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XTB is planning an expansion of its latest passive Investment Plans, which will result in the introduction of an auto-trading option, according to recent reports.
The Polish fintech’s CEO, Omar Arnaout, believes that recurring payments facilitate long-term, passive investing, not to mention that they leverage the global potential that ETF funds can offer.
The advantages of auto-trading
XTB has been offering passive instruments in which its clients could have invested since last autumn. The instruments allowed for long-term or medium-term investments. However, the new expansion of investment plans will enable the creation of as many as 10 different investment portfolios, where each of them would have its own unique strategy, depending on which ETF funds are selected.
Furthermore, each of the portfolios will be able to include up to 9 funds, and the minimum investment will only be $15, making it available to pretty much everyone seeking to make an investment.
In the past, the company announced plans to make its service better through expansion and implementation of new abilities, such as the capability to fund each investment portfolio regularly. However, it appears that the firm is finally ready to implement this new feature. While it was expected to arrive by the end of 2023, it has seen a slight delay, which will now see it launched in early 2024 if there are no further issues.
Commenting on the new feature, Arnaout added that modern technology and algorithmic trading will allow clients to invest their chosen amounts regularly and automatically. He further claims that XTB will expand its offering with a variety of products that will appeal to those interested in investing but who lack the time to become actively involved.
The introduction of the recurring payment feature will also allow each investor to determine what amount they wish to invest and how often. However, it is also worth noting that recurring payments have the flexibility to change settings at any time. This will be extremely useful for situations when the users’ investment needs, goals, or capabilities change.
XTB continues to expand its offering
Reports said that XTB will start the promotion of the new offering starting this Thursday. After that, auto-trading will be implemented in all markets where Investment Plans are available, immediately. That includes a number of countries in Europe, including the company’s native Poland, but also numerous markets beyond the European continent.
XTB’s CEO concluded by saying that the company is seeing promising results for its investment plans in all markets.
It is also worth noting that the introduction of auto-trading is only the latest move on XTB’s way to expand its offering. Only a month ago, the platform’s branch in Dubai revealed the launch of fractional shares for the UAE investors, and before that, in November, XTB offered more attractive interest rates on idle client deposits.
The firm said at the time that it is fully aware that its clients are looking for additional ways to put their money to work as they wait for the right market opportunities to take a more active role.
