Brokers With AED Accounts

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James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Brokers with AED accounts allow traders to manage their portfolios with the UAE Dirham as the base currency. They are popular with local investors as well as active forex traders. This guide will cover the benefits of AED accounts, touch on the history of the currency and list the top supporting brokers.

Brokers With AED Accounts

These are the 1 best brokers that offer accounts with AED as the base currency:

Click a broker for details
  1. 1
    Interactive Brokers

    Ratings
    4.5 / 5
    3.5 / 5
    4.6 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5

    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

This is why we think these brokers are the best in this category:

  1. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

Brokers With AED Accounts Comparison

Brokers With AED Accounts Comparison
Broker Minimum Deposit Instruments Platforms
Interactive Brokers logo
$0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
RegulatorFCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit$0
Minimum Trade$100
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.
  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.

Cons

  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

What Is An AED Account?

An AED account means you can deposit, hold and trade in the UAE Dirham. This is known as a base currency and is essentially the money your account is denominated in. All profits, losses, commissions and fees are processed in your account currency.

Some brokers accept a single base currency for all account holders, for example, the US Dollar. However, the best providers and platforms offer accounts in a range of popular currencies, making it easier for local investors to manage their trading activity.

The base currency can be selected during account registration. It is also worth noting that you do not have to deposit in your chosen money. Brokers can convert this at the current exchange rate, subject to any additional fees.

AED Currency Explained

The United Arab Emirates Dirham (AED) is the official currency of Dubai and the other seven Emirates. It replaced several different currencies in 1973, including the Dubai riyal.

The AED is pegged to the USD, making it one of the most stable currencies in the world. This is mainly due to the United Arab Emirates’ reliance on oil exports which are traded in USD. The pegged rate remains at 3.6 AED to 1 USD.

The monetary policy of the Emirates is directed by The Central Bank of The UAE (CBUAE). Its responsibilities include promoting stability and efficiency in the financial system, protecting consumers through effective supervision, as well as supporting economic growth.

The AED Dirham is not a heavily traded currency, ranking outside of the largest 30 worldwide and accounting for just 0.2% of the daily forex market turnover. Still, it is popular with investors interested in more stable currencies and those that speculate on oil markets.

Benefits Of Brokers With AED Accounts

How To Check A Broker Offers An AED Account

It may not be immediately apparent if a broker offers an AED trading account. We recommend taking a look at the deposit and withdrawal page as firms tend to list accepted currencies by payment method here.

Alternatively, the new account setup page should provide details of base currencies. A drop-down selection is typically integrated if more than one currency is available.

If it is still unclear, reach out to the broker’s customer service team. Live chat is usually the most responsive.

Comparing Brokers With AED Accounts

Once you’ve identified brokers with AED accounts, there are a few considerations to review before signing up:

Final Word On Brokers With AED Accounts

Brokers with AED accounts help simplify the trading experience for residents of the United Arab Emirates, as well as those actively investing in the currency. The predictability of the currency due to its peg to the USD helps protect against volatile price shifts.

Look for brokers with competitive fees, innovative tools and platforms, plus a trusted regulatory license. See our list of the best AED brokers to start trading today.

FAQs

What Are Brokers With AED Accounts?

Brokers with AED accounts offer live trading solutions with the United Arab Emirates Dirham (AED) as the base currency. This means all trading activity and account management are executed in this money.

How Can I Find Out If Brokers Offer AED Accounts?

Available base currencies are often listed on the account profile webpage or within the deposit and withdrawal section of a broker’s website. If information is unclear, reach out to the broker’s customer service team.

Can Anyone Open An AED Trading Account?

Most retail investors can open an AED trading account regardless of their country of residency. Remember though, it is your responsibility to comply with local tax requirements.

How Can I Choose The Best Brokers With AED Trading Accounts?

There are many considerations when choosing between brokers. Your personal preferences and requirements may play part in this but other factors to compare include trading platforms, fees, regulatory status, plus access to customer support.

Do Brokers With AED Accounts Have To Be Regulated?

Brokers registered within the United Arab Emirates should comply with the guidance of the Securities Commodities Authority (SCA) and the Central Bank of UAE. International brokers with AED accounts may hold a license with other financial bodies, such as the UK Financial Conduct Authority (FCA) or the US Securities and Exchange Commission (SEC).