XTB revolutionizes UAE investing with introduction of fractional shares trading - TopForex.Trade

XTB revolutionizes UAE investing with introduction of fractional shares trading

XTB’s Dubai branch makes investing more inclusive in the United Arab Emirates by launching fractional shares trading. This move allows investors to own a fraction of high-priced stocks, fostering a culture of equity participation for investors of all portfolio sizes.

13.12.2023, 07:51
Forex trading the UAE XTB
98
Min. deposit
-
Max. leverage
1:500
Bonus
Used by
656997+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill
Regulated by
FSC
CNMV
KNF
FCA
CySEC
Broker type
Forex & CFDs
XTB revolutionizes UAE investing with introduction of fractional shares trading

XTB‘s Dubai-based branch has expanded its services in the United Arab Emirates (UAE) by introducing fractional shares trading. This extension of the fractional shares offering to the UAE follows its successful introduction earlier this year in other countries.

98
Min. deposit
-
Min. Spread
0.5
Bonus
Max. leverage
1:500
Used by
656997+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill
Regulated by
FSC
CNMV
KNF
FCA
CySEC
98
Min. deposit
-
Max. leverage
1:500
Bonus
Used by
656997+
Min. Spread
0.5
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill
Regulated by
FSC
CNMV
KNF
FCA
CySEC
Broker type
Forex & CFDs

Investors in the UAE can now engage in XTB fractional shares trading, which grants genuine ownership and proportional dividend entitlements. The minimum transaction value for fractional shares is set at EUR 10, with no commissions applied for transactions within a monthly limit of EUR 100,000.

Achraf Drid, the CEO of XTB MENA, emphasized that fractional shares eliminate barriers hindering some Middle Eastern customers from investing in stocks. The aim, according to Drid, is to cultivate an equity culture where private investors, regardless of their portfolio size, can participate in the success of companies they believe have substantial potential.

 

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This development is particularly beneficial for investors who were previously limited from accessing high-priced shares in the UAE, such as Berkshire Hathaway Class A shares, which currently trade at over $542,500 per share. Fractional shares now enable investors to engage with these companies at a fraction of the full share price.

The official press release highlights that the launch aligns with XTB’s overarching goals of promoting financial inclusion and facilitating accessible and diversified participation in the capital markets. XTB MENA, which commenced operations in October 2021, has steadily expanded its offerings from basic FX/CFD instruments to cryptocurrencies and, in 2023, to stocks as well.