Finding the best online trading platform in UAE is very helpful, because there are a large variety of options. It can also be difficult, just because you donโt always know what option to go for. In the end, finding a great trading platform for the United Arab Emirates can help give you the upper hand. You will have a much better trading experience, and the return can be very good.
How can you choose a trading platform in the UAE?
Whether you want to trade in UAE or anywhere in the world, there are a few things to focus on when choosing a trading platform. Here are the most important features to look for when it comes to choosing one of the top 10 trading platforms in UAE or anywhere else!
- Their interface is very important, ideally they should have a very simple, easy to understand interface. It does help to have complex features, but realistically, you want ease of access. So a lot of the time, simplicity does help and it leads to a much better, more cohesive experience in the long run.
- Check the commissions and fees they are asking for the service. As you can imagine, fees will vary quite a lot, and they do depend on a multitude of things. Speed of service, ease of use, all of these will impact prices. Make sure that you assess the fees to see what works for you and what doesnโt.
- Do they offer support for third party tools and the latest trading tech? The best trading platform might do that, some of them wonโt. When you want to find the best online trading platform in UAE, these things will be extremely important and something to keep in mind.
- Security is key for any of the best online trading platform in UAE free. Ideally, you want to work with a team that you can trust and which can give you an excellent value for money. However, security is paramount. You want the transactions to be encrypted and safe. Otherwise, you can run into the risk of losing your money, and that is problematic.
- You also want the best online trading platform in UAE for beginners to have lots of educational resources. Itโs very helpful to have all kinds of documentation that will help, and it will certainly eliminate a lot of potential risks and issues. Knowing how to trade and learning through trial and error helps, but you do want to keep any issues or challenges away, if you can.
- The best trading platform for beginners in UAE should also have analysis and research tools. Those are crucial, because as an investor, you do want to ensure all the info is there for you. That might not seem like a lot, but itโs definitely going to help if you can access great analytics tools.
- It also comes in handy to have multiple investment options as well. The more variety you have when it comes to investment options, the better it will be. That alone can be a game changer and a wonderful way for you to focus on trading.
Aside from these, you might also have personal preferences. When it comes to trading, itโs always a great idea to avoid any rush and focus on generating a great experience. Remember, you need to perform your due diligence before choosing any of the best trading app in Dubai options or any trading platform in general. Checking if they have a demo account, if they connect with your local or saxo bank, all of that will matter. The same thing is valid when you need advanced features and tools. The more you look into the platform, the better it will be.
Whatโs the best online trading platform in UAE?
eToro
Even if eToro is not based in the UAE, it certainly has a lot of users there, and for a very good reason. Over the years, it managed to provide users with a very good return, and at the same time, it also comes with social or copy trading features. So even if you donโt really know how to trade, you can start copying someone that knows, and they get a tiny margin from your profit.
Also, eToro does a very good jo at offering more than 5000 different trading instruments. There are shares, commodities, forex pairs, crypto, stocks and many others. So regardless of how you want to trade, there are options for you here. Not only that, but itโs a great online broker that offers a demo account. That means itโs one of those interactive brokers that will provide great info and knowledge, and you will find the experience to be great overall.
With that in mind, eToro also has a VIP program, and some trading tools are exclusive to that. Plus, the fees can be a bit high, especially for crypto trading. Yet even so, this is one of the better options for investors and it can provide excellent quality and value. Yes, it can take a little to get used to the platform and its interface. But all in all, itโs totally worth it.
AVAtrade
If you want to do CFD trading or youโre a beginner, AVAtrade can be a solid option to keep in mind. They do have negative balance protection, and they do bring you 8 different trading platform options to consider. They give up to 30:1 leverage, no commissions, instant order execution, along with low spreads.
That being said, if you are inactive, you will have to pay an inactivity fee. Thereโs also the focus solely on CFD trading, so you are quite limited in regards to the things that you are able to trade. Then again, they also have AVAtrade educational materials and tools you can use. So even if youโre new to CFD trading, it can help quite a lot, and it will certainly make the experience a whole lot better than expected.
Plus500
Plus500 is one of those platforms that stand out with their great mobile app. Some consider Plus500 to be the best online trading platform in UAE solely based on the mobile trading experience. They do offer tons of info and you can open a live account at a lower price when compared to others. Itโs a beginner-friendly platform with low spreads, and you will have commission free trading for CFDs and stocks. They do charge 1% on crypto trades, so keep that in mind.
What we like about Plus500 is the fact that itโs fully regulated by the DFSA, and you get around 3000 different financial instruments. Keeping the minimum deposit low also means everyone is able to start trading and achieve great results without that much of a hassle. Plus, They do have a free demo account, lots of resources to learn, and overall the experience is quite great.
There are a few things you want to keep in mind. You need separate balances for certain investments, and there arenโt that many long term investments. Thatโs fine, but itโs also something you have to think about when choosing to invest in this particular manner. And on top of that, they donโt have very advanced features. A beginner will find Plus500 to be great for them, but someone looking for more advanced trading systems and features might go with another option. Itโs still a great one to consider, so keep that in mind.
Pepperstone
Pepperstone can be good if you want to focus on CFD trading. Itโs definitely in discussion for the best online trading platform in UAE in that regard. That being said, the company itself is from Australia, but it has been doing well in the UAE, thanks to their great fees and also the numerous financial instruments provided. They are particularly good at algorithmic trading, and on top of that, they also have social trading.
The fee structure is competitive, and Pepperstone themselves do a very good job when it comes to educating people and offering them all the necessary information. They also integrate quite nicely with third party platforms, a thing that not everyone will do. On top of that, they donโt have a lot of advanced order options, but they do bring in an amazing quality and solution, while offering an extensive array of benefits at the same time.
Sarwa
Sarwa is based in Dubai and they are a very comprehensive broker with support for over 4000 trading instruments. They have a $0 minimum deposit, which means you can start trading quite easily and not worry about spending too much. Since itโs a local trading platform, they know the local financial markets very well. On top of that, they have all the features you would need from an online broker.
Yet at the same time, you also receive very good support and assistance, along with a large array of different solutions. It just helps deliver an outstanding value, and the quality received is second to none every single time. Thatโs why we think itโs a great idea to give Sarwa a try, even if it lacks a demo account.
Being able to trade without a minimum deposit is a game changer for a lot of people, and it definitely provides a very good experience. Plus, you can work closely with some financial advisors from Sarwa. They will guide you and figure out the best investment process that will provide you with solid returns. There are some limits, as we said thereโs no demo account, and crypto portfolios are limited. But still, Sarwa is worth a shot and itโs definitely an interesting way to trade online in the UAE, all you need is to check it out!
Interactive Brokers
Interactive Brokers is one of the better options when you look for the best online trading platform in UAE. They do an excellent job at offering a plethora of different trading options, and they also provide tons of info and analytics. That way, it becomes much easier to know how a specific trade evolved, how you can improve upon it and learn. Itโs important to study everything accordingly, and in doing so, the return can be extremely impressive.
That being said, Interactive Brokers is also known for being very secure. Their fees are ok, they could be lower. With that in mind, the service provided is indeed great, and they constantly enhance and improve upon their offers. Itโs a great idea to test things out, see the value they can provide, but the ROI as a whole will be great in the long run. So itโs important to at least give them a shot and learn from their educational tools, which are aplenty.
ActivTrades
ActivTrades is also quite impressive when it comes to trading. What they do is they have an FCA regulation, and you donโt have to deposit a certain amount of money to start trading. That alone is great for a lot of people, because it eliminates concerns, while enhancing the process in a very cohesive manner. And in the end, you will find the ActivTrades experience to be streamlined, but also very professional.
That being said, they arenโt going to stand out immensely when it comes to trading features. Instead, the focus is on beginners, so experts might find this experience a little lackluster. They also donโt have a lot of long term investment options when compared to other brokers. Itโs certainly important to keep that in mind, if you want to start trading here. Yet overall, the trading experience is good, they do offer proper support, and the financial instruments are great as well. So itโs certainly one of the trading platforms that you should consider using, not to mention itโs very easy to understand as well and with great educational tools!
Trading 212 Invest
Trading 212 Invest is from the UK, but they do offer commission-free trading in the UAE. Thatโs great if you want to find the best online trading platform in UAE. And they do a very good job at keeping a multitude of trading options open. They do lack investment research tools, which can be problematic for some people.
However, we like the fact that they have monthly investing, thatโs great and it can indeed help you more than expected. They also have a wide range of investment options, not to mention the lack of trading fees does help quite a lot. Does the lack of research become a problem? Not really, but it might steer some people away from the platform. Thereโs no phone support, and certain fund structures are not available, either. Thatโs why it can be a great idea to check these out for yourself, and see which one fits your needs the most. Thereโs value to be had here, and itโs one of the platforms thatโs worth a look for sure.
HSBC
HSBC does provide some great trading solutions and they do have a platform for online trading. They even have a mobile app. The interface and information they provide is very good, and they do a really nice job when it comes to consistency and quality. That being said, HSBC does have fees that can be seen a bit high when compared to other platforms.
But they do offer great security solutions, and the value of their trading experience is also a lot better than expected. Add to that the fact that they do have a plethora of unique features specific to the UAE and a good deposit/withdrawal system, and you can see why a lot of people choose to use it. Granted, it might take a little bit to learn it properly, but this platform is totally worth using and you should check it out.
XTB
We should also mention XTB in the discussion for the best online trading platform in UAE. Yes, XTB is great, it has been around for a very long time, since 2002. And not only that, but they do provide a ton of investment products that you can choose from. They are licensed by the DFSA and they come with a lot of advantages.
For example, you have tons of educational materials, and the trading platform is fully customizable. Not only that, but you have access to a demo account, in case you want to know more info or learn other stuff as well. And yes, thereโs free stocks trading, along with a very good regulatory system. They do an excellent job overall, and you should totally consider giving them a try!
Conclusion
If youโre looking for the best online trading platform in UAE, then you should definitely check out all these amazing platforms. They all have a variety of trading options and solutions, each with its pros and cons. But in the end, they are widely regarded as some of the best in the industry. As an investor, they are all worth a shot, and you should definitely check them out for yourself to see what fits your needs. Rest assured that they are all worth trying!
