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.
| Online trading | Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Sri Lanka, Turkey, UAE, UK, UK - International Order Book, USA, USA - OTCBB |
| Telephone trading | Libya, Morocco, Tunisia |
| Typical online | US$10 |
| Online details | Bahrain 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 telephone | Not stated |
| Telephone details | Not stated |
| Account fees and inactivity fees | Not stated |
| Custody charges for stocks | Not stated |
| Dividend charges | Not stated |
| Corporate action charges | Not stated |
| Currency conversion charges | Typically 0.2-0.5% margin over interbank rate |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | AED, BHD, KWD, SAR, USD |
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