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 (the Saudi Exchange), you will need a locally licensed brokerage instead, and we cover the main ones further down. 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. Saudi residents are served by its Dubai entity.
Disclaimer: CFDs are complex instruments and most retail investor accounts lose money when trading CFDs. - Saxo: Best trading app for advanced traders
Full-service broker that offers stocks, ETFs, bonds, derivatives and other products, with more than 23,000 stocks on 50 exchanges available through its trading apps. - Plus500: Best for demo account
Plus500 is a multi-asset online broker with CFDs on indices, forex, commodities, cryptocurrencies, shares, options and ETFs. In Saudi Arabia the offer is CFDs only.
Disclaimer: CFDs are a leveraged product and can result in the loss of your entire capital.
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, based on your country of residence | Depends on the entity, shown in the account documents (SIPC cover up to $500,000 if your account is held at Interactive Brokers LLC) |
| XTB | XTB MENA Limited, Dubai Financial Services Authority (DFSA) | No EU or UK compensation scheme |
| Saxo | Saxo Bank A/S in Denmark (Danish FSA), with a representative office in Dubai | Danish Guarantee Fund: €20,000 for securities, €100,000 for cash |
| Plus500 | Plus500SEY Ltd, Seychelles Financial Services Authority (SD039) | No compensation scheme |
Source: Interactive Brokers, XTB, Saxo and Plus500. Data as of October 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 the US in 1978 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 in December 2025, with a new Explore page, 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. Saudi Arabia is on IBKR’s list of countries that can open an account, and the entity that holds your account is assigned according to your country of residence. IBKR also says it was the first international broker to give foreign retail clients access to the Saudi Exchange, through SNB Capital, so check in the platform whether Tadawul shares are available for your account. Overall, we believe that Interactive Brokers offers the best stock trading apps in Saudi Arabia, whatever 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. Since March 2026, its help centre directs residents of the Middle East and North Africa, including Saudi Arabia, to XTB MENA Limited, authorised by the Dubai Financial Services Authority (DFSA, licence F006316) and based in the Dubai International Financial Centre. The FCA, KNF and CySEC licences you see advertised belong to other companies in the group and do not cover your account. XTB MENA offers a swap-free (Islamic) account 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. 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. Withdrawals are free from $50, and a €10 monthly inactivity fee applies after 365 days without trading.
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. XTB MENA caps leverage at 1:30 and offers negative balance protection. 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 March 2026, the Swiss private bank J. Safra Sarasin has owned around 71% of Saxo Bank, with founder Kim Fournais keeping about 28%.
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, more than 23,000 stocks on 50 exchanges and 7,400+ ETFs, 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, Saxo’s Middle East site asks for at least $5,000 to open a Classic account, which can be burdensome for some beginners. A 0.15% annual custody fee also applies to stocks and ETFs on the Classic and Platinum tiers.
#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. Plus500’s Saudi-facing website is operated by Plus500SEY Ltd, licensed by the Seychelles Financial Services Authority (SD039), which carries no investor compensation scheme. Its User Agreement also states that its services are not intended for distribution or public offer to residents of Saudi Arabia, and that you are responsible for complying with local rules. 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 a swap-free account can be offered at Plus500’s discretion. 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 are leveraged: you only put up a fraction of the position’s value as margin, so gains and losses are magnified. If the price moves against you, your losses can quickly exceed the margin you put up, and the broker may close the position or ask you to add funds. 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 Dubai, 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 can I buy Saudi shares on Tadawul?
Through a brokerage licensed by the Capital Market Authority (CMA). The CMA publishes the list of licensed financial market institutions. Large local brokers with trading apps include Al Rajhi Capital, SNB Capital (AlAhli Tadawul platform) and Derayah Financial, all licensed by the CMA.
How are US dividends taxed for Saudi residents?
Saudi Arabia has no income tax treaty with the United States, so US dividends paid to Saudi residents are subject to the standard 30% US withholding tax. You confirm your status by filling in the W-8BEN form when you open the account. In Saudi Arabia, ZATCA excludes the trading of listed Saudi shares by resident individuals from income tax. Check your own situation with ZATCA or a tax adviser.
How to invest in Saudi Arabia stock exchange (video summary)
Bottom line
To summarize, here’s our list of the 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 US or European supervision, XTB gives you both real shares and CFDs through its DFSA-regulated Dubai entity, and Plus500 is CFDs only.
Investing in stocks can help you build wealth over the long term, but risks are involved and you may get back less than you invest. 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!
