Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

ISX broker that does not require $10,000+ to start?


Recommended Posts

Hi Aitshioud,

Thanks for the reply you gave a previous DV member regarding a broker who can help with entry into the ISX.

I, too, want to invest in Zain, but can't afford the initial $10K that Moneysoon has indicated is needed by some brokers.

Al Karmal is with what firm? Have you personally worked with him?

It's very generous that you have compiled a Canadian investor ISX package... unfortunately, I probably can't benefit from that knowledge specific to Canadians (I'm an American).

Thanks for whatever time you can give me in your response.

Kind regards,
RedTailedHawk

  • Upvote 1
Link to comment
Share on other sites

u need to get your docs authenticated by the arab American chamber of commerce. they have a web site and a deal specifically for the ISX, youll need to click Iraq and scroll down. its around 100 bucks when I just looked.

 

I did this first a couple years ago and then found out that I needed to get the docs authenticated by the Iraqi consulate in my own country.

 

u also cannot wire internally from warka to al-karmal. last time I checked.. in the future hopefully this all changes and business becomes easier.. unfortunately, these are challenges when being the first outa the gate.

 

good luck :)

  • Upvote 2
Link to comment
Share on other sites

Step one:

Download this file: Legal Declaration for ISX Form ( this form is on the net) or u can make it up. A copy of your I'd& passport, name address phone number email, triplicate signature, and lawyer stamp,

It's essentially a doc that says your u

edit the highlighted fields

print it out

get it notarized (you will need to do this in front of a notary with your passporte and ID present.)

Step 2:

Send the following items to the Arab American Chamber of Commerce:

Your notarized Legal Declaration for ISX Form

A copy of your ID and Passport

A prepaid return envelope (Use FedEx for tracking purposes)

A money order for either $103 (personal investing) or $258 (business investing).

The address is:

Arab American Chamber of Commerce

Certification Department

972 Mt. Holly Dr. Annapolis MD 21401.

Tel: (410) 757-5544 or 1 888 999 5991

(In case you were wondering, here is what the money order is for:

AACC Service fee is $80.00 to certify any legal document ($35.00 charge for each additional document).

Notary public and court fee = $5.00

Secretary of State fee = $5.00

Department of State fee = $8.00

Embassy of Iraq fee = $5.00 ($160.00 for business)

You can find more information at the Embassy of Iraq:

http://www.iraqembassy.org/

Embassy of Iraq

1801 P Street, NW

Washington, DC 20036

Tel: (202) 483-7500

Embassy hours: Monday-Friday 9:30 AM – 5 PM

Step 3:

Contact your chosen brokerage and see how they would like you to get the above docs to them.

Once you do that the brokerage will get you a trading number.

Your brokerage may also have a client form for u to fill out and return.

Wire the brokerage your money.

Once received,

Fill out a stock purchase form, print, sign, copy, send to brokerage

I stress, double check all wire info. Every bank seems to have a different form for wire transfers. Bounce back fees are a pain in the wallet.

This process is going to take time. Est

15 mins for signing with lawyer

3 days to get to chamber, them to sign and send back another 3-7?

10mins to email brokerage color copy of doc

Or

1-2 weeks to mail physical doc to iraq

3 days -1 to 2 weeks for brokerage to get u an isx trading number

1 day - never for stock purchase.

IMO. Don't go with warka. They take forever if they do anything at all your lucky.

Edited by aitshioud
  • Upvote 4
Link to comment
Share on other sites

Step one:

Download this file: Legal Declaration for ISX Form ( this form is on the net) or u can make it up. A copy of your I'd& passport, name address phone number email, triplicate signature, and lawyer stamp,

It's essentially a doc that says your u

edit the highlighted fields

print it out

get it notarized (you will need to do this in front of a notary with your passporte and ID present.)

Step 2:

Send the following items to the Arab American Chamber of Commerce:

Your notarized Legal Declaration for ISX Form

A copy of your ID and Passport

A prepaid return envelope (Use FedEx for tracking purposes)

A money order for either $103 (personal investing) or $258 (business investing).

The address is:

Arab American Chamber of Commerce

Certification Department

972 Mt. Holly Dr. Annapolis MD 21401.

Tel: (410) 757-5544 or 1 888 999 5991

(In case you were wondering, here is what the money order is for:

AACC Service fee is $80.00 to certify any legal document ($35.00 charge for each additional document).

Notary public and court fee = $5.00

Secretary of State fee = $5.00

Department of State fee = $8.00

Embassy of Iraq fee = $5.00 ($160.00 for business)

You can find more information at the Embassy of Iraq:

http://www.iraqembassy.org/

Embassy of Iraq

1801 P Street, NW

Washington, DC 20036

Tel: (202) 483-7500

Embassy hours: Monday-Friday 9:30 AM – 5 PM

Step 3:

Contact your chosen brokerage and see how they would like you to get the above docs to them.

Once you do that the brokerage will get you a trading number.

Your brokerage may also have a client form for u to fill out and return.

Wire the brokerage your money.

Once received,

Fill out a stock purchase form, print, sign, copy, send to brokerage

I stress, double check all wire info. Every bank seems to have a different form for wire transfers. Bounce back fees are a pain in the wallet.

This process is going to take time. Est

15 mins for signing with lawyer

3 days to get to chamber, them to sign and send back another 3-7?

10mins to email brokerage color copy of doc

Or

1-2 weeks to mail physical doc to iraq

3 days -1 to 2 weeks for brokerage to get u an isx trading number

1 day - never for stock purchase.

IMO. Don't go with warka. They take forever if they do anything at all your lucky.

 

Thank you so much aitshioud!!! This is very very helpful :twothumbs:

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.