Investing in the stock market is easier than ever, thanks to a wide range of trading apps. However, with numerous options available, selecting the best stock trading app in Saudi Arabia can be a challenging task. In this article, we compare the top apps, based on our expert reviews, to help you make an informed choice.
One thing to settle first: none of the international apps below holds a licence from the Saudi Capital Market Authority (CMA). They accept residents of Saudi Arabia through foreign entities, which is legal but means your protection comes from that entity’s regulator, not from the CMA. If you want to trade Saudi shares on Tadawul, you will need a locally licensed brokerage instead. We flag the entity behind each app in its section.
Best stock trading apps in Saudi Arabia
- Interactive Brokers: Best Overall
Online broker with a sophisticated trading platform that offers a wide range of products. The company, founded in the US, provides the app IBKR GlobalTrader, which is ideal for beginners. - XTB: Best for forex and CFDs
Headquartered in Poland and listed on the Warsaw Stock Exchange, XTB offers forex and CFDs at a competitive price on its trading app, alongside real stocks and ETFs. - Saxo: Best trading app for advanced traders
Full-service broker who offers stocks, ETFs, bonds, derivatives, and other products. You can access more than 50 markets overseas from Saudi Arabia using their powerful trading apps. - Plus500: Best for demo account
Plus500 is a multi-asset online broker with commission-free CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, and ETFs. In Saudi Arabia the offer is CFDs only.
Disclaimer: CFDs are complex instruments and most retail investor accounts lose money when trading CFDs with this provider.
Best stock trading apps in Saudi Arabia compared
Which entity serves you as a resident of Saudi Arabia, and what that means:
| App | Entity and regulator | Investor protection |
| Interactive Brokers | Assigned during the application, depending on residency | Depends on the entity, shown in the account documents |
| XTB | XTB International Limited, Financial Services Commission, Belize | No EU or UK compensation scheme |
| Saxo | Saxo Bank A/S in Denmark, with a representative office in Dubai | Danish investor compensation rules apply to the Danish entity |
| Plus500 | Plus500SEY Ltd, Seychelles Financial Services Authority (SD039) | No compensation scheme |
Source: each broker’s own entity and supported-country pages (September 2026).
#1 Interactive Brokers
Interactive Brokers has proven to be one of the most reliable brokers in the market. The broker, licensed and regulated by many top-tier international regulators, was founded in New York over 40 years ago and survived many financial crises, making it a well-established and trustworthy broker.
They offer trading apps with sophisticated and powerful tools, a wide range of products available for trading, and low prices. The broker offers different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous. It was redesigned at the end of 2025, with a new Explore section, AI-generated news summaries and access to forecast contracts.
If you want to make the most out of the broker’s powerful tools, you can use the IBKR Mobile, a complete and sophisticated trading app to trade stocks, ETFs, and options. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience.
In addition to the mobile apps, you will also find a desktop app and web-based apps where you have advanced trading tools to access the global financial markets. Overall, we believe that Interactive Brokers offers the best stock trading apps in Saudi Arabia, and you can find what you are looking for, irrespective of your needs!
Please check our Interactive Brokers review to find out more about the broker.
#2 XTB
69-80% of retail CFD accounts lose money.
XTB is a company founded in 2002 in Poland that serves Saudi Arabia through the subsidiary XTB International Limited, authorised and regulated by the Financial Services Commission in Belize (registration number 6442514). This is the entity XTB uses for residents outside the European Union and the United Kingdom, according to its own help centre, so the FCA, KNF and CySEC licences you see advertised belong to other companies in the group and do not cover your account. The broker allows customers to open Islamic accounts and is considered one of the best forex brokers in Saudi Arabia.
The award-winning trading app xStation, available for mobiles and desktops, enables you to trade a wide range of instruments, gives you access to several technical analysis tools, and provides you with comprehensive educational resources. On the international platform you can buy real stocks and ETFs with 0% commission up to €100,000 of monthly turnover, and above that the commission is 0.2% with a minimum of €10. The cost that most people overlook is the 0.5% currency conversion, charged whenever the currency of your account differs from the currency of the instrument.
You can also trade CFDs on the same underlying assets. It is worth being clear about the difference: a CFD gives you no ownership, it is leveraged, and most retail investors lose money trading them. Check in the order ticket whether you are buying the real share or the CFD version.
In any case, with no minimum deposit, great educational resources, and a free demo account, XTB is a good and reliable option for beginners and advanced investors, which puts the platform in second place on our list of best stock trading apps in Saudi Arabia.
If you want to learn more about the broker, please check our XTB review!
#3 Saxo
62% of retail CFD accounts lose money.
Saxo is a Danish bank founded in 1992 that serves Saudi Arabia through Saxo Bank A/S in Denmark, with a representative office in Dubai. In practice, your contract is with the Danish bank, so the applicable rules and investor protection are Danish rather than local. Since 2025 the group is majority-owned by the Swiss private bank J. Safra Sarasin, and the brand is now simply Saxo rather than Saxo Bank.
It is undoubtedly one of the most reliable options for advanced traders and beginners since it provides safety, fair prices, and useful tools. Saxo can offer a stock trading app that is among the best in Saudi Arabia: SaxoTraderGO. These are comprehensive, customizable, and have attractive features for investors.
As the name suggests, SaxoTraderGO is a user-friendly, customizable, and award-winning trading platform that can be used by experienced investors and beginners. The app has a mobile and a desktop version. The broker also provides SaxoTraderPRO, a desktop-based platform (that works on Windows and MAC) developed for advanced traders due to its level of detail and complexity. The desktop app is extremely customizable, offers sophisticated tools to analyze and track your performance, and can be used on up to 6 different screens.
Considering that the trading apps have excellent educational resources, low prices, and an impressive range of tradable assets, tens of thousands of instruments across more than 50 markets, Saxo deserves a third place on our list of the best stock trading apps in Saudi Arabia. The only downside we could think of is that after registering and completing the verification, you will need to fund your account with at least $2,000 to start trading, which can be burdensome for some beginners. Residents of Saudi Arabia can also only deposit from and withdraw to bank accounts in their own country of residence, a rule Saxo introduced in 2025.
#4 Plus500
81% of retail CFD accounts lose money.
Plus500 is a broker founded in 2008 and whose shares are traded on the London Stock Exchange, where it is a constituent of the FTSE 250. The group is regulated by top-tier authorities such as the FCA and CySEC, and it provides a mobile app named Plus500 and a web-based platform called WebTrader. Both are comprehensive and accessible, and you can test their features by opening a demo account.
Here is the part that matters for readers in Saudi Arabia. Those FCA and CySEC licences belong to the UK and Cyprus entities. Residents of Saudi Arabia are onboarded by Plus500SEY Ltd, licensed by the Seychelles Financial Services Authority (SD039), which carries no investor compensation scheme. Leverage limits under that entity are also much higher than in Europe, which cuts both ways.
The other thing to know is what you are actually buying. Plus500 runs two products: Plus500 CFD and Plus500 Invest, the share dealing account with real shares. Plus500 Invest is available only in selected markets and is not part of the Saudi offer, so what you get here is CFDs, including CFDs on shares and on ETFs. The distinction is important because CFDs are leveraged and riskier products, which may exacerbate your losses, and because you never own the underlying asset.
Overall, the broker offers a solid trading platform for Saudi Arabian customers, where you can open an Islamic account. It has low costs, reliability, interesting features and products for beginners (the demo account) and experienced traders, and good usability. As a downside, you will not have access to real stocks or ETFs.
If you want to learn more about Plus500, please check our full Plus500 review.
Methodology
When making this list, we wanted to help investors in Saudi Arabia to make an educated choice when choosing the best stock trading app. Each of the trading apps we presented has its main features, and we tried to provide a diverse list that will suit the needs of different profiles of investors. In any case, we prepared this list considering the following criteria:
- Prices: the price cannot be the only aspect to be considered when choosing the trading app to invest in, but it is definitely important. You do not want to pay more for a service when you can get the same quality for lower prices.
- Educational resources: high-quality educational resources may be a great advantage, especially for beginners, who can use them to educate themselves before investing money.
- Range of products and markets available: Does the app offer real stocks and ETFs, or only CFDs? Does it have crypto?
- Customer service: irrespective of your choice, problems almost always appear, and it is important to find trading apps developed to help you when it does happen.
- The trading app itself: of course, we took into consideration the functionalities and usability of the platform, as well as its specific features.
- Security: we look at the regulator behind the entity that will actually hold your account as a resident of Saudi Arabia, not only at the licences advertised by the group.
What is the difference between a stock and stock CFD?
While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.
Are these apps regulated in Saudi Arabia?
No. None of them holds a licence from the Saudi Capital Market Authority, which supervises the local market and the brokers that give access to Tadawul. The apps above accept residents of Saudi Arabia through entities licensed abroad, in Belize, the Seychelles, Denmark or elsewhere, and that is where your protection comes from. Check the entity named in your account documents before you fund the account.
How to invest in Saudi Arabia stock exchange (video summary)
Bottom line
To summarize, here’s the list of “Best stock trading apps in Saudi Arabia”:
Interactive Brokers
Best OverallXTB
Best for Forex and CFDsSaxo
Best trading app for advanced tradersPlus500
Best for demo account
It is hard to choose the right stock trading app in Saudi Arabia. Luckily, we helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in Saudi Arabia, in our opinion, comparing what they can offer and highlighting their strengths.
If you are choosing between them, start with two questions: do you want to own the shares or only trade their price, and which entity will hold your account. Interactive Brokers and Saxo give you real assets under European or US style supervision, XTB gives you both worlds through an offshore entity, and Plus500 is CFDs only.
We know that trading stocks is a good way to achieve financial freedom, but, like everything in life, risks are involved. We hope that our analysis was enough to help you make an educated decision that acknowledges those risks, whether you are experienced or a novice in the world of trading.
In any case, keep on studying, do due diligence, know your investment profile, and invest wisely!
