BSF Capital at a glance
Leading Saudi full-service investment bank, asset manager, and capital market institution—operating as the investment banking arm of Banque Saudi Fransi—providing equity brokerage, margin lending, asset management, debt capital markets, REITs, and institutional advisory on the Saudi Exchange (Tadawul).
BSF Capital reports a founding year of 1985 (Banque Saudi Fransi parent established in 1977; licensed as standalone investment company in 2011) and a head office in Riyadh, Saudi Arabia. It lists 1 regulator and 3 trading platforms.
BrokerBazaar verdict
BSF Capital (BSF Capital Company / formerly Saudi Fransi Capital) is a Tier-1 Saudi investment bank and brokerage house regulated by the Capital Market Authority (CMA Authorisation No. 11153-37). As the investment banking arm of Banque Saudi Fransi, it delivers institutional custody, Shariah-compliant margin lending, and comprehensive access across Tadawul, Nomu, Sukuk, and REITs, presenting an exceptionally safe counterparty for Saudi and GCC investors.
Legal entities, regulation and licences
BSF Capital operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
BSF Capital states that it accepts clients from Saudi Arabia, GCC Nationals, and accredited international Qualified Foreign Investors (QFI). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Saudi Equities, Nomu Parallel Market, Sukuk, Bonds, Mutual Funds, Real Estate Investment Traded Funds (REITs), Discretionary Portfolios. Platforms: SF Capital Tadawul Mobile, Fransi Tadawul Web, ProTrader Workstation. Account types: Individual Investment Account, Murabaha Margin Lending Account, Discretionary Portfolio Account, Corporate Account.
Best-for tags assigned by our team: Bank-Backed Broker, Saudi Tadawul, Shariah Compliant, Murabaha Margin, Sukuk, Wealth Management, REITs.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is SAR 0 (SAR 0 baseline for domestic Saudi Tadawul retail equity accounts; specialized thresholds apply for discretionary portfolio management). Spreads start from 0.0 (Exchange central orde… and commission is Standard Tadawul commission: 0…. Maximum leverage is 1:1, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Direct Banque Saudi Fransi (BSF) Transfer, SAR Bank Wire. Withdrawal methods: Direct Banque Saudi Fransi (BSF) Account Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
None of the recorded entities holds an active licence to keep client accounts, so no regulator's client-money rules can be assumed.
Not covered: Saudi Fransi Capital Company (Capital Market Authority (CMA)). This licence covers a different activity (such as securities, wealth or payments), so its client-money rules do not apply to a forex or CFD account.
Complaints and dispute process
Formal complaints: complaints@bsfcapital.sa. Phone: +966 800 125 9999. Complaints must first be submitted to the BSF Capital Customer Care and Compliance Unit. If unresolved within statutory timeframes, disputes can be formally escalated to the Capital Market Authority (CMA) Investor Protection Department or the Committee for the Resolution of Securities Disputes (CRSD). All domestic Saudi shareholdings are held directly in segregated electronic custody with Edaa (Securities Depository Center Company), completely isolating assets from firm-level balance sheet risks.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Wholly owned capital market and investment arm of Banque Saudi Fransi, providing institutional balance-sheet security
- Strength: Full CMA authorisation across all five core activities: Dealing, Managing, Arranging, Advising, and Custody
- Strength: Seamless fund transfers and settlement through direct Banque Saudi Fransi core banking integration
- Strength: Pioneer in Shariah-compliant asset management, Sukuk origination, and publicly traded REITs
- Limitation: Standard Saudi equity commissions (15.5 bps) follow fixed statutory tariffs rather than flat-rate discount structures
- Limitation: Account onboarding for non-GCC foreign retail clients requires Qualified Foreign Investor (QFI) accreditation
- Limitation: Does not provide speculative retail CFD trading or third-party MetaTrader 4 / MetaTrader 5 terminal support
- Limitation: Customer service phone lines operate primarily during regional banking and exchange trading hours
Who this broker suits, and who it does not
BSF Capital is most relevant to traders looking for: Bank-Backed Broker, Saudi Tadawul, Shariah Compliant, Murabaha Margin, Sukuk, Wealth Management, REITs.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
BSF Capital change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for BSF Capital yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about BSF Capital
Data sources. Broker submission, the regulator registers linked above, invest.sfc.sa; CMA news release; Saudi Exchange filing, web-archive and domain records, and third-party traffic data. Last register check 2026-09-28. External ratings: Google Play Store (BSF Capital Tadawul) 3.3/5; Apple App Store (BSF Capital Tadawul) 3.1/5; Trustpilot N/A/N/A; WikiFX N/A/5; Forex Peace Army N/A/N/A; Apple App Store – Saudi Arabia 1.7/5; Apple App Store – US 2.2/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with BSF Capital through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.