Frequently Asked Questions
Opening an account
What documents do I need to open an account?
It depends on your classification:
- Egyptian: National ID Number and Unified Code (if one exists(
- Foreigner: Valid Passport Number and Unified Code (if one exists(
- Minor: Digital Birth Certificate, National ID Number of natural guardian and Unified Code (if one exists)
- Company: Valid Commercial Registration, Taxation Card and National ID Number of delegated persons (valid) and Unified Code (if one exists)
How can I open an account if I live outside Cairo?
- Visit our website at www.aolbeg.com and choose “Open an Account” icon
- Fill in an Account Opening Form under the Open an Account link on our Home page and one of our customer service officers will call you.
- We will send you the contract by courier.
- Fill in the details, sign the documents at the bottom of each page and ask your Bank to verify your signature.
- Send the (verified) signed contract, plus a copy of your identification documents (National ID if Egyptian or Passport if Foreigner), to 15, Fawzi El Motaie Pasha st., Off Orouba st., Heliopolis, Cairo, Egypt.
How much money do I need to open an account?
The minimum amount required is EGP 5,000 in the form of cash, stocks or both.
What are the fees for opening a new account?
There are no fees for opening an account.
Which Custodian Banks does Arabeya Online deal with?
- Arabeya Online opens a custodian account for its clients at Audi Bank in case of not having a custodian or if the client wants to change his custodian Bank.
- Arabeya Online also accepts dealing with the following 12 custodians: Arab African International Bank, Arab Bank, Ahli United Bank, Blom Bank, Delta Rasmala Holdings, Faisal Islamic Bank, Piraeus Bank, Al Watany Bank, Misr Iran Development Bank, Crédit Agricole Egypt (Cairo and Alexandria branches), CIB, and Bank Audi.
Online Trading
Do I have to install a special program on my computer to be able to trade online?
- No, our main online trading platform is browser-based (through our website www.aolbeg.com), using your own user name and password.
- We recommend subscription to a desktop application empowered by MIST (Misr Information Services & Trading) which provides clients with real-time quotes and the ability to trade.
If I sell a stock, can I use the sales proceeds to buy on the same day?
- Yes, After selling a stock, the amount receivable is credited immediately to your account cash balance, which you can use to buy more stocks, but you cannot withdraw the proceeds from your account before the Sell Contract is settled.
Is Same Day Trading (T+0) available at Arabeya Online?
Yes, T+0 is available at Arabeya Online, subject to the limitations of allowable stocks and quantities, except for minors and that’s according to Market Capital Authority regulations.
Is there any difference between the fees for (T+0) trading and (T+2) normal trading?
Yes, The brokerage fees for (T+0) trading are half those for the normal trading
What if I did not sell my T+0 stocks in the same session?
In such cases, the stocks will be settled after 2 days.
Is there a GDR (Global Depositary Receipt) desk at Arabeya Online?
There are no GDR facilities at Arabeya Online.
What kind of security is used to protect the website?
Arabeya Online uses Firewalls and an SSL Certificate (secure sockets layer) to protect our website.
Can I place an order verbally over the phone?
Yes. Please call your account officer who will record the conversation and place the order for you.
What if I have a complaint, suggestion or question?
You may log into our website, write your complaint or suggestion, and we will respond within 48 hours. Arabeya Online management tracks all complaints and suggestions so as to guarantee speedy and satisfactory answers.
Order Management
What type of orders can be placed through Arabeya Online?
- Normal Orders: there are 3 types of normal orders: BUY, SELL and SELL T+0.
- Smart Orders: there are 2 types of smart orders: ORDER CANCELS ORDER and IF DONE ORDER.
- Stop Loss Orders: there are 2 types of stop loss orders: SELL STOP LOSS and BUY STOP LIMIT.
What type of prices can orders be placed at?
There are two types of prices:
- Market Price, which guarantees execution at the prevailing price in the market when the order reaches the EGX (The Egyptian Exchange).
- Specific Price, which the client determines.
Are there any time limits on orders?
There are 3 variations of time validity:
- DAY ORDER (DO)
- GOOD TILL DATE (for a number of days)
- GOOD TILL CANCELLED (GTC)
What steps do I need to follow when using the T+0 feature?
- The stock must be one of the allowed stocks for same day trading.
- When buying, you choose BUY.
- When selling, you choose SELL SAME DAY.
- The number of stocks sold cannot exceed the allowable quantity.
How can I make sure that my order is correct?
Two different messages will appear while placing the order:
- First – Are you sure you want to place the order?
- Second –Order Number (xxxx), Buy or Sell (xxxx), Number of Stocks (xxxx), Stock Name (xxxx) and Expiry Date (xxxx).
May I change or cancel a pending order?
Yes. As long as the order is pending it can be changed or cancelled, but you can only change the price and quantity, not the expiry date (time validity).
Does changing an order affect its sequence in the queue?
Yes. If an order is changed it takes a new sequence.
Can I see all the orders placed on my account?
Yes. You can do this via the “All Orders” screen, which shows all the activity on your account, such as pending orders, executed orders, partially executed orders, expired orders and cancelled orders.
Can I see all my executed orders?
Yes, Via the Executed Orders screen.
Does Buying or Selling immediately affect my cash?
Yes, The cost or proceeds of trading are instantly reflected in the cash balance of your account.
How long does it take an order to reach the stock market?
It takes less than 5 seconds with a proper ADSL connection.
Can I buy stocks in US Dollars without having any in my account?
No, you can only buy with the same currency you have in your account.
Will I be able to invest in IPOs (Initial Public Offerings)?
- Yes. Arabeya Online provides this service to its clients for a commission of 0.5% with a minimum commission of EGP 20 and a maximum of EGP 500.
- When the company has access to an IPO, it will send an email to clients containing all the relevant information, such as due date, entitlement, last date for accepting requests to the company , IPO percentage, last date for accepting requests at the Bank, payment deadline and (indicative) stock price.
- If you want to subscribe to the offer, you have to fill in the form available on our website or contact your account officer by email or telephone (16225), specifying the number of shares you would like. Taking into consideration that the money should be available in your account in the required date.
Conditional Orders
Order cancels order (OCO)
- An OCO is an order, which upon execution cancels another pending order. This option gives you the ability to use the available purchasing power in your account to place two buying orders at the same time, or sell one of two different stocks. The original order must be placed normally by selecting (Add New Order). To add an OCO order, you then go to the (Change/Cancel Order) screen and choose OCO at the bottom of the page.
- The second order should be the same type as the original one, which means that if the original order is Sell then the second order should be Sell, and if the original order is Buy then the second should also be Buy.
- The 2 orders should be placed on 2 different stocks.
- The order validity can be a Day Order (DO) or Good Till Cancelled (GTC)
- The order can be placed on any stock.
- Orders can be placed before, during or after the trading session.
- To place an OCO order, the price should be 2% above or below the market price (according to the order type).
- The 2 orders will be sent to the stock market and when one of them is fully or partially executed, the other will be cancelled.
If Done Order
- When an order is sent to the market if the original order is executed.
- The 2 orders have to be different types, meaning that if the original order is a Sell order then the second order has to be a Buy order and if the original order is a Buy order then the second order has be a Sell order.
- If the original order is executed and was connected to another order, then the connected order will be sent to the stock market. When using If Done Order, the original order should be placed normally by selecting (Add New Order). To add an If Done Order, you then go to the (Change/Cancel Order) screen and choose If Done Order at the bottom of the page.
- One or two orders can be connected to the original order. If two are connected then one will be a Take Profit Order and the other a Stop Loss Order, with the Take Profit Order sent to the stock market first.
Stop Loss order
There are two kinds of Stop Loss orders:
- Sell Stop Loss. Selling at a lower price than the current market price.
- Buy Stop Limit. Buying at a higher price than the current market price. Order validity can be a Day Order (DO) or a Good Till Cancelled (GTC) order. Orders can be placed on any trading stock.
Cash Management
Can I deposit or withdraw cash at Arabeya Online’s office or agent offices?
- No. Arabeya Online does not allow direct cash deposits or withdrawals from its Head Office or agent offices.
- You can deposit cash in your sub-account at the Arab African International Bank or Bank Audi (opened by us) or in Arabeya Online accounts at CIB, Banque Misr or National Bank of Egypt, if there are no Arab African International Bank branches near you. To do this you must notify us by filling in the form available on our website or by contacting your account officer by email or telephone; Our hotline:16225.
- To withdraw money, either by a Bank check or transfer, you must fill in the form on our website or contact your account officer by email or telephone (16225). We can either issue a Bank check or transfer the money to your personal account at any bank. Clients do not pay any transfer fees, in case of transferring to Arab African International Bank, Audi and Ahli United Bank; In case of transferring to CIB, EGP10 will be deducted.
Can I check my cash balance on the website?
Yes. You can do this by clicking on to Position Summary, where you will find your Net Cash Balance, Cash Available for Withdrawal, Cash Available for Buying, Frozen Cash and Total Portfolio Value (Cash + Stocks).
Can I check my stock portfolio on the website?
Yes, You can check your stock portfolio status through Detailed Position, where you will find Stock Name, Total Quantity, under settlement quantity, held quantity, Quantity Available for Selling T+2, Quantity Available for Selling T+0, currency , average cost ,and other information such as Market Value, market price ,unrealized Gain/loss.
Real - Time Quotes
Can I follow the market prices in Arabeya Online’s basic platform (www.aolbeg.com)
Yes, now you can follow the market prices through the Market Watch on our Web page.
How can I check the real-time prices of stocks?
- We offer our clients AOLB Market Watch with a cost of EGP 25 monthly
- We offer our clients MIST costing EGP 150 monthly.
- Clients may also subscribe to Mubasher.
- The fees are debited from your account monthly.
Margin Trading
What is a margin loan?
A margin loan is effectively a personal loan, attracting interest, which gives you more leverage to buy additional securities. The money is added to your account and is guaranteed (100%) by the value of margin trading stocks in your portfolio (Stocks against which we can offer a loan are specified by EFSA and EGX). The percentages offered are according to the number of stocks in the client's portfolio as below:
- We offer the client 50% in case he owns only 1 stock.
- We offer the client 80% in case he owns 2 stocks; given that each stock represents not less than 10% of the portfolio value.
- We offer the client 90% in case he owns 3 stocks or more; given that each stock represents not less than 10% of the portfolio value.
- Maximum Loan to be offered is EGP1.5M; can be increased by signing a certain letter to be sent to Bank Audi.
How do I start margin trading?
You begin by signing the following documents:
Bank Audi's Contract as custodian.
Margin Trading Contract.
Query Delegation.
Financing Loan Request for Margin Trading.
What else do I need?
Arabeya Online requires a sub-account for margin trading, which can be activated by:
Depositing cash in your sub account,
or
Transferring same day stocks from your normal account to your margin account.
Can I buy OTC (Over-The-Counter) stocks through my margin trading account?
No, Clients can only buy Same Day Trading (T+0) and Margin Trading stocks.
How do you calculate the interest on my margin loan?
There are two methods:
- First Method: an annual interest rate of 4% above the official lending and discount rate announced by the Central Bank of Egypt. Interest is calculated daily and charged monthly on the used portion of the loan.
- Second Method: A rate of 1.65% of the highest amount of loan used and calculated at the end of each month. Note: If you do not use your margin lending facility, Arabeya online will not deduct any interest. The same applies if a client uses the facility for same day trading. i.e. interest will not be deducted.
Can Arabeya Online force clients to settle their margin trading accounts?
- Bank Audi sends a Margin Call E-mail , if the debt percentage exceeded 60% and if the debt percentage closes at 65% during any session, Bank Audi will sell some stocks during the next session aiming to decrease the debt percentage to less than 60%.
Can I sell my owned stocks at the beginning of the loan for margin trading or will the stocks be encumbered?
You can sell the stocks at any time, as they will not be encumbered.
Can I withdraw from, or stop margin trading?
Yes. You can close your margin trading account whenever you like on the condition that any debts are settled beforehand.
When are interest and fees deducted?
At the end of each month.
-
Resource id #975
- Aspire Capital Holding For Financial Investments0.32700.3140 |
- Orascom Investment Holding1.121.12 |
- Orascom Financial Holding0.740.7330 |
- Copper For Commercial Investment & Real Estate Development0.90400.8810 |
- Mansourah Poultry1.781.61 |
- Premium HealthCare Group0.190.1850 |
- Cairo Oils & Soap0.36500.3660 |
- Beltone Holding3.303.26 |
- Giza General Contracting0.55900.5410 |
- QALA For Financial Investments3.163.07 |
- Arab Developers Holding0.19400.1930 |
- Zahraa Maadi Investment & Development4.274.28 |
- The Arab Ceramic CO.- Ceramica Remas1.601.55 |
- Integrated Engineering Group S.A.E0.37800.3650 |
- The Egyptian Modern Education Systems0.46300.4620 |
- Al Khair River For Development Agricultural Investment&Envir0.54100.5320 |
- ODIN Investments1.641.59 |
- Gogreen for Agricultural Investment1.051.01 |
- Egyptians Housing Development & Reconstruction0.37900.3720 |
- Elsaeed Contracting& Real Estate Investment Company SCCD1.081.07 |
- Universal For Paper and Packaging Materials (Unipack0.89500.8980 |
- Egyptians For Investment & Urban Development0.25500.2530 |
- Dice Sport & Casual Wear2.982.97 |
- Alexandria Mineral Oils Company7.437.31 |
- Industrial & Engineering Projects0.32700.3240 |
- Creast Mark For Contracting And Real Estate Development0.64300.6370 |
- Speed Medical0.33900.3370 |
- Arab Development & Real Estate Investment1.401.28 |
- Nasr Company for Civil Works6.896.40 |
- Palm Hills Development Company8.248.15 |
- Misr National Steel - Ataqa10.7710.86 |
- Sabaa International Company for Pharmaceutical and Chemical3.063 |
- South Valley Cement7.327.32 |
- Al Tawfeek Leasing Company-A.T.LEASE3.713.54 |
- Digitize for Investment And Technology6.826.80 |
- Macro Group Pharmaceuticals -Macro Capital2.112.09 |
- Act Financial3.133.11 |
- El Arabia Engineering Industries1.881.83 |
- Atlas For Investment and Food Industries2.262.27 |
- Egyptian Chemical Industries (Kima)10.3010.20 |
- Cairo Poultry1918.48 |
- Tenth Of Ramadan Pharmaceutical Industries&Diagnostic-Rameda4.554.53 |
- Amer Group Holding1.281.26 |
- Iron And Steel for Mines and Quarries5.215.26 |
- Egyptian Real Estate Group0.96500.9560 |
- El Kahera Housing2.122.08 |
- Bonyan for Development and Trade4.414.47 |
- Lotus For Agricultural Investments And Development0.56300.5510 |
- Barbary Investment Group ( BIG)0.16500.16 |
- Raya Holding For Financial Investments3.153.15 |
- Egypt for Poultry6.996.67 |
- Extracted Oils4.154.13 |
- Heliopolis Housing9.859.77 |
- Pioneers Properties For Urban Development - PRE Group3.413.36 |
- Fawry For Banking Technology And Electronic Payment12.9712.84 |
- Ismailia Misr Poultry10.6010.30 |
- Orascom Development Egypt22.2722.13 |
- E-finance For Digital and Financial Investments12.5212.35 |
- Edita Food Industries S.A.E17.5017.24 |
- Egyptian Transport (EGYTRANS)6.906.80 |
- U Consumer Finance88 |
- Arab Real Estate Investment CO.-ALICO2.312.30 |
- Commercial International Bank-Egypt (CIB)94.6093.50 |
- Arab Moltaka Investments Co2.912.87 |
- Medical Packaging Company1.221.21 |
- Tanmiya for Real Estate Investment3.423.39 |
- Madinet Masr For Housing and Development4.584.53 |
- Osool ESB Securities Brokerage1.171.12 |
- T M G Holding54.7153.68 |
- Vertika for Industry & Trade2.612.61 |
- International company For Medical Industries -ICMI4.053.88 |
- Emaar Misr for Development8.538.50 |
- El Wadi For International and Investement Development1.281.27 |
- Mena Touristic & Real Estate Investment54.97 |
- Arab Valves Company4.023.97 |
- Egyptian Media Production City34.3434.16 |
- Fitness Prime1.491.50 |
- Egyptian Gulf Marseilia For Real Estate Investment3.413.26 |
- International Agricultural Products19.0218.96 |
- Arab Co. for Asset Management And Development0.94500.9410 |
- El Obour Real Estate Investment10.8010.66 |
- El Shams Housing & Urbanization7.167.12 |
- Egyptian for Tourism Resorts8.098.07 |
- Ibnsina Pharma109.95 |
- Gulf Canadian Real Estate Investment Co.3.853.97 |
- Raya Customer Experience7.347.20 |
- Electro Cable Egypt2.792.78 |
- Juhayna Food Industries29.3429.20 |
- EFG Holding23.6023.50 |
- United Housing & Development8.858.57 |
- International Business Corporation For Trading and Agencies8.968.15 |
- MM Group For Industry And International Trade8.458.40 |
- Oriental Weavers22.3622.26 |
- CI Capital Holding For Financial Investments6.856.73 |
- Al Moasher for Programming and Information Dissemination3.153.17 |
- Egyptian Kuwaiti Holding-EGP23.3223.01 |
- The Arab Dairy Products Co. Arab Dairy - Panda2.902.89 |
- Certificates Of Odin Egyptian Equity Investment Fund-KASAB4.604.60 |
- Misr Cement (Qena)84.1883.88 |
- GMC GROUP FOR INDUSTRIAL COMMERCIAL & FINANCIAL INVESTMENTS1.211.21 |
- Obour Land For Food Industries21.1221.19 |
- Memphis Pharmaceuticals97.0393.46 |
- International Company For Fertilizers & Chemicals25.3825.15 |
- Credit Agricole Egypt18.6018.36 |
- Rubex International for Plastic and Acrylic Manufacturing10.5310.43 |
- Naeem Holding0.12800.13 |
- Abou Kir Fertilizers50.3650.51 |
- Arabian Cement Company37.6439 |
- Eastern Company35.6035.04 |
- First Investment Company And Real Estate Development2.562.42 |
- M.B Engineering2.792.77 |
- Rowad Tourism (Al Rowad)26.0425.46 |
- Six of October Development & Investment (SODIC)57.9357.47 |
- Ceramic & Porcelain10.3810.24 |
- Contact Financial Holding5.795.79 |
- Taqa Arabia12.5412.43 |
- Misr Fertilizers Production Company - Mopco27.9828.19 |
- Lecico Egypt25.9925.74 |
- Prime Holding0.97500.9750 |
- Arab Cotton Ginning8.618.52 |
- Sidi Kerir Petrochemicals - SIDPEC19.4519.47 |
- Alexandria New Medical Center3028.99 |
- Sinai Cement42.9842.86 |
- Abu Dhabi Islamic Bank- Egypt23.9523.74 |
- International Co For Investment & Development3.573.50 |
- Ismailia Development and Real Estate Co27.0126.86 |
- Egyptian Arabian(Themar)Comp. For Securities&Bonds Brok. EAC3.553.57 |
- Northern Upper Egypt Development & Agricultural Production2.892.89 |
- Sharkia National Food8.628.62 |
- Cairo Educational Services40.8439 |
- Arab Pharmaceuticals130.02127.31 |
- El Ahram Co. For Printing And Packing9.599.96 |
- Remco for Touristic Villages Construction3.393.39 |
- Alexandria Containers and goods21.3521.20 |
- GB Corp25.2025.23 |
- El-Nile Co. For Pharmaceuticals And Chemical Industries59.9958.82 |
- El Ezz Porcelain (Gemma)31.9932.15 |
- Sharm Dreams Co. for Tourism Investment17.4717.26 |
- El Nasr Clothes & Textiles (Kabo)5.195.15 |
- Gharbia Islamic Housing Development32.8534.05 |
- Engineering Industries (ICON)23.2823.21 |
- ELSWEDY ELECTRIC74.5274.29 |
- Grand Investment Capital14.5014.99 |
- Taaleem Management Services10.5310.50 |
- El Kahera El Watania Investment66.0457.83 |
- Heibco for commercial investments & real estate development4.844.85 |
- Egyptian Iron & Steel34.0434.65 |
- Canal Shipping Agencies29.6029.28 |
- Al Fanar Contracting Construction Trade Import And Export Co3.733.76 |
- Development & Engineering Consultants53.9852.04 |
- Arabian Food Industries DOMTY21.9321.51 |
- Delta Sugar51.4351.28 |
- Kafr El Zayat Pesticides9.159.06 |
- Misr Oils & Soap184.14175.35 |
- Misr Kuwait Investment & Trading Co.3.663.66 |
- REKAZ Financial Holding3.303.30 |
- Al Baraka Bank Egypt12.6512.48 |
- Faisal Islamic Bank of Egypt - In US Dollars0.980.98 |
- A Capital Holding3.163.16 |
- Misr Duty Free Shops34.6432.63 |
- Housing & Development Bank61.9862.32 |
- Golden Textiles & Clothes Wool39.9439.47 |
- ASEC Company For Mining - ASCOM35.0534.84 |
- Cairo For Investment And Real Estate Developments-CIRA Edu13.8913.92 |
- Glaxo Smith Kline43.5843.06 |
- El Ahli Investment and Development30.4329.96 |
- Arab Aluminum13.0513.05 |
- Maridive & oil services0.36300.3630 |
- Egypt Aluminum167.63165.50 |
- Rights Issue of International Agricultural Products -216.9516.50 |
- Telecom Egypt41.6541.90 |
- Egyptians Real Estate Fund Certificates13.7213.72 |
- B Investments Holding29.3029.27 |
- Naeem Real Estate Holding Group8.518.51 |
- ARAB POLVARA SPINNING & WEAVING CO.99 |
- Orascom Construction PLC391.98393.99 |
- Misr Hotels27.4427.28 |
- Misr Beni Suef Cement159.12160.26 |
- Egyptian International Pharmaceuticals (EIPICO)50.8150.32 |
- Qatar National Bank29.1829.02 |
- Export Development Bank of Egypt18.7018.70 |
- Misr Chemical Industries29.7229.42 |
- Egyptian Kuwaiti Holding0.66300.66 |
- Cleopatra Hospital Company8.128.12 |
- Alexandria National Company for Financial Investment40.2738.17 |
- Nozha International Hospital7.407.40 |
- Alexandria Flour Mills29.6829.34 |
- The United Bank13.9913.99 |
- Union Pharmacist Company For Medical Services and Investment7.027.02 |
- Marsa Marsa Alam For Tourism Development2.542.54 |
- Gadwa For Industrial Development77 |
- El Orouba Securities Brokerage1.111.11 |
- Ismailia National Food Industries81.4780.51 |
- Golden Pyramids Plaza0.94900.9490 |
- Alexandria Spinning & Weaving (SPINALEX)10.7510.75 |
- Natural Gas & Mining Project (Egypt Gas)40.0840.08 |
- Suez Canal Bank S.A.E23.5223.52 |
- Faisal Islamic Bank of Egypt - In EGP29.9329.93 |
- Acrow Misr73.4173.41 |
- Golden Coast Company3.543.54 |
- El Nasr For Manufacturing Agricultural Crops33.1933.19 |
- Alexandria Pharmaceuticals657.47623.17 |
- El Badr Investment And Development BID1.481.48 |
- Wadi Kom Ombo Land Reclamation139.91139.90 |
- General Company For Land Reclamation,Development & Reconstru72.1572.15 |
- October Pharma131.46131.46 |
- Cairo Pharmaceuticals190.35190.42 |
- AJWA for Food Industries company Egypt125.23125.23 |
- Samad Misr -EGYFERT186.84186.84 |
- National Housing for Professional Syndicates51.7451.74 |
- EGX 30 INDEX ETF38.9038.90 |
- North Cairo Mills56.6556.65 |
- Delta For Printing & Packaging79.3179.31 |
- Egyptian Satellites (NileSat)6.506.50 |
- Rakta Paper Manufacturing23.5023.50 |
- UTOPIA37.4537.45 |
- Egyptian Financial & Industrial252.83252.83 |
- Minapharm Pharmaceuticals237.99237.99 |
- Sues Canal Company For Technology Settling141.62141.62 |
- General Silos & Storage227.42227.42 |
- Middle Egypt Flour Mills64.6564.65 |
- Upper Egypt Flour Mills581.93581.93 |
- El Arabia for Land Reclamation93.5793.57 |
- East Delta Flour Mills297.68297.68 |
- South Cairo & Giza Mills & Bakeries76.9476.94 |
- Middle & West Delta Flour Mills397.95397.95 |