u/moeez023

Switching from Sahulat account to Finqalab – need guidance

Hey guys,

I currently have a Sahulat brokerage account with a local broker, and honestly the experience has been pretty bad. No proper app, and I literally have to call them every time I want to place a trade… which is just not it.

I want to switch to Finqalab so I can actually manage everything myself through the app.

Here’s the issue:

- I downloaded the Finqalab app

- It won’t let me open a Sahulat account because I already have one

- It also won’t let me open a normal account because I already have a Sahulat account

I’ve already emailed and called my broker to close my Sahulat account, currently waiting on that.

A few questions for anyone who’s been through this:

  1. Once my Sahulat account is closed, how long does it take to open a Finqalab account?

  2. Is there anything specific I need before applying (documents, income proof, etc.)?

  3. Should I go for a normal account directly instead of Sahulat?

Would really appreciate any help or personal experiences — this whole process is way more confusing than it should be.

Thanks!

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u/moeez023 — 22 hours ago