Best online trading app in UAE in 2022. If you want to earn money by buying, selling, and exchanging digital assets and cryptocurrencies using your mobile phone, you will be pleased to know that on the Store’s and on best brokers app today you can quickly download the best brokers platform.
Best brokers app review
But with such a large selection, it is quite difficult to figure out which online broker applications for trading are better to use. For example, what are you more interested in low fees or trading a specific pair? In this best brokers app review, we will talk about the two best online trading apps in UA to date.
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This trading platform has been in work since 2006, which makes it one of the oldest best brokers app to date. This online broker prides itself on uncompromising values and honesty, constant innovation, and an excellent customer service team.
One of the main advantages of this application is its versatility. With AvaTrade you can trade many different financial instruments:
Cryptocurrencies. Although Bitcoin is a cryptocurrency that most people have heard about, AvaTrade offers many other digital coins: Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, Ripple, Dash, EOS, etc.
Forex. AvaTrade offers investors from UAE more than 50 currency pairs to buy and sell.
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Stocks. If you prefer trading stocks, AvaTrade gives you access to a variety of tools. This covers several financial markets, including the UK and the US. As is the case with all digital asset classes on AvaTrade, the broker allows you to open long or short positions. This means that you can make a profit if you think that the value of the company or startup will fall.
Best online broker app
This project, launched back in 2007, serves more than 12 million traders worldwide and is considered one of the best online brokers in Europe and USA today. With the development of the digital asset trading industry in the UAE, eToro has taken a leading position among local investors and is regularly recognized as the best online broker app of the year.
Best online trading app in UAE
eToro offers both traditional assets and CFDs, providing sufficient flexibility. For example:
- If you want to invest in cryptocurrencies, you can do it through eToro and get 100% ownership. However, it will be impossible to withdraw your coins from your wallet. That is, they will remain on the eToro platform until you decide to sell them.
- If you want to apply leverage or open a short position on cryptocurrency, this is done using CFDs.
- If you want to trade cryptocurrency cross-pairs, this is done using CFDs.
Best broker in UAE
- In total, eToro allows you to buy and sell 16 cryptocurrencies in the traditional sense. These include Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and others. Different cryptocurrency pairs are available: both crypto-fiat and crypto-crypto. For example, you can trade cryptocurrencies in pairs with USD, GBP, JPY, and EUR. In addition, cross-pairs such as EOS/XLM or BTC/EOS are presented here ( best broker in UAE ) .
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In addition to the rich offer of tradable cryptocurrency products, the eToro application stands out as the best online trading app in UAE with favorable deposit terms. You can deposit funds using a traditional debit/credit card, e-wallet, or bank account without paying any fees. The only commission associated with financing your account is a 0.5% currency conversion fee for all deposits that do not use US dollars. Compared to Coinbase, which charges 3.99% when depositing with debit cards at best broker app tips, this is very good.
Taking into account all these advantages, it is not surprising that many local traders believe that eToro is the best online trading app in UAE in 2022.