UAE-based robo advisory platform, Sarwa, will offer zero-commission trading in a bid to attract retail investors trading small amounts.
The service will apply to global stocks and ETFs and will be accessible via the Sarwa app.
It is currently in private beta mode and will be rolled out to a waiting list of Sarwa clients prior to a full launch.
According to Sarwa’s co-founder and chief executive, Mark Chahwan, the service was launched to appeal to members of its community “trading small amounts in companies they are passionate about” but wanting to do so in “a safe and regulated environment”.
Founded in 2017 and incorporated in the Dubai International Financial Centre (DIFC), Sarwa was one of the first startups in the region to graduate from the Dubai Financial Services Authority (DFSA)’s Fintech Innovation Testing Licence programme.
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