Welcome to our professional review of Trade247 for traders and investors in the UAE. In the review, we look at the detailed aspects of Trade247, including their platform, regulations, features and whether Trade247 could be the right broker for you.
Written by Sam Reid
Fact checked by Freddie Ricks
Last updated 1 day ago
Founded in 2025 and headquartered in Dubai, Trade247 (legal name: Trade Twenty Four 7 Markets Limited) is a multi-asset broker offering access to forex, indices, metals, energies and stocks via the MT5 trading platform.
Trade247 is regulated by the Financial Services Commission (FSC) in Mauritius and also licensed by the UAE’s Securities and Commodities Authority (SCA) for financial consultation, introduction and promotion services. Trade247 is still in its early stages but has already begun to gain traction with a growing user base. This review explores the broker’s offering across key areas like trading instruments, costs, platforms, regulation, and customer support to help traders determine whether Trade247 is the right fit.
Min Deposit
$100
Used By
Unknown
Spreads
Starting from 0.2 points
Commissions
0% commission
Founded
2025
Acc Currency
EUR, USD, GBP, AED
Leverage
Up to 1:500
Copy Trading
Yes
Instruments
Forex, stocks, commodities, indices, metals, energies
Trade247 offers a relatively broad selection of tradable assets. Currently, Trade247 has around 2000 markets available to trade. All instruments are accessible through MetaTrader 5 (MT5), and the broker appears focused on providing coverage of the most in-demand asset classes. Available markets include:
While the current lineup is suitable for many retail traders, there is no offering (yet) for cryptocurrencies, ETFs, options, or futures.
With that, we’d like to see a wider selection of instruments, especially crypto CFDs, which would make the offering more competitive with established brokers.
While the current lineup is suitable for many retail traders, there is no offering (yet) for cryptocurrencies, ETFs, options, or futures. With that, we’d like to see a wider selection of instruments, especially crypto CFDs, which would make the offering more competitive with established brokers.
Trade247 offers zero-commission trading across all account types, with trading costs embedded in the spreads. This structure simplifies pricing for most traders and removes the need to track additional charges per trade. Advertised spreads on major currency pairs are generally competitive, especially for a platform at this early stage.
EUR/USD Benchmark: Typically ranges from 0.2 to 0.6 pips, depending on market conditions and account type. The broker also reports no inactivity fees, and we found no hidden charges. Key highlights of Trade247’s pricing model includes:
While this structure will appeal to most casual and intermediate traders, more advanced users may find the lack of tiered pricing or volume-based rebates limiting. That said, Trade247’s cost model is clear, competitive, and well-suited for straightforward retail trading.
Trade247 supports a small but reliable range of deposit and withdrawal options. These include:
All transactions are handled through the broker’s secure back-office portal, with deposits typically processed within 1 to 2 hours and withdrawals completed in 1 to 3 business days, depending on the method used.
The minimum deposit is set at $100 for the Standard Account and $500 for the Pro Account, which keeps the platform relatively accessible while still offering a step up for more experienced traders. Clients can fund their accounts in USD, EUR, or AED, and there are no fees charged by the broker for deposits or withdrawals.
In line with regulatory requirements, Trade247 enforces full AML and KYC checks. Clients must verify their identity using a government-issued ID and proof of address, and all payment methods must be in the same name as the trading account holder.
While the funding process is generally smooth and clearly laid out, one area that could be improved is the range of available payment methods. At present, there is no support for e-wallets (such as Skrill or Neteller), instant banking, or local payment providers, which may limit convenience for traders in certain regions.
Trade247 is a MetaTrader 5-only broker, offering no access to MT4, cTrader, or proprietary platforms. While MT5 is a solid, industry-standard platform with multi-asset capabilities, traders looking for diversity in trading software or cutting-edge tools may find the single-platform limitation restrictive.
With that said, if you’re looking for an MT5 broker, Trade247’s version offers the following features:
Trade247 offers a choice of two main account types, the Standard and Pro Accounts, each designed to suit a different level of trading experience and strategy. The broker provides a structure that accommodates a wide range of needs, including swap-free trading for a number of instruments.
The Standard Account is aimed at beginner to intermediate traders who want access to the markets without a high capital requirement. With a minimum deposit of $100, this account offers spreads starting from 0.8 pips and leverage of up to 1:500. It’s a straightforward option for casual traders looking to gain market exposure with a low-cost, commission-free setup. The combination of zero swaps and a familiar MT5 environment makes it an accessible entry point for those new to CFDs or forex.
For more experienced traders, the Pro Account provides a step up in both pricing and features. Requiring a minimum deposit of $500, this account offers lower spreads, with raw pricing starting from 0.0 pips, depending on market conditions. It operates with Direct Market Access (DMA), which may appeal to traders seeking faster execution and deeper liquidity.
Leverage is capped at 1:400, and the account includes access to a dedicated account manager, offering a more personalised trading experience. The Pro Account is best suited for active traders who require tighter pricing and more professional-level support.
Trade247 also offers an Islamic Account and a Demo Account for testing strategies in a risk-free environment. The Islamic account is not separately shown on Trade247’s website as you can select an Islamic version of the Standard or the Pro Account.
At present, Trade247’s research and educational offering is still in the early stages. While the broker has laid the foundation for a more robust knowledge hub, much of the material is still under development.
On the official website, there are dedicated sections for an academy, which is expected to feature a wide range of learning tools aimed at beginner and intermediate traders. However, as of now, these resources have not yet been launched. The academy is expected to eventually include:
For now, these materials are not yet live and users looking for educational guidance from their broker will need to supplement their learning with external sources. This may be a limitation for first-time traders who prefer a broker that offers built-in guidance from the start.
That said, Trade247 has taken a more decisive step in the area of market research by launching trading signals via Acuity, a well-known third-party analytics provider. This is a good advantage for clients looking for market insights.
Acuity is a UK-based fintech firm that specializes in real-time trading signals and sentiment analysis, and is regulated by the FCA (Financial Conduct Authority). They are widely used by other reputable brokers and fintech platforms, making them a trusted source in the industry.
The integration of Acuity signals into Trade247’s portal brings timely, data-driven analysis to traders across all supported instruments, including forex, indices, commodities, and stocks.
Regulation is a key consideration, especially for newer brokers. Trade247 is currently regulated in two jurisdictions:
It’s important to clarify that Trade247’s SCA license is not a Category 1 license, which would allow a broker to directly deal in securities. Instead, Trade247 holds a license for financial consultation, introduction, and promotion services.
This means that while the company is regulated and operating within legal guidelines in the UAE, it does not have the regulatory permissions to directly execute trades or hold client funds under the SCA’s highest tier of licensing. If you’re specifically seeking a Category 1 broker with full dealing permissions under the SCA, this is something to keep in mind.
In addition to its UAE license, Trade247 is also registered with the FSC in Mauritius under License No. GB24203587, providing it with cross-border oversight. However, the FSC is considered a lighter-touch regulator compared to Tier 1 authorities.
Trade247 offers round-the-clock customer service, aiming to support traders across different time zones. The broker does not currently offer live chat on its website, but it does provide other direct channels for communication, including email, phone, and WhatsApp. Support channels include:
Support is available 24/7, which is a strong feature for traders who may require assistance outside of standard business hours. The team can assist with a range of issues including account setup, platform guidance, and deposit/withdrawal queries.
While general response times were reasonable from our testing, a live chat option or multilingual support would be a welcome addition in the future.
Trade247 is a newly-launched broker that’s making an entrance into the UAE market. The broker benefits from a growing product range, competitive spreads, and a clean, commission-free pricing model that caters well to everyday retail traders.
Trade247 appears to be actively building out its ecosystem. The integration of third-party signals adds real value, and plans for a full educational academy suggest the broker is aiming to support traders further. The availability of swap-free trading and high leverage further adds to its appeal for UAE-based users.
That said, the broker’s biggest limitation is time. With less than a year of operational history, it’s still early to assess Trade247 performance over the long term especially in areas like client service, platform stability and reputation. However, its regulated status and growing operations appear to be a solid starting point for traders considering this broker.
With a good trading strategy, it is possible to become a profitable trader with Trade247. However you should also be aware that trading comes with risk, and there is always the possibility that your trades can move against you.
Yes, Trade247 is legal in the UAE.
Yes, Trade247 is regulated in Mauritus by the FSC. The broker also has a license in the UAE for financial consultation, introduction and promotion services. But note this is note the same as a Category 1 license for Dealing in Securities.
