HSBC has unveiled its latest digital innovation, WorldTrader, in the UAE, marking a significant milestone in enhancing international investment opportunities for its Wealth and Personal Banking (WPB) customers. This cutting-edge platform empowers users with seamless access to a diverse array of global investment opportunities, including equities, ETFs, bonds, mutual funds, and fixed income products.
WorldTrader, accessible via HSBC’s mobile app or online banking, covers up to 80% of the global stock market capitalization, offering unparalleled access to 77 exchanges across 25 markets. The UAE stands as the inaugural market for WorldTrader within HSBC’s global network, with further expansion planned across select markets in Asia and the Middle East.
Mohamed Al Marzooqi, CEO, UAE, HSBC Bank Middle East, emphasized the platform’s strategic significance, stating, “WorldTrader responds directly to the increasing demand among UAE investors for international investment opportunities. It provides them with the tools needed to manage a globally diversified portfolio conveniently and securely.”
A recent survey by HSBC highlighted a robust appetite among UAE investors for expanding their overseas investments, with over 55% of respondents expressing intent to increase their international investment allocations.
Dinesh Sharma, Regional Head of Wealth and Personal Banking (WPB), EMEA, HSBC, highlighted the platform’s user-centric design, stating, “WorldTrader sets a new standard in digital wealth management, offering simplicity, security, and extensive market access tailored to our customers’ evolving needs.”
WorldTrader is powered by Interactive Brokers, renowned for its advanced electronic trading capabilities and serving millions of clients worldwide. The platform provides real-time portfolio management, alongside comprehensive market data, news, and expert analysis, ensuring users stay informed and empowered in their investment decisions.
“The launch of WorldTrader in the UAE underscores our commitment to enhancing the digital wealth experience for our clients globally,” added Sharma. “The UAE’s role as a key market for HSBC’s Wealth and Personal Banking segment makes it an ideal launchpad for this innovative platform.”
