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UAE-based robo advisory platform Sarwa will offer zero-commission trading of global stocks and ETF to its clients.
The new service, which can be accessed via Sarwa app, is regulated by the ADGM Financial Services Regulatory Authority and is currently in private beta mode.
It will be rolled out to a waitlist leading to the public launch and will be exclusive to Sarwa Invest customers. Sarwa currently has more than 25,000 registered users.
"Many members of the community are trading small amounts in companies they are passionate about. They wanted access to a platform they can trust, that is affordable and easy to use. So, we built this new service to allow them to do that in a safe and regulated environment," said Mark Chahwan, CEO and Co-founder of Sarwa.
"We still believe the smartest way to build wealth is through regular, long-term, and diversified investing. That does not mean there is no place for buying and selling stocks, as long as it’s done responsibly. Especially when it comes to themes you really believe in, whether it’s crypto, green energy, or innovative tech companies," said Mark Chahwan.
Sarwa was founded in 2017 and incorporated in DIFC. Sarwa Digital Wealth Limited is the first fintech in the region to receive and graduate from the Dubai Financial Services Authority (DFSA)’s Fintech Innovation Testing License (ITL) while being part of the Fintech Hive at DIFC accelerator program.
(Writing by Seban Scaria ; editing by Daniel Luiz)
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