Brokers

5 Best United Arab Emirates (UAE) Stock Brokers List

By Stefano Treviso , Updated on: Apr 07 2023.

Here’s our selection of the 5 Best United Arab Emirates (UAE) Stock brokers for the year 2023:

All the above brokers are required to possess a financial license from ADGM (Abu Dhabi Global Market) or DFSA (Dubai Financial Services Authority). This grants United Arab Emirates forex traders a great layer of protection in the event of any dispute as complaints can be dealt with locally.

Each one of these brokers was analysed using our proprietary methodology.

1. Pepperstone - Best in low commissions and platform variety

Visit

74-89% of retail CFD accounts lose money.

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

Pepperstone's regulatory framework consists of 7 financial licenses from which 4 belong to high tier financial regulators (being one of them DFSA). 

Pepperstone provides over 1,300+ different shares to trade via their multi-platform trading environment (MetaTrader 4 & 5, cTrader and TradingView). Their offer in commissions is extremely competitive and they are definitely a great choice as long as the shares you’re interested in are amongst those 1,300 shares they provide. On the other hand, if what you’re looking for is not there, you may be served better with a different option.

2. Saxo Bank - Best in most trusted financial regulation

Visit

69% of retail CFD accounts lose money.

Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.

Saxo Bank holds 7 financial licenses from the world’s most reputable financial regulators (being one of them ADGM).

Saxo Bank can be an expensive option. Their minimum deposit is much higher than the competition and the account fees can be hefty for a low volume trader. If you’re a high net worth individual and you’re looking for a safe broker that gives you access to over 30,000+ shares, Saxo Bank can be a great choice for you. On the other hand, if you’re not on the ranks for the capital, then there are better choices for you.

3. IG - Best for professional share traders 

Visit

79% of retail CFD accounts lose money.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

IG holds 8 financial licenses from which 7 belong to some of the world’s best financial regulators (being one of them ADGM). Their proprietary platform is customisable and fast and they have all the features a professional trader may be looking for.

If you’re a professional you most likely trade in larger volumes as well. This is a must for using a broker like IG as they charge in-and-out commissions on share trading and the only way to offset them is by trading on larger volumes. On the other hand, if you’re a small trader or investor, you may find them expensive.

4. Swissquote - Best in most assets offered

Visit

74-89% of retail CFD accounts lose money.

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

Swissquote holds 5 financial licenses from mostly high reputation financial regulators (being one of them ADGM). Their asset offering is amongst the most comprehensive with access to over 60 worldwide stock exchanges.

Swissquote’s proprietary platform lacks many features and is not user friendly, their commissions are expensive when compared to other competitors and they are a bit difficult to use. Unless you have a particular reason to access a set of assets that only you can find through them, you’re most likely better served with a different option.

5. City Index - Best for spread betting

Visit

City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

City Index holds 4 high value financial licenses (being one of them from ADGM). They have been around since 1983 and they are part of StoneX group, a publicly traded company on the NASDAQ exchange.

Their offering boasts over 5,000+ assets being most of them shares. An interesting point of City Index is that they also specialise in Spread Betting, which can definitely ease the tax situation for many traders.