MubasherTrade Global

 

MubasherTrade Global (previously known as DUTrade) is an online trading platform run by Bahrain-based Mubasher Financial Services, which is a subsidiary of National Technology Group, a Saudi Arabian conglomerate. Mubasher FS is a large regional institutional brokerage and MubasherTrade Global is its move into serving retail investors.

As far as we know, this is the only platform offering an online trading service covering most of the Middle East and North Africa markets, making it potentially very convenient for investors interested in this region. Some markets and stocks may not be available to all users – for example, Saudi Arabia is restricted to Gulf Cooperation Council citizens only.

In terms of investor protection, Mubasher FS is regulated by the Central Bank of Bahrain and local rules require brokers to keep clients assets segregated from their own assets. However, investor should be aware that there is no investor compensation scheme in this jurisdiction to protect against worst-case scenarios.

Markets available
Online tradingBahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Sri Lanka, Turkey, UAE, UK, UK - International Order Book, USA, USA - OTCBB
Telephone tradingLibya, Morocco, Tunisia
Dealing commissions and charges
Typical onlineUS$10
Online detailsBahrain 0.35% (min BHD5), Egypt 0.5% (min EGP100), Kuwait 0.275% (min KWD7), Oman 0.5% (min OMR5), Qatar 0.275 (min QAR75), Saudi Arabia 0.2 (min SAR75), Sri Lanka 1.12% (min LKR100), UAE 0.275% (min AED75), UK 0.1% (min £10), USA US$0.01/share (min US$9.99), enquire for others
Typical telephoneNot stated
Telephone detailsNot stated
Other fees and charges
Account fees and inactivity feesNot stated
Custody charges for stocksNot stated
Dividend chargesNot stated
Corporate action chargesNot stated
Currencies
Currency conversion chargesTypically 0.2-0.5% margin over interbank rate
Hold cash in foreign currenciesYes
Currencies allowedAED, BHD, KWD, SAR, USD
Other details
Tax-advantaged accountsNo
Other products and servicesCFDs, FX
Minimum account sizeNone
Company locationBahrain
Further informationVisit the MubasherTrade Global website

Click here to compare MubasherTrade Global with another broker

 Posted by at 10:23 pm