Cryptocurrency trading companies in the UAE
The best cryptocurrency trading companies in the UAE
The most important digital currency trading companies in the UAE are:
- Evest company for trading digital currencies in the UAE.
- UAE cryptocurrency exchange AvaTrade .
- eToro is a UAE cryptocurrency trading company .
- XTB is a cryptocurrency exchange company in the UAE.
- Binance , the UAE cryptocurrency exchange.
Evest company for trading digital currencies in the UAE
Evest is one of the best digital currency trading companies in the UAE, since its inception in 2017. It operates as a global trading brokerage company, through its main headquarters in Cyprus. Evest offers many electronic services through its website in the field of trading in all financial assets
Advantages of the Evest company for trading in the UAE
Evest has a number of important advantages, as follows:
- A distinguished brokerage company for digital currency trading in the United Arab Emirates.
- It provides its services through the MT5 platform, the Evest Trader website, as well as the eVest trading application for mobile devices.
- Easy to use and one click access for the trader.
- The ability to deposit and withdraw money easily and safely through MasterCard, Skrill, Neteller, Visa Card, or Wire.
- Allow trading of all financial assets such as digital currencies, precious metals and stocks.
AvaTrade is a digital currency trading company in the UAE
AvaTrade is a UAE-based cryptocurrency trading company, established in 2006. It is regulated by ASIC, BVI, FSA, FFAJ, FSCA, ADGM. It also provides the most important services to its customers via the Internet, with full confidence and honesty.
Advantages of AvaTrade for trading in the UAE
AvaTrade is characterized by a number of positive service advantages, which we will list successively as follows:
- Available as a financial brokerage company for trading digital currencies in the UAE.
- It allows electronic trading via mobile devices and websites.
- It has branches in many countries of the world, including Ireland, Australia, China, Mexico, Italy, South Africa, Poland, and the United Arab Emirates.
- You can start trading with a minimum deposit of $100.
- Availability of depositing and withdrawing funds via Visa Card, Master Card, Wire, Neteller.
- Availability of trading in Islamic accounts without usurious interest.
- It allows trading many financial assets, including: forex, stocks, indices, money bonds, and digital currencies.
- No commission is charged for withdrawals through it.
eToro, UAE cryptocurrency exchange
eToro is one of the most important digital currency trading companies in the UAE and around the world, as it was established in 2007. It is also one of the internationally recognized platforms for trading, as it is licensed by the FCA, ASIC, CySEC, and MiFID. In addition, eToro opened several branches in several countries around the world, including the United States of America, Britain, Cyprus, and Australia.
Advantages of eToro trading company in the UAE
The positive features of eToro's service are:
- Brokerage company for digital currency trading in the United Arab Emirates.
- It allows trading via mobile and websites.
- 200 USD is the minimum deposit amount in the company.
- Available deposit and withdrawal options are: Visa Card, Skrill, MasterCard, Neteller and Wire.
- The financial assets available for trading are: digital currencies, forex, financial bonds, commodities, financial contracts, and stocks.
- Allowing the opening of an Islamic account without interest.
XTB UAE cryptocurrency exchange
An important company in the list of digital currency trading companies in the UAE and in most countries of the world. This was the beginning of its inception in the year 2002. Where it obtained global recognition and numerous licenses from FCA, CySEC, CNMV, KNF, DFSA, IFSC.
Advantages of XTB for trading in the UAE
XTB has several positive trading features which are as follows:
- Easy to use and available on mobile as well as on the website.
- The minimum deposit and trading amount is 1 USD.
- It has subsidiaries in many countries around the world, including: Britain, France, the United Arab Emirates, Chile, Spain, and Germany.
- The options for withdrawing and depositing funds are: Visa Card, Master Card, Skrill, Wire, Neteller.
- The possibility of opening accounts compatible with Islamic law without any usurious return.
- Providing trading in the following financial assets: stocks, digital currencies, forex, contracts, and indices.
- Do not take any commission on withdrawals.
Binance, the UAE cryptocurrency exchange
Binance is one of the leading cryptocurrency exchanges in the UAE and the world as a whole. It also dates back to the year 2017. It opened its main office in China, and from there it supervises all trading transactions in the countries that it uses as a brokerage company to manage the affairs of traders.
Advantages of Binance for trading in the UAE
The advantages of the Binance cryptocurrency exchange in the UAE are:
- The possibility of communicating with her through the mobile phone and the web.
- The minimum amount to deposit and start trading is 1 USD.
- Available deposit and withdrawal methods are: MasterCard, Visa Card, Wire, Skrill.
- It allows trading in the following financial assets: digital currencies, CFDs.
- It places an acceptable commission rate on withdrawals.
- It is not possible to open Islamic accounts for trading through them.
Exness, a digital currency exchange company in the UAE
Exness is one of the important digital currency trading companies in the UAE, with its main office located on the island of Cyprus. It also holds several licenses from FCA and CySEC. For information, it works as an intermediary company for trading in many countries of the world, and it continues its business from its official headquarters in Cyprus.
Advantages of Exness for trading in the UAE
Exness trading company has a number of positive features, as follows:
- It allows trading through mobile phone and websites.
- The minimum deposit and start trading is 200 USD.
- The company's withdrawal and deposit options are: MasterCard, Visa Card, Skrill, Neteller, and Wire.
- The ability to trade many financial assets, including digital currencies and forex.
- No commission is charged for withdrawals.
- It allows opening Islamic accounts for trading.
The licensing authorities for cryptocurrency trading companies in the UAE
Digital currency trading companies in the United Arab Emirates are licensed by several international official bodies, as follows:
- Licensed by the Financial Conduct Authority (FCA) in the United Kingdom.
- NFA licensing in the United States of America.
- MiFID Licensing.
- CySEC license in Cyprus.
- Licensed by the Financial Market Supervisory Authority FINMA in Switzerland.
- Licensed by the ASIC Securities and Investments Commission in Australia.
Is cryptocurrency trading legal in the UAE?
Trading digital currencies in the UAE is not fully legal, in the sense that the UAE, represented by financial institutions, has not recognized the trading of cryptocurrencies in a systematic manner and with an integrated regulatory plan. On the other hand, the United Arab Emirates is one of the Arab countries that encourages electronic trading in the investments of Emirati citizens, not corporate trading. As the work of trading platforms is limited in the UAE to being foreign brokerage firms; Traders' dealings are facilitated under the supervision of the UAE's official financial authorities and authorities.
In addition, many prominent economic indicators indicate that digital currency trading companies in the UAE are on their way to developing and occupying an important position in the UAE stock market. Coinciding with the economic renaissance that the financial and investment markets are witnessing today in the UAE. As indicated by some media sources close to financial institutions in Dubai, the latter seeks to activate electronic trading and the opening of a licensed Arab-Emirati trading company in the near term.
Criteria for selecting digital currency trading companies in the UAE
The criteria for accrediting digital currency trading companies in the UAE are as follows:
- Selection of world-renowned companies accredited in many countries of the world.
- Checking and inspecting the company's licenses before starting trading through it.
- Preference for companies that provide effective offers and reasonable and discounted prices.
- Ensure the types of accounts available in the company and the minimum deposit amount.
- As well as familiarity with the value of the specified leverage for trading through the company.
- Checking the number and type of digital currencies available for trading.
- In addition to knowing the fees and commission imposed on any financial procedure.
What are the digital currencies traded in the UAE?
The most prominent digital currencies traded in the UAE are:
- Bitcoin.
- Ripple currency.
- Ethereum coin.
- Litecoin currency.
It is worth noting that these currencies are available for trading through intermediary trading companies that provide services in the UAE stock market, and also contribute to achieving profits for traders by investing them optimally and following up on fluctuations in buying and selling prices.
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What is the minimum for trading in the UAE?
The minimum amount for trading cryptocurrencies in the UAE is $100. This is for many trading companies in the UAE. While some companies set a minimum deposit and start trading of $10, or no minimum at all. However, the limit of 100 USD remains the best and optimal for starting trading.
Is cryptocurrency trading different between Dubai and Abu Dhabi?
Trading digital currencies is no different between Dubai and Abu Dhabi, especially through the trading companies available in the two emirates. Even if trading was between two countries as well. As long as the license and regulation of the company is the same, the amount of leverage is the same for the platform. In the event that the licenses differ, here the value of the leverage and the mechanism for executing the trade will vary and differ.
