Best Trading Platforms, Brokers & Apps in UAE 2020

To help you find the best broker and platform in the UAE & Dubai, we’ve spent 150+ hours researching the market and collecting over 70,000 user reviews from Google, Trustpilot, and App Store.

All of this data is summarised in the following guide.

A Complete List of the Best Trading Platforms, Brokers & Apps in the UAE & Dubai:

In the guide below, you’ll find our recommended brokers with information about their licenses, deposit methods, trading platforms, and more.

Moreover, we’ve created local trading guides to help you get started.

Click the table of contents to get directed to the section that you’re looking for.

Which is the Best Trading Platform in the UAE & Dubai?

CMC Markets

CMC Markets is a global trading service based in the UK but with customers and offices all around the globe.

A combination of great trading tools, tons of assets, and long experience in the industry make CMC Markets an excellent choice for most traders.

What we like

Huge selection of assets

Well-established broker

Top-notch trading platform

What we don't like

Complicated registration

High spread on stocks

Fees on many transactions

Huge selection of assets

Well-established broker

Top-notch trading platform

Complicated registration

High spread on stocks

Fees on many transactions

Features

Fees: 0 commission on FX and CFDs
Demo Account: Yes
Min Deposit: Zero
Assets: 10,000+
License: CySEC, FCA, ASIC

Ratings:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

Rating by our editorial team

4 users gave the score of 4.5/5
Total score:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

2,829 users gave the score of 4/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

CMC Markets is a global online broker with an established presence in the UAE and Dubai. The broker even has a small local office in Dubai, which helps them stay on top of the local markets.

What sets CMC Markets apart from its many competitors is the large number of assets offered. There are over 10,000 assets listed on CMC Markets’ platform, ranging from international and domestic stocks, to forex, cryptocurrencies and more.

Unfortunately, CMC Markets are known to charge high fees for their services, including commission on certain stocks and fees for transactions to and from your account balance. Furthermore, this broker does not offer Direct Market Access (DMA) to traders in the UAE.

Which is the Best Trading App in the UAE & Dubai?

AvaTrade

AvaTrade represents the top tier of online brokers.

With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.

What we like

Easily integrated trading robots

Commission-free trading

What we don't like

A limited selection of assets

Rather high spread on certain assets

Easily integrated trading robots

Commission-free trading

A limited selection of assets

Rather high spread on certain assets

Features

Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA

Ratings:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

Rating by our editorial team

4 users gave the score of 4.8/5
Total score:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

5,727 users gave the score of 3.28/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

AvaTrade has made a name for itself as one of the top mobile brokers in the industry right now. Besides offering access to the well-known MT4 mobile app, AvaTrade has developed its own award-winning app called AvaTrade Go.

You can use the app to trade stocks, forex, commodities, and more, wherever you are.

Just keep in mind that AvaTrade offers a rather small selection of assets. After using the app for a while, we noticed that AvaTrade focuses a lot on automatic trading and robots, which means “regular” trading features can feel limiting.

Which is the Best Local Securities Broker in the UAE & Dubai?

ADIB Securities

ADIB Securities is one of the leading brokers based in the United Arab Emirates. The broker offers access to some of the most popular securities both internationally and domestically.

You can handle all your investments online or by using the ADIB app which has been downloaded well over 10,000 times.

What we like

Access to local stocks and securities

Licensed and regulated by SCA

Desktop and mobile compatible

What we don't like

High fees

Limited trading (mostly investments)

Confusing number of apps

Access to local stocks and securities

Licensed and regulated by SCA

Desktop and mobile compatible

High fees

Limited trading (mostly investments)

Confusing number of apps

Features

Fees: You pay commission and investment fees
Demo Account: No
Min Deposit: N/A
Assets: Large range of securities
Licenses: Securities and Commodities Authority (SCA)

Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6
Between 73-89% of retail investor accounts lose money when trading CFDs.

ADIB Securities is one of the highest-ranked local stockbrokers in the UAE and Dubai.

The broker is based in Abu Dhabi, but it has local offices all over the UAE. They offer a great online trading platform and allow you to invest and trade both international stocks and domestic stocks.

Over the years, ADIB has been awarded several prestigious prizes, as well as belonging to the top-tier of brokers based in the UAE.

As with many traditional stockbrokers, you can expect to pay higher fees and commission when trading with ADIB. In fact, their fee system is quite complicated and it can be difficult to calculate exactly how much each investment will cost you.

Which is the Best Stock Trading Broker in the UAE & Dubai?

IG Markets

IG Markets is one of the oldest and biggest online brokers in the world.

This UK-based broker has been offering trading opportunities since the early 1970s.

Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.

What we like

Real stock trading of the exchanges

Huge selection of international stocks.

What we don't like

High minimum deposit.

Commission on spread betting and CFD stock trading.

Real stock trading of the exchanges

Huge selection of international stocks.

High minimum deposit.

Commission on spread betting and CFD stock trading.

Features

Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS

Ratings:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

Rating by our editorial team

5 users gave the score of 4.8/5
Total score:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

7,914 users gave the score of 2.88/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

IG Markets is perhaps the most well-established online broker in the UAE and Dubai, with a major office in Dubai and long-standing experience offering stockbroking on the local market.

With an IG Markets account, you’ll gain access to over 10,000 international stocks and a range of cutting-edge tools to help you perform at your best.

One issue with IG Markets is that their main demographic are experienced traders, meaning their trading tools can feel overwhelming and unnecessarily difficult for beginners.

We also strongly believe that this broker could have opted for a better platform setup with fewer options. With the current setup, one has to switch between different accounts and platforms to get the best opportunities.

Which is the Best Forex Trading Broker in the UAE & Dubai?

Oanda

Oanda is one of the world’s most elite online brokers based in New York and with a global reach that few brokers can compete against.

What we like

Their unparalleled global reach

5 different platforms

What we don't like

High fees and commission

A limited selection of assets in some jurisdictions

Their unparalleled global reach

5 different platforms

High fees and commission

A limited selection of assets in some jurisdictions

Features

Fees: Commission, fees, and spread depending on the assets/securities
Demo Account: Yes
Min Deposit: 0
Assets: Thousands
Licenses: (CFTC), (FCA) & (IIROC)

Ratings:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

Rating by our editorial team

3 users gave the score of 3.7/5
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

14,337 users gave the score of 3.73/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

Oanda is one of the biggest global forex brokers in the business and they have had a presence in the UAE, Dubai and the Middle East for quite some time.

In addition to a great selection of currency pairs, Oanda gives you access to innovative graphs, automated trading apps, indicators, alarms, and great educational material.

Like many other forex brokers, Oanda’s selection of assets that are not currencies leaves a lot to wish for. They also have higher fees than many and since they are very active in North America, certain features and assets are limited.

Which is the Best Trading Platform for Beginners in the UAE & Dubai?

eToro

No online broker does copy trading like eToro.

You can choose to trade on your own or copy other traders, and the social trading network is the perfect place to share experiences and learn new skills from other traders from all over the world.

What we like

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

What we don't like

Commission of CFD stocks.

High minimum deposit

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

Commission of CFD stocks.

High minimum deposit

Features

Fees: 0% commission on stocks, although not on stock CFDs.
Demo Account: Yes
Min Deposit: £200
Assets: Hundreds of stocks.
Deposit Options: Credit/Debit Cards, Skrill, Neteller, PayPal, Wire, Rapid Transfer
License: FCA, CySEC, ASIC

Ratings:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

Rating by our editorial team

10 users gave the score of 4.7/5
Total score:
Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6 Which Are The Best Trading Platforms, Brokers & Apps in UAE 2020? Top 6

45,254 users gave the score of 3.65/5

75% 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.

Disclaimer: eToro AUS Capital Pty Ltd, AFSL 491139. CFDs are highly risky. Copy trading facilities cannot be construed as financial advice. You may lose more than your initial investment.

eToro enables new traders to learn faster, while providing access features that make trading more enjoyable, even with limited knowledge.

The eToro copy trading platform can be used to copy other more successful traders and the social trading network is the perfect place to learn new skills.

Just be prepared to pay up for these unique services – eToro charges higher spread and fees than most brokers. Also, be prepared to solve most issues you encounter using their FAQs or the forum because it can be difficult to reach eToro.

Trading Guide for Traders in the UAE & Dubai

While trading is legal and fully regulated in both the UAE and Dubai, the market also has a few unique characteristics that you need to be aware of, to stay safe and ensure that you trade legally.

1. Different Trading Laws

Dubai is one of the world’s leading global economic cities and within the city, there are several established free-zones, with the Dubai International Financial Centre (DIFC) being the most well-known.

Because of these financial zones, the city of Dubai has different financial regulations than the rest of the UAE. In turn, this has resulted in two different regulatory bodies overseeing the local economic market.

Note that there is some overlapping between the two regulatory bodies and that the SCA has the upper hand in many cases. Also, brokers can be licensed in Europe and still operate legally in the UAE & Dubai.

2. Different Local Markets

Because of how the domestic economic system is set up, as outlined above, the UAE and Dubai also have several local markets and exchanges, namely the following three:

3. Islamic Trading Accounts

Lastly, several of the best online brokers in the UAE and Dubai offer Islamic Trading accounts for those who want to trade following Islamic principles.

It’s not required to use an Islamic Trading account, neither is it something that all brokers offer.

How to Choose the Best Platform, Broker and App in the UAE & Dubai

There are a few things to keep in mind when finding the right broker in Dubai, which we’ve boiled down to four steps:

1. Regulated Brokers Only

Never trade with an unregulated broker. There are plenty of safe and honest brokers with licenses in the UAE and Dubai, so there is no reason why you would trade with an unregulated broker.

All the brokers that we recommend are fully regulated in the UAE and Dubai, as well as in Europe, Australia, South Africa, and more.

2. What Are You Trading?

The broker you pick will depend a lot on the assets and securities you’re looking to trade.

In the guide above, you can find the best forex broker in Dubai, the best stockbroker in the UAE, and even the best apps for trading forex, stocks, and more, in the region.

3. Compare Brokers

After you’ve chosen 2 or 3 brokers that might suit you, we suggest you compare and test them.

Using our comprehensive reviews, as well as a demo account with the said brokers, you can take your time and find the broker that suits you the best.

4. Education is Key

Regardless of which broker you end up picking, you need to learn how to trade if you’re going to have any chance of succeeding.

All the best brokers in the UAE and Dubai offer educational material and there is an endless supply of books, videos, courses, and movies available online.

How Can I Start Trading in the UAE & Dubai?

Using our guide above, you can quickly find the best broker in the UAE and Dubai for your needs. Make sure you read our guide carefully and that you consider our tips when picking a broker.

Never underestimate the value of knowledge when trading. The more you study and practise, the better your chances of succeeding will be.

Is Forex and Stock Trading Legal in the UAE & Dubai?

Yes, all forms of trading and investing in the United Arab Emirates are regulated and overseen by two regulatory bodies: the SCA (Abu Dhabi) and the DFSA (Dubai).

How Can I Buy US Stocks in the UAE & Dubai?

Using the best stock broker in the UAE, which we have listed above, you can trade stocks from the US and the rest of the world.

To invest in US stocks long-term, you need a local broker that gives you access to the Nasdaq Dubai.

How Can I Trade Gold Online in Dubai?

Using an online broker offering commodities futures or spot contracts, you can trade gold and other precious metals online.

See our recommendation for the best trading platform in the UAE, to start trading gold online in Dubai.

FAQs:

Is IQ Option Legal in the UAE?

IQ Option is a binary options broker that also offers a range of CFD and forex services and the broker is legal in the UAE and Dubai.

Binary options trading has been banned in the EU, but is still available to UAE traders.

Where Can I Invest My Money in the UAE?

By using the top broker that we’ve listed above, you can start investing in several markets such as stocks, commodities, forex, etc. in the UAE and Dubai.

The best way to invest locally is by buying stocks from one of the three stock exchanges in the UAE.

How Can I Trade Stocks in the UAE?

Either by using the best stockbroker in the UAE, as listed at the top of this guide, or by registering an account with one of the top local stockbrokers.

How Can I Open a Forex Account in Dubai?

Oanda is currently the top forex broker in Dubai right now and by following the broker links provided by us, you can open a forex account and start trading already today.

How Can I Start Share Trading in Dubai?

Open an account with one of the best brokers that we have listed in the guide above.

By doing so, you’ll gain access to shares from all over the world, including the United States, the UK, and the United Arab Emirates.

How Can I Invest in the UAE Stock Market?

The UAE has three different stock exchanges and two of them only have local companies listed. In other words, to invest in the UAE stock market, you need to find a broker that gives you access to the market.

See our recommendations for tips on the best stockbrokers in the UAE.

Conclusion

Thanks to convenient regulation and a thriving financial market, both the United Arab Emirates and the city of Dubai, offer great investment and trading opportunities.

In this guide above, we’ve outlined the top tier of brokers and trading apps in UAE and Dubai so that you can find the best broker for you.

Remember that trading is associated with certain risk and that you should only ever trade with regulated brokers using money that you can afford to loose.

Note: Don’t hesitate to leave a comment below in case you have any questions regarding trading apps, safety, day trading, investments, financial systems, or anything else that might come to mind while spending time on our website. We promise to answer you as soon as possible.

Trading Platforms, Brokers & Apps That We Tested:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Is Trading Allowed In My Country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article are available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

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