Page Summary
Are you looking for the best trading platform in Yemen?
We leverage our database of 105 online brokers in 9 categories to find the Best Trading Platform in Yemen. The categories we use are: platforms, assets, fees, customer support, mobile trading apps, research & education, regulation, deposits & withdrawals, and Islamic account availability.
With 214 variables and 3500 data points, we show you the Best Trading Platform in Yemen.
The Top 5 Online Brokers Of 2023 For Yemeni Citizens
Our analysis uses a Trust Score Ranking system. The leading brokerage firms in Yemen are:
- Interactive Broker is best overall broker
- Saxo Bank is best for premium traders
- AVAtrade is the best broker for beginner traders
- Swissquote has the best beginner-friendly platform with a variety of tradable assets
- Capital.com is top choice for traders looking for a discount broker
Best Online Brokers Yemen 2023
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | Interactive Brokers | Low fees | 4.9 / 5 | Best overall broker | Official website |
| #2 | Saxo Bank | Different assets | 4.9 / 5 | Best for premium traders | Official website |
| #3 | AVAtrade | Low spreads | 4.8 / 5 | For beginner traders | Official website |
| #4 | Swissquote | Easy to use | 4 / 5 | Variety of tradable assets | Official website |
| #5 | Capital.com | New age mobile trading app | 4.7 / 5 | Discount broker | Official website |
TOP 5 Trading Platforms in Overview:
1. Interactive Brokers – Best overall offer
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
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
2. Saxo Bank – Best For Premium Trades And CFD Trading
Min Deposit: $2000
Fees: 4.7
Assets available: 4.9
Total Fees:
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
3. AVAtrade – Best web trading platform
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
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
- 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
4. Swissquote – The Best Beginner-friendly Platform
Min Deposit: 0
Fees: 3.0
Assets available: 4.9
Total Fees:
84.5% of retail investor accounts lose money when trading CFDs with this provider.
Swissquote is a low risk forex and CFD online broker, regulated by 4 top-tier financial regulators. It is a great choice for traders who are looking for high quality research, daily market updates, a great variety of tradable assets and account security on a Swiss bank.
Their Advance Trader proprietary trading platform suite is available as desktop, web and mobile version. Together with the MetaTrader platform suite, it delivers an excellent trading experience for traders and investors at all levels. Minimum deposit is $1000 and trading fees are above industry average. Swissquote operates a bank.
Choose Swissquote if you are looking to trade physical cryptos with a highly trusted online broker that also offers great banking services.
Pros
- Great choice of trading instruments offered
- Very good research and education
- Great For Mobile Trading
Cons
- Few deposit and withdrawal option
Key features
- Access to over 3,000,000 financial instruments
- Cash dividends paid out monthly into your account
- Trade with a FINMA-regulated and Swiss stock exchange-listed broker (SIX:SQN)
- Receive the Swissquote magazine monthly for free
- Set up your own algorithmic trading bot with Swissquote Robo-Advisory services
- Low, fixed fees capped at 0,75% of your invested amount
5. Capital.com – Top choice for traders looking for a discount broker
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
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
How We Choose The Top International Trading Platforms For Yemen Residents?
We find the Best Trading Platform in Yemen with data from 105 online brokers across 9 different categories. Here are the categories: platforms, costs, regulation, mobile apps, withdrawal & deposit, copy trading, customer support, and Islamic account availability.
Research & Education
Brokers are more than a trading platform and should include research and educational material with an account. Make sure your broker delivers the information you need.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Educational Resources | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Webinars | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Daily News Updates | Yes | No | Yes | Yes | Yes | No | Yes |
| Personal Training and Room Access | Yes | No | Yes | Yes | No | Yes | No |
| Market In-depth Analysis | Yes | No | Yes | Yes | Yes | No | Yes |
| Market Research | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Trading Signals | Yes | No | Yes | Yes | Yes | No | Yes |
Asset
Any broker you consider should have a range of tradable assets, like ETFs, stocks, futures, forex, mutual funds, bonds, commodities, indices, and cryptos.Any broker you consider should have a range of tradable assets, like ETFs, stocks, futures, forex, mutual funds, bonds, commodities, indices, and cryptos.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Shares | 0 | 0 | 1000 | 2800 | 0 | 30000 | 16500 |
| ETF and Funds | 0 | 0 | 0 | 0 | 0 | 5900 | 35000 |
| Crypto | 0 | 0 | 0 | 30 | 0 | 9 | 4 |
| Commodities | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Indices | 0 | 0 | 0 | 0 | 0 | 0 | 3052 |
| Options | 1 | 0 | 0 | 0 | 0 | 3000 | 50000 |
| Futures | 0 | 0 | 0 | 0 | 0 | 300 | 245 |
| Bonds | 2 | 0 | 0 | 0 | 0 | 4200 | 1000000 |
| Forex | 59 | 33 | 138 | 49 | 91 | 200 | 115 |
| CFD Stocks | 100 | 194 | 3600 | 2800 | 9500 | 19000 | 8000 |
| CFD Commodities | 15 | 3 | 33 | 54 | 22 | 50 | 2 |
| CFD Crypto | 14 | 19 | 207 | 32 | 8 | 0 | 0 |
Trading Platforms
Brokers have dedicated trading platforms, and also offer MT4 and MT5. You need to understand the platform before you start trading, and all the features it has.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Generic Platforms | Yes | No | Yes | No | Yes | No | No |
| Proprietary Platform | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Desktop version | Yes | Trader Workstation, Client Portal | Yes | Yes | Yes | No | Yes |
| Web version | Yes | Yes (Trader Workstation) | Yes | No | Yes | Yes | Yes |
| Mobile App | Yes | No | No | No | No | Yes | Yes |
| MetaTrader4 | Yes | No | No | No | No | No | No |
| MetaTrader5 | Yes | No | No | No | No | Yes | No |
| cTrader | Yes | No | No | No | No | Yes | No |
| Other Generic | Yes | No | Yes | No | No | No | No |
Fees
Trading fees add up, and some brokers offer 0% trading fees. When you choose a broker, look at the fees, and if you are a frequent trader, keep the fees low.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Deposit Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Withdrawal Fee | 0 | 0 | 0 | $5 | 0 | 0 | 0 |
| Inactivity Fee | $50 quaterly after 3 months | Yes | No | $10 monthly after 1 year | $15 per month (after 12 months) | $100 – 6months | 0 |
| Overnight Fee | Yes | Yes | Yes | Yes | 2.5% | Yes | Yes on CFD’s |
| Cost Per Trade | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Per Month | 0 | €10 | 0 | 0 | 0 | 0 | 0 |
| Stock and ETFs | 0 | 0.48 pips | Varies | 0 | 0+spread | $1 | $0.005 per share |
| FOREX (EURUSD) | 0.9 pips | 4.7 pips | 2.4 pips | 1.1 pips | 0.8 pips | 1 | 0.2 pips + 0.08 to 0.20 bps times trade size comission |
| Crypto | 0.35% | 127.14 pips | 0 | 0 | 0 | 0 | 0.12% to 0.18% of trade value |
| CFD (gold) | 3.4 pips | 4.8 pips | 8.9 pips | 5 pips | 0.8 pips | 0.6 pip | 0.02% |
Deposit & Withdrawal
Deposits and withdrawals should be free, so look and make sure your broker has a fee structure that works for your deposit and withdrawal preference.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Minimum in UAE | $100 | $10 | $20 | $200 | $100 | $2000 | 0 ($2000 for margin account) |
| Bank Wire | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cash | No | No | No | No | No | No | No |
| Credit/Debit Card | Yes | $50 | Yes | Yes | Yes | Yes | No |
| Check | No | No | No | No | No | No | Yes from a US bank account |
| Islamic Account Transfer | Yes | No | No | Yes | Yes | No | No |
| E-Paymenst | Yes | Yes | Yes | Yes | No | No | No |
| Paypal | No | Yes | Yes | Yes | No | No | No |
| Skrill | Yes | Yes | No | Yes | No | No | No |
| Neteller | Yes | Yes | No | Yes | No | No | No |
Social / Copy Trading
Social and copy trading gets you into the market fast. Social and copy trading are available with major brokers.
Customer Support
You need a broker with 24/7 customer support in a language you understand. Choose a broker that speaks your language, and has contact options that work for you.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Phone | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Live Chat | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| 24/7 support | Yes | Yes | Yes | Yes | No | Yes | No |
| Multilingual | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Personal Account manager | No | No | Yes | Yes | Yes | Yes | Yes |
Regulations
Only choose brokers regulated by the FCA, CySEC, and ASIC. Don’t bother with brokers that aren’t compliant with regulations in a top-tier market.
| Feature | AVAtrade | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|
| Regulators | ASIC, FSA, FSCA, CBI FFAJ, ADGM | FCA, NBRB, ASIC, CySEC | ASIC, CySEC, FCA, FSCS | IIROC, SFC, CySEC, FSA, NFA, FTC, MAS, CIMA, ASIC, FCA | ASIC, SFC, JFSA, MAS, Finma, FCA | NYSE, FINRA, SIPC |
Mobile Trading
Mobile trading keeps you in the markets from anywhere your mobile device works. Every broker offers different mobile trading features, so make sure you understand your broker’s mobile platform.
| Feature | AVAtrade | IQ Optio | Capital.com | eToro | Forex.com | Saxo Bank | Interactive Brokers |
|---|---|---|---|---|---|---|---|
| Android | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Apple | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Watchlist (mobile) | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Economic Calendar (mobile) | No | Yes | Yes | No | Yes | Yes | Yes |
| Charting Tools (mobile) | Yes | Yes | Yes | No | Yes | Yes | Yes |
*Islamic Accounts: The Best Trading Platforms in Yemen have Sharia compliant accounts that don’t charge interest.
Which is the best Mobile Trading App in Yemen?
Our research shows Interactive Brokers, Capital.com, Saxo Bank, and AVAtrade have the best mobile trading apps in Yemen. All the apps work on iOS and Android, and some brokers offer free education apps.
Here is why you should use these mobile trading platforms:
- AVAtrade has AvaTradeGo for mobile trading, and also mobile MT4 and MT5. AvaTradeGo’s design takes its theme from the desktop version, AVAtrade’s clients can trade with AvaTradeGo, or the mobile version of MT4 and MT5.
- Interactive Brokers has IMPACT for stock and crypto trading, as well as IBKR for other assets IBKR offers a wide range of assets, like future, options, and more, but it isn’t built for new traders. If you need a simple platform, IBKR isn’t the right choice.
- Capital.com has its own trading app that includes the Investment education app. Clients can also use the mobile version of MT4 with Capital.com, and still take advantage of Investmate. All the apps from Capital.com work with iOS and Android.
- Saxo Bank builds SaxoTraderGO for mobile trading, and it also has the mobile version of MT4 for its clients. The features available on SaxoTraderGO are identical to the desktop. Traders can use charts, advanced market data, and limit orders with SaxoTraderGO.
Online trading in Yemen
An offshore brokerage account gives you access to global financial assets, like stocks, CFDs, bonds, ETFs, forex, commodities, and mutual funds.
The Central Bank of Yemen regulates financial markets in Yemen, but the best brokers available to traders in Yemen are offshore.
There are no restrictions on using offshore brokers in Yemen, as long as the activities are legal and not used for prohibited activities.
You can contact the Central Bank of Yemen to check on the registration status of any broker you like, or contact the regulator in the nation where the broker registers its operations.
How to Open a Brokerage Account in Yemen?
Opening a brokerage account in Yemen is fast, and you will need a bank account, legal ID like a driver’s license or passport, and proof of your legal address.
STEP ONE: Find the right broker and look for its minimum deposit, then open the account online. If you need a Sharia compliant account, make sure you open an interest-free account.
STEP TWO: After you sign up for the brokerage account, you need KYC documents, like your proof of residence. Once you submit the documents and get approval, you can fund the account.
Review the broker’s funding methods, and look for cost effective options. All brokers accept wire transfers, but online platforms like PayPal are cheaper.
STEP THREE: Send money to your trading account, choose the trading platform you like, and start investing.
The brokers we review offer educational resources and demo accounts. If you don’t have any experience trading, use the demo account and learn the tools.
Points to consider before you get started
If you aren’t an experienced investor, there are a few things to think about before opening an offshore brokerage account.
Here are a few things to consider:
- How to Invest
When you trade and invest, think about your goals before choosing a brokerage account. Traders and investors need different things from a broker. For example, a trader needs to buy and sell assets daily, while a long term investor won’t sell assets frequently. The brokerage account you choose needs to align with your investment style. - What Assets Work
The brokers we review offer tens of thousands of assets, and you need to understand how they fit into your investment strategy. For example, both traders and investors can use the S&P 500, which is a proxy for the global economy, as an investment asset. However, a trader would look for a broker that offers derivatives, like CFDs, or futures, but a long term investor needs a broker that has low-cost ETFs. - Trading the Markets
Traders need to look for a broker that allows fast trades, and allows automated trading tools. There are rules in the US prohibiting day trading for accounts under $25,000 USD, so if you want to day trade, and don’t have that amount, you need a broker that sells futures and CFDs on stocks. Also look for a broker that allows automated trading tools, and has a fast API.
Final Verdict
After reviewing 105 online brokers in 9 categories, we find Interactive Brokers as the Best Trading Platform in Yemen. Interactive Brokers has professional trading tools, many tradable assets, and attentive customer support. Investors can buy ETFs, stocks, mutual funds, options, futures, commodities and more with Interactive Brokers.
FAQ
Is Online Trading Allowed in Yemen?
Yemen allows online trading, and investors can use brokers that offer global assets like stocks, CFDs, cryptos, ETFs, commodities, and forex.
Where Are Offshore Brokers Based?
Investors in Yemen can use offshore brokers based in regulated markets, like the UK, USA, or Australia.
What is the Best Trading Platform in Yemen?
Our research says that Interactive Brokers is the best broker for investors in Yemen.
Is Online Trading Permitted by Sharia Law?
The brokers we recommend have interest-free accounts that are compliant with Sharia law.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is 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.