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Pricing

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  1. Does not apply to purchases of the following instruments if valued less than $5 at the time of order execution: Stocks, American Depositary Receipts (ADRs) or Over the Counter (OTC) securities $1 per trade fee applies once all free trades are used.
  2. 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.
  3. For stocks valued at less than $5 at the time of order execution, the fee is $1 per trade, plus a trading fee per share of $0.035 for Standard and $0.03 for Premium Subscribers (“Per Share Fee”). For ADRs and OTC securities valued at $5 or more at the time of order execution the fee is $2 per trade, however if valued less than $5 at the time of order execution, the charge will be $2 per trade plus the relevant Per Share Fee.
  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. Third-Party Fees may be shown as “Transaction Fee” when you are making a card deposit. If one applies, the Transaction Fee will be shown on the Baraka Platform and is applicable solely to non-UAE cards and Local Wallets. Baraka may receive a percentage of the Third-Party Fee.
  6. Withdrawal fees are charged by our broker, Drivewealth.
  7. Supported Local Wallets include Careem Pay, Benefit, Knet and OmanNet.

* 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 Oct, 2023