLi, Boleto

Bank Transfer, Credit/Debit Card.. Paypal, Skrill, Google Pay

Bank Wire, Credit Cards, e-wallets..

Bank Wire

Bank Wire, Credit Cards, e-wallets..

Trading app rating
4.7

4.9

4.7

4.8

4.9

4.4

Overall Rating
4.8

4.9

4.9

4.7

4.8

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.

Best Trading Platforms in UAE for Beginners Reviewed

6 Online brokers with the highest listed trading platforms in UAE for beginners are reviewed below.

1. eToro – Best Trading Platform and App in UAE for Beginners

eToro logo

Rating: 4,9/5

Min Deposit: $50

Fees: 4.8

Assets available: 4.8

Total Fees: 0.9 pips

Open account Read review

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.

With an easy-to-use trading platform, great educational materials and social/copy trading features, eToro is an interesting choice to be considered by beginners and casual traders.

Beginners can choose from over 5,000 financial instruments including:

  • 2800 Shares & 2800 Stocks as CFDs
  • 264 ETFs
  • 32 Cryptocurrencies
  • 49 Forex pairs
  • 54 Commodities & 250 Indices

Most of them are available as “real assets” and also as CFDs.Trading-wise eToro only offers a web and mobile platform (Web Trader and Mobile Trader). Both are smooth, easy to use, and of course extended with copy trading abilities – it’s the feature that allows beginners to follow professional traders and copy their exact trades. Trading features are simple and include one-click trading, price alerts, and excellent charting.

eToro supports beginners with great research tools such as Tip Ranks, The Bull Club, and eToro Plus, which provide insights from leading analysts and financial institutions, a broad range of technical indicators and dynamic charting features.

Users can choose between 4 different account types, which include a beginner (retail) account with a low minimum deposit ($50), 1:5 leverage on CFDs, and access to all tradable assets. Keep in mind that as a beginner you can also make use of the free demo account and the $100,000 virtual money to test your trading strategies before investing real money.

eToro also offers great customer support around the clock in Arabic and English.

Pros

  • Easy to use trading platform
  • Broad range of educational material and research tools
  • Excellent social trading services for all kinds of traders

Cons

  • Some research tools are only available to VIP members
  • Platform lacks features for professional traders such as advanced order types and MetaTrader 4 and 5 compatibility
  • Relatively high fees on crypto trades (1%) compared to other brokers

Key features

  • Great Social Trading platform for beginner and advanced traders
  • Over 5,000 tradable assets
  • More than 10 different payment methods to fund your account
  • Super-fast registration and KYC process
  • Commission-free stock trading
  • Beginner-friendly trading platform and app
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.

2. AVAtrade – Best Trading Platform For Beginner Forex and CFD Traders

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

AvaTrade is a DFSA-regulated forex and CFD broker that provides users access to over 1,250 CFDs and 44 forex pairs. Users can start trading with as low as $100 or practice with a free $100,000 funded demo trading account. The maximum leverage ratio at AvaTrade is 30:1 and they also offer negative balance protection through AVAprotect.

AvaTrade users have access to 8 different trading platforms and beginner friendly add-ons including DupliTrade and ZuluTrade. Those allow beginners to copy trades from advanced traders instead of investing on their own. They also feature beginner friendly buy/sell options and technical analysis tools such as indicators, drawing tools, and an economic calendar.

Beginners have access to an extensive selection of educational resources which include guides, Ebooks and video tutorials on CFD and forex trading.

With no commissions charged on CFDs and an average spread during peak trading hours of only 0,22, AvaTrade is one of the cheapest brokers to trade with. 

AvaTrade’s customer service is available 24/7 in English, Arabic via email, live chat, WhatsApp, and by phone. The UAE customer support number is 97-145-285-110.

Pros

  • Beginner-friendly trading platform
  • Up to 30:1 leverage, low spreads, no commissions, and instant order execution
  • Broad range of educational material and research tools

Cons

  • Not all educational material is aimed at beginners
  • Only offers CFD trading
  • Charges inactivity fees of $50 after 3 months of inactivity and $100 administration fee after 1 year of inactivity

Key features

  • Over 1250 CFDs and 44 forex pairs available
  • Beginner-friendly social trading platform
  • Intuitively designed mobile trading app
  • Low trading fees
  • Well-suited for beginner traders
  • Compatible with MetaTrader 4 and 5 and other external trading software
Open account

71% of retail CFD accounts lose money

3. Plus500 – Best for Mobile Trading

Plus 500 logo

Rating: 4,8/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.8 pips

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 an internationally operating multi-asset broker founded in 2008 that allows users to trade or invest in over 3,000 financial assets, including 66 forex pairs, stocks, ETFs, commodities, cryptocurrencies, options, futures, and CFDs on these asset classes. 

The broker is known for its beginner-friendly and intuitively designed proprietary web-based trading platforms and apps, including Plus500 CFD and Plus500 Invest. Plus500 offers commission-free stock and CFD trading and charges a 1,00% commission on cryptocurrency trades. Spreads are low and variable, starting at 0,8 pip (on EUR/USD). 

Additional trading fees include competitive overnight funding rates and guaranteed order fill fees. Non-trading fees include currency conversion fees, and a $10/month inactivity fee after 12 months of inactivity. Deposits and withdrawals are free.

The minimum deposit requirement to open a live account at Plus500 is $100 (400 AED), which is considered relatively low compared to other brokers. Accounts can be funded by credit or debit cards, bank wire transfers, and e-wallets like PayPal, Neteller, and Skrill. With Plus500’s demo account, you can even practice trading.

The Plus500 trading platforms are aimed at beginner to intermediate traders and don’t contain advanced features, such as level 2 order book data, volume depth analysis, or detailed option chains. 

Users can invest over the long term via Plus500 Invest or undertake self-directed trading via the Plus500 CFD trading platforms and apps. Added to that, the broker provides a wide range of research and analytical tools, as well as educational material. For this reason, our experts have rated Plus500 as the Best Trading Platform for Beginners

The Plus500 customer service is available 24/7 in English and Arabic by email, live chat, and phone. The broker doesn’t have physical offices in the UAE and doesn’t offer broker-assisted trades or PAMM/MAMM accounts. 

Plus500 is regulated by four top-tier financial regulators, including the CySEC, FCA, ASIC, and Dubai’s DFSA (Dubai Financial Services Authority). For this reason, Plus500 is one of the best beginner trading platforms for UAE-based traders and investors.

Use the table below to compare key features for beginner traders and investors between Plus500, AvaTrade, and eToro. 

Broker eToro AvaTrade Plus500 Interactive Brokers Pepperstone Sarwa
Min. Deposit $50 $100 $100 $0,00 $0,00 $0
Assets Stocks, ETFs, Cryptos, Forex, CFDs Forex, CFDs, Binary Options Stocks, Forex, CFDs, Binary Options Stocks, ETFs, Mutual Funds, Bonds, Options, Futures, Cryptos, Forex, CFDs Forex, CFDs Stocks, ETFs, Cryptos
Trading Platform Proprietary Web Trading, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaOptions, Plus500 CFD, Plus500 Invest IBKR Global Trader, Client Portal, IBKR Mobile, TraderWorkstation TradingView, MetaTrader 4, MetaTrader 5, cTrader Sarwa
Copy Trading Tools Yes Yes No No Yes No
Easy to Use Yes Yes Yes No Yes Yes
Inactivity Fee Yes Yes Yes Yes No No
Funding Fees Yes No No No No No
Market Insights Yes Yes Yes Yes Yes No
Webinars Yes Yes No Yes Yes No
Daily News Yes Yes Yes Yes Yes No
Customer Service Phone, Email, and Live Chat Phone, Email, and Live Chat Phone, Email, and Live Chat Phone, Email, and Live Chat Phone, Email, and Live Chat Phone, Email, and Live Chat

Pros

  • Low minimum deposit requirement to open an account
  • Regulated by the DFSA
  • Access to over 3,000 financial instruments with up to 30:1 leverage

Cons

  • Platforms lack features for advanced traders
  • Little long-term investment options compared to other brokers
  • Separate balances for Plus500 CFD and Plus500 Invest

Key features

  • Beginner-friendly trading platforms and apps
  • Commission-free CFD trading, low-cost share trading, and competitive spreads
  • The option to invest over the long term or to conduct self-directed short-term trading (day trading, swing trading, scalping, etc.)
  • Free demo account available for beginner traders
  • A wide range of educational material, research tools, and analysis features
  • Multiple order types (market order, limit order, guaranteed limit order, etc.)
  • Low minimum deposit requirement to open a live trading account ($100)

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.

Open account

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

4. Pepperstone – Best CFD Platform

Pepperstone logo

Rating: 4,9/5

Min Deposit: $0

Fees: 4.9

Assets available: 4.8

Total Fees: 0.0 pips

Open account Read review

74-89% of retail CFD accounts lose money

Pepperstone is an Australian CFD broker, founded in 2010. Their platforms offers access to 180 + financial instruments including forex and CFDs on stocks, indices, commodities and cryptocurrencies.

Trading platforms available on Pepperstone are listed below.

  • MetaTrader 4
  • MetaTrader 5
  • TradingView
  • cTrader

The platform charges zero spreads on most forex pairs and a fixed commission of $3,50. Pepperstone is a reputable broker regulated by top-tier financial authorities including the Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA) and the Australian Securities and Investments Commission (ASIC).

Pepperstone’s customer support is available 24/7 in English and Arabic. They are reachable through email, live chat, and phone.

Pros

  • Algorithmic trading features
  • Multiple third party integrations (MT4, MT5, cTrader, Tradingview)
  • Competitive fees
  • Social trading features
  • Excellent education and research materials

Cons

  • Limited video educational resources
  • Limited advanced order types
  • Customer not available in Arabic

Key features

  • 60+ Forex pairs and 700+ different CFDs
  • MetaTrader 4, MetaTrader 5, cTrader trading platforms
  • TradingView integration
  • Zero spreads on a few forex pairs including EUR/USD
  • Special set of tools for professional traders
  • Islamic swap-free account available
Open account

74-89% of retail CFD accounts lose money

5. Sarwa – Best Full Service Stock Broker in UAE

Sarwa logo

Rating: 4,2/5

Min Deposit: $0

Fees: 4.5

Assets available: 4.5

Total Fees:

Sarwa is a full-service broker based in Dubai, that allows users to trade and invest in 4,000+ different US stocks, ETFs, mutual funds, indices, and cryptocurrencies. 

With combining automated investing, self-directed trading, and financial advisory services from the same dashboard, Sarwa makes it easy for beginners to enter the market. Those can either let professionals trade on their behalf or trade on their own with support from a financial advisor.

With commission-free stock trading, 0,50% – 0,85% advisory fees on investment services, and 0,75% spreads on cryptocurrency transactions, Sarwa’s fees are low. Users are also allowed to make deposits in AED without paying any extra transaction or conversion fees.

Sarwa’s trading platform is intuitive and easy to use, featuring basic buy/sell options, watch lists and search features which is great for beginners. Those can also make use of five pre-made portfolios: Conventional, Halal, Socially Responsible, Conventional Crypto, or Socially Responsible Crypto without having to do any research.

The Sarwa customer service is available 24/7 in  English and Arabic by email, live chat, and phone. Users  can also visit one of Sarwa’s physical offices in the UAE and speak with their financial advisors directly.

Sarwa is regulated by two top-tier financial regulators from the UAE including the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority of Abu Dhabi (FSRA), which makes it a safe broker to trade with.

Sarwa Account Types and Features
Sarwa Invest Account Type / Features Starter Standard Premium Platinum
Personalized Financial Advice
Low-cost, Globally Diversified Portfolios
Easy Rebalancing
Dividend Reinvesting
Free Financial Education
Access to Expert Financial Advice 1 Free Call
Financial Planning
Lower Advisory Fees

Pros

  • No minimum deposit requirement to open account
  • Access to financial advisors and long-term investment services
  • Beginner-friendly trading and investing platform

Cons

  • No demo account available
  • You cannot choose your own long-term investments
  • Even crypto portfolios have only 5% exposure to crypto

Key features

  • Trade or invest in over 4,000 US stocks, ETFs, and cryptocurrencies
  • 5 Differently diversified portfolios available to invest in
  • Physical offices in Dubai and Abu Dhabi
  • Well-suited for both beginners and advanced traders and investors
  • Multiple order types available (Limit, Market, and Stop Limit)
  • Access to historical and real-time price data
  • Commission-free stock trading and no transaction fees for depositing AED from UAE bank accounts

How To Find The Ideal Trading Platform in UAE For Beginners?

The most important criteria for finding an online broker with the ideal platform for beginners are listed below.

  • Low Minimum Deposit – brokers with low minimum deposits should be preferred as they allow beginners to start with smaller investments and trade with less risk of loosing money.
  • Copy Trading Features – allow beginners to start investing by copying trades from seasoned investors. This increases chances of profitable trading.
  • Demo Account Availability – allows beginners to test their trading strategy with virutal money before investing real money.
  • Extensive Educational Materials – beginners should look out for brokers that offer a broad range of educational materials in the form of tutorial videos, educational articles, and webinars.
  • Trading Signals and Ideas – help beginners to open the right trades and to increase their overall chances for profitability.
  • Professional Customer Support – makes it easy for beginners to get their questiones answered by experienced traders

What Should Beginners Look out for When Choosing a Broker in UAE?

New investors need to start by defining their goals and looking for a broker that works for their investing needs. For example, an investor that wants to hold stocks for the long term would need a different kind of broker compared to a new trader that wants to learn how to day trade. 

In addition, beginners should look for educational resources and copy trading platforms. There is a lot to learn about investing, and if it is possible to get that education for free, all the better. 

It is very important to understand fees because the amount an investor pays to buy, sell, and hold positions has an impact on profits. It is possible to gain exposure to US stocks with CFDs, but the cost to hold that position will be more than if an investor buys the same exposure via a broker that offers US stocks to investors in the UAE. 

Conclusion

The various online brokers in UAE offering different platforms and features, make it tough to find the ideal choice for individual needs. Evaluating and comparing the services of different providers requires time and expertise.

This guide does the tough grind by assessing top platforms for different types of traders and investment goals. The results of our analysis and comparison of the best trading platforms in UAE for beginners 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 SCOREBEST FORWEBSITE
#1eToro4,9/5OverallOfficial website
#2AVAtrade4,9/5Forex TradersOfficial website
#3Plus5004.9/5Best for Mobile TradingOfficial website
#4Pepperstone4,9/5CFD PlatformOfficial website
#5Interactive Brokers4,2/5Stock and ETFsOfficial website
#6Sarwa4,2/5Full Service Stock BrokerOfficial website

After analysing and comparing 105 online brokers available to users from the Middle east across 9 major categories, we consider eToro as the best trading platform for beginners in UAE. They offer a high “ease of use” level, seamless and simple on-boarding, great customer support in Arabic and industry leading social trading features. This broker scored high in each of those areas, making it a great fit for novice traders who want to step into the markets confidently.

FAQ

How much money do I need to start investing as a beginner?

Online brokers in UAE have different minimum deposit requirements ranging from $0 to $2000. It is recommended for beginners to start out small and increase the investment with increased experience.

What are the most important trading tools for beginners?

The most important trading tools for beginners include social/copy trading, simple order types, risk management tools, demo account, intuitive design and responsive customer support.

What are the most recommendable assets for beginner traders and investours?

The most recommendable assets for beginner traders and investors include stocks, bonds, ETFs, mutual funds and index funds.

What are the most recommended trading strategies for beginners?

The most recommended trading strategies used by beginners include copy trading, PAMM and MAMM accounts, trading signals, buy and hold.

What are the most common beginner mistakes in UAE to avoid?

The most common beginner mistakes to avoid as a UAE trader include: choosing a brokers that does not allow direct AED deposits, ignoring risk management tools, not having a plan, not using a demo account and not diversifying investments.

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. 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. 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. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
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.

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