Page Summary
This guide helps users to compare and find the best stock trading apps in the UAE. Mobile trading apps are popular in the UAE as they allow users to trade from everywhere at any time.
However, with the various online brokers in UAE that offer mobile apps, it can be tough to find the ideal option for users’ individual needs.
To help traders make the right choice, the apps of available providers have been assessed considering a range of stocks, research tools & features, fees, UX, deposits & withdrawals, and accessibility.
This guide compares 134 providers for users to review and find the optimal broker for their needs. To help them make an informed decision, a list of the best stock trading apps in UAE & Dubai is shared below, followed by in-depth reviews and comparisons.
Top 5 Stock Trading Apps in UAE and Dubai
- eToro – Best for Beginners
- Interactive Brokers – Ideal For Intermediate and Advanced
- TradeStation – Best For Active Traders
- TD Ameritrade – Best For Self Directed Trader
- Saxo Bank – Best For High Volume Traders
Best Stock Trading Apps For UAE Reviewed
Stock brokers with the best rated stock trading apps in UAE are reviewed in more detail below.
1. eToro – Best 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 multi-asset broker with the world’s largest social trading user base (over 30 million). It is licensed by multiple tier-one regulators, including the FCA, ASIC, and is considered safe. Users can trade on over 5,500 financial instruments, including 2,800+ real stocks, 2,800 stock CFDs, fractional shares. Additionally, users can invest in stocks long-term through pre-built thematic portfolios called Smart Portfolios.
eToro’s mobile trading app (eToro app) has an intuitive interface, great for beginners. It mirrors most web-platform trading features, including watchlist syncs, charting tools, and copy trading abilities. Users can get the app from Google Play or the Apple App Store. It is available for Android and iOS.
eToro charges 0% commission on stocks and ETFs. The broker charges fees in the form of spreads (they vary based on current stock market conditions), overnight fees ($5), currency conversion fees (0.0050 pips on deposits different than USD), and inactivity fees ($10/month after 12 months of inactivity).
To summarize, eToro’s mobile app is easy to use, mirroring most of the web platform’s trading features, including copy trading tools, which makes it an excellent choice for beginners.
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. Interactive Brokers – Ideal For Intermediate and Advanced Traders
Min Deposit: $0
Fees: 4.9
Assets available: 4.9
Total Fees:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Interactive Brokers is a global brokerage firm founded in 1977. It is regulated by multiple tier-one regulators (NYSE, FINRA, SEC) and is therefore considered safe. Users can trade on over 135 international exchanges, including real stocks (17,500), stocks as CFDs ( 8,500), penny stocks, and fractional shares.
Interactive Broker’s proprietary stock trading app (GlobalTrader) has an intuitive design and mirrors most of the trading features of the web version. It offers various customization options and access to a vast selection of research and data providers for fundamental analysis (Fundamentals Explorer, Zack’s Investment Research, Market Realist, and TheStreet). Users can download the Interactive Brokers trading app via Google Play, Apple App Store, or the broker’s official website. It works on Android and iOS devices.
Stock trading fees at Interactive Brokers are competitive compared to other brokers in the industry. The broker charges $0,0035 to $0,0005 per share, depending on the monthly order volume, with a minimum of $0,35 per order. Interactive Broker does not charge withdrawal, inactivity, or maintenance fees, ranking them among the industry’s lowest-fee stock brokers.
To sum it up, Interactive Brokers has the biggest selection of stocks, offering low fees and an intuitive trading app for intermediate to advanced traders.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
3. Tradestation – Best For Active Traders
Min Deposit: $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account)
Fees: 4.8
Assets available: 5.0
Total Fees:
TradeStation is a US-based online brokerage service founded in 1982. As a member of the New York Stock Exchange (NYSE), the Chicago Mercantile Exchange (CME), and the Financial Industry Regulatory Authority (FINRA), it is considered safe. Their users can trade on over 5,000 international stocks, OTCBB penny stocks, and 2,000 ETFs.
TradeStation’s mobile trading app (TradeStation Mobile) is easy to use for beginners. It covers most of the trading features of the web version, including real-time market data, fast trade execution, and One-click trading, which makes the app ideal for active traders. The app is free at Google Play, Apple App Store, and the official TradeStation website.
TradeStation offers 0% commission stock and ETF trading and charges $0,60 per contract on stock options. The broker also charges an annual $50 inactivity fee on accounts with a balance below $2,000.
To sum it up, TradeStation’s mobile app offers access to a wide range of stock markets, fast and reliable trade execution, and extensive research options, making it a great option for active traders.
4. TD Ameritrade – Best For the Self Directed Trader
TD Ameritrade is a US-based online brokerage firm founded in 1971. It is regulated by the SEC and offers users protection through the SIPC investor protection scheme. Users can access real stocks, OTC stocks, ETFs, mutual funds, options, and fixed-income products.
TD Ameritrade has two mobile trading apps: TD Ameritrade Mobile app (for beginner and intermediate traders) and Thinkorswim app (more feature-heavy, suited for active traders). Users can download both apps at Google Play, Apple App Store, and the official TD Ameritrade website. They offer extensive chart customization options, fundamental analysis tools, and simple order placement options.
TD Ameritrade charges $0 commission on stock and ETF trades, a $6.95 flat-rate fee on penny stocks, and a $0.65 per contract fee on stock options. Additional costs include overnight fees, currency conversion fees, and margin rates, which makes TD Ameritrade’s fees rank average compared with other brokers.
To sum it up, TD Ameritrade’s stock trading apps offer a great selection of stock trading features, various customization options, and fast trade execution, which makes them a top overall app.
5. Saxo Bank – Best For High Volume Traders
Min Deposit: $5000
Fees: 4.7
Assets available: 4.9
Total Fees:
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Bank is a Danish investment bank founded in 1992. It is regulated by seven tier-one regulators and, therefore, considered safe. Users can trade on a wide range of stock markets (core and emerging), including 30,000 stocks, 7,000 ETFs, and 19,000 stocks as CFDs.
Saxo Bank’s mobile trading app (SaxoTraderGO) is easy to use, unifying the trading experience from the web-based platform (SaxoTraderGO). The mobile app offers a wide range of advanced trading features like enhanced trade tickets, extensive charting options, technical and fundamental analysis features and options chains. Conversely, the SaxoInvestor app provides real-time financial market news updates. Users can download both apps for free from Google Play and Apple App Store.
Saxo Bank charges low commissions from $1 on stocks and ETFs and $1,25 on options and futures. Additionally, Saxo Bank provides broker-assisted trades at a premium via its 24/7 multilingual professional support team.
To sum it up, Saxo Bank’s mobile trading app (SaxoTraderGO) offers a wide range of advanced trading features, complete cohesion with the web trading platform, and a competitive pricing structure on more significant trading volumes, making it an excellent fit for high volume traders.
69% of retail investor accounts lose money when trading CFDs with this provider.
Top Stock Trading Apps Compared
Key features of the highest-rated stock trading apps in UAE are compared in the table below
| Broker | eToro | Interactive Brokers | Tradestation | TD Ameritrade | Saxo Bank |
| Trading Fees | 0% commission stocksconversion, withdrawal, and inactivity fees) | 0.0005 to 0.0035 per share on Stocks/ETFs | Commission-free stock and ETF trading | Commission-free stocks, ETFs, and options | $1 stocks and ETFs |
| Min. Deposit | $100 | None | None | None | $2,000 |
| Nr. of available stocks | 3,000+ assets | Over 150 global markets | Over 125 international markets | Over 4,000 | 23,500+ |
| Operating Systems | Android, iOS | Android, iOS | Android, iOS | Android, iOS | Android, iOS |
How to Find The Ideal Stock Trading App in UAE?
Criteria for finding the ideal online stock trading app in the UAE are listed below.
- Access to a wide range of stock exchanges and markets
- Vast stock trading features (watch lists, order tickets, and stock trading charts)
- Fast and reliable order execution
- Great user experience (easy to use)
- Safety features and measurements (two-factor authentication, anti-phishing protection)
How To Buy Stocks Through a Mobile App?
The steps users need to take to buy stocks with their smartphones are listed below.
- Open a brokerage account. Most of the brokers from our list have low or no minimum deposit requirements to open a live trading account. It can take up to 3 days to verify a live account.
- Make a deposit. To start trading, users need to make an initial deposit. Deposits are available through the deposit page, where users can select a payment method, and follow the on-screen instructions to finalize the deposit.
- Select a stock. Users can find stocks through the search window or by selecting their ticker symbol. They must click the ‘buy’ button to open the trade window.
- Decide how many stocks to buy and specify this amount.
- Place a market or limit order. Limit orders pre-determine the maximum price to pay per share, while market orders follow current market prices.
- Confirm the trade to add the stock to your portfolio.
The Advantages and Disadvantages of Stock Trading Apps
Advantages and disadvantages of stock trading apps are listed below.
Pros
- Trade and manage portfolios on the go at any time
- No expensive trading setups required
- The option to set price alerts and notifications
Cons
- Difficulty of conducting technical analysis
- Most stock trading apps have limited features compared to their desktop versions
- Difficulties of finding a stable internet connection
Conclusion
It requires time and effort to compare and evaluate the services of different stock brokers in the UAE to find the ideal option for individual needs. Users need to gather and evaluate various data to make the optimal choice for their needs.
This guide does the hard work by comparing and evaluating top brokers for different types of traders and investment goals.
Here are the top stock trading apps: eToro, Interactive Brokers, Tradestation, TD Ameritrade, and Saxo. Each app offers unique features, making them the best options for traders of all levels.
The results of our assessment of the best stock trading apps in UAE are wrapped up in the table below.
| RANK | BROKER | PLATFORM SCORE | TRADING FEES & COMMISSIONS | Nr. OF STOCK | MIN. DEPOSIT | RECOMMENDED FOR |
| #1 | eToro | 4.9/5 | $0 | 2800 stocks/2800 CFDs | $100 | Beginners |
| #2 | Interactive Brokers | 4.9/5 | $0.005/share | 16,500 stocks/8,000 CFDs | 0 AED | Intermediate and Advanced |
| #3 | TradeStation | 4.9/5 | $0 | 5,000 stocks/No CFDs | 7,300 AED/$2,000 | Active Traders |
| #4 | TD Ameritrade | 4.8/5 | $0 | 19,00 stocks | 0 AED | Self Directed Trader |
| #5 | Saxo Bank | 4.9/5 | $1.0/share | 30,000 stocks/19,000 CFDs | AED 7.300/$2,000 | High Volume Traders |
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.
Stefan Grasic is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level.