If you are planning to get your hands in stock exchange and invest, then you need to have a good broker. Though there are many helpful brokers who help and guide you in every way, there are also some scams which you need to be aware of. Before handing over any kind of money to the broker, do your research and make sure that the broker concerned has not been a part of any scam in the past. Also, make sure to check and compare different aspects of what they offer such as available markets, fees, deposit and withdrawal options, trading platforms, and products. Then select the broker that provides excellent services in multiple areas. To help you find the best stock broker in Pakistan, I have compiled a list of the best well known brokers in Pakistan who will provide you with all kinds of guidance to walk you through every step.
Things to Keep in Mind While Choosing Stock Broker:
Look for the following features in the PSX broker you choose for entering in the Pakistan Stock Market.
- Good Quality Investment advice.
- Ease of communication and understanding of the defined investment objectives.
- Availability of online trading facility.
- Availability of research for choosing stocks and sectors.
- Possibility to pick up your account related documents by the brokerage firm.
- Possibility to courier your account related documents to your address by the brokerage firm.
Best Stock Broker in Pakistan
AKD Securities Limited:
AKD Securities Limited has been active in the broking industry for more than 12 years. It is headquartered in Karachi with branches in six major cities across Pakistan. Its major focus is on the arrangement of value business administrations taking into account homegrown retail and high total assets customers, unfamiliar merchant vendors and neighborhood foundations. It also offers corporate warning types of assistance.
AKD Securities Limited is a completely owned auxiliary of Aqeel Karim Dhedhi Securities through immediate and advantageous proprietorship. They account for over 6% of the average daily value of the Karachi Stock Exchange and have more than 6,000 customers with the largest market share.
Adam Securities Limited is one of the fastest developing broking traders and investment firms in Pakistan. It is a complete administration monetary firm dedicated to assisting their customers with pursuing their monetary objectives. It offers a wide scope of monetary items and administrations to individuals. They are better ready to recognize your objectives and settle on choices to help contact them through the sound financial data and information.
They have a brilliant history combined with commitment to accomplish its goals efficiently to achieve first class status among their contenders. The management centers around its center abilities on all parts of capital business sectors including Online Trading and Equity.
Pearl Securities Limited was established in 2000 and began its operation with utmost efficiency. It has accomplished acknowledgment in the stock market because of its highly qualified and progressive administration. To do trading with Pearl securities, you will need a minimum deposit of PKR 50,000. However, if you deposit PKR 100,000, you will be able to do trader backed trading. Their online app allows you to trade on the MT4 platform with its customizable content and basic designs which allows you to set up your screens according to your needs.
Azee Securities Limited is a corporate member of the Pakistan Stock Exchange established in 2003. It is one of the leading retail brokerages in Pakistan. In addition to providing its client access to stocks, it also offers commodities, IPOs, mutual funds and other financial products. Azee Securities is a broker that thrives on research and data mining. The analytics provided by Azee provide the best guide to make investment that results in profit. They provide logical and well researched data to its account holders to let them know about the proper deals in trading stocks on a daily basis.
BMA Group was established in 1992 in Pakistan which makes it one of the oldest and top monetary gatherings in Pakistan. BMA Capital Management Limited fills in as a full scale monetary administration firm. They rate high on the PSX credit rating. Their credit clue and research has always been great but the lack of a proper trading portal puts them at a disadvantage. BMA uses a standard ViTrade Platform which has all the basic necessities and features for the normal customers. This platform is also shared by other PSX brokers which can be a bit complex.
Arif Habib Limited:
Arif Habib Limited is one of the largest brokerage firms in Pakistan. It was established in 1970 which makes it the oldest broker in Pakistan Stock Exchange. They have been the leading brokers and investment banking services for more than 40 years. They have a strong base team that provides exemplary service. Stock Market has rated this broker a “AA” JRC-Rating. Their trading platform is pretty simple but has an intuitive design. Some of the key features of the platform are drawing tools, market stream changes, headlines and new updates.
Foundation Securities has a corporate enrollment of Pakistan Stock Exchange. It was established in January 2005. It is a full help value broking and venture banking firm. The rating of Foundation Securities has recently dropped to A- because they lack some proper across the line deals and credit deals. It allows trading to both local and international customers. Their trading platform has amazing features which allow you to deposit and withdraw using the app. It also provides your updates, latest news, check trade scores, save watchlists and check details of the big gainers and losers at the end of the day.
IGI securities was established in 1994 in Pakistan. It is a well reputed agency with the tone of insight, integrity, innovation and the highest ethical standards in the investment community. The agency falls under the umbrella company named IGI Holdings Limited which is a holder of TREC Pakistan Stock Exchange and a corporate member of Pakistan Commodity Exchange. IGI Securities Limited doesn’t rank high on the PSX rating because of the few number of higher level companies associated with them which also decreases their sway in the market to some extent. Still, it is one of the best brokerage agencies to consider for opening your account.
IQ Option is the best online broker for options trading. It is well known for its fast trade execution, intuitive trading platform, low spreads and great customer support. It is an intuitive and very easy to use platform. It offers the traders a variety of tradable assets such as forex, cryptocurrencies, commodities, stocks ETF’s, binary and digital options. It has competitive fees and spreads and most withdrawals and deposits are free of charge. You will require a minimum deposit of $10 to start trading here.
AVATrade offers a broad variety of tradable instruments and average-to-competitive spreads. Most of the traders who use this platform are Contract for Difference over stocks and currency pairs. They allow you to trade options and a dozen cryptocurrencies. Deposits and withdrawals here are free of cost. You can open an account at AVATrade for $100. There will be charges of overnight financing and inactivity. If you have an account with AVATrade, you will get access to a broad variety of videos, courses and market analyses.
Hamza Subhan is a digital content director at Price In Pakistan. He lives in Lahore. He keeps an eye on every new item in the markets of Pakistan and his hand on the pulse of Pakistani people to provide them with the information that they need about the product. He has a bachelor’s degree in Electrical engineering from UET Lahore. His keen passion for the latest technology, gadgets, and knowledge about electrical appliances led him to launch Price In Pakistan. He is the main hand behind the articles related to electrical home appliances and gadgets. When he is not looking out for the new technology and writing about it, he is playing guitar and singing for his friends.