It is interesting to know that MetaTrader 4 (MT4) is one of the world’s most popular online trading platforms. However, your gateway to the world’s financial markets begins with the right platform and broker. So how can you choose the best MT4 broker?
Find out how to get started using the best MetaTrader 4 trading platform in UAE, the best MetaTrader 4 brokers, and discover the unique benefits and features!
Alvexo – MT4 Available Without Commissions in the UAE
Pepperstone – Best MT4 Broker for Fast Execution in the UAE
Libertex – Overall Best MetaTrader 4 Broker in the UAE
AvaTrade – Best MetaTrader 4 Broker for Account Types in the UAE
Best MT4 Trading Platforms in UAE Reviewed
If you are looking for MT4 brokers, you have come to the right place. In online trading, Meta Trader 4 holds a leading position as one of the best platforms. There are many providers you can choose from to make your trading experience as successful as possible.
Check their legitimacy and security before choosing your preferred MT4 stockbroker. The safety of your money is important for deposits and withdrawals.
Check the safety box to determine whether your MT4 broker stands up against the competition. Be sure to choose brokers that offer good customer service and don’t charge excessive trading fees. Our list contains all of these things and more, and we promise it is a good one!
1. Capital.com – Best MetaTrader Platform in UAE
Capital.com is somewhat new on the market, but it is making waves. In addition to the 3,000 instruments on offer, this app offers CFDs on a wide range of stocks. You can trade 3118 shares and 85 cryptocurrencies, which is a large amount so that you can do business with companies all over the world. Also available are ETFs, indices, commodities, and Forex.
Also, it has no commissions and low spreads, making it a very inexpensive trading broker. A further benefit of Capital.com is that it offers spread betting (only available in the UK) as well as CFDs, meaning that any profits from spread betting are tax-free.
Its excellent trading tools and features are perhaps the best features of this stock app. An AI-powered trading platform provides advanced charts, technical indicators, analytic tools, and personalized trading insights. It also offers excellent educational resources, including webinars.
Capital.com is a licensed trading platform UAE by the FCA, so it is extremely secure. Unfortunately, the site does not offer PayPal, but it offers many alternative payment options, including Apple Pay, Sofort, and Trustly.
2. Alvexo - MT4 Available Without Commissions in the UAE
Alvexo is a regulated online broker offering a wide range of products such as Forex, Commodities, Cryptocurrency, Stocks, Indices, Bonds, and CFDs to over 650,000 traders worldwide. The company prides itself on being a "real broker for real traders."
As a market veteran-founded company in 2014, Alvexo offers a selection of intuitive trading platforms that provide real-time buy and sell quotes on over 450 assets. In addition, several trading tools are available to assist with market analysis, and the platforms are flexible and user-friendly.
For all traders, Alvexo is known for its education and service-oriented approach to trading. In addition to daily signals and market analysis, Alvexo clients have access to a wide range of economic News and a trading academy, as well as webinars and seminars.
Stock trading fee
Forex trading fee
Variable spreads. 3.3% for EUR/USD on its Classic account
3. Pepperstone – Best MT4 Broker for Fast Execution in the UAE
Pepperstone is another international trading option. With full protection of users' funds, they are one of the most competitive stock brokers MT4. Traders can choose from more than 180 options, including Forex, stocks, cryptocurrencies, and more.
Pepperstone offers accounts of all types, with options to waive commissions and start trading instantly, so traders can trade much like other global platforms. Known for their lightning-fast execution records, this is a favorite of those seeking no-fuss accounts.
There is also the option to join the Active Trader Program, which offers rebates and more for clients with high trading volumes. Finally, the option is to join the platform, which features cutting-edge trading technologies tailored to analyze the market. To enhance your trading skills, you can copy trades from professionals and receive alerts about positive market activity.
Invest in Pepperstone's technology, which is both powerful and easy-to-use. In addition, Pepperstone's technology is constantly upgraded and enhanced to keep it at the forefront.
Stock trading fee
$0.02 per US stock
Forex trading fee
Spread, 1.59 pips for GBP/USD
Crypto trading fee
Spread, 50 pips for Bitcoin
Technology that analyzes and automates trades using the most current technology.
Over 180 markets around the world are available for you to trade with.
Once you become an Active Trading member, you'll be able to enjoy free commission
It does not charge for inactivity or withdrawals, keeping it competitive.
Traders in the United States and Canada cannot access these services.
4. Libertex - Overall Best MetaTrader 4 Broker in the UAE
Over 200 instruments are available for trading at Libertex. Whether you are looking for stocks, cryptocurrencies, or ETFs, you can find them all here. Libertex has been offering its 2.2 million global clients a range of trading accounts for more than a decade. Those with a high level of loyalty are entitled to higher discounts and lower commissions.
According to Cyprus Securities and Exchange, these MT4 stock brokers provide their clients with negative balance protection. Furthermore, due to their long list of services and cutting-edge technologies, they have been recognized worldwide for their broad spectrum of trading services.
Libertex is very competitive regarding fees, always keeping costs low. In addition, the company offers discounts and perks throughout their account types so that their clients can earn without paying a high price.
The platform is user-friendly, easy to use, and full of options for depositing and withdrawing money. Credit and debit cards are accepted and top e-wallets like Skrill and Neteller. A combination of Libertex and MT4 is the trading platform for 2020.
Stock trading fee
Commission. 0.034% for Amazon.
Commodity trading fee
Commission. 0.03% for Crude Oil
Crypto trading fee
Commission. 1.23% for Bitcoin.
$5 a month after 180 days
Security and protection are provided by the Cyprus Securities Exchange Commission (CySEC)
You can trade stocks, crypto, and EFTs.
You can deposit in a variety of ways and withdraw money at no fee
We provide live chat and phone support 24 hours a day.
The best trading platform for 2020 has been announced.
5. AvaTrade - Best MetaTrader 4 Broker for Account Types in the UAE
One of the most trusted and safest trading platforms globally is AvaTrade. Since they deal with businesses across borders, they provide traders access to more than 1200 markets, ranging from Ireland to Australia to Japan. In addition, the broker has been regulated by some of the most respected commissions and governmental agencies, which makes it a trustworthy company.
With an average of 300,000 monthly trades, they are considered one of the largest global competitors because of their large and diverse customer base. In addition, AvaTrade offers a wide range of trading accounts, including Spread Betting and Islamic Swap-Free Accounts, that users can choose from.
These MT4 trading brokers have taken the time to create a database filled with information that even the newest traders can use. On the website, you can get a crash course on real-time trading and read up on the latest trends in trading. In addition, the multi-national team of traders has a killer customer service team that provides services in 14 languages for their multi-national trading crew. Finally, if you have any questions, they have a stellar customer service team on hand to help you out.
CFD trading fee
Forex trading fee
Spread. 0.9 pips for EUR/USD
Crypto trading fee
Commission. 0.25% (over-market) for Bitcoin/USD
$50 per quarter after three months of inactivity
Crypto trading is available all-day
There are more than 1200 markets available
There are options for all types of accounts, so it's the perfect fit
Sure. Securities, cryptocurrencies, and thematic assets are leveraged. Including the value of all Forex, commodities, and indices positions.
$0.02 per stock
Spread (ex. 1.59 pips)
Yes. A fixed charge of 2.5%," which is applied directly to the client's account.
Yes. Swap rates on overnight positions apply
Yes. They were taken at the end of each trading day at 9 pm GMT as interest, whether positive or negative. Holding CFDs between Friday and Monday incurs a triple overnight fee.
Yes, AvaTrade charges a daily swap rate of -0.0058% for long and short positions on stock indices.
How to Choose the Best MT4 Trading Platform in UAE for You
Even with a shortlist of the best MetaTrader 4 brokers above, selecting your MetaTrader 4 broker can be a time-consuming process. Below are a few key characteristics your MetaTrader 4 broker must have, along with their descriptions. We are confident that the list above meets these criteria as well.
Regulation and Safety
Hundreds of brokers offer MetaTrader 4, but that doesn't mean that every broker offering the platform is reliable or good enough. Picking MT4 brokers who a reputable financial regulator regulates will allow you to separate the good guys from the bad ones.
Ultimately, they are the ones who hold your capital and process your trades. So if you want to protect your capital and get the best execution service, you need to make sure they follow strict risk management and safety protocols.
The following regulators are among the most well-known around the world:
US: National Futures Association (NFA), Commodity Futures Trading Commission (CFTC).
Europe: Finance Commission (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC).
Asia: Australian Securities and Investments Commission (ASIC), Japan's Financial Services Agency (FSA).
It would be best to only trade with a regulated and licensed MetaTrader 4 broker as many MT4 brokers are popping up in offshore jurisdictions.
Using MetaTrader 4, you can trade stocks, currencies, commodities, ETFs, bonds, and cryptocurrencies. First, select a broker that offers the asset classes you wish to trade.
You can also choose from various products offered by your broker to speculate on your chosen asset classes. These firms provide trading services such as DMA (Direct Market Access), CFD (Contracts for Difference), options trading, and more. You may find that some MT4 brokers specialize in one of these products or provide you with a variety to choose from.
Directly from the MetaTrader 4 trading platform, you can also see the asset classes your broker offers.
The trading fees charged by your MetaTrader 4 broker will have the greatest impact on your overall profit or loss. The trading fees of regulated brokers are typically listed on their websites.
Trading fees are now very competitive due to online trading becoming so popular. As a result, some brokers can offer free trading with low spreads. Some other brokers may offer commission-based trading and access to even lower spreads directly from the interbank market without any markup.
The commission for buying and selling and the spread are a few trading fees to keep in mind. As shown in the example below of Libertex's MetaTrader 4 broker platform, the spread is the difference between the buy and sell prices.
It is rare to find brokers with zero spreads and zero commissions since they need to make money somehow! The markup on the other fee will typically be smaller if one fee is zero.
Additionally, you need to be aware of account fees such as inactivity fees, commission fees, and swap fees if margin-based trades were held overnight.
Platforms charge trading commissions, which are important to consider. There are two types of commissions. One type is a flat fee. In other words, the stock price might be $15 when you buy it and $15 when you sell it.
You might pay a variable fee in other cases. A trading platform in UAE, for instance, might charge 1% for all buy and sell orders. A commission of $5 would be charged if you bought $500 worth of stocks.s. A $6 would be charged if you closed your stock position when it was worth $600.
Therefore, our list of the best online trading platforms for beginners further up will inform you that most selected providers offer commission-free trading. By doing so, you will not have to worry about commissions or fees when buying stocks, ETFs, and other asset classes.
For long-term investors who plan to hold stocks for several years, you don't have to pay too much attention to the spread. However, the spread is important for short-term traders who want to buy and sell Forex commodities or cryptocurrencies.
It is the difference between the price of a chosen asset at the time of purchase and sale. The difference may be expressed as a percentage. The spread, however, is expressed in 'pips' if you're trading Forex. That is because spreads on major pairs are very competitive when comparing IG's 0.8 pips spread on major pairs, for example.
Other Trading Platform Fees
Brokerages in the online space may surprise you by charging transaction fees when you deposit and withdraw funds. You will pay a different amount - if you do at all - depending on the platform you use. Depending on your deposit amount, you might be charged a flat rate or a percentage.
Before choosing a trading platform, you might need to know several other charges besides commissions, spreads, and transaction fees.
Inactivity Fee: If your account is marked as dormant, you may be charged a fee every month. Usually, you are charged after 12 months of inactivity, but it can be sooner. Make sure your trading account is not charged until 12 months of inactivity.
Account Fees: You should also check if the trading platform you choose charges ongoing fees. There is a likelihood that they will charge a monthly fee.
The ability to understand trading platform fees is crucial, regardless of how difficult it may be.
Trading Tools & Features
Having the option of buying fractional shares is vital for retail clients with a limited budget. For example, even if you can afford over $3,000 for a single Amazon share, you might not want to pay $1,700 for a Google share. Fractional shares are a way for you to purchase fractions of a stock.
With eToro, you can invest as little as $50 in any of its 2,400 stocks. As a result, you would own 10% of the respective share if you invested $50 into a stock priced at $500. Besides creating a diversified portfolio, this is a great investment method for small amounts.
Trading Signals & Copy Trading
It's a good idea to follow expert traders when trading, isn't it? It is one of the newest technological advantages to hit the stock market that allows traders to copy the trading trends of successful traders. Of course, the best way to earn as much as they do is by mimicking the moves of other traders.
In some cases, you can even set up your platform to trade automatically according to a signal or a trigger that you get. The benefits of signaling are being used by many traders, even those with full-time jobs. In today's world, this can be done automatically without interacting with your computer.
To execute a position, you must place an 'order' regardless of which trading platform you select. The broker must understand your trade objectives to execute them properly. Even though all trading platforms offer 'buy' and 'sell' orders, you will probably want to be able to place other types of orders as well.
Online trading platforms, such as the best, offer 'stop-loss' and 'take profit' orders as well. These are both essential elements for trading risk-aversely. A trailing stop-loss order is a next step. You can keep a profitable position open by investing with platforms like eToro until it declines by a certain percentage.
Research and Analysis
To stay ahead of the game and gain an edge on the market, it is essential to access additional trading tools and research. For example, some brokers offer market analysts as part of their research. In addition, expert Advisors are programs developed specifically for the MetaTrader 4 trading platform, and some even provide additional upgrades for it.
You can find real-time, actionable trading ideas only by using additional plugins such as Autochartist available at some brokers such as AvaTrade, Pepperstone, and IG. For example, several Pepperstone add-ons for MetaTrader 4 include an Alarm Manager, Connect Feature, Correlation Matrix, Correlation Trader, and many more.
To view the Terminal, you can select View from the top menu in Libertex MetaTrader 4. Afterward, a news tab opens, which shows all the latest announcements that affect financial markets.
MetaTrader 4 was first released in 2005, making it one of the hottest trading apps. Due to its high levels of customization and automation, its following has grown significantly over the years. You can develop your trading skills without any financial risk by using MT4 trading platform's fully-functional demo account, which is perfect for new traders. In addition to a copy trading system and automated Expert Advisor apps, this trading platform offers beginner-friendly features.
Experienced traders also appreciate MT4 trading platform's charting and analytics capabilities. The MQL4 programming language can even be used to design your trading indicators.
To buy and sell assets from the comfort of your home, you will need to add some funds to your trading account. Due to this, it's essential to find out what payment options a provider accepts.
Most of the time, you can transfer funds from your bank account. Payments can be processed instantly on some platforms, but others take 1-2 working days. Therefore, it makes sense to use a trading platform that accepts debit/credit cards because the payment is almost always added to your account right away.
You can deposit funds into our top-rated trading platform eToro with Visa and MasterCard and e-wallets like PayPal, Neteller, and Skrill.
MetaTrader 4 brokers with good customer service are important to choose. Ensure that you have access to them should anything happen with your platform or if you have any questions regarding your trading account, make sure you have their contact information.
Customers of all the MT4 brokers listed above can contact customer service 24/7 via live chat, email, phone, and social media apps.
How to Get Started with the Best MT4 Trading Platform in UAE - Capital.com
Let's take a look at how you can start using MT4 trading platform in UAE in just a few simple steps and find out why it has become one of the world's most popular trading platforms.
Step 1: Open an Account
You can open an account with Capital.com in just a few minutes using the broker's website. First, go to the broker's homepage and click Register.
To create an account, you will need to provide details such as your name, email, password, and so on. Additionally, you will be asked to fill out a short questionnaire, so the broker knows more about you.
Regulation laws require you to verify your identity and address before starting trading and making withdrawals from regulated brokers, such as Capital.com. Therefore, you will usually be required to provide two documents:
Passport or driver's license with a valid photo. Recent utility bill or bank account statement.
If your account has been verified, you can deposit funds after completing the process.
Step 3: Deposit Funds
Commission-free deposits are available at Capital.com through a variety of methods. Many options are available, including bank wires, credit cards, PayPal, Skrill, Neteller, and Trustly.
Step 4: Download MetaTrader 4
Your Capital.com live trading accounts can be managed in the client portal area. In addition, the MetaTrader 4 trading platform can be downloaded after you open an account. Follow the instructions on the screen to download it.
Step 5: Trade!
With the MT4 platform from Capital.com, you can view all the different instruments available to you via the broker. Over 200+ global markets are covered, including stocks, currencies, indices, commodities, cryptocurrencies, and more.
Open a trading ticket and choose whether you want to buy or sell and the stake size. Advanced features such as putting a stop to loss and taking profit level are also available.
In the Terminal section at the bottom of the platform, you can easily see all your open trades as well as their profit or loss.
Capital.com trading accounts are FREE, and you will be able to download the MetaTrader 4 trading platform for free, as well as enjoy other unique features such as huge discounts for VIP account holders and the ability to trade with a regulated broker.
Since MetaTrader 4 is so popular, many brokers are using it globally. However, if you want to work with the best MT4 trading platforms, you must do your research.
Our goal is to cover some of the key aspects of choosing a MetaTrader 4 broker in this article, including looking at regulatory aspects, available asset classes, trading fees, and additional services and tools that are available.
You can also start trading with MT4 brokers by reading our reviews of the top five brokers. Few MetaTrader 4 brokers offer as many features as LibertyTex, and you can get started with Capital.com with just one click!
Capital.com - Best MT4 Trading Platform in UAE With Competitive Spreads
Powered by advanced technical analysis, Capital.com offers automated trading.
Which MT4 trading platform in UAE offers cryptos?
Almost all brokers that offer cryptocurrency CFD trading using MetaTrader 4. In addition to bringing together traders and brokers, the trading platform also facilitates the purchase and sale of financial instruments.
Are the MT4 trading platforms in UAE safe?
The most popular forex retail trading platform is MetaTrader4 (MT4). This platform is offered by more than 95% of forex brokers. The platform has many features, indicators, etc. As a result, it is one of the complete trading platforms. That is also the case in the Emirates.
What is the best MT4 trading platform in UAE to buy stocks?
Margin trading is the focus of the platform. MetaTrader 4 is used by some brokerages to trade CFDs, but it is not designed for full-time trading of stocks and ETFs. MetaTrader 5 also works with commodities and equities that are traded on exchanges.
How much leverage does the best MT4 trading platforms in the UAE offer?
Leverage of 200:1 provides the capability of controlling USD 200 for every dollar in account equity. In addition, as opposed to traditional share trading, leverage in the derivatives market does not involve a broker loan.
About Jhonattan Jiménez
About Jhonattan Jiménez
English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.