Individuals aged 16-21 can get in on EGX trading, but can only have a maximum of EGP 10k of stocks in their portfolio under new rules by the Financial Regulatory Authority (pdf). The regs also forbids under-21s from taking out margin calls or short-sell stocks. The new rules come as the worlds of banking and finance are also being opened up to the same age group. FRA boss Mohamed Omran had said that financial products specifically targeting young people could be offered to individuals below the age of 21 at now service charge in a bid to encourage financial inclusion. This followed instructions from the Central Bank of Egypt to allow those under the legal age to open bank accounts without their parents or guardians’ consent and be given access to a limited number of banking services.

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