XTB has announced the introduction of Investment Plans in the United Arab Emirates, catering to the growing demand from passive investors.
XTB has announced the introduction of Investment Plans in the United Arab Emirates, catering to the growing demand from passive investors.
XTB has announced the introduction of Investment Plans in the United Arab Emirates (UAE), catering to the growing demand from passive investors. This initiative allows customers to conveniently design diversified portfolios by utilizing premade allocations for up to 9 exchange-traded funds (ETFs) that represent various assets and locales.
With investment plans starting as low as $15, XTB aims to make investing more accessible and convenient for individuals who prefer a hands-off approach to managing their investments. The Investment Plans are particularly for those investors who want to participate in the financial markets without the need for extensive expertise or active portfolio management.
Also, Achraf Drid, CEO of XTB for the Middle East and North Africa (MENA), expressed optimism about the potential of ETFs and passive investing. He also shared the ease with which diversified portfolios can be created without the need for manual selection, making it an attractive option for investors seeking simplicity and efficiency. Additionally, the introduction of a new recurring deposit feature enhances user convenience, allowing investors to automate their contributions over time.
Originally launched in September of the previous year, the Investment Plans underwent successful testing in European markets, including Romania, Portugal, Slovakia, and Poland. Now, these plans are open to retail investors throughout the UAE, providing them with access to a user-friendly investment solution through XTB’s mobile app. The forex broker, regulated by the Financial Conduct Authority (FCA), has positioned itself as a platform that prioritizes affordable trading.
The recent expansion of XTB’s services in the UAE includes the addition of fractional shares, offering local traders even greater flexibility in their trading activities. XTB MENA continues to grow as a platform providing a range of financial instruments, including FX CFDs, cryptocurrencies, and stocks. The introduction of passive investment solutions further solidifies XTB’s commitment to offering a comprehensive and accessible trading experience for investors in the region.
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