Many traders in the UAE use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Binary Trading App in the UAE for 2024, based on our assessments.
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
Binary is the right broker for those who appreciate a variety of financial instruments. Due to the low minimum deposit, the company is suitable for novice traders who do not want to risk large amounts of money.
The IQ Option broker is for novice traders who are not yet ready to trade on Forex but would like to get their first trading skills.
The Expert Option broker aims to cooperate only with those traders who prefer binary options. There are no conditions for active and passive trading in the company.
Binomo is a broker for those who treasure quality and reliability. The impressive range of trading instruments is an advantage. Binomo is a proper broker for both novice and professionals traders who work on a PC or prefer to trade on a mobile device.
Best Binary Trading App in the UAE for 2024
| Pocket Option | Binary.com | IqOption | ExpertOption | Binomo | |
|---|---|---|---|---|---|
|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile |
IQ Option |
Browser platform |
Browser platform |
|
Min deposit |
$5 |
$5 |
$10 |
$50 |
$10 |
|
Trading instruments |
currency |
indexes, Forex, goods, stock, random index |
Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
Options |
indexes, stock, currency pairs / CFD, goods |
|
Signals |
No |
No |
No |
No |
Yes |
|
Analytical support |
No |
Yes |
Yes |
Yes |
Yes |
|
Training |
No |
Yes |
Yes |
Yes |
Yes |
|
Additional tools |
Yes |
Yes |
Yes |
Yes |
Yes |
1
Best Binary Apps in the UAE - Pocket Option
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option for traders in the UAE:
•low threshold for entering the market; the first deposit starts at $5;
•social trading platform generates passive income.
👎 Disadvantages of Pocket Option for traders in the UAE:
•not licensed by any reputable regulator;
•to trade Forex through MetaTrader 5, you need to deposit at least $1,000;
•support service responds within 24-48 hours, which is also too slow.
2
Best Binary Apps in the UAE - Binary.com
Deriv (Binary.com) offers trading services with a focus on derivative products like binary options and CFDs. The company has a history that dates back to 1999 and is regulated by several entities including the Malta Financial Services Authority (MFSA).
The broker also offers competitive fees and a low minimum deposit, making it accessible to traders with varying budget sizes. Flexible trade duration varies from 1s to 365d.
Deriv Multipliers blend the potential gains of leveraged trading with the controlled risk associated with options. This trading type allows traders to increase their market exposure while managing risks with built-in features like stop-loss and take-profit orders. Multipliers provide a balance between high-risk trading and traditional instruments.
👍 Advantages of trading with Binary.com for traders in the UAE:
•extensive experience (the company has been operating for more than 20 years) and the availability of a regulator;
•the minimum amount for replenishing and opening a bid is $5 and $1, respectively.
👎 Disadvantages of Binary.com for traders in the UAE:
•online chat for support is not available on the company's website;
•no cent account;
•sometimes there are platform failures;
•there is no trust management accounts;
•sometimes there are delays in the withdrawal of funds;
•some clients have difficulties with the registration process;
•sometimes technical support takes a long time to respond.
3
Best Binary Apps in the UAE - IqOption
The company was founded in 2013 and today is among the leaders in this genre thanks in large part to its proprietary platform. In 2017, the broker was awarded the highest award by the Communicator Awards.
👍 Advantages of trading with IqOption for traders in the UAE:
•convenience from a visual narrative, the platform is user-friendly for novice traders;
•one of the highest levels of remuneration in the segment of binary options.
👎 Disadvantages of IqOption for traders in the UAE:
•a limited number of timeframes in comparison with MT4, without the possibility of setting non-standard intervals;
•the online platform is heavy on your computer’s RAM;
•there is a shared offer, not all trading conditions are displayed on the website and in the personal account. You have to investigate them either through trial and error or with the help of support services;
•there is no possibility of adding additional indicators, no algorithmic trading is provided;
•delays in cash withdrawal.
4
Best Binary Apps in the UAE - ExpertOption
Expert Option is a binary market broker that specializes in providing services such as binary options trading. The company has been actively operating since 2014, has more than 30 million clients, and the customers’ trust is the main indicator of its reliability. The broker is also verified by Visa and Mastercard, and all user information is encrypted with strict algorithms, which increases data security. In 2017, Shenzhen Expert Option won the Best Trading Platform award at the China Trading Expo.
👍 Advantages of trading with ExpertOption for traders in the UAE:
•low level of the minimum deposit, from $10;
•options to trade both from personal computers and mobile devices.
👎 Disadvantages of ExpertOption for traders in the UAE:
•lack of a license to provide services and a regulatory body for the broker;
•protracted verification procedure — up to 30 days;
•the company does not cater to clients from countries such as the United States, Canada, Switzerland, New Zealand, North Korea, Puerto Rico, Bangladesh, Yemen, Indonesia, Singapore, Sudan, and the European Economic Area;
•funds can be credited to the deposit within 45 days (depending on the payment system);
•there are no conditions for active trading;
•the company does not have investment programs;
•the funds of the company's clients are not protected in any way.
5
Best Binary Apps in the UAE - Binomo
Binomo is one of the top volatile arbitrage websites. It also includes broker and related services, like training, analytics, and client support. This high-tech service allows clients to objectively assess the real market situation and deduce the level of risk. Binomo is regulated by the Financial Commission, an independent organization on dispute settlement that specializes in financial markets. Since 2018, the broker has been a member of the “A” category of the International Financial Commission. This is a guarantee of quality, reliability, safety, and protection of the trader.
👍 Advantages of trading with Binomo for traders in the UAE:
•the trading platform is high level and has a wide range of assets;
•quotes from the best leading news agencies;
•the analytical procurement is excellent.
👎 Disadvantages of Binomo for traders in the UAE:
•high minimum deposit in comparison with its competitors;
•no investment programs;
•no cent accounts;
•the website is not informative enough;
•although, the platform is very functional enough, it takes some time getting used to;
•the verification procedure, which is necessary to withdraw funds, it is rather complicated, but only during its first processing;
•few options for affiliate programs.
Best Binary Trading App in the UAE 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
Pocket Option - Education for Investors
Investment Education Online
Information
There is a "Training" section on the Pocket Option website, but it is not informative enough. Find more information in the "FAQs" sub-section of the "Help" section. There is practically no information about Forex trading.
The broker allows opening a demo account, which allows you to improve on your trading skills without financial risks.
Binary.com - Education for Investors
Investment Education Online
Information
The Binary website has an educational section where you can get the information you need to trade options, currency pairs, and futures contracts, as well as metals successfully.
To use in practice the knowledge that the trader received on the Binary website, the experts of the brokerage company recommend opening a demo account. Training on a free practice account will give novice traders the experience and skills to trade on a real account.
IqOption - Education for Investors
Investment Education Online
Information
You will find the basic trading training course in the form of separate video tutorials on the IQ Option website. Also, the emphasis is placed on information support, fundamental news, and analytics.
There is a demo account for gaining experience, confidence, familiarity with this broker’s platform.
ExpertOption - Education for Investors
Investment Education Online
Information
In addition to trading conditions, the ExpertOption broker allows traders to learn how to trade binary options and improve their knowledge in this area with the help of free training materials provided on the site.
To test the theoretical knowledge gained, we recommend using a demo account. This will allow you to apply theory to practice and avoid financial risks.
Binomo - Education for Investors
Investment Education Online
Information
Binomo is scrupulous about training, and the proof of this is the well-implemented training section. It includes detailed video tutorials, a glossary of terms, and an explanation of concepts. The broker provides information on the basics of analytics and trading strategies. The company also carries out webinars.
It is recommended to use a demo account to verify the knowledge gained and test trading strategies, as well as to learn more about the Binomo terminal. You can safely start trading on the real market after training on the demo account. There is a special analytical section with an economic calendar, news, and market overview that is built into the trading platform to support traders.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in the UAE choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Binary Trading App in the UAE 2024.
| Pocket Option | Binary.com | IqOption | ExpertOption | Binomo | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
8.11 |
6.44 |
5.63 |
5.34 |
|
Execution of orders |
9.52 |
9.82 |
9.37 |
8.65 |
9.92 |
|
Investment instruments |
4.29 |
9.54 |
1.25 |
1.08 |
1.25 |
|
Withdrawal speed |
9.64 |
10 |
4.93 |
8.12 |
7.35 |
|
Customer Support work |
4.38 |
5.41 |
6.85 |
4.98 |
4.72 |
|
Variety of instruments |
6.01 |
5.12 |
10 |
2.01 |
2.58 |
|
Trading platform |
7.38 |
8.76 |
6.24 |
8.93 |
6.24 |
|
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FAQ
If a broker has several platforms, does it mean it offers several apps?
No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.