Best Trading Platforms in UAE With No Minimum Deposit 2024 (UPDATED)

With no minimum deposit requirement, Interactive Brokers have access to 135 international markets and over 1,000,000 financial instruments. Those include

87,000 stocks
35,000 ETFs
45,000+ mutual funds
50,000 options
100,000 bonds
3,052 indices
105 forex currency pairs
20 crypto coins

Interactive Brokers offers two main trading platforms:

• Trader Workstation TWS: is the advanced desktop version suitable for experienced traders and institutional investors
• Client Portal: is the web version and definitely more approachable for casual traders and beginners

The TWS platform is a great fit for all of you, advanced traders, as it offers sheer unlimited customization options and third-party software integrations including TradingView, TC 2000, and Expert Advisors. The last one is a relatively new feature that offers users the possibility to participate in social trading and robo-advisory services. We think that beginners will be a bit overwhelmed with the TWS set-up, and should definitely start with the Client Portal platform instead.

Interactive Broker trading fees range from:

• 0,08 to 10 basis points on spot currencies and bonds,
• 3% up to $14,95 on mutual funds,
• $0,25 to $0,85 on futures contracts,
• $0,15 to $0,65 on options, and
• zero commissions on stocks and ETFs,

There are no additional deposit or withdrawal fees and no inactivity fees, which makes Interactive Brokers an overall low-cost broker.

Interactive Brokers is regulated by top-tier financial regulators including the SEC, CFTC, and FCA, and is therefore considered safe.

Pepperstone is an FCA-regulated broker that offers its retail users access to over 1630 CFD trading instruments. Their trading platform is intuitive and allows users to access MT4, MT5, TradingView, cTrader, and Pepperstone trading platforms. Pepperstone supports Algo trading and offers users a broad range of trading tools like copy trading.

Trading fees range from 0.1 pips on EURUSD with a $3.5 commission to 1.1 pips with no commission, with a 0.4 spread on index CFDs. It does not have any withdrawal fees or inactivity fees.

Pepperstone offers users a wide array of educational materials and research tools. These include news updates, weekly Outlook videos, detailed platform guides, educational blog posts, and webinars.

CMC Markets is an ASIC and FCA-regulated broker that provides its retail users access to over 12,000 forex and CFD trading instruments. Their trading platform is intuitive and allows users access to MetaTrader4 on multiple devices (desktop, web, mobile). CMC market supports automated trading and offers users a broad range of trading tools, including VPS and AutoChartist.

With trading fees ranging from interbank rate plus or minus 0,0082% (buy or sell positions), CMC Markets’ forex and CFD trading fees are very competitive compared to other brokers.

Pro Tip: CMC markets charges $0,02/share on stock CFDs which makes them expensive compared to other broker for trading with this asset. They also charge $10 on international bank transfers.

CMC Markets provides its users with a broad range of educational material and research tools such as an economic calendar, a morning update and weekly outlook in video format, full-fledged platform guides, educational blog posts, and webinars and live events. Users can receive trading ideas from top market analysts Michael Hewson, Tina Teng, and Kelvin Wong as well.

The only real disadvantage of trading with CMC markets is that the broker only offers forex and CFD trading and above average fees on stock CFDs.

Swissquote is a FINMA and FCA-regulated broker, listed on the SIX Swiss Exchange. They provide users access to over 1,000,000 financial instruments including stocks, ETFs, mutual funds, bonds, commodities, futures, options, forex, and CFDs.

Swissquote users can choose between two web-based trading platforms: eTrading and Advanced Trader. Both platforms offer beginner to advanced trading features including watchlists, a trend radar to conduct daily securities analysis, a quick search feature to find securities by name, symbol, or ISN, and widgets to personalize your trading experience. They also offer full MetaTrader (MT4 & MT5) integration.

Swissquote trading fees start at 1 EUR/contract which is low compared to other brokers.

In terms of research and education Swissquote users have access to daily trading ideas, market updates, and education in the form of blog posts, tutorials, and webinars. Hedging and the usage of expert advisors is allowed, which is great for professional traders.

The broker’s customer service is available from 8:30 to 17:30 by live chat, phone, and email in English, Arabic, and 8 other languages. Swissquote’s physical address in the UAE is Al Fattan Currency House, Level 9, Office 903, Tower 2, DIFC, Dubai.

The downsides of trading with Swissquote are that price alerts and access to Swissquote Ranking, a historical technical database, are only available to premium clients and that users can only fund their account by wire transfer and credit card.

SogoTrade is a FINRA-regulated broker that allows users to trade futures and options on its advanced multi-leg trading platform. The platform allows users access to streaming quotes, powerful analysis and risk management tools, and different customisation options.

With trading fees ranging from $0,50/contract and $25 per broker-assisted trade, SogoTrade’s trading fees are competitive. Users that place limit orders on their own (via the broker’s platform) don’t pay any commission at all.

Users can view real-time option quotes and set up their option chain and Greek graphical layout according to their needs. Traders can also make use of basic and advanced order types such as Market-On-Close, VWAP, and One-Triggers-the-Other orders.

Professional traders will appreciate SogoElite, which provides ultra-low (under 30ms) latency real-time streaming market information for U.S. stocks and options whilst mobile traders can trade on the go using the Sogo app. They can also make use of Expert advisors and third-party automated trading software via the SogoTrade API.

OKX combines real crypto trading, crypto CFD trading, crypto options and futures trading for beginners and advanced. It also allows usage of crypto trading bots, has a built-in NFT marketplace and provides its users ways to generate a passive income through high yield savings accounts, liquidity mining, yield farming, crypto lending, and staking. We believe that the diversity of trading features which are all accessible to traders at all levels makes OKX a top exchange for crypto traders with no minimum deposit.

OKX is one of the largest cryptocurrency exchanges globally in both amount of active users and trading volume which makes orders get filled quickly.

To top it off, the exchange charges low trading fees, clocking in at 0,08%/0,10% maker/taker which can be further reduced to -0,005%/0,020% maker/taker by holding OKB coins.

OKX provides its users with decent research and educational tools coming in the form of beginner tutorials, trading ideas, and industry analysis. Although OKX has never been hacked and is considered a safe and reliable cryptocurrency exchange, it’s still an unregulated broker.