Best Online Brokers in UAE

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The rapidly developing economy of the United Arab Emirates has led to a growing population of tech-savvy people and digital nomads constantly looking to improve their investment portfolios. Luckily, the market in the UAE for online brokerages has also been on the rise, as many global and domestic companies offer investors the opportunity to trade a wide selection of digital assets. Picking the right broker for your trading goals and needs may sometimes be tricky. That is why we have created a list of the best online brokers in the UAE for 2023, which are excellent options for novice and expert traders.

Introduction to Online Brokers in the UAE

Online brokers in the UAE are financial institutions that offer trading platforms and services to investors looking to access the global market and trade assets like stocks, cryptocurrencies, ETFs, and more. Global online brokerages also provide exclusive services on the UAE market; thus, many traders can utilize practical tools and learning materials to execute skilled trades. The Securities and Commodities Authority (SCA), which controls the securities industry in the country, regulates brokers in the UAE. Based on positive client reviews and our breakdown, the best online brokers in the UAE include IBKR, Capital.com, AvaTrade, and Sarwa, all of which we will review in our comprehensive guide.

Advantages of Using a Regulated Online Broker in the UAE

Using the services of the best regulated online brokers in the UAE comes with perks that will advance your skills and boost your productivity. Firstly, every broker gives their traders access to a trading platform through which they can place orders. Most importantly, these platforms are packed with built-in trading tools that take ordinary trading to the next level. Secondly, UAE brokers focus on providing their clients with high-quality educational resources. With such materials, you can make better investment decisions and drastically improve your trading skills.

Overview of the Best 5 Online Brokers in UAE – Our Top Picks for 2023 

To make an informed decision and pick the best broker in the UAE for your daily trading activities, you can read through our list of trusted companies, which we have all closely analyzed. The online platforms below have all the key features needed to make your trading experience the best possible.

Interactive Brokers – The Best Overall Online Broker for Investors in the UAE

With IBKR, you can invest in a world of opportunities by having the option to invest in stocks, options, futures, currencies, bonds, and funds in 150 markets, 33 countries, and 26 currencies. Moreover, this online broker is dedicated to the best price execution and straightforward pricing, which will help you experience the lowest costs in the industry.

Interactive Brokers has a global reputation for providing high-quality trading tools and affordable services, winning numerous awards, including Barron’s best online broker award for 2022. The educational center of IBKR is also recognized as one of the best places to learn new trading skills, gain valuable insights, and make better trading decisions.

Account Types	Individual Account, Joint Account, Trust Account, IRA Account, UGMA/UTMA Account, Friends and Family Advisor Account, Proprietary Trading Group Account, Institutional Account, Broker Master Account
Supported Assets	Stocks, Options, Futures, ETFs, Mutual Funds, Bonds, Currencies, Metals, Cryptocurrencies
Tools	Trader Workstation (TWS), WebTrader, IBKR Mobile, IBKR APIs, PortfolioAnalyst, Fundamentals Explorer
Fees & Charges	$100 Minimum Deposit, $50 Inactivity Fee, $100 Administration Fee
Mobile Trading	Supported
Overall Rating	4.8★

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Capital.com – The Best Online Broker in the UAE with a User-Friendly Mobile Trading App

Through Capital.com, traders can access outstanding products for CFD trading, account types, fees and charges, educational resources, and diverse trading platforms. The company has developed the most comprehensive selection of tools for avant-garde trading, including platforms like Web Trader, TradingView, MetaTrader4, API Documentation, and even a free demo account. Capital.com’s educational resources are available both on mobile and the web. They cover a wide variety of topics that will help traders in the UAE get all the information needed to become highly efficient traders.

Account Types	Standard Account, Professional Account, Islamic Account, Corporate Account
Supported Assets	Forex, Stocks, Cryptocurrencies, Commodities, Indices
Tools	Trading Platform, Economic Calendar, Trading Central, Trading Central, Price Alerts, Negative Balance Protection, Risk Management Tools
Fees & Charges	$20 Minimum Deposit, No Inactivity Fee, No Administration Fee
Mobile Trading	Supported
Overall Rating	4.3★

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AvaTrade- The Best Online Broker in the UAE for Advanced and High Volume Traders

This online broker seeks to inspire traders to invest with confidence by offering refined platforms and instruments like WebTrader, AvaTradeGo, AvaOptions, AvaSocial, and even MetaTrader4 and MetaTrader5. The software behind these instruments is highly customizable and user-friendly and provides access to technical analysis instruments, graphs, diagrams, indicators, and signals.

AvaTrade’s proprietary and commercial trading platforms are available across all device types, allowing manual and auto-trading on various order types. By placing market orders with this provider, investors are guaranteed a seamless trading experience, thanks to its exceptional trading conditions and highest security standards.

Account Types	Retail Account, Professional Account, Islamic Account, Corporate Account, MAM Account
Supported Assets	Forex, Stocks, Indices, Commodities, Cryptocurrencies
Tools	AvatradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, AvaOptions, DupliTrade, AvaProtect, Economic Calendar, Trading Central, Autochartist
Fees & Charges	$100 Minimum Deposit, $50 Inactivity Fee, No Administration Fee
Mobile Trading	Supported
Overall Rating	4.2★

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eToro – The Best Online Broker in UAE for Beginners

The online broker’s trading platform offers an extensive list of over 3000 financial instruments across various assets, including stocks, cryptocurrencies, commodities, currencies, indices, and ETFs. The numerous investment opportunities allow novice traders to build and diversify their portfolios, with the option to place partial orders to test the product before committing to a complete purchase.

With eToro’s innovative Copy Trader and Smart Portfolios trading tools, the investment process has never been so straightforward. These products allow traders to copy other investors’ portfolios from the Popular investor program in real-time or get ready-made investment strategies on thematic asset classes.

Account Types	Retail Account, Professional Account, Islamic Account, Corporate Account
Supported Assets	Stocks, Cryptocurrencies, ETFs, Commodities, Indices, Currencies
Tools	Social Trading, CopyPortfolios, Advanced Charting, Economic Calendar, News and Analysis, Risk Management
Fees & Charges	$10 Minimum Deposit, $10 Inactivity Fee, $5 Withdrawal Fee, $10 Account Closure Fee
Mobile Trading	Supported
Overall Rating	4.5★

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Sarwa – The Best Online Broker in the UAE/Dubai that Offers Full-Service Stock Trading

Sarwa composes diversified investment portfolios for clients by combining its in-house platform that creates automated investment advice and real human expertise. With Sarwa Trade, investors can buy stocks with no commissions, local transfer fees, or account minimums.

Sarwa’s refined trading features, including simple sign-ups, auto-depositing, reinvesting dividends, smart rebalancing, tax optimization, and human advisors, make this online broker a unique choice on the UAE market. Sarwa is among the safest options, as the Financial Service Regulatory Authority and Dubai Financial Services Authority regulate it. Furthermore, the company incorporates first-class safety measures, with SSL encryption and bank-level security.

Account Types	Personal Investment Account, Joint Investment Account, Corporate Investment Account, IRA Account
Supported Assets	ETFs, Individual Stocks, Mutual Funds, Real Estate Investment Trusts (REITs), Bonds
Tools	Portfolio Builder, Auto-Investing, Portfolio Rebalancing, Tax Optimization, Performance Tracking, Financial Planning
Fees & Charges	$5 Minimum Deposit, No Inactivity Fee, 0.5% – 0.85% Administration Fee
Mobile Trading	Supported
Overall Rating	4.7★

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Key Features to Consider When Choosing the Best Online Broker in UAE

Nowadays, the trading platforms market is overloaded with companies offering different services and features. This variety creates confusion among traders, making it harder for them to make an informed decision. That is why below we have presented vital characteristics you need to consider when choosing the right broker for you.

Account Types 

By being presented with more account types, you will have more flexibility and options to save money from taxes and other trading-related costs. Generally, different accounts have diverse fee structures, give access to promotions and discounts, and give special perks and features to traders.

Supported Assets and Investment Options 

With brokers offering a comprehensive selection of supported assets, more traders will join the markets and invest in the financial instruments they are passionate about. In the long run, this may lead to the possibility of an industry or sector exploding, and bringing value to investors.

Tools Offered

The more practical tools an online broker has to offer, the more control over your investments you will have, considering you have the skills and knowledge to utilize the instruments. Trading platforms give access to tutorials and guides, which are fantastic for helping you learn how to make the best out of trading software.

Trading Interface

Less complicated and more transparent services lead to more satisfied customers. An easily manageable interface improves customer satisfaction tremendously, as we can all agree that nothing is more annoying than having to deal with outdated and complicated applications or platforms.

Fees & Charges 

More affordable rates and charges can increase traders’ long-term earning potential in several ways. By offering reasonable expenses, online brokers lower transaction costs and offer investors more trading opportunities, leading to higher returns. It is important to note that investing in digital assets is a risky approach that may lead to the loss of all your capital, so always invest as much money as you can afford to lose.

Mobile Trading

Mobile apps give you access to trading insights, order placement opportunities, and engaging news and educational resources all in one place. These essential features will keep you constantly involved with current market conditions and make you a more knowledgeable trader.

Customer Support

Having the opportunity to contact a customer service representative will help you rade confidently, knowing you have someone to back you up anytime. Most companies have agents available 24/7 on all lines, including chat, email, and via phone, so you will always have someone to turn to if a problem emerges.

Comparison Between the Best Online Brokers in the UAE for 2023

Choosing the best online broker for your trading activities is vital to get the most out of your deals and not losing opportunities. That is why we recommend you go through the table below, which will help you weigh the trade-offs for each online broker in our review:

Online Brokers:	Pros:	Cons:
Interactive Brokers	Global Market Access Powerful Trading Platforms Globally Trusted Online Broker On-Demand Educational Resources	Complex Trading Platform Suitable Mainly for More Advanced Traders
Capital.com	Outstanding Learning Resources, Market Analysis and News Trusted Broker with Reputable Partners Negative Balance Protection Advanced Trading Tools	Limited Account Types Compared to Other Brokers Not Available Worldwide
eToro	Copy Trading and Smart Portfolios Trusted and Secure Online Broker Amazing eToro Community of Traders Beginner-Friendly Trading Platform	Customer Service Experience is not Great Not the Best for Advanced Traders
AvaTrade	Implementation of WebTrader, MetaTrader 4, and MetraTrader 5 Regulated Accross 9 Jurisdictions Complete Trading eBooks and Video Tutorials Large variety of CFD instruments	High Inactivity Fee No Social Trading Feature
Sarwa	Licensed by the Dubai International Financial Centre (DIFC) Backed by Leaders in the Financial Industry Automated Investment Strategy Support for Multiple Digital Assets	Lack of Customization Features Not the Best Broker for Trading ETFs

Conclusion

The online brokerage industry in the UAE is rapidly expanding, offering traders a diverse range of options to access global markets and trade various assets. By utilizing the services of regulated online brokers, traders can enjoy the benefits of advanced trading platforms and high-quality educational resources. Our complete guide has highlighted the best online brokers in the UAE for 2023, including IBKR, Capital.com, eToro, AvaTrade, and Sarwa. By considering the essential brokerage features that we have covered, such as supported assets and fees and charges, traders can make informed decisions and execute trades confidently.

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