Sarwa To Launch Zero-Commission Trade Service in the UAEby Fintechnews Middle East 10. March 2021
Sarwa, a Dubai-based investment advisory platform, is launching a zero-commission trade service in the United Arab Emirates (UAE).
The new feature will allow clients to buy and sell stocks as well as funds through the Sarwa app within a few clicks.
They will have access to $0 commission trades of global stocks and ETFs.
Sarwa said that the service is suitable for “investors who are curious about investing in stocks they strongly believe in or ones looking to consolidate their different investments into one platform while using an affordable option”.
In addition to letting users execute trades, the app will also feature content that encourages responsible investment behavior.
This new service is regulated by the ADGM Financial Services Regulatory Authority and is currently in private beta mode.
It will be rolled out to a waitlist leading to the public launch and will be exclusive to the Sarwa Invest customers.
Sarwa reportedly has more than 25,000 registered users to date.
“We made investing accessible, it’s time trading follows suit. Sarwa was launched as the first robo-advisor in the region to offer simple and affordable investing to all, so they can build for a better future.
At the same time, many members of the community are trading small amounts in companies they are passionate about,”
said Mark Chahwan, CEO and Co-founder of Sarwa.