Top 15 brokerage firms by value traded on Egyptian Exchange

Egypt’s capital markets are undergoing a structural shift, driven by surging retail participation, institutional repositioning, and renewed foreign appetite for North Africa’s second-largest economy. 

At the center of this transformation are brokerage houses executing billions of Egyptian pounds in trades across the Main Market, OTC, and SME boards of the Egyptian Exchange (EGX).

Recent data show a concentrated competitive landscape, with the top 15 firms executing more than EGP12.5 billion ($267.28 million) in combined value traded. 

Market leaders are strengthening digital infrastructure, expanding institutional research, and tapping into rising retail momentum fueled by currency volatility and equity repricing.

The Egyptian Financial Regulatory Authority (FRA) continues tightening governance standards, compelling brokers to upgrade compliance systems while maintaining liquidity flows. 

Meanwhile, technology-driven platforms are lowering entry barriers for young investors, intensifying competition between legacy institutions and fintech-backed disruptors.

From EFG Hermes’ institutional dominance to Thndr’s retail surge and Beltone’s balanced strategy, these brokerage firms are not only intermediaries, they are liquidity architects shaping Egypt’s capital formation story.

Below is a profile-by-profile breakdown of the top 15 brokerage firms by value traded on the Egyptian Exchange(EGX) as chronicled by Shore Africa.

1. Hermes Securities Brokerage
Value Traded: EGP2.04 billion ($43.6 million)
Market Share: 15.5%
Market leader Hermes Securities Brokerage dominates Egypt’s trading landscape with institutional depth and cross-border capabilities. Backed by EFG Holding’s research muscle, it commands strong foreign investor flows and large block trades. Its dominance reflects both research credibility and execution efficiency across equities and fixed income.

2. Thndr Securities Brokerage
Value Traded: EGP1.96 billion ($41.88 million)
Market Share: 14.8%
Fintech-driven Thndr has disrupted Egypt’s brokerage hierarchy. With 120,402 trades, the highest among peers, it leverages a mobile-first platform targeting young retail investors. Its scale demonstrates the rising power of democratized trading in Egypt’s capital markets.

3. Beltone Securities Brokerage
Value Traded: EGP996 million ($21.29 million)
Market Share: 7.6%
Beltone combines institutional brokerage, asset management, and investment banking. Its steady trade execution and research-driven positioning help maintain relevance among high-net-worth and institutional clients navigating volatile macro conditions.

4. Mubasher for Securities and Bonds
Value Traded: EGP917 million ($19.61 million)
Market Share: 7%
With strong regional connectivity, Mubasher bridges Gulf and Egyptian capital flows. The firm benefits from cross-border investor access and robust online trading systems, positioning it as a liquidity conduit.

5. Cairo Capital Securities
Value Traded: EGP 873 million ($18.67 million)
Market Share: 6.6%
Cairo Capital balances retail and institutional activity. Its mid-tier dominance reflects strategic positioning in Egypt’s evolving equity cycles and active participation in SME and secondary market trades.

6. Pioneers Securities and Bonds
Value Traded: EGP798 million ($17.06 million)
Market Share: 6.1%
Pioneers leverages diversified financial services exposure. Active trade volumes indicate strong retail participation and structured execution across equities and bonds.

7. EFG Hermes International Securities Brokerage
Value Traded: EGP760 million ($16.25 million)
Market Share: 5.8%
The international arm of EFG Hermes captures foreign institutional mandates. Lower share volumes but strong value traded suggest large-ticket transactions and cross-border allocations.

8. OSTOUL Securities Brokerage
Value Traded: EGP723 million ($15.45 million)
Market Share: 5.5%
OSTOUL stands out for consistent mid-cap and active retail engagement. Its balanced execution strategy sustains steady trade frequency.

9. Arqaam Securities Brokerage
Value Traded: EGP 579 million ($12.37 million)
Market Share: 4.4%
Arqaam focuses on institutional research and emerging market flows. It attracts foreign funds seeking structured exposure to Egyptian equities.

10. Commercial International Brokerage (CIBC)
Value Traded: EGP571 million ($12.21 million)
Market Share: 4.3%
Affiliated with CIB Egypt, CIBC leverages strong banking relationships to serve institutional and corporate clients, reinforcing execution stability.

11. Tycoon Securities
Value Traded: EGP552 million ($11.8 million)
Market Share: 4.2%
Tycoon’s rising trade volumes reflect growing retail traction. Its strategy emphasizes accessibility and active trading desks.

12. Arabeya Online
Value Traded: EGP410 million ($8.77 million)
Market Share: 3.1%
A digital-first brokerage, Arabeya Online benefits from remote account onboarding and streamlined execution tools.

13. Arab African International Securities
Value Traded: EGP368 million ($7.87 million)
Market Share: 2.8%
Backed by Arab African International Bank, the firm combines banking credibility with structured brokerage services.

14. HC Brokerage
Value Traded: EGP326 million ($6.97 million)
Market Share: 2.5%
HC maintains strong institutional research coverage, serving high-net-worth individuals and asset managers.

15. Al Ahly Pharos Securities Brokerage
Value Traded: EGP324 million ($6.93 million)
Market Share: 2.5%
Linked to National Bank of Egypt interests, Al Ahly Pharos leverages corporate finance capabilities alongside brokerage execution.