Best Options Trading Platforms in UAE

Tradestation charges $1,00/contract on index options on the regular account and no commission for stocks, futures, and other financial instruments on the TS Select account. This makes TradeStation’s fees one of the lowest in the industry for trading with all kinds of options.

Talking about all kind of options – Tradestation users have access to a broad range of options, covering 33 global markets, sectors, and industries overall.

Their OptionStation Pro desktop platform allows users to build dynamic strategy-based options chains, graphs and analyze any options trading scenarios. Traders can additionally  make use of what-if position graphs, opening theoretical positions to conduct in-depth analysis and expert advisor backtesting. To top it off, the platform guarantees lightning-fast (40 ms/trade) and reliable order execution which makes it a top choice for active traders.

The only downsides of trading options with TradeStation are that some options strategies, research, and educational tools come at additional costs, such as straddles, collars, and premium services.

Interactive Brokers offers its users a professional options trading platform (Trader Workstation) with many advanced tools for options trading including:

Rollover Options Tool – Allows users to scan current stock positions and calculate the number of covered options required to write to generate extra income. The tool can also be used to roll over expiring options.
OptionTrader – Displays market data for underlying assets, allowing users to create combination orders.
Options Analytics – Shows important options pricing criteria such as implied volatility and visualizes the impacts.
Options Portfolio – Scans market data for options trading opportunities using Greek risk dimensions like Delta, Gamma, Theta, and Vega.
Options Strategy Builder – Use straddles, strangles, butterflies and condors to create multi-legged combination orders.
Options Strategy Lab – Hedges long stock and ETF positions with profitable stock and option combinations.
Probability Lab – Shows the volatility outlook for underlying stocks and ETFs so users can identify profitable options trading strategies.
Volatility Lab – Provides snapshots of past and future stock volatility readings so that users can compare the performances of certain stocks with competitors.

The platform offers access to over 30 global options markets including the ISE Options Exchange, NASDAQ, AMEX, and CBOE. Users can also limit their risk, increase their execution speed, and benefit from better prices by using over 100 available order types and algos for options trading. This is especially useful for professional and high-frequency traders that use automated trading software.

Their trading fees on options ranging from $0,15 to $0,65 per options contract are among the lowest in the industry. The broker charges additional fees for services such as InteractiveAdvisors (management fees between 0,08% and 1,5% annually),  clearing, and regulatory fees.

AvaOptions (AvaTrade’s proprietary options trading platform) provides users with access to over 1,260 CFD, 40 forex options and streaming liquidity from the largest global banks. The trading platform contains a wide selection of professional risk management tools such as profit/loss charts, confidence intervals, and implied volatility curves. It also allows traders to visualise current and historical volatility and set up custom watch lists.

Users can set entry and closing limits directly on the chart (one-click trading) and use interactive sliders to set entry limits, stops, Take Profit, and Stop Loss orders. That said, AVAtrade is an interesting choice for advanced forex and CFD options traders looking for variety of trading tools and features.

AvaOptions doesn’t charge its users fixed prices for options trading but utilizes a fixed spread-based pricing model instead with spreads starting from 0,9 pips. Professional AvaOptions account holders can receive up to 33% discount on these spreads. Apart from spreads, AvaOptions charges inactivity fees of $50 per quarter after 3 months of inactivity and an annual administration fee of $100.

AvaOptions offers beginner traders a $10,000 demo paper trading account and Muslim traders can open an Islamic swap-free account that charges fixed fees on options instead of swaps and spreads.

With access to options on stocks, indices, interest rates, and futures across 20 exchanges world wide, Saxo Bank offers one of the best market coverages in the industry.

Saxo Bank’s users can trade options on stocks, indices, interest rates, and futures across 20 exchanges world wide. The Saxo Bank options trading platform contains advanced trading features such as:

Option Chain – provides users with real-time price quotes
Strategy Builder – enables users to place multi-legged orders and use their own options trading strategies
Roll Option – allows users to extend options
Integrated Risk Data – gives users access to technical data such as Greeks delta, gamma, theta, vega, and rho

Advanced traders can also make use of Saxo Bank’s APIs and connect third-party tools such as expert advisors and automated trading software.

With trading fees for stock and contract options starting at $1 per contract, they are a low cost options broker. By trading on higher volumes traders can move up tiers in the fee structure and pay even lower fees.

Saxo Bank provides market research tools and educational material in the form of guides, videos, podcasts, events, and webinars. The broker also provides asset management services and users can speak with in-house strategists to receive personalised trading and investing advice. Overall, Saxo Bank offers more research tools and educational material than other options trading platforms and brokers.

TastyWorks users have access to advanced option trading tools (watch lists, position details, multiple positions), complex order types, and dynamic chart drawing tools. This makes TastyWorks a popular platform among active option traders.

TastyWorks also provides great educational materials, research tools such as in-platform video feed, charting indicators, options screeners and a correlation matrix which shows greeks and implied volatility on stocks and indices.

Apart from offering commission-free stocks and ETFs, they charge an $1/contract fee capped at $10 per leg on options.

Although TastyWorks doesn’t offer a demo paper trading account, users can create a live trading account without any minimum balance requirements.