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FAQ

What do I need to open an account?

You need an iOS or Android smartphone, a valid UAE phone number, and your Emirates ID. When approved, you can transfer funds from your bank account to your brokerage account to start trading.

Is investing on Hura Trading commission-free?

Yes, and it will always be commission-free! Moreover, there are no fees required to open, maintain, or deposit funds into your account. You also will not be charged foreign exchange fees when you convert AED to USD to buy US stocks. If you opt to use our A.I. Smartfolios, fees will apply.

How will my account and investment be protected?

Your account and investment will be protected by the UAE Securities and Commodities Authority (SCA) and the US Securities and Exchange Commission (SEC). Hura Trading has acquired its SIPC and SEC licensing through its parent company, Flip Investor Inc, and is in the process of acquiring licensing from SCA. We will launch after all legal licenses are acquired.

How do taxes work?

The UAE does not have a double taxation treaty with the United States. However, there currently is no personal income tax in the UAE. As such, a capital gains tax is not imposed on UAE nationals and residents. UAE nationals and residents do not pay capital gains tax to the US government when investing in the US stock market. Only dividends are taxed at a flat rate of 30% by the US government.


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Hura Trading Inc. has acquired its SIPC and SEC licensing through its parent company, Flip Investor Inc. Hura will be available in the UAE and MENA Region once it’s granted permission from the UAE government. 

Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at www.huratrading.com. Note that certain Hura Trading Inc. product features listed are currently in development and will be available in the near future. Some of the information provided shows hypothetical results that may or may not represent live performance. All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing. The waitlist does not constitute a solicitation for investment or investment advice.

Lee Gearhart

Rawad Rifai​ - CTO

Rawad is a technologist and an entrepreneur.After growing in Fortune 500 companies like AT&T, NFL, and DIRECTV, Rawad started and grew multiple startups with a focus on emerging technologies such as Blockchain. 

He has won multiple awards throughout his career and is keen to bring emerging technologies to the Middle East.

rakesh

Rakesh Dodda - Technical Director​

Rakesh has more than ten years of experience in building innovative consumer technology products in the industry.

He loves to create infrastructure that makes complex things easy by rapidly developing and deploying applications that make things as painless as possible. Rakesh has worked for Discovery Inc, Bank of America, Digitas, and has contributed to the growth of many start-ups. He is always passionate about using technology to develop innovative products.

jeremy

Jeremy Hefter - Head Of Product

Jeremy is a serial entrepreneur who loves solving common problems in unique ways

He started his own VC firm and sold his first medical real estate business in 2013 for an undisclosed amount.

He has worked for Oracle, Edelman, The US Department of Energy, the NFL, AT&T’s strategy & innovation department, and has consulted for a variety of companies.

jawad

Jawad Wahabzada - COO

Jawad is an avid investor in the US stock market and a documentarian. His work has been featured on CNN International, NPR, The Hindu, Times of India, and at various film festivals around the world.

Since 2011, he has used the money raised from his documentaries to sponsor 50 child laborers to go to school in Afghanistan. His most recent project was launching India’s favorite food channel, Yum. Jawad is passionate about solving complex problems in innovative ways.

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Doug Adams copy

Doug Adams - COO

Doug Adams has more than 30 years of experience as an executive in the IT industry. He has demonstrated success helping companies grow profitably with high degrees of customer satisfaction. 

He has a passion for developing talent and building high performing teams. Most recently as a Senior VP at FusionStorm, he helped grow the company from $440mm to over $1bb in sales and improve profitability 1500% (15x) over 7 years. Prior to that he was at Oracle for 14 years where he served as a Vice President in their North America Consulting Division. 

He had responsibility for a variety of software and technology practices with a team of over 400 consultants. He has also held leadership positions at IBM and Andersen Consulting (Accenture), and holds a BS degree from Cal Poly, San Luis Obispo in Industrial Engineering.

Ed Sweeney

Ed Sweeny - Board Member

Ed Sweeney is a partner and a founder of RCM Alternatives. Previously, he was a Managing Director of Trading at TD Options, LLC, a subsidiary of TD Securities until 2006. 

He is also a founder of Starboard Specialty Funds, LLC. which is an active fund specializing in private and publicly traded bank equities.
He was also a co-founder of a trading technology firm, Ragnarok Systems, and also worked for O’Connor & Associates and at Swiss Bank Corporation as a director of fixed income trading.
Mr. Sweeney graduated with an M.S. and B.S. in Mechanical Engineering from MIT, has a J.D. from John Marshall Law School and holds a Series 7, 24 and 63 licenses.

Karla Dennis

Karla Dennis - Board Member

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. 

She has been featured in various media outlets such as, KTLA, Forbes, MSNBC, Yahoo! Finance, and SmartMoney marking her the ultimate tax and business expert.

Thomas Shippee Bio

Thomas Shippee - Consulting Board Member

Thomas P. Shippee is a financial services investor and industry expert. His early years he earned a Bachelor’s degree in Economics at Bates College and an MBA at Pepperdine University.   

For the last 35 years he has served in various positions including CEO of Wells Fargo Financial whereupon he oversaw all US and Canadian consumer and commercial business finance operations from Des Moines, IA.  He currently spends his efforts in the consumer financial services industry counseling and working for small privately held businesses.  

David Bay Bio

David Bay - Consulting Board Member

David is a Kentucky native graduating with a degree in Music Education at University of Kentucky and a Masters degree in Education from Xavier University. His early years were spent excelling as band director leading his group to breaking records, honors and 3 straight years of placing in state wide competitions. 

In 1988 David started a new life of entrepreneurship. Since then his natural ability to lead and passion for growing people has stretched him to employ over a hundred employees and operating several businesses over several industries including real estate, heating oil, farm gas, commercial lubricant, consulting, skilled nursing care, convenience store and restaurant business.  

Marc C

Marc Chesley - Consulting Board Member

Marc Chesley is a software industry pioneer with a passion for growing people and companies. He is a recognized innovator and operational leader. As former CTO at Infusionsoft, Marc helped grow the company from startup to over $100mm in revenue. He has led as CEO and President of many fast-growth software companies. 

Marc was recognized as Arizona CIO of the Year by the Phoenix Business Journal and the Arizona Technology Council.  The Society for Information Management awarded him Arizona IT Leader of the Year. He currently works as the COO at Paradox (fast-growing software firm) managing product teams, engineering teams, business development teams and serving as general counsel.

Kelly

Kelly Korshak - Board Member

Kelly is the mathematical genius behind our AI technology. He spent 30+ years on Wall Street building AI technology and investing over $4 billion in assets for institutional banks and funds including Deutsche Bank, Morgan Stanley, Brevan Howard, and Tudor Group. 

His strategy to investing is built around the approach that mathematical algorithms produce superior risk/reward in the stock market. This algorithmic intelligence approach led him to retire from Wall Street to Arizona where he subsequently co-founded Flip Investor.  

Kelly’s dream is to empower all individuals to grow their wealth through AI investment technology.

Randy Tate

Randy Tate - CEO

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur.  He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies.

His passion for technology led him to one of the fastest growing software companies called Infusionsoft, which peaked with over 150,000 software users.  As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program.

Since then he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology.