The Best Online Trading Broker in UAE

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The Best Online Trading Broker in UAE

Dubai is one of the fastest-growing regions globally and a significant financial hub for the Middle East. The income level of the general population here is high and its residents here are constantly looking for new investment opportunities.

The region is home to many Forex Brokers due to its fast economic development and strong investment potential. This has increased interest in forex trading, particularly among UAE citizens.

The simple accessibility to stock market and excellent liquidity of the forex markets are generally well known; however, a reputable stock broker is required to carry out the strategies of a trader/investor.

Choosing the right stocks, to the best trading broker in UAE, to financial consultants in Dubai, all the way to the best crypto to invest in should be highly considered by traders before diving head first into the global investment market.

Orient Finance: Online Broker In Dubai

Established in 1994 with the goal of challenging and revolutionizing traditional trading methods, Orient Finance, an online financial trading organization with its headquarters in Dubai and has been a trailblazer in offering a cutting-edge, user-friendly, and balanced online trading platform (with technology & innovation) since it started.

Orient Finance understands its client's needs and that's why they offer its customers well-informed investment alternatives that enable them to engage in trading through a 24-hour open window, all while offering low spreads and competitive margins, and cutting-edge trading instruments. They can also be considered one of the best trading platforms for beginners because the simple and robust.

The Securities & Commodities Authority (SCA) regulates Orient Finance, allowing it to carry out brokerage in OTC derivatives and currencies in the Forex market. They have become a well-known and reputable online broker in Dubai, the financial and commercial center of the Middle East.

Orient Finance gets favorable ratings on websites like Trustpilot as well as respectable comments on Reddit and Quora. Overall, this broker is trusted for trading Stocks, Currencies online, CFDs, Cryptocurrencies, Forex, ADR, Spot Metals, Commodities, and Futures.

How To Register With Them

Experienced investors can open an account by signing up on the website or by contacting them at +971-48713200 or by physically visiting their office at 2306, The Exchange, Business Bay, Dubai, UAE.

As For Beginners:

  1. The Orient Finance team will sit down with them to clearly understand their trading needs and make investment suggestions as well as recommend a suitable trading platform.
  2. The team will then demonstrate how to use one of the two trading platforms offered (MetaTrader 5 and Saturn trader).
  3. If needed, the investors will then be given an option to practice on a demo account to sharpen their trading skills for a few days.
  4. Once when the investor is ready, they will sign an application form and the account will be opened in under 60 minutes; post which they can fund and start trading immediately.

Accounts can conveniently be locally funded via bank transfers, using a debit/credit card, or via cheque.

Client’s money will be deposited in segregated bank account at Emirates National Bank Dubai (NBD).

Though the team at Orient Finance says that, account withdrawal requests can take about 48 hours to reflect on the client’s bank account more than 98% of withdrawal requests reflect within 6 hours of the requests being placed successfully.

Investors can access a free copy of the ‘Daily Technical Strategies’ document which informs them about current trends, all while having access to a 24-hour, 5 days weekly support team and with more than 5000 Global investment opportunities to choose from.

Cryptocurrencies:

The cryptocurrency market is the most cutting-edge investment option and the industry that has been garnering interest from investors all around the world. The cryptocurrency markets, which are quickly expanding and offering investors significant opportunities, have been dubbed the "currencies of the future". By gaining access to a variety of crypto assets with Orient Finance, you may ride the wave of cryptocurrency without having to hold the actual coins. Such transactions don't need a cryptocurrency wallet. Some of the cryptocurrencies Orient Finance offers include Bitcoin, Ethereum, Lite Coin, and Cardano, among others.

Futures:

Futures contracts are derivatives, and the underlying instrument determines their value. A futures contract is a commitment to purchase or sell an asset or share at a future date and price that have been mutually agreed upon. Through Currency Futures, Energy Futures, Financial Futures, Metal Futures, and others, Futures offer a few strategies to spread the investment. Some of the ups to Futures contracts include leveraged trading, higher profit potential, and high liquidity, exchanges also facilitate trading on Futures markets, and lower commission charges.

Whether a Future contract makes a profit or a loss will be determined by the difference in the underlying price on that specific date.

Commodities:

The more traditional type of trading, commodity trading, is a common way for investors to broaden their portfolios beyond standard assets. Commodities available through Orient Finance include Gold Futures, Spot Gold, Oil Futures, Brent Crude Oil Futures, Copper Futures, and WTI Crude & much more

Forex:

You can trade currency pairs from different countries all over the world on the foreign exchange (Forex/FX) market, which is an international marketplace. With daily transactions totaling an unbelievable 6.6 trillion dollars, the forex market is a huge worldwide financial sector that enables investors to diversify their investments abroad.

Spot Metals:

Metals trading on the spot market is one of the most preferred trading options available for trading precious metals like gold and silver. Gold is the oldest investment commodity still in use today and is used as a hedge against inflation and unpredictability. Numerous chances exist as a result of the constant fluctuations in metal prices caused by supply and demand, international political events, interest rates, and various other economic factors.

ADR:

The security or share of a foreign firm that is indirectly traded on US exchanges is known as an American Depository Receipt (ADR). One of the easiest ways for investors to purchase equities in foreign companies is through American Depository Receipts (ADRs). ADR serves as a significant investment alternative for international businesses who do not wish to directly engage in the complexity of the US stock market. Some of the ADRs include ICICI Bank,  Dr.Reddy’s Lab, Wipro, Tata Motors, Infosys Technologies and much more.

One or more shares of the foreign business may be represented by a single ADR. ADR value is influenced by both the firm and the foreign exchange rate.

Final Note:

Online investment offers you numerous opportunities to earn money. Whether you are a novice or an experienced trader, online trading has many benefits. One can have access to a number of online financial brokers in the UAE like Orient Finance, among others, that offer superb trading platforms and support multitudes of currency pairs. These brokers will help you make the right financial decision and give you adequate opinions regarding your investments.

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