AKD Securities: accounts, charges, trading and client protection

AKD Securities offers Pakistani exchange-traded shares and a separately selected commodity-futures account. Its digital application makes the choice explicit: PSX stocks or PMEX commodities. The futures route includes metals, energy and currency contracts through MT5; clients fund and operate these services separately.[1][8][10]

Applicants provide identity, bank and income evidence; nonresident and joint accounts need additional verification. The form separates broker subaccounts from CDC Investor Accounts and direct settlement.[3]

AKD’s equity service page says PKR1,000 in cash and securities is required to keep an account active, while its funds-transfer document says PKR5,000. Those are inconsistent continuing-balance instructions, rather than two clearly defined plans. Obtain the applicable minimum before a near-total withdrawal; neither statement establishes a periodic inactivity charge.[2][5]

View full spreads & trading costs

The futures risk disclosure permits daily mark-to-market adjustments, further margin calls and forced liquidation. Losses can exceed the amount initially deposited, and the customer remains liable for a deficit. A stop order may fail to limit loss at the chosen price in an illiquid or fast market. Obtain the live contract margin and expiry terms; legacy leverage multiples in the commodity FAQ are not a dependable current limit.[11]

For 1,000 shares priced at PKR100, the commission calculation is PKR150 on a delivery-side trade. At 15% Sindh sales tax on that brokerage, another PKR22.50 applies, before other applicable charges.[4][26]

The linked form still refers to the older 13% tax. Its custody figures are base charges; use the current applicable tax schedule when reconciling a bill.[3][26]

Roshan materials describe an included brokerage package but also identify NCCPL clearing charges payable through CDC. Request the Roshan-specific breakdown rather than assuming that the ordinary equity commission is the entire cost or that every third-party charge is included.[7][6]

The TradeCast manual describes limit-price entry and a separate order/trade view. Check whether an order is still pending before trying to amend or cancel it; a cancellation request does not reverse an execution already completed. Current account and venue controls determine acceptable size, price and validity.[16]

AKD publishes a specific internet-trading failure procedure: call its KATS operator to establish pending-order status, cancel or amend an order, or place a new one. The numbers are +92 21 111 253 111 and +92 21 111 253 253. Preserve the order reference and obtain the operator’s acknowledgement; the procedure covers connectivity or system failure at either side, rather than promising automatic cancellation.[14]

NCCPL confirms that eligible PSX trades moved to T+1 on 9 February 2026, with that day’s trades settling on 10 February. This supersedes older AKD pages that describe T+2 for ordinary ready-market trades. A trade’s settlement day is distinct from the broker’s withdrawal processing and bank-credit time.[25]

Commodity contracts quoted in US dollars are accounted for in rupees under the exchange’s conversion conventions. AKD’s commodity FAQ refers to the preceding SBP closing rate. That explains the conversion basis presented to clients, rather than giving them a freely spendable USD wallet; the live contract and exchange specification determine the amount actually debited.[9]

The PSX company record describes AKD Securities Limited as SECP-licensed for securities brokerage, issue consultancy and underwriting, and as holding PSX trading rights and PMEX membership. PMEX’s dated 9 January 2024 broker list identifies AKD under TREC 075 as active, with licence BRC-024. That historical list is not represented here as a freshly checked 2026 renewal certificate.[22][24]

AKD names a compliance contact on its complaints page and links the relevant exchange routes. Take a share-market dispute to the PSX investor-complaint process and a PMEX dispute to the commodity exchange’s process after first approaching the firm. Keep the order record, statement, bank evidence and written complaint together. The published channels do not establish a measured resolution time.[20][28]

PSX’s September 2026 broker tables place AKD first for active accounts, second for new UINs and traded volume, and third for traded value over 1–30 September. These are distinct activity measures for one month, rather than a claim to lead every segment of Pakistan’s brokerage market.[23]

The present listed company was incorporated in October 2000 and began operations in January 2003. The earlier AKD brokerage merged into BIPL Securities under a court-sanctioned scheme in 2022; the surviving company adopted the AKD Securities name on 22 July 2022. Earlier BIPL-branded forms and AKD predecessor licences therefore need entity and date checks before being applied to a current account. The head office is in Clifton, Karachi.[29][22]

Headquarters

Karachi, Pakistan

Founded

Current company incorporated in 2000; AKD name adopted in 2022