XTB Expands in UAE: Fractional Share Trading Now Available

<p>The
Dubai-based branch of online trading platform XTB has announced the launch of
fractional shares trading for investors in the United Arab Emirates (UAE). This
is an extension of the fractional shares offering to more countries following
their introduction earlier this year.</p><p>XTB Launches Fractional
Shares Trading in the UAE</p><p>XTB
fractional shares represent genuine ownership and entitle investors to
proportional dividend <a href="https://www.financemagnates.com/terms/p/payments/">payments</a>. The minimum transaction value is EUR 10. There
are no commissions for fractional share transactions within a monthly limit of
EUR 100,000.</p><p>According
to the CEO of XTB of MENA, Achraf Drid, fractional shares remove barriers that prevent some customers in the Middle East from investing in stocks. He stated
that XTB aims to "foster an equity culture where private investors,
irrespective of their portfolio size, can partake in the performance of
companies they believe hold significant potential."</p><p>Previously,
certain high-priced shares were inaccessible to some investors in the UAE due
to the high per-share price. For example, Berkshire Hathaway Class A shares are
currently trading at over $542,500 per share. With fractional shares, investors
can now invest in these companies at a fraction of the full share price.</p><p>According
to the official press release, the launch aligns with the company's goals of
promoting greater financial inclusion and "facilitating accessible and
diversified participation in the capital markets."</p><p>XTB MENA
began its operations <a href="https://www.financemagnates.com/forex/brokers/xtb-mena-launches-service-starts-to-onboard-clients/" target="_blank" rel="follow">in October 2021</a>, expanding its offerings from basic FX/CFD
instruments to <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/">cryptocurrencies</a>, and, in 2023, <a href="https://www.financemagnates.com/forex/news-nuggets-22-may-bux-zero-rebrands-xtb-mena-adds-shares-trading/" target="_blank" rel="follow">to stocks as well</a>.</p><p>XTB Focuses on Developing
New Products</p><p>The
introduction of fractional shares in the UAE is a response to the popularity of
this solution in other parts of the world. Following its <a href="https://www.financemagnates.com/forex/exclusive-xtb-to-roll-out-fractional-shares-and-etfs-in-poland-and-spain/" target="_blank" rel="follow">debut in Romania</a> at
the beginning of the year and subsequent implementation in Spain and Poland,
XTB introduced fractional trading in the United Kingdom.</p><p>Meanwhile,
the company, aiming to attract new clients continuously, decided to develop
passive products. The first step was the September launch of <a href="https://www.financemagnates.com/forex/exclusive-xtb-introduces-etf-based-investment-plans-to-lure-passive-investors/" target="_blank" rel="follow">ETF-based
"Investment Plans,"</a> designed to facilitate long-term investing.</p><p>The latest
addition to the portfolio is <a href="https://www.financemagnates.com/forex/exclusive-xtb-to-offer-up-to-5-interest-on-idle-client-deposits/" target="_blank" rel="follow">interest on idle client deposits</a>, which the
company announced in early November.</p><p>These new
products have already begun to impact the popularity of the publicly traded
broker's offerings. As Finance Magnates reported, in November, XTB
<a href="https://www.financemagnates.com/forex/xtb-hits-milestone-of-200000-clients-in-polands-brokerage-sector/" target="_blank" rel="follow">surpassed 200,000 users in Poland</a> with a brokerage account for trading on the
Warsaw Stock Exchange. This made XTB the third-largest brokerage firm in its
home country and increased its total global client count to nearly 850,000.</p>

This article was written by Damian Chmiel at www.financemagnates.com.