Are you an Emirati trader looking for the best online broker in the United Arab Emirates? Look no further! In this article, we will go over three notable online brokers in the UAE, as well as what they have to offer Emirati traders.
1. GFX Securities
GFX Securities is one of the most dominant and well respected online brokers in the UAE. The firm offers a wide range of trading products and services, including forex, CFDs, and precious metals. It also offers clients the option to trade in cryptocurrency.
GFX Securities is regulated under its Mauritian licence number GB21027073, making it a safe and secure choice for Emirati traders. The firm also offers a variety of account types, including Islamic accounts, which is perfect for traders who want to trade in compliance with Shariah law.
Etoro is another popular online broker in the UAE, with over 10 million registered users worldwide. The firm offers a social trading platform that allows Emirati traders to copy the trades of successful traders.
Etoro is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). The firm offers a variety of account types, including Islamic accounts.
XM is a leading online broker with over 2 million clients from 196 countries. The firm offers forex and CFD trading on a variety of asset classes, including precious metals, energies, and indices.
XM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). The firm offers a variety of account types, including Islamic accounts.
So who wins in this Share Trading Platform showdown?
Emirati traders have a variety of options when it comes to choosing an online broker. All of the brokers listed above are safe and secure choices that offer a variety of account types, including Islamic accounts. However GFX Securities is leading the way due to its standout 4.5 star rating on Google Reviews.
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