Finding the best online trading platform is essential to succeeding in the market. With the right platform, you can spot trading opportunities, act on breaking market news, and get access to the breadth of assets you need.
Of course, a big part of choosing the right trading platform is cost. That’s why we’re highlighting the most affordable trading platforms in Dubai and the UAE – many with 0% trade commissions,
Ready to find the best online trading platform in UAE and Dubai? Let’s dive into our top 6 picks!
Top UAE Trading Platforms 2021
- eToro – Overall Best Trading Platform in UAE & Dubai
- Libertex – Best MT4 Broker in UAE
- Capital.com – CFD Trading Platform with AI Trading
- Plus500 – Best Online Broker UAE & Dubai for Forex
- Skilling – Best Trading Platform with Zero Spread CFDs
- IG – Best Trading Platform in UAE for International Stocks
Best Trading Platforms UAE Reviewed
In order to figure out which trading platform is right for you, you need to do more than just scratch the surface. That’s why we’ve put together comprehensive reviews of the 6 best Dubai trading platforms.
Read on to find out what each of these brokers can offer for you!
1. eToro – Overall Best Online Trading Platform in UAE & Dubai
eToro is one of the most popular brokers in Dubai. This trading platform offers more than 2,000 stocks, over 800 of which come from the red-hot US market. In addition, you can trade dozens of forex pairs, 15 top cryptocurrencies, indices, commodities, and bonds with eToro. All trading is 100% commission-free.
Part of what makes eToro special is that it’s not just a CFD trading platform. You can opt to invest in shares or cryptocurrencies outright as well. That makes it suitable for long-term investors or cryptocurrency traders who want a full-fledged exchange.
eToro’s trading platform is available on web and mobile. The mobile experience is truly seamless, with full-screen charts, a scrolling news feed, and no limitations on features like watchlists and alerts. The charting interface is especially worth noting, since it includes more than 100 built-in technical indicators and dozens of drawing tools.
This platform also offers access to professional research for popular stocks. For example, you can see what price targets analysts have put on a company for the coming year. You can also access detailed financial information to help you judge what a company might be worth.
Perhaps the best thing about eToro is the social trading network baked into the platform. You can follow other traders from the UAE or around the world to share trading ideas or strategies. Even better, eToro allows you to copy other traders’ portfolios and mimic their trades. This enables you to follow along with professional traders in real-time and profit alongside them.
eToro is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The broker offers 24/5 customer support and you can get started with just a $200 deposit.
- Full-service cryptocurrency exchange
- 100% commission-free trading
- Excellent mobile trading app
- Integrated social trading network
- 24/5 customer support
- Small fee for withdrawals
75% of retail investors lose money trading CFDs at this site
2. Libertex – Best MT4 Broker in UAE
Libertex is one of the top CFD trading platforms in Dubai, offering dozens of forex pairs, over 80 stocks, and a handful of commodities. This platform might not have the largest selection of securities to trade, but it more than makes up for that with the quality of its platform.
Libertex actually has two platforms available. You can use the Libertex platform, which includes a variety of built-in technical studies, a news feed, a market sentiment indicator, and more. It’s available for web and mobile and provides a very user-friendly experience for traders of all levels.
Alternatively, you can use the MetaTrader 4 platform to trade forex with Libertex. This platform is more complex to get started with, but it’s incredibly powerful. MetaTrader 4 supports features like custom forex signals, algorithmic trading, and strategy backtesting. You can even build your own technical indicators using the software’s script editor.
Both the Libertex and MetaTrader 4 platforms are available for web and mobile.
Another thing that’s notable about Libertex is that this broker doesn’t charge spreads. Instead, Libertex uses fixed commissions of around 0.1% to 0.5% per trade depending on the asset. These commissions cost around the same as spreads at other brokers, but knowing how much an asset costs to trade and not having that number change constantly is a major plus.
Libertex is regulated by CySEC. You can open an account with just $100.
- Highly user-friendly trading platform
- Integrates with MetaTrader 4 for forex trading
- Supports forex signals and algo trading
- Fixed commissions instead of spreads
- Regulated by CySEC
- Limited selection of assets to trade
83% of retail investors lose money trading CFDs at this site.
3. Capital.com – Educational Tools for New Traders
Capital.com is a versatile trading platform that caters to both beginners and experienced traders alike. What makes this our favorite trading platform for new traders, though, is that the web and mobile apps are packed with educational features.
For example, Capital.com has a video library that covers topics like bid-ask spreads, how to use leverage, and how CFDs work. Some other trading platforms might explain these topics in articles, but Capital.com’s animated videos are a big step up in educational firepower.
The trading platform also includes educational courses complete with quizzes at the end. Once you feel ready to start trading, you can try out your new skills with a demo account.
Capital.com also has a lot to bring to the table for advanced traders. This platform offers CFD trading on more than 3,000 stock CFDs, 140 forex pairs, and 80 cryptocurrencies. All trading carries 0% commission, and Capital.com’s spreads hover at or slightly below the industry average. Notably, Capital.com doesn’t charge withdrawal or inactivity fees.
The trading platform itself features everything you need to make smart trading decisions. The technical charting interface includes dozens of indicators and drawing tools. There’s also a market news feed and economic calendar. Capital.com doesn’t have a lot of fundamental data or professional analyst research, but most traders won’t even notice these are missing.
Capital.com is regulated by the UK FCA and CySEC. You can get in touch with the broker 24/7 if you need support, and you can open a new account with as little as $20.
- Educational video library
- 3,000+ stock CFDs to trade
- 0% commission and no inactivity fee
- Advanced charting interface and news feed
- 24/7 customer support
- Limited fundamental data or research
Your capital is at risk.
4. Plus500 – Widest Selection of Forex Pairs
Plus500 is the trading platform of choice if you want to trade forex pairs, and especially exotic currency pairs, in Dubai. This broker carries CFDs for more than 70 forex pairs and has some of the lowest spreads we’ve seen. For example, you can start trading the popular EUR/USD currency pair with 0% commission and a spread of just 0.6 pips.
In addition to forex, Plus500 carries CFDs for more than 1,900 global stocks, 14 cryptocurrencies, 26 stock indices, and nearly 100 ETFs. This platform also allows you to trade stock options through CFD, which many competitors don’t carry.
Plus500 has its own charting and research interface, which we found to be extremely easy to use. The chart layouts are highly customizable and you get access to nearly 100 built-in indicators. On top of that, you can keep an eye on breaking news or economic events right in the same window as your chart.
Plus500 even tracks market sentiment for every asset, which is useful for gauging momentum. That said, you won’t find much analyst research or fundamental information for popular stocks on the trading platform.
This trading platform offers a handful of educational videos and tutorials, so it’s a good option if you need to brush up on skills. The broker also offers 24/7 customer support in case you ever need help with your account.
Plus500 is regulated by the FCA and CySEC. You can start trading with as little as $100, and the platform accepts Google Pay and Apple Pay if you’re trading on a mobile device.
- 0% commission and low trading spreads
- Dozens of currency pairs, including exotics
- Tracks market sentiment
- 24/7 customer support
- Accepts Google Pay and Apple Pay
- Inactivity fee after 3 months
- No professional analyst research
76.4% of retail CFD accounts lose money.
5. Skilling – Ultra-low Stock and Forex Spreads
Skilling is one of the cheapest trading platforms in Dubai. This broker charges no commissions, no deposit or withdrawal fees, and no inactivity fees. Even better, Skilling has spreads that seem almost too low to be true. The EUR/USD currency pair, for example, trades at just 0.3 pips – compared to an industry average of 1 pip.
This trading platform has a relatively wide selection of securities to trade, including over 700 stock CFDs, more than 70 forex CFDs, and a handful of commodities and cryptocurrencies. The broker is very upfront about how much it costs to trade every asset, which is another plus for this platform.
Skilling offers three different trading platforms, depending on your trading goals. The main Skilling platform is designed for a variety of traders from beginners to experts. It includes flexible charting capabilities, seamless order entry, and an integrated news feed and economic calendar. We especially liked the Trade Assistant, which walks first-time traders through the process of placing a trade.
More experienced traders can also use the cTrader platform or MetaTrader 4. The cTrader platform is designed to support algorithmic trading. It requires you to know the C# or .net coding frameworks, however, so it isn’t all that accessible to the majority of traders. MetaTrader 4 is a more user-friendly option for forex trading, as it supports forex signals, automated trading, and custom indicators.
Skilling’s trading platform is available for web and mobile, and we found both interfaces provide a good experience. One minor gripe is that the broker only accepts Skrill or Neteller for e-payments, not Apple Pay or Google Pay. In addition, Skilling only offers customer support for around 12 hours each day.
Skilling is regulated by CySEC.
- Incredibly low trading spreads
- Very transparent about fees
- Trade Assistant to walk you through trades
- Supports algorithmic trading
- Integrates with MetaTrader 4
- Limited customer service
75% of retail investor accounts lose money when trading CFDs with this provider.
6. IG – Best Trading Platform in UAE & Dubai for International Stocks
If you want the widest possible access to global markets, then IG is the trading platform for you. This broker has been around for over 45 years and is plugged into more than 17,000 markets around the world. You can trade more than 12,000 stocks, either outright or through CFDs. This broker also offers thousands of ETFs, hundreds of forex pairs, and stock options.
Navigating IG’s trading platforms can be somewhat confusing simply because this broker has so many options available. Generalist traders can use IG’s all-purpose trading platform, which offers in-depth technical charting, a news feed, and tons of fundamental financial data. Forex traders can use MetaTrader 4, while high-frequency CFD traders can turn to the L2 Dealer direct market access platform.
Whichever platform you choose, IG customers get access to a massive trove of research. This broker has a massive team of in-house analysts, so the company is often the first to issue reports on hot stocks or emerging asset classes. The trading platform also comes with daily trade ideas, which present an actionable way to start trading immediately.
The biggest downside to IG is that all of this infrastructure is expensive. IG charges commissions up to £8 for share dealing, although US shares trade for free. The broker also charges spreads on forex, stock indices, and commodities that can be as much as twice the industry average. On the bright side, IG doesn’t charge deposit or withdrawal fees and the platform’s inactivity fee kicks in only after 2 years.
IG is considered one of the most trustworthy trading platforms in the world and is regulated by the UK FCA. The broker offers close to 24/7 customer support, and there’s no minimum deposit required to open a new account.
- 17,000 global markets
- Multiple trading platforms available
- Access to industry-leading research
- Supports forex signals and algo trading
- Nearly 24/7 customer support
- Expensive commissions and spreads
Your capital is at risk.
How to Choose the Best Trading Platform for You
With so many trading platforms to choose from, how do you decide which one is right for you? There are several important factors to consider when picking a broker. Let’s take a look at the ones you need to keep in mind.
No matter what else you might want in a trading platform, make sure you’re choosing a regulated platform.
Regulated trading platforms have to follow strict rules about how they can handle clients’ money, such as rules that require them to keep your money separate from the broker’s operating funds. They’re also required to execute your orders without delay, at the best possible price.
While some regulations can be cumbersome, the majority of them do a lot to protect you as an individual investor.
So, look for trading platforms that fall under the authority of top-tier financial watchdogs. The UK FCA (Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), and ASIC (Australian Securities and Investment Commission) are all considered reliable regulators.
The number and types of assets you can trade is of course a major consideration when picking a trading platform.
When it comes to stock trading, you want to find a platform that offers as many shares as possible, and particularly shares from hot markets in the US, UK, and Asia. For forex trading, the number of assets available matters too – more forex pairs means you’ll have the option to trade exotic currencies that don’t see much activity.
Many trading platforms also offer stock index trading, commodity trading, and cryptocurrency trading, and some even offer bond trading.
One thing to note, particularly when considering a platform for stock trading, is whether you can invest in shares outright or whether you can only trade CFDs. The practical difference is small in most cases, but long-term investors typically prefer to buy shares outright while short-term traders prefer CFDs.
Trading platform fees come in a few different ways.
The first type of fee you’re likely to encounter are commissions. These are flat fees charged on every trade. We recommend choosing a 0% commission trading platform in Dubai, since these trading fees can add up very quickly.
The next type of fee you’ll find is a spread. This is the difference between the bid and ask prices for an asset. Spreads can be anywhere from around 0.03% to 0.5% of your trade value. Notably, they often vary depending on market conditions. Be sure to check how a trading platform’s spreads compare to the industry average for the assets you will trade most frequently.
Finally, some trading platforms charge non-trading fees such as deposit, withdrawal, or inactivity fees. These fees are annoying, but they’re often easy to avoid. Check what non-trading fees a broker charges and whether there are ways around them.
Trading tools & features
Trading profitably requires a significant amount of work, from spotting opportunities to diving into detailed research. The more high-quality trading tools your brokerage platform offers, the easier the research process becomes.
There are a few key tools to look at. First, the technical charting interface. You should have access to dozens of built-in technical studies and drawing tools to help you find trading setups. The ability to create your own custom indicators is also a plus for advanced traders.
You should also look for a market news feed. A news feed can help you stay one step ahead of other traders and profit off of big news events.
Alerts are another important feature. Ideally, you will be able to set alerts based on a combination of technical signals, not just price levels.
Forex traders should look for advanced features like forex signals and algorithmic trading. These features aren’t available in many proprietary trading platforms, so consider a platform that can integrate with MetaTrader 4 if you want to automate your trading.
Finally, unique tools like a social trading network, professional analyst research, or a stock screener can all be extremely useful in helping you find opportunities.
The quality of your experience using a trading platform is hugely important. If you’re having a hard time navigating your platform or entering trades, you’ll miss out on fast-moving trade setups and potentially lose trades as a result.
It’s a good idea to try out a trading platform before committing to it. Many brokers offer free demo accounts for exactly this reason. Give the platform a test run to see whether it suits your needs. Be sure to look at how customizable the interface is and whether you can save defaults to quickly resume trading between sessions.
A demo account isn’t essential, but it’s a very nice feature to have. These accounts are good for more than just trying out a platform before you commit.
In fact, paper trading accounts are frequently used by experienced traders for trying out new strategies. With a demo account, you can safely test out a new idea or setup, and find out if it works or not without ever risking real money.
Having your trading platform available on mobile is an absolute must for most UAE traders. The market moves too fast and too much of our lives are on the go for you to not have access to your trading account after you leave your desktop.
The mobile version of your trading platform should have many, if not all, of the same features as the web or desktop interface. Look for full-screen charting capabilities, rapid order entry, and scrolling-friendly feeds and watchlists.
Most of the best online trading platforms in Dubai offer several ways to fund your account, including debit or credit card. You can also typically pay using an e-wallet like PayPal, Skrill, or Neteller, although the exact e-wallets accepted vary from platform to platform. Bank transfers are also allowed at most brokers, although you might need to make a higher minimum deposit.
If you plan to trade primarily using the mobile app, check whether you can pay with Google Pay or Apple Pay.
Of course, take a look at the minimum deposit required to open an account. Some brokers have no minimum requirement at all, while others require $200 or more.
Having a customer support team available is incredibly important. If something happens to your account, you can’t wait around for days to get a response to your questions.
That’s why most of the best trading platforms in Dubai offer 24/7 or 24/5 customer support. Look for multiple ways to get in touch, including by phone, live chat, or email. If chat support is available, check whether it’s available from inside the trading platform or mobile app.
How to Start with the Best Trading Platform UAE
Ready to start trading with the best trading platform in Dubai? We’ll show you how to open an account and place your first trade with eToro. eToro offers a wide range of assets with 0% commission trading, plus a built-in social network and advanced research and analysis tools.
Step 1: Open an eToro Account
Head to eToro’s website or download the eToro app from Google Play or the Apple App Store. The click or tap ‘Join Now’ to create a new account.
You can enter a new username and password, or sign up using your Google or Facebook account information.
To comply with financial regulations, eToro requires that you verify your identity during the sign-up process. Upload a photo of your driver’s license or passport along with a photo of a recent bill showing your address.
Step 2: Deposit Funds
Next, add funds to your account. eToro requires a minimum deposit of $200 USD, which is equivalent to around 743 dirham.
You can pay using a variety of methods, including credit card, debit card, PayPal, Neteller, or Skrill. eToro also accepts bank transfers with a minimum deposit of $500 USD (1850 dirham).
Step 3: Start Trading
Now you’re ready to place your first trade with eToro. Head to your account dashboard and choose one of the trending assets to buy. Or, search for a specific asset by name in the box at the top of the screen (tap the magnifying glass in the eToro mobile app).
Once you find the asset you want to buy, click ‘Trade’ to open an order form. Enter the amount you want to buy in USD. If you’re trading CFDs, you can apply leverage to your trade – but you don’t have to use leverage. Then choose stop loss and take profit levels, if desired.
When your trade is ready, click ‘Open Trade’ to place your order with eToro.
Best Online Trading Platform in UAE & Dubai Conclusion
Finding the best online trading platform in Dubai and UAE is key to trading profitably. With the right platform, you can get access to the trading tools and resources you need to execute winning trades.
Ready to start trading with the best trading platform in UAE and Dubai? Click the link below to sign up for an eToro account today!
eToro – Best Online Trading Platform in UAE and Dubai
Your capital is at risk.
75% of retail investor accounts lose money when trading CFDs with this provider.
Are there any commission-free brokers in UAE and Dubai?
Many of the best trading platforms in UAE and Dubai offer 0% commission-trading, particularly for CFDs. eToro is our overall top-rated 0% commission trading platform in Dubai.\
How much money do I need to start trading in Dubai?
Trading platforms require a minimum deposit of up to $200 USD (750 dirham). However, you should commit around $1,000 USD (3,700 dirham) or more to trade successfully.
Can I use dirham as a base currency for trading?
Most trading platforms require you to exchange dirham for US dollars when depositing funds. Watch out for brokerage exchange fees - you may be able to save money by exchanging for USD before making a deposit.
Can I trade cryptocurrencies in UAE?
Yes, you can trade cryptocurrencies in UAE and Dubai. Many top trading platforms offer Bitcoin trading through CFDs, although eToro also acts as a cryptocurrency exchange.
How do I know if a UAE trading platform is regulated?
Any trading platform that is regulated will be upfront about who its regulating agency is. If a trading platform does not mention the FCA or CySEC, it may not be regulated.