Page Summary
This guide helps to compare and find the best forex trading apps in UAE. Forex trading apps are popular among UAE traders and investors as they allow them to trade from their mobile phones on the go. However, with the various mobile apps in UAE offering different options and conditions, selecting the ideal provider for individual needs is tough.
To help traders make the ideal choice, the services of available providers in the UAE have been assessed considering: the range of forex trading pairs, fees, order types, mobile trading tools, research & education materials, and customer support.
This guide compares 138 online brokers for users to compare and select the ideal provider for their needs. To help them make an informed decision, a list of the best forex trading apps in UAE is shared below, followed by in-depth reviews and comparisons.
Best Forex Trading Apps in UAE
- eToro – Best for Beginners
- AVAtrade – Top For Forex CFDs
- Multibank – Best Trade Execution Broker
- Pepperstone – Best for Advanced Traders
- FXTM – High Regulated Forex Trading App
- ThinkMarkets – Ideal For Professional Traders
Top 5 Forex Trading Apps Reviewed
The best forex brokers in UAE are reviewed below including key features.
1. eToro
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 the leading social trading company with premium forex trading services. It is a well-established and licensed broker for professional traders. It offers three proprietary platforms, the MetaTrader suite, ZuluTrade and DupliTrade.
With the help of the demo account, new traders learn about virtual trading and copy trading techniques. eToro has an excellent social trading platform. It helps traders uncover the best forex trading strategies by following experienced traders.
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
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AVATrade is a popular broker with competitive spreads and different tradable instruments. It is a good choice for professional forex traders due to its reliability and functionality.
It offers reliable forex education tools and a wide range of trading instruments.
This broker has a dedicated educational and research site. It helps new investors discover valuable information on market data and trading strategies.
71% of retail CFD accounts lose money
3. Multibank
Min Deposit: $50
Fees: Commission-free forex and CFD trading or $3,00 per lot per side commission on ECN Pro Accounts
Assets available: More than 20,000 financial instruments, including forex, stocks, precious metals, indices, commodities, and cryptocurrencies.
Total Fees: Inactivity fees, conversion fees, variable spreads, commissions of $3 per lot on ECN Pro Accounts
MultiBank is a great broker for professional traders. Its proprietary trading platform and app and supported MetaTrader 4 and 5 provide users with the necessary tools required to conquer the financial markets, including dynamic charting features, an extensive drawing toolkit, 80+ technical indicators, alert notifications to trade important market events, market depth of latest price quotes, VPS hosting, one-click trading, and social trading.
The MultiBank-Plus app allows traders to trade on the go. It contains the same features as its desktop counterpart and has a broad range of educational material and research and analytical tools available.
74-89% of retail CFD accounts lose money
4. Pepperstone
Min Deposit: $0.00
Fees: 0.1 pips on EURUSD with $3.5 commission or 1.1 pips with no commission
Assets available: More than 1600 financial CFD instruments, including forex, stocks, commodities, cryptos(based on jurisdiction), ETFs, Forwards, Shares, Indices
Total Fees: $0 Inactivity fees, 0.01% conversion fees, variable spreads
Pepperstone started in 2010 and has become a leading online broker, and now Peperstone is the best choice for advanced traders. They offer an advanced trading platform, and you can trade more than 1,600 instruments.
Pepperstone offers two types of accounts with different fee structures. The “Standard” account has a minimum spread starting at one pip and doesn’t charge any commission. The “Razor” account, on the other hand, offers zero spreads but charges a commission. These options are very competitive in the retail FX brokerage market.
74-89% of retail CFD accounts lose money
5. FXTM
Min Deposit: $200
Fees: 3.5
Assets available: 2.7
Total Fees:
ForexTime FXTM is the most widely used forex trading platform in the world. It is safe, flexible, and available on iOS, Mac, Android, and Windows devices. It is one of the best mobile trading apps because of its user-friendly interface.
It offers access to automated tools for professional traders. These come with rapid execution rates and increased profitability. ForexTime FXTM is a good choice for traders aiming to specialize in forex trading. It has several educational and research tools.
80% of retail CFD accounts lose money
6. ThinkMarkets
ThinkMarkets has 160 analysis indicators and analysis tools. It stands out as the best app for professional traders due to the premium data offered.
This app has built-in trading tools, including a risk scanner, trading simulator, and intelligence reports.
How To Choose The Ideal Forex Trading App in UAE?
Criteria to select the best forex trading app in UAE are listed below.
- Number of forex currency pairs. Broker apps with a wider range of forex instruments should be preferred. They allow better deverzification and flexibility which increases chances for profit.
- Reputation. Choosing a reputable broker helps to avoid losing money on scams. The following criteria helps to determine brokers reputation: number of users, number of positive user feedback, number of tier-one licences (SCA, DFSA, ADGM).
- Fees. There are two types of fees to be considered: trading fees (spreads, commissions) and non-trading fees (overnights, conversion fees, deposit and withdrawal fees). Brokers with low overall fees should be preferred.
- Forex Trading Platforms and Third Party Integrations. Traders need to consider their knowledge level, trading style and trading goals to select a broker with the right trading platform. Some of the most popular forex platforms are: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView.
- Experience level. Brokers apps offer trading features and trading interfaces for different experience levels (beginners, intermediate and advanced). Traders knowledge level needs to betaken into account.
- Personal Preferences. Individual criteria that need to be to considered when choosing a trading app include: Religion (Islamic account options), Language (Arabic, English), Trading style (automated trading, swing trading, day trading, algorithmic trading, leverage)
The Top Forex Trading Apps Compared
Key features of the top forex apps in UAE are compared in the table below.
| Features | eToro | Avatrade | Multibank | Pepperstone | FXTM | Thinkmarkets |
| Android | Yes | Yes | Yes | Yes | Yes | Yes |
| Apple | Yes | Yes | Yes | Yes | Yes | Yes |
| Watchlist (mobile) | Yes | Yes | Yes | Yes | No | No |
| Economic Calendar (mobile) | Yes | Yes | Yes | Yes | No | Yes |
| Charting tools (mobile) | Yes | Yes | Yes | Yes | Yes | No |
| Watchlist’s syncing | Yes | Yes | Yes | Yes | Yes | Yes |
Can You Trade Forex On Any Mobile Device?
Traders can trade forex on any mobile device that is running on a Android or iOS system. Most forex apps allow users to trade with the same tools and features that are available on their desktop versions.
Which Is The Best Suited App For Forex Trading Beginners?
eToro has the best suited forex trading app for beginners in UAE. The app has an intuitive interface with easy buy and sell options, copy trading features, wide range of educations resources and great customer support.
What Are The Best Third Party Platforms Available as Mobile App?
Third party platform integrations that have a mobile version for forex trading include: Metatrader (MT4 and MT5), cTrader, Tradingview, Autochartist, MyFxbook and Zulutrade.
Conclusion
It requires time and effort to review mobile trading apps of different providers in the UAE to find the ideal option. Users must compare and evaluate relevant information to make the optimal choice for their needs.
This guide does the hard grind for potential traders and investors, comparing and evaluating the top choices for different preferences and trading strategies. The results of our analysis of the best forex trading apps are summed up in the table below.
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Best for copy trading | 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 | Best web trading platform | 4,9/5 | Forex CFDs | Official website |
| #3 | Multibank | Best Trade Execution Broker | 4,7/5 | Professionals | Official website |
| #4 | Pepperstone | Best for Advanced Traders | 4,9/5 | Advanced | Official website |
| #5 | FXTM | Best app | 4,6/5 | Regulation | Official website |
| #6 | ThinkMarkets | Lowest trading fees | 4,5/5 | Professionals | Official website |
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.