Tarun Nagar The pandemic era has completely changed how people invest in UAE and other regions. Since the pandemic, millennials have started micro-investing in stocks, increasing the demand for UAE trading platforms. According to the research, online investment services saw a rise in users by 55%, most of whom were aged 34 and above. Users simply search for the best trading apps in UAE and start trading. As a result, businesses got the golden opportunity to develop an online trading app without investment.
So, if you also want to grab this amazing opportunity and want to build a trading app for your business, this blog is a must for you. It talks about the best online trading platform in UAE that every business owner must know before developing one.
What are Trading Platforms?
Users can purchase, sell, and manage financial assets including stocks, options, currencies, commodities, and cryptocurrencies through best money-making apps in UAE. These platforms give traders the resources they need to place trades, keep an eye on market trends, and evaluate market movements.
Businesses should build an online trading platform with features like order management, risk management choices, graphing tools, and real-time data. While some platforms offer sophisticated tools and market access to large clients, others target regular trading. Examples include cryptocurrency platforms like Binance, or eToro which is the best stock trading platform in UAE.
Users can trade more easily at any time and from any location with the best algo trading platform that are web-based or mobile applications. They are necessary for contemporary financial operations and investing.
Top 20+ Trending Online Trading Platforms
The following is the list of the top 10 best trading apps currently trending in UAE. So, whether you are looking for a trading app to earn money or develop a trading app, the following list will help.
1. eToro
eToro is founded in 2007 which is one of the best online trading platform in UAE. Its robust and cutting-edge features allow UAE users to copy single trades and the entire portfolio from leading investors and traders. This trading app for android was initially named Retail FX. The platform allows users to open accounts, advance social trading, and commission-free stock trading.
Features
- Multi-payment option
- Super-fast registration and KYC onboarding
- Zero commission stock trading
- Crypto exchange & brokerage services
Benefits:
- Access to 4000+ tradable symbols
- Best social trading app
- Amazing cryptocurrency trading features
- Helpful customer support
2. AVATrade
When choosing the best CFD brokers in UAE, AVATrade tops the list. It is the best platform for trading in UAE and the best stock trading and investment app, due to which UAE users can access 1400+ tradable symbols. AVATrade also offers a great selection of social trading solutions via third-party apps.
Features:
- Access to the full meta trader suite
- Unique copy trading feature
- Advanced mobile trading app
- Access to 44 forex options & 1250 CFDs
Benefits:
- Free deposits and withdrawals
- Access to 1400+ tradable symbols
- Secure and quick account opening
- Advanced trading tools
3. Forex.com
Forex.com is one of the best trading platforms in UAE with CFD broker and global FX trading services. Currently, this best free trading platform works in around 180 markets. UAE traders who are looking for the right selection of currency pairs can choose Forex.com.
Features:
- Award-winning mobile trading app
- Advanced charting & performance analytics
- 4550 CFDs & 5500 tradable symbols
- Personal customization & easy-to-use
Benefits:
- Huge market coverage
- Responsive customer support
- Competitive commission structure & fee
- Advanced trading, charting, & performance analytics
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4. IQ Option
IQ option is the best trading platform in UAE and has around 40 million users worldwide. It is an award-winning mobile trading platform having a clean and intuitive interface. The best thing about this trading app is that it offers social trading in the Arabic language, which enables UAE users to copy portfolios from leading traders and investors.
Features:
- Access to 3000+ tradable symbols
- User-friendly platform
- CySEC regulated and licensed
- $10 minimum deposit & $1 minimum trading
Benefits:
- Fast & secure 2trade execution
- Free demo account
- Multi-chart platform layout
- All-time customer support
5. Saxo Bank
This platform for online trading with zero investment offers the best package for UAE investors and traders. While choosing this best online trading app without investment, users can experience cutting-edge trading paired with an exclusive interface and amazing trade execution. Businesses can develop a mobile app similar to Saxo Bank to gain financial benefits.
Features
- Fast trades execution
- 40.000 tradable symbols
- Advanced account protection
- Advanced features & easy to use
Benefits:
- Competitive fee structure for active traders
- Industry-leading market coverage
- Easily accessible mobile trading app
- Excellent trading features with SaxoTraderGo
6. Capital.com
UAE traders looking for a discount broker with advanced trading tools and a premium interface can choose Capital.com. You can develop the best trading app to earn money that offers a huge selection of different assets by hiring a fintech app development company in UAE.
Features:
- Zero inactivity fees
- Patent AI trade bias system
- $20 minimum deposit
- 477 cryptocurrency CFDs & 6.000 tradable symbols
Benefits:
- New age mobile trading app
- Award-winning research section
- Real-time market updates
- Hedging and risk management tools
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7. StormGain
StormGain is of the best trading apps for Crypto that offers a convenient solution to those traders who want to earn profit from long-term investments in crypto assets. You must know the cost to build an online trading app similar to StormGain that can be accessed via any device, enabling traders to begin trading the most popular and capitalized coins of up to 200x.
Features:
- User-friendly platform
- Zero withdrawal fee
- Simple & straightforward account opening
- Lowest market fees
Benefits:
- Convenient & easy-to-use interface
- Zero commission & low-interest fees
- 24/7 access to trading platforms
- Best market standard
8. Swissquote
It is a Swiss investment bank established in 1996 and listed on the SIX Swiss Exchange since 2000. Businesses should invest in mobile application development to create another best trading app that offers multiple services, including Forex, CFDs, and more. But managing crypto wallet app development cost is necessary.
Features:
- Data transparency & price accuracy
- Zero account inactivity fee
- Great trading education tools
- Access to a large pool of products and market
Benefits:
- Safe and secure trading platform
- Excellent customer support
- No fees for account inactivation
- Convenient & easy-to-use interface
9. Robinhood
It is the first-ever best trading apps with no commission stock trading and slashing commissions to $0. Hire an on demand app development company for utilizing Robinhood’s ability to make ETF trades and penny stock investing makes it the best trading app to earn money.
Features:
- Commission-free trades on ETFs, options and cryptocurrency
- No account minimums and free stock upon signing up
- Safe & secure access on all devices
- Great trading education tools
Benefits:
- Intuitive & easy-to-use interface
- Commission-free trading on Crypto & ETFs
- Desktop and mobile access
- Responsive customer support
10. Webull
Webull is the best trading app for beginners and came into the stock trading world in 2018 and started challenging the Robinhood market share. Investors can make an online trading app that provides commission-free trading on ETFs, options and cryptocurrencies.
Features:
- Free equity, advanced reporting, & in-depth analysis
- No stock trading commissions
- Intuitive interface
- Best-suited for immediate traders
Benefits:
- Zero stock trading commission
- Responsive & helpful customer support
- Strong technical analysis tool
- Secure and easily accessible interface
These are the top 10 best trading apps for Crypto, stock trading, and more. Now that the list is in front of you pick the best suitable trading app, and invest in it. Besides this, if you are looking forward to build a platform for online trading with zero investment, refer to the following development approach.
11. TD Ameritrade
TD Ameritrade is a UAE trading app that provides advanced trading tools and educational resources for traders at all levels. It allows users to trade a wide variety of financial instruments, including stocks, options, and ETFs. By using custom web development services you can make similar web platforms to assist users in decision-making.
Features:
- Comprehensive trading platforms (think or swim)
- Paper trading accounts for practice
- Detailed charting and technical analysis tools
- Access to market research and news
Benefits:
- No account minimum
- Advanced trading tools for experienced traders
- Free access to educational resources
- Excellent customer support
12. Interactive Brokers
Interactive Brokers is known for providing a highly sophisticated trading platform for experienced traders. You can build an online money earning app to deliver a wide range of global markets. A Dubai broker app includes stocks, options, futures, and forex, with competitive commission rates.
Features:
- Access to 125+ global markets
- Advanced order types and risk management tools
- Low margin rates
- Mobile trading app
Benefits:
- Professional-grade trading tools
- Low fees and commissions
- Global market access
- Comprehensive research and educational resources
13. Fidelity
Fidelity is one of the most comprehensive equity trading platforms offering trading services for stocks, bonds, mutual funds, and ETFs. Businesses must develop an online trading app with a high customer service, low fees, and a robust research suite that benefits traders of all levels.
Features:
- Low-cost trading
- Access to mutual funds and ETFs
- Research tools and market insights
- Retirement accounts and portfolio management
Benefits:
- No account fees or minimums
- Access to high-quality research and tools
- Commission-free trades on many securities
- Excellent retirement and wealth management options
14. Charles Schwab
Charles Schwab provides a full range of trading options, including stocks, options, ETFs, and mutual funds. It is among renowned online trading platforms with strong customer service and low-cost investing solutions. So, using sophisticated mobile app maintenance services is mandatory to update features regularly for long-term investors and active traders.
Features:
- Commission-free trades on stocks and ETFs
- Advanced trading platform (StreetSmart Edge)
- Automated investing through Schwab Intelligent Portfolios
- Access to retirement accounts
Benefits:
- No commission on stocks and ETFs
- Strong educational resources for beginners
- Low account fees
- Comprehensive investment tools
15. Plus500
Plus500 is a CFD trading platform that provides access to a wide range of markets, including stocks, forex, commodities, and cryptocurrencies. For creating the best crypto trading platform for beginners, you should approach an Android app development company in Dubai.
Features:
- CFD trading on a wide range of assets
- Real-time market data and advanced charts
- Risk management tools (stop-loss and limit orders)
- No commissions or fees on trades
Benefits:
- Easy-to-use interface
- Demo account for practice
- Zero commissions on trades
- Global market access
16. Binance
Binance is one of the largest cryptocurrency exchanges globally, offering users the ability to trade a wide variety of digital assets. It is the best bitcoin trading platform in UAE that provides advanced tools like margin trading, making it suitable for both new and experienced traders.
Features:
- Wide selection of cryptocurrencies
- Advanced trading options (spot, futures, staking)
- Mobile app with easy access to trading
- Low trading fees
Benefits:
- High liquidity and fast execution
- Comprehensive educational resources
- Secure platform for digital asset trading
- Advanced charting tools
17. Coinbase
Coinbase is a beginner-friendly and the best forex trading platform in UAE that allows users to buy, sell, and store digital assets securely. It is favorable to hire mobile app developers to create an online trading app with enhanced user experience and educational tools. So, to help users understand the motive of exchange app development services.
Features:
- Supports a variety of cryptocurrencies
- Integrated wallet for secure storage
- Advanced trading features on Coinbase Pro
- Easy fiat-to-crypto transactions
Benefits:
- Beginner-friendly interface
- High security with two-factor authentication
- Educational resources for new traders
- Access to advanced trading options
18. Kraken
To get robust security measures and range of available coins, users have the choice to use Kraken which is the best online trading platform in UAE. It provides trading for both beginners and advanced users. So, to implement advanced charting and margin trading options you should target on demand app development solutions in UAE.
Features:
- Wide range of cryptocurrencies and trading pairs
- Margin and futures trading options
- Advanced charting tools
- Strong security features (2FA, cold storage)
Benefits:
- Low fees for trading and withdrawal
- High liquidity and order book depth
- Comprehensive educational resources
- Secure and regulated platform
19. MetaTrader 4 (MT4)
MetaTrader 4 is one of the most widely used platforms for trading forex and CFDs. It is the best online trading platform in UAE which is renowned for its customization options, extensive charting tools, and automated trading capabilities.
Features:
- Advanced charting tools and technical indicators
- Automated trading via Expert Advisors (EAs)
- Supports multiple order types
- Available on desktop and mobile
Benefits:
- Flexible and customizable trading platform
- Wide range of supported assets
- Access to automated trading
- Real-time data and news integration
20. Trade Station
TradeStation is the best platform for trading in UAE that specializes in stocks, options, futures, and cryptocurrencies. So, businesses must use hybrid app development services to deploy TradeStation clones for targeted users. Known for its advanced tools, it is well-suited for professional and active traders.
Features:
- Advanced trading tools and charting
- Paper trading for risk-free practice
- Market research and analysis tools
- Access to multiple asset classes
Benefits:
- Tailored tools for active traders
- Low-cost trading options
- Extensive educational resources
- High-speed trade execution
21. Wealthfront
Wealthfront is a robo-advisor that allows users to invest in a diversified portfolio based on their risk tolerance and financial goals. It is the best online broker trading platform with AI automation services. Investment of money in online money earning app development allows you to provide automated investment management and personalized financial planning to users.
Features:
- Automated portfolio management
- Tax-loss harvesting and financial planning tools
- Risk assessment and asset allocation
- Mobile app for portfolio tracking
Benefits:
- Low fees and no minimum balance
- Automated investing with expert management
- Personalized financial advice
- Long-term investment strategies
Step-by-Step Process to Develop the Best Trading Apps
Are you planning to develop the best stock trading and investment apps but don’t know where to begin? Don’t panic! Here is the step-by-step process that will help you build the perfect and best free trading platform in no time.
Step 1 – Plan & Define Project Scope
Before developing any mobile app, you need to have a solid plan and project scope. Similarly, when you plan to build the best trading apps, make sure you have a future plan. It will ensure a smooth trading app development process. Whether you are getting the work done by mobile app development company professionals or doing it yourself, following this step is a must.
Step 2 – Secure Your Trading App
When building a stock trading app, security must be a high-priority consideration for you. You must implement the latest tools and technologies, including multi-factor authentication, bank-grade encryption, next-generation firewalls, and more. Also, secure your APIs for the best trading app experience.
Step 3 – Think of Unique Development Approach
Today, many people are planning to develop the best app for cryptocurrency trading, so thinking of a unique development approach is crucial to winning the competition. So, it is recommended to use managed cloud services like MBaas & PaaS to expedite development. Also, you can hire dedicated developers who can craft a perfect trading app for your business.
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Step 4 – Integrate Third-Party APIs for Non-core Features
There are some non-core features of trading apps that cannot be integrated directly, and this is where you might need third-party APIs. Using 3rd party API solutions will help you access market data which further smoothens the trading mobile app development process.
On the other hand, you can also design and develop APIs to implement these features to use the full range of your business capabilities.
Step 5 – Create A User-Friendly Interface
Besides focusing on the app development process, put some light on the designing process. Try to offer simple yet interactive UIs to your app users, as it will increase user engagement and help you earn more profit from the trading app. A new trading app with unique features and functionalities has more chances of grabbing market attention, so think of it.
Step 6 – Test & Deploy Trading App/Platform
Finally, it is time for some quality checks when you are done with the development and designing process. To create one of the best trading apps, it is essential to launch it completely error-free. So, conduct extensive testing of your trading app to eliminate all the errors before launching it. Finally, when the testing is completed, successfully upload it to the Google Play Store or App Store, depending on the application’s compatibility.
These six simple development steps that if followed properly, will help you create a perfect trading app in UAE and other regions. So, focus on these steps or hire a leading trading app development company professionals who are already well-versed with these steps.
Closing Thoughts!
The market for trading apps is increasing significantly; however, the competition is high. So, businesses need to think out-of-the-box to develop unique and the best trading apps in 2022 and beyond. Now that you have the list of the top trading platforms and the development approach, it is high time to take action. Consult the top trading app development company in UAE, share your project requirements, and get a well-developed trading app in hand.
FAQs
1. What are the Top Online Trading Platforms in UAE?
eToro, IG Group, Saxo Bank, and TD Ameritrade are a few of the top online trading platforms in the United Arab Emirates. Stocks, commodities, and cryptocurrency are just a few of the many investing alternatives available on these platforms. They also offer user-friendly UI and sophisticated trading tools.
2. Are These Platforms Secure for Trading?
In order to protect customer data and cash, the leading trading platforms in the United Arab Emirates use encryption technology and comply with financial rules. Safety and compliance are ensured by the regulation of numerous platforms by organizations such as the Dubai Financial Services Authority (DFSA).
3. Do Online Trading Platforms Available on Mobile Apps?
The majority of leading trading platforms enable customers to trade while on the go by offering mobile apps for iOS and Android. They include features like:
- Order management
- Account monitoring
- Real-time tracking of market data
- Easily accessible from any location.
4. What are the Multiple Assets Trading Options on These Platforms?
- Access to a variety of assets such as stocks, FX and ETFs.
- Invest in commodities and cryptocurrencies is provided by numerous platforms in the United Arab Emirates.
- Additionally, some give traders access to global marketplaces, increasing their options for investment.
5. What are the Fees and Commissions on UAE Trading Platforms?
- The platform and asset class have an impact on fees and commissions.
- Asset commission, transaction fees, and overnight lending expenses are examples of typical fees.
- It’s critical to examine each platform’s pricing schedule to select based on trading preferences.
6. Are These Platforms Beginner-Friendly?
Indeed, a lot of sites, like eToro and IG Group, are made with novices in mind. To assist novice traders in learning the fundamentals of trading and honing their craft, they provide educational materials, demo accounts, and user-friendly interfaces.
