XTB Launches New Investment Plans for UAE Investors

XTB, an online trading platform, has introduced a service tailored for passive investors in the United Arab Emirates. Dubbed Investment Plans, this product simplifies portfolio creation by providing pre-built portfolios made of exchange-traded funds (ETFs).

These Investment Plans aim to make accessing ETFs easier, allowing investors to choose from pre-made portfolios that allocate investments automatically based on their risk preferences. Investors can start with $15 and combine up to 9 ETFs covering various assets and regions.

Designed for investors seeking passive investment options without the complexities of managing portfolios, Achraf Drid, CEO of XTB for the Middle East and North Africa, highlighted the convenience of the new recurring deposit feature.

Drid highlighted that ETFs and passive investing provide a powerful method for creating diverse portfolios without the necessity of manually selecting each instrument.

Introduced by XTB at the end of September after successful trials in Romania and subsequent launches in European markets such as Portugal, Slovakia, and Poland, the Investment Plans are now accessible to retail investors in the UAE.

Aligned with XTB's commission-free model, these plans come without commissions or account fees and can be accessed through XTB's mobile apps. XTB, originating from Poland and serving over 847,000 customers globally, facilitates access to financial markets.

This offering follows the recent introduction of access to fractional shares for local traders, with a minimum transaction value of EUR 10, initially tested in Romania in early 2023.

Finance Magnates reported an enhancement to the Investment Plans newly introduced in the UAE, adding the feature of “auto-investing.” This allows investors to set fixed amounts to fund ETF-based passive instruments.

XTB MENA started its operations in October 2021, initially offering basic FX/CFD instruments, later expanding to cryptocurrencies, and in 2023, to stocks.

The launch of the passive trading coincided with XTB appointing Kathleen Brooks as Research Director, bringing her 15 years of industry experience from previous roles at GAIN Capital and Forex.com.