FAQ

Account Opening

Pre requisites:
  • A bank account
  • A minimum of 5,000 KD in cash or shares

For Individual accounts:

  • Civil ID or Passport

For corporate accounts:

  • Corporate license
  • Commercial registration
  • Memorandum and articles of associations including all amendments, if any
  • Company’s authorized signatory list along with specimen signatures
  • Authorized signature
  • Civil ID of the authorized signatories
  • Authorized traders list along with specimen signatures

The Egyptian Exchange (For Individuals):

  • A copy of the passport signed by the holder
  • A copy of Egyptian Civil ID
    (For Egyptians only)
  • An Egyptian bank account number in local currency
    (for Egyptian Nationals only)
  • Personal trading number “Investor number” in The Egyptian Exchange
    (if available)
  • If not available : Watani Brokerage will do the necessary to obtain an “Investor number”
  • Complete and sign the Authorization letter to trade in the Egyptian Exchange (EGX)

Saudi Stock Exchange (For GCC Nationals Only):

  • A copy of the passport or civil ID
  • Personal trading number “Investor number” in Saudi Stock Exchange (if available)
  • If not available: Watani Brokerage will do the necessary to obtain and “Investor number”
  • Complete and sign the Authorization letter to trade in Saudi Stock Exchange (TDWL)

Complete and Sign the Applications Pack – For Electronic Trading    

Procedure:

Watani Brokerage Application accounts are available and can be made

  • at any NBK branch
  • by visiting the dedicated:
    Customer Service Representatives at
    Watani Brokerage in NBK Tower, Sharq Area,
    Jaber Al-Mubarak & AlShuhada street
    Floor 35, block 7, Plot 6
    Sharq, Kuwait
    P.O. Box 4950 Safat
    13050 Kuwait

After the application gets approved, User ID and password are issued and collected either from your local NBK Branch (in 2 days) or from the Client Relations Officer at Watani Brokerage (in 1 day).


You will receive your user ID, login password and trading password either:

  • By visiting your local NBK Branch
  • Or visiting our offices at Arraya 2 – Floor 37

You can access your account through our website

Share Transfers/issuance

Existing Clients:

  • By signing 2 security deposit request forms, which can be collected from an NBK branch or from Watani brokerage client relations officer. A civil ID is required.
  • Forms are available at any NBK Branch, Watani Brokerage Office or Online. Click this to download the form.
  • Expected processing time : Approx. 10 working days
Existing Clients:

  • By signing 2 security issuance request forms which can be collected from an NBK branch or from Watani brokerage client relations officer. A civil ID is required.
  • Forms are available at any NBK Branch, Watani Brokerage Office or Online. Click this to download the form.
  • Expected processing time : Approx. 10 working days

Fund Transfers

OPTION 1:

Visit any NBK branch and transfer money to Watani Brokerage account number 1000007860

OPTION 2:

Through Watani online, Log in on WATANI ONLINE , Enter your card number and password then click login .Go to TRANSFER FUNDS, transfer to NBKC ONLINE TRADING ACCOUNT, put the AMOUNT then click SUBMIT.

OPTION 3:

Through Hala Watani, call 1 801 801 and ask the officer to transfer funds from your NBK bank account to your Watani Brokerage trading account.


Standard Platform:

Go to MY HOME, click on BANK TRANSFERS, then put the AMOUNT and TRADING PASSWORD, then click SUBMIT.

Premium Platform:

Go to CUSTOMER, click on WITHDRAWAL REQUEST, then put the AMOUNT, then click SUBMIT.

Commission and fees

COMMISSIONS

Boursa Kuwait:

  • Premier market: 0.10% of trade value
  • Main market: 0.15% of trade value
  • Auction market: 0.30% of trade value
  • Minimum commission will be 250 Fils for each executed trade
  • Kuwait Clearing Company will charge a fee equals to 500 Fils for
    each executed trade equals to 50 KWD or more

Dubai (DFM) / Abu Dhabi (ADX):

  • 0.30% X transaction amount
  • Minimum commission is AED 65
  • Additional ticket charge: AED 10 per trade
  • Value Added Tax (VAT) is applicable to brokerage fees invoiced by our executing brokers and is currently levied at 5% by the tax authorities

NASDAQ Dubai (USD):

  • 0.275% X transaction amount
  • Minimum commission is USD 35
  • Additional ticket charge: USD 3 per trade
  • Value Added Tax (VAT) is applicable to brokerage fees invoiced by our executing brokers and is currently levied at 5% by the tax authorities

Saudi Stock Exchange (TDWL):

  • 0.155% X transaction amount

Doha Securities Market:

  • 0.36% X transaction amount
  • Minimum commission is QAR 50

Muscat Securities Market:

  • 0.50% X transaction amount
  • Minimum commission is OMR 3.5

Bahrain Stock Exchange:

  • 0.40% X transaction amount
  • Minimum commission is
    BHD 10 for BHD trades
    USD 30 for USD trades

The Egyptian Exchange:

  • 0.50 % X transaction amount
  • Minimum commission
    EGP 50 for EGP trades
    USD 10 for USD trades
  • Additional:
    EGP 2 for each EGP executed trade
    USD 1 for each USD executed trade
  • Annual custody fees of 0.01% of the value of the clients portfolio as of closing prices at dates 30 June and 31 December
  • Annual Risk Insurance fees: as charged by the Risk Insurance Fund

MISCELLANEOUS FEES

Issue and Transfer Stocks Certificates:

  • Kuwait : Issue and transfer stocks certificates fees 5 KD for each certificate
  • Egypt : Custody transfer fees of 0.1% of the value of the transferred shares based on the previous closing price

MONTHLY EXCHANGE LIVE QUOTES FEES
KuwaitSaudiEgyptDubaiAbu DhabiDohaMuscatBahrainNASDAQ Dubai
FreeKD 7KD 4KD 3KD 3KD 3KD 2KD 4.5KD 1

PRO SUBSCRIPTION FEES
    • 1 Month 15 KD
    • 3 Months 45 KD
    • 6 Months 90 KD
    • 12 Months 150 KD

 

Others

Through Watani brokerage Client Relations Officers:

Client has to fill and submit a Reset Password Form. A new password will be handed to the client immediately.

Through the branch:

Client has to fill and submit a Reset Password Form. The new password will need to be collected from the same branch after two days.

Click here to download the Reset Password Form.


STEP 1 :

Fill and sign a Personal Information Change Request Form either at Watani Brokerage or at any NBK branch

STEP 2 :

Forms are available at any NBK Branch, Watani Brokerage Office or Online

Click here to download the Personal Information Change Request Form.


STEP 1: Fill and sign a closing account form

Forms are available at any NBK Branch, Watani Brokerage Office or Online

Click here to download the Closing Account Form.

STEP 2: Portfolio transfers

Cash transfers:

      • Transfer all brokerage account cash balances to your NBK bank account

Share transfers:

      • KSE listed shares: Submit request to issue share certificates (see link on share issuance above) or sell shares if any
      • Non KSE listed shares (ie GCC & MENA shares): Shares cannot be transferred, account will be kept open allowing you to only sell the shares and transfers funds to your NBK bank account

Contact Watani Brokerage

1803111
 brokerage@nbkcapital.com
 97144870 (WhatsApp service only for technical issues related to brokerage applications)

Location: NBK Tower, Sharq Area, Jaber Al-Mubarak & Al-Shuhada Street
Floor 34
Safat 13050, Kuwait