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.