Press Release.
Sarwa announced the launch of its highly anticipated product: Sarwa Trade. The new service will allow people to buy, sell, and track stocks and Exchange Traded Funds (ETFs) through a simple and intuitive mobile app. Users will have access to unlimited $0 commission trades of over 4,000 publicly traded stocks and ETFs listed on major U.S. exchanges.
Sarwa Trade is the first trading platform that offers zero commission as well as zero local transfer fee from AED accounts, for retail clients in the UAE. It gives them access to reliable, regulated, and affordable trading. Many trading platforms add a dealing charge, a management fee and/or an administration fee when you buy or sell shares through them. Zero commission means that Sarwa does not charge any fee on buying and selling stocks or ETFs, and no dealing fee, management fee, commission fee, or administration fee for Sarwa Trade.
“The options for stock trading in the MENA region are few and far between— traditional brokerages have high fees, the technology is dated, and the experience isn’t exactly user-friendly,” said Mark Chahwan, CEO and co-founder of Sarwa. “We saw an opportunity to take the simple, human approach we’re known for and apply it to the trading experience. We always have our clients and community at the center of what we do, and that’s why our product is localized for transfers. This way, UAE residents with a local account can avoid the high international transfer fees.”
Since launching to consumers in February 2018, Sarwa continues to revolutionize financial products in the region with the announcement of this new feature, especially after the continual success of its flagship product, Sarwa Invest. The app simplifies the trading experience with an intuitive and elegant design, in comparison to the confusing way traditional brokerages typically present trade. There’s no minimum account size: users can start trading with just $1. Opening an account is fast and easy, and existing Sarwa clients can sign up with just one tap.
Sarwa Trade is great for new investors who want to start their trading journey, existing Sarwa clients looking to consolidate their investments, as well as experienced investors who will finally have the option of a more affordable, user-friendly platform.
“Our approach to investing hasn’t changed: the most efficient way to grow your money long-term is to have a diversified, low-cost portfolio that tracks the market. Contribute to your portfolio regularly and stay the course. But that doesn’t mean there’s no place for buying and selling individual stocks as part of a holistic financial plan,” said Mark Chahwan. He continues: “Some international firms that target the market are not regulated. This is scary when you think about the small retail investors. Our community has been venturing into trading, and we feel we should support by providing them with the right platform.”
The Sarwa Trade app is currently available on iOS and Android, and has the following features and functions:
- Zero commission trading
- Zero transfer cost from AED accounts
- Fractional shares: buy in bulk or in fraction
- No account minimums. You can start with only $1
- Access to 4,000+ US listed stocks
- View real time stock prices
- Access to most popular & top movers’ stocks, stock metrics and companies’ profile
- Fast and easy online account opening
- Bank level security and SSL encryption
Through its mobile app, Sarwa aims to continue delivering more innovative personal finance products. Sarwa Trade is a self-directed trading service, while Sarwa invest provides hands-off long-term investing through globally diversified portfolios that reflects the risk level of the client.
The above opinions should not be considered as personalized investment advice and all investing involves risk. For more information, email social@sarwa.co or check Sarwa’s help desk.