Best Trading Platform For Binary Options Trading in UAE 2023

Do you want to trade at the best binary options trading platforms in the UAE? Then you are spoilt for choice as there are tens of binary options brokers available to UAE residents allowing traders to speculate the financial markets using binary options, all with slightly different conditions and platform features.

To help you make an informed decision, we have analyzed all binary options brokers in the UAE and compared them across 8 different categories. After having done our extensive research, we’ve compiled a list of the top 3 binary options trading platforms in the UAE, which each excel in certain categories. 

Top 3 Binary Options Trading Platforms in UAE

1. Dukascopy – Best Overall Binary Options Trading Platform
2. Pocket Option – Binary Options Trading Platform With the Lowest Trading Fees
3. RaceOption – Binary Options Trading Platform With the Most Tradable Assets

Best Binary Options Trading Platforms in UAE Reviewed

The below section breaks down the best binary options brokers in UAE and checks where they stand out, who they are best for, and mentions their key features!

1. Dukascopy – Best Overall Binary Options Trading Platform

Rating: 4,2/5

Min Deposit: $100

Fees: 3.7

Assets available: 2.7

Total Fees:

Open account Read review

Dukascopy is a FINMA and FCMC-regulated broker and bank that offers its users up to 90% payouts on regular binary options trades via its BinaryTrader platform.

Beside offering regular options, Dukascopy also offers Touch Binaries. Those are binary options on forex pairs with 2 remote strike prices set around the open price of the option. Users also have access to Automated binary options trading through the use of chained option contracts such as Winning, Martingale, and Follow-the-Trend.

Dukascopy charges its users premiums based on the contract size. Those are automatically charged when the trader opens the position and are reflected on the payout percentage.

Apart from trading fees, the broker charges account maintenance fees on dormant accounts, including necessary costs to reestablish contact with the user ( minimum of CHF 500, but never more than the account balance).

Dukascopy Key Features

• Client Protection –  All deposited funds are protected by Swiss law
• Transparent Data Feed – Ducascopy provides users with real-time stock pricing from SWFX Swiss Marketplace quotes
• 24/7 Client Support – Users can contact Dukascopy 24/7 by email, live chat, and phone
• Payouts up to 90% – Dukascopy pays out up to 90% on correct binary options predictions
• Wide Range of Instruments – Trade binary options on forex, stocks, and indices
• 3 Minutes to 24 Hours – Set your own custom binary options contract lifecycle

Minimum Deposit	$1,000
Available Binary Options	Forex, stock, and indices binary options
Trading Fees	Premiums are priced in the payouts (up to 90%)
Trading Platform	Web Binary Trader, Binary Trader for iOS
Account Types	Demo, Live account
Type of Broker	ECN broker
Regulatory Bodies	FINMA, FCMC, DFSA, Securities & Futures Commission of Hong Kong
Deposit Methods	Bank wire transfer, credit/debit card, Apple Pay, Dukascopy card

Pros

• FINMA, FCMC, and DFSA-regulated broker and Swiss bank
• High payouts up to 90%
• Great web-based and mobile binary options trading platforms

Cons

• Not compatible with MetaTrader 4/5, cTrader, or any other external trading platform or software
• Charges very high inactivity fees
• High minimum deposit required to open account

2. Pocket Option – Binary Options Trading Platform With the Best Trading Fees

Rating: 3,0/5

Min Deposit: $50

Fees: 5.0

Assets available: 1.4

Total Fees:

Open account Read review

Pocket Option is an IFMMRC-regulated all-in-one trading platform compatible with MetaTrader 5 that allows users to trade with binary options as well as forex, CFDs and cryptocurrencies.

Pocket Option allows users to buy put or call binary options from as low as $1. All trading fees are included in the payout percentages and the broker only charges 0,5% withdrawal fees. This makes them one of the cheapest brokers for trading with binary options.

Pocket Option Account opening

…starts at $50 and users receive up to 218% payouts, depending on their account level.

Account Level	Conditions	Benefits
Novice	Less than $100 balance and a maximum of $1,000 in trades lifetime	N/A
Beginner	$100+ balance	N/A
Experienced	$1,000+ balance	+2% payouts
Master	$5,000+ balance and a minimum of $2,000 in trades lifetime	+4% payouts and priority withdrawals
Professional	$15,000+ balance and a minimum of $3,000 in trades lifetime	+6% payouts and priority withdrawals
Expert	$50,000+ balance and a minimum of $5,000 in trades lifetime	+8% payouts, priority withdrawals, premium gifts, personal discounts

Pocket Option trading platform is easy to use and available as a web and mobile version. Both versions offer traders access to over 130 different binary options, built-in technical analysis tools and indicators like Heiken Ashi candles, Accelerator Oscillator, and Bollinger Bands. While these features are appreciated by experienced traders, beginners will like their social trading options that allow them to copy professional traders. Apart from social trading, they also have access to trading signals via the Telegram Signal Bot, where they can receive quality signals and place trades directly via the Telegram app.

Pocket Option Key Features

• Wide Range of Financial Instruments – Trade binary options on forex, commodities, stocks, and cryptocurrencies
• Flexible Trading Platform – That allows express trades, offers MT5 forex trading, pending orders, and social trading
• High payouts – Receive payouts up to 98% on correct binary options price predictions
• Wide Range of Educational Resources – Pocket Option offers detailed binary options tutorials and guides in both written and video format
• Free Demo Account – Practice binary options trading with a $10,000 virtual balance demo trading account
• Lots of Payment Methods Accepted – Pocket Option accepts over 50 different payment methods, including but not limited to: bank wire transfers, credit/debit cards, e-wallets such as Skrill and Neteller, and cryptocurrencies like Bitcoin, Litecoin, and Ethereum.
• Indicators and Signals – Pocket Option provides its users with trading signals and indicators from top-tier sources to enhance their profitability.
• Bonuses and Promotions – Pocket Option organizes trading tournaments and gives away bonuses, gifts, and promo codes on a regular basis

Minimum Deposit	$50
Available Binary Options	130+
Trading Fees	Premiums are priced in the payouts (up to 218%)
Trading Platform	Web-based, Android, and iOS binary options trading platforms
Account Types	Demo, Live
Type of Broker	Broker-dealer
Regulatory Bodies	IFMRRC
Deposit Methods	Bank wire transfer, credit/debit card, Skrill, Neteller, Bitcoin, ADVcash, and over 40 other payment methods

Pros

• Excellent desktop and mobile binary options trading platforms
• Social trading available
• High payouts (up to 218%)

Cons

• Excellent desktop and mobile binary options trading platforms
• Social trading available
• High payouts (up to 218%)

3. RaceOption – Binary Options Trading Platform With the Most Binary Options to Trade

Rating: 2,3/5

Min Deposit: $250

Fees: 5.0

Assets available: 1.5

Total Fees:

Open account Read review

Race Option is an unregulated options broker that allows users to trade on over 100 underlying assets with payouts of up to 90%.

Their trading fees are already calculated within the payouts of the contracts and the broker doesn’t charge transaction fees. This makes Race Option a low-cost broker for trading with binary options!

When it comes to trading, Race Option offers an intuitive trading platform that allows 60-seconds trading, live real-time pricing, and full trade history information. Other key features include one-click trading and the usage of technical indicators and other technical analysis tools. While this is interesting for advanced traders, beginners can enjoy their copy trading features and easy-to-use order types.

Account opening at Race Option starts from $250. The higher the deposit, the higher the account status the user achieves, which comes with different benefits (risk-free trades and a personal account manager).

Users can fund their accounts using multiple different payment methods: credit/debit cards, e-wallets, and cryptocurrencies.

Race Option Account types

Account Level	Conditions	Benefits
Bronze	None	24/7 live video chat support60-minute withdrawals20% deposit bonusFree demo accountCopy trading tool
Silver	Minimum cumulative deposits of at least $1,000	24/7 live video chat support60-minute withdrawals50% deposit bonusFree demo accountCopy trading toolMaster class accessFirst 3 risk-free trades
Gold	Minimum cumulative deposits of at least $3,000	24/7 live video chat support60-minute withdrawals100% deposit bonusFree demo accountCopy trading toolMaster class accessFirst 3 risk free tradesPersonal account manager

Users can fund their accounts with over multiple different payment methods, including credit/debit cards, e-wallets, and cryptocurrencies and Race Option processes all withdrawal requests within 60 minutes.

Race Option Key Features

• Fast Withdrawals – All withdrawal requests are processed within 60 minutes
• 24/7 Binary Options Trading – The markets don’t close during the weekends at Race Option
• Broker-Assisted Trades – Race Option offers broker-assisted binary options trades
• Social Binary Options Trading – Copy other binary options traders without having to any trading experience or knowledge
• Wide Range of Payment Methods – All kinds of payment methods accepted, including credit and debit cards, crypto and e-wallets like Skrill and Neteller

Despite Race Option offering generous welcome bonuses to new traders, it’s an unregulated broker and we highly recommend only depositing what you can afford to lose.

Minimum Deposit	$250
Available Binary Options	100+
Trading Fees	Premiums are priced in the payouts (up to 218%)
Trading Platform	Web-based, Android, and iOS binary options trading platforms
Account Types	Demo, Bronze, Silver, Gold
Type of Broker	Broker-dealer
Regulatory Bodies	Unregulated
Deposit Methods	Credit/debit card, Bitcoin, Ethereum, Litecoin, and other cryptocurrencies

Pros

• Over 100 different binary options to trade
• Offers generous welcome bonuses
• High payouts up to 90%

Cons

• Unregulated broker
• Few educational resources

How to Choose the Right Broker for Binary Options Trading?

To get our list of the best trading platforms for binary options trading in UAE, we have analyzed and compared 33 options brokers across 8 different categories. Below are all of the categories tested including data from our top choices so you can make an informed decision:

• Amount of binary options trading products offered
• Trading fees and conditions for binary options trading
• Trading platform features that influence binary options trading
• Mobile binary options trading features
• Quality of the binary options broker’s customer support
• Research and education offered on binary options
• Available banking methods
• UAE availability (whether UAE residents can open an account and utilize all binary options trading services offered by the broker)

What are Binary Options?

Binary options are contracts between two parties: a buyer (trader) and a seller (broker), where the buyer bets on a price increase or decrease of any chosen underlying financial instrument.

The binary options trader bets on the rising or falling price of a chosen asset in the coming minutes, hours, or days, where the underlying asset can be a stock, an index, a currency, a commodity, or any other tradable financial instrument.

If the trader’s prediction is correct, the trader receives his initial deposit back and is paid a profit. If the trader’s prediction is incorrect, the trader loses his entire initial deposit allocated to the trade. 

Tips to Get Started With Binary Options Trading

• Develop a Trading Strategy – To create a binary options strategy, ask yourself which part of the economy appeals to you and how much time you have to trade. Based on the answer you will be able to determine in which timeframes you want to trade binary options.
• Follow Market Movements – Keep in mind that in order to make profit with binary options, you will need to keep a close eye on the market movements of the assets in your portfolio to make the right decisions.
• Use Binary Options to Hedge – A great idea is to use binary options either to hedge long positions or short positions. Make use of this to minimize your risk and maximize your returns.
• Start With a Demo Account – Always test your trading strategy with a demo account using virtual money. This helps you to familiarize yourself with the trading platform and the inner workings of binary options trading in general.