We found 11 online brokers that are appropriate for Trading United Arab Emirates Investment Platforms.
Effects of the pandemic are not just limited to a single country. Instead, its effects were seen worldwide. Many governments introduced stimulus measures & accommodative fiscal policies, but it was not enough to reverse the economic damage. As a result, global growth suffered and contracted 4.5% in the year 2020.
The world is facing a recession that can be compared with the worse economic conditions seen during World War II.
There is one country, though, that moved forward during the pandemic & that was China. This was also the country that was point zero for a pandemic. But the containment measures & government policies helped the government to get the Chinese economy back on track. However, china's economic growth was also only around 1.9%. Such a slow growth in GDP was not seen in the last 40 years.
GCC countries were also no exception for the pandemic and, as such, saw their economies turn negative. However, countries such as UEA & other gulf countries faced problems from two sides. On one side, there was the COVID-19 pandemic. On the other side, revenue from oil export took a major hit.
Global oil demand was at the lowest point when the pandemic first started. Since most countries didn't agree to slow down production, the end result was lower crude oil prices. As a result, most GCC countries lost a big portion of revenue.
We can say that low crude prices directly caused the widening of the budget deficit in the UAE and other gulf countries. Further spending on fiscal stimulus did help the economy but further increased the budget deficit of the United Arab Emirates.
Data from the government showed that UAE spent most of its stimulus package on wages, investment, and providing subsidies to struggling firms. These measures helped UAE to contain the pandemic damage to some extent.
The Central Bank of the United Arab Emirates (UAE) also played a pivotal role during the crisis. Central Bank injected liquidity into the banking system, which was used to help the struggling borrowers.
Nevertheless, the economy of the United Arab Emirates contracted 6.9% in 2020. The contraction was seen despite the healthy stimulus package offered by the authorities. The oil & energy sector also saw a decline, just like all other oil-exporting sectors. In recent years, UAE has positioned itself as a prime tourist destination. Due to COVID-19, UAE had to impose harsh restrictions on entry and exit from the country. As a result, the tourism sector also contracted in 2020.
With borders closed and no incoming/outgoing flights, the transport & logistics sector were affected. As the world was also struggling to contain COVID-19, global trade as a whole also declined to new levels. All of these factors combined and produced a deadly blow to the country's economy. Such a situation was not seen since the last financial crisis.
The contraction of the economy in 2020 saw a lot of people losing their jobs in the private sector. Job loss and pandemic uncertainty dampened the domestic consumption as well as investments in the 3rd and 4th quarters of the year. Despite the opening of the economy, consumption and private investment remained depressed.
Despite all the problems caused by the pandemic, there is a light at the end of the tunnel for UAE. The light at the end of the tunnel is 'Vaccines.' Authorities have approved some vaccines to fight against the COVID-19. If the country manages herd immunity by providing vaccines to all citizens, the situation could return to normal within months. However, full growth in UAE may only return once global growth is also normalized.
This year and the next one could turn out to be positive for the United Arab Emirates. Some of the positive developments for GCC and UAE are:
Overall, the year 2020 will see other sectors besides oil to grow 3.5%. In terms of overall GDP growth, the forecast is around 1.9 percent.
UAE is a small gulf country but boasts a big & vibrant economy due to its role in global trade, oil exports, and incoming tourists. The government has used the oil revenue to develop modern infrastructure, which surpasses even the developed countries.
Only a global economy will help the UAE to return to its normal path of economic growth. Gulf Business, a famous website, has recently published a GDP growth forecast of 1.9% for the year. According to the website, recovering prices of crude oil & tourism will return to the country in 2024.
We have conducted extensive research and analysis on over multiple data points on United Arab Emirates Economic Forecast to present you with a comprehensive guide that can help you find the most suitable United Arab Emirates Economic Forecast. Below we shortlist what we think are the best United Arab Emirates Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching United Arab Emirates Economic Forecast.
Selecting a reliable and reputable online United Arab Emirates Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade United Arab Emirates Investment Platforms more confidently.
Selecting the right online United Arab Emirates Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for United Arab Emirates Investment Platforms trading, it's essential to compare the different options available to you. Our United Arab Emirates Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a United Arab Emirates Investment Platforms broker that best suits your needs and preferences for United Arab Emirates Investment Platforms. Our United Arab Emirates Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top United Arab Emirates Investment Platforms.
Compare United Arab Emirates Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a United Arab Emirates Investment Platforms broker, it's crucial to compare several factors to choose the right one for your United Arab Emirates Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are United Arab Emirates Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more United Arab Emirates Investment Platforms that accept United Arab Emirates Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare United Arab Emirates Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top United Arab Emirates Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top United Arab Emirates Investment Platforms below.
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