Best UAE CFD Brokers For Regulation

Is Forex.com a good CFD trading platfom in the UAE?

Overall, an excellent CFD trading platform with lots of markets 25 commodities, with spreads as low as 0.8 for gold trading and 0.3 for crude oil. If you are a forex trader, then Forex.com’s trading signals, platform and trading performance data make it one of the best platforms for currency trading.

Is Forex.com CFD trading OTC or DMA in the UAE?

You can trade real CFDs in the UAE with forex.com as they are regulated by the DFSA and have a local office in Dubai. Forex.com is owned by NASDAQ listed StoneX and is one of the largest forex brokers in the world.

Forex.com is properly regulated by the DFSA Reference Number: F000542 and have a local UAE office with their parent companies (StoneX): Office 48D Almas Tower Jumeirah Lakes Towers PO Box 125942 Dubai, UAE

Can you trade CFDs with Pepperstone legally in the UAE?

Yes, is it legal to trade CFDs with Pepperstone in the UAE as they are regulated by the DFSA and have a local office in Dubai.

Pepperstone focus on MT4 and automated trading strategies and cater to high-net-worth individuals (HNWIs) in the Gulf states and the wider Middle East, who want to trade CFD on popular local markets like Oil and Gold as well as the most popular international indic

DFSA Reference Number: F004356

UAE Address: Pepperstone Financial Services (DIFC) Limited – Office 1502, Al Fattan Currency House, Tower 2 – Dubai – United Arab Emirates

Is Capital.com any good for trading?

Capital.com has a user friendly and intuitive trading platform and app, that gives access to the most popular financial markets with competitive spreads with the ability to reduce risk by decreasing your leverage. Trading via the app has always been capital.com’s forte, and in 202, it won our award for “best trading app” not in part due to the fact that the company CTO has extensive experience in building engaging apps like Candy Crush.

What makes Capital.com different? Thumbs up, literally

Do you know what one of the most impressive thing about Capital.com is? They put the buy and sell buttons at the bottom of the app.

I don’t mean that in a facetious way, it’s genuinely a brilliant feature.

This may not sound like much but it’s a good example of how Capital.com has integrated decades of analytics, experience, feedback and customer data into creating a very easy-to-use intuitive trading app from scratch.

When Capital.com first became authorised by the FCA back in 2018, I visited their offices in London to have a chat about what they offer. The two main things we discussed were button placement and AI.

Trading App

But anyway, if you’ve updated your iPhone to the latest iOS you’ll notice that Apple has started moving things to the bottom of the screen, the search bar for instance. This is because, phones are getting bigger, and your thumb can’t reach the top of the screen if you are holding it with one hand. This is something that Capital.com figured out would make trading easier 5 years ago. I’ve just been through a bunch of other trading apps on my phone and still, amazingly enough, none of the other brokers have done this yet.

Capital.com was also the first to integrate artificial intelligence to help you improve your trading, they say, based on the Martingale theory. When I spoke to Chris Demetriou, the head of sales in the UK, he said that the system should give you prompts based on your previous trades. So for example, if you are about to do a trade that is similar to ones you have constantly lost on before, you should get a “are you sure you want to do this” notification.

Leverage Control

Everybody knows, that one of the main reasons people lose money when trading is overleverage. This could be either from not having enough free cash on account to give your position breathing space, or simply putting on trades that are too risky. One really good feature is that you can change your leverage based on asset class. The default leverage is the max that retail traders in the UK are permitted, but you can change this to 1:1 so you need to fully pay up for positions. A sensible thing to do if you are just getting started, which can help reduce excessive losses. As your experience grows you can increase your leverage accordingly.

Hedging

You can also set the platform to put on hedging positions, so you can be long and short the same thing at the same time. Why you ask? Well, it can help you run longer-term positions and short-term hedges. This in fact is the very point of CFDs. They were originally hedging tools, and still a good way to protect your long-term investment portfolio against short-term market corrections without having to close off your positions.

Customer Support

Customer support is pretty good too, you can get in touch via the chat widget on the platform, whatsapp or telegram. When I tested it I got a response within a minute and the issue I had was dealt with quickly (uploading ID to verify my account if you must know).

TradingView

You can’t trade from the charts, but when you have open positions they are overlayed along with your stops and limits, which you can move by dragging and dropping. But, if charting is your thing, you can join the other 78,000 Capital.com customers using and trading from TradingView.

Proprietory Tech

One thing I quite like though is that instead of relying on third-party software, the Capital.com trading platform is built in-house, and if you want something you can ask for it. For example, previously on the app you could see where an asset is as a percentage relative to the daily range. But, a customer asked, if you could see it in points too. So, that was quickly integrated so that you can now toggle between percentages and points. A small thing, but indicative of a broker that can do things and does do things, rather than just logging a helpdesk ticket.

Refinitiv

There are no trading signals on the platform or app, but you do get access to Refinitiv reports on US stocks, which give you a good overview of historic and potential future financial health. A good feature for those looking at slightly longer-term positions.

Overnight funding

Talking of long positions, or longer long positions, Capital.com also display quite clearly what your overnight financing rates are going to be on a daily basis. I’m sure this is a regulatory obligation anyway, but it’s done in a way that you can actually see what the price is, rather than an opaque formula. It gives a bit more transparency about how much a position is going to cost you.

Investmate

If you are new to trading, they have a stand-alone app called Investmate, which puts you through a series of bitesize courses that explain the financial markets. Capital.com also own currency.com if you fancy a punt on crypto, and shares.com so we can expect to see more comprehensive physical investing options soon.

Is CFD trading on Plus500 legal in the UAE?

Yes, it’s fine to trade CFDs with Plus500 in the UAE as Plus500AE Ltd is regulated by the CFTC (NFA ID number 0001398).

Plus500’s trading platform has evolved nicely over the years from a simple interface to an intuitive execution venue for CFDs on the major markets and stocks.

Pricing: It’s dynamic so moves with the market for minimum spreads
Market Access: Very good, Plus500 are always first to try new asset classes
Platform & Apps: Basic execution, but it does the job well
Customer Service: Plus500 doesn’t have a phone option, but its live chat is sufficient
Research & Analysis: Some sentiment, but limited education and analysis.

Overall, Plus500 is a good CFD trading platform for UAE traders who want to buy and sell CFDs on major markets. The broker does provide sentiment indicators and are quite transparent with costs and fees.

Is CFD trading allowed with CMC Markets in the UAE?

Yes, it is fine to trade CFDs in the UAE with CMC Markets as they have a local office in Dubai and are regulated by the DFSA. DFSA Reference Number: F002740

CMC is a good CFD broker for traders who want a sophisticated and fast trading platform with unique sentiment trading tools.

CMC Markets Connect, established its physical presence in the UAE in 2019 and rebranded in January 2021. With the expanded office, CMC Markets aims to continue building its reputation in the Middle East and support its existing clients in the region. Richard Elston, the Group Head of Institutional at CMC Markets Connect, expressed confidence in the new office, highlighting the UAE’s growth as a global financial hub.

CMC Markets UAE Address: CMC Markets Middle East Limited. Unit 2903, Level 29, ICD Brookfield Place, DIFC, PO Box 507183, Dubai, UAE

Is Saxo regulated for CFD trading in the UAE?

Yes, you can trade CFDs with Saxo in the UAE as they are regulated by the DFSA and have a physical office in Dubai. In fact, Saxo markets offer one of the best CFD trading platforms in Dubai for small and large customers on their robust SaxoTradeGo trading platform. the key advantage of trading CFDs with Saxo is that you get DMA access and can place CFD orders directly on the exchange order book for better pricing.

SaxoTraderGO, offers charting with 50+ technical indicators, integrated Trade Signals, and innovative risk-management features. Key to Saxo’s UAE offering is that Saxo Bank has a strong reputation with over 30 years of experience, serving 1,000,000 satisfied customers.

Saxo DFSA Reference Number: F001014

UAE Address: Saxo Bank (Dubai) Ltd. Boulevard Plaza – Tower 1 30th floor, office 3002 Dubai Downtown, Burj Khalifa area Dubai, UAE

Is CFD trading with IG allowed in the UAE?

Yes, you can trade CFDs in the UAE with IG as they are regulated by the DFSA and have a local office in Dubai. DFSA Reference Number: F001780

Overall, IG is a good CFD broker for UAE traders who want deep liquidity on a wide range of markets. Plus their expansion into the UAE demonstrated IG’s commitment to serving the growing demand for online trading services in Dubai and further solidified its position as a leading broker in the industry.

IG UAE Address: IG Limited – Level 27, Currency House – Tower 2, Dubai International Financial Centre, Dubai, 506968, United Arab Emirates

Summary

Pricing: You can trade with zero commissions and no monthly fee on Nemo, plus there is no charge for deposits or withdrawals over $1000.

Market Access: You can invest invest in over 6,000 US and global stocks, plus 2,000 ETFs

App & Platform: Nemo Money is app only, there is no desktop version at the moment.

Customer Service: Customer service is handled on the app, but there is no phone support.

Research & Analysis: Nemo has some pretty good tools for opportunity discovery. Through the discover page you can find suitable investments, and then dive a bit deeper through their fundamantal analysis tools. NemoAI, also lets you ask questions to explain the data.

Nemes are a great way to invest in themes like AI, growth stocks or dividend plays. The Nemo stock finder can also help you filter stocks by market cap, sector, potential profitability, growth/dividends and analyst recomendations.