Page Summary
This guide helps you find the best copy trading platforms in UAE. Copy trading is a trading strategy allowing users to copy trades and portfolios from other traders. However, with the wide range of copy trading features offered by online brokers, it can be a daunting task to select the best-suited platform for individual traders’ needs.
Missing out on research and comparison of copy trading services could lead the trader to select a platform or third-party provider with limited copy trading features, traders to copy, assets to trade with or customer support options.
This guide assesses 108 online brokers in UAE for users to explore and select the ideal platform for their needs. To help them make an informed decision, a list of the best copy trading platforms in the UAE is shared below, followed by detailed reviews and comparisons.
Top 5 Copy Trading Platforms in UAE
- eToro – Best For Beginners
- AVAtrade – Top For Forex and CFD
- Naga – Ideal for Stocks and ETFs
- IC Markets – Best Trading Fees
- Vantage – Great For Research and Education
Top 5 Copy Trading Platforms in UAE Reviewed
Online brokers with the best copy trading platforms in UAE are reviewed in more detail below.
1. eToro – Best For Stocks and For Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
Pros
- Copy trading available for Forex, CFDs, Stocks and cryptocurrency
- Copy trading available on demo account for practice
- Statistics and signal providers available
Cons
- Automated algorithmic trading is not available, signal provider platforms may not work
Key features
- Sophisticated social-copy trading features
- Multiple different payment options
- Crypto exchange and brokerage services on the same dashboard
- Super fast registration and KYC on-boarding process
- Zero commission stock trading
- Great ease of use level
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. AVAtrade – Best For Forex and CFD
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
Pros
- Copy Trading available via3 different platforms: ZuluTrade DupliTrade and Mql5.com
- Share ideas, comments, and show others your achievements with AvaSocial
- AvaSocial interacts with signal providers
- Copy trading available with $100 deposit
- Copy trading available via MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms
Cons
- If the signal provider uses a different broker, some trades will not work. Platform requires advanced trading knowledge to setup
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
71% of retail CFD accounts lose money
3. Naga – Best for Stocks and ETFs
NAGA Markets is a CySEC and BAFIN-regulated forex and CFD broker owned by a publicly listed German FinTech company on the Frankfurt Stock Exchange. Traders can trade over 1,000 financial instruments including forex, stocks, commodities, indices, ETFs, cryptocurrencies, and NFTs on NAGA Markets with up to 1:30 leverage. NAGA Markets also offers social trading, which is ideal for beginner traders or for people who don’t have time to trade the financial markets themselves.
NAGA Markets has its own proprietary trading platform and app, but is also compatible with MetaTrader 4 and MetaTrader 5. The broker’s own trading platforms are fully customizable and provide both beginner and experienced traders with all the analytical tools and features they need.
NAGA Markets has an extensive free-to-access education section on its website consisting of the NAGA Academy, NAGA Learn, and the Currencies Encyclopedia. If you want to try out NAGA Markets’ trading platform, you can do so completely free of charge with the available demo paper trading account. The minimum deposit required to open a live NAGA Markets trading account is $250.
The NAGA Markets customer support is available 24/7 in English, Arabic, and over 10 other languages by email and live chat.
Pros
- Stocks, ETFs and Futures available for copy trading
- Offers stocks from 6 different markets
- Copy trading is available on Demo accounts
Cons
- Automated algorithmic trading is not available
Key features
- Trade over 1,000 financial instruments including crypto and NFTs from one account
- Copy other trader’s trades with NAGA Copy Trading
- Order the NAGA Pay fast debit card to spend crypto
- Regulated by the CySEC and BaFIN
- Instant withdrawals to e-wallets and crypto wallets
4. IC Markets – Best Trading Fees
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IC Markets is an ASIC and CySEC-regulated broker operating globally. With IC Markets you can trade forex, CFD, and crypto with up to 1:500 leverage. IC Markets has over 2,000 tradable assets and charges low, floating spreads from 0,0 pips.
IC Markets has multiple trading platforms available and is compatible with MetaTrader, cTrader, myfxbook AutoTrade, and ZuluTrade. Professional traders can open a Raw Spread, Standard or Islamic account at IC Markets, whilst beginners can practice trading with their unlimited demo paper trading account.
You can fund your IC Markets account by bank transfer, credit card, or e-wallets like PayPal at 0% commission and receive access to a free VPS server after opening an account with them.
Pros
- Copy Trading is available via 4 different platforms: ZuluTrade DupliTrade, Mql5.com and cTrader CopyTrader
- Copy trading available with MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms
- Advanced Copy Trading management tools available
Cons
- If the signal provider uses a different broker some trades will not work. Advanced trading knowledge required for correct setup
- Some signal providers only available for certain account types or trading platforms
Key features
- Access to over 2,000 CFDs on stocks, bonds, indices, commodities, forex, and digital currencies
- Islamic swap-free accounts available on request
- Compatible with MetaTrader 4, 5, cTrader, ZuluTrade, and Myfxbook AutoTrade
- Raw spreads from 0,0 pips
- Well-suited for both beginner and experienced traders
- Expert Advisors and other forms of automated trading allowed
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5. Vantage – Best on Reseaerch and Education
Min Deposit: $200
Fees: 5.0
Assets available: 2.1
Total Fees:
Vantage is an FCA-regulated forex and CFD broker that has been in business since 2009. With Vantage traders can trade CFD’s on American, Europeans, and Australian stocks, commodities, and ETFs with up to 1:500 leverage at low, floating spreads.
Vantage offers both STP and ECN accounts and is compatible with MetaTrader 4 and 5. Traders can make use of 9 additional add-ons when they decide to connect their Vantage account with MT4 or MT5. Some examples of these add-ons are the Alarm Manager, Correlation Matrix, Correlation Trader and Market Manager.
Apart from these add-ons Vantage offers every trader access to a free VPS server, a forex sentiment indicator and research tools like Market Buzz, Featured Ideas, and Analyst Views. You can familiarize yourself with the VantageFX trading platform or test your trading strategies with the available demo paper trading account or open a real account from a minimum deposit of $200.
Pros
- Copy Trading available with 4 different platforms: ZuluTrade DupliTrade, MyFXBook and Mql5.com
- Copy trading available via MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms
- Advanced Copy Trading management tools available
Cons
- If the signal provider uses a different broker, some trades will not work. Advanced trading knowledge required for correct setup
- Higher deposit required for copy trading via Duplitrade
Key features
- Access to over a thousand CFDs on shares, soft commodities, metals, indices, forex, and energy markets
- PRO ECN, RAW ECN, Islamic swap-free, and unlimited demo accounts available
- Low, competitive spreads from 0.0 pips
- In-depth market analysis available and access to free sentiment indicators and trading signals
- Free PRO trader tools, forex VPS, and MT4/MT5 SmartTrader tools
- TradingView dynamic charting features
- Trade on-the-go with the Vantage and Metaquotes apps
- Excellent copy trading features provided by ZuluTrade, DupliTrade, and MyFXbook Autotrade
74-89% of retail CFD accounts lose money
How To Select The Optimal Copy Trading Platform in UAE?
Criteria to consider for finding an online broker with the best suited copy trading platform in UAE are listed below.
- Social/copy trading: Social and copy trading helps new traders gain experience, and also allows experienced traders to delegate trading activities to other traders. Make sure you understand how social and copy trading work before you start.
- Assets: Investors should have access to a range of assets for copy trading. Make sure you can copy trade assets like: Stocks, mutual funds, bonds, ETFs, commodities, futures, forex, indices, and cryptos.
- Research & education: Copy trading takes the work out of trading, but you should look for a broker that has educational resources, as well as access to market data.
- Customer support: Make sure that any broker you choose has a dedicated support staff that is always available. Also look for how you can contact the broker, and make sure they will communicate in your language.
- Mobile Trading: There are mobile trading platforms available that operate with both Android and iOS. If you want to trade on a mobile device, make sure your broker offers the tools you need on its mobile platform.
- Fees: Any trading fees you pay impact profits, so make sure you work with a broker that has low fees. Some brokers offer 0% trading fees, but copy trading has its own set of fees that impact the profits.
- Trading platforms: Copy trading platforms are bespoke, and each broker has its own set of copy trading parameters. Make sure you understand all the features of the copy trading platform you choose before you put money into the market.
- Deposit & Withdrawal: Brokers should have free deposits and withdrawals, so make sure any broker you choose allows you to fund your account for free. Also make sure that the broker accepts a payment method you like.
- Regulation: The FCA, CySEC, and ASIC regulate brokers and other financial service providers. Don’t waste your time with unregulated brokers.
The Top Brokers For Copy Trading Compared
Key features of the highest rated copy trading brokers are compared in the table below.
| Brokers | eToro | AVAtrade | Naga | IC Markets | Vantage FX |
| Available Assets (for Copy Trading) | Stocks, ETFs, Crypto, Forex, CFDs | Forex, CFDs | Stocks, Forex, CFDs, Futures | Forex, CFDs | Forex, CFDs |
| Copy Trading Platform | eToro Copy Trader | MT4, MT5, DupliTrade, ZuluTrade, Mql5.com | MT4, MT5, Naga, Mql5.com | MT4, MT5, cTrader, IC Social, ZuluTrade, Myfxbook AutoTrade, Mql5.com | MT4, MT5, Vantage CopyTrading, DupliTrade, ZuluTrade, Myfxbook, Mql5.com |
| Minimum Deposit | $200 | $100 | $250 | $200 | $200 |
| Demo account (for copy trading) | Yes | Yes | Yes | Yes | Yes |
| Peer-to-peer copy trading | No | Yes | Yes | Yes | Yes |
| Customer Service | Phone, Email, Live Chat, Ticket System | Phone, Email, Live Chat | Phone, Email, Live Chat | Phone, Email, Live Chat | Phone, Email, Live Chat |
What is social trading?
Social trading leverages the social revolution for traders, and allows a common space for interaction between new and experienced traders. Like social media, social trading has forums, posts, and information exchange. The topic is always trading, and there are options for copy trading on social trading platforms.
What is the Difference between social and copy trading?
Social trading and copy trading are similar, but there are some important differences. Copy trading allows an investor to copy trades from another trader, while social trading shares information in a group of traders. Social trading is a perk for clients of a broker who share information and learn, and copy trading is a service that risks capital and has fees.
What are The Pros and cons of social trading in UAE?
Social trading is a way for new traders to learn more about the markets, so there are no real downsides to participation.
However, it is important to realize that even experienced traders lose money, and not every market call they make will be accurate. If you are a beginner trader in the UAE, it is a good idea to look for a broker that offers social trading.
Copy trading is where risk enters the picture, as copy trading involves taking on positions another trader controls. Because a trader has been successful in the past, it doesn’t mean every trade they make creates profits.
Which Assets are available for copy trading in UAE?
Social trading is available for any of the assets that a broker offers, for example: forex, stocks, indices, commodities, ETFs, and cryptos are available on social trading platforms. If you want to use copy trading, make sure you understand the risks involved.
Conclusion
With the numerous online brokers in UAE offering different copy trading features and conditions, finding the ideal choice for individual needs can be difficult. Evaluating and comparing offers of different providers is essential in the decision-making process but requires time and knowledge.
This guide users confidently through the selection process, the top provider are evaluated for different types of traders and their investment goals. The results of our analysis of the best copy trading platforms in UAE are wrapped up in the table below.
Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | eToro | 4,9/5 | Beginners | Official website Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results. |
| #2 | AVAtrade | 4,9/5 | Forex and CFD | Official website |
| #3 | Naga | 4,9/5 | Stocks and ETFs | Official website |
| #4 | IC Markets | 4,9/5 | Low Trading Fees | Official website |
| #5 | Vantage | 4,2/5 | Research and Education | Official website |
Based on the findings from our reviews and comparison, we consider eToro as the best copy trading platform in UAE. They offer a proprietary social trading platform for mobile and desktop with a great variety of copy trading features, high ease of use level, great selection of professional traders to copy and a “forum alike” chatting option. Investors can trade with stocks, ETFs forex currency pairs, cryptocurrencies and bonds with eToro.
FAQ
What is the difference between social and copy trading?
While copy trading focuses on directly copying trades from other traders, social trading focuses on building a community where traders share their trading ideas, strategies, and performance information without directly copying each others trades.
Is copy trading risky?
Although copy trading refers to copying trades of top performing traders, it involves risk of losing money. As with all other investments, there is nothing such as a 100% guarantee on profits.
Is copy trading a profitable trading strategy?
The profitability of copy trading strategies depends on the performance of the copied trader. This is why it is important to choose a trader with great performance history.
Is social trading a good way to learn to trade?
Social trading allows traders to copy and follow trader of seasoned traders, which allows them to learn from experienced traders.
Is copy trading legal in UAE?
Yes, copy trading is legal and can be used as a trading trading by UAE traders and investors.
Is it possible to trade manually when copy trading?
Yes, most copy trading platforms combine and allow traders access to copy trading and manual trading.
Are there any extra costs associated with copy trading?
Common costs associated with copy trading include performance fees, subscriptions fees, trading fees and non-trading fees.
What are the most common third-party platforms for copy trading in UAE?
The most common third-party integration tools for copy trading include Zulutrade, Duplitrade, MT4. MT5, cTrader, Myfxbook’s AutoTrade , Mql5.com and Tradeo.
What are major drawbacks of copy trading?
The biggest drawbacks of copy trading include limited control and potential losses due to the traders performance.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.