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Nasdaq Dubai Forex Broker keeps up-to-date with the latest trading account information, including Standard , Nasdaq Dubai maximum leverage of --, trading varieties, and more
Rating Index
Pros
Offers a wide selection of sharia-compliant financial assets, particularly through sukuk listings.
Access to major Middle Eastern equities and indices, providing diverse investment opportunities.
Reputable member brokers associated with Nasdaq Dubai are regulated by esteemed authorities, enhancing trust and safety for traders.
Cons
Recent warnings from regulatory bodies indicate potential issues with legitimacy and compliance, raising concerns about investor protection.
Limited educational resources and support for beginner traders compared to other brokers in the market.
Relatively few securities available for trading due to the exchange's newer status, which may restrict investment options for traders.
Nasdaq Dubai broker Accounts
Standard
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
--
Minimum Spread
1.1
Depositing Method
(9+) VISA Bank transfer MASTER Neteller
Withdrawal Method
(9+) VISA MASTER Skrill Bank transfer
Minimum position
--
Commission
$0
Products
--
Nasdaq Dubai
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
--
Minimum Spread
0.0 - 0.3
Depositing Method
(9+) Bank transfer MASTER Neteller Skrill
Withdrawal Method
(9+) MASTER Skrill Bank transfer Neteller
Minimum position
--
Commission
From 7 AUD per 100,000 bilateral transactions
Products
--
Nasdaq Dubai Account Type
Nasdaq Dubai offers three types of broker accounts for members wishing to trade on the exchange:
- Trading Member (TM): A TM executes trades but relies on a General Clearing Member (GCM) for clearing and settlement.
- Individual Clearing Member (ICM): An ICM can execute trades and clear and settle its own trades but cannot clear for others.
- General Clearing Member (GCM): A GCM can execute trades, clear and settle its own trades, and also clear and settle trades for Trading Members.
- Obtain a National Investor Number (NIN):
- Complete the investor data entry application form.
- Gather required supporting documents and submit them to Nasdaq Dubai or your broker.
- If you already have a NIN for the Dubai Financial Market (DFM), you do not need a separate one for Nasdaq Dubai.
- Choose a Broker:
- Select a broker that is a member of Nasdaq Dubai. Most large brokers that trade on DFM can also trade on Nasdaq Dubai.
- Submit Required Documents:
- Provide copies of regulatory licenses and constitutional documents.
- Submit policy documents related to compliance, anti-money laundering (AML), operations, and risk management.
- Include an audited financial statement and details of your settlement account.
- Establish IT Connectivity:
- Set up IT connectivity to Nasdaq Dubai and complete trading and clearing conformance tests.
- Approval:
- Once approved, you can start trading on Nasdaq Dubai. The appointed trading manager must pass the trading manager examination within three months of approval.
- Account Confirmation:
- After submitting all documents and receiving approval, you will receive a confirmation email with your account details. A portfolio manager will be assigned to assist you further.
Nasdaq Dubai Broker Account Opening Process
To open a broker account with Nasdaq Dubai, follow these steps:
For more information, visit Nasdaq Dubai.
Nasdaq Dubai Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
Nasdaq Dubai accounts can be viewed for products that can be traded -- accounts with a minimum deposit of -- by (2+) (9+) VISA Bank transfer MASTER Neteller.