Best Trading Platforms in UAE With No Minimum Deposit

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Do you want to start trading or investing with a small amount of capital and are you looking for the best trading platforms in the UAE with no minimum deposit requirements? Then you are spoilt for choice as there are a lot of brokers available to UAE residents that allow you to trade the financial markets without any minimum deposit requirements. 

To help you find the right broker, our experts have analyzed all brokers available in the UAE without minimum deposit requirements and compared them across 9 different categories. As a result of our research, we have compiled a list of the 5 best trading platforms in UAE with no minimum deposit requirements that have each won in their own category. 

Top 5 Trading Platforms in UAE With No Minimum Deposit

  1. Interactive BrokersBest 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
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1Interactive BrokersWell-regulated broker4.9/5Best for Stocks and ETFsOfficial website
#2CMC MarketsResearch and educational tools5 /5Best for Forex and CFDsOfficial website
#3SwissquoteTradable financial instruments4 /5Best for FuturesOfficial website
#4SogoTradeLow competitive trading fees3.6 /5Best for OptionsOfficial website
#5OKXHigh liquidity 2.8 /5Best for CryptosOfficial website

Best No Minimum Deposit Trading Platforms  Reviewed

Below we will break down the best trading platforms in UAE without minimum deposit requirements one by one and explain their pros and cons and key takeaways.

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

interactive-brokers-rating

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 DepositNone
Available Financial Instruments1,000,000+
Trading FeesCommission-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 PlatformClient Portal, Trader Workstation, IBKR EventTrader, IBKR Mobile, IBKR GlobalTrader, and IMPACT  
Account TypesIndividual 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 BrokerBroker dealer
Regulatory BodiesSEC, CFTC, and FCA
Deposit MethodsBank wire transfer
Maximum Leverage Ratio2:1

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

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

cmc-markets-rating

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 DepositNone
Available Financial Instruments12,000+
Trading Fees0,3 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 PlatformStandard, Advanced, MetaTrader 4
Account TypesCFD Account, Corporate Account
Type of BrokerBroker dealer
Regulatory BodiesASIC, FCA
Deposit MethodsBank wire transfer, credit/debit card, PayPal
Maximum Leverage Ratio30:1

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

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

swiss-quote-rating

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 DepositNone
Available Financial Instruments1,000,000+
Trading FeesStocks, 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 PlatformeTrading, Advanced Traderm Robo-Advisor, Mobile App, Tesla App, MetaTrader 4, 5
Account TypesTrading, Forex, Robo-Adivsory, Crypto-Assets, Business
Type of BrokerMarket Maker
Regulatory BodiesFINMA and FCA
Deposit MethodsBank wire transfer, credit/debit card
Maximum Leverage Ratio100:1

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


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

sogotrade-rating

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 DepositNone
Available Financial Instruments5,300
Trading Fees$0 on limit orders, $2,88 on market orders, $0,50 per options contract, $25 per broker-assisted trade
Trading PlatformSogoOnline, SogoTrader, SogoOptions, SogoElite, SogoMobile, SogoApp
Account TypesCash, margin, and investment accounts
Type of BrokerBroker-dealer 
Regulatory BodiesFINRA
Deposit MethodsBank wire transfer, check deposit, ACH transfer, ACAT transfer
Maximum Leverage Ratio2:1

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

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

okx-rating

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 DepositNone
Available Financial Instruments350+ cryptocurrencies, 640+ trading pairs, crypto derivatives, perpetuals, and futures, NFTs
Trading FeesFrom -0,005%/0,020% to 0,08%/0,10% maker/taker, depending on the number of OKB tokens held
Trading PlatformOKX crypto exchange
Account TypesDemo, Single, Single Currency Margin, Multi-Currency Margin, Portfolio Margin
Type of BrokerMarket maker
Regulatory BodiesVFAA-compliant but unregulated
Deposit Methodscredit/debit card, bank wire transfer, Simplex, Banxa, peer-2-peer
Maximum Leverage Ratio125:1

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 Choose The Right Trading Platform With No Minimum Deposit?

To compile our list of best trading platforms in UAE with no minimum deposit, we have compared more than 80 online brokers in 9 different categories, including:

  • The trading platform or broker must have no minimum deposit requirements
  • The broker has to offer an extensive range of trading instruments
  • Trading fees and other trading conditions
  • Trading platform features and functionalities
  • Mobile trading features and functionalities
  • Quality of the customer support
  • 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)

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.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Business24-7 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.

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