Approved stock brokers in Dubai

Definition: A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors.
A transaction on a stock exchange must be made between two members of the exchange — an ordinary person may not walk into the New York Stock Exchange (for example), and ask to trade stock. Such an exchange must be done through a broker.

There are three types of stockbroking service.

  • Execution-only, which means that the broker will only carry out the client’s instructions to buy or sell.
  • Advisory dealing, where the broker advises the client on which shares to buy and sell, but leaves the final decision to the investor.
  • Discretionary dealing, where the stockbroker ascertains the client’s investment objectives and then makes all dealing decisions on the client’s behalf.

Roles similar to that of a stockbroker include investment advisor, and financial advisor. A stockbroker may or may not be also an investment advisor, and vice versa.

Stockbrokers also sometimes or exclusively trade on their own behalf, as a principal, speculating that a share or other financial instrument will increase or decline in price. In such cases the term broker makes little sense and the individuals or firms trading in principal capacity sometimes call themselves dealers, stock traders or simply traders. A stock broker is just the main part of being a City Trader. Other types of City Trading include working in the Foreign Exchange.

(source: Wikipedia)

Following are the details of authorized finance companies in Dubai, approved to act as stock brokers:

Al Dhabi Brokerage LLC +971 4 800 3325

Al Ramz Securities L.L.C. +971 2 611 8806 / +971 2 611 8848
www.alramzuae.ae
difxtrades@alramzsecurities.ae

Abu Dhabi Financial Services Company +971 2 616 1625

Al Islami Financial Services +971 50 551 0565 / +971 4 321 7000

Al Mal Securities Group A division of Al Mal Capital +971 4 360 1111

Daman +971 4 800 426325

Direct Broker for Financial Services (Mubasher) +971 4 800 3237

EFG Hermes UAE Limited +971 4 306 9333

Emirates International Securities +971 4 316 0260

Emirates Securities +971 2 627 1515
www.e-securities.ae
difx@e-securities.ae

First Gulf Financial Services +971 4 800 3437

Gulf National Securities Centre L.L.C +971 2 633 6660

Mashreq Securities +971 4 363 2222
info@mashreqsecurities.com
www.mashreqsecurities.com

MAC Sharaf Securities +971 4 409 7102
DIFX@mac-sharaf.com
www.mac-sharaf.com

MAKASEB Islamic Financial Services +971 2 610 6472 / +971 2 610 6454

Rasmala Financial Brokerage +971 4 309 8870
www.rasmalabrokerage.com
difx@rasmalabrokerage.com

Taib Securities L.L.C. +971 4 337 2223
www.taib.com
info@taib.ae

Union Brokerage Company +971 2 617 2100 (Within the UAE) / 2300 (Outside the UAE)
www.ubc.ae

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