Plus500 Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews.
Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.
Plus500 has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.
You don't have to own the underlying asset to speculate on the price of a
stock or index or commodity or FX or ETF with Plus500. If you want to trade
CFDs, Plus500 is a great place to do it.
Plus500 is one of the most popular free trading platforms because of its numerous unique traits and features, including commission-free trading and narrow spreads.
Plus500 was launched in 2008 and is licenced by the Financial Conduct Authority of the United Kingdom. On the London Stock Exchange's AIM market in 2013, Plus500 Ltd became public. In 2018, it was included to FTSE 250, an index of the country's most prominent mid-cap firms.
Free CFD trading and no costs for starting and closing positions are just two examples of Plus500's many freebie offerings. The spread includes most of the trading expenses you'll face. As a CFD provider, the brokerage company is continually expanding and has a variety of more than 2,000 financial products to choose from.
By using Plus500, you don't need to hold any of the underlying assets to trade in a broad variety of tradable assets such as cryptos, shares, ETFs, FX, and more. Because you only need to deposit a part of the entire transaction value to begin a position in CFD trading, you have the ability to employ leverage to increase your buying power.
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Position size and the margin factor for the particular market you chose determine the deposit amount. Hence, a margin factor of 25% would need just a $250 deposit for a $1,000 transaction. However, your original $250 margin may be exceeded if any possible gains or losses are computed using the total $1,000 worth of the deal.
Traders have access to the Windows 10 Trader desktop platform, mobile trading applications, and the full-featured WebTrader at Plus500, which has more than 400,000 registered users.
CFDs are used only by this bargain broker, as we've previously indicated. By doing this, you are not really owning the underlying item, but rather, you are betting on its price going up or down.
Overall, contracts for difference trading offers more freedom than conventional investing since you may short any asset by selling contracts, which allows you to bet on price declines. Leverage may also be used to boost your buying power, increasing your potential earnings as well as your possible losses. Plus500, on the other hand, offers negative balance protection, ensuring that your account will never go negative.
Digital assets with leverage of up to 1:2 are available to Plus500 customers around the clock. The FCA's prohibition on cryptocurrency CFDs on January 6th, 2021, is a crucial point to keep in mind while discussing cryptocurrency CFDs.
On a speculative basis, trading in digital assets may be done using CFDs, which are contracts for difference. Since the investor does not own or trade the underlying cryptocurrency, this is a risky investment. Instead, contracts are bought and sold depending on changes in the value of the underlying asset.
In this broker's CFD trading, there are no commissions, therefore trading expenses are included into the spreads. With Plus500, you get access to the Crypto 10 Index, nine distinct cryptos, and the option to trade from one crypto to another or from one crypto to fiat.
You don't have to worry about keeping or storing the altcoins in hot wallets since CFD trading is based on speculation, not ownership. Order types including stop loss and trailing stops, as well as price alerts, let you keep tabs on your risk tolerance when trading in these volatile assets while still allowing you to trade in any direction.
Using the Plus500 trading platform, you can trade the BTC/USD crypto pair with a spread of 102.05 pips and leverage up to 1:2. After the first 50 percent margin, the Bitcoin to USD pair would maintain a 25 percent margin.
For as little as $100, you may start trading index CFDs and receive access to a position worth $2,000 in the most popular index CFDs, such as the USA 500, US-Tech 100 and the UK 100, ASX 200 and Germany 30.
There are a number of other CFDs available, including the UK 100 futures CFD, which is a capitalization-weighted index of London's 100 biggest companies. CFDs on the UK 100 futures contract have a 3% spread of 2 pips.
You may trade more than 60 forex pairs, including majors, minors, and exotics, with leverage of up to 1:30. This implies that you can start with as little as $100 and have the buying power of 30 times that initial amount.
When trading CFDs, Plus500 offers many risk management tools to help you keep a handle on your tolerance for loss. Trades may be protected with additional stop-loss and stop-limit orders. Profits and losses may be protected and minimised by using these order types, which provide traders the ability to choose the price at which their positions will close.
Stop Limit and Stop Loss orders do not ensure that your position will close at the exact level you specified. They are only a safety net. Your position will be closed as soon as possible if the market price suddenly increases or falls to an amount that exceeds the price threshold you have specified. Slippage is a frequent term for this kind of situation.
When the key currency pair EUR/USD is trading around $1.19492 to sell and 1.19490 for buying, it's a good idea to keep an eye on the market. While putting a stop loss order at $1.19400, a forex trader chooses to purchase 100 units at $1.19490 with a stop loss of $1.19400. After that, the EUR/USD currency pair declines to $1.19400 and then $1.19300 before recovering to $1.19200. As a result, the deal would expire worth $1.19400, resulting in a loss of $0.009 multiplied by 100 * (1.19400 – 1.19490).
If the price of EUR/USD fell immediately to $1.19300, rather than the stop loss level, the trade would close at that price. 100 * (1.19300 – 1,19490) = -$0.19 is the trader's loss in this case.
Every day, corporations, individuals, and banks transact more than $6.6 trillion worth of currency pairings on the world's biggest financial market through Plus500 traders. For example, you may trade the EUR/USD pair for as little as 0.00008 pips with no fee and leverage as high as 1:30.
When it comes to commodities trading, Plus500 has 22 different commodity CFDs to choose from that include agricultural items like wheat and sugar as well as energy products like natural gas and Brent oil as well as precious metals like wheat, silver, and gold. Leverage on these commodities CFDs may be as high as 1:10
There is no stamp duty tax, and Plus500 provides market-leading spreads and leverage of up to 1:5 on all major exchanges, including the US, UK, and Europe.
You can take advantage of rising or falling markets by establishing sell or buy positions using Plus500's powerful trading tools. The spread on Moderna stock CFDs, for example, is 1.66 pips.
It can be summarised this way: Trading options entails purchasing and selling contracts that give the buyer the right to purchase or sell the underlying assets at specified prices, provided that the assets' value increases by a specified amount of time.
So, let's assume you think that in a month, the price of gold would go up from $57 to $62. It is possible to buy a call option that offers you an opportunity to buy the market at $60 per gramme at any moment within the designated time period. The premium is the term used to describe the cost of the option.
Your right to acquire the gold market at a discount price will increase if the strike price of $60 for gold rises before the expiry date of the option. On the other hand, if the price does not rise over the strike price, there is no need to exercise your right to purchase and the options contract might expire. If this occurs, you'll lose the premium you paid to begin the options transaction.
Buying a call option gives you the right to acquire the underlying asset at the stated strike price within a certain period of time. While purchasing a put option, you are guaranteeing yourself the right to sell the underlying asset at the stated price prior to the option expiration period.
With a leverage of up to 1:5, you may trade over 600 different options CFDs with Plus500.
With a maximum leverage of 1:5, Plus500 provides access to 190 ETFs. Exchange-traded funds (ETFs) are passive investments that allow investors to acquire shares and other assets in a single transaction. You may question why traders would utilise CFD instruments to trade ETFs.
When trading ETF CFDs, you may use up to 1:5 leverage to increase your potential profits. As a result, you may start with $100 and end up with $500 in spending power. Other supported ETFs are Vanguard Mid-Cap Growth (VOT), IYR iShares US Real Estate, SCHH Schwab US REIT, ICF iShares Cohen and Steers REIT, R2000 iShares Real Estate, and ISO-Oil Fund.
Plus500 is a commission-free CFD trading platform that is available for free. Traders of all skill levels may benefit from this low-cost method of trading a wide range of financial assets. A large portion of trading costs are included in the spread, which is essentially the difference between bid and ask prices.
Popular US equities like Apple have an overnight financing cost of -0.04416 percent and a spread of only 1 pip.
All tradable assets may be acquired and sold commission-free at Plus500, making it one of the most appealing features of the platform. You don't have to pay a dime in commissions to access a wide range of markets, which is great for novice traders. This is ideal for day traders, who may take advantage of modest price movements in highly liquid markets by using leverage and short-term trading tactics.
Through your web browser, you may access the Plus500 proprietary trading platform, which has a simple and easy to use interface. Despite this, you will be unable to use it with the well regarded MetaTrader platform. Though the search bar at the platform's top offers quick access to many thousands of supported financial instruments, you can also narrow your search using useful criteria such as "risers" and "fallers" or "by sector."
An asset's trading window populates with valuable data when you click on it, such the mood of traders, which shows what proportion of sellers and buyers are currently active in the market, and real-time statistics, like the current sell rate.
With the press of a button, you may configure price alerts and push notifications to assist you prevent capital losses during abrupt market swings. This online broker supports email, SMS, and push alerts.
As soon as the asset values hit or change by an agreed-upon threshold, the alerts inform you. When traders' emotion hits a certain proportion, you may also set up an alert to notify you.
Under the trading area, Plus500 offers a helpful Trader's Guide for those new to online trading who wish to brush up on their skills. As a prelude to creating a live trading account, you may peruse a plethora of video tutorials.
Additionally, additional risk management options including as Stop Limit, Stop Loss, Guaranteed Stop, and Trailing Stop orders are available to help you control your risk tolerance.
Real-time price alerts, daily and hourly percentage change and traders' mood may all be sent to you by SMS, email and push notifications with Plus500. Free and compatible with all devices, the alert setting procedure is simple and easy to use. Simply click on the alert symbol in the main trading window to establish an alert. You may then choose a time for the alarm to go off, and then sit back and wait for a real-time notification to arrive.
For those who want to stay up to speed on the latest financial news and market movements, there is a section called "News and Markets."
The charts on the Plus500 platform are ideal for new traders since they provide a wide variety of important technical indicators and drawing tools, such as the RSI, Bollinger Bands, EMA, Aroon Oscillator, Anchored VWAP, Gopalakrishnan Range Index, and MACD. Plus500, on the other hand, does not provide trading ideas or fundamental data, which will be unsatisfactory to experienced traders. Each chart may also be saved and the style and resolution can be changed.
One of Plus500's two account kinds is the live retail account, which includes real money, and a virtual trading account with £40,000 of virtual equity.
As an additional option, if you're in the financial services industry and have a portfolio worth at least $500,000 and meet other criteria, you can sign up for a professional account.
Finding assets is a cinch with the Plus500 trading software on your mobile device. A user-friendly interface is illustrated in the picture below as soon as you launch the trading application. From any point in the app you may access your positions, trades, notifications and more by clicking on the major tabs.
On the popular instruments page, situated in the bottom left corner of your screen, you will see two unique sections, one for assets and one for charting features and tools, which are accessible by clicking on the respective tabs.
The mobile trading app for Plus500 has the same features and functionality as the online platform. The demo account may be accessed by choosing switch to demo mode from the More menu. You may also use your iOS or Android mobile device to deposit money into your account using a debit/credit card (Visa or Mastercard), PayPal, Apple Pay, Trustly, or a bank transfer.
Plus500's account funding process is simple since you may use bank transfer, e-wallets, credit cards, and debit cards to fund your account. Because e-wallets and credit/debit cards are instantaneous payment methods, you may begin trading immediately.
For debit/credit cards and electronic wallets, the minimum deposit is $100, while for bank transfers, it is $300. To the contrary, the minimum withdrawal through PayPal is $50, while the minimum withdrawal by bank transfer or credit/debit card is $100. Deposits and withdrawals are free and take around three business days on average.
You may get in touch with customer service at any time of day or night through live chat, WhatsApp, or email. There is no way to call customer support, however there is a FAQs website with a wealth of useful information and answers to the most often asked questions.
To trade CFDs, Plus500UK Ltd must be licenced and authorised by the Financial Conduct Authority (FCA). Additionally, Plus500 Ltd was listed on the London Stock Exchange's AIM market in 2013 and later entered the FTSE 250 index, which represents the largest mid-cap firms in the UK, in 2018.
Customers' monies are maintained in separate bank accounts, and Plus500 employs its own money to hedge its positions.
Financial Services Compensation Scheme (FSCS) coverage is also available to Plus500 customers (FSCS). Because of this, the Financial Services Compensation Scheme (FSCS) may be able to compensate customers if a business goes bankrupt. Plus500 traders are covered up to £85,00 under the investments claim section for UK-based customers.
Opening an account with Plus500 is a simple procedure that only takes a few minutes to finish. Then, if you'd want to learn how to get started, you may continue reading.
All licenced brokers need you to create a brokerage account before you can trade CFD derivatives with Plus500. Mobile trading apps may be downloaded from either the App Store or Google Play Store, depending on your mobile device, to access this service. It will then ask for your entire legal name, address, date of birth and phone number as well as your e-mail address to be entered.
A copy of your passport or driver's licence, as well as a recent utility bill or bank statement, is needed as verification of both your identification and location. The account verification procedure is normally completed within a few minutes..
Payments may be made via debit and credit cards as well as e-wallets (PayPal) and bank transfers, all of which have no deposit fees at Plus500.
Tap on the most popular CFDs or search for your favourite instrument on the trading site. Select Buy/Sell from the Trade page, and a position screen will appear. Selecting a trade size and placing order types for risk management may be done directly from the position screen.
eToro is the best online broker in 2022 if you are new to online trading and are looking for a hands-off approach to investing with low trading fees. eToro is a great place for new investors to learn how to trade stocks without paying any commissions, as well as follow the trades of more experienced investors.
Many markets, including equities, cryptocurrencies, commodities, ETFs, FX and more, are available for commission-free trading on eToro. Passive trading tools are available through copy trading capabilities provided by the broker. It is licenced by the FCA, CySEC, and ASIC, and provides a wide range of financial instruments.
Founded in 2008, Plus500 is the brainchild of six Technion alums (Israel Institute of Technology). Listed on the London Stock Exchange, it is one of just a few publicly traded CFD brokers (LSE: PLUS).
In the world of FX and CFD trading, Plus500 is a major player with a user-friendly interface that makes it easy to trade. Plus500 may be found in more than 50 countries and is authorised by a number of reputable authorities. Club Atletico de Madrid's primary sponsor, they have a longstanding relationship with them.
For our evaluation, we looked at nine different aspects of Plus500: trust/stability; fees; tradeable instruments; account types; deposits/withdrawals; research; customer support; education; and platform/tools.
With regards to trust, tradable instruments and customer service Plus500 excelled.
Plus500, although its beginner-friendly platform, lacked educational resources.
Plus500 is regulated by a number of top-tier agencies across the world, including the Financial Conduct Authority (FCA).
In general, this broker is a good option for novice traders.
Plus500 has a wide selection of products to trade and a professional account, making it a viable option for experienced traders.
It's easy to use, customer support is excellent, and Plus500 has a wide selection of markets to trade. Even more importantly, it's a highly regulated forex and CFD broker.
Plus500's user-friendly interface makes it an excellent alternative for novice traders.
European derivatives broker Plus500 specialises in CFDs (CFDs). CFDs are comparable to binary options in the United States, where traders make all-or-nothing wagers on the values of particular assets, such as indices, commodities, and currencies. While CFDs are not permitted to be traded in the United States, they are allowed in many other countries, and Plus500 has a large variety of CFD markets available to trade.
No commissions are charged and the spread, the difference between a stock's purchase and sell price, is used to make money. CFDs, on the other hand, are very hazardous derivatives that may wipe out an investor's whole investment portfolio. Trade only if you have a thorough understanding of how these instruments work and the dangers associated in purchasing them.
Additionally, the FCA and CySEC have also issued licences to Plus500, which is situated in Haifa, Israel. With offices across Europe and Asia, the broker is on the rise. If you're looking to trade anything other than stock indexes or ethereum, then you'll need one of the several CFD products available.
Plus500 provides a powerful trading platform and a plethora of potential trading situations, but it is not suitable for inexperienced traders. Plus 500 has a number of great features, including:
Plus500 is one of the most highly rated trading applications in the iTunes and Google Play stores for seamless mobile trading. All of the features of the normal WebTrader platform are available in the app.
Although CFDs are designed for experienced investors, this does not imply that the platform is difficult to use. There is no steep learning curve for Plus500's trading platform. Additionally, if you're having trouble adapting to the real thing, you may utilise the free trial account for as long as you want.
Providing a payment method and verifying your personal information are the only requirements for signing up. Using a credit card or PayPal account to finance your account is the recommended way of payment and will get you up and running immediately.
Investments in FDs are dangerous due to the fact that unsuccessful transactions might result in a full loss of funds. Inexperienced or risk-conscious traders should avoid using CFDs, since they may result in the loss of all of the money they've put into a position. Trading in either/or instruments may not be suitable for those whose stomachs turn at the prospect of losing their whole investment.
Trades on Plus500 are free of commission. You may trade any market on the site for free and simply pay the difference between the transaction price and the spread. Plus500's bare-bones approach means that spreads are kept to a minimum, which is one of the advantages of trading with them.
In no time, Plus500 customers will feel right at home on the platform. If you don't use the demo account, it won't expire. Your sample account will, in reality, be immediately refunded once it falls below a certain threshold..
A variety of asset classes: CFDs may be traded across a wide range of asset classes, making them a versatile instrument. Indicators from stock exchanges throughout the world are available, as are futures contracts for commodities and currencies, as well as cryptocurrency contracts for difference (CFDs).
Plus500 doesn't want a complicated trading platform with a lot of language and technical capabilities that it can't use on its desktop or mobile apps. The platform is simple to use.
Many brokers provide a free demo account with automatic reloads so that potential customers may test the platform and get familiar with its feel. Plus500, on the other hand, offers a lifetime demo account. Paper money in your sample account will automatically be replenished when its balance reaches a certain amount.
Learn how to utilise the various features of the platform, along with the essentials about trading CFDs, understanding slippage and how rollover works in Plus500's Trade Guide. Other than a few general questions, there are no very thorough answers in the FAQ section on a wide range of subjects.
You'll be disappointed if you come to Plus500 seeking market analysis, live news updates, and the most recent economic statistics. You get what you pay for, and the lack of educational materials and market updates is one of the negatives of a low-commission, no-spread CFD broker.
Plus500's customer service options are lacking, particularly for new customers. Despite claiming to provide round-the-clock assistance, the only ways to get in touch are via a typical support form, a single email address, or a live chatbot that merely sends you to the FAQ area of the site. No phone assistance or live people on the other end of the chat function are available.
If you understand how CFDs operate, Plus500 offers a wide range of trading products. Unlike a stock or a contract for future delivery, a CFD is not a financial instrument. Derivatives used to bet on the increase or decrease in the price of an underlying asset are what CFDs are all about. Investors who believe oil prices will climb may buy a CFD and pocket the difference when oil prices actually rise. CFDs, on the other hand, carry a high level of risk, with more than 75% of retail traders reporting losses. Always be aware of the dangers before engaging in complex derivatives trading.
Customers of Plus500 may trade CFDs on a wide range of equities products, including stock indexes and ETFs. This is because retail customers are limited to a maximum of 1:3 leverage for stock indexes. This means that a $300,000 stake may be managed with only $1,000. S&P 500, DAX 30, Nikkei 225 and VIX Volatility Index are some of the most popular stock indexes. It's possible to trade individual shares of American and foreign corporations like Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), and Apple (AAPL). Trying to find ETFs? QQQ, SPY, GLD, and VTI are some of the ETFs that Plus500 offers CFDs on.
In the currency market, CFDs are often employed, and Plus500 provides a wide range of instruments to trade both currency pairings and the spot market. All the main currency pairings, as well as some exotics like the TRY/JPY and DKK/NOK, are available for trading. CFDs based on the US Dollar Index may also be traded.
There has always been a large portion of the CFD market dedicated to commodities trading. Plus500 offers contracts for energy commodities like oil and gasoline, precious metals like gold, silver, and copper, and agricultural goods like coffee and soybeans.
Plus500 isn't like the majority of brokers when it comes to digital currency CFDs. For example, you may buy and sell contracts for Bitcoin, Litecoin and Ethereum as well as NEO and Ripple. The maximum leverage for retail customers is 1:30 and 1:2 for cryptocurrency because of ESMA limitations.
When utilising Plus500's mobile app, moving your trading activity to a smaller screen does not affect its value. There are hundreds of trading instruments accessible, and you'll be able to utilise all of the tools and indicators available on the desktop platform. Trades may be completed at a single click, and your account balances and other details can be found quickly and conveniently. Both iOS and Android devices may use the mobile app.
US customers can't use Plus500 since CFDs are still illegal in the country. Plus500 is regulated by the British Financial Conduct Authority, which is regarded as one of the world's most reputable financial regulators (FCA). As a result of the high leverage and volatility nature of either/or transactions, CFDs are inherently dangerous. It's possible that you'll be subject to a margin call if you have a string of bad trades.
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Plus500 is a wonderful broker to begin started with if you understand the danger of trading derivatives like CFDs. The interface is user-friendly and comprehensive, allowing users to access all of the brokerage's asset classes.. The demo account allows customers to experiment before going on to the real thing, and video lessons demonstrate how to utilise all of the platform's capabilities. A no-frills broker with cheap costs and access to dozens of markets is Plus500 if you want to try out CFD trading but don't live in the United States.
In order to protect itself from significant losses, the firm acts as principal and uses its parent company to hedge its exposure. According to regulatory authorities in Europe and the Asia-Pacific area, Plus500 does not provide supplementary deposit insurance.
The Financial Conduct Authority (FCA #509909) has approved and regulated Plus500UK Ltd. London EC2R 7HJ is the location of Plus500UK Ltd's headquarters.
Regulated by the Cypriot Securities and Exchange Commission, Plus500CY Ltd has been granted a licence (License No. 250/14)
ASIC has awarded AFSL #417727 to Plus500AU Pty Ltd, the Financial Markets Authority (FMA) in New Zealand has issued FSP No. 486026 to the company, and the Financial Services Conduct Authority (FSCA) in South Africa has issued AFSL #47546 to the company.
In accordance with the regulations of the Seychelles Financial Services Authority, Plus500SEY Ltd is licenced to do business (License No. SD039)
The Monetary Authority of Singapore has granted Plus500SG Pte Ltd (UEN 201422211Z) a capital markets services licence to do business in capital markets products (License No. CMS100648-1)
To guarantee that client monies are not commingled with corporate funds in the event of Plus500's insolvency, the FCA requires Plus500 to keep such funds separate in segregated accounts at regulated banks in compliance with its client money regulations. Even if Plus500 fails, the Financial Services Compensation Scheme may cover any deficit up to £85,000 (FSCS).
Negative balance protection, enforced by ESMA regulations that took effect in 2018, is another feature of Plus500 that helps customers from losing more money than they originally deposited into their accounts. While stop loss orders may be utilised on some instruments, the spread is larger than with standard stop loss orders.
If the user does not use the web-based or mobile apps for a certain amount of time, they will be logged out.
To be honest, Plus500 doesn't have much to offer in the way of in-depth study or criticism. In-house research publications and videos are scarce at the firm. However, the broker offers useful economic and earnings calendars. Additional features include news and market analysis.
It is possible to undertake technical analysis on any of the instruments under consideration using Plus500's customisable charts. As an additional feature, it gives the "Traders' Sentiment" and "Live Statistics" indicators, which indicate the proportion of Plus500 customers who are buying and selling an instrument, respectively.
In-depth analysis of trading activity cannot be performed with the built-in tools that are provided, but, as you can see your account balances, transaction activity, and profit/loss breakdowns are all available in real-time. A trading log and tax accounting tools are not available on Plus500.
In order to assist you get started trading CFDs on Plus500, we've compiled a list of helpful links. The "Trader's Guide" video series and an accompanying booklet are available. They also provide information on risk management and the stock market. All trading instruments and associated risks are described in detail in the broker's legally mandated "Key Information Document" (KID). Commodities, cryptocurrencies, ETFs, FX, indices, options, and stocks are all included in the KID's summary information. In general, Plus500's training materials are of a mediocre quality; nonetheless, considering the inherent danger in CFD trading, it would be prudent to seek out other resources.
Plus500 is obviously aimed at people who are searching for a simple trading platform without the need for sophisticated features. As a result of competitive spreads and an easy-to-use proprietary trading platform, the broker's fees remain modest. The Financial Conduct Authority regulates Plus500 U.K., giving its customers extra peace of mind.
Unsuitable for technical traders since they don't provide an MT4 platform and don't offer auto-trading Due to its lack of educational resources, Plus500 is not the most beginner-friendly place to trade because of the complexity and risk of CFD trading. For experienced investors who prefer to enter and exit transactions manually, the trade-off may be worth the reduced fees.
Learn more about online trading brokers for UAE citizens and residents.
Sites like Plus500 in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- Gulfbrokers ae - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulfbrokers AE Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
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