What NICI Brokerage does

NICI Brokerage (کارگزاری سرمایه‌گذاری ملی ایران, National Investment Brokerage of Iran) is a Tehran-based, privately held securities and commodities brokerage licensed by the Securities and Exchange Organization of Iran (SEO). Brokerage operations trace back to 1984, with the firm legally separated from its parent holding company, the National Investment Company of Iran (NICI), in June 2005 and formally licensed by the SEO in April 2007. The firm serves retail, SMB, mid-market, and enterprise investors seeking access to the Tehran Stock Exchange, Iran Fara Bourse (OTC), Iran Mercantile Exchange, and Iran Energy Exchange, with a headcount of 101–250 employees. Its sole operating geography is Iran, with no disclosed international footprint.

Name

NICI Brokerage

Legal name

کارگزاری سرمایه گذاری ملی ایران

Website

https://nibi.ir

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

NICI Brokerage (کارگزاری سرمایه‌گذاری ملی ایران) is a Tehran-based, SEO-licensed Iranian securities and commodities brokerage serving retail and institutional investors through 14 branches and multiple proprietary trading platforms spanning equities, commodities, energy, futures, and options.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Full-Service Brokerage (Wirehouse/Universal) (FSAEACAA)

akta.pro secondary industries

Institutional Brokerage & Agency Execution (FSAEACAC), Options Brokerage (FSAEACAI), Agency Equity Execution (Cash Equities) (FSACAFAA)

Keywords

• Securities brokerage services
• Stock exchange trading
• Commodity exchange trading
• Futures and options trading
• Market making services

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels4 records

Marketing channels2 records

Core offering

NICI Brokerage is a Tehran-based securities brokerage firm that provides trading and related capital market services across Iran's major exchanges, including the Tehran Stock Exchange, Iran Mercantile Exchange, Iran Energy Exchange, and OTC market. Its offerings include equities, commodity, and energy trading, futures and options, market making, company listing and admission, and margin/credit facilities, delivered via 14 branches, online (Nici Trader/Silver), mobile (Hamrah Plus), and offline trading channels.

Product overview

NICI Brokerage operates as an Iranian brokerage firm providing comprehensive investment services across multiple market segments. The company offers core brokerage services for stock exchange trading (بورس اوراق بهادار), commodity exchange (بورس کالا), and energy exchange (بورس انرژی) markets. Trading capabilities are supported through proprietary platforms including Nici Trader (online), Hamrah Plus (mobile), online trading, and offline trading systems. The firm also provides margin facilities, market making services, company listing assistance, and futures and options trading. The product ecosystem is supported by educational content and analytical reports through their Nici Negar service, enabling investors to access markets through online account registration without physical branch visits.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock Exchange Trading (بورس اوراق بهادار)
• Commodity Exchange Trading (بورس کالا) Brokerage service for trading commodities on the Iran Mercantile Exchange, primarily serving enterprises and institutional clients in commodity-related industries.
• Energy Exchange Trading (بورس انرژی) Brokerage service for trading energy products on the Iran Energy Exchange, primarily for institutional and corporate clients.
• Futures Trading (معاملات آتی) Brokerage service for executing futures contracts on Iranian exchanges for retail, mid-market, and enterprise clients.
• Options Trading (معاملات آپشن) Brokerage service for executing options contracts on Iranian exchanges for retail, mid-market, and enterprise clients.
• Market Making (بازارگردانی) Service providing continuous bid/ask liquidity in selected securities on the Iran Mercantile Exchange and Iran Energy Exchange, targeted at institutional and enterprise clients.
• Company Listing and Admission (عرضه و پذیرش شرکت‌ها) Advisory and intermediation service for companies seeking to list on the Tehran Stock Exchange or be admitted to the OTC market, helping issuers navigate SEO and exchange admission requirements.
• Margin / Credit Facility (دریافت اعتبار) Credit and margin facility extended to clients to finance securities and derivatives trading positions with the brokerage.
• Online Account Registration (ثبت نام غیر حضوری) Service enabling new clients to register and open a brokerage account online (non-attendance) to start trading across the firm's supported exchanges.

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Securities and Exchange Organization of Iran (SEO)coreOthersRegulatory body overseeing all brokerage activities. NICI Brokerage operates under the supervision and licensing of SEO, which sets rules and regulations for online trading procedures and market operations.
• Tehran Stock Exchange (TSE)coreOthersPrimary stock exchange where securities trading is facilitated. NICI Brokerage enables investors to trade listed securities on the Tehran Stock Exchange.
• Iran Fara Bourse (OTC Market)coreOthersIran Fara Bourse (Over-the-Counter Market) where listed and delisted company stocks are traded. NICI provides services for both conventional and negotiated market trading.
• Iran Mercantile Exchange (IME)coreOthersCommodities exchange facilitating trading of agricultural and industrial products. NICI Brokerage provides commodities trading services including spot, forward, and futures contracts.
• Iran Energy ExchangecoreOthersEnergy exchange for cash, standard parallel forward contracts, and option trading. NICI Brokerage facilitates energy market transactions.
• Central Securities Depository (CSD)minorOthersCentral Securities Depository of Iran responsible for securities registration and deposit services required for all trading activities.
• Association of Stock Exchange Brokers (SEBA)minorOthersIndustry association for stock exchange brokers in Iran. NICI Brokerage is a member of this professional association.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Saxo Bank: Multi-asset online broker offering equities, commodities, futures, options, and fixed income through web/mobile platforms with both retail and institutional services — closely comparable business model to NICI's full-service, multi-channel brokerage stack.
• Interactive Brokers: Global multi-asset electronic broker offering stocks, options, futures, forex, bonds, and commodities via proprietary platforms (Trader Workstation, mobile, web). Comparable as a technology-led, multi-product intermediary serving active traders.
• Plus500: Public multi-asset CFD and share trading broker serving retail clients globally via proprietary online platforms. Comparable in platform-led, commission-/spread-driven retail brokerage model.
• Hargreaves Lansdown: UK full-service retail investment platform offering execution, funds, ETFs, and research/analytical content (like Nici Negar) to a mass-affluent client base. Direct analog for a full-service retail broker that combines execution with proprietary research and education.
• IG Group: Listed broker offering multi-asset trading (equities, FX, commodities, options, futures) on web and mobile platforms. Comparable as a multi-asset retail/professional broker relying on commission and market-spread revenues.

Regional players

• Mellat Brokerage: Major Iranian broker offering trading on TSE, Iran Fara Bourse, IME, and Energy Exchange with online platforms and branch network. Comparable domestic full-service brokerage competing for the same retail and institutional flow.
• Pasargad Brokerage (Pasargad Investment Bank's brokerage arm): One of Iran's top-ranked licensed brokerages offering equities, futures, options, commodity, and margin trading via online platforms. Closest true in-market competitor with overlapping full-service product suite.

Broad incumbents

• Charles Schwab: Large diversified US retail and institutional brokerage with branches, mobile/web platforms, market commentary, and margin/lending. Analogous as a scaled incumbent combining physical and digital distribution with multi-asset offering.

Others

• Tehran Stock Exchange (TSE): The regulated securities exchange on which NICI Brokerage routes client orders. Not a competitor but the central market infrastructure partner whose performance and listing pipeline directly drive NICI's brokerage volumes.
• Iran Mercantile Exchange (IME): Commodity and derivatives exchange venue where NICI routes commodity, futures, and options flow. Critical ecosystem counterpart whose product expansion (futures, options) underwrites NICI's non-equity revenue growth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NICI Brokerage