XTB launches its stock offering in the MENA area

XTB, a leading online trading platform, has recently announced that it will be offering stocks in the MENA region. This move comes as part of the company's expansion plans and aims to provide its clients with access to a wider range of investment opportunities.

Beginning from May 22nd, Users of the XTB platform will have the opportunity to purchase stocks and ETFs from up to 15 of the largest stock exchanges in the world, including The New York Stock Exchange, London Stock Exchange and Deutsche Boerse.

CEO OF XTB, Omar Ornaout said

“The development of our product offer in the MENA market is a natural step in our growth. Our goal is to provide our clients with a full investment spectrum so we are constantly working on the development from both the perspective of products but also technology. I will also not hide the fact that our branch in Dubai is one of the fastest growing. This shows the enormous interest in financial markets in this region and I am pleased that local investors will gain new investment opportunities.”

The MENA region is home to some of the world's fastest-growing economies and is a key player in the global financial market. With XTB's entry into this market, investors will now have the opportunity to invest in a range of companies across the region, including those in the oil and gas, technology, and healthcare sectors.

Achraf Drid, director of XTB MENA added: “The recent years during the COVID-19 pandemic, the tense geopolitical situation and rampant global inflation have created many investment opportunities in the market. Both for proponents of active and passive investing. I am pleased that with the expansion of XTBs offer in the MENA region, local investors will gain new investment opportunities.”

XTB's decision to offer stocks in the MENA region is a positive development for investors looking to diversify their portfolios. With its user-friendly platform and competitive pricing, XTB is well-positioned to become a major player in the region's financial market.

About XTB

XTb is a forex broker that offers trading services to clients. The broker has been in operation since 2002 and is regulated by various financial authorities. XTb provides a range of trading instruments, including forex, stocks, and commodities. The broker also offers educational resources and trading tools to help clients make informed trading decisions. Overall, XTb is a reliable and reputable forex broker for traders looking to enter the market.

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