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Best Paper Trading App in the UAE for 2025

Updated: February 04, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Fact-checked by

Mirjan Hipolito

Cryptocurrency and stock expert

Go to broker

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1
Best Paper Apps in the UAE - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders in the UAE:

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders in the UAE:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

STUDY REVIEW

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2
Best Paper Apps in the UAE - Revolut

Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).

👍 Advantages of trading with Revolut for traders in the UAE:

•In addition to stock trades, customers can trade cryptocurrencies and precious metals.

•The broker offers commission-free trading plans.

•The minimum number of shares to buy is 0.00000001.

•There are no minimum deposit requirements.

•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.

•Communication with the support service via chat is available in the mobile application 24 hours a day.

•There is no fee for opening and maintaining a trading account.

👎 Disadvantages of Revolut for traders in the UAE:

•Stock trading is currently only available to UK residents.

•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.

•The company does not offer fiduciary management of its investment portfolio.

STUDY REVIEW

3
Best Paper Apps in the UAE - Robinhood

Robinhood is an investment platform founded in April 2013. The platform offers commission-free trading of stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. Robinhood is regulated by the Financial Industry Regulatory Authority (FINRA) in the U.S. and the Financial Conduct Authority (FCA) in the U.K. It is also a member of the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance Corporation (FDIC). With an intuitive interface, the platform simplifies access to financial markets, allowing clients to start investing with as little as $1. Robinhood has continuously expanded its offerings since its launch, recently adding features such as credit cards and a dedicated educational section for beginner investors.

👍 Advantages of trading with Robinhood for traders in the UAE:

•No commission trading.

•Access to trading stocks, ETFs, options, futures, and cryptocurrencies.

•User-friendly platform.

•Fractional share trading.

•Educational resources for beginner investors.

•Availability of a mobile app.

•Provision of analytical data.

👎 Disadvantages of Robinhood for traders in the UAE:

•Limited selection of cryptocurrencies.

•No access to international markets.

•Limited advanced technical analysis tools.

STUDY REVIEW

4
Best Paper Apps in the UAE - ChoiceTrade

ChoiceTrade is a stockbroker that began providing services in 2000 and has steadily introduced ground-breaking technologies into its work. ChoiceTrade is aimed at working with investors who value order execution speed, a minimalistic approach to trading, and reliability. The broker is regulated by two bodies: FINRA (CRD#: 104021/SEC#: 8-52511) and SIPC. The latter regulator guarantees clients financial payments in case of unforeseen circumstances.

👍 Advantages of trading with ChoiceTrade for traders in the UAE:

•A vast array of trading accounts for clients with different needs.

•The broker sets the lowest fees for users, regardless of the type of account.

•The broker is focused on cooperation with clients from different countries, the site interface is presented in more than 30 languages.

•Clients' financial assets are protected up to $500,000 by an independent regulatory body.

•Lightning-quick speed of order execution.

👎 Disadvantages of ChoiceTrade for traders in the UAE:

•The minimum deposit is $100, which is not always within the power of novice traders.

•The broker does not provide clients with training materials for development in the field of trading and investments.

•The company offers only two ways to replenish a trading account and withdraw earned funds; there are no electronic payment systems.

STUDY REVIEW

5
Best Paper Apps in the UAE - BGL BNP Paribas

The BGL BNP Paribas (hereinafter also referred to as “BBP”) broker is a subsidiary of the French financial conglomerate BNP Paribas Group, which is registered and operates in Luxembourg. The broker operates under the supervision of the European Securities Market Supervision Authority (ESMA). Its clients have the opportunity to invest in stocks, bonds, ETFs, precious metals, funds of the BNP Paribas Group, and funds of other issuers. The BBP group offers a wide range of banking, brokerage, and investment services, as well as financial advice and wealth management.

👍 Advantages of trading with BGL BNP Paribas for traders in the UAE:

•No deposit fees for Luxembourg citizens or foreign residents.

•Provides a sample of funds that BBP thinks are reliable.

•Possibility of round-the-clock placement of orders for trades on European and American exchanges (21 exchanges are offered).

•Participation in the FGDL (Fonds de Garantie des Dépôts Luxembourg) deposit guarantee scheme, which involves payments of up to €100,000 for each investor.

•Assistance by a personal consultant when contacting by phone or in a Web bank chat.

•Opening a savings account to manage financial services is available in 11 currencies.

•Access to the dynamic investment of deposits from a savings account.

👎 Disadvantages of BGL BNP Paribas for traders in the UAE:

•High requirements for the size of the minimum deposit, which must be at least €50,000.

•There is no fixed brokerage fee.

•The site lacks quality training on the basics of stock market trading.

STUDY REVIEW

Best Paper Trading App in the UAE 2025: 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.

eToro - Education for Investors

Investment Education Online

Information

eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.

Information provided in the Help Center

Information lacking on the eToro’s website

What is Take Profit and how to set it?

What are exchange fees and how are they charged?

How to set effective Stop Loss targets?

Descriptions of investment strategies for working with exchange instruments

What is one-click trading?

How to form an asset portfolio on your own?

How to form watchlists?

How to work with charts and ProCharts?

Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.

Revolut - Education for Investors

Investment Education Online

Information

Revolut doesn't offer training programs on the basics of stock trading. But the company's site has a blog section, which contains articles and videos with investment tips from Revolut experts and a description of the nuances of stock trading.

Information provided in the blog section

Information not available on the Revolut website

Financial forecasting

Description of technical indicators

Principles of using the equation of total profit

Stock market terminology

Investment strategy webinars

Economic calendar

Calculation of the main coefficients of profitability

Instructions for cooperation with a broker

The information presented in the Blog section can be useful not only for beginners but also for professional investors.

Robinhood - Education for Investors

Investment Education Online

Information

Robinhood offers extensive educational resources for investors seeking to deepen their understanding of finance and investing. The materials are presented in an accessible format, making them valuable for both beginners and experienced investors.

What is on Robinhood’s website in the Learn section

What is not on Robinhood’s website

Basics of investing in stocks and other stock market assets

In-depth analysis of investment strategies

Strategies of options trading and risk management

Practical exercises and simulations

The article library on technical and fundamental analysis, dividend yield, robo-advisers, etc.

Personalized advice and tips for beginners

Information on tax obligations

Robinhood prioritizes financial education, offering tools to empower clients to make informed investment decisions and manage their finances effectively.

ChoiceTrade - Education for Investors

Investment Education Online

Information

The ChoiceTrade company focuses on the development of trading platforms and favorable working conditions for traders and investors. Training materials are not provided by the broker. Answers to the most popular questions among customers can be found in the Support section, and in the FAQs subsection. The broker also enables users to conduct financial research.

Information available in the Education section

Information not available at the ChoiceTrade website

FAQs page with answers to popular questions

Investment and trading courses

Self-service market research tools

Articles about popular assets, their features, and rules for working with them

Glossary with key terms for traders and investors

The ability to follow the work of more experienced users, analyze their trading strategies

ChoiceTrade does not offer its clients a demo account, which would allow them to apply various trading strategies and test their knowledge of trading without financial risks. Transactions can be made exclusively on live trading accounts.

BGL BNP Paribas - Education for Investors

Investment Education Online

Information

The BBP broker does not offer training courses on stock market trading, but its website (www.bgl.lu) has an “Our Advice” section, which features articles and videos with investment advice from the company's experts.

Information available in the Our Advice section

Information not available at the BGL BNP Paribas website

Investment funds overview

Economic calendar

Tips for choosing industries for investment

Descriptions of technical indicators

Investment solutions from the broker

Stock market terminology

Explanations on responsible investing

Forecasts for the market value of financial investments

Inexperienced traders during trading sessions can seek help from the company's professional experts.

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 Paper Trading App in the UAE 2025.

	eToro	Revolut	Robinhood	ChoiceTrade	BGL BNP Paribas
Overall score	9.4	9.5	8.2	7.7	6.15
Execution of orders	9.1	9.2	7.9	7.4	5.94
Investment instruments	9.7	9.8	8.5	8	6.36
Withdrawal speed	9.5	9.6	8.3	7.8	6
Customer Support work	9.3	9.4	8.1	7.6	6.3
Variety of instruments	9	9.1	7.8	7.3	5.78
Trading platform	9.8	9.9	8.6	8.1	6.52
	Study Review	Study Review	Study Review	Study Review	Study Review
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FAQ

Is it possible to register with a broker using the mobile app?

Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.

Do I need to pay for downloading the app?

Brokers do not charge a fee for downloading their mobile app. They are provided for free.

Are there versions of the apps for tablets?

In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.

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.