Disclosure
Please note that we are not authorised to provide any investment advice. The information on this page should be construed for information purposes only. Trading is speculative. When trading your capital is at risk. We may earn commissions from the products mentioned on this site.
Best Trading Platform in the UAE

Finding the best trading platforms in the UAE can be hard for first-time traders and investors. There are so many platforms of choices, Few factors influence your trading prospects more than the trading platform you select. The right trading platform can help you spot trading opportunities, act on market news, and, more importantly, give you access to various trading assets.

This guide review the overall best UAE trading platforms in 2024, We also look at several features, such as fees, payments, trading tools, supported markets, and more.

The 11 Best Trading Platforms In The UAE 

Before we look into each platform in detail, let’s review our list of the best trading platforms in the UAE. 

  1. eToro – One of the best trading platforms in the UAE and the world. 
  2. Capital.com – Overall, it is the best trading platform in the UAE. 
  3. Crypto.com – Excellent trading platform to buy and sell crypto at low fees. 
  4. Evest – A multi-asset trading platform that charges no commissions. 
  5. Ava Trade – A well-rounded trading platform for stocks 
  6. Kraken – One of the best trading platforms for trading crypto
  7. XTB – A high-volume trading platform 
  8. LiberTex – An award-winning trading platform 
  9. Binance – The world’s largest cryptocurrency trading platform 
  10. BitOasis – One of the best trading platforms in the UAE when it comes to trading crypto. 
  11. Forex.com – A powerful, one-of-a-kind forex trading platform.

What Is A Trading Platform? 

Before we get into reviewing the best trading platforms in the UAE, it is important to understand what a trading platform is. A trading platform is a software system that allows users to trade securities. Investors can open, close, or manage a market position through a financial intermediary such as an online broker.

These platforms are typically offered by brokers for a small fee or at a discount. All that is expected of traders is to maintain a funded account and make a specific number of trades every month. Some of the best trading platforms offer users a combination of low fees and enhanced features.

Best trading platforms UAE

Trading platforms come with a plethora of features that help investors with their investments. These features include interactive charts, real-time quotes, charting tools, a news feed, and research and educational content. Furthermore, some platforms may also be tailored to specific requirements, such as currencies, stocks, options, or futures.

Typically, there are two types of trading platforms in the market. These are commercial platforms and proprietary platforms. Commercial platforms have been designed keeping retail investors and day traders in mind. These are easy to use and offer a range of features designed to simplify the trading experience. These platforms typically offer features such as a news feed, interactive charts, real-time prices, quotes, educational content, and research tools.

On the other side are proprietary platforms. These are customized platforms that large brokerages and financial institutions have created. Proprietary platforms are only used by the entity that created them and are not available to the general public.

What Are The Types Of Trading Platforms Available In The UAE? 

Now, let’s understand the different types of trading platforms available in the UAE. There are several types of trading platforms operating in the UAE. Traders can choose a platform depending on the type of assets they wish to invest in. Here is a list of the types of trading platforms available in the UAE.

Commodities Trading Platform

The commodities market consists of assets such as natural gas, gold, and silver. Commodities have always been an excellent investment option, and several platforms offer commodities trading in the UAE. eToro is an excellent choice for traders, offering low spreads and is also regulated.

Day Trading Platforms 

Day trading platforms allow investors to execute short-term trades and take short-term positions on assets. The problem for traders in the UAE is finding a platform that offers leverage in compliance with Islamic law. However, platforms such as eToro offer users an Islamic account with access to interest-free leverage and no Riba.

Forex Trading Platforms 

Forex trading involves the purchase and sale of currencies. In forex trading, it is vital for traders to have access to leverage. This is because price changes are significantly smaller than crypto or even stocks. The forex markets are also heavily regulated, meaning it has far stricter requirements than other markets. Platforms such as Forex.com offer access to the forex markets in the UAE.

Stock And ETF Trading Platforms 

All the best trading platforms in the UAE offer stock and ETF trading. This is because these are the most popular forms of investment. Stock brokers generally have higher fees for holding trades overnight or inactivity. However, most stock and ETF trading platforms offer 0% commission on stock purchases. Furthermore, platforms such as eToro allow traders to trade in multiple markets.

Crypto Trading Platforms 

Crypto trading platforms are exclusively for those traders looking to trade in crypto. These platforms allow traders to buy, sell, and trade crypto. The cryptocurrency markets are highly volatile, making them an excellent option for day trading. However, fees on these platforms tend to be a bit on the higher side.

Best Trading Platforms In The UAE Reviewed

Now, let’s look at our list of best trading platforms in the UAE in a little more detail. When selecting a trading platform, traders must consider several features. This is why we have looked at factors such as fees, spreads, supported markets, regulatory status, and more in our review. Let’s get started.

1. eToro – Overall The Best Trading Platform In The UAE

eToro is the first choice in our list of best trading platforms in the UAE. Launched in 2007, eToro has established itself as an excellent alternative trading platform, with over 30 million registered users.

The eToro platform offers over 70 cryptocurrencies, 49 currencies, and nearly 3000 stock options. This vast selection of assets makes the platform extremely popular among both novice and experienced traders. eToro is a regulated broker and goes out of its way to ensure user security.

eToro Best Trading Platforms UAE

For example, all sensitive information is secured using SSL encryption before it leaves the client’s device. This ensures that any malicious actors cannot intercept data. Furthermore, all assets on the platform are stored in cold storage, ensuring their security. Traders on eToro can also set up two-factor authentication and add another layer of protection to their assets and accounts.

eToro Fees And Features 

When it comes to fees, eToro charges a flat 1% trading fee on crypto assets. This is in addition to spread. Meanwhile, stocks have zero commission, while CFDs have variable spreads. Furthermore, the minimum deposit for UAE residents is just $50. eToro also offers a range of educational and research material, a valuable feature for novice investors.

eToro Fees

Additionally, users can access technical analysis tools, economic data, charting trends, and news sentiment trends. For professional traders, eToro offers a professional-grade analysis tool called ProCharts. Risk management tools include stop loss, take profit, and trailing stop loss. One of the top features of the platform is that eToro also offers an Islamic account. This account lets users access leverage and charting tools.

eToro Offerings 

As a platform, eToro offers thousands of stocks, commodities, Forex, ETFs, NFTs, and cryptocurrencies. The platform’s Copy Trading feature makes it extremely popular among traders of all levels. Copy Trading allows traders to copy top investors’ trades and trading strategies on the eToro platform.

Interested traders can study the investment strategy, see its performance, and then choose to implement it in their own trades.

eToro is fully regulated in the UAE via a valid license from the ADGM regulator. This means that eToro is a safe broker to trade with or buy and sell assets and your funds with eToro insured by the UAE central bank in case of insolvency of the broker.

Central Bank of the UAE

To summarize, eToro is a very strong platform to start our list with. Its robust offering and long list of features will appeal to investors of all experiences. Because it offers a long list of assets, it is one of the best trading platforms in the UAE.

What We Like About eToro 

  • âś… The eToro platform is extremely easy to use. 
  • âś… It has a low minimum deposit. 
  • âś… The platform is extremely cost-effective, especially for new traders. 
  • âś… Offers features such as Copy Trading 
  • âś… Users can access a selection of financial assets, instruments, and crypto. 
Assets  Fees Minimum Deposit  Top Features 
Over 70 crypto assets, nearly 50 currencies, and over 2900 stocks  Stocks are commission-free, crypto attracts a fee of 1% $50  Copy trading 

Offers Islamic Account 

Low fees compared to other platforms. 

eToro Trading Platform UAE Pros And Cons 

Pros:
  • A highly secure and regulated platform with over 14 years of history
  • Best trading platform UAE for new and experienced traders
  • Offers several features, such as Copy Trader
  • Over 3000 real stocks
  • CFDs on stocks with 1:5 leverage
  • Offers users an Islamic account
  • Offers free demo account
Cons:
  • There is a fee levied on withdrawals
  • It does not support MetaTrader 4
  • Only accepts USD as base account currency

Your capital is at risk. 78% of retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com – Ranks Among The Best CFD Trading Platforms In The UAE

Capital.com is our pick for the best trading platform in the UAE. The popular CFD broker was founded in 2016 and is a global broker regulated by several major regulatory bodies. These include the FCA, the CySEC, and the ASIC.

The platform is feature-loaded and puts the security of its users front and centre. It is fully compliant with PCI Data Security Standards. This means all client information is encrypted through Transport Layer Security. Platform users are also protected from negative balance protection and margin closeouts. This ensures that clients cannot lose more than what they had initially invested.

Capital.com Platform

Capital.com offers commission-free trading and does not charge a withdrawal and deposit fee. However, it does charge a spread, which is factored into the cost of an asset. There are some overnight fees, but these are charged only for leveraged positions.

Assets And Features On Capital.com 

Capital.com offers users several financial instruments. These include stocks, commodities, and Forex. However, despite the wealth of assets, Capital.com does not offer cryptocurrencies. The platform’s investment app is an excellent educational resource that helps beginners learn the ropes of trading. What’s more, Capital.com also supports MetaTrader 4, which means traders can access every major indicator.

Capital.com should be the first choice for those looking to trade in traditional financial markets. The platform’s web interface is intuitive and easy to use, making it ideal for beginners. It also offers a dedicated team for market research and analysis, ensuring that traders can make well-informed decisions. Thanks to its low fees and market research, Capital.com ranks as the best stock trading platform in the world.

What We Like About Capital.com 

  • âś… Supports MetaTrader 4
  • âś… The platform is commission-free 
  • âś… Ensures the security of client assets and information
  • âś… Offers excellent educational resources
Assets  Fees Minimum Deposit Top Features 
Over 5000 stocks, 138 currency pairs, and 46 commodities.  Commission-free and spread-based  $20  Offers commission-free trading 

Supports MetaTrader 4

Offers excellent educational resources 

Pros And Cons Of Capital.com 

Pros:
  • Low Forex CFD fees
  • Streamlined account opening process
  • Excellent customer support
  • Support for MetaTrader 4
  • Commission-free
  • Excellent educational resources for traders
Cons:
  • It does not support smaller account currencies
  • Price alert missing on the web platform

3. Crypto.com – One Of The Best Trading Platforms In The UAE To Buy And Sell Crypto 

Crypto.com is the second platform on our list of best trading platforms in the UAE. It is widely considered one of the best trading platforms in the UAE and the world. As of 2022, the platform has over 50 million users worldwide, making it one of the largest trading platforms in the world.

Crypto.com Trading Platform

The leading crypto exchange offers users over 250 top altcoins to trade, giving users plenty of investment options. Opening an account on Crypto.com is relatively straightforward and is completed in minutes. Users can quickly fund their accounts with crypto or fiat and be primed to take full advantage of any price movements.

Crypto.com also ranks quite high with respect to its fee structure when compared to other platforms on our list. Trades executed on the platform are charged a 0.4% fee. However, those using the platform’s native CRO token can avail of an even lower fee. The CRO tokens allow users to avail of an extra 10% reduction in trading fees. The platform also offers a dedicated mobile application, allowing users to trade on the go at any time. However, trades executed via the mobile application attract a higher trading fee of 2.99% for every trade.

When it comes to security, Crypto.com is far ahead of its peers. The platform keeps 100% of its client funds offline in cold storage. A small fraction of corporate funds are used to keep the platform running and to handle day-to-day transactions. Additionally, all accounts and transactions are protected using multi-factor authentication. These include biometric authentication, password authentication, and more. This makes it extremely difficult for any malicious entity to steal funds or take over an account.

Crypto.com Features

What’s more, Crypto.com also offers users a dedicated wallet. Crypto.com’s wallet is widely recognized as one of the market’s best and most secure crypto wallets. When it comes to assets, the wallet supports over 100 crypto assets. Users on the platform can also access a crypto interest account through Crypto Earn.

Crypto Earn offers returns of up to 14.5% on specific tokens. A dedicated NFT marketplace also allows users to purchase NFTs at low fees. The Crypto.com credit card allows users to spend their crypto like FIAT. It also offers users cash-back options of up to 5%.

What We Like About Crypto.com 

  • âś… The platform offers users robust security for their accounts and assets 
  • âś… Offers several order types
  • âś… A huge selection of assets 
  • âś… Trading fees are on the lower side
Assets  Fees  Minimum Deposit  Top Features 
Over 230 Low trading fees of just 0.4%. However, transactions through the mobile app attract a higher fee $20 Offers multi-factor authentication 

Keeps 100% of user funds in cold storage. 

Pros And Cons Of Crypto.com

Pros:
  • Offers a robust selection of cryptocurrencies
  • It is relatively easy to convert fiat into crypto and vice versa on the platform
  • Offers users a Visa credit card and cash-back rewards
  • One of the best trading platforms for crypto
  • Allows users to earn a passive income on their crypto
  • Extremely low trading fees
  • Customer service could be better when compared to other platforms
Cons:
  • The platform does not offer users educational resources
  • The platform is quite complicated, and beginners could find it difficult

4. Evest – A Multi-Asset Trading Platform That Charges Zero Commissions 

Next on our list of best trading platforms in the UAE is Evest. The Evest site is a leading multi-asset trading platform based in the UAE. Traders on the platform can begin trading with zero commission. Evest offers users over 500 trading instruments.

These include instruments such as Forex pairs, stocks, and global indices. Moreover, Evest allows users to access top financial markets and invest in some of the top global companies.

Evest Best Trading Platforms UAE

Account creation on Evest is simple and can be completed without any fuss. The platform accepts multiple payment modes, including credit cards, wire transfers, and e-wallets like Neteller and Skrill.

Fees On Evest 

Now, let’s talk about fees on the Evest trading platform. The site does not charge any deposit fees. However, the platform does charge a withdrawal fee of $5 (18.37 AED). The platform also offers four types of accounts: Silver, Gold, Platinum, and Diamond.

Each account offers unique benefits, and traders can select an account based on their trading preferences and goals. For example, the Diamond account is tailor-made for more advanced traders as they won’t have to pay any withdrawal fees. The Diamond account is also ideal for Forex traders, allowing them to benefit from customized spreads. However, traders must remember that this account has a minimum deposit of $50,000 (183,647 AED).

Beginners and casual traders can check out the Silver account, where they can start by investing $250 (918 AED). They can also look at the paper trading account, which comes with $25,000 in virtual funds. Traders can use this to try new trading strategies without risking actual capital.

Other Offerings 

Evest also allows users to access the Evest Investment Baskets, which pools together different financial instruments. This feature can be used by retail and low-risk investors who wish to trade long-term. Users can also access Evest’s Trading Academy to learn about investing.

Evest also supports MetaTrader 5 along with its proprietary web-based platform. Client funds are secured using SSL encryption technology. Furthermore, the Vanuatu Financial Services Commission regulates and licenses the platform.

What We Like About Evest 

  • âś… Evest offers traders a demo account
  • âś… Supports multi-asset trading 
  • âś… No commission on trades 
  • âś… Supports multiple payment methods 
  • âś… The Diamond account has no withdrawal fees
Assets  Fees  Minimum Deposit  Top Features 
Over 500 financial instruments available. These include indices, stocks, and Forex pairs.  Commission-free stocks, spread applied  $250 minimum deposit on Silver accounts  Offers paper trading 

Supports MetaTrader 5

Offers multi-asset trading 

Evest Pros And Cons 

Pros:
  • The platform offers educational content through its Trading Academy
  • Commission-free trading on some financial instruments
  • Supports MetaTrader 5
  • Account opening is relatively simple
Cons:
  • The platform charges a relatively high inactivity fee
  • Average spreads

5. Ava Trade – One Of The Best Trading Platforms For Stocks 

Ava Trade was founded in 2006 under the name of AvaFX. However, the company rebranded to Ava Trade once it added support for markets outside of Forex. The platform offers users several financial instruments, such as bonds, commodities, stocks, ETFs, and currencies.

Ava Trade Platform

Users can get a leverage of up to 5:1 for stock CFDs and 30:1 for currencies and support for six base currencies. Another aspect that makes Ava Trade worth checking out is that it does not charge commission on CFD positions. Instead, the platform utilizes a variable spread system.

Ava Trade is considered by many experts as one of the best trading platforms in Australia and supports MetaTrader 4 and MetaTrader 5, which would appeal to Forex traders. This is because MetaTrader 4 and MetaTrader 5 allow traders to create and deploy custom trading strategies. The minimum deposit on the platform is a tad on the higher side at $100. However, this is countered by the fact that Ava Trade does not charge any deposit, withdrawal, or account fees.

Ava Trade also offers users a vast educational and research section that features both in-house and third-party learning material. Overall, Ava Trade offers users an exceptional range of platforms. This includes support for MetaTrader 4 and MetaTrader 5. It also offers users a dedicated mobile application, a social trading platform, a stock trading platform, a Forex trading platform, and two proprietary platforms.

While Ava Trade falls short in assets offered compared to other platforms, it is considered one of the best trading platforms in the UAE. This is because it gives users a well-rounded, intuitive, and feature-rich trading experience.

What We Like About Ava Trade 

  • âś… The platform offers support for MetaTrader 4 and MetaTrader 5
  • âś… 256-bit SSL encryption 
  • âś… Offers two proprietary platforms along with a dedicated mobile application
Assets  Fees  Minimum Deposit  Top Features 
1260  Variable spread. No fees on deposits and withdrawals.  $100 Offers commission-free trading 

Offers a number of social integrations. 

Supports multiple markets 

High level trading tools

Ava Trade Pros And Cons 

Pros:
  • Traders on the platform can trade CFDs at 0% commission
  • Experienced traders can access a plethora of high-level trading tools
  • Offers excellent research and educational resources
  • Ava Trade also offers a host of social integrations
Cons:
  • New traders may find Ava Trade a little overwhelming
  • The minimum deposit is a tad on the higher side at $100
  • Does not offer real crypto assets

6. Kraken – One Of The Best Trading Platforms For Crypto 

Kraken was founded in 2011 in San Francisco. Since then, the company has expanded, opening offices around the world. Currently, the cryptocurrency trading platform has a presence in over 190 countries. It supports both individual and institutional investors when it comes to competitively-priced crypto trading.

Kraken crypto exchange

Kraken supports over 200 cryptocurrencies on its platform. Some of the most popular ones are Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT), Solana (SOL), Stellar Lumens (XLM), Uniswap (UNI), and Sushiswap (SUSHI).

It also supports major stablecoins such as Tether (USDT), USD Coin (USDC), and DAI. There is also support for eight FIAT currencies, including USD, GBP, and EUR. Kraken ensures complete security of user funds by adhering to strict security protocols. The platform holds 95% of client funds in cold storage.

It has also employed a more secure version of 2FA by prohibiting SM verification. This is because SMS verification can easily be spoofed. Instead, users on the platform must use dedicated authenticators such as Authy or Google Authenticator.

Fees On Kraken 

Fees on Kraken can vary depending on the platform traders are using and the trades they are entering. Prices may also be subject to a spread fee, especially on the primary platform. On Kraken, instant purchases attract a percentage fee of the transaction and a spread.

Fees are generally above the industry standard, with a 1.5% fee imposed on crypto and FX transactions and a 0.9% fee on stablecoin transactions. Additionally, Kraken also charges a credit/debit card processing fee of 3.75% + $0.25.

Kraken Pro offers lower pricing options than the main platform. Pricing on Kraken Pro is based on the user’s total trading value over the past 30 days. However, despite the high fees, Kraken is considered one of the best crypto and Forex trading platforms.

While fees on the platform are on the higher side, the additional security features make the fees worthwhile. We highly recommend Kraken to investors who are conscious about security.

What We Like About Kraken 

  • âś… Robust security features 
  • âś… Offers Forex trading 
  • âś… Offers highly secure 2FA 
  • âś… Focuses on user safety
Assets  Fees  Minimum Deposit  Top Features 
Over 200 assets available  1.5% $10 Offers secure 2FA 

Forex Trading 

Focus on client security 

Robust Security Features 

Pros And Cons Of Kraken 

Pros:
  • Kraken supports over 200 assets. These include Bitcoin and best altcoins such as Ethereum, Solana, Dogecoin, Litecoin, Cardano, and more
  • Kraken is a highly liquid exchange, making trades quick
  • The platform offers a simple and intuitive user interface, making it an excellent option for beginners
Cons:
  • Fees on the main platform are quite high compared to other platforms on our list
  • Some users have reported costly hacks on the platform and have claimed to have received no support

7. XTB – A High Volume Trading Platform 

XTB was founded in 2002 and is a Poland-based platform offering low-cost CFD and Forex trading. The platform is highly user-friendly, customizable, and gives traders access to hundreds of trading instruments and global markets. There is a long list of choices for users, which includes over 5600 instruments.

XTB Trading Platforms UAE

This includes indices, Forex, stocks, shares, ETFs, commodities, ETF CFDs, and stock CFDs. XTB offers users over 50 currency pairs, with spreads starting from as low as 0.1 pips. Users can also access over 2000 stocks, 150 ETFs, 40 cryptos, and 20 commodities.

XTB Offerings 

XTB offers several features to traders on the platform, such as its in-house trading platform, xStation. The xStation trading software is available across desktop, Android, and iOS and is suitable for both beginners and advanced traders.

It allows traders to access charting and risk management tools and frame their trading strategy. Traders can also utilize an in-built trading calculator to estimate profit and loss. Furthermore, users can also modify stop loss, take profit orders directly, and close their positions.

XTB also offers an extensive selection of research and educational material for traders. This includes webinars, videos, and courses for beginners and experienced traders. The platform also assigns a dedicated account manager to understand users’ trading goals and maximize their trading strategy.

Fees On XTB

Traders can open an account on XTB for free. Once they create an account, they can access a demo account and test trading strategies before deploying them in actual trades. Deposits in EUR and GBP are typically free. However, some withdrawals are subject to a processing fee.

Stock trading on XTB is commission-free if the trading account maintains a monthly turnover of $100,000. Stock and CFD trading is also commission-free. However, spreads and margins apply to some products. Additionally, XTB also charges a monthly inactivity fee.

Security is nothing out of the ordinary on XTB. The platform uses industry-standard techniques such as segregating funds. This ensures that all client funds are protected.

The XTB platform is also publicly traded on the Warsaw stock exchange and is highly regulated, with all financials in the public domain.

What We Like About XTB 

  • âś… XTB is publicly traded on the Warsaw Stock Exchange
  • âś… The platform has an exceptionally long track record, having been founded in 2002
  • âś… Low fees
Assets  Fees  Minimum Deposit  Top Features 
Over 2000 assets available  0.08% (minimum of $8) $20 Offers a variety of trading instruments 

Offers a large selection of educational and research material 

Low cost trades 

Pros And Cons Of XTB 

Pros:
  • Spreads start from as low as 0.1 pips
  • 24-hour customer support
  • There is a vast selection of assets to choose from
  • 0% commission on markets
Cons:
  • The platform does not support MetaTrader 4 or MetaTrader 5
  • Withdrawal fees are applicable under specific thresholds
  • XTB charges a steep inactivity fee

8. LiberTex – An Award-Winning Trading Platform 

LiberTex commenced operations in 1997 and has amassed over 2 million clients. The platform has over 25 years of experience as a broker and offers traders a variety of assets. These include stocks, cryptocurrencies, commodities, and Forex.

The LiberTex platform adheres to strict regulations and security practices, such as segregating customer funds and protecting user information and data.

Libertex Trading Broker in the UAE

Fees on LiberTex are extremely reasonable compared to some of the platforms mentioned on our list. The platform does not charge any spreads. Instead, it utilizes a commission-based structure. This means fees could vary between different assets. However, they typically tend to fall between 0.008% and 2.5%.

LiberTex also supports an array of payment methods, all of which are free. These include credit cards, debit cards, direct bank transfers, and e-wallets such as PayPal and Skrill.

The LiberTex broker gives traders access to almost every financial market in the world. Moreover, it also offers an Islamic account for its clients in the UAE. This is why LiberTex is ranked among the best trading platforms in the UAE.

What We Like About LiberTex 

  • âś… Deposits are free 
  • âś… It has been in operation for over 25 years 
  • âś… Offers Islamic account for clients in the UAE 
  • âś… Adheres to strict regulations
Assets  Fees  Minimum Deposit  Top Features 
Over 250  0.1% to 0.2% for stocks. 0.47% to 2.5% for crypto.  $10  Offers a wide range of assets 

Islamic Account for UAE-based clients 

Accept a variety of payment methods 

Pros And Cons Of LiberTex 

Pros:
  • Quick registration process
  • The platform is extremely user-friendly
  • Over 300 CFDs on stocks, oil, gas, precious metals, cryptocurrencies, and indices
  • Tight spreads
Cons:
  • LiberTex does not offer proprietary technical solutions for passive investing
  • Fees on LiberTex are subject to the type of asset
  • The platform is only available in the web version

9. Binance – The World’s Largest Cryptocurrency Trading Platform By Volume 

Binance is one of the best crypto trading platforms in the UAE and indeed the world’s largest cryptocurrency trading platform by volume. It was founded in 2017 by Changpeng Zhao and was originally based in China. However, since then, it has expanded to give itself a global presence.

The Binance platform is ideal for experienced investors thanks to its plethora of trading features and selection of crypto. Since it has a steep learning curve, newer users may find it difficult.

Binance Platform

The cryptocurrency platform offers users a plethora of trading features. This includes a selection of hundreds of cryptocurrencies and a large offering of marketing charts. Users on Binance can also access several trading options, such as futures and options, and several different order types.

There are over 500 crypto assets and trading pairs to choose from. These can be purchased using a debit or credit card. Users can also access derivatives markets or earn a passive income through the “Binance Earn” feature.

Binance Earn allows users to earn a return on their crypto using a flexible lock-up system. Users can also avail of crypto loans by borrowing a particular asset while putting another as collateral.

Fees On Binance 

One main reason Binance is considered one of the best trading platforms in the UAE is low fees. Fees on Binance start at just 0.1% for trades done directly through the Binance exchange. These fees can go even lower if traders execute trades or make payments using the native BNB token.

However, Binance has had some run-ins with regulatory authorities. This is because of a distinct need for more transparency regarding security measures taken to protect user assets and information.

When it comes to crypto, Binance is undoubtedly among the best trading platforms in the UAE. It offers users everything a top platform must. However, the only drawback is that Binance focuses exclusively on cryptocurrency. Investors looking to trade multiple assets would be better off using an all-in-one platform such as eToro.

What We Like About Binance 

  • âś… Offers TradingView integration
  • âś… Extremely low trading fees 
  • âś… Over 600 assets
Assets  Fees  Minimum Deposit  Top Features 
Over 600 assets available  1%  $50  Offers a plethora of advanced trading tools 

Large selection of assets on offer 

Low fees 

NFT marketplace 

Pros And Cons Of Binance 

Pros:
  • Over 600 crypto assets are available on the platform
  • A huge selection of trading options and order types
  • Low fees
  • Advanced charting and trading tools
Cons:
  • The trading platform is quite complicated and can be overwhelming for new users
  • Binance does not offer an in-built digital wallet
  • The platform has run into regulatory hurdles in several countries

10. BitOasis – One Of The Best Trading Platforms In The UAE For Crypto 

BitOasis is a cryptocurrency exchange created exclusively to serve the Middle East and North Africa (MENA) region. The exchange traces its origins back to 2015 and has since accumulated over 100,000 active users.

The BitOasis platform UAE operates throughout the Middle East and North Africa region and uses AED as the default currency for all transactions and purchases. Trading volume on the exchange has reportedly exceeded $3 billion, with the platform emerging as a pioneer of crypto in the region.

BitOasis Trading Platform UAE

While the company primarily focuses on the Middle East and North Africa, it allows traders from over 87 countries to make fiat deposits. This includes countries like the United Arab Emirates, Dubai, Kuwait, Oman, Jordan, Saudi Arabia, and more.

Compared to most other crypto exchanges, BitOasis offers the quickest registration process. To register on the platform, all traders need to do is register, verify, deposit fiat, and purchase crypto. It also supports all major cryptocurrencies, including Bitcoin, Dogecoin, Ethereum, Litecoin, and others.

When it comes to platform security, BitOasis adheres to the highest security standards. All user funds are kept offline in cold storage, ensuring they are safe from hackers. It also uses a third-party service, BitGo, to control client private keys. This ensures that even the platform itself cannot access client funds.

Fees on BitOasis are extremely reasonable, with the platform charging 0.48% for taker orders and 0.24% on maker orders.

BitOasis is a highly cost-effective way for traders in the MENA region to purchase crypto. The platform is secure, cheap, user-friendly, and highly secure. However, there is a distinct lack of fiat currency options, with only AED supported.

What We Like About BitOasis 

  • âś… The platform is based in the MENA region 
  • âś… Offers third-party key protection
  • âś… Extremely low fees
  • âś… Highly secure
Assets  Fees  Minimum Deposit  Top Features 
15  0.24% maker fees and 0.48% taker fees.  $10 Extremely low fees 

Highly secure 

Easy-to-use 

Pros And Cons Of BitOasis 

Pros:
  • Ideal platform for trading in AED
  • Offers a mobile wallet for iOS users
  • BitOasis offers debit card deposits in over 8 Middle East countries
Cons:
  • The platform is highly secure
  • It does not offer many fiat currency options
  • Customer support is lacking and could be better

11. Forex.com – A powerful, one of a kind forex trading platform 

Forex.com was initially created to trade FX. However, it has since grown and added several asset classes outside of Forex. These include stocks, commodities, and crypto.

The trading site is a part of the Stonex Group, which is a publicly-traded company. This means it complies with strict regulatory guidelines regarding consumer protection and is regularly audited. The platform also segregates customer funds from its own, ensuring their safety nor use them for hedging.

forex.com platform

Fees on the platform are reasonable, with commissions applied only on CFD trades. A majority of transactions on the platform are only charged the spread fees. As the name suggests, Forex.com is widely considered as the best forex platform in the UAE.

Forex.com offers support for MetaTrader 4 and comes with a plethora of technical indicators, built-in charting tools, and quick order executions. This list of features makes it the ideal platform for more technical traders. Its fee structure also makes it an excellent low-cost option for traders.

What We Like About Forex.com 

  • âś… Offers support for MetaTrader 4
  • âś… The parent company is publicly traded 
  • âś… Adheres to strict regulations and is regularly audited
  • âś… Commission-free trades
Assets  Fees  Minimum Deposit  Top Features 
5500 Variable spread and variable commission on CFD trades  $100  Offers access to a range of markets 

Range of technical tools and indicators

Quick trade execution 

Pros And Cons Of Forex.com 

Pros:
  • Supports MetaTrader 4
  • Complies with regulatory guidelines and is regularly audited
  • Offers commission-free trades
  • Users can access a range of markets
Cons:
  • The desktop platform could be more user-friendly
  • The product portfolio is limited to CFDs and Forex

Comparing The Best Trading Platforms In The UAE 

Now, just looking at reviews is not enough to determine which is the best trading platform in the UAE. In the table below, we have directly compared each platform on essential factors such as fees, available assets, minimum deposit, and top features.

Platform  Assets  Fees  Minimum Deposit  Top Features 
eToro Over 70 crypto assets, 49 currencies, and nearly 3000 stocks  Commission-free stocks, 1% fee on crypto assets  $50 Copy trading features 

Offers Islamic account 

Low fees 

Crypto.com Over 230 assets available  0.4% trading fees  $20 Multi-factor authentication

Stores 100% of all client assets in cold storage 

Evest  Over 525 trading instruments which include indices, stocks, and forex pairs.  Commission-free stocks, spreads applied  $50  Offers paper trading 

Multi-asset trading 

Supports MetaTrader 5 

Capital.com Over 5000 stocks, 138 currency pairs, 46 commodities  Commission free and spread based  $20 Commission-free trades 

Investmate 

Offers support for MetaTrader

Ava Trade  Over 1200 Variable spread  $100 Access to multiple markets 

Commission-free trading 

Kraken  Over 100 1.5% $10 High security, 2FA

FX trading 

Easy to use 

XTB 5500 Variable spread and commission on CFD trades  $100 Quick trade execution 

Charting and technical tools 

Offers access to a range of markets 

Libertex Over 250 0.1% to 0.2% for stocks 

0.47% to 2.5% for crypto

$10 Offers Islamic account 

A plethora of assets 

Accepts a variety of payment methods 

Binance Over 600 1%  $50 A great selection of assets 

Excellent trading tools on offer 

Dedicated NFT marketplace 

BitOasis  15 0.24% maker and 0.48% taker  $10 Offers support for AED

Easy to use 

Highly regulated 

Forex.com 5500 Variable spread and variable commission on CFD trades  $100  Offers access to a range of markets 

Range of technical tools and indicators

Quick trade execution 

How To Select The Best Trading Platform In The UAE? 

There are several factors we took into consideration when creating our list of the best trading platforms in the UAE. These include fees, regulations, minimum deposits, tools, and more. Let’s look at each in a little more detail.

Payment Methods 

Deposit funds on eToro

The first factor taken into consideration when selecting the best trading platforms in the UAE is payment methods. Platforms must accept a range of deposit and withdrawal methods. It should also support prominent currencies such as USD, EUR, and local currencies. Payment methods most sought after by users are credit/debit cards, direct bank transfers, and e-wallets.

Mobile App 

Mobile App for trading

In today’s fast-moving world, trading is no longer done by sitting behind a desk. Today, people frequently trade on the move. The best trading platforms must offer a dedicated mobile app to facilitate this type of trading. Traders must check if the app has all the functionalities and features available in the platform’s desktop version.

Assets Available 

To be considered one of the best trading platforms in the UAE, platforms must offer a range of trading assets. Some platforms offer only specific trading instruments, such as Forex or crypto, while others offer a plethora of assets. Always check for the assets on offer on a trading platform before registering.

Regulation 

This is one of the most important factors to consider when looking at the best trading platforms. Always select a platform that is regulated by the requisite authorities. This ensures the protection of customer data and customer funds. Unregulated platforms offer very little recourse when it comes to consumer protection.

Fees 

Always select a trading platform that offers low and competitive trading fees. If a platform charges high trading fees each time a trade is placed, it could potentially eat into profits. To simplify matters, here is a table that compares the fees on each platform.

Platform  Fees Deposit Fees  Other Fees 
eToro 1% + Spread  0.5% A $10 monthly inactivity fee after 12 months 
Crypto.com 0.4% 2.99% N/A
Evest  0% + Spread 0% A withdrawal fee of 18 AED
Capital.com Variable Spread 0% Overnight fee based on leverage 
Ava Trade  Variable Spread  0%  $50 per quarter after three months of inactivity. $100 yearly after 12 months 
Kraken  1.5% 3.75% + $0.25 2% fee on NFT transactions 
XTB 0.08% or $8 minimum  2% A $10 inactivity fee is charged if no deposits are made for 90 days or no trades are executed for 365 days 
Libertex 0.1-0.2% for stocks, 0.47-2.5% for crypto 0% $5 monthly inactivity fee 
Binance 0.1% 1.85% Certain payment processors are charged a higher fee 
BitOasis  0.24% maker and 0.48% taker  3.99%  N/A
Forex.com Variable spread and variable commission on CFD trades  0% Rollover fees in addition to a $12 monthly inactivity fee after 12 months 

Tools 

Tools and analysis are both critical to a trading platform. A good selection of trading and analysis tools allows traders to plan their trading strategy and get the maximum return on their trades. Apart from general features, some trading platforms offer their own unique features in an attempt to entice new traders to join them. As an investor, you must research the tools and features required to meet your trading goals.

Demo Accounts 

Demo Account

Trading is difficult. This is why the best trading platforms offer traders demo accounts. These demo accounts allow traders to test out different strategies before deploying them in real trades. Strategies can be tested without risking any real capital.

Minimum Deposit 

No trader wants to invest more than they had initially planned. This is why checking the minimum deposit requirements on trading platforms before joining is important. Minimum deposits can vary from platform to platform, although most platforms have a reasonable requirement.

Customer Service 

The best trading platforms offer users excellent customer service, with chat, email, and telephone support. No one wants to wait days for a response, especially in a situation where funds may be at risk. Ideally, the trading platform should provide 24/7 support through chat or phone support.

Conclusion – Best Trading Platform In The UAE 2024

Figuring out an ideal trading platform in the UAE can be overwhelming. We hope our list of the best online trading platforms in the UAE helps in making your search easier.

In this guide, we have taken a closer look at all major platforms operating in the UAE and discussed all important features investors must consider when selecting a trading platform. We highly recommend eToro for traders based in the UAE. Alternatively, Evest platform is also an excellent choice for traders, both beginners and advanced.

eToro Broker

  • Free Copy Trading of Professional Traders
  • Best Trading Broker
  • Minimum Deposit only $10
  • Best Beginner exchange
9.9

5 Stars

68% of retail investor accounts lose money when trading CFDs with this provider.

FAQs - Best Trading Platforms In The UAE

Is Day Trading Allowed In The UAE?

Yes, anyone residing in the UAE can do day trading. However, instruments that accrue interest are forbidden in Islam.

If we consider fees, eToro is the cheapest platform for crypto, while eToro is the cheapest for stocks. When it comes to high-volume orders, XTB is the most affordable.

Yes, online trading is perfectly legal in the UAE. However, traders must ensure that the trading platform offers an Islamic account to trade in compliance with Islamic law.

Our pick for the best trading platform in the UAE is Capital.com. The platform offers a wide variety of assets and trading tools at convenient fees. These factors make it our choice for the best trading platform in the UAE.

There are two candidates here, Binance and eToro. Binance offers low trading fees and over 600 crypto assets. On the other hand, eToro offers far lower debit and credit card fees. This makes it the better choice for frequent depositors.

There are several stock trading platforms to choose from. The best of the lot are Evest and eToro, which allow investors to access a plethora of assets.

When it comes to Forex trading, Forex.com is the best choice in the UAE. However, Evest is also a strong contender, offering customizable spreads on forex trading with its diamond account.

eToro offers the best trading app for beginners. The app comes with a plethora of educational material and features such as copy trading.

Trading platforms typically have reasonable minimum deposit limits. However, if you want to trade seriously, you should commit between $500 to $1000 towards trading.

Yes, several platforms in our list offer commission-free trading.

Trading platforms in the UAE support all major currencies, such as USD, AED, and even EUR.