About Al-Multaqaa
Overview
Al-Multaqaa is a Jordanian brokerage firm that operates as an intermediary on the Amman Stock Exchange. The company is based in Jordan, with a registered address at Housing Bank Complex, 4th floor. According to our records, the firm was founded on 27 September 2019, though the official website claims an establishment date of 2005. This discrepancy may be due to a corporate restructuring or a difference between the legal incorporation date and the start of operations.
Al-Multaqaa positions itself as a stockbroker focused on the Jordanian equities market. The firm is led by Mrs. Taghrid Nafeisi, who brings over 25 years of investment experience. The company has not registered with any financial regulatory authority, and our FXCanary Scam Risk Score stands at 48/100 (Guarded), indicating a moderate level of caution is warranted due to the lack of regulatory oversight.
Regulation and Licensing
Our records show that Al-Multaqaa has no regulators on file. The firm does not appear to be licensed or authorised by any financial regulatory body as a forex or CFD broker. Given its profile as a stockbroker operating on the Amman Stock Exchange, it may be subject to the rules of the Jordan Securities Commission or the exchange itself, but no specific licence information is publicly available. The absence of a reputable regulatory licence is a significant factor for traders, especially those accustomed to the protections offered by regulated forex brokers.
Products and Services
Al-Multaqaa primarily offers brokerage services for stocks and bonds listed on the Amman Stock Exchange. The firm also facilitates trading on the Palestinian Stock Exchange through partnerships with local brokers. Its services include order execution, market insights, and strategic guidance. There is no mention of leveraged forex trading, CFDs, cryptocurrencies, or other derivatives. The firm's core offering is centred on traditional securities trading for the Jordanian and Palestinian markets.
Target Audience
Al-Multaqaa appears to target Jordanian and regional investors interested in accessing the Amman Stock Exchange and the Palestinian Stock Exchange. The firm's historical association with a group of businesswomen suggests a potential focus on empowering women in investment. However, without a clear regulatory framework, the firm may not be suitable for retail traders looking for a broker with strong client protections or access to international markets.
Overview compiled by FXCanary from regulatory records and public data. full Al-Multaqaa review