Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do I need a Bank account with Mashreq?

April 26, 2017bank account mashreq

0

Posted

Do I need a Bank account with Mashreq?

1 Answer

0

Posted

Mashreq securities offers you two options: • Opening a cash account with Mashreq: A cash account is a special Nil Balance account that would be used for the settlement of trade transaction i.e the debits and credits of the funds. You can establish either a Current or a Savings account. • Using the Funds account: You may transfer or credit funds into a Fund Account in Mashreq to be able to trade without opening a personal cash account in Mashreq. You may start trading once the amount transferred or deposited is reflected in the account and assigned to you. Please send us a copy of the transfer or deposit slip either by fax to +971 4 424 7263 or by email to info@mashreqsecurities.