You are required to provide us with your original passport or send us a photocopy of your passport certified by an Iranian Embassy located in your residing country.
It’s a unique trading ID that you need to have in order to be able to either own or trade shares/bonds in TSE and IFB. You are not required to have this trading code to invest in the mutual funds. For more information on how to obtain a trading code, please contact us at:
Preopening 8:30 – 9:00 am, Trading 9:00 to 12:30 pm. (TSE&IFB). These hours are effective Saturdays to Wednesdays, except public holidays
No, there are no account charges or maintenance fees on the brokerage account.
Yes, but there are some limitations. Please refer to Foreign Investment Regulations section.
No, you are only able to transfer money through exchange houses.
The government of I.R. Iran welcomes foreign investments and urges all the foreign investors to attentively peruse Iran’s FOREIGN INVESTMENT PROMOTION AND PROTECTION ACT (FIPPA), and its executive bylaws to know their own rights and be informed of the facilities and protections they may enjoy as well as the legal obligations and requirements caused by investing in Iran.
Central Securities Depository of Iran (CSDI) is a public company, which handles the clearing and settlement operations, and also acts as the Central Depository for all securities in Iran. The main shareholders of CSDI are TSE, banks and member firms.
Yes, but their markets are small in size.
Trading Halt is used when there is any information likely to affect the investment decisions substantially, and is deemed by SEO and TSE necessary to be disclosed to the public.
Annual, semi-annual and quarterly reports and any information that could affect stock prices have to be submitted to the SEO on a regular basis by every listed company. These reports and other financial statements are stored in the SEO database and are available to the public. Besides, SEO has implemented a network: CODAL (, through which the information affecting the prices will be published directly. All the information are available on the website and free of charge.
Yes. There are some brokers who offer online trading service. Any order that you place over the internet will be routed to a TSE member who will then reroute it to TSE market.
Currently, settlement for trades executed on the TSE market takes place on the third business day after the transaction - often referred to as T+3. Central Securities Depository of Iran (CSDI) acts as central counterparty to settlement, so that funds are transferred between brokers and CSDI, and securities are transferred between client accounts. Transactions are settled by book-entry transfer between accounts.
No, as yet. Only Iranian companies are listed at TSE. However, there is no prohibition in this connection.
For trading at TSE and IFB, one must choose a member firm (broker) to trade through it. Using TSE & IFB Trading System, your stockbroker will buy or sell shares based on your instructions. Currently, there are 97 member firms operating in the markets. They are licensed by Securities and Exchange Organization (SEO).
There are four types of securities traded on TSE: common shares, rights, derivatives (single stock futures) and bonds.
Yes, newly listed stocks are sold via an auction method; the buyer places his\her order in a different price with a broker who inputs the order into the trading system. The seller offers the shares at the greatest price in which orders are placed. The seller usually offers 5 - 10 percent of the shares in the first session. Daily price limits may only come into effect the day after the IPO.
No, capital gains and dividends are tax free for both Iranians and foreign investor.
Yes, it is possible to have several trading accounts with more than one broker; however, the trading permit (code) is unique for each person.
The daily price fluctuation limit of shares in TSE is set at +/- 4% of the closing price of the preceding business day. The aforementioned daily price fluctuation limit is set at +/-5% in IFB. The limit in terms of rights is set at +/- 8%.