Best Trading Platforms in UAE For Beginners

With an easy-to-use trading platform, great educational materials and social/copy trading features, eToro is an interesting choice to be considered by beginners and casual traders.

Beginners can choose from over 5,000 financial instruments including:

• 2800 Shares & 2800 Stocks as CFDs
• 264 Funds and ETFs
• 32 Cryptocurrencies
• 49 Forex pairs
• 54 Commodities & 250 Indices

Most of them are available as “real assets” and also as CFDs.Trading-wise eToro only offers a web and mobile platform (Web Trader and Mobile Trader). Both are smooth, easy to use, and of course extended with copy trading abilities – it’s the feature that allows beginners to follow professional traders and copy their exact trades. Trading features are simple and include one-click trading, price alerts, and excellent charting.

eToro supports beginners with great research tools such as Tip Ranks, The Bull Club, and eToro Plus, which provide insights from leading analysts and financial institutions, a broad range of technical indicators and dynamic charting features.

Users can choose between 4 different account types, which include a beginner (retail) account with a low minimum deposit ($50), 1:5 leverage on CFDs, and access to all tradable assets. Keep in mind that as a beginner you can also make use of the free demo account and the $100,000 virtual money to test your trading strategies before investing real money.

eToro also offers great customer support around the clock in Arabic and English.

Sarwa is a full-service broker based in Dubai, that allows users to trade and invest in 4,000+ different US stocks, ETFs, mutual funds, indices, and cryptocurrencies. 

With combining automated investing, self-directed trading, and financial advisory services from the same dashboard, Sarwa makes it easy for beginners to enter the market. Those can either let professionals trade on their behalf or trade on their own with support from a financial advisor.

With commission-free stock trading, 0,50% – 0,85% advisory fees on investment services, and 0,75% spreads on cryptocurrency transactions, Sarwa’s fees are low. Users are also allowed to make deposits in AED without paying any extra transaction or conversion fees.

Sarwa’s trading platform is intuitive and easy to use, featuring basic buy/sell options, watch lists and search features which is great for beginners. Those can also make use of five pre-made portfolios: Conventional, Halal, Socially Responsible, Conventional Crypto, or Socially Responsible Crypto without having to do any research.

The Sarwa customer service is available 24/7 in  English and Arabic by email, live chat, and phone. Users  can also visit one of Sarwa’s physical offices in the UAE and speak with their financial advisors directly.

Sarwa is regulated by two top-tier financial regulators from the UAE including the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority of Abu Dhabi (FSRA), which makes it a safe broker to trade with.

With access to 6,400 different CFDs, great educational resources, negative balance protection and a low minimum deposit ($20), Capital.com is among the top choices for beginners.

When it comes to trading, users can choose between a web platform (Web Trader) and 3 different mobile apps (Trading App, Investmate app and MT4). Both platforms are compatible with Tradingview and MT4 and provide everything you need to successfully trade the financial markets (real-time price quotes, dynamic charts, order book information, and basic risk management tools). The platform also allows access to social/ copy trading and a patented AI trade bias system that shows current sentiment on financial instruments.

The Capital.com platforms offer access to a wide range of markets including:

• 1,000 real stocks and 3600 stocks as CFDs
• 138 forex CFDs
• 29 crypto CFDs
• 33 commodity CFDs
• 130 Indices as CFDs

With commission frees stock trading, and spreads on CFDs ranging from 0,6 pips to 2,2 pips, Capital.com fees are just above industry aberage.

Capital.com customer service is available 24/7 in English, Arabic by email, live chat, phone, WhatsApp, Telegram, and Facebook Messenger.

AvaTrade is a DFSA-regulated forex and CFD broker that provides users access to over 1,250 CFDs and 44 forex pairs. Users can start trading with as low as $100 or practice with a free $100,000 funded demo trading account. The maximum leverage ratio at AvaTrade is 30:1 and they also offer negative balance protection through AVAprotect.

AvaTrade users have access to 8 different trading platforms and beginner friendly add-ons including DupliTrade and ZuluTrade. Those allow beginners to copy trades from advanced traders instead of investing on their own. They also feature beginner friendly buy/sell options and technical analysis tools such as indicators, drawing tools, and an economic calendar.

Beginners have access to an extensive selection of educational resources which include guides, Ebooks and video tutorials on CFD and forex trading.

With no commissions charged on CFDs and an average spread during peak trading hours of only 0,22, AvaTrade is one of the cheapest brokers to trade with. 

AvaTrade’s customer service is available 24/7 in English, Arabic via email, live chat, WhatsApp, and by phone. The UAE customer support number is 97-145-285-110.

With access to over 17,000 stocks and ETFs across 25 different global markets, IG is one of the largest stock and ETF brokers in the industry. They also offer access to CFDs, options, forex, indices, crypto, and commodities. 

IG users can choose between multiple trading platforms available for both beginner and advanced traders:

All of the platforms  have a beginner friendly interface and are compatible with MetaTrader 4 and other external trading platforms and Expert Advisors through APIs. Users can easily place orders and manage their risk using stop-loss and take-profit orders. It is also possible to set up price alerts so you get notified whenever an asset reaches a certain price.

You can open an IG live trading account from $250 or practice with the freely available $20,000-funded demo account first. The broker accepts bank wire transfers, credit/debit card, and e-wallet deposits and doesn’t charge any transaction fees.

IG provides all of its users with a wide range of educational material such as daily market update videos, trading tutorial guides, and technical and fundamental analysis case studies. Personalized support and broker-assisted trades are available to premium users.

IG’s share dealing services are commission-free.

The English and Arabic-speaking IG customer service is available from 8:00 am to 6:00 pm, Monday to Friday in Dubai time by email (sales.ae@ig.com), live chat, and phone (+971-455-921-08).