Overview
EGBroker, established in 1996, operates as a comprehensive securities trading service provider in Egypt. Despite its long-standing presence, the company operates without regulatory oversight, which may raise concerns about investor protections and transparency. Nonetheless, EGBroker offers a range of services tailored to the Egyptian market, including securities trading and customer support through multiple branches across the country, providing in-person, phone, and email assistance to clients.
Regulation
EGBroker operates without regulatory oversight as a broker, which may raise concerns about the security and transparency of its operations. Investors should exercise caution when engaging with unregulated entities like EGBroker, as they lack the legal safeguards typically provided by regulated brokers. It's advisable for investors to opt for regulated brokers to ensure their investments are protected and to mitigate potential risks associated with unregulated platforms.
Pros and Cons
EGBroker offers a range of advantages such as low commission rates, efficient trade execution, and access to professional portfolio managers. However, it operates without regulatory oversight, which may raise concerns about investor protections and transparency.
Overall, while EGBroker offers competitive advantages such as low commission rates and efficient trade execution, the lack of regulatory oversight and limited transparency may pose risks to investors. It's essential for investors to weigh these factors carefully when considering EGBroker for their investment needs.
Services
EGBroker offers a comprehensive securities trading service in Egypt with several key features:
Lowest Commission and Expenses: EGBroker provides the lowest commission rates in Egypt, ensuring that clients can maximize their returns by minimizing trading costs. Additionally, they offer the lowest expenses associated with trading, enabling clients to keep more of their profits.
Ease of Collecting Financial Dues: EGBroker facilitates the process of collecting financial dues for their clients, ensuring smooth and efficient transactions. Whether it's dividends, interest payments, or other financial dues, EGBroker ensures timely and hassle-free collection on behalf of their clients.
Price Screen with Offers and Requests: EGBroker offers a price screen that displays both buy and sell offers, providing clients with real-time information on market prices and liquidity. This feature enables clients to make informed trading decisions based on current market conditions.
Execution During Session T+0: EGBroker executes trades during the same trading session (T+0), allowing clients to take advantage of immediate market opportunities without delay. This ensures swift execution of trades and minimizes any potential risks associated with delayed transactions.
Next Day Sale (T+1): For clients looking to sell securities, EGBroker facilitates next day sales (T+1), providing a quick turnaround time for liquidating assets. This enables clients to capitalize on market movements and swiftly realize their investment gains.
Marginal Buying: EGBroker offers marginal buying services, allowing clients to leverage their investments and potentially amplify returns. Marginal buying enables clients to invest more than their available capital, thereby increasing their exposure to the market.
Professional Portfolio Managers: EGBroker provides access to professional portfolio managers who can assist clients in managing their investments. These experts offer personalized advice and strategies tailored to clients' financial goals and risk profiles, helping them optimize their investment portfolios.
Overall, EGBroker offers a comprehensive suite of services designed to meet the diverse needs of investors in Egypt, with a focus on low costs, efficiency, and professional support to help clients achieve their financial objectives.
Customer Support
EGBroker provides customer support through its branches located in different areas:
Main Branch - Cairo:
Email: egs@egbroker.com
Phone: 02/27920183, 02/27921789, 02/27941848, 02/27943434.
Location: Al-Qasr Al-Aini Street, No. 88, Cairo.
Faisal Branch - Giza:
Email: egs@egbroker.com
Phone: 02/35587684, 02/35870682.
Location: Montaser Buildings, No. 34, Faisal, Giza.
Heliopolis Branch - Cairo:
Email: egs@egbroker.com
Phone: 02/24512458, 02/24512485.
Location: Al-Maqrizi Street, No. 87, Roxy, Heliopolis.
Alexandria Branch:
Email: egs@egbroker.com
Phone: 03/5235477, 03/5221316.
Location: 173 Ahmed Shawky Road, Roshdy Tram.
Customer Support Services:
In-Person Assistance: Visit any branch for face-to-face assistance regarding accounts, trading, or general inquiries.
Phone Support: Call the provided numbers for immediate assistance or to schedule appointments.
Email Correspondence: Reach out via email for non-urgent inquiries or document submissions, and expect a timely response.
EGBroker ensures accessible and responsive customer support through its multiple branches across Egypt, catering to the needs of its clients efficiently.
Conclusion
EGBroker presents itself as a comprehensive securities trading service provider in Egypt, emphasizing low costs, efficiency, and professional support for investors. While it offers competitive features such as low commissions, ease of financial dues collection, and next-day sales, investors should exercise caution due to the lack of regulatory oversight. The company's customer support network spans across multiple branches in key areas, providing in-person assistance, phone support, and email correspondence. However, the limited information available on its website suggests a need for improved transparency and communication about its services and regulatory status. As such, investors should carefully evaluate their options and consider the potential risks associated with engaging with an unregulated broker like EGBroker.
FAQs
Q1: Is EGBroker regulated？
A1: No, EGBroker operates without regulatory oversight, which may impact investor protections and transparency.
Q2: What are the commission rates at EGBroker？
A2: EGBroker boasts the lowest commission rates in Egypt, minimizing trading costs for clients.
Q3: How quickly are trades executed at EGBroker？
A3: Trades are executed promptly during the same trading session (T+0), ensuring swift execution and minimal delays.
Q4: Does EGBroker offer next-day sales？
A4: Yes, EGBroker facilitates next-day sales (T+1), allowing clients to quickly liquidate assets and capitalize on market movements.
Q5: Are professional portfolio managers available at EGBroker？
A5: Yes, EGBroker provides access to professional portfolio managers who offer personalized advice and strategies tailored to clients' financial goals and risk profiles.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
