Gold Trading Opportunities With Top 10 Best Gold Trading Platform In Dubai

Gold trading in Dubai is not a conventional business because it sits within a context of a slightly seedy, but very dynamic city that is almost entirely focused on money and glitz. Dubai, for instance, has fast-growing gold markets and an advanced financial system that has made investors gravitate towards the city in search of investment opportunities within this metal. 

While choosing a trading platform for gold trading, the investors are exposed to a great number of platforms indicating that the field is very saturated. In an effort to make this task less challenging, 

We(Business Outreach) have provided below a list of the best 10 gold trading platforms available in Dubai that are most reputed, easy to use and offer a host of conveniences.

Source: Paytm

Here Below The List Of Top 10 Best Gold Trading Platform In Dubai

MultiBank Group

Source: Business Wire

MultiBank is a CFD(Contract for differences) broker that started its operation in 2005 and has become a leading global player in its industry. The company is based in Dubai, but it complies with the utmost refereed regulations in over five continents and has a network of more than 20 offices globally to provide full service to its various and international clientele.

As for gold trading dealing conditions, MultiBank provides competitive spreads which are significantly at 25 pips, greater than the industry standards. It offers the opportunity to trade gold in different forms such as Spot gold and gold futures contract (GCJ3) and leverage levels may also differ from one provider to another. In addition, under particular account features traders can use other gold pairs, for example XAU/EUR.

A concern of efficient execution of orders, MultiBank works as a non dealing desk broker with STP for the best trade fills. This is a platform that primarily targets the active traders without so many trading fees on the platform ensuring that costs are controlled.  

The firm also aims to boost clients’ confidence in their transactions through fee insurance by Lloyd’s of London to protect their funds. Lastly, its subsidiary, MEX Atlantic, which is offshore, provides a generous $1M excess loss insurance policy with additional underwriters from Lloyd’s of London to ensure clients with security.

Pepperstone

Source: Pepperstone

Pepperstone is an online brokerage firm based in Australia, which provides mainly trading in contracts for differences (CFDs). Pepperstone was founded in 2010 by Owen Kerr and Joe Davenport, and the company has its operational offices in strategic business locations in Melbourne, London, Düsseldorf, Duba, Limassol, Nassau, and Nairobi.

Some of the past events that are worth acknowledging include the fact that the company has worked hand-in-hand with the regulatory bodies like the Australian Securities and Investments Commission (ASIC) and the Australian Federal Police in pulling out major insider trading activities in Australia in the fiscal year 2013. This activity served to demonstrate that Pepperstone is seriously interested in following the regulations and promoting high standards for financial markets.

Indeed, within the years of its operations, Pepperstone has recorded remarkable achievements such as becoming the first company to feature in the BRW Fast Starters list 2014 and featuring remarkable revenue and financial growth. In addition, the company and its industry-recognized awards including the Best Forex Broker at the DayTrading. The broker has received many honors, and won com Broker Awards in 2021, and the title of Best MT4 Broker at The Good Money Guide Awards in 2023, which proves the broker’s leadership and high-only approach.

Exness

Source: Trade-timeline

Exness is one of the most significant forex and CFD brokers out there that offers a rather unique value proposition. Founded in 2008 and based in Limassol, Cyprus, the company provides numerous trading opportunities with Contracts for Differences on currencies, cryptocurrencies, stocks, indices, and commodities.

Concerning gold trading, Exness has some peculiarities, and the most striking one refers to the spreads of gold 20 pips, considered higher than the market average. The platform features diverse gold CFD assets including Spot gold (XAU/USD) and offers leverage of up to 1:2000, leverage is unlimited when the following conditions are met:Further, more diversity is offered by the platform in offering other gold pairs like XAU/EUR, XAU/AUD, XAU/GBP, XAU/USD, and BTC/XAU.

Realizing the need for speed in gold trading, Exness equips a highly streamlined trading environment designed for day traders active in liquid markets. There is no doubt that the Exness Trading Terminal is easy to use and it features some of the much-desired features such as the watchlist, one-click trading, trading from the chart and others.

Plus500

Source: Plus500

In comparison, Plus500 also gives another competent competitor in the brokerage market, characterized by having more than 400 000 active customers from over 50 countries. Founded in 2008 and listed on the London Stock Exchange (LSE: PLUS), Plus500 works as one of the few CFD brokers who are listed on the stock market. Currently, it has multi-regulatory permission from such authorities to maintain legality and safeguard consumers.

Plus500’s spreads on spot gold come at 36 pip, and the rest of the company’s gold offering includes index, options on spot gold, and gold ETF such as SPDR Gold Trust (GLD). The platform extends leverage of up to 1:20 CySEC, and it also provides additional metals for trading such as silver, platinum, and copper.

Plus500 set itself apart by having extensive investment in its web-based platform and mobile app that provides the best experience. The mobile app, for example, has a simple to use interface and features such as watchlists, alerts, as well as a light/dark mode option. Additional features like built-in analysis tools, news updates, and an economic calendar help in trading more effectively. 

The charting system of the app comprises 13 types of the chart and 119 indicators, additionally, some special kinds of the orders such as trailing stops. Switching between demo and live modes can be done without disruption while the use of two-factor further enhances security measures.

AvaTrade

Source: AvaTrade

Currently, AvaTrade is one of the leading companies established in 2006 that founded the online trading market. It was created by a group of financial scientists and web business specialists with the noble vision of optimizing online trading for the newcomer traders.

Having only been founded rather recently, AvaTrade has grown rather rapidly and now claims to have about 400000 registered clients internationally. The platform helps over 3 million transactions monthly and record a high trading volume of $60 billion on a monthly basis. With more than 300 workers, AvaTrade operates internationally; its offices are located in Ireland, Italy, Poland, Mexico, and Australia.

One of the key ways through which AvaTrade has gained the popularity it enjoys today is its excellent regulation, which is governed by nine regulatory agencies in six different continents. This regulation gives the traders the confidence and assurance to transact with the platform as desired.

Due to the company’s focus on user-oriented policies combined with the company’s financial stability, AvaTrade can be described as a unique company among other companies in the sphere of online trading. It actively trades Foreign Exchange, Vanilla Options, Equities, Futures, Indices, Metals, Agricultural products, Equities, and Exchange Traded Funds, Bonds, and Cryptocurrencies.

“It offers a range of modern trading applications, which are unique in their ability to address differences in trader experience level. Clients can choose between several various offers including WebTrader, AvaTrade’s own platform, MT4, MT5, AvaOptions, the latest release of AvaTradeGO and AvaSocial, which is created for copy trading purposes.  

eToro

Source: Block Pug

eToro is a large social trading as well as multi-asset brokerage firm that has acquired a reputation for offering a complete online trading solution. Its corporate headquarters needed to be located in a strategic place, and this has placed it in Central Israel.

It originated in Tel Aviv in 2007 and was initially known as RetailFX before being rebranded as eToro, eToro was founded by brothers Yoni Assia and Ronen Assia together with David Ring. A major achievement was reached in 2010 with the launch of the social investment platform eToro OpenBook and the innovative CopyTrader option to have the trading activity of the best-performing people implemented within the network by an investor. It also sought to extend its operations further as it launched an Android application later that same year.

Throughout the years, eToro has seen significant successes in terms of funding, with the firm having raised an amount of $31. Funding was raised between 2007 and 2013 in four rounds and the global distribution of alternative medicine was financed up to $5 million. 

Some of the investors are; In December 2014, the company received $27 million from Russian and Chinese investors and the latest development was in 2018 when the company raised $100 million through a private funding round, making the total investment in the company by different investment firms to reach $162 million.

Due to the changing market, the platform expanded the range of available features, allowing users to trade various instruments including the shares, CFDs, commodities and foreign exchange. The formation of the specialized company was in December 2010, and it was registered under the name of eToro Europe Ltd; later in 2013, the firm received the permission to offer the services in the United Kingdom with the help of its subsidiary eToro UK Ltd The firm added the cryptocurrencies to its product offerings in January of the year 2014.

CMC Markets 

Source: Akamai

CMC Markets is a brokerage firm that serves as an intermediary to provide access to trade a wide range of over 12,000 forex and CFDs under the license of ASIC and FCA. Their trading platform incorporates the use of MetaTrader4 across several interfaces, computer, web, and mobile.

Furthermore, it offers trading features that enable computerized trading solutions, and trading tools like VPS services and AutoChartist from its company.

The fee model associated with forex and CFD with CMC Markets is also relatively attractive with trading fees generally ranging around the interbank rate +/- 0. A benchmark for determining whether or not they are good investment positions has been established with 0082% as the threshold for buy or sell positions. Exist some important features that should be mentioned: CMC Markets charges $0. £0. 02 per share on stock CFDs, which could make them relatively pricey when it comes to the trading of this type of asset. Secondly, for international bank transfers, they charge 10 USD after a certain threshold is crossed.

Furthermore, apart from online trading, CMC Markets focuses on users’ independent learning and constant support by offering educational materials and information. These comprise an economical calendar, daily/once-a-week morning briefing, weekly outlooks and tutorials in video, detailed platform tutorials, educative blogs, and live webinars and events. In addition, traders can obtain insights on trading courtesy of esteemed market analysts such as Michael Hewson, Tina Teng, and Kelvin Wong in the CMC Markets community.

IG Trading

Source: SoundCloud

IG is one of the established companies working under regulated forex and CFD brokerage that operates internationally and occupies a considerable share in the global market. L2 Dealer and ProRealTime are two platforms that open up a range of markets for trading; additionally, integration of an IG brokerage account with MetaTrader 4 provides even more markets.

Apart from providing trading platforms to accommodate trading operations, IG has gone out of its way to ensure that it provides traders with a wide range of educational tools such as the daily market update videos as well as technical and fundamental analysis. Newbies can make use of IG’s free demo account to practise their trades, experienced traders will get their share in the form of spread rebates and special features like digital options.

Some of the major strengths include general ability to trade gold via MetaTrader 4 (MT4) & ProRealTime (PRT), “varied opportunities to trade gold through futures contracts, CFDs and ETFs. ” IG has also kept reasonable gold fees for both CFDs and gold futures trading although it is important to note the higher minimum margin that is required especially when trading in retail CFDs and futures in gold.

The most popular features of IG include trading opportunities for over 17 Thousands of financial markets with a brokerage company that was founded in 1974. Based on contracts for difference and turbo24s, along with options on forex, indices, cryptocurrencies, shares and commodities, IG presents several trading opportunities to diversify your operation. 

Hence traders get unlimited free paper trading on real account, superior research and analysis tools including L2 Dealer and ProRealTime and additional TOP API for direct connection of Expert Advisors and other trading software. Notably, trading signals and alerts available to traders from IG can be of great value in determining when to buy or when to sell.

Tickmill 

Source: LInkedIn

Founded in 2014, Tickmill has carved a niche in terms of reliability, stating that the regulatory body is composed of five total, with first and the second tier. It is a London based brokerage firm which apart from providing trading platforms facilities for CFDs also trading futures and options of gold for its customer using its UK base.

As for details of gold trading, Tickmill reveals reasonable speed and competitiveness of operations. Currently the spread is 21 pips and this can be considered rather high when compared to the ratings listed above. Namely, the main gold available assets include the spot gold CFD against the US dollar (XAU/USD) and gold futures and options with real gold (Standard, Mini, and Micro). Leverage options for the spot gold CFD vary, with a ratio of 1:This is by being 20 times at the UK and European entities while being 1:500 at the offshore entity.

This categorises Tickmill as a broker that is dedicated to their clients and cutting through some practices such as fees incurred for inactivity and charges on deposits and withdrawals. To avail the personal account, clients are provided with a standard account that implies commission-free trading with floating spreads, while others can choose between Pro and VIP accounts with raw spreads plus fixed commissions.

IronFX

Source: Investopedia

Founded in 2010, IronFX is an online trading company that offers a wide product range mainly CFDs on the foreign exchange, precious metals, shares, stock indices, energies, and cryptocurrency. Furthermore, metal futures are also available as CFDs through this platform. IronFX is a global forex broker with its operating license originating from the European Union, licensed by the Cyprus Securities and Exchange Commission (CySEC) and the United Kingdom Financial Conduct Authority (FCA) apart from the offshore license which is unregulated.

In a live test IronFX keeps tight spreads, or comparatively acts in the frame of average industry rates, especially in the gold market where an average spread for gold is 43 pips. Gold CFD assets available for trading include Spot gold (XAU/USD), with leverage options of 1:20 at the UK and other European entities, and 1:1000 at the other offshore entities. Also there is an opportunity to trade other gold pairs like XAU/EUR.

IronFX allows its traders to trade also using the famous MetaTrader 4 besides its own Web trader. Currently, they are offered four live floating or fixed spread accounts and three STP/ECN ones. The options available for the four floating/live fixed spreads accounts are Islamic accounts.

The site accepts a variety of deposits and withdrawals; these include bank wire, credit cards, and digital wallets and cryptocurrencies. There is no commission for deposit/withdrawal, with the exception of bank wires, when clients withdraw under 300$.

Conclusion

In conclusion, it can be said that gold trading is conducted in Dubai and it has the features of luxury and financial temper which are oriented in this country. Investors target the city to explore profits from the gold markets since the city has a rapidly growing financial system. On the other hand, it can be always a challenge to choose the best trading platforms given the fact that there are numerous service providers in the market.