Trading in the Middle East has grown in popularity in recent years, mainly due to the stable market of the UAE and investors’ search for ways to enter it. If you’re unfamiliar with terms like trading or broker apps, it is typically software used to trade securities. It allows traders the opportunity to buy, sell, and manage stocks.
These online trading platforms offer a range of options, including real-time quotes, interactive charts, and live news feeds, to facilitate investors’ decision-making. Moreover, the trading platforms in UAE will provide beginners with the best feasibility and the opportunity to trade different investments more aptly and efficiently. Much like these trading apps provide user-friendly and effective trading experience, partnering with a mobile app development company in Dubai provides innovative solutions to help you drive your fintech business to success.
According to Statista resources, the revenue growth of online trading platforms is expected to reach $617.8 million by the end of 2024. Moreover, the user penetration rate is projected to be 0.22% in 2024 and will increase to 0.27% by 2028.
Searching for the best trading app? In this blog, we will be sharing with you the top 10 trading platforms to help you receive reliable trading services. Moreover, you’ll be enlightened with in-depth insights, features, benefits, and pricing to make informed trading decisions.
Table Of Contents
Check Out the Top 10 Trading Platforms in UAE
Are you an expat residing in the UAE or a legal citizen? These trading platforms are the best place to invest in stocks and shares online. Without further ado, let’s dive into these best online trading platforms in UAE:
1. eToro
Google Play Rating: 3.9/5
Apple Store Rating: 4.3/5
Trustpilot Rating: 4.2/5
eToro is the best trading app Dubai, known for its commission-free investment and innovative social trading capabilities. This platform allows users to invest in various assets, including ETFs, commodities, stocks, indices, currencies, and cryptocurrencies.
Moreover, eToro offers various coins, such as Bitcoin, Ethereum, XRP, Cardano, Solana, Dogecoin, Polkadot, Polygon, TRON, and more. If you need a loan to get started in online trading, you can use any reputable instant loan app in Dubai, UAE.
Minimum Deposit
The initial amount must be deposited to initiate the trading process. Currently, it stands around $50, which is approximately 196 dirhams. However, for those who are going for bank transfers, a higher minimum deposit of up to $500 is preferable.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Stocks
$0
Cryptocurrencies
1%
Forex
1 pip (EUR/USD)
CFD
0.5 to 1 pip/trade
Inactivity Fees
$10/Month
Conversion Fees
0.0050 pips
Withdrawal Fees
$5
Management and Social Copy Trading
None
Features
eToro is an established and reliable leader in the finance industry, offering various tools and strategies. Here are some of the features mentioned below:
CopyTrading
This feature allows users to copy the trades of the investors selected easily. It also displays each user’s performance, including risk score, fail/success ratio, etc.
Social Trading Platform
It has over 30M+ communities across 100 countries where users can connect to talented and experienced investors. Moreover, its news feed feature enables traders and investors to interact and share ideas and insights.
Two-Factor Authentication (2FA)
Security is the primary factor, and the app’s SSL encryption and two-factor authentication (2FA) protect users’ data and funds. Moreover, the information is regulated by top authorities and ensures compliance with strict financial policies.
Ready-Made Smart Portfolios
This smart portfolio feature provides a range of assets and traders under a predetermined theme. It focuses on innovative markets like 5G, cloud, and more.
Advanced Charting Tools
The app includes advanced charting and market analysis features that help users perform in-depth research and make informed financial decisions.
Pros and Cons
Pros
Cons
User-friendly interface and social trading features
Trading212 is an ideal platform for beginner investors. It is the best trading platform in UAE, offering a solid stock and ETF selection that can be traded commission-free. Traded212 is warranted by professional licensing, competitive fees, and more than 7,000 tradable instruments.
Moreover, the app provides a space for traders to buy and sell assets, such as stocks, CFDs, forex, cryptocurrency, gold, bonds, and ETFs. While we’re talking about buying and selling, if you’re looking for budget-friendly shopping platforms, you can check out the highly popular top shopping apps in Dubai, UAE.
Minimum Deposit
The user is required to have a minimum deposit of up to $1. This means the trader is required to add $1 to begin trading online.
Trading and Non-Trading Fees
There are no commission charges implied by buying, selling, or holding ETFs and shares. However, you may need to pay external fees or taxes if required.
Trading and Non-Trading Fees
Details
Inactivity Fees
$0
Custody Fee
$0
Conversion Fee
0.50% for CFD and Forex Currency
0.15% mark-up for real stocks and ETFs
Account Fee
$0
Withdrawal Fee
$0
Features
Trading 212 offers a wide range of features at a low fee. Let’s dive into the most popular features it entails:
Real-Time Market Data
This feature provides real-time data and the latest updates to help users make informed decisions related to trading.
Charting Tools
It allows users to customize their charts according to their preferences. Users can easily adjust the timeframe, chart styles, and other visual elements. The multiple indicator tool provides a comprehensive view of the market condition.
Technical Indicators
It is a critical component that provides a range of technical indicators, including Moving Averages (SMA, EMA), the Relative Strength Index (RSI), Bollinger Bands, MACD, and more.
Fundamental Analysis
This tool allows traders to evaluate intrinsic value by examining related economic, financial, and other social factors. Moreover, users can access earning reports and analyst forecasts to determine market performance.
AutoInvest and Pie
This feature automates the trader’s investment strategy by setting up recurring deposits into their accounts. It helps maintain a consistent investment and benefits users from dollar-cost averaging.
RoboForex is a highly reputable trading app UAE that is part of the RoboForex Group. It is ideal for traders looking for an all-inclusive, user-focused trading experience. As far as the security regulations are concerned, RoboForex operates under the compliance of the Financial Services Commission (FSC) Belize, covering financial standards and operational ethics.
The tradeable assets include forex, indices, shares, commodities, cryptocurrencies, bonds, ETFs, options, industry sectors, and interest rates.
Minimum Deposit
RoboForex requires a $10 minimum deposit amount to get started on the trading.
Trading and Non-Trading Fees
Trading fees are divided into four live CFD accounts, which are as follows:
Trading Account
Min. Deposit
Min. Spread
Commission
Trading Cost
ECN-Pro
$10
0.10
$4/lot
$5
Prime
$10
0.10
$2/lot
$3
Pro-Cent
$10
1.30
Spread Only
$13
Pro-Standard
$10
1.30
Spread Only
$13
Non-Trading Fees
Details
Inactivity Fee
$0
Withdrawal Fee of Credit/Debit Card
2%
Withdrawal Fee of Local Bank Transfer
4%
Electronic Pay Withdrawal
0.5% – 2.5%
Features
Roboforex provides a comprehensive suite of features that cover all your needs. Here are some of the commonly known features below:
Automated Trading
This feature helps traders use automated tools like Expert Advisors (EAs) to create, backtest, and implement trading strategies without manual intervention.
Multiple Platforms
Roboforex offers access to various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, R Trader, and Mobile Trading.
Risk Management Tools
Risk management is essential in trading, and this feature equips traders to manage and mitigate risks using stop-loss and take-profit strategies, negative balance protection, and volatility protection tools.
Demo Accounts
Looking to practice and test trading tools and strategies? Roboforex’s demo account provides a risk-free environment where users can implement realistic trading strategies without risking real money.
Copy Trading
This feature is ideal for beginners who are looking for a more hands-off approach in terms of copying trades. It provides access to diverse professional traders with verified track records.
Partner with us today to build an intuitive app for traders.
4. IG
Google Play Rating: 4.1/5
Apple Store Rating: 4.6/5
Trustpilot Rating: 4.1/5
IG Trading is the best trading app in UAE for market professionals and small traders who want to try their luck in investing. This platform currently serves more than 300,000 clients across five continents.
The assets include bonds, cash, commodities, property, stocks, and shares. In 2023, IG won the Best Finance App Title by the ADVFN International Financial Award.
Minimum Deposit
If you’re looking to trade on IG market platforms, you need to open an account with the broker to make a deposit. Generally, it required a minimum amount of $1. If the user chooses to deposit the bank card, the minimum amount is $50.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Spreads
0.1 pips – 0.8 pips
Commission Fee
0.08% – 0.25%
Swap Rates Admin Fee
0.80%
Withdrawal Fee
$0
Inactivity Fee
$12
Currency Conversion Fee
0.50%
Features
IG offers extensive trading tools and strategies to deliver a great trading experience. Here are some of the widely known features below:
Dealing Ticket
This central feature provides a streamlined interface for executing trades. Traders can easily buy and sell financial instruments using key elements like order types, trade size and margin, real-time pricing, and risk management tools.
Charts
It offers an advanced charting tool to help users perform technical analysis using indicators like moving averages, MACD, RSI, and Bollinger Bands. Moreover, traders can view charts in different time frames, from minutes to years.
News and Analysis
This feature keeps traders informed of the latest market trends and news, as provided by expert analysis. It also features a calendar of upcoming economic events and displays sentiment data showing the number of traders buying and selling assets.
IG Live
IG Live provides live-streaming content to keep traders engaged and informed. Key areas include live market updates, expert commentary, interactive webinars, and Q&A sessions.
Alerts and Signals
This feature lets traders stay updated on the market’s current conditions and opportunities. Users can access price alerts, economic event alerts, trading signals, and push notification features.
Pros and Cons
Pros
Cons
Regulated activities and participation in compensation funds
AvaTrade is the best trading app in UAE known for its extensive selection of offerings for Forex and CFD traders. The company offers trading in various markets, such as currencies, commodities, indices, stocks, exchange-traded funds, and cryptocurrencies.
As far as the operations are concerned, AvaTrade provides trading solutions primarily through the MetaTrader 4 (MT4), AvaTradeGO, and AvaOption platforms. Moreover, the users can access automated trading platforms through ZuluTrade and the MQL5 Signals service.
Minimum Deposit
AvaTrade is an ideal platform for beginners wanting to enter the trading world. However, the minimum deposit of $100 might be a barrier for those on a budget.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Spreads
0.9 pips – 1.8 pips
Commission Fee
$0
Swap Rates
Depends on the asset and direction of the trade
Inactivity Fee
$50 (3 months no activity)
Withdrawal Fee
$0
Account Fee
$0
Currency Conversion Fee
May charge for trading assets in a different currency from your account
Features
AvaTrade plays an integral role in medium-to-long-term trading strategies using its extensive range of features mentioned below:
Social Trading
This feature helps traders learn from and copy the trades of experienced investors. It partners with DupliTrade and ZuluTrade platforms, which enable users to replicate trades and access a wide range of signal providers.
Asian Indicators
This tool allows traders to track the performance of Asian markets, including Nikki 225 (Tokyo Stock Exchange), China A50 (Shanghai and Shenzhen Stock Exchange), Hang Seng Index, and other economic calendars.
Pending Orders
AvaTrade assists in various pending order types, allowing traders to execute their trading strategies. These order types include limit orders, stop orders, trailing stop orders, and GTC orders.
Availability of Micro Lots
This feature offers micro lots that work best for smaller portions and better risk management. This allows traders to initiate trading with a low amount of capital.
EA Functionality
It allows traders to integrate trading strategies without any manual intervention. This supports both MT4 and MT5 platforms, and traders can develop or use pre-built EAs to automate their trading strategies.
Asian Indicators
This tool allows traders to track the performance of Asian markets, including Nikki 225 (Tokyo Stock Exchange), China A50 (Shanghai and Shenzhen Stock Exchange), Hang Seng Index, and other economic calendars.
Pending Orders
AvaTrade assists in various pending order types, allowing traders to execute their trading strategies. These order types include limit orders, stop orders, trailing stop orders, and GTC orders.
Availability of Micro Lots
This feature offers micro lots that work best for smaller portions and better risk management. This allows traders to initiate trading with a low amount of capital.
EA Functionality
It allows traders to integrate trading strategies without any manual intervention. This supports both MT4 and MT5 platforms, and traders can develop or use pre-built EAs to automate their trading strategies.
Plus500 is a globally recognized best trading app UAE that offers trading services such as CFDs, share dealing, futures trading, and options on futures. It is available on its flagship WebTrader platform and on Android and iOS mobile app platforms. If you’re specifically planning to develop an app like Plus500 for iPhone users, hire a professional iOS app development company for innovative solutions.
Plus500 has a large client base, with over 26 million registered users across 50+ countries. In addition, traders can access popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, which facilitates portfolio diversification. Those interested in Commodities can access precious metals, energy resources, and agricultural products, allowing traders to align their position with global supply and demand dynamics.
Minimum Deposit
The minimum deposit fee for Plus500 is $100 when paid with debit/credit cards and electronic wallets.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Spreads
0.6 pips
Commission Fee
$0
Overnight funding
Varies by instrument
Inactivity Fee
$10 (3 months no activity)
Withdrawal Fee
$0
Premium Fees
Applied when positions are held overnight, higher over weekends
Currency Conversion Fee
May charge for trading assets in a different currency from your account
Features
Plus500 offers an intuitive and easy-to-navigate user interface for both web and mobile app platforms. If you’re searching for Android app development cost and iOS app development cost, you can find out the detailed pricing plan based on different factors.
For more info, here are some of the widely known features which are as follows:
Push Notifications and Alerts
This feature provides push notifications and alerts to traders based on current market events, price changes, and fluctuations in in-house trader sentiment indicators.
Insight Tools
Insight tools are an exploration-driven feature that helps traders discover predefined measurements, such as most bought, most sold (shorted), most profit-making positions, and more.
+Me Comparison Tools
This tool helps traders compare their trading insights and behaviors with those of other Plus500 traders. It helps them gain accurate insights into trading decisions, risk management strategies, and trading frequency.
Security and Regulation
Plus500 offers secure trading options regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus), and other major regulatory bodies.
Educational Resources
This feature offers a variety of educational resources to help all types of traders enhance their understanding of the financial markets and trading skills. You can easily access trading guides, economic calendars, webinars, and tutorials. For more fintech updates, you can also check out free offline music apps to access trade-related podcasts.
Pros and Cons
Pros
Cons
Access to more than 2,800 CFDs
Lack of expert customer support
Easy-to-use platform
Doesn’t accept U.S clients for CFD trading
Robust risk management tools and strategies
Unable to pair with other trading tools or platforms
Pepperstone is the best app for trading in UAE and has been providing trading services globally since 2010. The company has earned a reputable and reliable statement and several industry awards, including the “Best Forex ECN Broker” and “Best Forex Trading Support” awards from the UK Forex Awards.
In regards to assets, Pepperstone offers currency pairs and other CFDs, including shares, indices, ETFs, commodities, and currency indices. However, cryptocurrency CFDs are available only to professional traders. If you’re an expert trader wanting to share your expertise online, you can find many apps like CapCut to edit tutorials and videos.
At Pepperstone, the minimum requirement for a minimum deposit is $10. You can easily deposit as little money as you wish.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Spreads
Minimum 0.1 pips on majors
Commission Fee
$6 – $7 per round
Swap Rates
Asset-dependent and listed in the platform
Withdrawal Fee
$0
Inactivity Fee
$0
Account Fee
$0
Overnight/Rollover Fees
Varies based on the instrument traded
Features
Pepperstone provides a range of trading features that cater to all your needs and preferences. Here are some of the commonly known key features below:
Advanced Trading Platforms
Users can access various trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms’ intuitive interfaces and advanced charting tools are ideal for automated trading.
Range of Tradable Instruments
Pepperstone offers a wide range of financial markets, such as forex (over 60 currency pairs), commodities (gold, silver, and oil), indices (S&P 500, NASDAQ, and FTSE 100), cryptocurrencies, and shares.
Risk Management Tools
This feature equips traders with risk management tools, including stop loss and take profit orders, guaranteed stop loss orders, and negative balance protection,
Multilingual Support
It provides comprehensive multilingual support that covers a diverse global client base. This feature ensures that traders can access assistance in their native language.
Interactive Brokers is the best online trading platform in UAE that offers competitive fees and diverse account options. It brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds and some cryptocurrencies.
Recently, Interactive Brokers has received the Best Online Broker Awards 2024 from Nerdwallet. Moreover, it has also won Best Broker Awards 2024 from Investopedia and BrokerChooser, respectively.
Do you want to create an app like Interactive Brokers in a Hybrid app framework? If you’re searching for “how much does Hybrid app development cost,” you can access a detailed cost outline in our recent blog.
Minimum Deposit
Interactive Brokers doesn’t require a minimum deposit fee, which makes it ideal for beginners to invest in trading.
Interactive Brokers entails advanced features and tools that deliver the best trading experience. Here are some of the features below:
Security Regulation
Interactive Brokers works with several financial authorities, including the SEC, FINRA, CFTC, FCA, and SFC. The company ensures compliance with the highest standards of financial transparency.
Discover Tool
This efficient tool helps investors explore new investment opportunities and make informed decisions based on the data analysis. It provides detailed security profiles, including historical performance, financial ratios, and analyst ratings.
Portfolio Analyst
It is an integrated tool that helps traders track, analyze, and optimize tier investment portfolios. Moreover, users can receive real-time data updates, ensuring they have the most current information.
Securities Lending Dashboard
This feature helps investors earn additional income by lending their securities to other traders and institutions. The dashboard provides various lending activities, such as viewing loaned securities, outstanding balances, and interest earned.
Trader Workstation
Interactive Brokers offers various trading tools, such as advanced charting, technical analysis, and customizable trading platforms
Sarwa is a UAE-based trading platform that allows users to buy, sell, and track stocks and ETFs. It provides unlimited $0 commission trades on over 4,000 publicly traded stocks and ETFs on major U.S. exchanges.
In addition, Sarwa is a great place for new investors who want to start their trading journey and for existing clients looking to consolidate their investments. Also, if you’re an entrepreneur wanting to invest in traveling apps like Airbnb, you can check out our recent blog to find out the cost and other factors to consider.
Minimum Deposit
Sarwa doesn’t require minimum deposit fees. However, you can also start your trading journey with only $1.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Stocks and ETFs
0.5% per share
Account Maintenance
$0
Withdrawal Fee
$0
Currency Conversion
Market rate with no additional spread or fees
Account Inactivity
$0
Transfer Fees
$0
Features
Since its launch, Sarwa has been actively revolutionizing financial landscapes in the UAE. Here are some of the widely known features:
Zero-Value Local Transfers
It allows users to transfer funds locally within the UAE at no cost. This feature ensures that traders can move their money in and out of the platform without incurring additional charges.
Fractional Shares
This feature allows fractional share trading, where users can buy portions of a stock rather than purchasing a whole share. It makes the high-priced stocks more accessible to all investors.
Advanced Security Measures
It employs robust security measures to protect user data. These features include end-to-end encryption, Secure Socket Layer (SSL), and regular security audits to adjust sensitive information.
Integration with Banks
This feature integrates with major banks in the UAE, so users can easily and quickly transfer funds without any hassles. Users can link their bank accounts directly to Sarwa, making the transfer secure and efficient.
Automated Investment Management
This automated investment management feature uses advanced algorithms to manage and rebalance portfolios based on the user’s risk tolerance and financial goals.
Pros and Cons
Pros
Cons
Access to various portfolios
No flexibility in selecting an ETF
Automatically changed risk level
Portfolio changing is not automated
International investors can open an account with Sarwa
Crypto portfolios have 5% of indirect exposure to Bitcoin
Equiti is a popular trading platform in the UAE that offers individual, corporate, and institutional brokerage services across multiple affiliates and subsidiaries. The traders have strong access to the market and can trade in 62 currency pairs, 6 precious metals, 37 CFD instruments, and over 150 shares in top markets.
Moreover, Equiti has won many awards, including the “Best MENA Online Broker” at the FOREX Expo Dubai 2020 and the “Best FOREX Execution Broker” at the 2019 Jordan FOREX Expo.
Minimum Deposit
It depends on the type of the account. For setting up a Standard account, it requires up to $500. However, for a Premier account, it requires up to $1,000.
Trading and Non-Trading Fees
Trading and Non-Trading Fees
Details
Forex
0.0 pips on the executive account with a commission of $7 per lot. Other account offers 1.0 pip
Stocks
$0.02 per share
Commodities and Indices
0.4 pips
Cryptocurrencies
0.5%
Futures
Spreads and commissions vary by contract
Account Maintenance
$0
Withdrawal Fees
$0 for bank wire over $100
Currency Conversion
0.5% – 1.0%
Account Inactivity
$50 per quarter after 90 days
Transfer Fees
$0 for internal transfers but may apply for external transfers
Features
Equiti is an excellent platform for accessing a wide range of tools and research resources. Here are some of its popular features mentioned below:
Flexible Account Types
There are multiple account types available, including Standard, Premium, and VIP accounts. Moreover, there are also Sharia-compliant trading accounts available for Muslim traders.
Automated Trading
This feature provides access to automated trading tools where users can automate their trading strategies and execute trades automatically based on predefined parameters.
Advanced Charting
It offers advanced charting tools to accurately analyze market trends, patterns, and movements. Users can access technical indicators, drawing tools, and chart types to make informed decisions.
VPS Hosting
Equiti provides VPS (Virtual Private Server) hosting services to traders, allowing users to run automated trading without any interruptions.
Excellent Customer Support
This platform provides excellent customer support, and the team is available 24/7 to help users with any queries or technical glitches they may encounter. There are many options to reach out to, including live chat, email and phone.
Pros and Cons
Pros
Cons
Entails tight spreads on selected accounts
Doesn’t offer cryptocurrency trading
Reputable MT4 trading platform
Limited platform choice
Commission-free trading on selected accounts
Complete list of all deposits and withdrawal options not available
Reach out to an expert trading app development company.
How to Get Started on Online Trading in UAE?
Are you ready to initiate your journey towards online trading? If you’re struggling with getting your hands on online trading for the first time, most traders are best served by keeping things simple.
The planning of online trading comes in three steps:
Choosing an Online Broker
Before beginning your online trade, you must select a trading platform in the UAE. Your online broker executes the trades and stores your money in an account. When reaching out for a broker, keep in mind the following things:
Low commissions and fees
Reliability to trade when you want with minimal system outages
Proper security of funds
Access to tools for research
Are you planning to create a trading app, too? If you’re navigating through how much does it cost to make an app, you can find detailed cost information in our blog.
Account Opening and Funding
When opening an account with an online broker, you need to discuss your investment and financial history to determine the sustainability of the account. Moreover, you also need to provide personal information, including address, phone number, and other details.
If you’re still navigating the complexities of online trading, one of the best advice is to open a risk-free demo account that simulates the live market environment. It gives access to over 2,000 markets, including CFDs on shares, ETFs, indices, commodities, cryptocurrencies, and forex.
Making Trades
After opening and funding the account, you can get started on trading. You have the flexibility to choose to place a market order or a limit order. If you’re wondering what these terms mean, market order executes at the current market price of an asset. However, the limit order executes at or exceeds your specified price.
Certain brokerages also provide additional options to prevent high losses when instrument prices are falling:
Stop Order
A type of market order that executes after the price falls through a point that you set.
Stop Limit Order
Stop limit executes at a price you set other than the market price. In the case of moving market fluctuations, the broker may be unable to execute your order at the set price.
Trailing Stop Order
It executes when a price falls to a specific level you set. However, unlike stop order, the selling price is not fixed.
You need to select whether to keep your order active until the end of the day, until a specific date or until you want to cancel it.
Partner with Trango Tech for the Best Trading App
As online trading is becoming a popular method of growing capital in the UAE, people need to look into the available brokers, trading platforms, and their features before signing up with one.
Are you looking for the best trading platform for beginners in UAE? You can check out the top 10 highly popular trading platforms in UAE that are reliable and high-security compliant. Moreover, if these trading platforms have piqued your interest in building an intuitive online trading app in UAE, partner with the top mobile app development company, to grow your chances of success in the dynamic Middle East market.
Frequently Asked Questions
Why is online trading popular?
Online trading is gaining popularity due to accessibility, affordability, control, and the wealth of available resources. Do you need tips for the best online trading in UAE? Then, check out the following guidelines as follows:
Always start with a small amount of capital to avoid huge losses
Invest your time in understanding the type of market you want to trade in, as well as the instruments you’re using
Create a clear strategy and stick to the plans you’ve outlined for trading
Stay updated with the latest news and events that can drive the trading market
Protect your investments by applying stop-loss orders that limit the potential losses
Grow your investments across different assets to eliminate risk
Practice online trading using demo accounts and test strategies without risking real money
How much does it cost to develop an App in Dubai?
A trading app usually costs between AED 15,000 to AED 100,000. If you’re wondering how much does it cost to develop an app in Dubai, it may vary depending on the app’s functionality, size, and features. Moreover, hiring a leading app development company in the UAE may also affect the cost.If you’re wondering about the cost to make an app in Saudi Arabia, our blog provides you complete information based on the recent estimates.
For a rough estimate, let’s move further to find the cost based on the app scope and types:
Looking into the time it takes to build the best online trading app in UAE, it usually takes around 850 hours to build. Or, given a more specific timeframe, it takes between 400 and1333 hours. If you’re in search of a more exact timeline based on the types of apps on a monthly basis, here are the given details below:
Trading App Type
Timeline (Months)
Simple App
3-6 Months
Moderately Complex App
6-9 Months
Highly Complex App
9+ Months
If you’re wondering how long does it take to create video calling apps in UAE, you need to look into factors like app’s complexity and integrated features.
How much money is required to invest as a beginner?
As suggested by professionals, having a minimum deposit of up to AED 10,000 or more is recommended if you’re a beginner ready to start small. Before investing in trading, take a close look at your monthly income and how much you have left over after covering non-negotiable expenses. Moreover, you must look into the money you owe and the corresponding interest rates. Determine the amount you can easily afford to invest while making at least the minimum payments on your debts.
Which one is better: eToro vs Plus500?
eToro and Plus500 are known as the top trading platforms in UAE. When discussing Plus500, we see that this trading platform is very innovative in terms of intuitive design. However, the broker only offers CFDs and some real stocks, research tools are limited, and CFD fees are average. Plus500 takes scalping seriously, and if you plan to implement trades within 2 minutes, it’s not the right place.
When discussing eToro, we see that it provides a broader product portfolio even though it lacks popular asset classes such as bonds, funds, and options. Moreover, eToro offers commission-free stocks and ETF trades with lower CFD and non-trading fees. In short, investing services are better in eToro – fees are lower, and the stock selection and the ETFs availability are more appealing to users looking for an investment platform. So, if you’re wondering which platform is right for you, it depends on your requirements, trading preferences, and the features that are most important to you.
Rida is a seasoned content writer with over four years of writing background in app development company. She holds a degree in Business Administration and has a keen knowledge in writing technical blogs, conversion-driven web pages, and online guides. Beyond her skills as a writer, Rida is also an artist, often found painting landscapes and expressing her creativity through poetry.