In this guide, we go over the best trading platforms in UAE for swing trading. All of the brokers on our list offer support for swing traders through dynamic charting, watchlists, multiple timeframes, chart drawing toolkits and algorithmic trading. 

Before you open an account with any broker, make sure to understand your requirements and risks connected with swing trading.

For this guide, we have analysed and compared the 5 top trading platforms in UAE for swing trading in 8 major categories to help you make an informed decision.

Top 5 Trading Platforms in UAE for Swing Trading

1. Interactive Brokers – Best for Swing Trading Stocks and ETFs
2. AvaTrade – Best for Forex and CFD Swing Trading
3. TradeStation – Best Trading Platform for Swing Trading Options and Futures 
4. IG Trading – Best Choice of Trading Platforms for Swing Traders
5. Saxo Bank – Best for Professional Swing Traders

RANK	BROKER	GENERAL	PLATFORM SCORE	BEST FOR	WEBSITE
#1	Interactive Brokers	Competitive trading fees	4.9 / 5	Swing Trading Stocks and ETFs	Official Website
#2	AvaTrade	Offers advanced Strategy Tester	4.8 / 5	Forex and CFD Swing Trading	Official website
#3	TradeStation	Commission-less stock	3.7 / 5	Swing Trading Options and Futures	Official website
#4	IG Trading	Great technical and fundamental analysis tools	5 / 5	Trading Platforms for Swing Traders	Official website
#5	Saxo Bank	Over 40,000+ tradable assets	4.9 / 5	Professional Swing Traders	Official website

Best Brokers in UAE for Swing Trading Reviewed

The section below breaks down the best brokers in UAE for swing trading, including their pros, cons and key features.

Interactive Brokers – Best for Swing Trading Stocks and ETFs

Interactive Brokers TWS and GlobalTrader Key Features for Swing Traders: 

• Wide Range of Available Assets – users have access to forex, CFDs, options, futures, commodities, cryptocurrencies, stocks, and ETFs. 
• Excellent Desktop Trading Platform – the TWS platform offers a variety of trading features and tools specifically designed for swing traders. 
• Supports Algorithmic Trading – users can connect Expert Advisors and trading scripts to their account via APIs and deploy over 100 algos to automate trades.
• Great Mobile Trading Platforms – mirroring the desktop platform features they allow users to trade from anywhere approach.
• Advanced Analytical and Market Research Tools – users have access to Portfolio Analyst, Risk Navigator, Social Sentiment Bars, Economic Calendars, Arbitrage Meter, and Advanced Market Scanner to conduct in-depth technical and fundamental analysis.

Interactive Brokers requires swing traders to maintain a minimum account balance of $25,000 in order to engage in day trading.

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AvaTrade – Best for Forex and CFD Swing Trading

AvaTrade Key Swing Trading Features:

• Wide Variety of Tradable Assets – access to forex CFDs, cryptocurrencies, commodities, indices and vanilla options.
• MetaTrader and Third-Party Compatibility – full compatibility with MetaTrader (4 and 5) TradingView, DupliTrade, ZuluTrade, and Capitalise.ai. 
• Options Trading Opportunities – access to vanilla options on over 40 forex pairs
• Feature-Packed WebTrader – it offers multiple order types, dynamic charting, an extensive drawing toolkit and other technical analysis tools for swing traders.
• Automated Trading – allows automation of swing trading strategies through Expert Advisors, APIs and social trading extensions (AvaSocial, ZuluTrade, Duplitrade)
• Extensive Research Tools – include a range of technical and fundamental analysis tools such as technical indicators, economic calendars, and trader sentiment bars.

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TradeStation – Best Trading Platform for Swing Trading Options and Futures

TradeStation Key Swing Trading Features:

• Great Choice of Trading Instruments – users can trade on a variety of stocks, ETFs, options, futures, futures options, crypto, IPOs, mutual funds, and bonds.
• Competitive Trading Fees – TradeStation offers commission-free stock, ETF and stock options. They charge a low fee of $1,50 per contract/per side on futures and futures options.
• Professional Grade Proprietary Platform – offers access to real-time market data, advanced order management, fast and reliable trade execution, fully customizable charting, dynamic market-scanning tools, and tools to design, test, optimize, monitor, and automate swing trading strategies.
• Trade Ideas –  TradeStation’s Strategy Performance Report provides swing traders with useful trade ideas based on their own strategies. 
• Algorithmic Trading – allows users to automate trades with through APIs, Expert Advisors, trading scripts, and other types of automated software.

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IG Trading – Best Trading Platforms for Swing Traders

IG  Key Swing Trading Features:

• Broad Range of Tradable Assets – access to a variety of forex, CFDs, stocks, ETFs, and cryptocurrencies.
• Multiple Trading Platforms – proprietary  (desktop, WebTrader and mobile app), MetaTrader 4, ProRealTime and L2 Dealer. 
• Identify Chart Patterns Automatically – IG’s AutoChartist uses technical indicators such as Fibonacci retracements to monitor the markets 24/7 and warns users of favorable trading opportunities in real-time. 
• Premium Trading Signals – offers users ‘buy’ and ‘sell’ suggestions based on technical or fundamental analysis tailored to their personal trading strategies.

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Saxo Bank – Best for Professional Swing Traders

Saxo Bank Key Swing Trading Features:

• Vast Range of Available Assets – access to stocks, ETFs, forex, CFDs, futures, and options
• Beginner and Professional Grade Platforms and Features – SaxoTraderGo and SaxoTraderPro cover trading needs for beginner to advanced traders. 
• Professional Insights – users have access to market insights from in-house trading experts on market trends and price movements.
• Advanced Algorithmic Trading – Saxo’s FIX and OpenAPIs allow users to swing trade on auto-pilot via Excel, or by using third-party Expert Advisors, trading scripts, and other automated trading software.

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How Did Business24-7 Selects The Best Brokers for Swing Trading in the UAE?

To create our list of the best trading platforms in UAE for swing trading, we have analyzed and compared 112 online brokers across nine different categories. We checked 

• Availability of different assets for swing trading 
• Fees – besides trading fees we took a look at trading conditions 
• Dynamic charting and drawing tools – vailability of drawing tools and dynamic charting for easy technical analysis. 
• Wide variety of platform features – availability of watchlists, multiple timeframes, custom indicator Import features, extensive trading, and order history. 
• Algorithmic trading support – availability of algorithmic trading through Expert Advisors, APIs, scripts, and automated trading software. 
• Customer support – availability of support in English and Arabic 24/7 
• UAE Availability 

What is Swing Trading?

Swing trading is a trading technique that profits from short to medium-term price swings, typically several days or weeks. Swing traders use technical and fundamental analysis to find favorable entry and exit points for their long and short positions.

Swing traders determine their trades based on a risk/reward basis and use risk management tools like stop-losses to reduce their potential losses and take-profits to lock in their profits. Swing traders often use the 1-hour and 15-minute charts but can also use other charts to track their open positions.

Swing Trading Strategies Allowed in UAE

Below are the most common swing trading strategies allowed in the UAE:

• Trend Catching Strategy – traders hold their position until the trend changes due to a reversal, pullback, or breakout. The goal of swing traders with this strategy is to identify the trend and favorable entry and exit points.

• Fading Trading Strategy – requires swing traders to trade against momentum (counter-trend). The goal of this strategy is to profit from price corrections by predicting reversals. This strategy is suited for institutional traders as it requires a lot of skill and involves significant risk.

• Breakout Swing Strategy – requires swing traders to look for price breakouts and open long positions at the beginning of an uptrend. By “riding the wave” of the trend, these swing traders try to make as much profit as possible. 

• Breakdown Swing Strategy – requires swing traders to trade breakouts above and below support and resistance levels at the beginning of an up or downtrend. This strategy is well-suited for traders that have experience in trading a certain asset and know its price movements.

Apart from these swing trading strategies, swing traders scan the charts of multi-day patterns such as head and shoulder patterns, flags, and triangles. After recognizing a certain pattern, the swing trader sets up a plan and strategy with a favorable risk/reward ratio. 

What Is The Difference Between Swing Trading and Day Trading?

The main difference between swing trading and day trading is that swing traders keep positions open for longer. Day traders close their positions at the end of each trading day, whilst swing traders trade intraday and keep positions open for multiple days or weeks. 

Swing traders pay more trading fees because they pay overnight fees and take weekend market risk but generally take a smaller risk because they open smaller trades than day traders. Swing traders typically use 2:1 leverage, whilst day traders use 4:1 to 6:1 leverage. 

Swing Trading Indicators

Swing trading indicators are technical analysis tools that help swing traders spot favorable entry and exit points and show where the current trend is heading. Here are the 5 best swing trading indicators for UAE traders:

• Moving Averages – Moving averages or MAs measure the price movements of an asset over a certain period. The 5-, 50-, 100,-, and 200-daily moving averages confirm trends over a longer timeframe and help swing traders spot momentum.

• Stochastic Oscillator – is a momentum indicator that compares the closing price of an asset to its price range over a certain timeframe. The stochastic oscillator is shown on a chart with a value of between 0 and 100. 

• Volume – Volume shows the strength of a price trend. The higher the volume, the stronger the trend. Swing traders use volume indicators to sport breakouts.

• Ease of Movement – or EOM shows how volume relates to price action. By checking this indicator, swing traders can identify whether market movement is being driven by low trade volume. 

• Relative Strength Index – shows whether an asset is overbought or oversold and whether a price swing can be expected soon. The RSI measures the number and size of an asset’s positive and negative closing prices over a certain period and is represented by an oscillator on a 0 to 100 chart. 

FAQs About Swing Trading