FAQ
What is Naeem online trading?
Who is eligible to trade in local shares of Dubai financial market and Abu Dhabi Securities Market through Naeem Shares & Bonds services?
What are procedures of applying for Naeem online Trading account?
What is the procedure of opening an account?
What are the requirements to open an account?
the minimum investment to open the account?
Is there a minimum amount to invest?
Is there a maintaining balance
How much is the commission if I buy? If I sell?
What commission rate does the company apply to trading via Naeem online?
Can I redeem my money immediately should I decide to pull it out?
Do you provide investment advise as to what stocks to buy and sell and at what price?
Does the company charge a subscription fee against service provision?
How secure is Naeem Online site for trading purposes?
What company shares are tradable via company name?
What are the Country name local shares trading times?
When the market is open, which orders are executed first?
Can I fix the execution quantity?
What is a bid?
What happens to the order if my available balance does not cover the bid quantity price?
What is an offer?
What is a 'Market Order'?
How can I amend an order?
How can I cancel an order?
Are there any restrictions in case of order characteristics alteration?
What is the order validity period?
What execution options are offered?
What happens if I do not fix the order validity?
What is Naeem online trading?

Naeem online is an electronic trading service offered by Naeem Shares & Bonds over the Internet to our valued customers in order to enable them to execute local shares trading transactions that listed on Dubai financial market and Abu Dhabi Securities market, monitor their investment portfolios and view market news and developments.

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Who is eligible to trade in local shares of Dubai financial market and Abu Dhabi Securities Market through Naeem Shares & Bonds services?

Naeem Shares & Bonds valued customers that registered on Naeem online trading service.
It goes without any conditions on the availability of nationality or residency requirement.

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What are procedures of applying for Naeem online Trading account?

- Open an E-trade account with Naeem Shares and Bonds by filling and signing and E-trade application form.
- You will receive an e-mail with your password and user name less than 24 hours and star trading.

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What is the procedure of opening an account?

- In case there is no current investor number, you need to fulfill an investor number application to be submitted by us to Dubai (DFM) and Abu Dhabi (ADX) stock markets.
        (Download DFM Investor Number Application Form).
        (Download ADX Investor Number Application Form ).
- Fill and sign an account opening agreement form with us
        (Download form)
All documents should be signed and sent to us at any branch. If the client is outside UAE, documents can be submitted via AIRMAIL after getting the client’s signature authenticated by the bank the client is dealing with.

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What are the requirements to open an account?

For UAE Nationals:
   A) Individuals:
        1. Copy of the National Identity and Passport.
        2. If the investor has a legal representative a copy of the power of attorney must be included.
        3. If the investor is a privately owned institution, a copy of the Trade License and Registration Certificate must be included.
        4. If the investor is a minor (under the age of 21), a copy of custody documents authenticated must be included.
        5. For joint account holders, all the above documents are required for each person named in the account.
   B) Companies:
        1. Copy of the Company’s Trade License, Commercial Register, and Articles of incorporation and a certificate from the chamber of commerce.
        2. Power of attorney from the company or institution to the person entitled to deal in the company’s account and a list of the board members, the authorized
            signatories and a verification of their signatures. All documents must be stamped with the company’s stamp.

For non-UAE Nationals:
   A) Individuals:
        1. Copy of any two of the following: Passport, Labor card (for UAE residents), Birth certificate or Government issued ID (such as Driving License or Social Security
            Card).
        2. If the investor has a legal representative, a copy of the power of attorney must be included.
        3. If the investor is a privately own institution, a copy of the Trade License and Registration Certificate must be included.
        4. If the investor is a minor (under the age of 21), a copy of custody documents must be included.
        5. For joint account holders, all the above documents are required for each person named in the account.
   B) Companies:
        1. The Trade License and Registration Certificate.
        2. List of Board of Directors and partners.
        3. List of authorized signatories in the company and a copy of the power of attorney of the company’s manager/representative stamped by the company’s seal and
            authenticated by UAE embassy and country’s Ministry of Foreign Affairs for non-UAE licensed companies.

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How much is the minimum investment to open the account?

No minimum amount is required for opening an account with us.

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Is there a minimum amount to invest?

No minimum amount is required to invest. It is usually depends on the value of stocks the investor will buy.

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Is there a maintaining balance<

No maintenance balance is required.

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How much is the commission if I buy? If I sell?

Commission on buy and sell is as follows:
         1- Financial market: 10 Dirhams per executed order
         2- Total commission: 0.275% (Two Hundred & Seventy Five per Hundred Thousand).
Note: Scheme of commission is explained in details in the agreement contract.
If your Trades with us reached a certain limit, we can discuss offering discount

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What commission rate does the company apply to trading via Naeem online?

Same commission rate applied on normal trading is applied on Naeem online trading.

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Can I redeem my money immediately should I decide to pull it out?

You can withdraw any amount in your account immediately after two working days of selling the stocks.

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Do you provide investment advise as to what stocks to buy and sell and at what price?

We are a non discretionary brokers, we are not allowed by law to give any advises regarding buying or selling stocks. We can however provide information about the market daily executions, Markets’ and Companies’ news, Historical trends, news about cash dividends and profits, but at the end to is up to the client to take the final decision.

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Does the company charge a subscription fee against service provision?

No, The company did not charge a subscription fee against service provision.

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How secure is Naeem Online site for trading purposes?

The site is equipped with state of the art encryption technologies to prevent third party access to your account details through the Internet. When you logon to the Service, the password will be automatically encrypted and nobody will be able to read it. This is in addition to encryption of buy/sell transactions that has been executed fron your profile and added to that service specific protection software and constant monitoring by our qualified staff.

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What company shares are tradable via company name?

Shares followed to Emirates Securities Market , companies listed on Abu Dhabi Securities Market and Dubai financial Market are tradable through Naeem online service.

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What are the Country name local shares trading times?

The trading times are shown in the following table:

Day Market Trading Session
Sunday - Thursday From 9:30 AM  until 2:00 PM
Saturday Market Closed

The Market is also closed on national holidays.

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When the market is open, which orders are executed first?

Orders are executed subject to the order priority in queue.
The DFM and ADX markets open at 10:00 AM and close at 2:00 PM same day.

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Can I fix the execution quantity?

Yes, you can fix the quantity to be executed using a special execution order. The Service supports fixation of special execution in the following manner:

  • Full execution: the order quantity must be fully executed without splitting.
  • 1st time minimum execution amount: this order enables the user to fix the order minimum quantity to be executed in the first deal. For the remaining quantity, the order becomes a just another normal order.
  • Minimum execution amount: the order is executed in equal deals until the entire order quantity is executed.
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What is a bid?

It is an order to buy a specific number of shares of a given company traded on the market.

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What happens to the order if my available balance does not cover the bid quantity price?

Prior to acceptance of an entered order, the System will match the order price to the designated current account balance. This measure aims to ensure that the order is fully executable without overdrawing the account. If the balance is insufficient, the System will return a message indicating that the available balance is inadequate to execute the order.

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What is an offer?

It is an order to sell a specific number of shares of a given company traded on the market.

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What is a 'Market Order'?

It is an un-priced order to trade a particular share instantly at best current market price.

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How can I amend an order?

Click on the "Action" Icon to view and amend order details, then enter your "Password" To authorize the amendment.

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How can I cancel an order?

Click on the (X) mark beside the order number to view the 'cancellation confirmation screen'.

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Are there any restrictions in case of order characteristics alteration?

You cannot amend the company symbol, market or order type (bid/offer). For these cases, you need to cancel the order, enter details again and send it to the market.

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What is the order validity period?

The customer can select either of the following validity options:

-          One trading day: the order is valid for one day only.

-          Execute or cancel: the order will either be executed on the spot or cancelled.

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What execution options are offered?

There are several options:

  • Market order on arrival: the order is executed on the market offer price. In this case, the customer's account balance must be sufficient to cover the maximum share price appreciation rate i.e. A %. This is applicable to a bid only.
  • Full execution: the order quantity must be executed in full.
  • Minimum execution amount: the minimum quantity of an order must be executed.
  • Minimum execution amount per deal: the minimum deal amount of an entered order quantity must be executed.
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What happens if I do not fix the order validity?
If no order validity is fixed, the System will automatically enter it as a "One Trading Day" order.
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