Best Trading Platforms and Apps in UAE (2023 update) (2024)

Are you looking to find the best trading platforms in UAE? Probably you are overwhelmed with hundredsof online trading apps and unable to decide which one is best for you. As such, knowing which platform to go with is not an easy job.

The Ideal starting point is to decide what you’re looking for in a broker. For example, are you looking for a platform that offers thousands of financial instruments, or are you more concerned with fast withdrawals and multiple payment options? Similarly, if you’re looking to trade high volumes, you’ll likely want to stick with platforms that offer low fees.

Either way, we would suggest viewing our guide on the Best Trading Platforms of 2021. Within it, not only we will list the best trading platforms in UAE, but we’ll also provide you with the ins and outs of what you need to look out for prior to joining a new broker.

Best Trading Platforms and Apps in UAE:

If you don’t have time to read our full guide, here’s a quick look at the best trading platforms in UAE:

1. eToro – Best for Stocks and Social Trading (AFSL 491139. Capital at risk. See PDS and TMD(

2. XTB– Best Overall (Stocks, Forex, CFD, Stocks) trading platform

3. Equiti – Best Forex Broker

5. StormGain – Best Crypto CFD trading Platform

How Do We Nominate the Best Trading Platforms and Apps in UAE?

√Number of financial instruments the broker has
√Trading fees and commissions
√Deposit and withdrawal methods the broker supports
√Trading platforms, features and charting tools

Top 5 Trading Platforms in UAE

According to the criteria we listed above, we have nominated the best trading platforms in UAE. We have included an option for both beginners and more advanced traders, so be sure to read through the pros and cons listed beneath each broker.

1. eToro – Best for Stocks and Social Trading

eToro is an online financial trading platform founded in the year 2007. Etoro was initially named Retail FX but later renamed to what it is now.

The firm is a reputable online broker and famous for its intuitive platform and regulated by CySec. The platform allows for fat account opening, commission-free stock trading, and advanced social trading.

Are you a beginner trader looking to invest in Stocks, CFD, or crypto assets-eToro is the perfect platform for you?

Following are some of the services offered on the eToro trading platform:

• Stocks Trading
• Commodities trading
• Forex trading
• CFDs trading Social trading
• Indices trading
• Cryptocurrency trading
• Index-based funds trading
• ETF (Exchange Traded Funds) trading

Finally, eToro is well known for bringing the ‘Social Trading‘ phenomenon to the online brokerage space. This allows you to copy the trades from more experienced traders on the platform. Crucially, this means that eToro is suited to both newbie and more advanced traders.

Key Points:

• You can consolidate all your investments in one platform
• Supports multiple payment methods including e-wallets
• Fast trader registration and KYC process
• Thousands of financial instruments to choose from
• Perfect for beginners

Disclaimer: eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

Check out eToro UAE Review>>

2. XTB – Best Overall (Stocks, CFD, Forex, Stocks) Trading Platform

XTB’s started in 2002 as X-Trade. In 2004, it merged into XTB group. Currently, X-Trade brokersDM SA in Poland, is one of the biggest Forex and CFD brokers listed on the Warsaw stock exchange. They have offices in 13+ countries, including Poland, the UK, France, Spain and Germany.

Though XTB’s market doesn’t match those of bigger platforms, it outdoes them in crypto trading. Moreover, they run proprietary trading technology that provides traders with quick and reliable trading speeds, full transparency on trades, and no requites.

To affirm their position, they received the ‘Best Trading Platform’ award in 2016 and was voted the top-rated Forex and CFD Broker in 2018 in the Wealth and Finance International Awards.

Key Points:

• Highly regulated and licensed in multiple countries
• Offers standard account (no commission), Pro account (very tight spreads but with commissions) and Islamic accounts
• No minimum deposits
• Very wide range of financial instruments to trade
• Excellent for both beginners and advanced traders

Check out XTB UAE Review>>

3. Equiti – Best Overall Trading Platform

Equiti Group Ltd is a global broker for trading Forex, shares, indices and commodities.

With over 300 global specialists and 24/6 customer service in 9 languages, Equiti provides clients with access to individual, professional and institutional brokerage services across various affiliates and subsidiaries.

Equti offices are located in the Middle East, Europe, Asia, Latin America and Africa, Equiti offers Forex traders with competitive prices and spreads.

Following are some of the services offered on the Swissquote trading platform:

• Stocks
• ETFs
• Forex
• CFDs
• Funds
• Crypto CFDs
• Indicies
• ETF (Exchange Traded Funds) trading

Key Points:

• Solid and safe company since it is Highly regulated
• No account inactivity fee
• Access to many markets and products
• Excellent customer support
• Advanced Trading education tools

Check out Equiti UAE Review>>

4. StormGain – Best Crypto CFD Trading Platform

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.

Available on any device, StormGain allows you to start trading the most popular and most capitalised coins with leverage of up to 200x, or you can just buy and hodl crypto.

the platform offers a wide range of products such as:

• Cryptocurrency Trading
• Crypto Indicies
• Crypto Options
• Tokenized assets
• Wallets

If you are looking for Crypto trading, StormGain is really an interesting platform.

Key Points:

• Very user-friendly platform
• One of the lowest fees in the market
• No withdrawal fee
• Account opening is simple and straight-forward

Sign Up Here and Get 25 USDT Signing Bonus

Some Points to Consider before you start Trading!

Before you start trading, you need to do your research to make sure that you chose the broker.

Even if brokers offer similar products, it’s crucial to know that you will not make the same profits or losses if you open the same trade with the same amount of money through different brokers.

❖ The right Broker can help you save a ton on fees and spreads.

❖ Leverage is the use of borrowed funds so that traders can trade in a position that’s bigger than their initial funded amount. However, Leverage can be a double-edged sword as it works in both positive and negative ways. If unsure, always seek professional advice before using ‘LEVERAGE’ in a trade.

❖ When you make a trade, be it for currencies, commodities or stocks, you do not own the currency. The broker records your order and then attributes your trade’s profit and losses based on how the current rate fluctuates.

Useful Tips to Help you Choose the Best Online Trading App in UAE:

With so many trading apps and platforms in UAE that offer different services, how do we choose the best and separate from the others? You need to use the following criteria to select the best trading platform and app in UAE:

❖ Regulations

The first and the most important thing is security, the broker’s credibility, and the protection of your money. Our number one priority is to research whether the broker is regulated or not and where it is regulated from.

❖ Ease of Trading Platform

Every broker provides its traders with a software platform that is used for trading. There are some trading platforms that are complex, overwhelming and requires a certain system configuration. Avoid brokers with such platforms.

❖ Fees & Overnight charges

Some brokers charge fees on opening trades, or they charge you for keeping your trades open for long periods (overnight or swap fee). Try to choose brokers with minimum to no trade fees. Our selected brokers are researched carefully and well-reviewed from trading cost perspective.

❖ Deposits & Withdrawals

Always look for brokers that are known for their easy deposits and withdrawals process. The last thing you want to go through is depositing your money and waiting for a long time to sight the fund in the trading platform. Also, avoid brokers that are know to make their users wait for a long time to get their money back after a withdrawal order.

Warning: Trading on a leveraged basis involves a significant amount of risk

How To Start Online Trading in Dubai, UAE?:

To start online trading, you need first to select a good online broker. Make sure that you select a well-known and regulated broker that offers a wide range of products, and has a low trading fees and tight spreads.

If you feel that you are not ready to risk part of your capital, then start with a demo account, most of brokers offer a demo version with virtual money so you can practice trading with real-time prices and products.

Once you feel confident, you can fund your account, and start live trading.

What Products You can Trade Through Brokers in UAE:

Online brokers in the UAE offer wide range of products on their platforms and apps for trading. Here are the products you can trade online:

• Stocks & ETFs: you can invest in your favourite US and International stocks and ETFs. You can also invest in dividend stocks to make a passive income – Check out How to Buy US Stocks from UAE
• CFDs: CFD (contract for difference) enables you to trade stocks and many other financial instruments without owning the. You only bet on the price movement. CFDs gives you leverage that allows you to open big positions with low capital, and make profits as if you are trading with large capital – if you want to learn about CFD and how to trade CFD in UAE, send us an email on info@thefinancedean.com and we will help you out with your trading
• Forex:With forex you can buy and sell currencies to profit from the price fluctuation and make money. The forex trading market is the largest financial market in the world – Check out the best forex brokers in UAE
• Cryptocurrencies:Cryptocurrency market is the fastest growing financial market in the past years, and gaining popularity in a very fast pace because of the big profits traders are making on Crypto – Check out Best Crypto Exchanges in the UAE