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If you’re looking for a platform in the UAE to trade stocks, crypto, forex, and other instruments, then you wouldn’t need to look further than eToro. The all-in-one broker has thousands of financial instruments across the top global markets and is truly a platform for every kind of trader.

In this eToro review, we go through the important features of the platform, such as their web-based platform, user experience, and different key metrics. We did the whole eToro broker review, eToro wallet review, and eToro copy trading review.

What is eToro UAE?

etoro revieweToro is a well-regulated all-in-one online trading platform with over 20 million users worldwide. The platform complies with the Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA) rules. So to know the underlying broker of the platform, we also made an eToro broker review aside from our eToro review UAE.

eToro is best known and advertises its copy trading and social trading features. In fact, these features are so deep and prominent that one can even make an entire eToro copy trading review by itself.

Perhaps one of the first to pioneer copy trading, you can see in this eToro review UAE that this trading feature brought in not only newbie traders but seasoned veterans just as much.

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63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Looking into the other financial instruments on the platform, eToro provides trading for stocks, indices, ETFs, crypto, commodities, and forex. 

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So not only do they have this vast array of instruments but they also offer them without any commissions. More than this, all instruments are available for copy trading, so alongside the general eToro review UAE, we also featured an eToro copy trading review and eToro broker review.

With thousands of instruments under its belt, eToro also has to make sure that the proper research and information for each tradable asset is supplied. Fortunately, the broker offers lots of educational material and market analyses. Find out everything you need to know in our eToro review Reddit!

Something we’ll get into more in this eToro UAE review is its intuitive platform. They’ve made sure to create a user-friendly experience by making it easy to search for trading instruments and showing the charts very clearly. Another great addition to its user experience is demo trading, which gives users the opportunity to trade virtually. 

eToro UAE Pros & Cons

Pros

  • Zero commission trading
  • Trade forex, commodities, ETFs, and stocks through CFDs
  • User-friendly web platform and mobile app
  • Multiple educational resources are available
  • Market analysis and research on-site
  • Excellent copy trading features with Copy Trader and Copy Portfolio – Provided by the eToro copy portfolio review
  • Trade with a demo account starting with $100k virtual equity
  • Regulated by the FCA, and Cyprus Securities and Exchange Commission
  • 24/5 customer support
  • Wide range of payment options

Cons

  • No MetaTrader 4 or MetaTrader 5 integration
  • Could have more technical indicators and advanced tools

75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What Can You Invest in and Trade on eToro UAE? 

In total, we found in our eToro UAE review that the platform supports the trading of over 2,600 shares, 13 indices, 49 currency pairs, 32 commodities, and 42 cryptocurrencies. Below are guides on how to invest in different financial instruments on eToro.

Invest in Forex

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Owing to its global reach and 24/7 market operation, forex trading is the largest market, with over $6 trillion worth in exchanges every day. In our eToro UAE review, we found 49 forex pairs available for trading on the platform. Among them are major pairs such as EUR/USD and GBP/USD and even exotic pairs like the USD/RON.

Forex trading on eToro happens through contracts for difference (CFDs), meaning leverage is available. 20:1 leverage in forex is used. However, for eToro professional accounts, higher leverage options are available.

Those who might only be starting to invest in forex with eToro may opt to find copy traders that include currency pairs in their portfolios. Alternatively, they may use the demo account to try trading forex without spending money first.

Trade Stocks

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The largest and most popular stock exchanges in the world, the NYSE and NASDAQ, are featured on eToro. Fifteen other top markets from around the world are featured as well.

From our eToro broker review, some of these markets include:

  • Frankfurt
  • London
  • Paris
  • Madrid
  • Milan
  • Hong Kong

Our eToro UAE review found that even with zero commissions, users may easily use long-term and short-term investing strategies with the stocks on eToro. Traders can leverage stock positions up to 5:1, which is of course higher for professional accounts. Those looking to invest in the long term may do so by lowering leverage or even owning the underlying stocks by open positions without any leverage.

Take note that eToro does distribute dividends associated with owning stocks of companies that issue dividends. Yet another advantage that we’ve found through our eToro review UAE.

Invest in Indices

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eToro offers trading the top indices in the world such as the SPX500 that tracks the top 500 largest companies in U.S stock exchanges. There are 12 other available indices to trade from based on our eToro review UAE such as the Dow Jones Industrial Average 30 (DJ30) and the China50.

Indices are normally a way for users to diversify their portfolios and invest in entire industries. A 10:1 leverage is available when trading indices on eToro and all indices trading happens through CFDs.

Many copy traders on the platform like to invest in indices if their trading strategy is usually a bit more long-term. However, this may vary from trader to trader. If you wish to start investing in indices without much research, perhaps copy trading is a good alternative to investing in commodities themselves. 

Trade Commodities CFDs

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Commodities are another great financial instrument to invest in when looking to diversify, specifically from stocks in general. The commodities market tends to pick up on activity when the stock market becomes a little shaky.

In our eToro trading review, the platform has 32 tradable commodities, meaning plenty to choose from and add on to a stacked portfolio. Hard commodities such as copper, oil, and natural gas are available as well as soft commodities like sugar, cotton, and cocoa. 

Just like indices, commodity trading on eToro is through CFDs with up to a 10:1 leverage. To help in finding the right commodity to trade, our eToro review UAE shows lots of analytical and research material on all commodities on the platform. Note that the content is more educational in nature and not to be taken as financial advice.

Trade Cryptocurrencies

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Following the trend of digital assets and cryptocurrencies, eToro already has 42 cryptocurrencies available for trading. Some of the largest like Bitcoin and Ethereum have been on the platform for years while newer coins like Dogecoin and SushiSwap are also tradable.

Currently, no CFD options exist when trading cryptocurrencies as regulation requires. Thankfully, eToro offers a great crypto wallet that can be used to swap and trade several digital currencies in decentralized exchanges. That’s why we also provided an eToro wallet review.

As stated on their site, the eToro crypto wallet is one of the safest crypto wallets available, with several high-level security features to protect against unauthorized access, including multi-signature facilities, DDoS protection, and standardization protocols. Find out more in their eToro wallet review.

Cryptocurrencies are, however, still known to be risky and highly volatile assets. Luckily, plenty of experienced copy traders has large crypto portfolios available to invest in by other users. Risk still remains in copy trading, so make sure to take this into account as well.

Your capital is at risk. 75% of retail investor accounts lose money when trading CFDs with this provider.

eToro UAE Fees & Commissions

Here is our eToro fees review, tables of the important fees and commissions to know about on the platform.

Trading Fee Charge
CFD trading 0% Commission; Overnight on leverage is not included in the spread
Forex trading 0% Commission; From 1 pip spreads; Overnight on leverage is not included in the spread
Crypto CFD leverage None
Share CFD leverage Up to 5:1
Indices CFD leverage Up to 20:1
Commodities CFD leverage Up to 10:1
Forex CFD leverage Up to 30:1

Here’s a quick breakdown of the non-trading fees:

Non-trading fees Charge
Overnight Fee The overnight fee charge of CFD traded stocks, indices, commodities, and forex is based on the total value of the position and amount of leverage used.
Deposit Fee 0%
Withdrawal Fee $5
Inactivity Fee None
Account Fee $10 per month after 1 year of inactivity

Your capital is at risk. 63% of retail investor accounts lose money when trading CFDs with this provider.

eToro UAE User Experience

The eToro user experience offers a simple, clear, and user-centric trading design. Their web platform encompasses all of these features with a highly intuitive interface that is great for beginners. We go through more of the user experience aspect in our eToro UAE review as well as the broker’s security.

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Right upon login, a user dashboard showing all investment opportunities throughout different top markets can be seen. The prices and trends of major indices, ETFs, stocks, and other instruments are easily shown. 

Any user, copy trader, copy portfolio, or asset is within arms reach with eToro’s search bar that is perpetually available whilst logged in. Tons of relevant information can easily be accessed and even user sentiment is shown – giving a social trading experience like no other according to our eToro review UAE.

Account security is of course a primary concern with eToro as the implementation of two-factor authentication is available. This, and its SSL certification means that users can rest easily in and outside of the site. As for privacy, users can also make their accounts private so that no other user can see what their trades are or how their portfolio looks. The opposite can also be done, making your account public and more social.

eToro UAE Features, Charting, and Analysis

This eToro UAE review finds the broker’s best feature to be in copy trading. It’s a very simple concept that proves to be highly effective. What if ordinary traders can trade like professionals? This idea which is executed so well on the platform is perhaps one of the reasons for eToro’s popularity today. 

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Additionally, eToro also has what’s known as Smart Portfolios, previously known as copy portfolios from our eToro copy portfolio review. According to their platform, smart portfolios offer a smarter way to invest long term with a minimum of $500 to invest. Smart portfolios are backed by research and are often a loosely diverse collection of instruments that have a thematic trading approach.

In terms of charts, eToro does feature some trading tools and technical indicators. Choose from a chart view of a simple line or the common candlestick pattern. Additionally, indicators like the RSI with normal and exponential MAs provide technical traders with some real-time analysis of the charts. Our eToro review UAE found a couple more tools available on their Procharts platform.

Furthermore, the analyses on eToro are standard and offer a clear and concise overview of the instrument. In our eToro review UAE’s example – when looking at the EUR/USD currency pair, eToro shows a financial summary, the day range, and a currency profile.

eToro UAE Account Types 

eToro offers mainly three different account types. These accounts will have varying features which are shown in the eToro review UAE table below: 

Features Standard Account  Islamic Account Professional Account
Leverage 30:1 maximum leverage 30:1 maximum leverage 400:1 maximum leverage
Minimum deposit $10 $1,000 Portfolio exceeding $500,000
Dedicated account manager Yes Yes Yes
Exclusive webinars Yes No  Yes

Muslim traders looking for shariah-compliant trading will be very happy to know that eToro offers an Islamic Account. This is a special account for Muslim traders or anyone who wishes to trade swap-free in Forex.

Your capital is at risk. 75% of retail investor accounts lose money when trading CFDs with this provider.

eToro UAE Mobile App Review

There will be plenty of times when we’ll need to travel around, and as plenty of markets on eToro are open 24/7, they made sure that their mobile app is well built. The application itself, available on iOS and Android devices, offers pretty much the same features as the web platform.

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Perhaps the most useful feature for the mobile app is the push notifications. Many positions, especially leveraged ones will require careful watching of the market to make sure that they are not margin called. Luckily, enabling push notifications on the app will allow for relevant price alerts to make sure that you’re always on top of your positions.

Security like in the web platform remains the same for the application. We found in our eToro UAE review that the mobile application is safe to use for users. In terms of fees, they remain the same as we found in the eToro fees review.

Your capital is at risk. 75% of retail investor accounts lose money when trading CFDs with this provider.

eToro UAE Deposit and Withdrawal Methods

For UAE residents, the minimum deposit for an eToro account is $50. Take note that the entire platform operations on U.S. dollars, meaning if you plan on depositing via an account that uses the AED currency, it will have to be exchanged via the current exchange rate of the bank or intermediary used. 

Deposits via credit/debit cards and e-wallets are processed almost immediately, and other payments include Paypal, Skrill, Visa, and Mastercard. Bank transfer might also be an option depending on where you live.

It is also important to note the $5 fee required whenever you make a withdrawal. Limit your withdrawals accordingly in order to minimize your exposure to this fee. Platinum-tiered eToro members, however, are exempt from this $5 as eToro likes rewarding their users for continuing to use the platform and earn.

eToro UAE Contact and Customer Service

Although our eToro review UAE finds eToro’s customer support operating 24/5, this actually is the industry standard. Users can access the live chat or their hotline to contact support, and higher-tiered eToro members even have their own account manager to contact when issues arise.

There’s also an excellent FAQ page in the eToro help center. If the help or information provided isn’t sufficient, users can open a ticket about their issue and send it to the eToro Help Center where it will be addressed during operating hours. 

Is eToro UAE Broker Safe?

After checking our eToro broker review, we found the platform to be safe and secure. eToro follows regulations across different countries and authorities. They are licensed under the CySEC and FCA meaning operations are secure and accounts are protected.

eToro offers its clients negative balance protection as per regulatory requirements. Thanks to clients’ funds being held in segregated bank accounts, rare market conditions that could cause account equity to become negative won’t be an issue. eToro’s policy on negative balance protection will make sure that certain positions are margin called as to prevent any negative equity.

How to Start Trading with eToro UAE

After getting to know the platform and all its key features in this eToro broker review, it’s time to learn how to start trading with eToro UAE.

Step 1: Open a Trading Account

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75.26% of retail investor accounts lose money when trading CFDs with this provider.

First, head over to the eToro website and press the Join Now button at the upper right-hand corner of the site. Then, fill in a username and password to be used for your account or optionally sign up with an existing Facebook or Google account.

Step 2: Verify Your Identity

etoro uae review

Next, you’ll need to upload a clear copy of a valid ID such as a passport or driver’s license to verify your identity. After this, you’ll need to upload proof of address as well in the form of a recent utility bill or bank statement from the last six months. 

Step 3: Deposit Funds

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According to our eToro review UAE, residents from the UAE only need to deposit $50 at the start. Click the Deposit Funds button at the bottom left corner of the site and choose a payment method such as a bank card, Neteller, Skrill, or wire transfer. 

Step 4: Start Trading with eToro UAE

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Finally, you can start trading with eToro after you funded your account. Click the Trade button and select the amount you wish to trade along with the leverage that you want to use. Once you’re happy with the trade parameters, click on Open Trade and you’ve executed your first trade.

75.26% of retail investor accounts lose money when trading CFDs with this provider.

eToro UAE Review – Conclusion

If you want to focus on a certain instrument or wish to diversify your portfolio with the thousands available on the platform, then either way eToro will not disappoint. Given its demo trading feature and zero commissions, there’s plenty to praise the broker about. No experience trading? Then try out their copy trading feature where you can earn just like the professionals.

 Throughout this eToro review UAE, we have covered everything you need to know about this trading platform. Looking to start trading with eToro? Start your eToro investing journey with 0% commission and across multiple high-level markets! Simply follow the link below and open a live trading account with eToro UAE today!

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75.26% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is eToro?

eToro is a well-regulated all-in-one trading platform that offers users to invest in stocks, crypto, forex, and many other financial instruments across different devices and platforms.

What is Forex trading?

Forex trading, also referred to as foreign exchange trading, occurs when you convert one fiat currency into another. Forex is the largest traded market internationally, with businesses, investors, and major banks executing more than $6 trillion worth of transactions every day.

What is cryptocurrencies trading?

Cryptocurrencies are digital assets backed by the blockchain and are used as a transfer and store of value. Crypto trading is the buying or selling of these virtual currencies in real-time.

Can I trade with leverage in eToro UAE broker?

Yes, you can trade with leverage in the eToro UAE broker. When performing a leveraged trade, you will need to select how much leverage you’d want to take (usually 2x and 5x) before proceeding with your trade.

Can I open an account with eToro in UAE?

Yes, you can! Simply head to the eToro website and create an account from their page.

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About Jose Rafael Aquino
About Jose Rafael Aquino

Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, StockApps, and BuyShares.