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EGX · Egypt

Best Stockbrokers in Egypt

The EGX is Africa's second-largest stock market by capitalisation and one of the oldest, tracing back to the Alexandria bourse founded in 1883. Egyptian brokerage firms have routine foreign-investor desks, and minimum capital requirements are typically modest. Repatriation of capital is permitted but is practically smoother when EGX trades are funded through documented inward FCY remittances.

Regulator: Financial Regulatory Authority (FRA)
Depository: Misr for Central Clearing, Depository and Registry (MCDR)

7 regulated brokers covering EGX

Every broker listed below is licensed by Financial Regulatory Authority (FRA). We do not rank them — order is informational only. Always verify current licensing on the regulator's website before opening an account.

EFG Hermes

Traditional Broker

The largest investment bank in the Middle East and North Africa, with a dominant EGX brokerage franchise. Full equities, fixed income, asset management, and research coverage.

Best for:
Institutional investors, large diaspora portfolios, research-led trading
Mobile app:
Yes
Access:
Foreign investors welcome
Visit EFG Hermes →

Thndr

Fintech App

FRA-licensed mobile-first brokerage app offering EGX-listed Egyptian stocks, ETFs, and Treasury bills. Streamlined onboarding designed for retail and first-time investors.

Best for:
Retail investors and Egyptian diaspora wanting fast app-based access
Mobile app:
Yes
Access:
Foreign investors welcome
Funding:
EGP funding via local bank transfer; foreign investors typically wire USD through partner banks.
Visit Thndr →

HC Securities & Investment

Traditional Broker

Independent Egyptian investment bank with full EGX brokerage, asset management, and research desk. Known for institutional-quality research.

Best for:
Investors who want independent (non-bank-tied) research and execution
Mobile app:
No
Access:
Foreign investors welcome
Visit HC Securities & Investment →

Pharos Securities

Traditional Broker

Cairo-based investment bank with EGX brokerage, equity research, and asset management arms. Strong mid-cap research coverage.

Best for:
Investors interested in EGX mid-caps and sector-focused research
Mobile app:
No
Access:
Foreign investors welcome
Visit Pharos Securities →

CI Capital

Traditional Broker

Full-service investment bank with EGX brokerage, asset management, leasing, and microfinance arms. Affiliated with Commercial International Bank.

Best for:
HNW investors and institutional clients
Mobile app:
Yes
Access:
Foreign investors welcome
Visit CI Capital →

Beltone Financial

Traditional Broker

Cairo-headquartered investment bank with EGX brokerage, asset management, and corporate finance. Established institutional franchise.

Best for:
Institutional and high-net-worth clients
Mobile app:
No
Access:
Foreign investors welcome
Visit Beltone Financial →

Naeem Holding

Traditional Broker

FRA-licensed Egyptian brokerage offering EGX equities trading, asset management, and corporate finance.

Best for:
Mid-tier investors and regional Gulf clients
Mobile app:
No
Access:
Foreign investors welcome
Visit Naeem Holding →

How to open an account on the EGX

  1. 1

    Open a Foreign Investor Account

    Foreign Investor accounts are opened through an FRA-licensed broker. Egyptian brokerage firms have routine foreign-investor desks and the process is generally well-documented.

  2. 2

    Get an Egyptian Tax ID

    Non-residents intending to repatriate proceeds need a Tax ID issued by the Egyptian Tax Authority. Your broker typically helps with this.

  3. 3

    Custodian appointment

    The broker generally handles custodian appointment as part of foreign-investor onboarding. MCDR holds the actual securities centrally.

  4. 4

    Fund through documented FCY inflows

    Repatriation is practically faster when EGX trades are funded through inward foreign-currency remittances properly documented at the receiving Egyptian bank. Document the inward wire well — it makes outward repatriation smoother.

KYC documents you'll need

  • Valid passport
  • Egyptian Tax ID (non-resident)
  • Proof of address (utility bill or bank statement under 3 months old)
  • Source-of-funds declaration
  • Inward remittance documentation for FCY funding

Fees and tax

Dividend withholding tax (final tax)5%
Capital gains tax on EGX-listed securities10% (verify current rate)
Typical brokerage commission0.4% – 0.8%
EGX / MCDR regulatory feesCombined ~0.2%

Fees and tax rates are indicative and change. Verify current rates with your broker and the latest Finance Act before transacting.

Frequently asked questions

Can foreigners invest in EGX stocks?

Yes. There are no general foreign ownership restrictions on EGX-listed equities, though certain sensitive sectors may have specific limitations. Open through any FRA-licensed broker with a foreign-investor desk.

What currency are EGX trades settled in?

Egyptian Pounds (EGP). Foreign investors should carefully assess EGP/USD exchange rate risk — the pound has historically experienced significant devaluation cycles.

How does repatriation work for non-resident EGX investors?

Repatriation is permitted but is practically smoother when your initial EGX funding was a documented foreign-currency wire. The receiving Egyptian bank's inward remittance documentation is what makes outbound repatriation routine.

Which EGX broker is best for diaspora?

Thndr is the fastest for retail-sized portfolios with app-based onboarding. EFG Hermes and HC Securities are the institutional-quality routes for larger ticket sizes.

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