UAE Traders Can Fund eToro Instantly in AED via Lean Technologies
Trading and investing platform eToro has partnered with Lean Technologies to enable instant AED bank transfers in the United Arab Emirates.
Other brokers in the UAE have also expanded local payment options. Tickmill, for example, partnered with Mashreq Bank to allow deposits and withdrawals in AED and USD.
eToro Enables Instant UAE Bank Deposits
Doron Rosenblum, EVP Business Solutions, eToro, Source: LinkedIn
The integration lets UAE users link their eToro account to their local bank. Deposits can be made in seconds without leaving the app. The process removes the need to enter card details or switch between applications. It also reduces manual errors and simplifies funding.
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“Open banking is a powerful innovation that’s transforming how people move and manage their money,” Doron Rosenblum, EVP Business Solutions, eToro said. “By integrating this capability, our users will benefit from a faster, easier, and safer funding experience.”
Abu Dhabi Office Supports Local AED Transfers
Omar Hamada, VP of Sales & Partnerships, Lean Technologies, Source: LinkedIn
The move is part of eToro’s localisation strategy in the region. The company has opened an office in Abu Dhabi, added stocks listed on the Abu Dhabi Securities Exchange and Dubai Financial Market, and integrated UAE PASS for onboarding.
You may find it interesting at FinanceMagnates.com: eToro Solidifies MENA Strategy with Abu Dhabi License.
As part of the launch, customers depositing AED via instant transfers on eToro will not pay conversion fees when converting funds into USD. This offer is valid until 31 December 2025.
“By embedding Lean’s infrastructure, eToro has streamlined the entire process, giving users a faster and safer way to move money,” Omar Hamada, VP of Sales & Partnerships, Lean Technologies, commented.
European Users Get New Deposit Options
Meanwhile, eToro has added new deposit options for its European users, allowing credit card and bank transfer deposits in eight local currencies, including SEK, NOK, DKK, CHF, HUF, PLN, CZK, and RON.
The company has secured regulatory approval from the Cyprus Securities and Exchange Commission to operate under the Markets in Crypto-Assets Regulation and continues to comply with MiFID rules. FX fees have been reduced to 1% to lower transaction costs and improve flexibility for users.