Best Trading Platforms UAE Reviewed

What We Like:

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

2. eToro – Great Alternative Trading Platform

eToro was launched in 2007 and has since grown to serve over 27 million users around the world.  With over 70 cryptocurrencies, 49 currencies, and nearly 3000 stocks, eToro is packed full of assets primed for investment.

As a regulated broker, eToro takes great care to protect its customers. It obscures all sensitive information using SSL encryption before it leaves the client’s device, preventing attackers from intercepting any data. Cold storage is used to keep assets secure and eToro users have the option to set up 2-factor authentication as a safety measure.

eToro uses a transparent fee structure that’s fair to all investors. Crypto-assets have a flat 1% trading fee (in addition to spread). Stocks are zero commission, and CFDs have variable spreads. Residents of the UAE can deposit as little as $50, so eToro is a very affordable platform.

With its range of educational material and copy trading features designed to help users learn new trading strategies, it is one of the best trading platforms for beginners. On top of its beginner-centric features, eToro also offers an Islamic account with access to leverage and charting tools, making it a great choice for Islamic investors.

All  in all, eToro is a very strong platform with features that will appeal to investors of all experience levels. It has all major asset classes so it’s the best trading platform in UAE for anyone wanting to trade a large variety of assets.

What We Like:

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

3. 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.

4. 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.

5. 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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6. 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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7. 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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8. 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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9. 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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10. 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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