Here is an extended version of frequently asked questions, learn more about BCM and PMEX
We have customized educational program for clients from different backgrounds. It includes the following: Training seminars, Mock trading sessions, Group discussions, Educational webinars, written literature etc.
For further questions please email us at email@example.com
No, there are no charges for opening a trading account with BCM. Also, we don't charge any account maintenance charges as well. Below is a detailed video to process a trading account with BCM
You will transfer Funds / Initial Margin directly to PMEX using the Automated Direct Funds Model (ADFM).
You will place a funds withdrawal request by logging into your "Client Portal". When your withdrawal request has been approved by BCM, PMEX will directly credit the withdrawal amount to your "Client Profile" approved designated bank account, within 2 banking days.
If you transfer funds online to your PMEX bank account within banking hours (9 AM to 5 PM), the amount will be allocated to your trading account on the same day. It normally takes about 30-60 minutes.
In case you transfer funds to the PMEX bank account after banking hours, the amount may be allocated to your trading account on the following banking day.
If you use a cheque as the mode of deposit, funds will be credited to your trading account after the cheque has been cleared from your bank account and the funds have been received in a designated bank.
Like the stock market online trading system, commodity exchanges are also traded on online trading system. It is an order-driven, transparent trading platform, which is reachable to the various participants through the internet.
Under the Direct Funds Model, the role of the broker in receiving or disbursing your funds has been fully excluded. Now, you will deposit funds directly in a PMEX bank account. Similarly, your withdrawals will be credited by PMEX directly to your designated bank account specified in "Client Profile".
You have round-the-clock access to your General Ledger, which is accessible via Client Portal. It contains the details of every deposit and withdrawal/deduction from your trading account, along with the account head.
The minimum recommended account size is Rs.300000. The Ideal account size is between Rs.500, 000 to 10, 00000. As soon as you attain sufficient experience, the account size can be enhanced to any level according to your risk appetite and trading style.
All active clients shall receive daily technical and fundamental reports, breaking news and instant signals in all major Commodities, Currencies, Energies and Indices on a daily basis. For your convenience, we have a website (blink.com.pk) and a YouTube channel by the name of Blink Capital Management (Pvt.) Ltd. these contains a wide range of informative articles and instructional videos.
With an investment of Rs.10 lac, without assuming too many risks, a net return of Rs.3-5% can be generated per month. Actual returns may vary depending on your trading temperament and risk preferences. The rate of return on futures trading is directly proportional to risk.
Yes, PMEX has introduced a state-of-the-art international trading platform known as MetaTrader 5. This platform enables traders to fully manage their accounts across PCs, Smartphones and Tablets (Android and iOS-based).
Each individual can open and maintain 1 trading account with each PMEX broker. You can open a trading account with as many PMEX-registered brokers as possible.
Yes, US Equity Indices which include the DOW Jones Industrial Average (DJIA), Standard and Poor's 500 (S&P 500) and NASDAQ 100 can be traded through PMEX. This is an excellent opportunity for local stock traders as US equity indices are far more reliable than the local stock exchange (PSX).
Simply, open your trading account with Blink Capital Management, the registered Broker with Pakistan Mercantile Exchange (PMEX) and start your trading journey.
We have designed a very competitive commission structure for our clients. Commission is charged on both sides of the trade; (Buy and Sell). The commission is charged irrespective of whether the trade results in profit or loss. Our commission structure is available to download on our website. (www.blink.com.pk).
Position in any contract can be held till its pre-defined expiry date. There are no charges for carrying the position over to the next working day or any number of days. However, once you switch your position from one contract to the other, then charges will apply. This generally happens when a trader switches the position from an expiring contract to a freshly opened contract.
All charges become due only once you execute a trade in your account. This is the break-up of charges:-
PMEX Fee - Charged Per Lot, Each Side (Buy and Sell) in Rupees.
BCM Commission - Charged Per Lot, Each Side (Buy and Sell) in Rupees.
Capital Gains Tax (C.G.T) on Gross Profit - 5% in case of Filer and 10% in case of Non-Filer
Tariff on C.G.T Related Services - Depends on Net Traded Value (Rs.250 to 10,000) per Fiscal Year
It is the small percentage of the contract value required to be deposited by the client on the exchange at the time of initiating any new buy or sell position. This must be maintained throughout the time their position is open and is returnable at delivery, exercise, expiry or closing out.
Pakistan Mercantile Exchange (PMEX) is being regulated by the Securities and Exchange Commission of Pakistan (SECP).
Commodities are the real wealth; they are more liquid than shares and comparatively more reliable fluctuations for consistent returns.
The clients’ funds are allocated directly from his/her registered bank account to the trading account at PMEX through Direct Fund Model (DFM)