Sarwa introduces zero-commission trading platform – The National

Sarwa introduces zero-commission trading platform – The National

UAE low-cost robo-advisory platform Sarwa introduced a zero-commission, zero-transfer fee stock trading service to tap into demand for online trading that has surged since the outbreak of the Covid-19 pandemic last year.

The Sarwa Trade app will give retail investors access to more than 4,000 publicly traded stocks and exchange-traded funds listed on US exchanges, the company's co-founder and chief executive Mark Chahwan said on Wednesday.

“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,” Mr Chahwan said.