HSBC Launches WorldTrader in UAE for Global Investments

HSBC has introduced a new digital platform called ‘WorldTrader’ in the UAE. This platform allows customers to invest in a wide range of international markets. WorldTrader covers 77 exchanges across 25 markets, addressing the growing demand for international investments.

According to HSBC, the platform will provide Wealth and Personal Banking (WPB) customers access to 80% of global stock market capitalisation. Customers can trade equities, exchange-traded funds (ETFs), bonds, and invest in mutual funds and fixed income products using HSBC’s mobile app or online banking.

The UAE is the first market in HSBC’s global network to launch WorldTrader, with plans to expand to select markets in Asia and the Middle East. HSBC’s Affluent Investor Snapshot 2024 survey revealed that 55% of respondents in the UAE plan to increase their overseas investments.

Dinesh Sharma, HSBC’s Regional Head of Wealth and Personal Banking for Europe, Middle East, and Africa, stated that the UAE is one of the top five Wealth and Personal Banking markets for HSBC globally.