How to Buy Stocks in UAE
Over the years, an increasing number of people in the UAE have been learning how to buy stocks. This trend of embracing smart, long-term investing is expected to persist into 2023, especially since the volatile market of 2022 has created favorable buying opportunities for newcomers to begin their investment journey.
The main driver behind this growing interest is straightforward: stocks continue to be one of the most lucrative investment options available.
Traditionally, to buy stocks on any of the three UAE exchanges, you had to first register for an investor number (NIN) by completing an online or offline form. Afterward, you would sign up with a broker to start trading.
Sarwa Trade has simplified this process by focusing on the NYSE, the world’s largest exchange, offering access to top global companies.
To start buying stocks, all you need to do is open a free account on the Sarwa Trade app.
Once your account is set up, you can begin buying and selling stocks and tracking the performance of your portfolio. This also includes the option to purchase fractional shares, allowing you to invest in smaller portions of a company’s stock instead of buying whole shares.
There are three types of orders you can place:
Market Order: A market order instructs Sarwa Trade to buy or sell a specific number of shares at the current market price. For example, if the stock price is $50 at 11am, the order will be executed at that price.
Limit Order: A limit order tells the broker to buy or sell shares at a particular price or better. For buying, it’s the maximum price you're willing to pay; for selling, it’s the minimum you're willing to accept.
Stop Order: A stop order triggers a market order to buy or sell shares when the stock price hits a specified point. Once the price reaches that level, the stop order becomes a market order and the trade is executed.