Siinqee Investment Bank S.C.
No hidden fees. No surprises. Just fair, competitive rates for all Ethiopian investors.
Siinqee Investment Bank offers competitive rates with complete transparency. Below is the complete breakdown of all fees associated with trading on the Ethiopian Securities Exchange (ESX). All fees are clearly displayed before you confirm any trade.
Detailed breakdown of all transaction fees
| Type Of Securities | GSD Fee | ECMA Fees | ESX Fees | CSD Fees | Total Transaction Fee + Fees (% Of Transaction Value) |
|---|---|---|---|---|---|
| Equity Main & Growth Market | 1.60% | 0.15% | 0.36% | TBD | 2.110% |
| Equity OTC / Unlisted Market | 2.00% | 0.15% | 0.50% | TBD | 2.650% |
| Fixed Income (Bonds) OTC / Unlisted Market | 2.00% | 0.005% | 0.50% | TBD | 2.505% |
| Mutual Funds & ETFs (Equity-linked) | 1.60% | 0.15% | 0.36% | TBD | 2.110% |
| Mutual Funds & ETFs (Bond-linked) | 1.60% | 0.005% | 0.36% | TBD | 1.965% |
| Corporate Bond | 0.10% | 0.005% | 0.021% | TBD | 0.126% |
| Primary Market GoE Treasury Bills | 0.10% | - | - | - | 0.10% |
| GoE Treasury Bills | 0.10% | 0.005% | 0.021% | TBD | 0.126% |
| GoE Treasury Bonds | 0.10% | 0.005% | 0.021% | TBD | 0.126% |
| Commercial Paper | 0.10% | 0.005% | 0.021% | TBD | 0.126% |
| Sub-National (State & Local) Bonds | 0.10% | 0.005% | 0.021% | TBD | 0.126% |
| Sukuks | 0.10% | 0.005% | 0.021% | TBD | 0.126% |
* All fees are calculated as a percentage of the transaction value. The total fee is the sum of all applicable fees. Minimum commissions may apply for small value trades. Fees are subject to change based on regulatory updates.
See exactly what you'll pay before you trade
Fee Rate: —
Estimated Fee: —
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This is an estimate based on current fee structure. CSD fees (TBD) are not included. Actual fees may vary slightly based on market conditions.
Choose the data package that fits your trading style
End-of-day data export available for 50 ETB/month
No hidden costs – just straightforward fees
No maintenance fee
All deposits free
Per withdrawal
After 12 months*
* Inactivity fee waived if account balance > 5,000 ETB or if you have made at least one trade in the last 12 months.
For institutional investors, asset managers, and high-frequency traders, we offer customized pricing solutions tailored to your specific needs. Our institutional desk provides dedicated support and competitive rates for large volume trades.
Contact institutional deskEverything you need to know about our pricing
No, absolutely not. We believe in complete transparency. All fees are clearly displayed in the table above and before you confirm any trade. What you see is what you pay – no hidden charges, no surprises.
CSD (Central Securities Depository) fees are yet to be determined by the regulator. Once announced, these fees will be added to the total transaction cost. We will update our fee schedule immediately and notify all clients.
Commissions and fees are deducted at the time of trade settlement. You'll see the exact amount before you confirm any order, and it will be reflected in your transaction history.
Yes! Active traders and high-volume clients may qualify for reduced commission rates. Please contact our trading desk to discuss your trading pattern and we'll find the best pricing solution for you.
No, there is no minimum account balance requirement. You can open an account with any amount and start trading when you're ready. The only minimum applies to individual trades (minimum trade value may apply per ESX rules).