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TOP 5 Binary Options Brokers in UAE
Finding the perfect binary options broker with UAE is a very difficult task. At UAE, binary options are perfectly legal as long as you are trading with a regulated broker. It does not matter if it is a DFSA license or any other license outside the UAE. If you find any regulated broker, you can open an account with them and trade without any legal restrictions. Unfortunately, regulation in this country is very weak and many brokers offer services without any licenses. It’s very easy to get scammed, which is why we have compiled a list of recommended binary options brokers that accept UAE clients.
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All brokers on this list have been thoroughly checked by us, and you can read the full reviews on our website. Each of these brokers are regulated as well, so you can completely legally use these platforms while living in UAE. In the vast majority of cases, IQ Option will be the best solution. However, if you are looking for the best platform for mobile binary options trading, choose Expert Option. If you are interested in functions such as copying traders, trading signals, bonuses, cashbacks and others, choose Pocket Option. If you are a beginner trader and want to enter the world of binary options as soon as possible, choose Olymp Trade, which offers the best investment rate. If you plan to make a deposit over $1000, choose Binomo because it offers the best conditions for VIP clients.
IQ Option
IQ Option is one of the most recognizable binary options brokers on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. IQ Option is not only binary options but also CFDs on: Forex, Crypto, ETFs, stocks and digital options. IQ Option doesn’t offer bonuses, signals or copy traders. If you are looking for a trustworthy binary options broker with a modern platform and one of the highest returns in the industry, choose IQ Option.
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- UAE Traders: Accepted
If you open an account with this broker, you will receive a $10 000 demo account!
Expert Option
Expert Option is an advanced binary options platform, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over the years, however, the broker changed their target markets, and Expert Option focused on the development of its mobile app. Currently, the Expert Option app is considered the best app for trading binary options. The app is lightweight and packed with features. The browser version is also very good – you can use indicators as well as analytical tools and signals. There is even a Social Trading feature that allows you to see how other traders on the platform are trading. Expert Option has different account types depending on how much you deposit. Therefore, we suggest you deposit at least $100 to get good deal. If you are looking for a regulated broker with a modern trading platform and the best mobile app on the market, choose Expert Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- UAE Traders: Accepted
Pocket Option
Pocket Option is the most advanced binary options broker on the market. The platform was created in 2017 and quickly gained popularity due to the fact that it offers everything in one. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free trades, achievements and much more. Pocket Option allows for advanced analysis of charts using analytical tools and indicators. The more you deposit, trade and withdraw, the more gems you will receive, which you can exchange in the “Market” tab for bonuses, cashbacks and risk free trades. Pocket Option is IFMRRC certified, which means that the money you deposited is safely stored, and the quality of services is at the highest level. If you are looking for an advanced binary options broker with high returns, many functions and regulation, choose Pocket Option. It is our number one broker in many countries around the world.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- UAE Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Olymp Trade
Olymp Trade is a very popular binary options platform that was established in 2014. It is the most awarded broker on the market, and you will receive many awards for its platform and the quality of its services. Olymp Trade gives you access to an advanced trading platform with many indicators and analytical tools. In our opinion, it is the best broker for beginners because it offers a low minimum deposit from $5 and has a special educational program for beginner traders. The educational program is based on simple and progressively more difficult daily tasks. According to the data provided by Olymp Trade, 30 days is enough to gain advanced knowledge that will allow you to earn money on the market. If you are looking for a regulated binary options broker that offers a modern platform, low initial deposit and a great educational program, choose Olymp Trade.
- Regulation: Yes, FinaCom
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 92% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- UAE Traders: Accepted
Binomo
Binomo was established in 2014 and it is a very popular broker in Asian markets. The broker offers a modern trading platform with many analytical tools and indicators. The broker is famous for organizing numerous tournaments with cash prizes. In our opinion, this is the best broker for VIP clients. On the one hand, Binomo allows you to start trading from as little as $10, but the lines you get will be very average. If you decide to deposit over $1000, you will receive the best conditions on the market, access to closed VIP tournaments, weekly cashbacks and an account manager who will take care of your development. Binomo also has a great app for Android and iOS phones. If you are looking for a great binary options broker with experience and a modern platform, choose Binomo. But only if you plan to make a larger deposit!
- Regulation: Yes, International Financial Commission
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 75%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- UAE Traders: Accepted
If you open an account with this broker, you will receive a 25% deposit bonus!
Conclusion
As you can see, the selection of brokers in UAE is very large. Each of the brokers mentioned has been thoroughly tested by us, and you can read the full reviews on our website. Each broker on this list has a free demo account that you can open by going to the broker’s website, then clicking the “register” button and entering your email address and password. In some cases, you will be able to choose your default account currency. The payment of the deposit and trading does not require any additional formalities. If you want to withdraw the money you earn, you will need to verify your account by confirming your identity and address. To confirm your identity, send a photo of your ID card or passport, and an electricity bill or bank statement is enough to confirm your address. Verification is required at every broker in the world because it protects against money laundering.
Is binary options trading legal in UAE?
Yes, binary options are legal in UAE as long as you are trading with a regulated broker. It does not have to be a regulated broker in the United Arab Emirates. The broker may have any regulation that exists in the world. Unfortunately, many brokers still try to provide their services in this country without any certificates. Therefore, it is very easy to get scammed and you should only choose trusted platforms. We have compiled a list of recommended binary options brokers for UAE and encourage you to choose a platform from our list.
Update 2023: Are binary options still legal in UAE?
Binary options have gained immense popularity in recent years as a trading option for individuals looking to invest and make profits. But are binary options legal in the UAE? The answer is a resounding yes! Binary options trading is completely legal in the United Arab Emirates.
The UAE has always been at the forefront of embracing technological advancements, and this includes online trading platforms. The Securities and Commodities Authority (SCA) regulates and oversees all financial activities within the country, including binary options trading. As long as traders operate through licensed brokers who adhere to SCA regulations, they can legally engage in binary options trading.
One of the main advantages of binary options trading in the UAE is that it provides an opportunity for investors to diversify their portfolio by participating in global markets without any restrictions. With access to a wide range of assets such as stocks, commodities, currencies, and indices, traders can take advantage of market fluctuations and potentially earn significant profits.
It’s worth noting that while binary options trading is legal in the UAE, it does come with its own risks. Traders should exercise caution when selecting brokers and conduct thorough research before investing their hard-earned money.
Binary options trading is indeed legal in the United Arab Emirates. However, it’s important for traders to be well-informed about market trends and choose reputable brokers who comply with regulatory standards set by authorities like SCA. By doing so, investors can enjoy a secure environment for engaging in profitable trades.