Home to towering skyscrapers and wealthy sheikhs, UAE is a widely recognized global and financial business hub. Attracting billions of dollars’ worth investments annually, the region’s stable economy and business friendly environment have made it a magnet for investors worldwide.
New technologies, mostly the internet and smartphones, have changed the way people trade and invest. Online trading is becoming increasingly prevalent, democratizing access to financial markets and empowering more people to take control of their financial future.
In recent years, the UAE has seen a massive rise in the popularity of trading platforms. Various financial instruments, including stocks, bonds, commodities, and currencies are bought and sold on these platforms. These apps are incredibly convenient, user-friendly and making trading a lot simpler.
Looking for the best trading app? In this blog, you will find a comprehensive overview of the best trading apps in dubai, UAE for both beginners and professionals to help you find reliable trading services. Moreover, you will be enlightened with deep insights, features, benefits, and pricing to make an intelligent choice.
Are you a UAE resident or an expat looking to invest in stock and online shares? Without further fluff, lets dive straight to business and look at the best online trading platforms in the UAE.
Trading212 is the perfect platform for people who are new to trading and investing. It is one of the top trading platforms in Dubai, warranted by professional licensing, competitive fees, and 7,000 plus tradable entities.
Furthermore, Trading212 app offers a solid stock and ETF selection that can be traded without any commissions. It provides a secure space for users to trade stocks, CFDs, forex, cryptocurrency, gold, bonds, and ETFs.
You get modern trading features at a reasonable rate on this application, let see what are those:
To help users make intelligent and informed choices, trading212 provide data-driven market insights in real-time.
Users can customize their charts according to their liking. They can easily adjust the time frame, chart styles and other visual elements. A comprehensive view of the market condition is provided by the multiple indicator tool.
This feature provides an array of useful technical indicators like Moving Averages (SMA, EMA), Bollinger Bands, MACD, Relative Strength Index (RSI) etc.
AutoInvest intelligently sets up recurring deposits into the accounts and automates the trader’s investment strategy. This feature helps users maintain a stable investment and benefits from dollar-cost averaging.
This tool analyzes the intrinsic value by examining the related economic, financial and external factors. Users can also access analyst forecasts and earning reports to predict market performance.
A minimum deposit of $1 is necessary for the user to start trading on the app.
No commission or trading fee is charged to buy, sell or hold ETFs and shares. But you might need to pay external fees/taxes.
| Trading and Non-trading Fees | Details |
| Account Fee | $0 |
| Withdrawal Fee | $0 |
| Inactivity Fee | $0 |
| Custody Fee | $0 |
| Conversion Fee | 0.15 percent mark-up for real stocks and ETFs
O.50 percent for Forex and CFD. |
| Pros | Cons |
| Commission Free Trading | Limited Research and Analytical tools |
| Interest on uninvested cash | Limited Product Portfolio |
| No Inactivity Fees | High Forex Charges |
| User-friendly Interface | Currency Conversion Fees |
Apple Store Rating: 4.8/5
Google Play Rating: 4.1/5
Trustpilot Rating: 4.6/5
Roboforex is a well-recognized trading app in UAE that is a part of the Roboforex Group. Traders looking for an all-in-one user focused trading experience. It’s a highly secure application that operates under the regulations set by the FSC (financial Services Commission) Belize.
Their tradable assets include forex, indices, shares, commodities, cryptocurrencies, bonds, ETFs, options, industry sectors, and interest rates.
Roboforex offers a wide range of features designed to take of all your needs. Here are some of its distinguishing features:
This feature helps traders make informed decisions with real time updates on market conditions, economic events, and trading signals.
Copy trading enables traders to replicate the trading strategies of successful traders. This feature is very helpful for beginners.
It includes automated tools like Expert Advisors (EAs) to create, backtest, and implement trading strategies.
Users can manage their portfolios directly from the application to quickly adjust to open positions and track performance metrics.
The app integrates seamlessly with MetaTrader 4 and MetaTrader 5 platforms, enabling access to advanced charting tools and 50 plus technical indicators.
Want to practice trading tools and strategies without bearing losses? Roboforex’s demo account provides a risk-free arrangement that allows users to implement realistic trading strategies without investing real money!
You need a minimum deposit amount of $10 to start trading on the app.
| Trading and Non-trading Fees | Details |
| Electronic Pay Withdrawal | 0.5%-2.5% |
| Withdrawal Fee of Local Bank Transfer | 4% |
| Withdrawal Fee of Credit/Debit Card | 2% |
| Inactivity Fee | $0 |
| Account Type | Minimum Deposit | Minimum Spread | Commission | Trading Cost |
| Pro Standard | $10 | 1.30 | Spread Only | $13 |
| Pro-Cent | $10 | 1.30 | Spread Only | $13 |
| ECN-Pro | $10 | 0.10 | $4/lot | $5 |
| Prime | $10 | 0.10 | $2/lot | $3 |
| Pros | Cons |
| Wide Range of Assets | Complex fee structure |
| Multiple trading platforms | Concerns related to investor protection |
| Low Minimum Deposit | High Spreads on some accounts |
| Copy Trading | Limited regulation |
| Customer Support |
Apple Store Rating: 4.4/5
Google Play Rating: 4.3/5
Trustpilot Rating: 3.6/5
IBKR is the best trading platform in Dubai, UAE that provides diverse account options on reasonable charges. And this no exaggerated statement, they recently received the Best Online Broker Awards 2024 from Nerdwallet. Additionally, Investopedia and BrokerChooser also awarded the IBKR app in the same category.
This comprehensive online broker trading app allows its users to trade in stocks, options, futures, EFPs, forex, bonds, options, funds and some cryptocurrencies.
Do you want to create a successful trading app like Interactive Brokers? Checkout How Much Does It Cost To Build An App In Dubai 2024
Interactive Brokers (IBKR) mobile app is an advanced trading platform equipped with modern trading features. Some of its standout features are:
This intelligent feature searches for the best price available at the time of your order and dynamically re-routes part or all your order to achieve optimal execution.
IBKR app maintains high standards of financial transparency. It works in compilation with several financial authorities including SEC, FINRA, CFTC, FCA, and SFC.
Discover tool helps investors make informed choices powered with data insights. This efficient tool offers in-depth security analysis, including historical profiles, financial ratios and analyst ratings.
The app comes with cutting-edge trading tools, like technical analysis, advanced charting, and customizable trading platforms.
Investors can earn additional income by lending their securities to other traders and institutions. This feature supports various landing activities such as reviewing loaned securities, outstanding balances and earned interests.
Easy portfolio management on the go from the application.
This app requires no minimum deposit fee.
| Trading and Non-Trading Fees | Details |
| Commission Fee (Stocks, ETFs, Options, Futures, Forex) | $0 for IBKR Lite and $10 for IBKR Pro |
| Bonds | 0.1% of face value (minimum $1, maximum $250) |
| Currency Conversion | 0.002%-0.5% |
| Withdrawal Fee | $0 |
| Mutual Funds | $14.95 or 3% of trade value for no-loads funds |
| Inactivity Fee | $0 for IBKR Lite and $10 for IBKR Pro |
| Pros | Cons |
| Advanced Research and Tools | Challenges in granting trading permissions |
| High Order Execution Quality | Inconvenient for plain-vanilla investment |
| Ability to trade in foreign markets | Limited Access to IPOs and OTC stocks |
| Smooth user-interface for mobile apps | No Price Alerts in apps |
| Large Investment Selection | High Minimum for interest |
Apple Store Rating: 4.5/5
Google Play Rating: 4.7/5
Trustpilot Rating: 3.5/5
Pepperstone is a great application for trading in UAE in 2024. This app has been in business since 2010, providing excellent trading services globally. The company boasts several honors in the industry for providing an efficient and seamless trading experience to its clients. These awards include Best Forex ECN Broker and Best Forex Trading Support from the UK Forex Awards.
In context of assets, Pepperstone provides currency pairs and other CFDs, including shares, indices, ETFs, currency indices and commodities. But, crypto CFDs are limited to professional traders only.
Pepperstone trading app offers a diverse range of trading features that caters to all the needs of a present-day trader. Here are some of its commonly known features:
This feature allows you to build and follow both public and custom watchlists to keep track of your preferred instruments.
This app empowers traders with several risk management tools like stop loss, take profit orders, guaranteed stop loss orders, and negative balance protection.
Multilingual support makes sure that traders get their required assistance in their native language, catering to a diverse global client base.
It supports multiple trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.
Pepperstone app offers a wide variety of financial markets, like forex, commodities, indices, cryptocurrencies and shares.
On the Pepperstone app, the minimum deposit requirement is $10.
| Trading and Non-Trading Fees | Details |
| Account Fee | $0 |
| Withdrawal Fee | $0 |
| Commission Fee | $6-$7 per round |
| Inactivity Fee | $0 |
| Swap Rates | Asset-dependent and listed in the platform |
| Overnight/Rollover Fees | Varies based on the instrument traded |
| Pros | Cons |
| Reliable and Fast Execution | Charges commission of GBP 4.50 per standard lot |
| Multiple trading platforms | High Overnight Fees |
| Supports MT4, MT5 and cTrader | Slow Live Chat |
| Social and Copy Trading | Not guaranteed stop loss order |
| Licensed with FCA | No fundamental data |
Apple Store Rating: 3.0/5
Google Play Rating: 4.4/5
Trustpilot Rating: 4.6/5
IG Trading is an excellent trading platform for professional and new traders who want try online trading. It presently serves more than 300,000 users worldwide.
Bonds, cash, commodities, property, stocks and shares are the assets they deal in. IG trading also won the Best Finance App Title by the ADVFN International Financial Award.
IG trading is a versatile application that offers powerful tools and strategies for managing your trading activities. Some of the most commonly known features are mentioned below.
This feature provides users the latest market news and trends. It also offers a visual calendar that shows upcoming economic events and the number of traders buying and selling assets.
Traders are up to date on the market conditions and opportunities in real time by using this feature. It alerts users on fluctuating prices, economic events, and trading signals.
It supports advanced charting with ProRealTime. This includes automated trading capabilities and sophisticated analysis tools.
You can trade over 17,000 markets, including niche markets like interest rates and sectors.
The minimum amount required by this application to start trading is $50. But you first need to first open an account with the broker to make a deposit.
Want to build an application with the latest compatible tech stack? Read about How to Choose the Right Technology Stack for Your Mobile App!
| Trading and Non-trading Fees | Details |
| Commission Fee | 0.08%-0.25% |
| Withdrawal Fee | $0 |
| Inactivity Fee | $12 |
| Swap Rates Admin Fee | 0.80% |
| Spreads | 0.1 pips – 0.8pips |
| Currency Conversion Fee | 0.50% |
| Pros | Cons |
| User-friendly interface | High fees for Stock CFDs |
| Wide range of instruments for forex traders | Limited Product Portfolio |
| Advanced Trading Tools | Inactivity Fees |
| No withdrawal fees | Complex Instruments |
| Regulated activities and participation in compensation funds | Limited deposit and withdrawal options |
Apple Store Rating: 4.6/5
Google Play Rating: 4.1/5
Trustpilot Rating: 4.1/5
Yes, online trading is legal in Dubai, UAE, as long as the trading activities are conducted through licensed and regulated platforms. The Dubai Financial Services Authority (DFSA) is responsible for regulating trading activities in the Dubai International Financial Centre (DIFC).
Trading platforms in Dubai offer a wide range of assets, including stocks, forex, commodities, cryptocurrencies, indices, and bonds. The availability of these assets depends on the specific platform you choose.
When choosing the best automated trading platform in UAE, consider factors such as regulation, fees, the range of available assets, user interface, customer support, and the availability of educational resources. It’s also important to select a platform that aligns with your trading style and objectives.
The cost can vary widely depending on the app’s complexity, features, and the company’s location. Basic trading apps can cost between $30,000 to $50,000, while more advanced apps with sophisticated features can exceed $100,000. It’s essential to get detailed quotes from multiple companies to compare.
Most platforms offer various payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill. The processing time and fees may vary depending on the method you choose.
Many platforms offer educational resources, including webinars, tutorials, eBooks, and articles. Additionally, you can attend local seminars, join trading communities, and practice on demo accounts to improve your trading knowledge and skills.
The 2013 movie “The Wolf of the Wall Street” accurately highlights charisma and potential risks of the financial markets. Trading apps offer a more safer, and regulated way to participate in these markets.
As online trading is becoming a popular method of growing capital in Dubai and UAE, people need to have a deeper look into the apps and platforms available in the market to make before committing to one. If these trading apps have developed an interest in building an intuitive online trading application in UAE, you can partner with Abtach dmcc to maximize your chances of success in the middle east.
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