Emirates NBD Securities vs Interactive Brokers

Emirates NBD Securities vs Interactive Brokers Comparison Table 2023
Emirates NBD Securities Review 2023	Interactive Brokers Review 2023
Review 2.9 Emirates NBD Securities is #36 in our broker rankings.	Review 4.3 Interactive Brokers is #13 in our CFD broker rankings.
Traders from US accepted	Traders from US accepted
Emirates NBD is a Dubai-based broker, established in 1963. The brand services 20+ million customers in over 13 countries and is recongized as a leading financial services provider in the UAE with AED 800+ billion in assets. Retail investors can speculate on four major markets including the Abu Dubai Securities Exchange (ADX).	Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
Comment by Reviewer
"Traders who want a reliable MENA brokerage with a choice of trading platforms and backing from an established bank should check out Emirates NBD."	"Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten."
Pros
The company is licensed by the Central Bank of the UAE and the Securities and Commodities Authority (SCA) A convenient daily trading programme can be used to automate mutual fund investments with a minimum trade value of AED 8 Transparent pricing model with commission fees by exchange outlined plus a useful commission calculator THARAA' loyalty program with tiered membership status and rewards for every completed transaction A good choice of trading platforms with mobile app compatibility, plus telephone order execution Customer support is available 24/7 via phone, email or online chat bot Leveraged trading options available	Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40 You can trade from multiple account types, such as IRA, single registered, joint Proprietary workstation comes with powerful tools and charting capabilities Regulated by some of the world's most reputable bodies including in US You have a reliable real-time market data feed, that rarely goes offline Diverse payment options and account currencies Commission reimbursement with Toggle AI Low commissions and tight spreads
Cons
Trading focused on the MENA region with limited global exposure An Emirates NBD banking account is needed to deposit and withdraw A AED 3000 minimum must be maintained across bank accounts Slim investment offering with no forex trading Mobile app navigation trails the best brokers There is no demo account for new clients There is limited education for beginners Slow sign up process	Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day Platform and web interface are complex and difficult for beginners to pick up Accessing products like CFDs is not straightforward compared to competitors The TWS platform falls short in terms of technical charting Mediocre customer support
Awards
Nasdaq Dubai's Retail Broker of the Month Award for April 202 Nasdaq Dubai's Retail Broker of the Month Award for February 2022 Nasdaq Dubai's Retail Broker of the Month Award for December 2021 5-Stars DFM Brokers Excellence Rating certification for the year 2020 Nasdaq Dubai's Retail Broker of the Month Award for June 2020 Nasdaq Dubai's Retail Broker of the Month Award for April 2019 Nasdaq Dubai's Retail Broker of the Month Award for February 2018
Instruments
Stocks	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
No	Yes
Minimum Deposit
$0	$0
Trading Platforms
Own	AlgoTrader OmniTrader eSignal TradingCentral
Payment Methods
Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
$0	$100
Regulator
SCA	SEC, FCA, IIROC, SFC
Margin Trading
Yes	Yes
Margin Rate
	1.55 - 2.59%
STP Account
No	Yes
ECN Account
No	No
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android and Windows
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	No
Account Currencies
USD AED SAR	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
Abu Dhabi Securities Exchange Dubai Financial Market Nasdaq Dubai Tadawul	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
CFD trading not offered	Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.
Leverage
	1:50
FTSE Spread
	0.005% (£1 Min)
GBPUSD Spread
	Commission (.20 pts x trade value)
Oil Spread
	N/A
Stocks Spread
	From 0.003 per share, variable
Forex Trading
Forex trading not offered	Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
GBPUSD Spread
	Commission (.20 pts x trade value)
EURUSD Spread
	Commission (.20 pts x trade value)
EURGBP Spread
	Commission (.20 pts x trade value)
Assets
	70+
Cryptocurrency
Crypto trading not offered	Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.
Spread
	Variable
Coins
	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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