Our editorial team of experts has reviewed dozens of regulated online brokers and trading apps for traders in UAE. Main goal of this guide is to help you find the right platform for trading.
Top 5 Trading Platforms available in the United Arab Emirates
- XTB – Great Mobile Trading Apps for iOS
- Pepperstone – Recommended for Forex
- Skilling – Low Fees
- IQ Option – Excellent for Binary Options
XTB
XTB is a high quality low commision stock broker with the best mobile trading App for Android and iOS operating systems. XTB broker operates in the United Arab Emirates with a DFSA license. It has an access to over 2500 shares and 150+ ETFs, 56 currency pairs.
- High Quality Stock broker regulated by DFSA Dubai
- Real shares and ETFs with low commision
- CFDs on FX, Crypto, Commodities
- Office and support from Dubai
- Minimum deposit is $10
- Demo Account
- Average forex spreads are a bit more expensive
Pepperstone
Pepperstone is a number one choice for forex traders from all round the World.
Thanks to its robust security this Dubai licensed broker offers great trading platform in UAE.
74,4% of retail investor accounts lose money when trading CFDs with this provider.
- Safe online broker regulated by DFSA Dubai
- Ultra Low forex spreads from 0.00 Pip
- Over 70 currency pairs available
- CFDs Stocks Indices, FX, Crypto, Commodities
- MT4, MT5, cTrader, TradingView
- Minimum deposit is $0
- Micro Lots
- Demo Account
- Mostly CFDs
Skilling
Skilling.com is one of the most popular UAE trading platforms. This trading platform is safe and regulated and allows investing in hundreds of different financial assets, including CFDs on forex, stocks, stock indices and all popular cryptocurrencies.
One can invest with Skilling through CFD contracts. When buying, traders and investors do not buy real underlying assets, but enter into a contract with the broker to profit from the price difference. This way they can use less capital, and speculate on both sides of the market (long and short).
Skilling offers avery user friendly self-made platform for trading .
According to an independent research, UAE traders who have been trading with Skilling broker are very pleased with easy to use trading platform, low fees and access to over 900 financial markets instruments.
The Skilling trading platform is easily accessible from both mobile devices (both iOS and Android Apps) and desktop computer.
Skilling broker offers a propriertary trading platform with a multi-chart layout, great technical analysis tools , historical price quotes and much more. There is also an interactive chart that can help you to monitor your open trades.
- Leverage up to 1:500
- 50 cryptocurrencies
- 700 stocks
- 60 forex pairs
- Free Demo Practice Account
- Low minimum deposit $250 (approx. 920 AED)
- MT4 Metatrader
- cTrader
- Webtrader Skilling Trader
- Fully Regulated by the UK FCA Agency
- Mostly CFDs
How can I trade stocks in UAE?
The United Arab Emirates (UAE) offers plenty of opportunities for investors looking to trade stocks. The country has a well-developed economy and its stock markets are some of the most mature in the Middle East.
The two main stock exchanges in the UAE are the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX). Both exchanges offer a variety of stocks to trade.
If you’re a foreign investor, you’ll need to open a brokerage account with a local firm in order to trade stocks on either exchange. The process is relatively straightforward and can be done online.
Once you have a brokerage account, you can start trading stocks. The DFM and ADX both have their own trading platforms that you can use to place orders.
It’s important to do your research before investing in any stock. This includes understanding the company’s financials, its business model, and market conditions.
When you’re ready to place an order, you’ll need to specify the type of order, the stock ticker, the number of shares, and the price you’re willing to pay.
Once your order is placed, it will be matched with another order from another investor. If there’s a match, the trade will be executed and you’ll be notified of the results.
Trading stocks in the UAE can be a great way to diversify your investment portfolio. With a well-developed economy and mature stock markets, the UAE offers plenty of opportunities for investors.
How to Trade Online in the United Arab Emirates
Trading in the UAE requires a regulated online broker, preferably one that has a good customer reputation. These brokers usually offer a multitude of different trading accounts, such as:
- FX trading: FX trading is when you trade one currency for another. You can make money on this as the exchange rates chop and change. The Forex market remains one of the most expansive and liquid on Earth, hence why it is so popular.
- CFD trading: CFD stands for Contracts for Difference. This form of trading revolves around derivative financial instrument transactions. To make money, a trader must predict the future for underlying assets.
- Demo accounts: As the name suggests, demo accounts hold virtual money, allowing traders to practice their craft, learn, and develop strategies.
- Islamic accounts:Islamic accounts are for traders who want or need to abide by Sharia law.
With stock trading, you must apply for a NIN investor number if you plan on trading listed securities on the DFM and ADX. Once you have your number, you need to locate a broker that lists stocks on these exchanges. Securities transactions in the UAE are done in AED.
Online Trading in UAE
The UAE represents a unique and enticing opportunity for any investor, thanks to its vast range of locational benefits, which include a low tax rate, supportive regulations, a thriving FinTech sector, and a stable political landscape. This is why many cryptocurrency exchanges have moved their bases to the UAE. The United Arab Emirates also ranks at first and seventh on the World Bank’s list, while it has been rated as the 25th best place to start a new business and the 15th best when it comes to locating and maintaining minority investors.
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