Question 1

What is baraka?

Accepted Answer

baraka is a commission-free investment platform built to empower the next generation of Middle East investors. By allowing users to easily invest in thousands of stocks and ETFs, the securities we offer access to are backed by listed equities that are available for a minimum investment of $1.

Question 2

Where does baraka operate?

Accepted Answer

baraka’s headquarters are in the Dubai International Financial Center in in the United Arab Emirates, but we are accessible to everyone based in the broader MENA region.

Question 3

Is the baraka app free to use?

Accepted Answer

Yes, the baraka app is free to use. With baraka, you can expect complete transparency and no hidden fees or charges. You have access to 5,000+ US stocks, and exchange traded funds (ETFs) all commission-free, meaning zero fees when you buy or sell on our platform. We do offer a premium paid subscription that provides additional stock analysis from our world-class equity research partner, Refinitiv. Please refer to the ‘What fees will I be charged if I deposit’ for more information on fees that will be charged by third parties (e.g., your bank).

Question 4

How does baraka make money?

Accepted Answer

We currently operate on a freemium business model which provides you access to:

A general investment account with free unlimited trading and access to all US stocks & ETFs on our platform;
A learn academy for you to build and improve your financial literacy; and
Portfolio insights to inform you about how your investments are performing in the market, and more.

This will all remain free forever.
We also provide a premium subscription, which gives you access to up-to-date market analysis, stock reports and instant updates, for AED 37.99 monthly or 369.99 yearly.

Question 5

What are the account tiers on baraka?

Accepted Answer

There are 2 tiers of accounts on baraka.

The standard tier: a free general investment account providing you with all the tools you need to invest commission-free. 
The premium tier: along with the free general investment account, unlock access to up-to-the-minute analysis, insights, stock alerts and much more, powered by data from Refinitiv.

Question 6

What are the account types on baraka?

Accepted Answer

We currently offer our users Limited Purpose Margin Accounts (LPMA). LPMA allows you to submit buy trades prior to funding your Account at DriveWealth. By establishing an LPMA, you have the flexibility to submit a buy trade today and remit payment for such trade on settlement date (the “Payment Feature”). You can read more here.

Question 7

Is baraka safe? Is my money insured?

Accepted Answer

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 investments are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (or $250,000 on cash deposits).

About baraka

Account Funding and Withdrawals

Account Management

Getting Started

Investing

About baraka