ADCB Account Type

ADCB (Abu Dhabi Commercial Bank) offers various types of brokerage accounts to cater to the needs of both individual and institutional clients. The main account types are:

• Individual Brokerage Account: Designed for retail investors looking to trade in financial markets. This account allows individuals to access a wide range of trading products and services.

• Institutional Brokerage Account: Tailored for institutional clients, this account provides world-class trading solutions suited for businesses and large organizations.

• Current and Savings Accounts: These accounts are available for personal banking needs, offering features like free cheque books, e-statements, and mobile access.

• Fixed Deposit Accounts: For clients looking to earn interest on their savings over a fixed term, these accounts provide competitive interest rates.

• Islamic Accounts: Shari'ah-compliant accounts that adhere to Islamic banking principles, offering profit-sharing agreements instead of interest.

ADCB Broker Account Opening Process

Opening a broker account with ADCB can be done through the following steps:

• Check Eligibility: Ensure you meet the eligibility criteria, which may include a minimum salary requirement for certain accounts (typically AED 5,000 for individual accounts).

• Gather Required Documents: Prepare the necessary documents, including:

• Original passport with a valid UAE visa (for residents).
• Emirates ID.
• Salary certificate or employer letter (for residents).
• Proof of address (utility bill or bank statement).
• Choose Application Method:
• Online: Use the ADCB Hayyak app to fill in your details, scan documents, and upload your signature for instant account setup.
• In-Person: Visit an ADCB branch with your documents to complete the account opening process.

• Account Setup and Welcome Kit: After approval, you will receive your debit card and cheque book within 24-48 hours.

• Start Trading: Once your account is active, you can access the ADCB trading platform, allowing you to trade on various financial instruments.

For more details, visit the ADCB website: ADCB Securities