How to choose the best broker in UAE in 2022? Now mobile applications for trading and investing significantly simplify the life of a novice and continuing investor. If you plan to create a passive investment portfolio, then it is quite enough to choose a suitable mobile application for yourself.
Best broker in UAE
In this article we will tell you about the key indicators that you need to pay attention to before choosing the best broker in UAE and best online trading app in UAE: Supported trading instruments and financial pairs.
Best online broker app
A good broker should provide access to a wide range of tools through the application. Because some platforms (including those that are considered the best online broker app) offer a truncated list through a mobile application.
The term “cryptocurrency trading” is quite general, not least because it can refer to several financial products. For example, if you want to trade cryptocurrencies against the US dollar, you need to make sure that the application you choose supports pairs with fiat currencies.
Best brokers app
In addition, you can trade cryptocurrency cross-pairs. These are currency pairs that contain two digital assets. For example, BTC/ETH or XRP/ETH. If you are an experienced crypto trader seeking to take everything to a new level, then when choosing the best brokers app and best broker in UAE, you should pay attention to such things as margin trading, leverage, and short sales.
User interface convenience.
The trading application should be convenient. In other words, you need to understand which menu item you need to go to to find what you are looking for, and not wander through it for hours.
Best online trading app in UAE
Technical support.
It is advisable that you can write to support directly in the chat via the app 24 hours a day if you have a question. Ideally, if you immediately get an answer to it, rather than calling the best broker on UAE hotline and listening to annoying music while waiting for an answer ( best online trading app in UAE ).
Best brokers platform
Traditional assets ownership or CFD.
You need to decide what your investment goal is: short-term or long-term. For example, do you want to buy leading cryptocurrencies such as Bitcoin and Ethereum, and then hold them for several months or years? In this case, you need to choose the best brokers platform that supports common payment methods.
Best broker in Dubai
If you want to actively trade digital assets and cryptocurrencies in order to profit from every price movement, a CFD trading platform may be suitable for you. The reason is that CFD issuers usually allow trading cryptocurrencies without any fees. Thus, when choosing the best broker in Dubai, you will need to take into account only the spread.
Best online brokers in Europe
Legal regulation (licensing).
Regulation in the cryptocurrency trading industry is a kind of “gray area”. If you use a CFD provider, then the platform is one hundred percent likely to be tightly regulated.
For example, such best online brokers in Europe as eToro, IG and Plus500 have licenses from the British Financial Supervision Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Other reputable licensing authorities are the Cyprus Securities and Exchange Commission (CySEC) and the Monetary Authority of Singapore (MAS). And here is one of the most popular and best brokers app in UAE today – AvaTrade is regulated by the Central Bank of Ireland.
At the other end of the spectrum are traditional cryptocurrency exchanges such as Binance, and they are still virtually unregulated. This is somewhat surprising when you consider the billions of dollars that pass through them every day.