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Is Robinhood Available in Dubai & the UAE? Alternatives in 2024!

Conor Scott, CFA| Updated April 3rd, 2024

We all know about Robinhood, the medieval legend which has returned to bring the modern world discount stock and crypto investing.

As financial centers in the MENA region (Middle East & North Africa) grow to lead the global economy as the Covid-19 pandemic finally fades into history, the natural question for nomad capitalists and hungry investors becomes: is it available in Dubai & the UAE?

To recap: Robinhood is modern, sleek, easy-to-use, suitable for busy professionals or students who value commission-free trading in products such as ETFs, ADRs, stocks, and cryptocurrencies. Its capable rivals include the likes of Webull, E-Trade, and TD Ameritrade.

Want to know if Robinhood is available in the UAE, what its expansion plans are, and the alternatives available for UAE users? We’ve got you covered!

Is Robinhood Available in the UAE?

Unfortunately, Robinhood is not yet available outside the US and the UK.

It has opened in the UK in early 2024.


Robinhood account opening – Robinhood doesn’t work in the UAE

Most recently, in early 2022, Robinhood has set aggressive goals to “open their crypto platform to customers internationally.” With this in mind, Robinhood has signed an agreement to buy Ziglu, a London-based crypto trading app, to help accelerate their international expansion, both in the UK and across Europe.

But do not lose hope! Whether you live in the UAE, Qatar, Bahrain, Israel, or any other country in the region, you will find proven alternatives (perhaps even more reliable than Robinhood).

The Covid-19 stock crash during the first quarter of 2020 showed some vulnerabilities of the Robinhood platform. The app collapsed several times, and investors could not trade during the most volatile markets in history (i.e., Gamestop, Dogecoin). The company is facing some lawsuits due to these outages.

Further, Robinhood has already faced some security breaches revealing sensitive information about its clients, and, at one point, it even allowed “infinite leverage” that was shortly corrected afterwards. Some clients experienced major losses.

Robinhood Alternatives in the UAE

To help us answer this question, we focused on low-cost brokers, available in the UAE.


With over 30 million users, eToro is the leading social investing platform (copy and follow other traders/investors). It offers commission-free stock trading.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees).
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.


Plus500 is one of the leading CFD brokers. It offers no commissions when trading CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, and ETFs. It also recently launched Plus500 Invest for those who want to invest in real shares.
Disclaimer: 82% of retail CFD accounts lose money.


One of the world’s largest stock exchange-listed brokers, XTB provides traders access to hundreds of markets through forex, indices, commodities, CFDs, and cryptocurrencies. It also features low spreads and commission-free trades.

80% of retail CFD accounts lose money.

1# eToro

etoro logo
Visit eToroIs Robinhood Available in Dubai & the UAE? Alternatives in 2024! 1

51% of retail CFD accounts lose money.

eToro at a glance

0% Commission(On Stocks)
Mobile App
ProductsETFs, Stocks and CFDs on Indices, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$50
RegulatorsCySEC, FCA, and ASIC

Founded in 2006, eToro is a well-known, worldwide fintech startup and the leader in social trading (following other people’s trades), with over 30 million users globally. You can also invest in other products through their intuitive platform, like CFDs and cryptocurrencies, making it ideal for those who want to learn the art and science of trading.

They offer commission-free stock, and some ETFs can also be traded for free. Opening an account and depositing is easy; you can even try it out with virtual money. On the downside, spreads can be high for some products. The only currency accepted is USD, meaning you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.

eToro does offer an Islamic (swap- and interest-free) account for traders of the Islamic faith who fund their accounts to at least $1,000.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

2# Interactive Brokers

interactive brokers logo
Visit Interactive BrokersIs Robinhood Available in Dubai & the UAE? Alternatives in 2024! 1

Interactive Brokers at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Bonds, Forex, Funds, Commodities, Options, Futures and CFDs
Minimum deposit€/$/£0

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which survived several financial crises, demonstrating a resilience and proven risk management framework.

Interactive Brokers offers an advanced investment platform that includes a wide range of products from over 150 markets, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions. It now even accepts UAE dirhams (AED)!

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That’s why we mainly endorse it to more advanced traders. However, their customer service team gives crystal clear answers to almost all questions.

On the downside, Interactive Brokers’ fee structure is complex, the registration process is lengthy (but online), and the broker offers limited commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile app for stocks, options, and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, a demo account, and more.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

3# Plus500

Is Robinhood Available in Dubai & the UAE? Alternatives in 2024! 3
Visit Plus500Is Robinhood Available in Dubai & the UAE? Alternatives in 2024! 1

80% of retail CFD accounts lose money.

Plus500 at a glance

0% Commissions(only in Plus500 CFD)
Mobile App
ProductsPlus500CFD offers CFDs, Plus500Invest offers investing on real stocks
Minimum Deposit€/£/$100

Founded in 2008, Plus500 is an online broker offering various financial products, including stocks and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange. There are two distinct account types:

  • Plus500 CFD: Only CFD products
  • Plus500 Invest: Can also trade stocks

The web platform you will use is WebTrader, Plus500’s proprietary platform, offering a stable trading experience and reliable access from multiple devices, including a mobile app. All platforms are accessible and responsive, and you can start testing the features by opening a demo account. Their spreads are low, offering accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity.

On Plus500 Invest, they only charge a small commission per trade (US market: 0.006 USD/share). It is regulated by financial regulators like the FCA and CySEC, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity you open an account with. Plus500 does offer Islamic (swap-free) accounts for residents of the UAE.

Finally, Plus500 is one of the few companies which has opened a subsidiary dedicated to the United Arab Emirates: Plus500AE Ltd, which is authorised and regulated by the Dubai Financial Services Authority (DFSA – F005651).

Want to know more about Plus500? Check our Plus500 Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

4# XTB

XTB Review - XTB Logo
Visit XTBIs Robinhood Available in Dubai & the UAE? Alternatives in 2024! 1

76-85% of retail CFD accounts lose money.

XTB at a glance

0% Commission(Stock CFDs)
Mobile App
ProductsCFDs on Stocks, Indices, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$0

Founded in 2002, XTB presents itself as a market player with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) and listed on the Warsaw Stock Exchange. The platform offers zero commissions on stocks CFDs. However, its software is more oriented towards CFDs and forex trading with competitive costs.

XTB charges high commissions on CFDs of cryptocurrencies but low costs for forex. You will face an inactivity fee of  €10/month after one year of non-trading and if you have not deposited in the last 90 days. Opening an account and transferring money is a quick and hassle-free process. A demo account is available.

Like Plus500, XTB also has offices in the United Arab Emirates through the entity XTB MENA Limited, which has a license from the DFSA (Dubai Financial Services Authority) to operate in the region

XTB does offer Islamic (swap-free) accounts for residents of the UAE.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investors’ accounts lose money when trading CFDs with this broker. It is important to understand how CFDs work and the risks involved in trading, like losing all the invested capital.

Which platform is best for the UAE?

As a resident of the UAE, there are several key factors to keep in mind when choosing an online broker:

  • Is it regulated by a top-tier institution such as FCA, CySEC, or SEC?
  • Is it authorised by the Dubai Financial Services Authority (DFSA)?
  • Does it provide an Islamic account?
  • What’s the full range of products on offer?
  • Is there an intuitive and modern mobile app?
  • Do they provide social trading or substantial investor education?
  • Are there fees competitive?

The best online broker for you depends on your specific profile, preferences, and objectives. Explore the websites above and decide for yourself! If you have any questions or want to leave feedback, please don’t hesitate to do so in the comments below.

Please note that the above should not be seen as investment advice and should be considered information only. Investors should do their due diligence about the best-suited services and opportunities for their risk levels, return objectives, and ESG considerations.

Other FAQs about Robinhood

Can I use Robinhood from the UAE with a VPN?

No, you cannot use a VPN to open a Robinhood account from the UAE. Upon account opening, Robinhood requires specific documentation that proves that you are a US citizen.

Conor Scott, CFA

Conor is a CFA charterholder who has been active in the wealth management industry since 2012, continuously researching the latest developments affecting portfolio management and cryptocurrency.