Key Takeaways: First Abu Dhabi Bank or FAB Bank is the second largest financial institution in the United Arab Emirates. The platform offers investment opportunities in shares but unfortunately has limited assets and high fees.
The best and most affordable way to buy stocks with FAB Bank is by going through a regulated and licensed broker like eToro. eToro is a multi-asset investing platform with 6 asset classes and offers brokerage-free trading on stocks and ETFs.
Can I buy stocks on First Abu Dhabi Bank?
Yes, First Abu Dhabi Bank offers a share-investing feature through its banking platform, however, we do not recommend using it. The FAB investing product charges significantly more fees than a traditional brokerage platform. Furthermore, it has a limited selection of assets to invest in.
We suggest using the eToro exchange to purchase stocks on as it offers over 8000 investment opportunities in multiple asset classes including stocks, ETFs, indices, fiat currencies, commodities and crypto. If you're interested in learning more about eToro and its security, assets and features, you can visit our detailed eToro Review.
How to buy stocks with FAB Bank
In this guide, we show UAE residents the easiest way to buy stocks with a First Abu Dhabi Bank account. The eToro exchange is the most reliable and secure investing and trading platform that offers multiple deposit methods for FAB Bank account holders. On eToro you can deposit funds via bank transfer, credit/debit card, PayPal, Skrill, Neteller & Payoneer. Follow the below guide to get started.
- Sign Up: Create an account on eToro and complete the sign up process.
- Deposit Money: Click 'Deposit Funds', pick a method and send money from your FAB account.
- Find Stock or ETF: Go to the search bar, enter the asset you want to buy and tap 'Trade'.
- Buy Asset: Input the amount you want to invest and select the 'Set Order' button.
About First Abu Dhabi Bank
First Abu Dhabi Bank is one of the largest banks in the United Arab Emirates. It was formed in 2017 as a merger between National Bank of Abu Dhabi and First Gulf Bank. FAB offers a wide range of banking services including personal and corporate banking, investment banking, and private banking.
FAB has a strong presence in the UAE with over 120 branches across the country. The bank also has a significant international presence with branches in key markets such as Bahrain, Kuwait, Qatar, Saudi Arabia, and the United Kingdom. The bank's tagline is "The World's Local Bank" and it strives to provide a personal and tailored banking experience to each of its customers.
What are the fees to buy stocks?
Generally when you invest in stocks through a brokerage platform you will need to pay multiple fees. These include account management, brokerage, foreign exchange, deposit, withdrawal and ticketing fees. However, eToro has an attractive pricing schedule and does not charge any of the above-mentioned fees besides a $5 withdrawal fee. To learn more, visit eToros Fees Schedule.