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.
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.
Learn how to buy and sell popular assets with Top Forex broker XTB
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.
