Arab Today, arab today al ramz obtains margin trading permit by sca
Last Updated : GMT 18:13:02
Arab Today, arab today
Arab Today, arab today

Al Ramz obtains Margin Trading Permit by SCA

Arab Today, arab today

Arab Today, arab today Al Ramz obtains Margin Trading Permit by SCA

Dubai - Arabstoday

Al Ramz Securities, one of the UAE’s brokerage houses, has been granted a Margin Trading permit by the UAE’s Securities and Commodities Authority (SCA). SCA has developed an effective, well-defined margin trading mechanism stipulating the legal rights and responsibilities of brokers and clients. Under the terms of the broker-client agreement, clients have the right to request funding by buying stocks under a Margin Account, without having to pay the underlying dues. In case of a decrease in the stock value to the minimum rate, Al Ramz Securities is entitled to sell all or part of the stocks within the Margin Account. From gulftoday

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