Question 1

Is baraka safe? Is my money insured?

Accepted Answer

We Are Regulated

baraka is licensed and regulated by the Dubai Financial Services Authority (“DFSA”). To offer US Stocks and ETFs, we have partnered with DriveWealth, a Securities and Exchange Commission (SEC) registered broker-dealer and member of Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).

Your Assets Are Protected

In the unlikely event that baraka or DriveWealth were to fail, your assets will remain protected. Your investments are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (which includes $250,000 on cash deposits). Learn more about the SIPC here.
*Please note that SIPC protection does not cover investment performance, or in the event that your investments go down and you get back less than what you put in.

Your Data Is Secure

We take care to keep your personal information safe from the moment you sign up. We protect your account from any unauthorized activity using a Multi-factor authentication process and to ensure the utmost security of your data, both our app and website employ 256-bit SSL encryption. Please refer to our Privacy Policy for more information.

Question 2

What is baraka?

Accepted Answer

baraka is an investment platform that enables GCC investors to make informed and strategic long-term investment decisions. From our comprehensive suite of products and cutting-edge automation tools to the expert insights and resources we provide, we are committed to supporting you in building and managing your wealth in a way that aligns with your financial goals and values.

Question 3

Where does baraka operate?

Accepted Answer

baraka is based in the United Arab Emirates, but we are creating opportunities and accessibility to the financial markets for everyone. While our app is primarily available for users in the GCC region, our educational content is open to anyone, anywhere.

Question 4

What are the Account Plans on baraka?

Accepted Answer

There are currently two tiers of accounts on baraka.

The Standard Plan is a free general investment account that provides access to 6,000+ US stocks and ETFs. It also includes all the essential tools you need to invest.
The Premium Plan provides up-to-the-minute analysis, insights, 3 free trades per month, 2 free withdrawals (annual subscription), reduced Extended Trading Fees, and customisable dividend reinvestment.

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