Interactive Brokers is an American company offering one of the most popular Trading platforms globally and, yes, Interactive Brokers opens accounts to clients residing in the UAE. However, please note that the platform might not be suitable for Beginners since simplicity is not how you would describe it. It does offer many features for Pro Traders, but if you are not part of a Dealing Desk of a Big Financial Institution, perhaps you might want to try a simpler [And cheaper] option.
CAN I OPEN A TRADING ACCOUNT WITH INTERACTIVE BROKERS IN UAE?
AvaTrade stands out due to its ultra-low spreads and powerful trading platforms compared to other CFD Brokers.
¿Concerned about who's regulating them? With licenses in the EU, BVI, Australia, Japan, South Africa, and UAE, Avatrade is by far one of the most heavily regulated Brokers available in the market. Offering a wide range of CFDs on Shares, Forex, Indices, Commodities, Crypto, and even Bonds, it is one of the most complete Brokers regarding instrument offering. Its remarkable platform allows traders to operate on several trading environments, MT4 and MT5, and their internally developed ones, AvaTradeGo and AvaOptions.
This last one, AvaOptions, deserves a special remark. If you have passed the beginner's line regarding trading knowledge, you are probably using options to hedge your strategy. Well, AvaOptions is one of the best Options Trading platforms available. It is truly remarkable, offering great risk management features that are easily viewable and automatic, making Options trading as accessible as possible.
Opening a Trading Account with Avatrade is very easy; you need to upload a valid ID Card or Passport and a Utility bill through their App, and in a few days, you are ready to go. Go ahead and check out this broker; you won't regret it.
AVATRADE: A GREAT ALTERNATIVE TO INTERACTIVE BROKERS
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