Gulf News

HOW BARAKA’S TRADES FUNCTION

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Baraka users have their shares and ETFs registered in their names through an affiliatio­n with an SEC Registered broker. Dividends are paid directly to their brokerage accounts, and there is protection through the Securities Investor Protection Corporatio­n (SIPC) with a limit of up to $500,000.

The platform plans to introduce features that give access to dividend reinvestme­nt plans and extended hours trading.

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