Cryptocurrency Trading in the UAE

Get started as a crypto trader in the UAE with FXOpen and trade the world's most popular cryptocurrencies – including Bitcoin and Ethereum. Sign up to our crypto trading platform now.
Open a crypto trader account
with FXOpen

FXOpen: The expert cryptocurrency trading platform

Why not apply your trading skills and experience to the crypto market with FXOpen? With tight spreads and deep liquidity, turn deposits into profits on our crypto trading platform. You get the chance to trade more than 40 crypto CFD markets – with up to 1:2 leverage. Diversify your portfolio and put your strategy to the test by trading at home or on the move with FXOpen.

Important: Cryptocurrency trading via CFDs is only available to our professional clients. To find out more information about how this may affect you, please get in touch with our team.

Advantages of cryptocurrency trading in the UAE with FXOpen

Peace of mind

One platform with multiple instruments and markets

Build your portfolio any way you choose. In addition to the crypto market, our dynamic platform enables you to trade forex, indices, commodities, and share CFDs in one single place.

We want you to be a successful trader

Your investment is fully safe and secure

We're fully authorised and regulated by the UK's Financial Conduct Authority, so all clients worldwide can have complete trust in the security of their deposits.

Make your money go further

Tailor our crypto trading platform to your needs

FXOpen gives you the freedom to trade crypto your way. Our choice of platforms put you in control of your decisions with features that you can customise to your preferences.

Ultra-fast execution

Invest in cryptocurrencies straight off the charts

With our crypto trading platform, you can place three types of order: market, limit, and stop. It's all due to the multiple manual trading options that we offer to all our crypto traders.

Your choice of trading strategy

Automatic crypto trading with ready-to-go scripts

Download and use ready-made scripts for automated cryptocurrency trading. You can also create your own scripts and ensure trades are made when and how you want them to be.

200+ markets offered

Insights and analysis to inform your decisions

We want you to be confident in your crypto trading. That's why we provide more than 50 built-in indicators and graphic tools for the insights, market news, and analysis you need.

Your introduction to cryptocurrency trading

For years, traders have taken positions on the direction of the foreign exchange (forex) market. This is driven by movements in the value of global currencies, such as the US Dollar or the Euro. More recently, however, an alternative has emerged: crypto trading.

The growing popularity of Bitcoin and other cryptocurrencies has created new and exciting opportunities. Using CFDs, traders can take a position on price movements in the crypto market – all without owning the underlying asset.

As with forex, there are numerous cryptocurrency pairs to trade using CFDs. These digital currencies aren't considered to be legal tender compared to government-issued fiat currencies. Crypto is, however, changing the trading landscape. And you can invest with leverage now.

How to trade cryptocurrency using CFDs

The owners of Bitcoin have benefited from its soaring value in recent years and so too have traders. Using CFDs, you can become a crypto trader in the UAE and take the first steps into the market with just a fraction of the capital required. You'll gain full exposure to a market that's highly volatile and highly promising.

As is the case on the forex markets, cryptocurrency trading is done in pairs. The basic principle of a CFD is that you are agreeing to exchange the difference in the price of a cryptocurrency between your opening and closing positions.

Traders taking up a long position will make a profit if the value of the cryptocurrency rises. In a short position, profits will be made if the cryptocurrency’s value falls. Our crypto trading platform gives you the freedom to control your actions or automated orders at all times.

Here's an example of how to trade cryptocurrency as a CFD:
forex
Trader A chooses to trade Bitcoin (BTC) against the Dollar (USD) – BTC/USD.
price
The current price quote is 46,700 / 47,700.
chart
Trader A predicts the BTC value will increase, buying 1 lot at 47,700.
flower
Trader A's exposure is 47,700.
bitcoin-grow
BTC's value increases to a price quote of 52,400 / 53,400.
close
Trader A closes the position by selling 1 lot at 52,400.
Before charges and commission, Trader A makes a gross profit of $4,700.

Looking to start capitalising on new opportunities with one of the best crypto trading platforms online? Open your free FXOpen account today.
Crypto CFDs are for professional clients only.

Becoming a crypto trader in the UAE with FXOpen: What you need to know

If you believe cryptocurrency trading in the UAE offers you the best opportunities, you need to be alive to the risks. As with all forms of trading using CFDs, you are fully exposed to the market and, as a professional client, you could stand to lose all of your initial crypto investment.

One of the unique features of the crypto market is its volatility, which can be extreme. Trading with leverage in markets of this nature means that your losses may be rapid. In order to safeguard your portfolio, it’s important to never risk more than you can afford to lose.

It is also crucial to be clear on how both the crypto market and CFDs work. You can check out the FXOpen Knowledge Base for more information and insight.

The crypto trading platform for expert traders

At FXOpen, our unique price aggregation makes us one of the best cryptocurrency trading platforms for expert traders. Our Electronic Communication Network (ECN) accounts deliver the most cost-effective form of trading and offer access to the most favourable market conditions.

We have Expert Advisors on hand to support crypto traders in the UAE, while scalping and hedging are also possible thanks to our ECN technology. Please don’t hesitate to get in touch with us if you'd like to find out more.

Features of our crypto trading platform include:

  • Floating spreads
  • 1:2 leverage
  • 30% margin call
  • 24/7 trading time
  • 0.01 lot minimum transaction size (no maximum)

With FXOpen, your trading won't be restricted to just one instrument. When you open an account you can diversify your portfolio as you see fit. As well as crypto markets, we offer trading opportunities in forex, stocks and shares, global indices and commodities.

FXOpen puts you in control of your cryptocurrency trading. And you can get started today.

Open a crypto trader account
with FXOpen

How safe is cryptocurrency trading?

The crypto market is never risk-free. The opportunity to make a profit is equalled by the potential to make a loss. But this in itself shouldn't put you off trading crypto in the UAE. As long as you’re aware of the risks, you can make cryptocurrency trading work for you.

It's worth bearing in mind that there are some risks that are unique to the crypto market.

  • Digital: Cryptocurrencies exist solely in the form of digital codes and there are no tangible assets to own. The foundation of these currencies are types of database called blockchain. Encryption offers a significant amount of protection, but security threats remain.
  • Regulation: As crypto trading grows in popularity, regulation has struggled to keep pace. Many countries don't regulate their use or consider them to be legal tender. In the UK, the FCA has deemed crypto products as being only suitable for professional clients – not retail clients.
  • Volatility: The crypto market is arguably the most volatile market and fluctuations in price from one moment to the next can be sudden and dramatic. This can magnify your profits, but it can also have the same effect on your losses.

Are there different types of cryptocurrencies?

Yes.

The likes of Bitcoin and Litecoin provide a digital alternative to fiat – or payment – currencies. Others, such as Ethereum, are 'altcoins'. Rather than being used as a way to pay for things, it's a platform on which you can create blockchain apps or new tokens.

Other cryptocurrency types can help users exchange crypto assets or manage personal data.

With FXOpen, you can trade more than 40 cryptocurrency CFDs. Bitcoin and other options such as Litecoin or Ethereum are perhaps the best known, but our crypto trading platform also offers pairs including EOS, Ripple (XRP), and Dash.

Open a crypto trader account

Why start trading the crypto market?

Traders are increasingly looking towards the crypto market due to is the volatility. Fluctuations can be sudden and dramatic, offering the chance to make big gains on an initial investment. It does, however, mean there is an increased risk.

Liquidity is another reason to trade crypto with FXOpen using CFDs. Our crypto trading platform takes its prices from numerous exchanges. As such, we can offer competitive spreads and quick execution. For traders looking for rapid gains, that can make all the difference.
Don't forget, as a crypto trader in the UAE with FXOpen, you can access the markets all day, every day. With the MT4 platform, you can do that on any device and from any location too.

Trading the crypto market: Factors to watch out for

No market is immune to internal and external forces. The factors that can influence the crypto market include:

  • Supply and demand: The price of cryptocurrency can rise sharply if demand outstrips supply. If there is a surplus supply, the price will fall.
  • Regulatory decisions: Countries are still grappling with how to regulate crypto. Some are even banning it outright.
  • Fiat currency markets: Much like some fiat currencies can impact the value of others, they can also drive the price of crypto up or down.
  • Press and media: News reports can heavily influence confidence in crypto, whether it's positive or negative.
  • Technology and infrastructure: It's not all about the security of crypto exchanges. As crypto integrates with more payment systems, its value will increase.

Make crypto trading work for you with FXOpen

The most successful crypto traders understand what they're trading and how it works. It's essential to have a strategy that sets out what you want to achieve and the best way to reach those objectives. By having a plan in place, you're well-placed to make a profit.

After opening your cryptocurrency trading account, it's time to choose the trades you want to make. With a range of tools and features at your fingertips, you'll have the best information to hand. You might look to capitalise on a booming cryptocurrency, or you could be simply looking for quick-return opportunities. With us, you'll find them.

Other factors that can help you succeed as a crypto trader in the UAE include the timing of your transactions and keeping track of your current open positions. You should always be 100% sure what your current exposure is. Otherwise, a small loss could soon start to accumulate.

How much does it cost to trade crypto?

With our cryptocurrency trading app, there's a small commission to pay as you open and close positions. Our commissions are 0.5% half-turn, with a minimum 0.01 lot transaction size.

For more details, consult our Knowledge Base.

A swap charge is applied on crypto trading accounts for clients who move their positions to the next trading session. This is 10% per annum of the value of the open position.

At FXOpen, we're always here if you need further support – feel free to contact us with any queries or concerns you have. Our live chat service is open from 6am to 6pm, five days a week too.

Open a crypto trader account
with FXOpen

*Important: Cryptocurrency trading via CFDs is only available to our Professional clients. To find out more information about how this may affect you, please get in touch with our team.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.