Al Ansari Exchange is one of the UAE’s largest financial services companies, specializing in foreign exchange, remittance, and other financial services. Established over 50 years ago, Al Ansari has grown to operate a vast network of branches across the UAE, serving both individuals and businesses. With a solid reputation for reliability and a large customer base, Al Ansari is a trusted name in the financial services industry. In 2023, Al Ansari launched its IPO on the Dubai Financial Market (DFM), raising $210 million. This IPO marked a significant milestone for the company, which is well-positioned to capitalize on the growing demand for remittance and foreign exchange services in the region.
The Al Ansari IPO offers investors a chance to gain exposure to the booming financial services and insurance sector in the UAE. With a robust business model and a strong market presence, Al Ansari’s listing attracted both institutional and retail investors. As the company continues to expand its services, investors see this IPO as an opportunity to tap into the UAE’s growing financial sector.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
Top broker for buying Al Ansari shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading Al Ansari stocks
Let’s take a look at the fees for trading Al Ansari shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Al Ansari shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade, or $0.005/share. Needless to say, these are different at each broker.
Let’s see the fees of trading with Al Ansari shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase Al Ansari stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade Al Ansari shares on the first day.
For more information on IPOs, take a look at our article on IPO investing.
If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.