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

Digital Assets

Coinbase CEO says Chase UK’s ban on crypto “totally inappropriate”

Coinbase CEO Brian Armstrong criticized Chase UK’s decision to restrict cryptocurrency-related transactions in the UK. He called the move “totally inappropriate” and expressed his disagreement with the bank’s decision to ban its UK customers from conducting debit card or wire transfers related to cryptocurrencies.

Digital Assets

Binance CZ refutes any connection with CommEX

Changpeng “CZ” Zhao, the founder and CEO of Binance, has denied being the owner of CommEX, the company that reportedly acquired Binance’s business in Russia.

Institutional FX

Refinitiv’s spot FX volumes hit 8-month low

Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $424 billion last month on the company’s main FX trading services.

Executive Moves

Integral hires industry veteran Paul Arnold as liquidity manager

Integral, a technology provider to the financial markets’ buy-side, has appointed Paul Arnold, a highly experienced FX industry professional, as its liquidity manager, according to information made public on his Linkedin profile.

Digital Assets

Terraform’s Do Kwon challenges US extradition request

Do Kwon, the crypto entrepreneur and former CEO of Terraform Labs, is opposing the U.S. Securities Exchange Commission’s request to question him about the crash of his company’s stablecoins Terra and Luna.

Digital Assets

Coinbase gets nod to offer futures for retail customers

Coinbase International Exchange has received regulatory approval from Bermuda’s financial regulator, the Bermuda Monetary Authority (BMA), to allow eligible non-US retail customers to trade perpetual futures contracts.

Inside View

How brokers can win the trading tech wars: Insights from iFX EXPO 2023

Last week’s iFX EXPO International 2023, held at the City of Dreams Mediterranean Integrated Resort in Limassol, Cyprus, welcomed a series of insightful discussions. A panel that particularly stood out focused on the role and evolution of trading technology.

Crypto Insider

Web3 Transformation: Radix’s Babylon Update Redefines User and Developer Engagement

Radix Publishing leaps forward in the decentralized world with the release of the Babylon mainnet upgrade, bridging the gap between innovative tech and user-friendly DeFi experiences.

Digital Assets

Crypto.com Joins Forces with PayPal and Paxos for Enhanced PYUSD Exchange Experience

Crypto.com collaborates with PayPal and Paxos to fortify its position as the premier exchange for PYUSD, marking a significant milestone in the global crypto landscape.