Wealthface launches premium trading in Middle East and US

Rick Steves

Besides commission-free trading, fractional shares, and AI-powered tools, Wealthface’s upgraded account also features a Halal trading experience so that traders can invest in more than 2000 shariah compliant stocks and ETFs.

Wealthface has launched its premium trading account for millennials and professional traders in the MENA region and in the United States.

Authorized both in the US and the UAE, Wealthface boasts a robo-advisory-service that offers a user-friendly trading solution for residents in the Middle East and North Africa (MENA) with access to the US market at zero commission and fractional shares.

The platform also offers tailored factor investing portfolios with an Halal Islamic option.

Authorized by US SEC and ADGM’s FSRA

Offering expert investment services through a blend of investment options and advanced Fintech and professional human expertise, the investment management company is based in the UAE, but holds licenses from the U.S. Securities and Exchange Commission (SEC) and ADGM’s Financial Services Regulatory Authority (FSRA).

The robo-advisory firm has recently partnered with fractional shares giant DriveWealth which has opened the doors to US stock trading at zero commission.

Wealthface allows users to open an account with only $1 and trade with 0% commission ($0 / sell and $0.01/Buy). For stock analysis, the platform features AI-powered tools and global stock screening.

Besides commission-free trading, fractional shares, and AI-powered tools, Wealthface’s upgraded account also features a Halal trading experience so that traders can invest in more than 2000 shariah compliant stocks and ETFs.

The premium account includes a multifactor portfolio, where users can select portfolio strategies, and experience factor investing strategies backed by Nobel prize winning research.

This option allows the users to select the stock based on the risk level of their choice, and further bring a new institutional experience to the retail clients.

Bilal Majbour, Chief Executive Officer at Wealthface, said: “Whether you trade stocks or ETFs, our award-winning solutions deliver a solid trading experience based on strategies and analysis making the trading process easier, faster and more professional. These innovations thus bring a whole advanced institutional solution to the retail market with a user-friendly smart platform.”

Wealthface has recently launched its Invest App for passive investors in the Middle East and in the United States on Android and IOS.

The Wealthface platform offers investors multiple types of accounts related to their financial objectives like Retirement, Education, Building Wealth and multiple selections of portfolios based on the client risk level.

Read this next

Industry News

GenAI can help transform OTC derivatives markets, said ISDA whitepaper

The risks of GenAI, however, include data breaches, regulatory issues, bias, as well as sub-standard or simply false results.

Institutional FX

B2Broker ups leverage on major Forex pairs, BTC and ETH

“This strategic update not only enhances our clients’ competitive edge but also augments their capacity to cater to the evolving demands of their clientele, attract new business, and elevate their service standards by leveraging our liquidity solutions.”

Industry News

Avraham Eisenberg convicted of $110 million DEX manipulation

Avraham Eisenberg, 28, has been convicted of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation of the Mango Markets decentralized cryptocurrency exchange.

blockdag

BlockDAG Attracts $18.1M In Presale, Drawing Investors From Dogecoin And UNUS SED LEO for Potential 30,000x ROI

As the markets for Dogecoin and UNUS SED LEO exhibit volatility, a significant number of investors are redirecting their focus towards BlockDAG during its Batch 9 presale, which has remarkably gathered $18.1 million.

Digital Assets

Coinbase launches perpetual futures trading for Dogwifhat memecoin

Coinbase International Exchange (CIE) will introduce perpetual futures trading for Solana-based memecoin dogwifhat ($WIF), starting April 25. These open-ended futures contracts can be traded using the USDC stablecoin.

Digital Assets

Kraken acquires TradeStation’s cryptocurrency business

Kraken, the second-largest U.S.-based cryptocurrency exchange, has acquired the cryptocurrency arm of online brokerage TradeStation.

Retail FX

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. However, there was no official statement on the relaunch on its website, Discord channel, or social media accounts yet.

Executive Moves

NAGA lures former Tickmill compliance exec Loukia Matsia

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, appointed Loukia Matsia as their new Head of Compliance and Anti-Money Laundering (AML).

blockdag

Explore 2024’s Top Cryptocurrencies: BlockDAG Leads With 30,000x ROI Potential, Among Surge Predictions For Bitcoin And Ethereum

Navigating the vast ocean of cryptocurrencies might feel overwhelming for many investors, whether seasoned or newbies.

<