The Best Platform to Invest with Low Commission in the UAE 🇦🇪 [2024]
Invest in digital currencies, stocks, indices and much more
In This Guide
The best trading platform for beginners in 2024
Navigating the world of online trading can be daunting for beginners, especially when choosing the right trading platform. To help you make an informed decision, we’ve reviewed and ranked the best trading platforms for beginners in UAE in 2024. Our expert panel has assessed these platforms based on their user-friendliness, cost-effectiveness, range of features, and overall reliability.
The best trading platform overall for 2024
- eToro: Best for Social Trading
Editors picks: our best trading platform
- Copy-Trading
- Worldwide regulation
- Users from 100 countries
- Demo Account
84.97% of retail CFD accounts lose money
- 430+ thousand users
- Publicly traded company
- Very low spreads
- Mobile trading app
84.97% of retail CFD accounts lose money
- 3000+ assets
- Demo trading account
- Market analysis
- Easy-to-use interface
84.97% of retail CFD accounts lose money
- 0 trading commissions
- Free trading signals
- Advanced analytics
- Demo account
84.97% of retail CFD accounts lose money
The top online brokers in the UAE, reviewed
- CopyTrading – a feature to copy top investors
- Worldwide regulation
- Users from over 100 countries
- Demo Account
- Copy-Trading
- Worldwide regulation
- Users from 100 countries
- Demo Account
84.97% of retail CFD accounts lose money
Overview
eToro is the leading social trading platform, allowing beginners to follow and copy the trades of experienced investors. This unique feature, combined with a wide range of assets, makes eToro an excellent choice for those new to trading.
Pros:
- Innovative social trading features with CopyTrader
- Wide range of assets, including stocks, forex, commodities, and cryptocurrencies
- Commission-free stock trading
- Extensive educational resources and community support
Cons:
- Spreads can be higher than some competitors
- Inactivity fees apply
Why Choose eToro?
eToro’s social trading capabilities and user-friendly platform make it perfect for beginners who want to learn from experienced traders while having access to a diverse range of assets.
- 430+ thousand subscribers
- Reputable publicly traded company
- Very low spreads
- Mobile trading app
- 430+ thousand users
- Publicly traded company
- Very low spreads
- Mobile trading app
84.97% of retail CFD accounts lose money
Overview:
Plus500 is renowned for its powerful mobile trading app, making it ideal for traders who prefer to manage their investments on the go. The platform offers a wide range of CFDs, including shares, forex, commodities, and ETFs.
Pros:
- Highly rated mobile app available on iOS and Android
- Commission-free trading with tight spreads
- Advanced risk management tools, such as stop-loss and take-profit orders
- Regulated by multiple top-tier authorities (FCA, ASIC, CySEC)
Cons:
- Limited research and analysis tools compared to some competitors
- Primarily focused on CFDs, not suitable for buying actual stocks
Why Choose Plus500?
If you’re looking for a robust mobile trading experience, Plus500 is a top choice. Its intuitive app, combined with competitive pricing and solid regulatory oversight, ensures a seamless trading experience on the go.
- 3000+ world-renowned trading assets
- Demo trading account
- Daily Market analysis
- Intuitive & easy-to-use interface
- 3000+ trading assets
- Demo account
- Daily Market analysis
- Easy-to-use interface
84.97% of retail CFD accounts lose money
Overview:
Capital.com stands out as the best overall trading platform for beginners due to its intuitive interface, comprehensive educational resources, and competitive pricing. The platform offers access to a wide range of markets, including stocks, forex, commodities, and cryptocurrencies.
Pros:
- User-friendly interface with a sleek design
- Extensive educational content, including webinars and tutorials
- AI-powered trading insights to help beginners make informed decisions
- Commission-free trading on most assets
- Regulated by top-tier authorities (FCA, CySEC, ASIC)
Cons:
- Limited advanced trading features for professional traders
Why Choose Capital.com?
Capital.com’s blend of user-friendly features, educational tools, and low costs make it an excellent choice for beginners. The platform’s AI-driven insights and educational resources provide a solid foundation for new traders to build their skills.
- Invest with 0 commissions
- Free trading signals
- Advanced analytical tools
- Demo account
- 0 trading commissions
- Free trading signals
- Advanced analytics
- Demo account
84.97% of retail CFD accounts lose money
Overview
Capex excels in providing educational resources tailored for beginners. The platform offers a comprehensive learning academy, including courses, webinars, and articles to help new traders understand the complexities of the market.
Pros:
- Extensive educational resources and learning materials
- User-friendly interface with customizable trading tools
- Wide range of assets, including stocks, forex, commodities, and cryptocurrencies
- Competitive spreads and no hidden fees
Cons:
- Limited social trading features
- Inactivity fees apply
Why Choose Capex?
Capex is perfect for beginners who prioritize education. The platform’s robust learning resources and user-friendly tools help new traders develop their skills and confidence in the market.
- Invest with 0 commissions
- Demo trading account
- Free trading signals
- Advanced analytical tools
- Invest with 0 commissions
- Demo trading account
- Free trading signals
- Advanced analytical tools
84.97% of retail CFD accounts lose money
Overview
Libertex is a popular choice for cost-conscious traders, offering a straightforward fee structure with competitive spreads. The platform provides access to a variety of markets, including forex, stocks, commodities, and cryptocurrencies.
Pros:
- Low fees and tight spreads
- User-friendly platform with a clean interface
- Access to a wide range of trading instruments
- Regulated by the CySEC
Cons:
- Limited advanced trading tools for experienced traders
- No social trading features
Why Choose Libertex?
If minimizing costs is your priority, Libertex is a great option. Its low fees and tight spreads make it an attractive choice for beginners looking to maximize their returns.
- More than 6000 products
- Leveraged derivatives in stocks, indices, etc
- World-class customer service
- Long and short orders
- More than 6000 products
- Leveraged derivatives
- Good customer service
- Long and short orders
84.97% of retail CFD accounts lose money
Overview
Exness is known for its tight spreads, making it an ideal platform for cost-effective trading. The platform offers a range of assets, including forex, metals, cryptocurrencies, and indices, with excellent trading conditions.
Pros:
- Competitive spreads starting from 0.3 pips
- No hidden fees or commissions
- User-friendly interface with powerful trading tools
- Regulated by multiple top-tier authorities (FCA, CySEC, FSCA)
Cons:
- Limited educational resources compared to some competitors
- Restricted access in certain jurisdictions
Why Choose Exness?
Exness’s competitive spreads and transparent fee structure make it a top choice for beginners who want to minimize trading costs while enjoying a user-friendly trading experience.
- Real-time portfolio monitoring
- Flexible funding and withdrawal
- Trading tips for beginners and experts
- Smart charts, webinars & Tutorials
- Portfolio monitoring
- Flexible withdrawal
- Trading tips for traders
- Smart charts, & webinars
84.97% of retail CFD accounts lose money
Overview
AvaTrade offers a secure trading environment with robust regulatory oversight and comprehensive trading tools. The platform supports a variety of assets, including forex, stocks, commodities, and cryptocurrencies.
Pros:
- Regulated by top-tier authorities worldwide (FCA, ASIC, FSCA)
- Commission-free trading with competitive spreads
- Access to advanced trading platforms, including MetaTrader 4 and 5
- Strong educational resources
Cons:
- Inactivity fees apply
- Some assets only available through MetaTrader software
Why Choose AvaTrade?
AvaTrade’s strong regulatory framework and comprehensive trading tools provide a secure environment for beginners to start their trading journey with confidence.
- 3000+ world-renowned trading assets
- Demo trading account
- Daily Market analysis
- Intuitive & easy-to-use interface
- 3000+ trading assets
- Demo trading account
- Daily Market analysis
- Intuitive interface
84.97% of retail CFD accounts lose money
Overview
Fortissio is known for its exceptional customer support, providing personalized assistance to traders at all levels. The platform offers a range of assets and competitive trading conditions.
Pros:
- Excellent customer support with dedicated account managers
- User-friendly platform with a range of trading tools
- Competitive spreads and no hidden fees
- Regulated by the HCMC
Cons:
- Limited educational resources compared to some competitors
- Inactivity fees apply
Why Choose Fortissio?
Fortissio’s outstanding customer support and user-friendly platform make it an excellent choice for beginners who value personalized assistance and competitive trading conditions.
- Invest With 0 Commissions
- Free trading signals
- Advanced analytical tools
- Intuitive & easy-to-use interface
- 0 Commissions
- Free trading signals
- Analytical tools
- Easy-to-use interface
84.97% of retail CFD accounts lose money
Overview
Warren Bowie & Smith provides a range of tools specifically designed for beginners, including educational resources and a user-friendly interface. The platform offers access to various markets, including forex, stocks, and commodities.
Pros:
- User-friendly interface with beginner-focused tools
- Comprehensive educational resources
- Competitive spreads and no hidden fees
- Regulated by the FSA
Cons:
- Limited advanced trading features for professional traders
- Inactivity fees apply
Why Choose Warren Bowie & Smith?
Warren Bowie & Smith’s focus on beginner-friendly tools and educational resources makes it an ideal platform for new traders looking to develop their skills and confidence.
Conclusion
Choosing the right trading platform is crucial for beginners to succeed in the financial markets. Each of these platforms offers unique features and benefits, catering to different needs and preferences. Whether you prioritize low fees, educational resources, or innovative social trading features, there’s a platform on this list that’s perfect for you. Start your trading journey with confidence by choosing one of these top-rated platforms in 2024.
How We Chose the Best Online Trading Platform in the UAE
Selecting the best online trading platform in the UAE requires a thorough evaluation of various factors to ensure that traders have access to the most efficient, secure, and user-friendly platforms. Our team has carefully analyzed multiple platforms based on a set of key criteria to identify the top options for traders in the UAE. Here’s how we determined the leading trading platforms in the UAE:
Key Evaluation Criteria
Regulation and Security:
- Importance: Regulation is essential to ensure the safety and security of traders’ funds and personal data. In the UAE, brokers are regulated by entities such as the Dubai Financial Services Authority (DFSA) and the Securities and Commodities Authority (SCA).
- Top Choice: Capital.com is highly regulated by the FCA and CySEC, ensuring strong security measures and compliance with international standards, making it a top choice for UAE traders.
User Experience and Interface:
- Importance: A seamless and intuitive interface is crucial for traders of all levels, from beginners to experts. We assessed platforms based on their ease of use, accessibility, and overall user experience.
- Top Choice: eToro offers a highly user-friendly interface, simplifying the trading process and making it accessible for all types of traders in the UAE.
Range of Tradable Assets:
- Importance: A diverse selection of tradable assets enables traders to build a well-rounded portfolio. We evaluated platforms based on the variety of assets they offer, such as stocks, forex, commodities, and cryptocurrencies.
- Top Choice: Capex provides an extensive range of assets, allowing UAE traders to effectively diversify their investments.
Trading Tools and Features:
- Importance: Advanced trading tools and features are essential for making informed decisions. We considered platforms with comprehensive tools, including charting options, technical indicators, and real-time data.
- Top Choice: Plus500 excels in this area, offering a wide range of tools, including customizable charting options and advanced risk management features.
Fees and Costs:
- Importance: Trading costs significantly impact overall profitability. We evaluated platforms based on their fee structures, including spreads, commissions, and any additional charges.
- Top Choice: Exness is known for its competitive pricing, with low spreads and transparent fee structures, making it an attractive option for cost-conscious traders.
Customer Support:
- Importance: Reliable customer support is crucial for resolving issues and answering queries. We assessed platforms based on the availability and quality of their support services.
- Top Choice: Capital.com offers 24/7 customer support with a strong reputation for quick and effective responses.
Educational Resources:
- Importance: Educational resources are vital for traders looking to enhance their skills and knowledge. We considered platforms that offer a wealth of learning materials, including tutorials, webinars, and courses.
- Top Choice: eToro stands out with its extensive educational content tailored to both beginners and advanced traders in the UAE.
Conclusion
Our evaluation focused on identifying platforms that excel in regulation, user experience, asset variety, trading tools, fees, customer support, and education. Capital.com emerged as the best online trading platform in the UAE, offering a comprehensive and well-rounded package that meets the needs of traders at all levels.
More About Stock Trading Platforms in the UAE
The UAE is home to a rapidly growing and dynamic financial market, attracting traders and investors from around the world. The country offers a wide range of trading platforms that cater to different needs and preferences, providing access to both domestic and international markets. Here’s an in-depth look at stock trading platforms in the UAE and what they offer:
Overview of the UAE Stock Market
- Market Size: The UAE stock market is one of the largest and most active in the Middle East, featuring a diverse range of companies across various sectors. The market is known for its transparency, efficiency, and high regulatory standards, making it an attractive destination for traders and investors.
Key Features of UAE Stock Trading Platforms
Access to Global Markets: UAE trading platforms often provide access to global markets, allowing traders to invest in stocks from major exchanges worldwide. For example, Capital.com offers access to a diverse range of assets, including international stocks, forex, commodities, and cryptocurrencies, enabling traders to diversify globally.
Regulatory Compliance: UAE platforms are regulated by entities such as the DFSA and SCA, ensuring adherence to high regulatory standards. This regulatory oversight provides traders with a secure and transparent trading environment.
Diverse Asset Offerings: UAE platforms typically offer a wide variety of tradable assets, including equities, derivatives, ETFs, and more. Capex is known for its extensive asset offerings, helping traders build diversified portfolios that align with their investment strategies.
Advanced Trading Tools: Many platforms offer advanced trading tools and features, such as real-time market data, technical analysis tools, and customizable charting options. Plus500 provides these along with its user-friendly platform, enhancing the overall trading experience.
User-Friendly Interfaces: Ease of use is crucial for traders, and many UAE platforms prioritize user-friendly interfaces to cater to both beginners and experienced traders. eToro’s intuitive platform makes it accessible and straightforward for traders at all levels.
Educational Resources: Educational materials are crucial for traders seeking to improve their skills. Many platforms offer tutorials, webinars, and other learning resources to help traders succeed. eToro excels in this area, providing extensive educational content to support traders on their journey.
Why Choose Capital.com in the UAE?
Capital.com stands out in the competitive UAE trading landscape due to its comprehensive features and robust offerings. With strong regulatory oversight, a diverse range of assets, advanced trading tools, and excellent customer support, Capital.com is well-suited to meet the needs of UAE traders.
Conclusion
Stock trading platforms in the UAE offer a variety of features and benefits tailored to different trading styles and preferences. Whether you’re a beginner or an experienced trader, platforms like Capital.com provide the tools and resources necessary to succeed in the UAE’s dynamic financial market.
What Products Can I Trade with a UAE Stock Broker?
Trading in the UAE offers a wide array of financial products and opportunities, enabling investors to diversify their portfolios and capitalize on market movements. UAE stock brokers provide access to various tradable products that cater to different investment strategies and goals. Here’s an overview of what you can trade with a stock broker in the UAE:
Equities (Stocks):
- Local Stocks: Access to companies listed on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), and other UAE exchanges, featuring diverse sectors such as real estate, finance, and energy.
- International Stocks: Many brokers offer access to international markets, allowing you to trade stocks from major global exchanges like the NYSE, NASDAQ, and LSE.
Exchange-Traded Funds (ETFs):
- Domestic ETFs: Invest in ETFs that track UAE indices, sectors, or specific themes.
- Global ETFs: Gain exposure to international markets and sectors through a variety of global ETFs.
Forex (Foreign Exchange):
- Major Currency Pairs: Trade popular currency pairs like EUR/USD, GBP/USD, and USD/JPY.
- Exotic Currency Pairs: Access less common pairs, providing opportunities for diversification and volatility trading.
Commodities:
- Precious Metals: Trade commodities such as gold, silver, platinum, and palladium.
- Energy Commodities: Invest in energy products like crude oil, natural gas, and more.
- Agricultural Commodities: Access a range of agricultural products, including corn, wheat, coffee, and soybeans.
Indices:
- UAE Indices: Trade indices such as the DFM General Index and ADX General Index to gain exposure to the broader UAE market.
- Global Indices: Access international indices like the S&P 500, FTSE 100, Nikkei 225, and DAX 30, offering opportunities to trade entire markets.
Cryptocurrencies:
- Popular Cryptocurrencies: Trade well-known digital currencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
- Emerging Cryptocurrencies: Access a growing list of alternative cryptocurrencies for diversification and speculative trading.
Contracts for Difference (CFDs):
- Leverage Trading: Trade a wide range of assets using leverage, allowing you to amplify your exposure with a smaller capital investment.
- Diverse Asset Classes: CFDs are available on stocks, indices, commodities, forex, and cryptocurrencies, providing flexibility and variety.
Capital.com’s Product Offerings
Capital.com excels in offering a broad range of tradable products, making it an ideal choice for UAE traders. With access to a wide array of financial instruments, Capital.com provides opportunities to diversify and capitalize on market trends across multiple asset classes.
Conclusion
UAE stock brokers offer a comprehensive selection of financial products, catering to various investment strategies and preferences. Whether you’re interested in local stocks, global ETFs, forex, or cryptocurrencies, brokers like Capital.com provide the tools and access needed to succeed in today’s dynamic markets.
Are Stock Brokers in the UAE Regulated?
How Much Money Do I Need to Start Using an Online Broker in the UAE?
Starting your trading journey in the UAE requires understanding the financial commitment involved. The amount of money needed to begin trading with an online broker can vary based on several factors, including the broker’s requirements, the types of assets you wish to trade, and your personal financial goals. Here’s a breakdown of what you need to know:
Minimum Deposit Requirements
Capital.com’s Minimum Deposit:
- Flexibility: Capital.com offers a flexible minimum deposit structure, allowing traders to start with a relatively low amount. The minimum deposit typically starts at $20, making it accessible for beginner traders.
- Higher Deposits: Higher minimum deposits may be required for certain account types or trading specific assets.
Industry Averages:
- Typical Range: Most online brokers in the UAE have minimum deposit requirements ranging from $20 to $500, depending on the platform and account type.
- Premium Accounts: Premium accounts or those offering additional features may require higher initial deposits.
Factors Influencing Your Initial Investment
Trading Goals and Strategy:
- Define your trading goals and strategies to determine the amount you need to start trading effectively. Day traders may need more capital to manage larger positions, while long-term investors may start with smaller amounts.
Risk Tolerance:
- Assess your risk tolerance to decide how much capital you’re willing to risk. It’s essential to start with an amount you’re comfortable losing, especially as you learn the market dynamics.
Asset Types:
- Different assets have varying costs and margin requirements. Forex trading often requires less capital than stocks or commodities, depending on leverage and market conditions.
Leverage Availability:
- Brokers like Capital.com offer leverage, allowing you to control larger positions with a smaller initial investment. However, leverage also increases risk, so it should be used cautiously.
Additional Costs to Consider
Transaction Fees:
- Be aware of transaction fees such as spreads, commissions, and withdrawal fees that can impact your overall investment.
Inactivity Fees:
- Some brokers charge inactivity fees if your account remains dormant for a certain period. Ensure you understand the fee structure to avoid unexpected charges.
Educational Investments:
- Consider investing in educational resources, courses, or tools that can enhance your trading knowledge and skills.
Conclusion
Starting to trade with an online broker in the UAE requires careful consideration of your financial situation, goals, and risk tolerance. Capital.com’s low minimum deposit makes it an attractive option for beginners looking to enter the market without significant financial barriers. By planning your investment carefully and understanding the associated costs, you can embark on your trading journey with confidence and clarity.
Which Trading App in the UAE Has the Best User Reviews?
Choosing a trading app with positive user reviews is essential for ensuring a smooth and satisfying trading experience. In the competitive UAE trading landscape, several apps stand out due to their user-friendly interfaces, advanced features, and excellent customer support. Here’s a look at the trading app that garners the best user reviews in the UAE:
User Reviews and Ratings
High Ratings: Capital.com’s app consistently receives high ratings on platforms like the Apple App Store and Google Play Store, reflecting its reliability and user satisfaction.
Positive Feedback: Users praise the app for its ease of use, comprehensive features, and responsive customer support, making it a preferred choice for many UAE traders.
Conclusion
Capital.com’s trading app stands out as the best-rated app among UAE traders due to its user-friendly interface, advanced features, and strong regulatory compliance. Whether you’re a beginner or a seasoned trader, Capital.com’s app provides the tools and support needed for a successful trading experience in the fast-paced UAE market.
How to Buy Stocks in the UAE
Buying stocks in the UAE offers investors access to one of the Middle East’s most dynamic and liquid markets. The Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) are home to a wide range of companies across various sectors, providing ample opportunities for traders and investors. Here’s a step-by-step guide on how to buy stocks in the UAE:
Step 1: Choose a Reputable Broker
- Selecting a Broker: Choosing a reliable broker is the first step in your stock trading journey. Look for a broker that is regulated by the DFSA or SCA and offers access to DFM and ADX-listed stocks. Capital.com is an excellent choice, providing a secure and user-friendly platform with access to both domestic and international markets.
Step 2: Open a Trading Account
Account Registration:
- Visit the broker’s website or download their app to begin the registration process.
- Provide personal information, including your name, address, and contact details.
Verification Process:
- Complete the KYC (Know Your Customer) process by submitting identification documents such as a passport or ID card.
- Verify your bank account details to enable deposits and withdrawals.
Fund Your Account:
- Deposit funds into your trading account using available payment methods, such as bank transfers, credit/debit cards, or e-wallets.
- Ensure you meet the broker’s minimum deposit requirements, which can vary based on account type and trading goals.
Step 3: Research Stocks
- Conduct Research: Conduct thorough research on potential stock investments to make informed decisions. Use resources such as:
- Company Reports: Analyze financial statements, earnings reports, and other relevant documents to assess a company’s performance and prospects.
- Market Analysis: Leverage tools like Capital.com’s market insights to understand trends and identify promising opportunities.
- Industry News: Stay updated on sector-specific developments and broader economic factors influencing stock prices.
Step 4: Execute Trades
Place an Order: Use your broker’s platform to search for the desired stock and place an order. Choose the type of order you wish to execute, such as market orders, limit orders, or stop-loss orders.
Monitor Your Investments: Regularly review your portfolio to track performance and make adjustments as needed. Utilize trading tools and alerts to stay informed about market movements and potential opportunities.
Diversify Your Portfolio: Consider diversifying your investments across different sectors and asset classes to manage risk effectively. Capital.com offers access to a wide range of financial instruments, allowing you to create a balanced portfolio.
Step 5: Manage Risk
- Implement Risk Management: Implementing risk management strategies is crucial for long-term success in stock trading. Consider the following:
- Set Stop-Loss Orders: Protect your investments by setting stop-loss orders to limit potential losses.
- Determine Risk Tolerance: Understand your risk appetite and avoid over-leveraging your positions.
- Regularly Reassess: Continuously evaluate your risk management strategies and adjust them based on market conditions and personal goals.
Conclusion
Buying stocks in the UAE involves selecting a reputable broker, conducting thorough research, and executing trades with informed strategies. With the right tools and approach, investors can capitalize on the opportunities available in the UAE’s vibrant stock market. Capital.com provides a secure and user-friendly platform to support traders in making confident and informed investment decisions.
FAQs
Capital.com is considered the best trading platform in the UAE, offering comprehensive features, strong regulatory compliance, and a user-friendly interface.
Yes, online brokers in the UAE are regulated by entities such as the DFSA and SCA, ensuring a secure and transparent trading environment.
The minimum deposit required to start trading with Capital.com in the UAE typically starts at $20, making it accessible for beginner traders.
Yes, UAE brokers like Capital.com offer access to international stocks, allowing you to diversify your portfolio globally.
You can fund your trading account using various methods, including bank transfers, credit/debit cards, and e-wallets.
Consider factors such as regulation, user experience, asset offerings, fees, and customer support when choosing a broker in the UAE.
Yes, mobile trading is available in the UAE. Platforms like Capital.com offer highly-rated mobile apps for trading on the go.
Conclusion
Navigating the UAE’s trading landscape in 2024 requires understanding the unique aspects of the market and the available platforms. By addressing these frequently asked questions, traders can gain the knowledge and confidence needed to succeed in the UAE’s dynamic financial markets. Capital.com, Capex, eToro, Plus500, Exness, and WBS offer the tools, resources, and support necessary to thrive in this competitive environment.
Best trading platforms by country
Which is the best platform for my country?
Determining the best trading platform in your country isn’t straightforward, as it largely depends on your individual needs, budget, and long-term goals. If you’re outside UAE, our experts have evaluated and rated top brokers in various countries to assist you in finding the one that best suits your requirements.