XTB introduces Investment Plans in the UAE, offering easy ETF portfolios for passive investors. Accessible, commission-free, and tailored for simplicity.
Forex broker XTB introduces Investment Plans in the United Arab Emirates at the initiative of passive investors. Now, customers can conveniently design diversified portfolios involving premade allocations for as many as 9 exchange-traded funds ETFs representing various assets and locales.
With plans as little as $15, this broker with fast and qualified CS Investment Plans make things convenient for those investors who are looking to invest without having a stockpile and do not want to manage their investments actively.
Achraf Drid, CEO of XTB for the Middle East and North Africa (MENA), explains that ETFs as well as passive investing are very promising since they make creating diversified portfolios easy enough without requiring manual portfolio selection. The new recurring deposit is an additional feature that improves user convenience.
The Investment Plans, launched in September last year and tested successfully on the European markets such as Romania, Portugal Slovakia, and POLAND are now open to retail investors from all over UAE. These plans, which can be accessed with the help of forex broker XTB's mobile app; are in line with this FCA-controlled broker that focuses on affordable trading.
The addition of fractional shares for local traders in the UAE marks this recent expansion as offering them even greater trading flexibility. XTB MENA launched in October 2021 continues to position itself as a growing platform offering FX CFD instruments, cryptocurrencies, and stocks and is now introducing its passive investment solutions.
In recent XTB broker news, the company appointed a new chief product and technology officer (CTO), Adam Dubiel, for trading platform development and software engineering.