Sahm Capital review

The minimum deposit is $0, so there is no floor on the first transfer. This is a market account rather than a savings product, so money is meant to sit in stocks, etfs and options and move, not earn interest. Even a small opening balance should be sized against what a single trade costs.

Stock trades cost $0.49 and options trades $0.49, a flat amount on each rather than a percentage of the deal. That puts the account at position 106 of 166 on this measure. Borrowing to trade adds the margin rate of 7% on top, which is a separate cost.

Sahm Capital is regulated in Saudi Arabia by Capital Market Authority (CMA), and its licence number is 22251-25. This is a market licence, not a savings product, so there is no cash deposit sitting behind it in the way a bank balance sits behind a savings guarantee. Read the licence terms to see what applies if the firm cannot meet its obligations.

You can trade stocks, etfs and options. The platform also lists mobile app and options among what it offers. There is no forex, CFD or crypto range in the published pricing, so traders who need currency or leveraged products will need to look elsewhere.

The account runs on Web, Tablet and Mobile, so you can check holdings and place orders from a laptop, a tablet or a phone. Mobile trading and options both sit inside the same account, and the contracting entity is Sahm Capital Financial Company.

Sahm Capital trades as Sahm Capital Financial Company and was founded in 2022, which makes it a young firm next to long established brokers. Newer firms often move quickly on pricing and apps, but they carry a shorter record of operating through hard markets, which matters more if you plan larger balances.

Options are part of the offering, at an options fee of $0.49, and options also appear under mobile app and options. Buying on margin means paying the margin rate of 7% on borrowed amounts, so a wrong call costs more than the premium alone. That suits experienced traders rather than a first account.

Its overall score is 6 and the cost part is 6. On minimum deposit it sits at position 1 of 218, ahead of most, while the stock trade fee ranks lower at 106 of 166. Cheap to open, pricier to trade.