XTB Introduces Autoinvest Feature to Boost Investment Plans in the UK

<p>XTB, the global fintech giant, has expanded its
reach in the UK by introducing an autoinvest functionality to its ETF-based
investment plans.</p><p>According to the company, investors in the UK can
engage in regular, automated investing through recurring payments within the
XTB app. This feature allows individual portfolios to be conveniently topped
up, aligning with the preferred allocation set by the client. </p><p>XTB has initiated a new marketing campaign in the
country to bolster the growth of its Investment Plans, emphasizing the benefits
of automated, long-term passive investing. The company maintains that the
flexibility of adjusting investment allocations as per evolving needs and goals
enhances the experience of the investors.</p><p>Expanding Passive Portfolio Management</p><p>Joshua Raymond, the Director of XTB UK, mentioned:
"In line with the approach' one app- many possibilities', we're growing
our passive investing footprint to cater to the needs of long-term investors
who don't want to spend much time on active portfolio management."</p><p>This move followed XTB's recent introduction of
interest rates on uninvested funds, strengthening its commitment to expanding
its passive investment footprint. Under the Investment Plans framework, clients can
create up to 10 portfolios, each comprising up to nine ETFs. The autoinvest
functionality, a key feature of these plans, can be individually set up,
modified, or canceled at any time through the XTB app.</p>

This article was written by Jared Kirui at www.financemagnates.com.