Building on its global success, online trading platform XTB has introduced a new offering targeting passive investors in the United Arab Emirates. Named Investment Plans, this product enables investors to effortlessly construct diversified portfolios consisting of exchange-traded funds (ETFs).
Designed for ease of use, Investment Plans simplify access to ETFs by offering pre-constructed portfolios that cater to investors’ risk preferences, with allocations managed automatically. With plans starting at just $15, investors can combine up to 9 ETFs spanning various assets and geographies.
Geared towards individuals seeking passive investment opportunities with minimal portfolio management, XTB’s CEO for the Middle East and North Africa, Achraf Drid, emphasized the added convenience of the new recurring deposit feature.
Initially introduced in late September and successfully tested in the Romanian market, the product was subsequently launched in Portugal, Slovakia, and Poland, gradually expanding into other European markets. The offering has now been extended to include retail investors in the UAE.
Adhering to XTB’s commission-free pricing model, the Investment Plans come without commissions or account fees. Accessible through XTB’s mobile apps, the Poland-founded platform currently serves over 847,000 customers globally, facilitating their access to financial markets.