Best Trading Platform For Binary Options in UAE 2023 (UPDATED)

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This guide helps users to find the best binary options trading platforms in the UAE. Binary options gained popularity among UAE traders as it is simple, and the risk is fixed (traders can’t lose more than they have invested). With the wide range of online brokers offering access to binary options, choosing the best-suited options for traders’ individual goals is tough.

Missing out on research, comparison, and important information about brokers could lead to selecting a platform with high fees, a low range of tradable instruments, and lacking regulation or limited options trading features.

This guide assesses 35 online brokers in UAE for users to explore and choose the ideal platform for their needs. To help them make an informed decision, a list of the best binary options trading platforms in the UAE is shared below, followed by detailed reviews and comparisons.

Top Binary Options Trading Platforms in UAE

  1. Dukascopy – Best Overall Binary Options Trading Platform
  2. Pocket Option – Lowest Trading Fees Platform
  3. RaceOption – Ideal For Availability of Assets

3 Best Binary Options Trading Platforms in UAE Reviewed

The best binary options trading platforms in UAE are reviewed below, including pros, cons and key features.

1. Dukascopy – Best Overall Binary Options Trading Platform

Dukacopy logo

Rating: 4,2/5

Min Deposit: $100

Fees: 3.7

Assets available: 2.7

Total Fees:

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

Pocket Option logo

Rating: 3,0/5

Min Deposit: $50

Fees: 5.0

Assets available: 1.4

Total Fees:

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

Race Option logo

Rating: 2,3/5

Min Deposit: $250

Fees: 5.0

Assets available: 1.5

Total Fees:

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 Find The Ideal Broker for Binary Options Trading

Criteria to consider for choosing an online broker with the ideal platform for binary options are listed below.

  • 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)

The Top Binary Options Brokers Compared

Key features of binary options brokers with the highest rated platforms in UAE are compared in the table below.

BrokerAvailable Assets (Binary Options)Minimum DepositPayoutsFees & CommissionsAvailable Trading PlatformsDeposit & WithdrawalsCustomer ServiceRegulators
DukascopyForex, Commodities, Indices, Stocks$100Up to 90%Commissions apply, with a percentage depending on the underlying asset and the type of accountJForex, MetaTrader 4Bank Wire, Credit Card, Debit Card, Bank Guarantees, BitcoinPhone, Email, Live ChatFINMA, JFSA
Pocket OptionOver 100 assets including Forex, Cryptocurrencies, Commodities, Stocks$50Up to 96%No commission, fees incorporated in the payoutProprietary platformCredit/Debit Cards, Cryptocurrencies, E-WalletsPhone, Email, Live ChatUnregulated
RaceOptionForex, Indices, Stocks, Commodities, Cryptocurrencies$250Up to 90%No commission, fees incorporated in the payoutProprietary platformCredit/Debit Cards, Cryptocurrencies, E-WalletsPhone, Email, Live ChatUnregulated

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.

Conclusion

With the wide range of online brokers in UAE offering diverse platforms and features, finding the ideal options for individual needs can be difficult. It is important for users to review and compare the different options to make an informed decision.

This guide helps users exploring the top options by evaluating top brokers for different types of traders and investment goals. The results of our analysis and comparison of the best binary options trading platforms in UAE are wrapped up in the table below.

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1DukascopyHigh payouts up to 90%4.2 / 5 OverallOfficial website
#2Pocket OptionSocial trading available3.6 / 5Lowest Trading FeesOfficial website
#3RaceOptionOffers generous welcome bonuses2.3 / 5Range of AssetsOfficial website

FAQ

Is binary options trading legal in the UAE?

Yes, trading with binary options in UAE is legal, being regulated by the Securities and Commodities Authority (SCA).

Are profits generated with options trading taxed in the UAE?

Profits generated with options trading in UAE are subject to 0% private and corporate income tax.

What are the most common ways to manage risk when trading binary options?

The most common strategies to limit risk of loosing money when trading with binary options include using a demo account, risk management tools, portfolio diversification, and effective capital management.

Is trading with binary options recommended for beginners?

Binary options trading involves high risk of loosing money and is not recommended for beginners.

How much money do I need to start binary options trading?

The minimum recommended amount to start trading with binary options ranges between $500 to $1,000. Furthermore, traders should limit trading positions to 2% of their total trading capital.

What is the most popular binary options broker in the UAE?

According to our research, Pocket Option is the most popular binary options broker in the UAE, followed by Dukascopy, and Race Option.

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.

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