NBK Brokerage: accounts, costs, trading and client protection

Saudi and Egyptian access requires additional authorisation and an investor number; NBK can assist with obtaining that number.[1]

View full spreads & trading costs

Option permission is assessed separately by product and strategy, with possible dollar and contract limits on the approval form. The client retains investment decisions; the linked agreement distinguishes the introducing financial organisation from Pershing’s clearing role. Selling options can create delivery or purchase obligations beyond the premium received.[8]

The September 2026 regional PDF below differs from the undated FAQ’s Kuwait rates/minima; confirm the accepted tariff before trading.[4][1]

These US figures are also reproduced in Appendix D of the August 2026 international agreement. Margin interest requires the introducing firm’s separate disclosure of the rate and calculation basis; the generic Pershing margin agreement does not itself supply a current NBK borrowing rate. Margin securities may be pledged or lent, and the client remains liable for any liquidation shortfall.[6][9]

Regional orders require exchange acceptance. Conditional instructions include Day, GTC, GTD, FOK and IOC, subject to market support; the agreement does not guarantee their timing. A cancellation request can arrive too late. If online dealing fails, contact the dealing service and obtain the order’s status: system and telephone failures can prevent execution or cancellation.[5]

For international margin accounts, Pershing can change collateral requirements and liquidate without a prior margin demand where its agreement permits. A discretionary period to meet a call can be shortened. The investor cannot assume a guaranteed warning period or a choice of which holding will be sold.[9]

Kuwait certificate deposits and issues use separate signed forms identifying the investor, trading account, security and quantity.[11][12]

The FAQ estimates about ten working days for either certificate process.[1]

Regional termination requires fifteen days’ written notice. Kuwait holdings can transfer subject to clearing rules; Saudi/Egyptian holdings can move to an eligible broker where permitted. Other GCC holdings normally require sale.[5]

The FAQ gives broader non-Kuwait sell-only guidance: confirm the accepted transfer arrangement for the specific market.[1]

The US FAQ’s closure process is to sell holdings, withdraw all cash and submit a signed closure form.[2]

In-specie movement is a separate available route with the charges above. The dormant fee alone does not close an account.[7]

The Egyptian Risk Insurance Fund charge is a market cost, not a stated guarantee of account value.[4]

Pershing documents identify SIPC membership. Account-specific eligibility and any supplementary insurance limit require the carrying-account disclosures; no universal per-client payment is established here.[9]

Use the firm’s complaint form with account identification, a clear chronology and supporting documents. CMA’s submission form asks for supporting evidence and proof that the complaint was first presented to the licensed person. It also asks about other reports and legal proceedings; this is an external supervisory complaint route.[13][18]

Regional password recovery requires identity number, username and an SMS one-time password.[1]

International initial credentials arrive in the NBK banking website’s message box; first login sets up an email one-time password.[2]

The international agreement requires reporting statement or valuation errors within two days of sending. The options agreement makes clients responsible for complete order instructions and final investment decisions; market commentary does not replace that responsibility.[6][8]

Watani Investment Company was established on 8 June 2005 and is wholly owned by National Bank of Kuwait. Its published assets under management at 31 December 2025 were KD3.764 billion, expressly excluding brokerage and custody. That group-company measure should not be presented as NBK Brokerage client assets.[10]

The 2025 merger moved the former Watani Financial Brokerage business into Watani Investment Company. Older pages and forms may retain former company names; the current agreement and CMA merger decisions identify the operating entity. The bank relationship supplies funding channels, while the investment company provides this securities service.[14][15][6]

Headquarters

Kuwait City, Kuwait