Fidelity Bank Ghana, in partnership with Saxo Bank, based in Europe, have introduced a new investment channel to the Ghanaian financial market which allows individuals to electronically trade in international commodities, securities and bonds. The product known as ‘FAB Investing’ will be managed by a subsidiary of Fidelity Bank Ghana and is expected to empower Ghanaians to be able to trade directly on the global financial markets. The Head of Wealth of Fidelity Asia Bank, Ms Mala Anand, said at the launch of the service in Accra that it would finally give Africans and Ghanaians a level playing field on the international financial markets. “This state-of-the-art financial platform would offer investors and businessmen access to a wealth of real financial data, charts and exclusive tools to help them monitor financial market real time,” she said. She added that the platform would also expose prospective investors in Ghana to a world of trading opportunities with over 30,000 financial products. “There are many people in the country who do not even know such opportunities exist. What we are bringing on board with our free in-depth training will help investors get direct access and knowledge to protect their investments and make their own money”, she noted. How it works Users are expected to sign on to the platform and they can take the decision to enroll and also have an initial capital to sign on and trade. The platform has been designed to be user friendly. Ms Anand also assured customers that the 24-hour platform would not have issues with time zones of major trading markets around the world. “Fidelity Bank clients are fortunate that they can now get the same real time insights into the financial markets as their business competitors in Europe and United States ”, she added. FAB investing Fidelity Asia Bank is a fully owned subsidiary of Fidelity Bank Ghana. FAB investing is the brokerage arm of Fidelity Asia Bank (FAB), a leader in the investment industry, and with the help of their top tier liquidity providers and innovative technology partners, have come out with the world-class investing platform. The FAB investing platform requires no discretionary advisor to manage accounts on behalf of people because the platform gives account holders so much transparency and power to make their own trading decisions. Funding the account could be done with both the local or other major currencies by opening a collection account with the bank, while withdrawal could be done by sending an email. Customers can open an account with a minimum amount of US$100.
Saxo Bank has partnered with Fidelity Bank Ghana to launch FAB Investing, a new platform that enables retail investors to trade electronically on global markets in commodities, securities and bonds. The service gives investors access to over 30,000 international financial products together with data, charts and tools to monitor markets in real time.