Top 20 Trading platforms in the UAE

If you want to start online trading in the UAE, then the right platform is an important factor for long-term success. The platform you pick will directly affect your trading experience, return, and safety, if you are a beginner or an experienced trader. The UAE is a fast-grow financial market in the world. The trader will get a wide range of licensed, trusted, and user-friendly trading platforms. 

In this guide, we have listed the top 20 trading platforms in the UAE. Each trading platform has been evaluated so you are aware of each platform's strengths and weaknesses, as well as how they adapt to various trader profiles and strategies. No matter whether you wish to invest in stock options, forex trades, commodities, or cryptocurrency assets, this guide offers comprehensive coverage that helps you make informed decisions about the best options available.

The Importance of Picking the Right Online Trading Platform for Financial Success

A quality online trading platform must provide its users with the following:

• A secure, regulated environment to trade within
• An easy to set up an account
• Low trading fees
• Quick deposit and withdrawal methods
• Access to global and local markets
• Tools for Technical analysis, charts, etc.
• Mobile apps for on-the-go trading.

For the UAE investors who will be investing their actual money it is important to select a reputable and trustworthy trading platform so you can rest assured that your investment will be protected and easily accessible to you at all times.

Trading Platforms UAE Top Twenty

The following list of platforms is perfect for both beginners and advanced traders.

1. eToro 

eToro is a global leader in the trading space. eToro allows users to engage in the copy trading of other users (most notably professional traders), and offers everything from stocks to cryptocurrencies, to commodities to foreign exchange. Additionally, eToro is entirely regulated and offers users a beginner's experience.

2. Saxo Bank 

Saxo Bank offers a sophisticated trading experience with more than forty thousand instruments. Saxo is an ideal option for serious traders who want access to comprehensive market insights and professional trading tools.

4. ADSS

ADSS is a trading broker based in the UAE, regulated by the Securities and Commodities Authority (SCA). It provides high-security access to trading forex, CFDs, Commodities, and Indices for UAE investors.

5.  IQ Option 

IQ Option is a trading platform that is gaining popularity among beginner traders thanks to its straightforward mobile interface and easy-to-use trading process. This platform has a very low minimum deposit.

6. Binance

Binance is the largest crypto trading platform in the world. This platform provides users in the UAE, and it also supports thousands of cryptocurrencies. Binance has advanced charts and very low transaction fees for each trade executed.

7. Coinbase

The people are looking for an easy way to trade and store cryptocurrency securely, so Coinbase is a good option. This platform has full regulations, a solid reputation for being trustworthy. This platform has great options for withdrawing funds from the UAE.

8. Alpari

Alpari is a very popular Forex trading platform in the world. They provide access to the MetaTrader 4 and MetaTrader 5, MT4 and MT5 platforms. Additionally, it provides very competitive spreads and excellent customer service for its clients located in the Middle East.

9. AvaTrade

AvaTrade is a totally regulated platform, and it provides many trading platforms, including the AvaTradeGO platform and the MetaTrader platform. This platform is a great option not only for Forex traders but also for CFD traders.

10. Plus500

Plus500 is an easy-to-use online trading platform for CFDs that is suitable for traders of all skills. The Plus500 trading platform has a very simple appearance which makes it very easy to get on and start trading if you are new.

11. IG Markets

IG Markets has a very long history and was one of the first brokers to offer this kind of service over the internet. It is a very reliable broker and therefore its platform is considered one of the best worldwide. Besides the thousands of instruments available for trading, IG Markets also provides its clients with advanced trading functionalities and great educational resources.

12. XM

XM is a highly regarded and well-established forex broker that is recognized worldwide and set up in Cyprus. The broker XM provides its clients with extremely low costs, very small price differences, various trading platforms among them the very popular MetaTrader, and also outstanding training materials.

13. Pepperstone

Pepperstone has become famous with speedy order execution and low prices among brokers. Security and trustworthiness have turned Pepperstone into a broker of choice among professional forex traders.

14. Exness

Exness is a significant player in the forex trading arena in the Middle East, especially in the UAE. Instant withdrawal options and flexible margin requirements are the hallmarks of Exness.

15. Forex.com

Forex.com is a global trading platform with strong regulation and an extensive array of trading tools. Traders who value safety and reliability will find Forex.com an excellent fit.

16. Robinhood (International Access)

Although Robinhood is not available in all regions, many traders in the UAE as well as other areas are making use of Robinhood's International access option to trade U.S. stocks directly from the Robinhood app using zero-commission trading.

17. Deriv

Deriv is a new trading platform, including Binary Options, Forex, CFDs, and many others. The platform is very user-friendly and also provides an Automated Trading feature.

18. Kraken

Kraken is a well-respected and reputable provider of cryptocurrency trading. In addition to providing security for cryptocurrency users, the platform has a full selection of cryptocurrencies as well as advanced features such as futures trading, staking, margin trading, etc.

19. Yallashare

Yallashare is an online trading platform for UAE investors. This platform offers a great alternative to buying and selling UAE stock shares using a simple interface.

20. DFM App

The Dubai Financial Markets mobile trading application delivers a direct and secure channel for investors to the DFM-listed companies. The app is operated in Dubai and hence is regulated, user-friendly, and safe for the residents of the UAE.

What To Consider When Selecting A Trading Platform In The UAE

The decision regarding a trading platform in the UAE should be made by taking into account the following features:

1. Regulatory Bodies

Choose a trading platform that is under the full supervision of at least one of the following regulatory bodies:

• Securities and Commodities Authority of The UAE - SCA
• The Dubai Financial Services Authority - DFSA
• The Abu Dhabi Global Market - ADGM

Regulatory bodies not only give a guarantee of the safety of your funds but also monitor the compliance of the trading platforms with the regulations.

2. Fees and Spreads

Evaluate the comparison for deposit fees, withdrawal fees, and trading spreads. If you do not have a low-fee trade platform, then you will end up spending significantly more over time.

3. Available Markets

Some available trading website:

• Forex
• Stocks
• Cryptocurrency
• Commodities
• ETFs
• Indices

4. Ease of Use

It may be easier for people who are just starting to use a simple app such as eToro, IQ Options, or Binance.

5. Deposit & Withdrawal Methods

Choose a platform which provide:

• Bank transfers
• UAE credit/debit cards
• Local payment methods
• Quick withdrawals

 6. Customer Service

Customer service should be available 24/7, as this can be beneficial for the new trader, especially if they are experiencing problems during the set-up or if they are experiencing tech issues

How Flyingcolour Business Setup Can Help You?

To start a business that focuses on trading/investment within the United Arab Emirates, you need to obtain a license, comply, and complete your documentation. Flyingcolour Business Setup will assist you every step of the way to ensure that your business is compliant with UAE regulations. Flyingcolour® can help with:

 1. Choosing the Appropriate Jurisdiction for your Business

Whether it is Mainland, Free Zone, or Offshore, the team will assist you in determining the most beneficial jurisdiction for your trading goals and budget.

 2. Completing Documents and Ensuring Compliance

We will prepare all of the documents required for your business to be compliant with the UAE's Financial Regulatory Authority, including Know Your Customer and Anti-Money Laundering regulations.

 3. Applicable Regulatory Authorizations

We assist you in obtaining licensing/approval from the relevant regulatory agencies, including the SCA, DFSA, ADGM, and other applicable regulatory bodies.

 4. Corporate Entity Creation:

We can provide you with services to complete the formation of your corporate entity and perform all necessary government filings.

 5. Opening a Bank Account:

We will assist in opening a corporate bank account with a recognised UAE Bank to support your investment and trade initiatives.

Frequently Asked Questions (FAQs)

 1. Which trading platforms are recommended for beginners in the UAE?

The trading platforms that have gained the most popularity in the UAE are eToro, IQ Option, and Plus500 due to their simplicity and the low minimum deposit requirement.

 2. Is online trading legally allowed in the UAE?

The trading is through a regulated platform that has been approved by the UAE authorities.

 3. Is trading with cryptocurrencies allowed in the UAE?

Traders in the UAE can access global platforms like Binance, Coinbase, and Kraken, which are all regarded as the best for trading digital currencies.

 4. How much capital is necessary to start trading?

Several brokers allow clients to open an account with a minimal payment of AED 50*-100*.

 5. How secure are the trading platforms in the UAE?

Platforms with licenses from the Securities and Commodities Authority, Dubai Financial Services Authority, or Abu Dhabi Global Market are believed to be secure and reputable.

 6. Is it necessary to pay taxes on trading profits in the UAE?

No, the UAE does not tax individuals' incomes or capital gains of individual traders.