Best Trading Platforms in UAE With No Minimum Deposit 2024 (UPDATED)

Page Summary

This guide helps users to find the best trading platforms in UAE with no minimum deposit. With the wide range of online brokers with no minimum deposit requirements, it can be hard to separate the “wheat from the chaff” when choosing a suitable platform for individual trading and investing goals.

In-depth research, comparison and gathering of information about brokers can help traders to avoid picking a platforms that lack in transparency, regulation, availability of assets, trading features and others.

To help users find the ideal broker for their individual goals and needs, a list of the best trading platforms in UAE with no deposit is shared below, followed by in-depth reviews and comparisons.

Top 5 Trading Platforms in UAE With No Minimum Deposit

  1. Interactive Brokers – Best for Stocks and ETFs
  2. CMC Markets – Best for Forex and CFDs
  3. Swissquote – Best for Futures
  4. SogoTrade – Best for Options
  5. OKX – Best for Cryptos

Top Platforms With No Minimum Deposit Reviewed

Online brokers in UAE with the highest rated trading platforms with no minimum deposit are reviewed below.

1. Interactive Brokers – Best Stocks and ETFs Trading Platform in UAE With No Minimum Deposit

Interactive Brokers

Rating: 4,9/5

Min Deposit: $0

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.

With no minimum deposit requirement, Interactive Brokers have access to 135 international markets and over 1,000,000 financial instruments. Those include

87,000 stocks
35,000 ETFs
45,000+ mutual funds
50,000 options
100,000 bonds
3,052 indices
105 forex currency pairs
20 crypto coins

Interactive Brokers offers two main trading platforms:

  • Trader Workstation TWS: is the advanced desktop version suitable for experienced traders and institutional investors
  • Client Portal: is the web version and definitely more approachable for casual traders and beginners

The TWS platform is a great fit for all of you, advanced traders, as it offers sheer unlimited customization options and third-party software integrations including TradingView, TC 2000, and Expert Advisors. The last one is a relatively new feature that offers users the possibility to participate in social trading and robo-advisory services. We think that beginners will be a bit overwhelmed with the TWS set-up, and should definitely start with the Client Portal platform instead.

Interactive Broker trading fees range from:

  • 0,08 to 10 basis points on spot currencies and bonds,
  • 3% up to $14,95 on mutual funds,
  • $0,25 to $0,85 on futures contracts,
  • $0,15 to $0,65 on options, and
  • zero commissions on stocks and ETFs,

There are no additional deposit or withdrawal fees and no inactivity fees, which makes Interactive Brokers an overall low-cost broker.

Interactive Brokers is regulated by top-tier financial regulators including the SEC, CFTC, and FCA, and is therefore considered safe.

Minimum Deposit None
Available Financial Instruments 1,000,000+
Trading Fees Commission-free stock and ETF trading, $0,15 to $0,65 per options contract, $0,25 to $0,85 per futures contract, 0,08 to 0,20 basis points on spot currencies, 10 basis points on bonds, and 3% up to $14,95 on mutual funds
Trading Platform Client Portal, Trader Workstation, IBKR EventTrader, IBKR Mobile, IBKR GlobalTrader, and IMPACT
Account Types Individual investor or trader, family office, small business, family advisor, non-professional advisor, registered investment advisor, hedge or mutual fund, money manager, proprietary trading group, introducing broker
Type of Broker Broker dealer
Regulatory Bodies SEC, CFTC, and FCA
Deposit Methods Bank wire transfer
Maximum Leverage Ratio 2:1

Pros

  • Well-regulated broker
  • Over 1,000,000 available financial instruments across all asset classes
  • 100+ order types and broad selection of available trading tools

Cons

  • No swap-free accounts available
  • Customer support not always directly available
  • Complicated account opening process
Open account

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.

2. CMC Markets – Best Trading Platform With No Minimum Deposit for Forex and CFDs

CMC Markets logo

Rating: 4,0/5

Min Deposit: 0

Fees: 3.7

Assets available: 3.2

Total Fees:

Open account Read review

65% of retail CFD accounts lose money

CMC Markets is an ASIC and FCA-regulated broker that provides its retail users access to over 12,000 forex and CFD trading instruments. Their trading platform is intuitive and allows users access to MetaTrader4 on multiple devices (desktop, web, mobile). CMC market supports automated trading and offers users a broad range of trading tools, including VPS and AutoChartist.

With trading fees ranging from interbank rate plus or minus 0,0082% (buy or sell positions), CMC Markets’ forex and CFD trading fees are very competitive compared to other brokers.

Pro Tip: CMC markets charges $0,02/share on stock CFDs which makes them expensive compared to other broker for trading with this asset. They also charge $10 on international bank transfers.

CMC Markets provides its users with a broad range of educational material and research tools such as an economic calendar, a morning update and weekly outlook in video format, full-fledged platform guides, educational blog posts, and webinars and live events. Users can receive trading ideas from top market analysts Michael Hewson, Tina Teng, and Kelvin Wong as well.

The only real disadvantage of trading with CMC markets is that the broker only offers forex and CFD trading and above average fees on stock CFDs.

Minimum Deposit None
Available Financial Instruments 12,000+
Trading Fees 0,3 to 2,5 pips spread, 0,10% with a minimum of $9 commission, 0,0159% buy and 0,0005% sell overnight fees, and 50% on the spread rollover costs
Trading Platform Standard, Advanced, MetaTrader 4
Account Types CFD Account, Corporate Account
Type of Broker Broker dealer
Regulatory Bodies ASIC, FCA
Deposit Methods Bank wire transfer, credit/debit card, PayPal
Maximum Leverage Ratio 30:1

Pros

  • Over 12,000 forex and CFD trading instruments available
  • Very competitive trading fees on forex and most CFDs
  • Broad range of research and educational tools available

Cons

  • Only offers forex and CFD trading
  • High fees on stock CFDs
  • Charges withdrawal and inactivity fees
Open account

65% of retail CFD accounts lose money

3. Swissquote – Best Trading Platform in UAE With No Minimum Deposit for Futures

Swissquote logo

Rating: 4,2/5

Min Deposit: 0

Fees: 3.0

Assets available: 4.9

Total Fees:

Open account Read review

84.5% of retail investor accounts lose money when trading CFDs with this provider.

Swissquote is a FINMA and FCA-regulated broker, listed on the SIX Swiss Exchange. They provide users access to over 1,000,000 financial instruments including stocks, ETFs, mutual funds, bonds, commodities, futures, options, forex, and CFDs.

Swissquote users can choose between two web-based trading platforms: eTrading and Advanced Trader. Both platforms offer beginner to advanced trading features including watchlists, a trend radar to conduct daily securities analysis, a quick search feature to find securities by name, symbol, or ISN, and widgets to personalize your trading experience. They also offer full MetaTrader (MT4 & MT5) integration.

Swissquote trading fees start at 1 EUR/contract which is low compared to other brokers.

In terms of research and education Swissquote users have access to daily trading ideas, market updates, and education in the form of blog posts, tutorials, and webinars. Hedging and the usage of expert advisors is allowed, which is great for professional traders.

The broker’s customer service is available from 8:30 to 17:30 by live chat, phone, and email in English, Arabic, and 8 other languages. Swissquote’s physical address in the UAE is Al Fattan Currency House, Level 9, Office 903, Tower 2, DIFC, Dubai.

The downsides of trading with Swissquote are that price alerts and access to Swissquote Ranking, a historical technical database, are only available to premium clients and that users can only fund their account by wire transfer and credit card.

Minimum Deposit None
Available Financial Instruments 1,000,000+
Trading Fees Stocks, Swiss DOTS, mutual funds, bonds, and ETFs start from €9, cryptocurrencies and forex 0,5% and 0,95% respectively, and options and futures are priced at €1 per contract.
Trading Platform eTrading, Advanced Traderm Robo-Advisor, Mobile App, Tesla App, MetaTrader 4, 5
Account Types Trading, Forex, Robo-Adivsory, Crypto-Assets, Business
Type of Broker Market Maker
Regulatory Bodies FINMA and FCA
Deposit Methods Bank wire transfer, credit/debit card
Maximum Leverage Ratio 100:1

Pros

  • High-quality research and educational tools
  • Wide range of tradable financial instruments
  • Multiple professional trading platforms available

Cons

  • Some research tools come at additional cost
  • Few deposit and withdrawal methods
  • High fees on stocks, ETFs, bonds, and forex
Open account

84.5% of retail investor accounts lose money when trading CFDs with this provider.

4. SogoTrade – Best Trading Platform in UAE With No Minimum Deposit for Futures and Options

SogoTrade logo

Rating: 3,5/5

Min Deposit: 0

Fees: 4.0

Assets available: 2.5

Total Fees:

SogoTrade is a FINRA-regulated broker that allows users to trade futures and options on its advanced multi-leg trading platform. The platform allows users access to streaming quotes, powerful analysis and risk management tools, and different customisation options.

With trading fees ranging from $0,50/contract and $25 per broker-assisted trade, SogoTrade’s trading fees are competitive. Users that place limit orders on their own (via the broker’s platform) don’t pay any commission at all.

Users can view real-time option quotes and set up their option chain and Greek graphical layout according to their needs. Traders can also make use of basic and advanced order types such as Market-On-Close, VWAP, and One-Triggers-the-Other orders.

Professional traders will appreciate SogoElite, which provides ultra-low (under 30ms) latency real-time streaming market information for U.S. stocks and options whilst mobile traders can trade on the go using the Sogo app. They can also make use of Expert advisors and third-party automated trading software via the SogoTrade API.

Minimum Deposit None
Available Financial Instruments 5,300
Trading Fees $0 on limit orders, $2,88 on market orders, $0,50 per options contract, $25 per broker-assisted trade
Trading Platform SogoOnline, SogoTrader, SogoOptions, SogoElite, SogoMobile, SogoApp
Account Types Cash, margin, and investment accounts
Type of Broker Broker-dealer
Regulatory Bodies FINRA
Deposit Methods Bank wire transfer, check deposit, ACH transfer, ACAT transfer
Maximum Leverage Ratio 2:1

Pros

  • Multiple trading platforms available
  • Low competitive trading fees
  • Excellent trading ideas and research provided

Cons

  • Trading platforms can be overwhelming for beginners
  • Few banking methods available
  • Difficult navigation between platforms whilst trading

5. OKX – Best Trading Platform in UAE With No Minimum Deposit for Cryptos

OKX logo

Rating: 4,9/5

Min Deposit:

Fees: 4.9

Assets available: 4.9

Total Fees:

OKX combines real crypto trading, crypto CFD trading, crypto options and futures trading for beginners and advanced. It also allows usage of crypto trading bots, has a built-in NFT marketplace and provides its users ways to generate a passive income through high yield savings accounts, liquidity mining, yield farming, crypto lending, and staking. We believe that the diversity of trading features which are all accessible to traders at all levels makes OKX a top exchange for crypto traders with no minimum deposit.

OKX is one of the largest cryptocurrency exchanges globally in both amount of active users and trading volume which makes orders get filled quickly.

To top it off, the exchange charges low trading fees, clocking in at 0,08%/0,10% maker/taker which can be further reduced to -0,005%/0,020% maker/taker by holding OKB coins.

OKX provides its users with decent research and educational tools coming in the form of beginner tutorials, trading ideas, and industry analysis. Although OKX has never been hacked and is considered a safe and reliable cryptocurrency exchange, it’s still an unregulated broker.

Minimum Deposit None
Available Financial Instruments 350+ cryptocurrencies, 640+ trading pairs, crypto derivatives, perpetuals, and futures, NFTs
Trading Fees From -0,005%/0,020% to 0,08%/0,10% maker/taker, depending on the number of OKB tokens held
Trading Platform OKX crypto exchange
Account Types Demo, Single, Single Currency Margin, Multi-Currency Margin, Portfolio Margin
Type of Broker Market maker
Regulatory Bodies VFAA-compliant but unregulated
Deposit Methods credit/debit card, bank wire transfer, Simplex, Banxa, peer-2-peer
Maximum Leverage Ratio 125:1

Pros

  • Great platform for both beginners and professional traders with lots of features and tools
  • Competitive trading fees
  • High liquidity and multiple (advanced) order types supported

Cons

  • Unregulated crypto exchange
  • Doesn’t offer swap-free accounts
  • Charges withdrawal fees

How to Find The Top Trading Platform With No Minimum Deposit?

The most important criteria for finding the ideal platform with no minimum deposit requirements in UAE are listed below.

  • Broker does not have minimum deposit requirements
  • Wide range of trading instruments
  • Competitive fee structure (trading and non trading fees)
  • Extensive trading features and functionalities
  • Availability of mobile trading features and functionalities
  • Quality of customer support
  • Wide range of deposit and withdrawal methods (limits, fees, and processing speeds)
  • UAE availability (whether UAE residents can open an account and make use of all offered trading services)

Top Broker With No Deposit Requirement Compared

Key features of online brokers with the highest ranked platforms for no deposits are compared in the table below.

Interactive BrokersCMC MarketsSwissquoteSogoTradeOKX
Available AssetsStocks, ETFs, Forex, Futures, Options, Bonds, Funds, CFDsForex, CFDs (on Indices, Commodities, Cryptocurrencies, Treasury), Spread Betting (UK & Ireland)Stocks, ETFs, Funds, Bonds, Options, Futures, Forex, CryptocurrenciesStocks, Options, ETFsCryptocurrencies
Minimum Deposit$0 for Cash account, $2000 for Margin account $0$0$0$0
Trading FeesCompetitiveSpread-based for forex and CFDsCompetitive$0 for stocks and ETFs, $0.50 per contract for options0.1 maker/taker
Available Trading PlatformsTrader WorkStation (TWS), WebTrader, Mobile appsProprietary Next Generation platform, MetaTrader 4Proprietary platform, MetaTrader 4/5Web-based platform, Mobile appProprietary platform, Mobile app
Deposit & Withdrawal MethodsBank transfer, Check, Online banking (ACH), WireCredit/Debit Card, Bank transferBank transfer, Credit card, Maestro, PostFinanceBank transfer, ACH transferCryptocurrency transfer
Customer Support OptionsPhone, Email, ChatPhone, Email, Live chatPhone, EmailPhone, Email, Live chatEmail, Live chat
RegulatorsSEC, FINRA, FCA, and othersFCA (UK), ASIC (Australia), and othersFINMA (Switzerland), FCA (UK), DFSA (UAE), and othersSEC, FINRANo traditional financial regulators due to nature of asset class, but complies with local regulations in operating countries

What are the Benefits of Trading With No Minimum Deposit Brokers?

The main benefit of trading with brokers with no minimum deposit requirements is that you can try out their platform without having to risk a lot of money. These brokers allow people new to trading, in general, to see if it is something they are interested in.

Conclusion

The many online brokers in UAE offering various platforms and features make finding the ideal option for individual needs hard. Reviewing and evaluating the services of available providers requires time investment and knowledge.

This guide does all the work by comparing and evaluating top platforms for different trading needs and goals. The results of our analysis of the best trading platforms in UAE with no minimum deposit are wrapped up in the table below.

RANKBROKERPLATFORM SCOREBEST FORWEBSITE
#1Interactive Brokers4,9/5Stocks and ETFsOfficial website
#2CMC Markets4,0/5Forex and CFDsOfficial website
#3Swissquote4,2/5Best for FuturesOfficial website
#4SogoTrade3,5/5Best for OptionsOfficial website
#5OKX3,1/5Best for CryptosOfficial website

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site is registered on wpml.org as a development site.