XTB Expands its Product Offering in UAE

Following its successful introduction in various parts of the world, online trading platform XTB has now launched a new service specifically targeting investors in the United Arab Emirates (UAE). The newly introduced product, called Investment Plans, aims to provide investors with a convenient way to build diversified portfolios using exchange-traded funds (ETFs).

The Investment Plans offered by XTB make accessing ETFs more convenient by providing premade portfolios that investors can easily invest in. The allocation of funds within these portfolios is automatically handled based on individual risk preferences. With plans starting at just $15, investors have the flexibility to combine up to nine ETFs, covering a wide range of assets and geographies.

This new product is tailored to cater to investors who are seeking passive investment options without the need for intensive portfolio management. Achraf Drid, CEO of XTB for the Middle East and North Africa, highlighted the enhanced convenience provided by the new recurring deposit feature.

The introduction of Investment Plans by XTB represents a significant expansion of their product offering. Initially tested in the Romanian market, the product has been gradually launched in Portugal, Slovakia, and Poland, before reaching the UAE and other European markets.

This recent addition to XTB's product lineup follows the opportunity for local traders in the UAE to trade in fractional shares, which was introduced less than a month ago. The minimum transaction value for fractional shares is EUR 10. This offering was initially tested and introduced in Romania in early 2023.

In an exciting development, XTB's Investment Plans in the UAE have received an additional feature known as "auto-investing." This feature allows investors to set a fixed amount to fund the passive instruments based on ETFs.  

 

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