Individuals

123Trade

1...2...3...Trade

Trading with Mashreq Securities is as simple as 1...2...3.  Simply get an Investor Number, Open a Cash Account (optional), Get a Trading Account and Client ID and you are ready to go.

1.  Setting Up An Investor Number

The Investor Number (IN) is a unique number given to you as an investor. It identifies your account at the Clearing and Depository Settlement (CDS) with the market, which holds all investor shares. The IN is used to transfer shares to and from your account each time you buy or sell them.  When you open an account with a broker you need to provide your IN so that future transactions in your account can automatically be settled immediately after the trade is done.  A separate Investor number is needed for the DFM and the ADX. 

2.  Setting Up a Cash Account With Mashreq or using the Funds account

Mashreq Securities offers you two options:  

1- Opening a cash account with Mashreq:
A cash account is a special Nil Balance account that would be used for the settlement of trade transaction i.e. the debits and credits of funds. You can establish either a Current or a Savings account.

2- Using the Funds account:
You may transfer or credit funds into a Fund Account in Mashreq to be able to trade without opening a personal cash account in Mashreq. You may start trading once the amount transferred or deposited is reflected in the account and assigned to you. 

Please send us a copy of the transfer or deposit slip either by fax to +971 4 273 4265 or by email to info@mashreqsecurities.com with the following information: 

Name of depositor / sender
Mashreq Securities Client ID or Trading account
Date of deposit / transfer
Amount 

3.  Setting Up a Trading Account/Client ID

The final step before you start your trading is to establish a Trading Account/Client ID.  The trading Account, is an account with your broker, Mashreq Securities, that is linked to the market(s) & the Mashreq Cash Account, allowing client to trade in the market(s).  The client ID is a 1 to 5 digit ID number that works as a username for online access to E-Trade and as an identification number when you are conducting your trades on the phone

Trade... 

There are three options to trade with Mashreq Securities:

  1. By phone: Orders can be placed by calling the brokers thru the phone on 04-363 2222 – & choosing option 1 (after language selection)
  2. Online: Orders can be placed by surfing our online service “E-Trade”, thus opening the way to wider options such as live market watch, client portfolio  & order placement. The Website can be accessed on: https://etrade.mashreqbank.com
  3. In Person: Orders can be placed at the counter in the market by filling the order placement forms each time a trade is required. This facility is only available at our Dubai Financial Market office & restricted to the Dubai Market shares only.

Documentation Required for the Investor Number

  • Application form
  • Investor signature
  • Client authorization for Investor number collection
  • Rules & Regulations;  Note:Mobilenumber has to be mentioned.
  • Passport copy with Valid residence visa (Verified & stamped by Mashreq Securities in original); Note: if a U.A.E. National then family book is also required.
  • In case of a representative: a copy of the Power Of Attorney authenticated by a notary public in addition to the agent’s passport copy.
  • In case of Minor Investors (below21) whose guardians are not the fathers: a copy of the custody docs should be authenticated by a notary public along with a copy of the guardian passport.

Documentation required for a Trading Account

Expatriates

  • Mashreq Securities Trading Account Opening Application
  • Passport copy
  • Second ID copy (driving license or labor card), to be verified by any authorized staff
  • Mashreq Cash Account number (optional - current, savings or corporate account)
  • Investor number – DFM &/or ADX

UAE Nationals

  • Mashreq Securities Trading Account Opening Application
  • Passport copy
  • Khulasat al Qaid
  • Mashreq Cash Account number (optional - current, savings or corporate account)
  • Investor number – DFM &/or ADX

For both Expatriates and UAE Nationals, if using a Joint Mashreq Cash Account linked to an individual Mashreq Securities account a "No Objection Letter" should be provided.