Best Trading Platforms UAE Reviewed

What We Like:

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Evest – Multi-Asset Trading Platform Charging No Commissions

Evest is a multi-asset trading platform that lets UAE investors begin trading with no commission. Users can invest in over 525 trading instruments on this trading platform, such as stocks, Forex Pairs, and Global indices. Providing access to more than 100 financial markets, Evest lets users invest in the top global companies. 

This top UAE broker offers a simple account creation process and supports payment deposits through multiple options such as Credit cards, wire transfers, and e-wallets such as Skrill and Neteller.  

While there are no deposit fees, users must pay a $5 (18.37 AED) withdrawal fee. Depending on an individual’s trading needs, one can select any of the four account types on Evest – Silver, Gold, Platinum, and Diamond. 

The Diamond account may benefit advanced traders since they won’t be required to pay any withdrawal fees. Moreover, Forex traders can benefit from the customized spreads offered in this account. However, the diamond account’s minimum deposit is $50,000 (183,647 AED). 

On the other hand, beginner traders can begin investing with just a $250 (918 AED) deposit by accessing the Silver account. New traders can also benefit from the paper trading account, which comes with a pre-loaded amount of $25,000 in virtual funds. This feature can be useful for those wishing to practice trading strategies without using funds. 

One can also access the Evest Investment Baskets, which combine various financial instruments. The platform states that this feature can be used by low-risk investors who wish to trade long-term. One can also access the platform’s Trading Academy to learn more about the basics of investing. 

Along with its own web-based trading platform, Evest supports MT5 Trader. To protect the client’s funds, Evest uses SSL encryption technology. This trading platform is licensed & regulated by the Vanuatu Financial Services Commission. 

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3. Capital.com – Overall Best Trading platform in UAE

Founded in 2016, Capital.com is a worldwide broker regulated by several leading authoritative bodies including, the FCA, CySEC, and ASIC.

Capital.com has implemented some impressive features to protect its users. The market-leading broker is fully compliant with PCI Data Security Standards meaning client information is encrypted through Transport Layer Security. Furthermore, clients benefit from negative balance protection and margin closeouts, ensuring it’s impossible to lose more than what was initially invested.

To ensure it remains competitive, Capital.com offers commission-free trading and no withdrawal/deposit fees. Instead, Capital.com charges a spread fee that’s already factored into the cost of an asset. There are some overnight fees, but only for leveraged positions.

Stocks, commodities, and Forex are all available to trade on Capital.com, with the platform missing only cryptocurrency. Capital.com’s Investmate app is a phenomenal educational resource that goes a long way to helping beginners learn to trade. If that wasn’t enough, Capital.com is a compatible MT4 trading platform, meaning traders have access to every major indicator.

Capital.com is a great choice for anyone wanting to trade traditional financial markets. It’s well-designed and fairly easy to get accustomed to, therefore beginners will have little minimal trouble when they first use the platform. Furthermore, it has a team dedicated to market research and analysis so clients of the broker will always be able to make well-informed decisions. With its plethora of market research and low fees, Capital.com is perhaps the best stock trading platform out there.

Ever wondered what the best forex broker in the UAE is? Avid forex traders may be pleased to learn that Capital.com is one of the top forex trading platforms in the UAE.

What We Like:

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Crypto.com – Buy and Sell Crypto with Low Fees

With more than 50 million users around the world, cryptocurrency specialist Crypto.com is one of the largest trading platforms in the world. It’s a dedicated crypto exchange with 250+ altcoins so there are plenty of potential investments to choose between.

Security on Crypto.com is excellent. 100% of client funds are kept offline in cold storage, with only corporate funds used to keep the platform running kept in internet-connected wallets. Furthermore, all transactions are protected using multi-factor authentication (biometric, password, authenticator, etc), making it extremely difficult for an attacker to perform an account takeover.

It’s fairly cheap to buy and sell on Crypto.com. It charges just 0.4% in trading fees, meaning investors won’t be left wondering where the rest of their assets have gone. However, purchases using debit/credit cards do still incur some steep charges – a 2.99% fee.

The platform is well-designed but can be slightly confusing at first as the Crypto.com app and exchange act as two separate platforms. Therefore, investors have to manually transfer funds when wanting to use the other platform. Although the Crypto.com app has only basic trading features, the exchange has a good range of order types and charting tools, making it one of the best trading apps in UAE when it comes to crypto.

What We Like:

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Kraken – Secure Platform for Crypto Trading

Kraken is a well-designed crypto & FX exchange with a clear focus on client safety. It was founded in 2011 and is now home to more than 9 million clients spread over 190+ countries.

To keep clients safe, Kraken adheres to strict security principles. 95% of client funds are stored in cold storage and the Kraken serves are locked in secure cages with 24/7 armed guard surveillance. On top of that, Kraken has made 2FA more secure by disallowing SMS verification (which can be spoofed) and sticking to dedicated authenticators like Authy.

Unfortunately, fees on Kraken are above the industry standard with a 1.5% fee imposed on any crypto or FX purchase and 0.9% on stablecoins. On top of its high trading fees, Kraken charges a credit/debit card processing fee of 3.75% + $0.25.

Kraken is a solid platform for trading crypto or forex. While fees are high, the additional security measures will likely be worthwhile to some investors. Therefore, we recommend Kraken for security-conscious traders.

What We Like:

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6. Avatrade – Well-Rounded Platform for Trading Stocks

AvaTrade is a well-known broker that was originally founded in 2006 under the name ‘AvaFX’. Since then, the company has rebranded to AvaTrade and added support for a range of markets outside of forex.

AvaTrade has stated they are ‘dedicated to the safety of your funds’ and as such have implemented a range of advanced security features. 256-bit SSL encryption is implemented across the site, in addition to McAfee Secure being used to protect credit/debit card details.

Although AvaTrade does not charge any commission-free, they instead use a variable spread system so it’s worth checking ahead of time how far above market price an asset is before trading it.

While AvaTrade lacks the numberof assets offered by some of the other platforms we’ve discussed, it’s one of the best MT4 trading platforms that provides its clients with a well-rounded, feature-rich trading experience.

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7. Binance – Trade Over 600 Crypto Assets

Binance is one of the best crypto exchanges in UAE. With more than 90 million users around the world, Binance is a true trading titan. It’s one of the best cryptocurrency trading platforms with over 600 assets, meaning there will always be ample opportunity.

Binance is unfortunately rather un-transparent in regards to its security measures. Although it’s understandable, it’s always preferable how an exchange is protecting its investors. Binance’s incredibly low 0.1% trading fees do help make up for its secrecy, but at 1.85% its credit/debit card fees are higher than most platforms we’ve looked at.

As you’d expect from the world’s largest crypto exchange (by volume), Binance is equipped with a plethora of trading features including order types and advanced charting tools courtesy of TradingView. There’s even a dedicated marketplace for NFT enthusiasts.

For cryptocurrency, Binance is easily one of the best trading apps in UAE. It’s got everything you’d expect from a market-leading exchange, plus more. The only drawback is that Binance is exclusively a cryptocurrency trading platform, so investors looking to trade multiple asset classes on a single platform would be better served by an all-in-one broker like eToro.

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8. Libertex – Award-Winning Trading Platform

Operating since 1997, Libertex has over 2 million clients and 25 years of experience as a broker. It offers a wide variety of assets including cryptocurrency, stocks, commodities, and forex.

As you’d expect from a broker with years of experience, Libertex is regulated and adheres to strict regulations surrounding the segregation of client funds and protection of customer information. Fees on Libertex are reasonable.

The broker doesn’t charge spread fees, instead, sticking to a commission-based structure. Fees vary greatly between assets but will tend to come in between 0.008% and 2.5%. There are tons of payment methods available on Libertex, all of which are free. There are too many to list but some of the most commonly used include bank transfers, e-wallets (PayPal, Skrill), and credit/debit cards. With access to every financial market and the option to create an Islamic account, Libertex is one of the best trading platforms in UAE.

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9. Forex.com – Powerful Forex Trading Platform

Founded in 2001, Forex.com has grown to support a variety of asset classes outside of its namesake including stocks, crypto, and commodities.

Forex.com is part of the Stonex group, a publicly-traded company. Because of this, Forex.com is regularly audited and has to comply with strict regulations surrounding consumer protection. on top of that, Forex.com keeps all client funds segregated from its own, and never uses customer funds for hedging.

Forex.com only charges commission fees on CFD trades, meaning for the majority of transactions only spread fees will be charged.

As expected from a platform called ‘Forex.com’ it’s one of the best forex trading platforms out there. With MT4 support and tons of built-in charting tools, technical indicators, and fast order execution, it’s great for technical traders. Furthermore, its highly completive fee structure makes it a great low-cost platform.

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10. XTB – Excellent High Volume Trading Platform

Founded in 2002, XTB is a Poland-based broker that offers low-cost CFD trading. It’s regulated in the UAE by the Dubai Financial Services Authority (DFSA), meaning it’s extremely secure.

In terms of security, XTB isn’t revolutionary, but it’s still secure. The platform has integrated industry-standard techniques like the segregation of funds to keep clients safe. However, it’s also traded on the Warsaw stock exchange, meaning like Forex.com, it’s frequently regulated and the company’s financials are public knowledge.

Fees on XTB are low at just 0.008%, but with an $8 minimum, the platform isn’t great for low-volume traders. For the most part, deposits are free or low-cost, however, funding with a debit/credit card will cost an additional 2%.

It’s a great publicly traded exchange and the best online trading platform in UAE for high-volume traders. It’s got a solid track record and regular audits provide an extra layer of customer protection.

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11. BitOasis – Trade Crypto in the MENA Region

BitOasis is a crypto exchange dedicated to serving the Middle East and North Africa (MENA). It was founded in 2015 and has grown to support over 100,000 users. Despite operating throughout the MENA region, AED is the platform’s default currency and is used for all purchases.

BitOasis follows the highest security standards and uses cold storage to keep client funds secured and safe from digital attacks. Furthermore, BitOasis uses a third party company called BitGo to keep control over clients private keys, meaning even BitOasis themselves cannot access customer funds in bad faith.

With reasonable fees at just 0.48% for taker orders and 0.24% for maker orders, BitOasis is a cost-effective way to buy crypto using AED.

For investors based in the MENA region, BitOasis is a pretty good option. It’s secure, cheap, and user-friendly. However, its lack of fiat options (AED only) does leave something to be desired.

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