Accounts & headline costs
Sections ↑Thndr connects retail investors to Egyptian, US and UAE markets through separate account routes. Thndr Securities Brokerage handles the Egyptian brokerage service; Thndr Financial Ltd is the ADGM entity used for international routes, with Alpaca executing US securities trades. A fee or protection applicable to one route should therefore be read with that route’s entity and asset location.[1][2][18]
Account comparison01
Account and service routes at a glance
| Account / service | Customer and legal scope | Principal condition |
|---|---|---|
| Egypt stocks and ETFs | Thndr Securities Brokerage, FRA licence 804 | EGP fee schedule, EGX/MCDR/FRA/stamp chargesSource 1Source 16 |
| Egypt mutual funds | Fund subscriptions/redemptions | The general tariff says no Thndr order charge; older gold-fund guidance quotes charges, so verify the selected fund’s current breakdownSource 1Source 24 |
| Thndr Trader | Subscription for Egypt-market users | Published 50-order monthly benefit, ThndrX, data and priority support; fee descriptions conflict as explained belowSource 6 |
| US market | Thndr Financial Ltd with Alpaca execution | US fee, transfer and protection chainSource 2Source 19 |
| UAE market | Thndr Financial Ltd / ADGM route | AED fee schedule and ADX wallet rulesSource 3Source 18 |
Broker essentials02
Opening and account essentials
| Measure | Value | Context |
|---|---|---|
| Egypt broker | Thndr Securities Brokerage | Source 1Source 16 |
| Egypt licence | FRA 804 | Source 1Source 16 |
| International permission | Thndr Financial Ltd, active FSRA FSP 240002 since 31 January 2024 | Source 18 |
| US executing broker | Alpaca Securities LLC | Source 1Source 19 |
Products & platforms
Sections ↑Availability03
Products and ownership structure
| Product or service | Published access | Boundary that matters |
|---|---|---|
| Egypt stocks and ETFs | EGX-listed securities | Order and transaction fees differ when an order fills in piecesSource 1Source 4 |
| Egypt mutual funds | Subscriptions and redemptions through the fund route | Fund subscription/redemption expenses can apply; published broker-fee descriptions differ for gold fundsSource 1Source 24 |
| US stocks/ETFs | US market route through Alpaca | US charges, settlement and SIPC scope applySource 2Source 19 |
| UAE securities | Supported ADX/market products | AED fees and wallet withdrawal rules applySource 3Source 15 |
| Egypt IPOs | Subscriptions through the IPO page during the offering period | A request is not an allocation; funding blocks and cancellation deadlines applySource 23 |
Platforms & products04
Platform and workflow
| Platform / route | Documented capability | Practical boundary |
|---|---|---|
| Thndr mobile app | Multi-market orders, wallet, portfolio and support | Regional account availability controlsSource 14 |
| ThndrX | Desktop/web advanced order pad and market data | Subscription/market eligibility can applySource 5Source 6 |
| EGX advanced orders | Market, limit, stop-sell, expiry and fill controls | Bracket/OCO functionality is restricted to ThndrXSource 4 |
For Egyptian shares, Thndr identifies a separate custody entity, Thndr Technology Holding for Financial Investments. Its transfer instructions give custodian code 4625. This custody role is distinct from Thndr Securities Brokerage’s exchange-order role; holdings are recorded through MCDR.[14][11]
Fees & holding costs
Sections ↑Pricing & charges05
Primary pricing
| Cost layer | Published amount or basis | Scope and condition |
|---|---|---|
| Egypt fixed brokerage | EGP 2 per order | Stocks and ETFsSource 1 |
| Egypt variable brokerage | 0.1% of executed order value | Buy and sellSource 1 |
| EGX and MCDR | 0.01% each per order | Each has an EGP 5,000 maximum in the published tariffSource 1 |
| FRA fee | 0.005% per transaction; EGP 1–250 | Multiple fills can create several transactionsSource 1 |
| Risk-insurance charge | 0.005% per order, maximum EGP 5,000 | A transaction charge, not a promise of full reimbursementSource 1 |
| Stamp duty | Published 0.025% for T0; 0.05% for T1/T2 | Market stamp charge applies separately from Thndr brokerageSource 1 |
Pricing & charges06
Secondary and event-driven charges
| Item | Published treatment | When it matters |
|---|---|---|
| Thndr Trader benefit | 50 qualifying executed stock/ETF orders per subscription month | Third-party charges remain; the guide’s treatment of the EGP 2 charge is inconsistentSource 6 |
| US order brokerage | US$0.20 + 0.1% of order value + US$0.005 per share | Current US-specific fee page; regulatory charges remain separateSource 2 |
| UAE order | AED 0.49 + 0.1% + 0.03125% third-party fees + 0.00125% VAT | Percentage amounts are based on the order valueSource 3 |
| Egypt annual custody | 0.01% of the 31 December stock value | MCDR charge deducted in January; mutual funds excludedSource 1 |
| Instant Settlement | 0.3%, minimum EGP 5; minimum release EGP 300 | Converts eligible unsettled stock-sale proceeds to withdrawable cash before normal T+2 settlementSource 10 |
Pricing & charges07
Thndr Trader billing and quota
| Term | Published condition |
|---|---|
| Monthly plan | EGP 245; automatically renews every 30 daysSource 6 |
| Annual plan | EGP 2,646; renews every 12 monthsSource 6 |
| Quota | 50 executed Egypt stock/ETF orders per subscription month; each buy or sell counts once, including partial fills; no rolloverSource 6 |
| Refund mechanism | The guide describes an end-of-day Commission kickback; third-party fees are excludedSource 6 |
| Cancellation | Monthly: no refund of unused days. Annual: first-month cancellation window with a pro-rata refund for the remaining periodSource 6 |
The US-specific fee page, marked updated this week when reviewed on 29 October, quotes US$0.005 per share. The older all-market fee table still quotes US$0.0015. This profile uses the newer market-specific schedule; the final order breakdown remains the place to check the regulatory charges and the rate applied to an account.[2][1]
Execution & trading rules
Sections ↑Specifications08
Egypt-market orders and execution controls
| Instruction or situation | Documented operation | Consequence |
|---|---|---|
| Market | Executes at available prices | No guaranteed fillSource 4 |
| Limit | Sets a price condition | Can remain unfilledSource 4 |
| Stop sell | Converts to a market sell when triggered | A price gap can produce a fill below the stop levelSource 4 |
| Bracket/OCO on ThndrX | An executed entry activates a take-profit limit and stop-loss market order | One exit cancels the other; the stop-loss price is not guaranteedSource 4 |
| Time in force | DAY, GTC, GTD, FOK and IOC for supported EGX instructions | T+0/T+1 orders expire daily unless the available persistent setting is usedSource 4 |
| Market-buy cash buffer | The order guide describes a temporary 10% buffer | Market orders are unavailable during EGX pre-close/trade-at-close from 14:15 local timeSource 4 |
Trading & service hours09
Sessions, exceptions and outages
| Issue | Published route | Operational implication |
|---|---|---|
| ThndrX order pad | Depth and order entry for eligible Egypt users | Market-data display does not guarantee fillSource 5 |
| Partial execution | FRA fee can apply per transaction rather than once per order | One order can split into several fillsSource 1 |
| Account or platform interruption | Use authenticated in-app support | Check the market-specific wallet and recorded order status before sending another instructionSource 14 |
| Subscription expiry | Commission waiver/data benefits stop under current billing terms | Open positions remain customer responsibilitySource 6 |
Deposits, withdrawals & transfers
Sections ↑Transfer terms10
Cash movements
| Route | Published operation | Restriction or timing |
|---|---|---|
| InstaPay Egypt | 0.1% network fee, EGP 0.50–20 | Thndr itself says it charges no deposit fee; network limits applySource 7 |
| Instant deposit | Early buying power before final settlement | Withdrawals can be paused until funds settleSource 8 |
| Egypt withdrawal | EGP 2.50 per request from settled, available cash | Own-name bank account or matching phone wallet; new bank details have a four-hour security holdSource 9 |
| Instant Settlement | Eligible proceeds can become available for withdrawal before T+2 | The service fee is not reversed merely because the later withdrawal is cancelledSource 10 |
| UAE/ADX withdrawal guidance | The ADX-titled guide quotes a minimum AED 45 and AED 10.50 domestic-bank fee | The same page incorrectly refers to a US wallet in its body; confirm the selected wallet and fee before requestingSource 15 |
| Egypt debit-card funding | The current top-up guide marks it unavailable from 6 September 2026 | Other available routes include bank transfer, InstaPay and supported mobile walletsSource 22 |
Transfer terms11
Portfolio transfers and closure
| Action | Published position | Customer consequence |
|---|---|---|
| Egypt transfer in | No Thndr transfer-in fee | Delivering broker and MCDR records governSource 11 |
| Egypt transfer out | 0.05% of previous close; minimum EGP 50 | Per current guidanceSource 11 |
| US ACATS transfer out | US$25 for a full or partial transfer | Indicative seven-to-ten-business-day process; fractions cannot transferSource 12 |
| US fractions | Not transferable | Liquidation or residual handling requiredSource 12 |
| Closure | Resolve each regional wallet/account separately | Different entity and market obligations remainSource 14 |
Instant Deposit and Instant Settlement solve different timing problems. Instant Deposit advances buying power while a bank transfer is being completed and can pause withdrawals. Instant Settlement applies to eligible Egyptian stock-sale proceeds and makes them withdrawable sooner for a fee; it does not determine how quickly the receiving bank credits the withdrawal.[8][10]
Protection & regulation
Sections ↑Protections & eligibility12
Entity and protection boundaries
| Arrangement | Published or registered scope | What it does not establish |
|---|---|---|
| Egypt share record | MCDR records ownership and settles securities | Not insurance against price lossSource 13 |
| Egypt cash | Company describes segregated/trust arrangements | Actual recovery depends on legal and insolvency factsSource 14 |
| Risk-insurance fee | Mandatory transaction charge to the stated protection fund | Fee payment alone does not establish a fixed personal payoutSource 1 |
| ADGM entity | Active FSRA FSP 240002: dealing as agent in shares and collective-investment-fund units | The register explicitly prohibits holding or controlling Client InvestmentsSource 18 |
| US broker | Alpaca Securities, FINRA firm 288202 | SIPC scope is separate from market loss and Thndr Egypt protectionsSource 19Source 14 |
Opening an account & support
Sections ↑Official support and complaint routes
Thndr help centreWebsite
In-app supportWebsite
https://support.thndr.app/en/articles/657166-is-thndr-safe-a-guide-to-regulation-security-and-asset-protectionSource 14
Scope Use authenticated in-app support for account, wallet and order enquiries.
Egypt FRA complaintWebsite
https://complaints.fra.gov.egSource 21
Scope FRA’s complaint process for the relevant Egyptian regulated service; the regulator guidance explains the supporting documents.
Additional services
Sections ↑Reference table13
Special services and operating conditions
| Service | What it adds | Condition or limit |
|---|---|---|
| Thndr Trader | 50-order Egypt benefit, ThndrX, live data and priority support | Monthly quota and non-waived third-party charges; published refund wording is inconsistentSource 6 |
| Instant deposit | Early buying power | Cash cannot necessarily be withdrawn until final settlementSource 8 |
| Instant Settlement | Earlier withdrawal of eligible unsettled Egypt stock-sale proceeds | Optional 0.3%, EGP 5 minimum; amount released must be at least EGP 300Source 10 |
| Multi-market investing | Egypt, US and UAE routes | Entity, currency, fee and protection are market-specificSource 1Source 2Source 3 |
Thndr Trader’s help page is inconsistent about the EGP 2 element: the benefit summary says it remains, while the refund section describes a commission refund and uses a minimum-fee formula that differs from the general tariff. The documented quota is 50 executed orders, despite the page’s “unlimited” subtitle. The profile does not treat this as unlimited or fully fee-free trading.[6][1]
Company background & evidence
Sections ↑The facts14
Company and research context
| Measure | Value | Context |
|---|---|---|
| Egypt broker | Thndr Securities Brokerage | Source 1Source 16 |
| Egypt licence | FRA 804 | Source 1 |
| International entity | Thndr Financial Ltd in ADGM | Source 1Source 18 |
| US execution | Alpaca Securities LLC | Source 1Source 19 |
| Selected terms refreshed | 2026-10-29 | Source 1Source 14 |
- Headquarters
- Cairo, Egypt, with ADGM international entity
- Founded
- 2020
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Thndr Securities Brokerage
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Regulatory Authority Egypt804 | Registered | Checked 16 Oct 2026Company fee/safety guidance identifies brokerage licence 804. The retrieved FRA company entry corroborates 804 and the entity but labels its activity financial technology; it is not treated as a complete permission record.Source 1Source 16 |
Thndr Financial Ltd
Abu Dhabi Global Market, United Arab EmiratesSource 18Source 2
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| ADGM Financial Services Regulatory Authority240002 | Authorised | Checked 29 Oct 2026Active. Agency dealing in shares and units in collective investment funds, effective 31 January 2024. Not permitted to hold or control Client Investments.Source 18 |
Alpaca Securities LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority288202 | Registered | Checked 16 Oct 2026US executing broker disclosed by Thndr.Source 19 |
Additional Information
Sections ↑Reference table15
Checks before relying on a quoted condition
| Check | Why it matters |
|---|---|
| Order versus transaction | The FRA fee is per transaction, so partial fills can increase instancesSource 1 |
| Subscription waiver is partial | Government/market infrastructure fees remainSource 6Source 1 |
| Three markets, different protections | Do not apply Egypt custody rules to US/UAE assetsSource 14Source 18Source 19 |
| Early buying power is not withdrawable cash | Instant deposit can block withdrawal until settlementSource 8 |
Sources & further reading
- Thndr order fees by market Thndr · 18 Aug 2026 · Accessed 29 Oct 2026
- US order fees Thndr · Accessed 29 Oct 2026
- UAE transaction fees Thndr · Accessed 29 Oct 2026
- Egypt stock order types Thndr · Accessed 29 Oct 2026
- ThndrX order pad Thndr · Accessed 16 Oct 2026
- Thndr Trader subscription Thndr · 7 Jun 2026 · Accessed 29 Oct 2026
- InstaPay top-up Thndr · 3 May 2026 · Accessed 16 Oct 2026
- Instant deposit Thndr · Accessed 29 Oct 2026
- Egypt wallet withdrawal Thndr · Accessed 29 Oct 2026
- Instant settlement Thndr · Accessed 29 Oct 2026
- Egypt securities transfers Thndr · Accessed 29 Oct 2026
- US ACATS transfers Thndr · Accessed 29 Oct 2026
- How Egypt share ownership is secured Thndr · Accessed 16 Oct 2026
- Thndr regulation, security and asset protection Thndr · Accessed 29 Oct 2026
- UAE wallet withdrawal Thndr · Accessed 29 Oct 2026
- FRA licensed institutions directory Financial Regulatory Authority Egypt · Accessed 16 Oct 2026
- FRA approval involving Thndr Securities Brokerage Financial Regulatory Authority Egypt · Accessed 16 Oct 2026
- FSRA register: Thndr Financial Ltd, FSP 240002 Abu Dhabi Global Market Financial Services Regulatory Authority · Accessed 29 Oct 2026
- Alpaca Securities firm record FINRA BrokerCheck · Accessed 16 Oct 2026
- FRA company record: Thndr Securities Brokerage, licence 804 Financial Regulatory Authority Egypt · Accessed 29 Oct 2026
- FRA complaint guidance Financial Regulatory Authority Egypt · Accessed 29 Oct 2026
- Thndr top-up methods, timelines and availability Thndr · Accessed 29 Oct 2026
- How to subscribe to an IPO on Thndr Thndr · Accessed 29 Oct 2026
- Gold-fund guide: fund-specific fee descriptions Thndr · Accessed 29 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.