Saxo Bank, the online trading and investment specialist, saw a 200 percent year-on-year growth in new female investors in the UAE, according to data released in line with Emirati Women’s Day.
The consistent growth means that women now make up almost 12 percent of Saxo Bank’s active clients for the market in 2021.
We are thrilled to see a continuous growth in female investors, we hope to further emphasise the message that trading is not just for men.” added Tara Tyan, Regional Head of Marketing.of the bank.
Emirati women now make up 50 percent of the UAE’s Federal National Council, while a promising 31 percent of the workforce within finance, banking and insurance are female.
The UAE has topped the MENA region rankings on women’s equality initiatives, according to the World Bank’s newly released ‘Women, Business and the Law’ (WBL) report.
Saxo Bank recently introduced its cryptocurrency offering, allowing clients from the Middle East and North Africa to trade crypto coins against major international currencies.
The Crypto FX will allow UAE female investors to broaden their investment options with the market evolving and drawing the attention of retail traders and financial institutions.
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with tools and market access as professional traders, large institutions and fund managers.