XTB has shared the introduction of fractional shares trading for investors in the United Arab Emirates (UAE). This move follows the platform’s successful rollout of fractional shares earlier this year in various countries.
Moreover, XTB’s fractional shares offering provides investors in the UAE with genuine ownership, allowing them proportional dividend payments. Notably, the minimum transaction value is EUR 10, and within a monthly limit of EUR 100,000, there are no commissions for fractional share transactions.
Achraf Drid, the CEO of XTB MENA, emphasized that fractional shares eliminate barriers hindering some Middle Eastern customers from investing in stocks. He also expressed the company’s ambition to cultivate an equity culture that enables private investors of all portfolio sizes to participate in the performance of companies they believe have significant potential.
The adoption of fractional shares is seen as a solution to the accessibility challenges faced by investors in the UAE, especially with high-priced shares like Berkshire Hathaway Class A, currently trading at over $542,500 per share. With fractional shares, investors can now engage with such companies at a fraction of the full share price.
XTB Dubai Launches Fractional Shares, Expands Investor Access in UAE
The CEO’s comments align with XTB’s broader mission, as outlined in the official press release, to promote greater financial inclusion and facilitate accessible and diversified participation in the capital markets.
XTB MENA, which commenced operations in October 2021, has expanded its offerings from basic FX/CFD instruments to cryptocurrencies and, in 2023, to stocks.
The introduction of fractional shares in the UAE reflects XTB’s response to the widespread popularity of this solution worldwide. Following successful debuts in Romania, Spain, and Poland, the platform expanded its fractional trading services to the United Kingdom.
In its pursuit of attracting new clients, XTB has diversified its product portfolio. In September, the platform launched ETF-based “Investment Plans” designed to facilitate long-term investing. A recent addition is the offering of interest on idle client deposits, which was announced in early November.
These new products have had a tangible impact on XTB’s market presence. In November, the platform surpassed 200,000 users in Poland, securing a significant position as the third-largest brokerage firm in its home country and pushing its global client count to nearly 850,000, according to reports.
As XTB continues to expand its product offerings and enhance financial inclusion initiatives, the platform remains a notable player in the evolving landscape of online trading and investment.
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