Best Trading Platforms For Mobile Trading in UAE

Are you looking for the best trading platforms for mobile trading in UAE? Our team of analytics has assessed 133 online brokers and evaluated their mobile trading experience in 9 major categories to get a list of overall best performers. The methodology includes fees, deposits & withdrawals, customer support, platforms, tradable assets, regulation, research & education, islamic account availability and mobile trading experience.

With 214 variables to judge the brokers and 3500 data points collected, here is our list of the best trading platforms for mobile trading in UAE:

Best Trading Platforms For Mobile Trading

1. eToro – Best Mobile Trading Platform and App
2. Capital.com – Best Mobile trading platform for Forex and CFDs
3. Interactive Brokers – Best for Stocks and ETFs
4. AVAtrade – Best For Beginners
5. Saxo Bank – Best For professional traders

Best Trading Platforms For Mobile Trading in UAE

According to our analysis and weighting of criteria, these are the top 5 trading platforms for mobile trading in UAE. Below we break down all of the top rated brokers analysing their pros and cons.

1. eToro – Best Mobile Trading Platform and App

Rating: 4,9/5

Min Deposit: $200

Fees: 4.8

Assets available: 4.8

Total Fees:

Open account Read review

79% 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. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.

As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. 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 in Arabic and English.

eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.

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.

Pros

• Two step (safer) mobile app login, Touch/Face ID login
• Great mobile research tools
• Social trading available via mobile platform
• Easy to use

Cons

• No advanced charting tools

Key features

• Sophisticated social-copy trading features
• Multiple different payment options
• Crypto exchange and brokerage services on the same dashboard
• Super fast registration and KYC on-boarding process
• Zero commission stock trading
• Great ease of use level

2. Capital.com – Best Mobile trading platform for Forex and CFDs

Rating: 4,8/5

Min Deposit: $20

Fees: 4.8

Assets available: 4.7

Total Fees:

Open account Read review

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

• User friendly and easy to use mobile trading platform
• Two step (safer) mobile app login
• Offers Investimate – proprietary mobile research and education app
• Has MT4+ Proprietary Trading app

Cons

• Touch/Face ID login only for iOS (Apple) users
• Only has Forex and CFDs for mobile trading

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. Interactive Brokers – Best for Stocks and ETFs

Rating: 4,9/5

Min Deposit: 0 ($2000 for margin account)

Fees: 4.9

Assets available: 4.9

Total Fees:

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 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

• Proprietary IBKR Mobile platform has two step (safer) login
• Good variety of order types
• Excellent research in over 150 markets
• Cheque deposit is available with mobile platform

Cons

• Minor glitches in non-english versions

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

4. AVAtrade – Best For Beginners

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 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.

Beside 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

• Has 3 different apps for mobile trading (MetaTrader 4 and 2 proprietary: AvaTradeGo, AvaOptions)
• Good markets research functions (mobile platform)
• AvaProtect – order insurance feature is available
• AvaSocial – proprietary social/copy trading app

Cons

• No two step (safer) mobile app login
• Stocks and ETFs aren’t available

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

5. Saxo Bank – Best For professional traders

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

• Good market research options
• Two step (safer) mobile app login
• Mobile platform user friendly and easily navigated
• Advanced order types and charting tools

Cons

• The platform too complex for beginners

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 Do We Select The Best Trading Platforms For Mobile Trading?

There are many different criteria to analyse and compare brokers. For this particular guide we have assessed 105 online brokers offering mobile trading in UAE and compared them across 8 different categories. The categories include: mobile apps, platforms, costs, withdrawal & deposit, regulation, assets available, accounts, and customer support. Here is a quick overview of what exactly was considered in each of the categories:

• Mobile Trading features: Mobile trading platforms should offer the same features as desktop and web versions. The most important features to check are real-time price feeds, technical indicators, and stock alert notifications.
  
• Fees: Fees make a big impact on returns, especially if you trade daily. A 0% commission broker is ideal, but make sure to keep an eye on the spreads, as these can be higher with low fee brokers.
  
• Trading platforms: The platform you choose must deliver great trading, as well as breaking news and historical data on the mobile trading platform. Mobile trading is easy today, but you need to work with a broker that has a complete mobile platform.
  
• Deposit & Withdrawal: Brokers should have low fees for deposits or withdrawals, or they should be free. A bank may charge a fee for a wire transfer, but the broker should not make you pay anything to take a deposit. Also make sure the broker accepts your payment method. 
  
• Assets: Traders in the UAE can invest in ETFs, futures, indexes, forex, bonds, indices, mutual funds, commodities, options, swaps, and cryptos. Make sure the broker you choose supports the assets you want on its mobile trading platform.
  
• Regulation: Brokers need to be compliant with regulations from the FCA, CySEC, and the ASIC. Don’t waste your time with brokers who aren’t regulated in major markets. 
  
• Research & education: Educational resources should be on offer with your broker, so you can learn more about trading and the markets. Bonus points for resources that are on mobile devices. 
  
• Customer support: The broker you choose should deliver around the clock support in the language you need. Make sure they offer a range of contact options, so you can get the help you need. 

*Islamic Accounts: Investors in the UAE need trading options that are in full compliance with Sharia law. We only review compliant brokers for traders in the UAE.  

The table below reveals the most recommended mobile platforms based on different types of traders:

What is the Best Choice for Beginners?

Are you a beginner and are looking for more hand holding features like: personal account management, professional customer support, educational and explanation videos and social copy trading features?

We recommend beginners to use the eToro mobile trading app, because it has the highest rating in all beginner friendly categories. This mobile trading platform contains great educational materials and videos, responsive support also in Arabic language, easy to use platform and great social-copy trading features.

Which Is The Best Choice to Trade Stocks for Free in the UAE?

The best commission free trading platforms for mobile trading in the UAE are:

• Interactive Brokers – Best overall offer
• eToro – Best for beginners
• Capital.com – Best trading app
• Ava Trade – Best for stock options
• Saxo Bank – Best for advanced and high volume traders

Note that most brokers offer commission-free stock trading via their mobile trading platform. However, these brokers have the best available tools and features AND offer commission-free trading. 

Conclusion

After analysing and comparing 133 online brokers that offer mobile trading, we consider eToro as the best trading platform for mobile trading in UAE. They offer a great overall mobile trading experience, high ease of use level and simple buy and sell options to “trade on the go”. Traders have access to stocks and ETFs, forex currency pairs, cryptocurrencies, commodities, and index funds.