Open an Account
How to Open an Account
Dear Prospective Client,
To deal with Rabee Securities, the investor is required to open an account.
To open an account, the following documents should be emailed to newaccount@rs.iq.
Please make sure scanned copy is in colour and clear.
After the approval of the account, please send the originals to our Baghdad office via DHL.
Please note, all documents should be verified by a Notary Public.
Please note, as we are receiving multiple requests about investing in Iraq because the market is at a very low level, we are bringing the minimum investment down to $20 K for international retail investors.
For Individuals:
- Color copy of passport and ID. (Kindly make sure that the colored scan of your passport is clear and certified at a Notary Public).
- The Contract.
Download the Contract - Complete and sign the color copies of Application 1A, and Application 2 (For Electronic Trading).
Download Application 1A and Application 2
For Companies and Governmental Institutions:
- A color copy of passport(s) of the authorized person(s) who would deal with the account certified at a notary public. (Kindly make sure that the colored scan of passport is clear).
- A certified Copy of Commercial Registration Certificate, also company registrations number.
- A certified copy of Articles of Association.
- Complete and sign the color copy of the Contract. Stamp the 4th and 5th pages of the Contract with the corporate seal.
Download the Contract - Complete and sign the color copies of Application 1B and Application 2. Stamp these Applications with the corporate seal.
Download Application 1B and Application 2
Following the receipt of all document, Rabee Securities will setup the account at Iraqi Depository Centre (IDC) and send the investor the details forbank transfer.
After the money has been received, the investor can trade on the ISX through Rabee Securities by transmitting the orders by writing clearinstructions to the body of the email and sending the order email both to RS Traders email address (traders@rs.iq) and his/heraccount representative email address.
This publication may not be reproduced, modified, or re-disseminated in whole or in part without the prior written permission of Rabee Securities. The information provided herein is of a general nature and for informational purposes only and is not intended to serve as an offer or solicitation with respect to the purchase or sale of any security, or as a recommendation to adopt any particular trading strategy. Such information is subject to change without prior notice. Although Rabee Securities obtains information from sources it considers reliable, Rabee Securities makes no representations or warranties, express or implied, as to the information's accuracy or completeness. Furthermore, such information may be incomplete or condensed. Rabee Securities, its affiliates, directors, employees, assigns, agents, and successors bear no liability for any errors or omissions in this publication or for any losses arising from the use of or reliance upon this information. This limitation on liability applies to direct, indirect, consequential, special, punitive, or other damages, as well as damages for loss of profits or business interruption. Investors shall bear all responsibility for investment decisions taken on the basis of the contents of this report. Rabee Securities strongly advises potential investors to seek financial guidance when determining whether an investment is appropriate to their needs. All estimates included in this report constitute Rabee Securities’ opinion as of the date published on the report and are subject to change without notice. Copyright© Rabee Securities 2023