Social Trading with eToro UAE. Etoro Brokerage Company is a dealing center registered in Cyprus and offering one of the world’s largest social trading networks.
The geography of eToro includes offices in Australia, the United States of America, and the United Kingdom, but it is available to traders from almost all countries of the world.
How to invest in US stock market from Dubai?
If you are wondering: How to invest in us stock market from Dubai and other UAE cities? , then the best answer is: “use eToro – the best online trading platform in UAE”.
eToro in UAE.
eToro is available to UAE citizens, although it is not regulated by the local authorities DFSA and ADGM. Also, eToro in UAE does not have a local office. This online broker is regulated by top-level financial regulators, also covering the United Arab Emirates, and is considered safe for Gulf citizens. The minimum deposit for eToro in UAE users using an Islamic account is $ 1,000.
Trading in Dubai
What trading services can be found on eToro?
eToro Financial services company provides the following services to traders of the UAE:
– Opening brokerage accounts for independent trading.
– Copy trades of successful traders.
– Commission fee, if the investor allows you to copy your own transactions.
eToro also offers the following trading and investing options:
– shares of Arabic and foreign companies (150 options, divided by sector);
– cryptocurrency (Bitcoin, Dash, Ripple, Litecoin, Ethereum, Ethereum Classic);
– futures contracts;
– CFDs (Contracts for Difference);
– precious metals;
– raw materials;
For those interested in trading in Dubai, there will be interesting structural products offered by eToro:
– Margin trading (with a leverage of 1: 25 on CFD contracts and 1:100 on other transactions). The client uses their own and borrowed funds when working.
– CopyFunds. Investment portfolios with profitable assets have been formed. You must have at least $5,000 in your account to use it. The yield is up to 40 % per year. The most popular portfolio is BigTech (shares of Apple, Google, Microsoft, etc.).
Types of accounts in eToro UAE.
The eToro dealer company provides an opportunity to open one of two types of accounts:
The main difference between the accounts is the level of protection of funds: it is less for professionals. Unlike private traders, profs cannot take advantage of Compensation Fund insurance or contact the FOREX Financial Ombudsman Service, but they can use higher leverage and have lower margin requirements.
Professionals are entitled to protection from negative balance resulting from changes in market conditions.
eToro also offers Islamic accounts for people who want to follow the Qur’an and Islamic financial restrictions when investing.
Earnings from eToro.
There are three ways for a trader to earn money on Forex with the eToro in UAE dealing center:
– Trade independently;
– Copy trades of other traders;
– Invest in ready-made portfolios or traders.
To work independently on the broker’s proprietary terminal, a trader must register on the website.
To trade through eToro, you do not need to download and install software, work is carried out in the browser, on the official website (you will need a reliable Internet connection).
Developed a free application for mobile gadgets based on Android and iOS with a customizable interface. In both cases, the charts are multifunctional, contain settings and indicators, and trade execution is fast.
One of the main advantages of the eToro platform is the full transparency of investments. If a trader has opened a subscription to their trades, their portfolio becomes public, meaning anyone can view the list of open positions.
Best online trading platform UAE
Deposits and withdrawals.
You can top up your eToro brokerage account in the following ways:
– bank cards;
– electronic payment systems (WebMoney, Neteller, PayPal).
The minimum deposit amount is $50, for working with shares $100. The maximum amount of the first deposit is $4000. After verification, you can deposit $50,000 at a time. To form an investment portfolio, you need at least $300-500.
In our opinion, etoro is one of the best online trading platform in UAE and has a huge, active fan base.