Investment apps create a facility to invest funds in the shares of companies. In the UAE, there are various investment apps that are used by investors. Here in this article, we discuss the six best investment apps. There are seven factors that are focused which include trading in commodities, trade score, funding method, platform, enabled Islamic account, min deposits & joining bonus. Below are the best investment apps in the UAE and Dubai.
- Pepperstone
- Saxo Bank
- eToro
- AVAtrade
- IQ option
1. Pepperstone
It is the most reliable forex app with CFD online brokers facility as it is very much famous as a diverse platform for trade. It has the facility of less margins, quick mode of opening account, advanced trade tool mechanisms and others. There are many assets that Pepperstone can do trading with like forex trade, cryptocurrency, share market, index funds and commodity market. Pepperstone is the most reliable trading platform for all professionals and traders.
It provides MetaTrader & cTrader with many self-induced and self-explanatory add-on services, It uses the MT4 & cTrader mobile app as they do not have a proprietary mobile apps platform. Pepperstone has very few deposits and high consumer satisfaction. The facility of efficient customer satisfaction, good keen research and enhanced education tools promote the success of Pepperstone.
2. Saxo Bank
Saxo Bank was formed in 1992, this app carries low-risk online brokers which is very well regulated by the banks which include FSC from Australia, JFSA from Japan, FCA from the United Kingdom, FINMA from Switzerland and ASIC. Saxo Bank is the best trade platform for doing forex and CFD trading. It is very well known for its SaxoTraderGO platform. It offers competitive rates which have 40k trade instruments. The User rate the experience as efficient and great with a special trade platform it provides at competitive price. The deposit amount for opening is USD 10,000 with GBP 500 for the UK and SGD for Singapore.
This bank goes with high-quality research with top providers which give out the best research experience. The UAE investors are offered efficient customer service and they are also provided with a facility to do trading which is in compliance with Sharia Law. This can be done by using an Islamic account. Helpline support is available in the Arabic Language and help is provided through email or directly in local offices.
Click here for Investment lessons you should learn from Successful Investors
3. eToro
eToro is one of the safest online trading platforms in the UAE. This app is regulated by the top finance regulators. eToro is very famous for commission free trade, it features a rich trade platform and high-end social copy trading facility. The portfolios which are built from the other trading platforms can be copied onto the eToro trading platform. It allows the engagement of the investors where the platform for comment section is provided on the app.
eToro provides a different range of CFDs which are in stock, currency, commodities and indices. There are a wide variety of trading spreads provided by eToro and these include free deposit and low minimum account. Conversion fees and account inactivity fees are common. The technological tools are common, they have charts and they provide customer support using chatting and email service.
Click here for Best courses on Investment 2022
4. AVAtrade
In the year 2006 AVA trade was founded in Dublin. It has a great history of online brokerage. It offers a range of services from average to competitive fee spreads. It provides different services like trade in currency and CFD stock. There are many online trading platforms that are focused on traders with a wide range of experience and high skill levels.
Free deposit and withdrawal facility with minimum deposit amounts. The trading platform charges fees for overnight finance and account inactivity fees. Educational and research sites provide many free classes, online videos, market analyzing classes and others. Quick customer service, through calls, chatting and email services are available. This trading platform is regulated in 6 jurisdictions of UAE from the year 2021.
5. IQ option
For options trading IQ option is the best online trading platform. It is the best sophisticated trade platform which provides a free demo of an account. Dedicated and responsible staff workaround to provide customer service. It provides a high platform for traders who look out for investing in the options market. It has an easy to use platform with rich and advanced technology.
The trade experience is enabled on the web, desktop and mobile platforms. It is easy to navigate and quick and efficient where beginners can trade and also professionals can do trading. A great platform for those who want to trade and invest in the options market. It provides a great experience for easy navigation and rich features on the platform.
Takeaway
The regulatory body for online investments in the UAE is SCA also called the Securities Commodities Authority. Non-banking finance activities are handled by the authority which includes forex trade, cryptocurrency trade and CFD. Licenses and market growth are handled by the SCA. The forex activities are overseen by the Central Bank of UAE. It is recommended to use licensed trading platforms as you will be safeguarded from the forex scam.
About the author
Vinay Kumar Goguru is a finance professional with more than 8 years of diverse experience as a researcher, instructor and Industry work experience with both public and private entities. Prior to MyMoneySouq, he spent 6 years in Berkadia, It's a commercial mortgage banking company. He has a "Doctoral Degree in Commerce" and two master's degrees with a specialization in Finance, one as Master of Commerce and other as Master of Business Administration. He has written several articles on personal finance, published by different International journals. He loves traveling, reading and writing is his passion. He has a dream of writing a book on his favorite finance topics.
