XTB Launches Fractional Shares Trading Services in the UAE

The Dubai branch of online trading platform XTB has announced the launch of fractional share trading for investors in the UAE, expanding the offering to more countries.

XTB's fractional shares give investors the opportunity to receive genuine ownership and entitle investors to proportional dividend payments, with minimum trading value of €10. No commission is charged on fractional share trades within the a monthly limit of €100,000.

Previously, some investors in the UAE did not have access to some high-priced stocks due to the prices, but with fractional share trading, these investors are able to invest in these companies at fractional share prices.

Achraf Drid, CEO of XTB Middle East and North Africa, said fractional shares remove the barriers to investing in shares for some Middle Eastern customers, and the broker's aim is to create a culture of equities for private investors. Regardless of portfolio size, investors are all able to capitalise on the growth of companies that are experiencing significant growth.

XTB said the equity offering is in line with the company's goal of launching a wider range of financial products. The broker hopes to bring investors a more diverse range of ways to participate in the capital markets.