Riyad Capital Account Type

Riyad Capital offers various types of brokerage accounts to cater to different investment needs. The main account types include:

• Local Trading Account: Designed for trading in the Saudi stock market (Tadawul), this account allows clients to trade stocks, sukuk, exchange-traded funds (ETFs), and bonds with local insights and expertise.
• Institutional Trading Account: Tailored for sophisticated institutional clients, this account provides comprehensive brokerage execution services, including sales trading, care orders execution, and access to in-depth market research.
• US Market Account: This account allows clients to trade US stocks and ETFs with zero trading commissions for an unlimited period, along with access to advanced trading features and market research.
• GCC Trading Account: Clients can diversify their investments across GCC markets, including Dubai, Abu Dhabi, Kuwait, Bahrain, and Muscat, with access to professional traders and market insights.

Riyad Capital Broker Account Opening Process

To open a brokerage account with Riyad Capital, follow these steps:

• Eligibility: Ensure you have a valid investment account and local portfolio. If you do not have these, visit the nearest Riyad Capital center to fill out the required forms.
• Online Account Opening:
• Use your existing Riyad Bank account credentials to log in to the Riyad Capital online platform.
• Complete the online application for opening an investment account.
• Required Documents:
• Investment account agreement.
• Brokerage services agreement.
• For GCC trading, additional documents such as W8 new certificate of foreign status tax and FATCA form may be required.
• Direct Assistance: Alternatively, you can call Riyad Capital directly at 920012299 or visit one of their investment centers for assistance.
• Commission Structure:
• Local shares trading: 0.155% of the traded shares value plus VAT.
• Fixed-income bonds and sukuk: 0.50% to 0.80% of the transaction value plus VAT.

For more details, visit the Riyad Capital website.