HSBC has launched WorldTrader in the UAE, a digital trading platform that provides customers access to a wide range of international investments.
WorldTrader offers HSBC wealth and personal banking customers access to up to 80% of global stock market capitalisation to trade equities, exchange-traded funds (ETFs) and bonds and to invest in mutual funds and fixed-income products, using either HSBC’s mobile app or online banking.
“The UAE holds significant strategic importance for HSBC, and WorldTrader is one of many ways we invest in our digital wealth capabilities to better meet the sophisticated needs of our international-minded affluent clients,” said Mohamed Al Marzooqi, CEO, UAE, HSBC Bank Middle East.
“WorldTrader’s extensive network covering up to 77 exchanges across 25 markets directly addresses the growing customer demand for international investments.”
The UAE is the first market in the HSBC global network to launch WorldTrader, with select markets in Asia and the Middle East set to follow.
Customers can open an investment account through the app without the need to go into a branch and access their HSBC funds to start trading on the WorldTrader platform on mobile or desktop.
The safe, secure, and simple-to-use platform allows new and established investors to manage their real-time investments across multiple markets. It offers free, up-to-date market data, news, and expert analysis.
HSBC WorldTrader is entirely digital and powered by Interactive Brokers, a company known for pioneering electronic trading and serving 2.5 million active clients worldwide. Interactive Brokers provides automated trade execution and custody of securities, commodities, and foreign exchange around the clock, from a single unified platform to investors worldwide.
