Trading hours vary depending on the market you are looking to invest in. For each market, Nemo will guide you showing you when it’s open, or closed, in your local time ⏰.
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.
Yes, you can. Your Crypto CFD account is readily available as soon as you complete the registration process.
However, you should know that while investing in cryptos through this account you are not actually buying the digital coins, but rather speculating on their price going up or down. There are a number of advantages to investing in crypto CFDs with Nemo: no need for a crypto wallet, speed of transaction, lower fees, regulatory protection, and no exposure to theft or loss.
Yes, you can trade the most popular commodities, currency pairs, and indices with your Boost account in Nemo.
Investing and trading with Nemo is commission-free. However, there are some typical costs everyone who invests and trades is subject to. These are:
Spreads: It is the difference between the BUY and SELL price of the instrument you’re investing in. This is a cost for participating in the financial market, and everyone in the world who invests or trades pays it.
Overnight financing (also known as swaps): You will incur these if you are actively trading via your Boost account. It is the cost of keeping a position open overnight when trading leveraged CFDs.
Yes, in your Boost account. In Nemo, we call Leverage the Boost Factor. The Boost Factor depends on what you choose to trade:
Indices: 20:1
Commodities (excl. Gold): 10:1
Gold: 20:1
Forex: 30:1
When you are opening a trade via your Boost account, you can limit your losses by setting a maximum loss at which your position will automatically close. This protects you from losses you're not willing to incur.
When you are opening a trade via your Boost account, you can set a target profit and, if the price moves in your favour, your position will automatically close at the right time to cash it in.
