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Choose Your Plan

Maximize your wealth with baraka Premium

Plan Benefits

Standard

Free

Premium

$95.99 Per Year
$9.99 Per Month *
SIPC Investment Assurance
SIPC Investment Assurance
Refinitiv Stock Reports Plus
Refinitiv Stock Reports Plus
Auto-Invest
Auto-Invest
Auto-Deposit
Auto-Deposit
Dividend Reinvestment Plan (DRIP)
Dividend Reinvestment Plan (DRIP)
Non-Customisable
Sharia Score Screener
Sharia Score Screener
Price Alerts
Price Alerts
3
Investor Calendar
Investor Calendar
1 Month
Stock Price Targets
Stock Price Targets
Stock Analyst Ratings
Stock Analyst Ratings
Stock Sentiment Analysis
Stock Sentiment Analysis

Trading Fees

Free Trade(s) Per Month [1]
1
Regular Hours Trading Fee [2]
$1 Per Trade
Extended Hours Trading Fee [3]
$2 Per Trade
Spread Per Trade
Zero
Custody Fees
Zero
Account Management Fees [4]
Zero
Overnight fees
Zero

Third Party Fees

Free Withdrawals/Year
Zero
Third Party Debit Card Fee
UAE Visa 0.7%
Other UAE Debit 2.45%
Non UAE Debit card 3.55%
baraka Debit Card Rebate
Maximum rebate of $25
for deposit over $50 / month
Third Party Withdrawal [5]
$25
Third Party Wire Transfer Fee
Bank fees apply
Stock Transfer In
Please check with your broker
Stock Transfer Out
US Tax Form

*The new fees take effect on 24 May 2023 for users who joined before 25 April 2023 and apply to all Baraka Financial Limited services. These fees may be introduced earlier for new users. Extended Hours Trading fees are effective from 12 May 2023

  1. Does not apply to purchases of the following instruments if valued less than $5 at the time of order placement: Stocks, American Depositary Receipts (ADRs) or Over the Counter (OTC) securities.
  2. For stocks valued at less than $5 at the time of order placement, the fee is $1 per trade, plus a trading fee per share of $0.0035 for Standard and $0.003 for Premium Subscribers (“Per Share Fee”). For ADRs and OTC securities valued at $5 or more at the time of order placement the fee is $2 per trade, however if valued less than $5 at the time of order placement, the charge will be $2 per trade plus the relevant Per Share Fee.
  3. Extended Hours Trading gives an additional 5.5 hours to trade during the pre-market (1:00pm – 6:30pm GST) and 4 hours during the after-market session (1:00am – 5:00am GST). Refer to footnote 2 for applicable ADR and OTC fees which apply during extended trading hours.
  4. There are no account management fees. However, beginning September 1st, 2023, an inactivity fee of $1 per month will be imposed on accounts with less than $50 in total cash and no open positions held by the end of each month.
  5. Withdrawal fees are charged by our broker, Drivewealth

* Kindly be advised that while the pricing for our service displayed on our website is presented in USD ($), we would like to inform you that the currency in which you will be charged depends on the currency associated with your account. This ensures that you are charged at the most competitive exchange rates, thereby allowing you to benefit from the best possible value.

Last updated at 24 Apr, 2023