The regular trading hours for the U.S. stock market, which includes the Nasdaq Stock Market (Nasdaq) and the New York Stock Exchange (NYSE), are 9:30am to 4:00pm (GTM - 5), except weekends and stock market holidays. Nemo will guide you showing you when markets are open, or closed, in your local time ⏰.
You can also invest while the markets are closed, your orders will appear as pending in your Portfolio and will be processed when the markets open.
Not yet, but we’re working hard on letting you invest in a neme as whole soon. Watch this space! ⬅
Absolutely, yes. Instead of having to purchase a whole stock, with Nemo you can become the owner of a slice of your favourite companies based on how much you’re willing to invest 🍰.
Yes. Nemo offers around 1,500 ETFs to choose from. When you invest in an ETF (exchange-traded funds), you get a bundle of assets you can buy and sell during market hours—potentially lowering your risk and exposure, while helping to diversify your portfolio.
If you live in the UAE you won't pay income tax or capital gains tax on the money you make from investing*. If you have moved to the UAE from another country, it is often better to invest in stocks and shares with a UAE broker, than to invest with a broker from your "home" country where you will likely have to pay income tax or capital gains tax on the profits you make from investing.
Tax rules and obligations are complicated. Given the complexity, we have to recommend you consult with a tax advisor for your specific situation.
* For residents of the UAE, a US tax on dividends (30%) is automatically deducted from any dividends you receive from US-based stocks and ETFs traded on Nemo.