WorldTrader: Covers 77 Stock Markets
HSBC has announced the launch of the “WorldTrader” platform in the United Arab Emirates (UAE).
This digital platform facilitates investment and trading, allowing UAE clients to access a wide range of international securities.
The platform covers 77 stock markets across 25 exchanges and directly executes customer orders for global investments.
80% of Global Stock Market Value Available on Your Mobile
According to a press release from the bank, the platform will grant wealth management and personal banking clients access to approximately 80% of the global stock market value.
Moreover, users can trade stocks, investment funds, tradable bonds, and participate in mutual funds.
They can do so either through the “HSBC” mobile app or via online banking services.
The UAE is the first market within HSBC’s global network to launch the “WorldTrader” platform.
Other selected markets in Asia and the Middle East are expected to follow suit.
Results from HSBC’s 2024 survey of wealthy investors revealed that over 55% of participants in the UAE plan to increase their overseas investments.
The UAE remains one of the top five markets for wealth and personal banking services globally.
This is according to Denish Sharma, Regional Head of Wealth Management and Personal Banking for Europe, the Middle East, and Africa at HSBC.
HSBC’s WorldTrader platform offers several key features for investors in the UAE:
- Access to Global Markets:
Investors can trade a wide range of securities, including equities, exchange-traded funds (ETFs), and bonds. - Competitive Transaction Fees:
The platform offers low transaction fees, with rates as low as USD 0.01 per share for equities and ETFs. - Diverse Investment Products:
Investors can diversify their portfolios by trading in various asset classes, including equities, ETFs, and fixed-income products. - Real-Time Insights:
WorldTrader provides access to real-time market data, news, analysis, and insights, helping investors stay informed.
Today, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, received at a working dinner in Abu Dhabi His Excellency Dr. Subramaniam Jai Shankar, Minister of External Affairs of the Republic of India. pic.twitter.com/CqyRXykfsE
— UAE Voice (@uae_voiceeng) June 24, 2024
- Convenient Funding and Management:
Users can fund their accounts instantly using their HSBC investment funding account within the HSBC UAE app.
Sale proceeds and dividends are automatically credited to this account.
The platform also offers a wealth dashboard for easy portfolio management.
- Trusted Banking Partner:
HSBC, with over 150 years of experience, ensures the safety of customers’ funds. - Fixed Interest Rates:
The investment funding account offers fixed interest rates per year for various currencies, including AED, USD, GBP, EUR, and HKD.
Remember that these features empower both seasoned investors and those just starting out to make the most of market opportunities through the WorldTrader platform.
