amana, a Dubai-based retail dealer, has up to date its pricing technique by launching zero-fee buying and selling companies for all of the shares listed within the Center East and North Africa (MENA) area. The brokerage already provides commission-free buying and selling on US shares, indices, commodities, gold, currencies, and even cryptocurrencies.
In response to the official announcement, anama adopted the footsteps of Robinhood, which disrupted the American brokerage market with its commission-free buying and selling choices. Finance Magnates just lately reported that Robinhood turned a web revenue of $30 million in This autumn as its quarterly income soared.
Following the success of Robinhood, a number of established brokerages within the US and globally additionally launched a zero-fee pricing mannequin. A number of opponents of amana, together with eToro, Capital.com, RoboMarkets, and plenty of others, have launched commission-free buying and selling.
“Our initiative will present extra traders and merchants throughout MENA entry to native fairness markets – in a cheap, fractionalized technique, for everybody,” amana’s CEO, Muhammad Rasoul, stated. “We consider the MENA alternative is large, and everybody ought to be capable of take part in that development alternative.”
Decreasing Barrier for MENA Buyers
In relation to investing in shares, the nations in MENA are lagging behind the Western ones. Amana identified that solely 5 p.c of the area’s inhabitants participates within the inventory market, in comparison with 58 p.c in the USA and 33 p.c in the UK.
Nevertheless, the markets in MENA are comparatively small. As highlighted by amana, greater than 1,000 corporations are listed in MENA with an estimated mixed capitalization of $4 trillion.
Earlier amana additionally decreased the barrier to investing for retail traders by introducing fractional shares, permitting traders to buy solely parts of firm inventory as the entire unit of the inventory is perhaps too costly to obtain.
“This transfer exemplifies amana’s core values. As a regionally constructed dealer, our mission extends past being part of this rising area’s development; it is about making certain that as many individuals as doable can share within the financial potential of this once-in-a-generation regional transformation,” Rasoul added.
amana, a Dubai-based retail dealer, has up to date its pricing technique by launching zero-fee buying and selling companies for all of the shares listed within the Center East and North Africa (MENA) area. The brokerage already provides commission-free buying and selling on US shares, indices, commodities, gold, currencies, and even cryptocurrencies.
In response to the official announcement, anama adopted the footsteps of Robinhood, which disrupted the American brokerage market with its commission-free buying and selling choices. Finance Magnates just lately reported that Robinhood turned a web revenue of $30 million in This autumn as its quarterly income soared.
Following the success of Robinhood, a number of established brokerages within the US and globally additionally launched a zero-fee pricing mannequin. A number of opponents of amana, together with eToro, Capital.com, RoboMarkets, and plenty of others, have launched commission-free buying and selling.
“Our initiative will present extra traders and merchants throughout MENA entry to native fairness markets – in a cheap, fractionalized technique, for everybody,” amana’s CEO, Muhammad Rasoul, stated. “We consider the MENA alternative is large, and everybody ought to be capable of take part in that development alternative.”
Decreasing Barrier for MENA Buyers
In relation to investing in shares, the nations in MENA are lagging behind the Western ones. Amana identified that solely 5 p.c of the area’s inhabitants participates within the inventory market, in comparison with 58 p.c in the USA and 33 p.c in the UK.
Nevertheless, the markets in MENA are comparatively small. As highlighted by amana, greater than 1,000 corporations are listed in MENA with an estimated mixed capitalization of $4 trillion.
Earlier amana additionally decreased the barrier to investing for retail traders by introducing fractional shares, permitting traders to buy solely parts of firm inventory as the entire unit of the inventory is perhaps too costly to obtain.
“This transfer exemplifies amana’s core values. As a regionally constructed dealer, our mission extends past being part of this rising area’s development; it is about making certain that as many individuals as doable can share within the financial potential of this once-in-a-generation regional transformation,” Rasoul added.
