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Mofid Brokerage Dominates Online Trading

Mofid Brokerage Dominates Online Trading Mofid Brokerage Dominates Online Trading

Mofid brokerage is the top provider of online trading services for Iranian stocks, Securities and Exchange News Agency (SENA) reported. The brokerage processed over 21% of all online trading in the first five months of the current Iranian year (March 20-August 21). The next three spots went to Farabi, Agah and Mobin brokerages each handling 3.7%, 3.4% and 3.2% of online trading traffic for the period. Online trading is steadily gaining traction in Iran. It made up 31% of all trading during the period. However, high transaction costs and system failures plague trading in Iran.

Financialtribune.com