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Online
Trading
(E-TRADE)
Questions
What is
EIS
E-TRADE?
What
company
shares
are
tradable
via EIS
E-TRADE?
What is
a bid?
Does EIS-
KSA
charge a
subscription
fee
against
service
provision?
What
commission
rate
does EIS-
KSA
apply to
trading
via
E-TRADE?
What
happens
to the
order if
my
available
balance
does not
cover
the bid
quantity
price?
What is
an
offer?
What is
the
order
validity
period?
Who is
eligible
to trade
Saudi
local
shares
through
EIS- KSA?
What are
the
operational
requirements
of
E-TRADE
services?
When the
market
is open,
which
orders
are
executed
first?
What is
a
'Market
Order'?
How can
I amend
an
order?
What
execution
options
are
offered?
What are
the EIS-
KSA
Investment
Services
local
shares
trading
times?
How can
I
subscribe
to
E-TRADE
investment?
What
happens
if I do
not fix
the
order
validity?
Can I
fix the
execution
quantity?
How can
I cancel
an
order?
Are
there
any
restrictions
in case
of order
characteristics
alteration?
General
Questions
How many
branches
do you
have?
What are
your
working
hours?
Account
opening
Questions
What are
the
required
documents
to open
an
account?
Can I
open the
account
without
coming
to EIS-
KSA?
How long
does it
take to
open an
account
with EIS-
KSA?
Do I
have to
sell my
portfolio
in the
other
bank
before
joining
EIS- KSA?
Why
should I
open an
account
with EIS-
KSA?
What is
EIS
E-TRADE?
E-TRADE
is an
electronic
trading
service
offered
by EIS-
KSA over
the
Internet
to our
valued
customers
in order
to
enable
them to
execute
local
shares,
GCC,
MENA ,
International
market,
monitor
their
investment
portfolios
and view
market
news and
developments.
Top ⋀
What
company
shares
are
tradable
via EIS
E-TRADE?
Shares
of Saudi
joint
stock
companies
listed
on the
Saudi
Market
are
tradable
through
the
service
Top ⋀
What is
a bid?
It is an
order to
buy a
specific
number
of
shares
of a
given
company
traded
on the
market.
Top ⋀
Does EIS-
KSA
charge a
subscription
fee
against
service
provision?
NO,
there is
no
subscription
fee.
Top ⋀
What
commission
rate
does EIS-
KSA
apply to
trading
via
E-TRADE?
The EIS-
KSA
charges
the same
commission
rate
applied
to the
market
Top ⋀
What
happens
to the
order if
my
available
balance
does not
cover
the bid
quantity
price?
Prior to
acceptance
of an
entered
order,
the
System
will
match
the
order
price to
the
designated
current
account
balance.
This
measure
aims to
ensure
that the
order is
fully
executable
without
overdrawing
the
account.
If the
balance
is
insufficient,
the
System
will
return a
message
indicating
that the
available
balance
is
inadequate
to
execute
the
order.
Top ⋀
What is
an
offer?
It is an
order to
sell a
specific
number
of
shares
of a
given
company
traded
on the
market.
Top ⋀
What is
the
order
validity
period?
The
customer
can
select
either
of the
following
validity
options:
- One
trading
day: the
order is
valid
for one
day
only.
-
Execute
or
cancel:
the
order
will
either
be
executed
on the
spot or
cancelled.
Top ⋀
Who is
eligible
to trade
Saudi
local
shares
through
EIS- KSA?
According
to
instructions
of CMA,
service
availability
is
restricted
to
Saudis
and GCC
states
nationals.
Top ⋀
What are
the
operational
requirements
of
E-TRADE
services?
- Open
current
account
with EIS-
KSA.
- An
investment
valid
I.D or
passport.
- E-mail
address.
- post
address
code
Top ⋀
When the
market
is open,
which
orders
are
executed
first?
Once EIS-
KSA
Financial
Services
computes
the
quantity
to be
traded,
this is
allocated
to
orders
based on
their
priority:
- Market
orders
will
have
first
priority
of full
execution.
- Orders
priced
on
better
terms
than the
market
opening
price
(in-the-market)
follow
in full
execution
priority
once all
Market
Orders
have
been
executed.
- The
remaining
quantity
is
allocated
to other
orders
priced
(actual
order
price)
at
market
opening
price
following
a
quantitative
allocation
method.
Top ⋀
What is
a
'Market
Order'?
It is an
un-priced
order to
trade a
particular
share
instantly
at best
current
market
price.
Top ⋀
How can
I amend
an
order?
Click on
the
"Action"
Icon to
view and
amend
order
details,
then
enter
your
"Password"
To
authorize
the
amendment.
Top ⋀
What
execution
options
are
offered?
There
are
several
options:
- Market
order on
arrival:
the
order is
executed
on the
market
offer
price.
In this
case,
the
customer's
account
balance
must be
sufficient
to cover
the
maximum
share
price
appreciation
rate
i.e. A
%. This
is
applicable
to a bid
only.
- Full
execution:
the
order
quantity
must be
executed
in full.
-
Minimum
execution
amount:
the
minimum
quantity
of an
order
must be
executed.
-
Minimum
execution
amount
per
deal:
the
minimum
deal
amount
of an
entered
order
quantity
must be
executed.
Top ⋀
What are
the EIS-
KSA
Investment
Services
local
shares
trading
times?
The
trading
times
are the
following:
Saturday-Wednesday,
From
11:00 AM
until
3:30 PM
Thursday-Friday,
Market
Closed
The
Market
is also
closed
on
national
holidays.
Top ⋀
How can
I
subscribe
to
E-TRADE
investment?
You need
to fill
out the
Service
Application
Form and
submit
it to
EIS- KSA
branch.
We will
communicate
necessary
details
to you
through
your
email
address.
Top ⋀
What
happens
if I do
not fix
the
order
validity?
If no
order
validity
is
fixed,
the
System
will
automatically
enter it
as a
"One
Trading
Day"
order.
Top ⋀
Can I
fix the
execution
quantity?
Yes, you
can fix
the
quantity
to be
executed
using a
special
execution
order.
The
Service
supports
fixation
of
special
execution
in the
following
manner:
- Full
execution:
the
order
quantity
must be
fully
executed
without
splitting.
- 1st
time
minimum
execution
amount:
this
order
enables
the user
to fix
the
order
minimum
quantity
to be
executed
in the
first
deal.
For the
remaining
quantity,
the
order
becomes
a just
another
normal
order.
-
Minimum
execution
amount:
the
order is
executed
in equal
deals
until
the
entire
order
quantity
is
executed.
Top ⋀
How can
I cancel
an
order?
Click on
the
(Cancel)
mark
beside
the
order
number
to view
the
'cancellation
confirmation
screen'.
Top ⋀
Are
there
any
restrictions
in case
of order
characteristics
alteration?
You
cannot
amend
the
company
symbol,
market
or order
type
(bid/offer).
For
these
cases,
you need
to
cancel
the
order,
enter
details
again
and send
it to
the
market.
Top ⋀
How many
branches
do you
have?
In
Riyadh
there
are ONE
branches
working
and
other
two
under
construction,
and one
branch
in
Jeddah
and one
in
khubar
Top ⋀
What are
your
working
hours?
The EIS
– KSA
working
hours is
from
9:00AM
to5:00PM
Top ⋀
What are
the
required
documents
to open
an
account?
For
Saudis
the ID
Card ,
Fill the
form
For GCC
nationals
filling
up the
forms
and copy
of
passport.
And for
Non-Saudis
The
Eqama,
Copy of
the
passport
& a
letter
from his
company
Top ⋀
Can I
open the
account
without
coming
to EIS-
KSA?
Yes you
can
through
our
website,
if you
have an
account
with
EIS-KSA.
Top ⋀
How long
does it
take to
open an
account
with EIS-
KSA?
Only
minutes
from
branch
Top ⋀
Do I
have to
sell my
portfolio
in the
other
bank
before
joining
EIS- KSA?
No but
if you
have
portfolios
in GCC
market
under
your
name
only.
Top ⋀
Why
should I
open an
account
with EIS-
KSA?
To have
the
features
provided
by EIS-
KSA to
our
clients.
Top ⋀
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