Smartphone penetration gives UAE the edge in real-time trading

A recent study by Google Inc. found that the smartphone penetration in the United Arab Emirates is 62 per cent. One of the highest smartphone penetration rates on earth. The country is far from peaking with penetration rates expected to reach 71 per cent with 3,752,100 owners by 2016. Therefore, it seems only natural that one of the latest trends amongst UAE share traders is buying and selling stocks with their devices.

One of the factors that is driving the increased use of stock trading with smartphones is convenience.  Investors can check stock movements, buy and sell stock and check their portfolios performances simply by accessing the apps on their phones. A second factor behind the increasing use of smartphones by UAE traders is the enhanced security features that come with the newer trading apps.

Most of these apps have password protection, which secures stock account information.  A third reason that smartphone use by UAE traders is increasing is the rapid growth of the country’s three major stock markets, the Dubai Financial Market (DFM), the Abu Dhabi Securities Exchange (ADX) and the Nasdaq Dubai.  The presence of these major stock markets has provided an alternative investment choice for investors looking to diversify their investments.

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