Wikilix
Mashreq logo

Mashreq

Regulated
United Arab Emirates
,
Since 2001
Last Updated:
27/100
Overall Score

Trading Conditions

Min Deposit:
AED5000
Max Leverage:
N/A
Account Types
RegularInstitutionalIslamic

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Cash Deposit at Branch

bank transfer
Instant
Fee:
Free
Fee:
Free

Cash Withdrawal at ATM

bank transfer
Instant
Fee:
Free
Fee:
Free

Cash Withdrawal at Non-Mashreq ATM

bank transfer
Instant
Fee:
Free
Fee:
AED 5

Cash Withdrawal at International ATM

bank transfer
Instant
Fee:
Free
Fee:
AED 20

Credit/Debit Card Payment

credit card
Instant
Fee:
Free
Fee:
Free

Online Bank Transfer

bank transfer
24 hours
Fee:
Free
Fee:
Free

International Bank Transfer

bank transfer
3 days
Fee:
0.3%
Fee:
Free

E-Wallet Payment

e wallet
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 47%, 3: Software 0%, 4: Spread 0%, 5: Account Type 30%, 6: Symbol 0%
Regulation
4%Poor
License
47%Poor
Software
0%Poor
Spread
0%Poor
Account Type
30%Poor
Symbol
0%Poor

Company Information

Full Name:Mashreq Bank
Founded:2001
Headquarters:United Arab Emirates
Enterprise Offices:1offices

Customer Support

Phone:
+9714 424 4444
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down

Broker Summary

Summary of the broker

Introduction and Overview

The name Mashreq comes echoing in the circles of financial services, especially in the realm of brokerage trading. Financial service provider Mashreq offers access to multiple markets and an array of trading instruments for traders and investors alike, making trading swift and smooth. Specifically, with limited information available to the public about the range of products offered by Mashreq, it can be assumed that the broker offers professional trading solutions to its clients.

Within these turbulent financial markets, the right choice of broker either for the novice or professional trader is of most importance. Brokers like Mashreq are essential in facilitating this by providing the traders with platforms, tools, and services that make such informed choices possible. The paper gives an in-depth analysis of Mashreq: what it is, its background, its features, regulatory status, conditions of trading, fee structures, and user experience, based on information obtained.

Background and History

Mashreq operates as an unregulated service provider for premier brokerage and financial services, established in the United Arab Emirates during 1996. It offers products and services in the realm of cards, loans, transfers, investments, equities, and insurance.

Key Features and Offerings

Due to the limited published information on this bank, the actual bouquet of services and products for Mashreq are not very clear. This kind of broker usually provides different types of trading instruments like forex, commodities, indices, and possibly CFDs. Trading platforms provided by them are normally fitted with appropriate analytical equipment, real-time data, and also importantly, features for risk management.

From a financial services company like Mashreq, one would imagine that it would be more about providing an easy-to-navigate trading environment, optimal trading conditions, and some degree of customer support. Unfortunately, without further information, these are general expectations rather than confirmed attributes.

Licensing and Regulations

Regulatory oversight is a crucial factor in assessing a trading broker. Unfortunately, it is not very easy to find detailed information concerning the possible regulation licenses which Mashreq holds, let alone confirmation of its compliance status. The kind of regulations being followed will determine how well-protected clients' protection of funds is, as well as adherence to industry standards.

Given the above-mentioned role that regulation plays, potential clients of Mashreq should check the status of the broker's license and current regulatory affiliations directly prior to engaging with the company's services.

Regulator

License Number

Status

Limited information is available

Trading Conditions and Platform Technology

Trading conditions include spreads, leverage, and minimum deposit requirements, which are essential aspects to consider for traders when deciding upon the affordability and accessibility of trading with a certain broker. Specific details regarding Mashreq's trading conditions are currently not available to the public.

Similarly, details on trading platforms supported by Mashreq concerning whether they offer proprietary options or popular third-party software like MetaTrader are simply not available. Platform technology is one of the integral parts of a trading experience since it influences execution speed, charting capabilities, and overall usability.

Trading Condition

Details

Spreads

Limited availability of information

Leverage

The information available is limited.

Minimum Deposit

Limited information is available.

Trading Platforms

Information not widely available

Fee Structure

Understanding the fee structure is a must for traders to calculate how well the broker works out for their economy. Fees would include commissions, spreads, deposit and withdrawal charges, and inactivity fees. Unfortunately, no specific details on the fee structure of Mashreq are available.

Clients should contact Mashreq directly to confirm all applicable fees for an accurate and up-to-date quote before opening an account.

Fee Type

Details

Fees on Deposits

Limited information available.

Withdrawal Fees

Limited data available.

Commission

Information relatively scarce

Other Fees

Limited information available.

Conclusion

As a trade broker and financial services company, Mashreq may be worth considering for traders looking for access to financial markets. Lack of extensive details about its history, regulatory status, trading conditions, fee structure, and general user experience makes it highly necessary that interested people would have to do some proper research and ask direct questions. Transparency and regulatory compliance are paramount in broker selection, and until further actionable data is available, traders should approach Mashreq with caution. Overall, Mashreq's long history within the financial sphere indicates a purported base of knowledge, but much more needs to be explained before it can be judged as an adequate trading partner.

Regulatory Licenses

Compliance & oversight

1 license
United Arab Emirates
SCATier 2
United Arab Emirates#604013
License Details
Type:Dealing in securities
License #:604013
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

3 types
Regular
Standard
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Institutional
Corporate
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Islamic
Swap-Free
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
3
Total Types
3
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

10 methods
Cash Deposit at Branch
Bank TransferInstant
Deposit
Fee:Free
Min:AED 1
Max:AED 200,000
Withdrawal
Fee:Free
Min:AED 1
Max:AED 200,000
Deposits are processed during branch working hours. Available at all Mashreq Bank branches in the UAE.
Cash Withdrawal at ATM
Bank TransferInstant
Deposit
Fee:Free
Min:AED 1
Max:AED 20,000
Withdrawal
Fee:Free
Min:AED 1
Max:AED 20,000
ATM withdrawal limits may vary based on account type and verification level. Available at all Mashreq Bank ATMs in the UAE.
Cash Withdrawal at Non-Mashreq ATM
Bank TransferInstant
Deposit
Fee:Free
Min:AED 1
Max:AED 20,000
Withdrawal
Fee:AED 5
Min:AED 1
Max:AED 20,000
The first two transactions per month are free; subsequent transactions incur a fee. Available at ATMs of other banks within the UAE.
Cash Withdrawal at International ATM
Bank TransferInstant
Deposit
Fee:Free
Min:AED 1
Max:AED 20,000
Withdrawal
Fee:AED 20
Min:AED 1
Max:AED 20,000
International ATM withdrawals may be subject to additional fees imposed by the foreign ATM operator. Available at ATMs of banks worldwide that accept Visa or Mastercard.
9
Free Deposit
10
Instant
0
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with Mashreq: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark Mashreq at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for Mashreq

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

1 entities

MASHREQ BANK(Pakistan)

Pakistan
inactive

Registration

0007318

Established

2019-01-12

Comments

Share your thoughts and experiences with Mashreq