Easy approvals and digital transactions have encouraged young people across the Middle East to embrace fintech apps, for capitalising on investment opportunities. The past year has seen enthusiasm among netizens, regarding online portals to trade stocks globally, and the rise cryptocurrencies as a safe asset.

Sensing the rise of a new trend, Dubai's commercial bank also launched a smart advisor to guide netizens towards strong portfolios for higher returns. To take things further, a global trading platform Binomo is offering a complete trading experience to young investors in Saudi Arabia.

The platform accelerates the process of setting up an account via features like automated verification, which also makes it a hassle-free experience for users. It offers four different subscriptions for customers, which come with varying degrees of profitability and attractive bonuses.

In an environment where informed decisions and insights are the key to maximum gains on investments, the platform also offers tips and tutorials about trading. Demo accounts can be set up to get new players acquainted with the nitty gritty of the stock market.

Netizens can learn new techniques and strategies for trading, and can test them against peers in weekly tournaments hosted by Binomo. In addition to a space for sharpening skills, traders also get knowhow from a help centre which acts as an online encyclopedia for people entering the virtual ring.

Despite the risk involved, the app makes trading an attractive proposition, as investors can get started with a deposit as low as $10. The support system that Binomo provides explains its expansion to several markets including the kingdom, just six years after it was launched.

Other than this, Saudi Arabia's neighbours in the Middle East have also launched robo-advisors to take care of a user's entire investment in stocks. On the other hand, risk of scams has prompted innovators to deploy AI for alerting firms about employees involved in suspicious activities.