Startup and equities trading platform, Thndr Securities Brokerage, has obtained approval from Egypt’s Financial Regulatory Authority (FRA) to practice securities brokerage activities.
Thndr is the first company in the Middle East to announce the provision of a zero commission on securities trading service.
Its activities take place through an advanced electronic platform that enables dealers in the Egyptian Exchange (EGX) to view the latest developments and indicators at zero cost.
The company is keen to work with companies specialising in the financial technology (fintech) solutions field, to contribute to the development of the Egyptian capital market sector.
The most prominent of these partnerships includes a contract with the Egyptian Company for Information Dissemination (EGID). The latter company has been the approved authority for distributing information to EGX listed companies in the country for more than 20 years.
“By using technology and introducing an easy-to-use application, we hope to remove all barriers users face, whether by making the account opening process easier or reducing costs,” said Saif Amr, co-founder of Thndr.
He added, “We help companies by facilitating dealing in the Egyptian Stock Exchange, but we intend to offer other investment options soon to suit all segments.”