Company Profile
Company Profile
Review summary
| ADIB Securities Review Summary | |
| Founded | 2005 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | Sharia Compliant Shares |
| Demo Account | N/A |
| Trading Platforms | E-Trade Portal, E-Trade Plus, E-Volution Platform |
| Minimum Deposit | N/A |
| Customer Support | (Sunday-Thursday, from 08:00 a.m till 04:00 p.m)Phone, fax and online messaging |
What is ADIB Securities？
ADIB Securities is a subsidiary of ADIB (Abu Dhabi Islamic Bank) and is a brokerage firm based in Abu Dhabi, UAE. Established in 2005, ADIB Securities specializes in providing Sharia-compliant brokerage services. They offer a range of intuitive trading tools, expert insights, and dedicated services to cater to the needs of active traders.
They offer user-friendly trading platforms that allow investors to plan, implement, and track their investments efficiently. ADIB Securities operates in compliance with Sharia principles, ensuring that their services align with Islamic ethical practices. However, ADIB Securities does not have a valid regulatory license.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
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Pros:
- Specialization in trade of Shari‘a Compliant Shares: ADIB Securities offers a unique and specific focus on Shari’a compliant shares, which appeals to investors who are looking for such investment opportunities.
- Multiple trading platforms and mobile apps: With a variety of platforms and mobile apps available, investors can choose one that suits their preferences and needs.
Cons:
- Not regulated: ADIB Securities operates without valid regulation, and this poses risks to investors since there is no government oversight to ensure the safety of their investments.
- Limited product offerings: Compared to other investment companies, only trade of Sharia Compliant Shares supported, ADIB Securities offers a limited range of products and investment options.
- Unclear Trading Conditions: There is little information available about the trading conditions of ADIB Securities, such as minimum deposits or demo accounts, which can make it difficult for investors to make informed decisions.
- No social media presence: ADIB Securities does not have a social media presence, which can make it difficult for investors to access up-to-date information or engage with the company and other investors.
Is ADIB Securities Safe or Scam？
Investing with ADIB Securities carries a higher level of risk due to their lack of valid regulation. It is crucial to conduct thorough research and carefully consider the potential risks and rewards before deciding to invest with them. Since there is no regulatory oversight, the individuals operating the platform could potentially abscond with investors' funds without any legal consequences. They also have the ability to disappear abruptly without giving any prior notice. Therefore, it is advisable to prioritize investing with brokers that are well-regulated to ensure the safety and security of your funds.
Market Instruments
ADIB Securities is a brokerage firm that offers trading services for Shari'a-compliant shares in the Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM), and Nasdaq Dubai. Shari'a-compliant shares adhere to Islamic principles and follow specific guidelines regarding the types of businesses they can invest in and the way profits are generated. ADIB Securities allows traders to participate in these markets while ensuring compliance with Shari'a principles.
Trading Platforms
ADIB Securities offers three different trading platforms to suit the needs of different types of traders.
E-Trade Portal:
The first is the e-trade portal, a web-based platform that provides a simple and basic tool for placing orders, tracking account history, and obtaining live quotes. This platform is particularly suitable for beginners and offers an easy-to-use interface. ADIB Securities also offers training for users who are new to trading.
E-Trade Plus:
The second platform is e-trade plus. This web-based platform includes all the features of the e-trade portal but offers additional capabilities. With e-trade plus, traders have access to customized watchlists to monitor stocks of interest, live streaming stock prices, market news, and charting capabilities.
E-Volution Platform:
For professional traders, ADIB Securities offers the e-volution platform. Designed for experienced traders, this platform provides advanced tools and real-time market monitoring from anywhere. In addition to the features of e-trade plus, e-volution allows traders to access multiple portfolios simultaneously, view historical market data for conducting research, use charting features for a wider perspective on the market, choose from automated trading strategies, create custom watchlists based on user-defined conditions, manage multiple orders from a single trading window, and view live-streaming share prices with no time lag.
Fees & Commissions
ADIB Securities charges fees and commissions according to different services and items. For example,
| KSA | USA | |
| Total Fees | 0.275% (minimum broker commission of 75 SAR) | $0.03/share (minimum per trade commission of $50.00) |
| Order Fees | AED 10 (fixed) | N/A |
Traders can visit the website or directly click: https://www.adibsecurities.ae/en/Pages/pricing_services.aspx to learn about the specific fees and commissions charged by ADIB Securities.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Sunday-Thursday, from 08:00 a.m till 04:00 p.m
Telephone: +9712-6960333
Fax: +9712-6960444
ADIB Securities has integrated online messaging into their trading platform, which enables traders to conveniently communicate with customer support or other traders directly. This feature allows traders to seek real-time assistance or engage in discussions with fellow traders, making it a useful tool for those who prefer to receive instant support or engage in active trading discussions.
Conclusion
In summary, ADIB Securities provides Sharia-compliant brokerage services in the UAE and offers a range of user-friendly trading platforms with expert insights and personalized services. However, as the company does not have a valid regulatory license, investors and traders should weigh the risks before investing in their services.
Frequently Asked Questions (FAQs)
| Q 1: | Is ADIB Securities regulated？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at ADIB Securities？ |
| A 2: | You can contact via telephone: +9712-6960333, online messaging and fax: +9712-6960444. |
| Q 3: | What platform does ADIB Securities offer？ |
| A 3: | It offers E-Trade Portal, E-Trade Plus, and E-Volution Platform. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
