Key Takeaways: Mashreq Bank has an online investing and trading platform (Mashreq Securities) that offers investment opportunities in multiple financial markets including the NASDAQ, Dubai Financial Market and Abu Dhabi Securities Exchange. However, we recommend avoiding this platform as it charges high fees and doesn't support many assets on its platform.
The most secure and affordable way to invest in stocks and ETFs with a Mashreq Bank account, is through the eToro exchange. eToro is a multi-asset investing platform that offers sex classes including stocks, ETFs, indices, commodities, fiat currencies and cryptocurrencies. In total, the platform offers almost 9000 assets with over 8000 stocks.
Can I buy stocks on Mashreq Bank?
Yes, Mashreq Bank has an investment and trading platform called Mashreq Securities. However, we suggest avoiding this platform for a few reasons, the first being that it does not offer many assets on its platform. Secondly, it has much higher fees than the industry average, and it can cost up to 10% of your investment in fees. Lastly, it is not as secure as a traditional brokerage platform.
We recommend using the eToro exchange instead, as it offers significantly more assets on its platform and is a brokerage-free trading platform. This means it does not charge any fees to purchase stocks or ETFs through its platform. Additionally, it does not charge any fees to deposit funds onto its exchange. eToro has also been awarded an In-Principle Approval by the ADGM to legally operate in the UAE.
How to buy stock & ETFs with Mashreq Bank
The best and easiest way to buy stocks and ETFs with Mashreq Bank is through eToro. On eToro, Mashreq Bank account holders can deposit funds through Credit/Debit Card, Bank Transfer, Skrill, Neteller, PayPal & Payoneer. Follow the below guide to buy stocks with Mashreq Bank.
- Sign Up: Create an account on eToro and complete the verification process.
- Deposit Funds: Click 'Deposit Funds', pick a method and deposit funds to eToro.
- Find Asset: Look for the asset you want to purchase and select 'Trade'.
- Buy Stock: Input the amount you want you want to invest and tap 'Set Order'.
What is Mashreq Bank
Mashreq Bank is one of the leading banks in the United Arab Emirates. The bank was founded in 1967 and has since grown to become one of the largest financial institutions in the country. The bank has a strong presence in retail, corporate, and investment banking, and has a network of over 200 branches across the country.
The bank has received several awards and accolades over the years for its products and services. In 2017, Mashreq Bank was named the 'Best Retail Bank in the UAE' by The Asian Banker. The bank has also been ranked among the 'Top 10 Banks in the UAE' by Forbes magazine. Mashreq Bank has won numerous awards over the years, and it is widely considered to be one of the best banks in the UAE.
Is it legal to buy stocks in the UAE?
Yes, it is completely legal to buy stocks in the United Arab Emirates. However, there are a few key things to keep in mind before investing. First, it's important to understand the risks involved in stock market investing. Stocks can go up or down in value, and you could lose money if you invest in a company that doesn't perform well.
Secondly, remember that stock prices can fluctuate rapidly. It's important to have a long-term investment strategy and not make decisions based on short-term price movements. Finally, it's important to ensure that the platform you use to buy stocks with is a secure, regulated and licensed brokerage platform. eToro is regulated and licensed to legally operate in the UAE.