Dubai Financial Market (DFM) today announced that Al Ramz Securities and Direct Broker for Financial Services (DBFS) have been accredited to carry out Margin Trading, raising the total number of DFM brokerage firms providing this service to 4. The Arab German International Broker (AGIB) and EFG-Hermes Brokerage have accomplished this step earlier. The exchange is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).
Margin Trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the SCA’s license.
