Many people always seek to find the best reliable trading sites in the UAE for citizens and residents of that sister Arab country in order to open direct trading accounts with companies and before that get to know the details of those companies.
Investing in trading companies in the UAE
Starting with the United Arab Emirates, which is one of the countries that attract local and foreign investments, specifically the Emirate of Dubai in addition to the Emirate of Abu Dhabi.
At a time when the country is receiving great attention in terms of the cryptocurrency trading market, and recently, over the past few years, it has become one of the countries that sponsor licensed trading companies that hold trading licenses from some bodies such as Dubai Financial Services as well as the Abu Dhabi International Financial Center.
While the trading companies located in the UAE are not limited to that, but there are other international companies that have obtained their licenses by high-quality bodies such as the Cyprus Securities and Exchange Commission, which is known as CySEC.
When a person makes a decision to trade in the Arab countries, the search for the best reliable trading platforms in the UAE and other Arab countries begins in order to trade stocks, currencies and other assets.
Recently, many different trading companies and platforms were licensed in the UAE, which works to provide all services for trading digital currencies as well as cryptocurrencies, which made these giant Arab countries the first countries to obtain licenses for international brokerage companies.
Read also: Best Cryptocurrency Trading Sites in Saudi Arabia
The best reliable trading sites in the UAE
The UAE provides investors with the necessary legal protection in order to protect them and its citizens as well and to ensure that everyone trades on trusted legal companies and platforms without fear or anxiety.
Since the past years, the UAE has also offered trading companies licensed from third parties and the best platforms that only need some things from the person at the time that allow him to trade.
As for the best reliable trading companies in the UAE, which offer investors and citizens the opportunity for safe trading, they are as follows:
FXTM Company
The first company that we will talk about is FXTM, which is one of the most prominent trading companies that can be used as it is licensed by a large number of authorities, the Spanish regulator CNMV in addition to the Cypriot regulatory authority CySEC and other companies.
Those wishing to invest can open any of the demo accounts with the lowest deposit amount, which is only one US dollar, with the company having a great advantage that it does not get any commission for withdrawal.
Read also: How to open an investment account in Al Rajhi Bank
eToro . company
The second company that we highlight is eToro, which came to light in 2007 and has become one of the licensed trading companies in the UAE that is subject to a large number of different official and trusted regulatory bodies based on the licenses held by the famous trading platform company eToro.
eToro also has several branches in many countries around the world. Each of which provides trading services and its affiliates to the region or territory in which each eToro branch is located.
Any of the investors or people wishing to trade can create such accounts with a payment of only 50 USD, knowing that the company will not get any commission during the withdrawal and it has Islamic accounts that citizens can use with great ease.
AvaTrade Company
We have not yet finished highlighting the best and trusted trading sites in the UAE and now we come to the dark of trading in the UAE; AvaTrade, Inc. It appeared before people in 2006 for the first time and was licensed by some international bodies such as the Financial Sector Conduct Authority (FSCA) as well as the Abu Dhabi Global Market (ADGM).
The company offers people the opportunity to get a demo account in exchange for a deposit of $100, With the need to clarify that that company, too, will not receive any commission for the withdrawal.
Exness company
The last company that we will talk about in our article is Exness, which has become one of the major international companies that allow investors to trade various operations at a time when it has succeeded in being among the largest financial brokerage companies in the United Arab Emirates.
The company has obtained documentation by major international bodies in the world, and a person can open a demo account in return for depositing a sum of money of only 10 US dollars.
Is forex trading legal in the UAE?
In the event that you need to carry out forex trading operations within the United Arab Emirates by licensed and trusted trading companies in the country, then you have gone to the legal option and there is no violation of trading.
The reason for this is that the companies licensed in the UAE by the Abu Dhabi Financial Market are allowed to conduct trading operations through any of the different forex brokers.
Also Read: Bitcoin Trading Guide for Beginners 2022
Does a person need a bank account to open a trading account in the UAE?
One of the questions that have appeared on the scene recently is do I need a bank account to open a trading account in the UAE? The answer here is yes, you must open the account so that you can transfer profits and deposits to and from the wallet for the trading process after the completion of the trading operations.
Finally, we have come to the end of our article, in which the best reliable trading sites in the UAE were highlighted, in addition to answering some questions about trading operations in the UAE.
