Best Trading Platforms in UAE & Dubai Reviewed for the year 2023

Best Trading Platforms in UAE

This guide aids in locating the best trading software in Dubai and the United Arab Emirates. It provides a ranking of the top 5 platforms based on the following factors: equities (markets), costs (trading and non-trading), user-friendliness (web, desktop, mobile app), trading systems & platforms, trading applications, study & education, legislation, provision of Islamic accounts, and customer care.

The top applications and trading software in the UAE are listed for their suitability for forex & options. Additionally, its ease for newbies, CFDs, stocks, and ETFs aids consumers in making an educated choice.

The 5 Best Trading Software in Dubai:

  1. AvaTrade: The most Effective Forex and options trading software
  2. WebDesk ERP: The cloud-based ERP stock trading software for small, medium, and large enterprises
  3. EToro: The most suitable trading site for beginners in the UAE
  4. Pepperstone: The best CFD trade platform
  5. Interactive Brokers: The best software for trading stocks and ETFs

1.      AvaTrade: (best for Forex and option trading)

AvaTrade is an authorized dealer that holds DFSA and ADGM licenses. It gives access to a range of properties, such as CFDs on currency, and equities. Moreover, cryptocurrencies, products, and options are provided by their trading tool. It is accessible via a variety of platforms, including desktop, online, and smartphone applications.

  • Avatrade offers five selling platforms:
  • WebTrader is an online trading system.
  • Mobile trading application AvaTradeGo
  • Options framework AVAoptions
  • Social copy-selling software AVAsocial
  • Trading software for the Mac

Simple and straightforward design elements make up the user experience. Every element of the platform is accessible in Arabic. Stock and cryptocurrency CFD trading is accessible at no fee.

Withdrawals and deposits are free of charge. Funding for trading accounts is possible through e-wallets, credit cards, or bank direct transfers. (Neteller, Skrill, or WebMoney).

The Key Features of AvaTrade:

  • 55 currency pairs, 800+ CFDs, and 44 forex choices are available.
  • outstanding duplicate selling capabilities
  • advanced trading software for smartphones (AvaOptions)
  • charge schedule that is competitive (0.6 pips in EUR/USD)
  • complete use of the meta trader package (MT4 & MT5)

2.      WebDesk ERP Trading Software Dubai: (best for stock trading)

The WebDesk ERP is a customized software provider with user-interactive characteristics. It is Microsoft certified secured program that protects it from viruses and any harmful risks. WebDesk ERP is available on many cross-platforms like Desktop, Smartphones, and digital apps. From quotation to shipment, this software can handle all tasks on your behalf.

Moreover, this software is VAT enabled. Therefore, it can be the finest trading software in UAE for all your trading needs. It offers round-the-clock customer support. You can reach them via email, phone or chat.

Key Features of WebDesk ERP:

Ø  Buying cycle:
  • A purchase order
  • Purchase Estimate
  • Orders for Purchase
  • A bill of sale
  • Return for Buying
Ø  Marketing cycle:
  • Sales Prospects
  • Estimate for Sales
  • Pro forma Bill
  • Notice of Delivery
  • Sales Receipt
  • Return on Sales
Ø  Trade-specific reports
  • Stock Ledger Statement
  • Goods Received Notes
  • List of Products Report
  • adding a stock report
  • Report on Stock Transfer

3.      eToro: (best for beginners)

The best trading software in Dubai for beginners is eToro. In addition to stocks, ETFs, currency, indices, commodities, cryptocurrencies, and CFDs, it provides access to 5,000 other financial products. Consumers may trade using a variety of gadgets, including a web browser and a mobile app. For starters, both offer an intuitive user interface.

The following is a list of the trading tools offered by the eToro trading platform:

  • CopyTrader
  • Charts & Professional Charts
  • Order types: marketplace, limit, and advanced
  • monitor list
  • tools for risk management

There are four languages outside English, including Arabic, that support all trading tools and capabilities.

Technical and basic analysis, webinars, videos, and other educational resources are all accessible.

Key Features for eToro:

  • Trading stocks without commission
  • User-friendly interface
  • Services for trading cryptocurrencies
  • Process for quick registration and KYC onboarding
  • Support several methods of payment

4.      Pepperstone: (best as CFD software)

With approval from the DFSA, Pepperstone is a respected digital CFD broker. They provide access to several assets, including FX and CFDs on inventories, equities, goods, and cryptocurrencies.

Platforms are available on desktop computers running Windows and Mac OS, the web, and mobile apps (iOS and Android). Many third-party add-ons are available for users to integrate.

Access to the following trading tools is provided by the platform:

  • Price quotations in real time
  • trying an old strategy
  • higher levels of take profit/stop loss
  • MT4 and MT5 mobile trading applications
  • Competent counsel
  • Robo-advisorss

Pepperstone has Arabic and English 24/7 customer support. Email, online chat, and phone calls can be made to them.

Key features of Pepperstone:

  • More than 700 distinct CFDs and 60+ Forex pair
  • MetaTrader 4, MetaTrader 5, and cTrader.
  • Tools for expert traders
  • TradingView interface
  • No spreads

5.      Interactive Broker:

The electronic brokerage business Interactive Brokers was established in 1978. They offer the largest assortment of tradeable shares with 87,000 equities available as CFDs. They offer a large selection of trading systems on their site.  Including basic analysis tools, dynamic charting, a full-featured news widget, choice chains, and thorough order flow data. On desktop, online, and mobile devices, all platforms are accessible.

The Interactive Broker owns 4 platforms.

  1. The sophisticated desktop version for seasoned traders and institutional investors is called Trader Workstation TWS.
  2. The collaboration tool is available online and is appropriate for newcomers and casual traders.
  3. IBKR application is a mobile trading app for FX
  4. The inventories and cryptocurrency mobile app is called Impact.

This is a list of the third-party connections that are accessible on the TWS platform.

  • TradingView
  • TC 2000 and
  • Expert Counselors

Moreover, it includes cutting-edge research tools like Trade Central, Refinitiv, and the stock screener for IBKR Global Analyst. Because of this, it’s a fantastic solution for experienced traders seeking customization possibilities.

The Client Portal platform is more suitable for novices because of its user-friendly interface.

Key Features of Interactive Broker:

  • 3% for margin loans on stocks
  • 135+ worldwide marketplaces are accessible
  • More complex order types
  • Many trading instruments
  • availability of fractional shares
  • smallest industry commission rates