5 Best United Arab Emirates (UAE) Stock Brokers List

Updated May 10 2022

5 Best United Arab Emirates (UAE) Stock Brokers List

Here’s our selection of the 5 Best United Arab Emirates (UAE) Stock brokers for the year 2022:

Broker Reason
Pepperstone Best in low commissions and platform variety
Saxo Bank Best in most trusted financial regulation
IG
Best for professional share traders
Swissquote Best in most assets offered
City Index Best for spread betting

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 along with the TTBTrust score (our proprietary safety scoring system) prior to being ranked using our comparison tool.

1. Pepperstone - Best in low commissions and platform variety

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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.

Key data
Stocks1,300 +
Commissions
  • For Standard account : All fees included in the spread
  • For Razor account: From $7 per Lot round turn
Minimum Deposit$200
Financial Regulators
  • BaFin (Germany)
  • FCA (UK)
  • ASIC (Australia)
  • DFSA (United Arab Emirates)
  • CySec (Cyprus)
  • SCB (Bahamas)
  • CMA (Kenya)
MT4Yes
MT5Yes
cTraderYes
TradingViewYes
Proprietary PlatformNo

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

The GoodThe Bad
  • Well regulated on several jurisdictions
  • Low latency, fast execution under 30ms
  • Competitive spreads and low commissions from 0.0 pips on their Razor account
  • Avaliable asset offering is not that comprehensive
  • No ability to purchase real stocks or cryptocurrencies, only CFDs

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

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65% 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.

Key data
Stocks30,000+
Commissions

$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract

Minimum DepositFrom 500 € to 2,000 € depending on residence
Financial Regulators
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
MT4No
MT5No
cTraderNo
TradingViewYes (through API)
Proprietary PlatformYes

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

The GoodThe Bad
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures

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 

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73% of retail CFD accounts lose money.

IG is a global broker established in 1974 that holds 10 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.

Key data
Stocks

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

Commissions

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Minimum Deposit

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

Financial Regulators
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
MT4Yes
MT5No
cTraderNo
TradingViewNo
Proprietary PlatformYes

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.

The GoodThe Bad
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders

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

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79% 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.

Key data
Stocks60 Stock Exchanges
Commissions

For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.

Minimum Deposit

Varies per account type and selected trading platform. From $0 up to $5,000.

Financial Regulators
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)
MT4Yes
MT5Yes
cTraderNo
TradingViewYes
Proprietary PlatformYes

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.

The GoodThe Bad
  • Outstanding asset offering with more than 60 exchanges across the world
  • Amazing research and analysis tools for all trader levels
  • Thematic investments with preconfigured product baskets
  • Offers banking services along with debit card
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use

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

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.

Key data
Stocks4,500+
Commissions
  • Spread betting markets have no commission
  • CFDs or FX trading has no commission as well (except equities: shares & ETFs)
  • Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well)
  • The minimum equity commission rates are $10, £10 or 10€.
Minimum Deposit$, €, £ - 100
Financial Regulators
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ADGM (United Arab Emirates)
MT4Yes
MT5No
cTraderNo
TradingViewYes
Proprietary PlatformYes

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.

The GoodThe Bad
  • Very intuitive order placement panelEasy to execute a trade through various markets
  • Professional web platform with customisable workspaces
  • Integrated Reuters news feed directly in the platform
  • All assets are CFDs, there is no possibility to buy real stocks or ETFs
  • Cryptocurrency offering is below most of its competitors (only 5)
  • While easy to execute a trade, platform is difficult for a novice to navigate

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.

Author

Stefano Treviso

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74-89% of retail CFD accounts lose money.