Login to your account

Username *
Password *
Remember Me

This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.

 

Egypt’s Financial Regulatory Authority (FRA) has approved the trading fees reduction of transactions on the Egyptian Exchange (EGX) to encourage investment and create a competitive environment, the authority announced on Sunday.

The decision will now be sent to the cabinet for final approval, the FRA said in a statement.

 

This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.

 

Additionally, expenses of the Investor Protection Fund by 50% to 0.005% from 0.010%.

 

Ahead of the decision the FRA held several meetings with market participants to discuss proposals to reduce transaction fees on the EGX in a bid to encourage investment and create a competitive environment.

 

We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.