PMEX is here to bring efficiency, enhance transparency, prevent unfair trade practices and align Pakistan’s commodity futures market with international best practices. To achieve the above objective, PMEX prescribes the following guidelines for clients of futures brokers from time to time.
Do's
Verify the authenticity of a Broker and its branches from the list of registered brokers from PMEX website (https://www.pmex.com.pk/pmex-broker)
Carefully read and understand the terms and conditions along-with Risk Disclosure Document
Ensure that all information is accurately filled in the Account Opening Form and a signed copy of the form is retained for future reference
In case of any change in information provided in the Account Opening Form, immediately communicate in writing to Broker
Only deposit payments to PMEX through cross cheque or online transfer from your own bank account registered with PMEX
Ensure that Broker sends daily, weekly, monthly account balance and activity statements to know the trade activity and cash balances in the trading account
Ensure that Broker sends SMS alerts for trades and cash movement in the trading account
Approach PMEX in case of any complaint that remains unresolved by the Broker
Don'ts
Do not deal with Brokers or their branches not registered with PMEX
Do not give wrong, contradictory or incomplete information in the Account Opening Form
Do not issue cross cheque pay order demand draft or any other instrument in the name of Broker, or any of its employee/authorized representative
Do not deposit payments in cash in your account
Do not deposit payments through third party cheque or online transfer from third party account
Do not get misled by alluring advertisements, rumors, hot tips or the promises of assured returns by the Brokers or their authorized representatives
PMEX is here to bring efficiency, enhance transparency, prevent unfair trade practices and align Pakistan’s commodity futures market with international best practices. To achieve the above objective, PMEX prescribes the following guidelines for clients of futures brokers from time to time.
