Amana Revolutionizes MENA Investing with Zero-Fee Trading
In a landmark announcement, Amana, a prominent trading platform, has introduced a zero-commission, no-fees pricing strategy for all stocks listed in the Middle East and North Africa (MENA) region. This initiative is set to transform the investment landscape and stimulate increased participation in local equity markets.
Until now, investing in MENA-listed stocks has been a cost-intensive process, with brokers charging commissions and fees that can quickly eat into an investor’s potential returns. However, Amana is challenging this status quo by offering free trading on all MENA-listed stocks. The first $100,000 investment made by Amana customers will incur absolutely no cost – no commissions, no exchange fees, and no clearing fees. This unprecedented move aims to eliminate the financial barriers that have traditionally discouraged many from investing in the stock market.
But Amana’s commitment to democratizing investing doesn’t stop at the initial $100,000 investment. Beyond this point, Amana continues to charge zero commissions on trading MENA and global stocks. This is a significant departure from the practices of other brokers who typically charge commissions on trades. As such, Amana’s unique pricing strategy represents a more cost-effective solution for investors, particularly those who trade frequently or in large volumes.
Beyond zero-fee trading, Amana also offers the advantage of fractional trading. Fractional trading allows investors to purchase fractions of a company’s shares, rather than having to buy full shares. This innovative approach makes it possible for smaller investors to diversify their portfolios and gain exposure to companies they might not otherwise be able to afford. By allowing investors to buy and sell fractions of shares, Amana is promoting more inclusive and equitable participation in the stock market.
The Amana App
Available on the App Store, the Amana App supports this commitment to accessible investing. The app enables users to invest and trade over 5,500 assets with zero commission and no hidden fees. With over 150,000 users, the app demonstrates Amana’s dedication to providing an easy and affordable investing experience.
Amana’s introduction of zero-fee trading for all MENA-listed stocks is expected to increase activity in the MENA stock markets by attracting new investors. Many potential investors have been deterred from participating in the stock market due to high trading fees. By eliminating these costs, Amana is creating a more level playing field where all investors, regardless of their budget, have the opportunity to participate in the stock market.
