Page Summary
This guide helps users to find the best web-based trading platforms in UAE. There is a variety of online brokers in the UAE offering web based platforms. Due to the growing number of reliable, as well an unreliable providers, it is often hard to choose the right option for certain trading goals, needs and preference.
Avoiding proper research and comparison of different services can lead to traders selecting a platform that is lacking in security, transparency, trading features and support.
This guide assesses 102 online brokers in UAE with web based platforms. To help users find the ideal option for their trading preferences, the best web-based trading platforms in UAE are ranked, reviewed and compared considering assets, trading fees, platforms & tools, deposit & withdrawals, customer support and regulation.
Best Web-based Trading Platforms in The UAE
- Interactive Brokers – Top Overall Web Platform
- eToro – Best Web Platform For Beginners
- Saxo Bank – Ideal For Professionals
- AVAtrade – Best CFD Platform
- IG Trading – Best For Forex
Top Web-Based Trading Platforms in UAE Reviewed
The best web-based trading platforms in UAE are reviewed in more details below.
1. Interactive Brokers – Best Web Trading Platform Overall
Min Deposit: $0
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 an American investment firm, founded in 1978. It has a variety of web trading platforms including Client Portal, IBKR EventTrader, and IBKR GlobalTrader. All platforms offer access to a variety of financial instruments, including stocks, ETFs, bonds, mutual funds, options, and futures.
Interactive Brokers web-based trading platform features are listed below.
- Detailed real-time quotes
- Advanced charting (with technical indicators like SMA, EMA, and Bollinger Bands)
- Live news stream
- Advanced fixed-income scanner
- Market scanners
All web platforms offer excellent research and analysis tools including IBKR GlobalAnalyst, PortfolioAnalyst, and Interactive Advisors. Users also have access to extensive educational materials such as IBKR Campus, Traders’ Academy, the IBKR Podcasts, IBKR Quant Blog, webinars, the Student Trading Lab and short videos.
Interactive Brokers charges low fees, starting at 0,1 pips (EUR/USD).
The minimum deposit at Interactive Brokers is $100. Deposits and withdrawals are available through direct ACH transfer, bank wire transfer, or by mailing a check.
Interactive Brokers’ customer support is available via live chat, email, and phone in English and Arabic.
Key features if Interactive Brokers Web Platform are listed below.
- Vast Coverage Of Markets – access to 150 markets, including forex, stocks, ETFs, crypto, bonds, REITs, mutual funds, options and futures.
- Great Web-based Trading Platform and Features – Interactive Brokers’ Client Portal has excellent web-based trading features, such as detailed portfolio tracking tools, one-click trading, and an extensive toolkit featuring technical indicators and drawing tools. Users can choose to connect their trading account with TradingView to utilise even more features like dynamic charting.
- Algorithmic Trading via APIs – Users are allowed to deploy Export Advisors and use Robo-Advisors, and other forms of automated trading software.
- Broker-Assisted Trades – IBKR’s professional brokers are available to assist users in placing orders and closing positions.
- Advanced Analytical and Market Research Tools – include Fundamentals Explorer, Mutual Fund/ETF Replicator, Risk Navigator, Bond Scanner, and other analytical and market research tools.
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
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. eToro – Best Web Platform For Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro is an international online broker, founded in 2007. Their web based platform has an intuitive design for starters. It features a variety of beginners trading tools such as easy buy/sell options, one-click trading, and social copy trading functionalities.
eToro offers access to over 3,000 different financial instruments, including stocks, ETFs, commodities, forex pairs, indices, and cryptocurrencies. They also provide access to long term investment opportunities via SmartPortfolios and cryptocurrency staking programs.
eToro charges $0 commission on stocks and ETF’s. Forex traders pay a competitive spread of of 0,9 pips (EUR/USD). The minimum deposit at eToro is $50.
eToro supports a variety of deposit and withdrawal methods including credit/debit cards, bank transfers and e-wallet payments.
eToro’s customer support is available via email and live chat in English, Arabic, and over 15 other languages.
Key Features of the eToro web based platform are listed below.
- Broad Selection of Available Instruments – eToro’s web-based trading platform provides users access to over 3,000 financial instruments, including: stocks, ETFs, forex pairs, commodities, indices, and cryptocurrencies.
- Intuitive Trading Interface – eToro’s web-based trading platform has an easy-to use trading interface, great for beginners.
- Social Copy Trading Features – allow users to copy trades of professional traders. This is great for both beginner traders and traders that don’t have the time to trade the markets themselves.
- Access to Trade Ideas – eToro supplies its users with great trade ideas through high-quality blog posts and daily technical and fundamental analysis.
Pros
- Access to over 4000+ tradable symbols
- Great overall market coverage
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Great cryptocurrency trading features
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools missing
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
3. Saxo Bank – Best For Professionals
Min Deposit: $5000
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 Danish investment bank, founded in 1992. Their web-based trading platform (SaxoTraderGO ) offers access to over 100,000 different financial instruments, including stocks, ETFs, options, futures, forex, forex options, CFDs, commodities, bonds, mutual funds, and cryptocurrency ETPs.
Trading features available on Saxo Bank’s web platform (SaxoTraderGO) are listed below.
- Enhanced trade tickets (simplifies order placement)
- News and research (allow access to news and analysis provided by Saxo’s in-house experts and leading third-party providers directly from within the trading platform)
- Technical analysis tools ( automated trading signals, dynamic charting features, and a wide selection of annotation tools)
- Extensive charting tools (offer integrated charts, over 40 technical indicators and various drawing tools)
- Detailed option chain (provide in-depth data about FX vanilla and touch options, indices, and futures)
- Innovative risk management features (allow users to minimise their losses and maximise their gains)
- Performance Analysis tools
| Asset Class | Trading Fee Commissions |
| Stocks | Commissions starting at $1 on US stocks |
| ETFs | Commissions from $1 on US-listed ETFs |
| Futures | Commissions starting from $1,25 per contract |
| Bonds | Commissions starting from 0,05% on government bonds |
| Listed Options | Commissions as low as $1,25 per contract |
| Mutual Funds | $0 commissions, custody, and platform fees |
Saxo Bank’s minimum deposit is $2,000. Deposits and withdrawals are limited to debit cards and bank wire transfers.
Saxo Bank’s customer support is reachable through email, live-chat, and by phone in English, Arabic, and over 15 other languages.
Saxo Bank Key Features for Web-Based Traders
- Wide Selection of Financial Instruments – users can trade stocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, forex, forex options, crypto FX, CFDs, and commodities with Saxo Bank.
- Innovative Risk Management Features – such as stop orders, detailed margin breakdown, margin alerts, and the account shield. Those allow traders to manage their risk and micro-manage their positions.
- Premium Level 2 Market Data Access – users can subscribe monthly to receive access to premium level 2 market data access.
- Algorithmic Trading via APIs – Saxo Bank’s APIs (Saxo FIX and OpenAPI) allow users to deploy Expert Advisors and connect third-party solutions.
- Vast Library of Educational Material – include tutorials, podcasts, videos, events, webinars, and one-on-one mentoring sessions to enhance your trading knowledge and skills.
- In-depth Research Hub – include daily news, SaxoStrats analysis, price data, trade ideas, and live market commentary.
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
69% of retail investor accounts lose money when trading CFDs with this provider.
4. AVAtrade – Best Web Platform For CFDs
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AvaTrade is an ADGM and DFSA regulated broker, founded in 2006. Their web trading platform (WebTrader) offers access to a wide range of instruments (1,300) including CFDs, forex currency pairs, forex options, and cryptocurrencies.
AvaTrade’s web platform allows a wide range of third party integrations including Trading Central (for technical insights and instant pattern recognition) and TradingView (for research and analysis). Users also have access to copy trading features through Avasocial, Duplitrade and Zulutrade. Further trading tools include AvaProtect, one-click-trading and GuardianAngel.
Avatrade charges low fixed spreads of 0,6 pips (EUR/USD). AvaTrade doesn’t charge any margin interest or other forms of commissions.
The minimum deposit at AvaTrade is $100. Deposits and withdrawals are available through debit/credit cards, wire transfers and e-payments (Skrill, Neteller, PayPal, WebMoney, Dinpay, Boleto, and FasaPay).
Customer support at Avatrade is available via email, live chat, and phone in Arabic and English.
AvaTrade Key Features for Web-based Traders:
- Wide Selection of Tradable Assets – Users have access to over 1,300 financial instruments, including stocks, forex, forex options, commodities, indices, ETFs, bonds, and cryptocurrencies.
- Social Trading Features – Avasocial, Duplitrade and Zulutrade
- Multiple Risk Management Tools – AvaProtect, and Guardian Angel, stop losses, and take profits.
- In-depth Analysis Tools – provided by Trading Central
- Professional and Personal Support – Users that deposit a minimum of $1,000 have access to a personal account manager.
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
71% of retail CFD accounts lose money
5. IG Trading – Best Web-Based Platforms for Forex
Min Deposit: $5500
Fees: 3.7
Assets available: 4.5
Total Fees:
IG Group is an online trading provider, founded in 1974. It is listed on the FTSE and has over 2,500 employees globally. Their web-based platform has an easy to use interface. It allows access to over 18,000 financial instruments, including 80+ forex pairs, CFDs, shares, raw materials, futures, bonds, mutual funds, and cryptocurrencies.
Trading tools available on IG Market’s web platform are listed below.
- Real-time market prices and spreads.
- Risk management tools (stop-losses, guaranteed stops, limit orders, and price alerts)
- One-click-trading
- ProRealTime
IG offers commission-free CFD and forex trading. However, direct market access (DMA) and ProRealTime Charts require a monthly subscription of $12 and $30. IG charges non-trading fees in the form of currency conversion fees of 0,5%.
The minimum deposit at IG is $250. Deposits and withdrawal methods include debit/credit cards, e-wallet payments and bank wire transfers.
IG’s customer support is available via email, live chat, and by phone in English, Arabic, and over 10 other languages.
IG Key Features for Web-based Traders:
- Broad Range of Trading Instruments – including 80 forex currency pairs, CFDs, shares, commodities, bonds, mutual funds, indices, futures, options, and cryptocurrencies.
- Dynamic Charting Features – users can perform analysis across 9 timeframes, from tick–to-tick to monthly and compare up to 4 timeframes per chart.
- In-depth Analysis Tools – with 28 indicators, including MACD, RSI, and Bollinger Bands, and 19 drawing tools.
- One-Click Trading – users can trade and manage their positions with a single mouse click.
- ProRealTime Integration – users can integrate ProRealTime to the web-based trading platform to access level 2 order data.
- Vibrant Trader Community – allows users to interact with other traders from the community.
Pros
- Access to over 17,000 markets
- Cutting-edge mobile and desktop trading platforms
- Excellent customer support and broad range of educational material
Cons
- High fees on CFDs
- Few banking options
75% of retail CFD accounts lose money
How To Find The Ideal Web Trading Platform and Broker in UAE?
Criteria that help selecting the best web platform and broker in the UAE are listed below.
- Trading Instruments – Brokers and web-trading platforms with a wide range of tradable assets should be preferred. This increases overall chances for profit. The most common trading instruments include forex currency pairs, derivatives (CFDs), shares, commodities, ETFs, options, futures, bonds, mutual funds, and cryptocurrencies.
- Third Party Integrations – Brokers have different third-party integration capabilities. Some of the most popular include MetaTrader 4, MetaTrader 5, cTrader, and TradingView. Traders should consider their trading style, trading goals, and personal preferences.
- Research and Analysis Tools – A wider range of research and analysis tools helps traders in making more educated trading decisions. This increases chances for profit. Traders should prefer brokers that offer a wide range of research and analysis tools, including indicators, dynamic charting features, and an economic calendar.
- Fees (Spreads and Commissions) – Two types of fees need to be considered: trading fees (spreads and commissions) and non-trading fees (overnights, conversion fees, deposit and withdrawal fees, and inactivity fees). Brokers with lower overall fees should be preferred.
- Regulation – Brokers with multiple top-tier regulators should be preferred. They decrease chances of losing money because of scams.
- Personal Preferences – Preferences that need to be considered when choosing a web-based trading platform include: religion (Islamic account availability), language (Arabic, English), and trading style (automated trading, swing trading, day trading, algorithmic trading, leverage).
Top Brokers Offering Web-Based Platforms Compared
Online brokers with the highest ranked web-based platforms are compared in the table below.
| Broker | Interactive Brokers | eToro | Saxo Bank | AvaTrade | IG |
| Tradable Assets | Stocks, ETFs, options, futures, FOPs, event contracts, spot currencies, cryptocurrencies, US spot gold, bonds, mutual funds, hedge funds | Stocks, cryptocurrencies, indices, commodities, forex, ETFs, NFTs | Stocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, forex, forex options, crypto FX, CFDs, commodities | Stocks, forex, commodities, FX options, cryptocurrencies, indices, ETFs, bonds | Stocks, options, forex, raw materials, cryptocurrencies, futures, ETFs |
| Spread on EUR/USD | From 0,1 pips | From 0,6 pips | From 0,5 pips (on VIP account) | From 0,9 pips | From 0,6 pips |
| Max. Leverage | 1:100 | 1:400 | 1:200 | 1:400 | 1:200 |
| Copy Trading Tools | ✗ | ✓ | ✗ | ✓ | Yes, via MetaTrader |
| Regulators | SEC, CFTC | CySEC, FCA, ASIC | FSA, FCA, ASIC, CySEC, MiFID, AFM, ADGM, DFSA | ADGM, DFSA, FCA, CySEC, ASIC, FSA, JFSA, FSCA, ISA | FCA, BaFIN, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, FINRA |
| Educational Resources | IBKR Campus, Podcasts, Webinars, Short Videos, Trading Glossary, Blog Posts | News and analysis, eToro Academy, eToro Plus, Digest & Invest | Events and webinars, podcasts, video series, SaxoStrats one-on-one mentoring sessions | Articles, videos, webinars, glossary, courses, quizzes | Articles, videos, webinars, seminars, presentations, podcasts, glossary, community |
| Customer Support | Email, Phone, Live Chat | Email, Phone, Live Chat | Email, Phone, Live Chat | Email, Phone, Live Chat | Email, Phone, Live Chat |
| Swap-free Account | ✗ | ✓ | ✓ | ✓ | ✓ |
| One-click-trading | ✓ | ✓ | ✓ | ✓ | ✓ |
| In-platform Analysis Tools | Detailed real-time quotes, Advanced charting, Live news stream, Advanced fixed-income scanner, Market scanners | Technical indicators, news feed, price alerts, trading signals | Automated trading signals, dynamic charting, annotation tools | Live sentimental analysis tool, AvaProtect, Trading Central | Detailed real-time quotes, Advanced charting, price alerts, trading signals |
| News Feed and Economic Calendar | ✓ | ✓ | ✓ | ✓ | ✓ |
| Compatibility | Windows, Mac, Android, iOS, Linux | Windows, Mac, Android, iOS | Windows, Mac, Android, iOS, Linux | Windows, Mac, Android, iOS | Windows, Mac, Android, iOS, Linux |
What Are Web-Based Trading Platforms?
Web-based trading platforms are online trading platforms that allow traders to trade directly from the web browser. In other words, web based platforms don’t require the trader to download and install any software on their device.
What Are The Disadvantages Of Using a Web Based Trading Platforms Compared to a Desktop Platform?
Disadvantages of using a web-based platform compared to a desktop platform are listed below.
- Limited Functionality – Web-based platforms have limited functionality compared to desktop platforms. This is because web platforms rely on web browsers and internet connections, which may not be capable of offering all the required features and tools in a timely manner.
- Slower Execution Speeds – Web-based trading platforms often have slower execution speeds. This is because they are dependent on stable internet connections, which can be slower at times and cause increased latency and interruptions.
- Security Risks – Web-based trading platforms are more vulnerable to security risks ( hacking or malware attacks). They are prone to a wider variety of security risks, including key-logging and browser extension hacks.
- Dependence on the internet connection – Web-based trading platforms require a stable, fast, and constant internet connection to work correctly. Internet connection interrupts increased latency, disconnections, and other problems that can have an influence on the trading profitability.
- Compatibility issues – Web-based trading platforms aren’t compatible with all browser types. This can limit the number of devices traders can use for trading and investing.
What Are The Biggest Advantages Of Using a Web Based Trading Platform?
Advantages of using a web-based platform as a UAE user are listed below.
- Accessibility – Traders have access from any device with an active internet connection, including laptops, tablets, and smartphones.
- Ease of Use – most web versions have easy-to-use interfaces that allow traders to navigate, place, and manage their orders easily.
- No Software Installation – it saves time and removes the need of updates
- Reduced Costs – Web versions are usually cheaper than desktop versions. Users don’t need to buy any software or hardware.
- Automatic Updates – are processed directly by the broker which allows users to have automatic access to the latest updated of tools and features.
What Trading Tools Are Only Available on Web Trading Platforms?
Trading tools that are only available on web trading platforms are listed below.
- One-click Trading – allow traders to execute trades with a single click or tap. This helps traders place and manage their trades more efficiently.
- Social Trading – allow traders to copy and follow the trades of experienced traders directly from their own accounts on complete auto-pilot.
- News Feeds and Economic Calendar – allow traders to stay up-to-date regarding important news publications that can impact their trades and decision-making.
- Trading Signals – allow traders to receive notifications when the assets on their watchlist reach certain market conditions. This can be useful for generating profitable trading ideas and increases chances for profit.
- Trading Community – allows traders to engage with each other in form of sharing trading ideas and strategies.
- Risk Management Tools – Web-versions have a broad range of risk management tools, including stop-loss, take-profit orders, and negative balance protection.
Conclusion
The variety of online brokers in UAE offering different services and conditions on desktop platforms makes it hard to find the ideal option for individual needs. Researching and comparing offers can be stressful and require time and knowledge.
This guide does the hard work for you by comparing and evaluating the top choices for different types of traders and trading goals. The results of our analysis of online brokers with the best web-based trading platforms in UAE are wrapped up in the table below.
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.
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | Interactive Brokers | Industry leading fee structure | 4,9/5 | Overall | Official website |
| #2 | eToro | Industry leading social/copy trading app | 4,9/5 | Beginners | Official website |
| #3 | Saxo Bank | Industry leading market coverage | 4,9/5 | Professionals | Official website |
| #4 | AVAtrade | Great Customer support | 4,9/5 | CFDs | Official website |
| #5 | IG Trading | Cutting-edge mobile and desktop trading platforms | 4,2/5 | Forex | Official website |
FAQ
Do web based trading platforms work on all browsers?
Most brokers offer web based trading platform that comply work with the most popular browsers including Google Chrome, Mozilla Firefox, Safari, and Microsoft Edge. However, the performance of web based platforms can be limited to certain versions and updates.
Do I need to install any software to trade with a web-based platform?
No, generally web based platforms do not require any software download or installation from the user.
Do web-based trading platforms offer customisation options?
Most brokers offer web based platforms that allow customisation options based on traders preferences including layout shifts of charts and windows, theme colour modification, data fields selection and watch-lists creation.
Can web based platforms be accessed from any computer or device?
Yes, web based platforms are designed to be accessible from any device with an internet connection and browser compatibility.
Are web based trading platforms safe?
The safety of web-based trading platforms depends on the brokers safety measures. The most important measures include anti phishing protection, encryption and security protocols to protect users’ personal and financial information.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, 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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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.
Stefan Grasic is the owner of 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 stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level.