BMA Trade is the retail securities service of BMA Capital Management Limited. Classic supplies client-operated trading with call-centre support; Premium adds a trader. Its published procedures explain order routing, cash withdrawals and securities transfers, while the approved account tariff and margin schedule determine pricing and borrowing capacity.[1][6][4][2][12]
Broker essentials01
BMA Capital Management Limited at a glance
| Measure | Value | Context |
|---|---|---|
| Legal operator | BMA Capital Management Limited | Source 12 |
| Retail brand | BMA Trade | Source 1Source 2 |
| PSX identity | TREC 022; active trading and self-clearing in the 11 June 2026 register | Source 12 |
| CDC participant | 01826 | Source 5Source 4 |
| Account choices | Classic, Premium and Sahulat | Source 2 |
| Retail contact | +92 21 111 262 872; [email protected] | Source 11 |
| Head office | Level 8, Unitower, I.I. Chundrigar Road, Karachi | Source 11 |
Accounts and eligibility
Sections ↑At a glance02
Account models
| Topic | Details |
|---|---|
| Classic | Client-operated digital trading with call-centre support.Source 2 |
| Premium | Trader assistance alongside web, desktop and mobile access.Source 2 |
| Sahulat | Simplified documentation for the eligible account category, with its regulatory product/position restrictions.Source 2 |
| Common services | The account page describes research, digital access and next-day/off-hours order submission; exchange acceptance still governs execution.Source 2 |
At a glance03
Correcting the Sahulat limit
| Topic | Details |
|---|---|
| Current exchange announcement | PSX increased the account limit to PKR 3 million on 2 April 2026.Source 13 |
| Multiple brokers | Eligible individuals may hold Sahulat accounts with different brokers, with one Sahulat account per broker.Source 13 |
| Older BMA page | The PKR 800,000 figure on BMA’s account page should not be used as the current regulatory ceiling.Source 2Source 13 |
| Other restrictions | PSX’s announcement leaves the other applicable Sahulat conditions unchanged.Source 13 |
At a glance04
Opening evidence and verification
| Topic | Details |
|---|---|
| Identity | Valid identity documents for the applicant and relevant joint holder/nominee.Source 2Source 3 |
| Income | Employment/business and income evidence as applicable.Source 2Source 3 |
| Bank and address | Bank details and evidence of address if it differs from the identity document.Source 2Source 3 |
| Verification | The account instructions describe biometric verification and a mobile SIM in the holder’s name; overseas cases follow the applicable exemption/attestation process.Source 2Source 3 |
| Authority | A properly documented authority is needed where someone other than the applicant acts on the account.Source 2Source 3 |
At a glance05
Changing Classic or Premium
| Topic | Details |
|---|---|
| Form | Complete and select the required account package.Source 4 |
| Signatures | The account holder and any joint holders sign.Source 4 |
| Submission | Send by courier or email a scanned signed form from the registered email address.Source 4 |
| Effect | The requested package change is an account-servicing process, not a new legal brokerage company.Source 4 |
Markets and investments
Sections ↑At a glance06
Securities and service scope
| Topic | Details |
|---|---|
| PSX shares | Core retail exchange dealing through the BMA platforms.Source 2Source 10 |
| Odd lots | The FAQ describes selecting ODL in the market field for applicable odd-lot dealing.Source 4 |
| Deliverable futures | The FAQ discusses this market and associated margin/rollover arrangements; eligibility and current terms apply.Source 4 |
| Institutional and treasury services | BMA’s group page lists equity markets, treasury markets and corporate finance as separate business activities.Source 1 |
At a glance07
Overseas and corporate routes
| Topic | Details |
|---|---|
| Roshan Equity | PSX includes BMA among the participating brokers for the eligible Roshan route.Source 17 |
| Institutional clients | The group description includes institutional equity execution and research.Source 1 |
| Corporate finance | Advisory and capital-market assignments use separate mandates.Source 1 |
| Retail scope | The presence of treasury or group fund services does not establish a universal retail global FX/CFD account.Source 1Source 2 |
Fees and trading costs
Sections ↑At a glance08
Published prices require careful dating
| Topic | Details |
|---|---|
| Current commission | A complete current commission for every Classic/Premium account is not established by the reviewed public pages; the signed tariff is needed.Source 2Source 4 |
| Opening deposit | The published individual AOF contains a PKR 5,000 funding instruction; the document is labelled September 2022, so it should not be treated as a verified universal 2026 threshold.Source 8 |
| Legacy custody/UIN figures | The FAQ includes old annual charges and historical tax material. Those values are not presented here as a current total.Source 4 |
| Financing | A separate approved financing rate, rollover basis and collateral schedule are needed for a leveraged account.Source 7Source 4 |
At a glance09
Cost records and changes
| Topic | Details |
|---|---|
| Signed tariff | PSX’s guide requires the agreed commission, fees and other charges to be documented.Source 15 |
| Itemised evidence | Check the contract note and ledger for commission, taxes and regulatory/clearing charges.Source 15 |
| Broker changes | PSX’s guide calls for at least 30 days’ notice of broker tariff changes.Source 15 |
| Regulatory changes | Statutory or regulatory changes are communicated within seven working days under that guidance.Source 15 |
At a glance10
Cash retained in the account
| Topic | Details |
|---|---|
| Withdrawal condition | The FAQ states a PKR 1,000 minimum maintenance cash balance policy.Source 4 |
| Other deductions | Settlement obligations and capital-gains-tax liability also affect the stated withdrawal amount.Source 4 |
| Where to view it | The FAQ directs clients to Portfolio → Margin Detail View for the cash-withdrawal limit.Source 4 |
| Fee distinction | A retained cash balance is not the same as a non-refundable service fee; the applicable account conditions govern.Source 4 |
Platforms and order handling
Sections ↑At a glance11
Platform availability
| Topic | Details |
|---|---|
| Web | Browser-based terminal for account access and dealing.Source 2 |
| Desktop | The download index lists Windows and Mac terminal routes.Source 9 |
| Mobile | Android and iPhone routes are listed.Source 9 |
| Assisted | Premium supplies an assigned trader; the call centre also supports order matters.Source 2Source 4 |
At a glance12
Features in the current Android listing
| Topic | Details |
|---|---|
| Sign-in | Biometric fingerprint login is advertised.Source 10 |
| Market depth | Market-by-order and market-by-price views.Source 10 |
| Practice | A virtual-trading feature for practice without placing a live funded trade.Source 10 |
| Support | In-app online chat support.Source 10 |
| Trading and portfolio | Live market data, portfolio management and order placement.Source 10 |
At a glance13
What happens after an order is submitted
| Topic | Details |
|---|---|
| Broker checks | BMA records the instruction and tests cash and margin limits.Source 6 |
| Exchange submission | An accepted instruction is forwarded to the exchange order book.Source 6 |
| Acknowledgement | The pending order appears after exchange acknowledgement; the web terminal may require refresh.Source 6 |
| Execution | An exchange fill creates a trade record and reduces the outstanding quantity.Source 6 |
| Completion | A fully executed order leaves the outstanding-order view.Source 6 |
At a glance14
Disconnection and emergency cancellation
| Topic | Details |
|---|---|
| Missing confirmation | A broken connection can prevent a fill or acknowledgement from displaying.Source 6 |
| Refresh | Reconnect and refresh the order/trade book to update the position.Source 6 |
| Uncertain status | Call the broker’s help desk to verify status before repeating the instruction.Source 6 |
| System failure | The published procedure allows requesting cancellation through the help desk; an already executed trade is not undone by a later cancellation request.Source 6 |
At a glance15
Margin figures are not interchangeable
| Topic | Details |
|---|---|
| Account marketing | Classic/Premium marketing says leverage up to five times.Source 2 |
| Older futures FAQ | Its example describes four times exposure and uses dated 2016 contract illustrations.Source 4 |
| Margin page | The separate page lists 30% general margin, 100% delivery-order margin and 33% futures-order margin.Source 7 |
| Applicable limit | These are different and partly undated statements. Use the currently approved market/account limit and eligible-collateral haircut rather than one universal ratio.Source 7Source 2Source 4 |
Funding, withdrawals and custody
Sections ↑At a glance16
Bank funding
| Topic | Details |
|---|---|
| Online transfer | The FAQ supports IBFT from the client’s bank to BMA’s designated account.Source 4 |
| Reference | Send the banking confirmation from the registered email address with the BMA user ID.Source 4 |
| Cheques | The service process requires a crossed instrument in the legal company’s name and bank clearance.Source 5 |
| Conflicting cash wording | One FAQ mentions limited cash deposits while the process page says no cash is accepted. The clear supported route is verified banking, with current instructions confirmed by BMA.Source 4Source 5 |
At a glance17
Withdrawal request
| Topic | Details |
|---|---|
| Menu | Choose Cash Withdrawal in the Trading Menu.Source 4 |
| Payment choice | Select bank transfer or cheque delivery.Source 4 |
| Amount | Enter the amount and submit, within the available withdrawal limit.Source 4 |
| Alternative request | The process page also allows email or a signed letter to customer service.Source 5 |
| Timing | The account page advertises prompt transfers but does not provide a universal guaranteed bank-credit deadline.Source 2 |
At a glance18
Settlement and custody
| Topic | Details |
|---|---|
| Eligible PSX trades | T+1 settlement applies from 9 February 2026.Source 14 |
| CDC participant | BMA Capital Management’s published participant ID is 01826.Source 5Source 4 |
| Incoming transfer | Use the destination CDC sub-account details and provide the transfer reference/user ID to BMA.Source 5 |
| Outgoing transfer | The process page requires written instructions under the CDC framework.Source 5 |
At a glance19
Physical share conversion
| Topic | Details |
|---|---|
| Ownership | Shares should first be registered in the client’s name if they are held in another name.Source 4 |
| Documents | The FAQ requests certificates, verified transfer documents, a securities-deposit form, identity evidence and a signed covering letter.Source 4 |
| Registrar | Conversion involves the issuer/registrar before holdings are reflected electronically.Source 4 |
| Timing conflict | The account page advertises five to ten working days; the FAQ says ten to fifteen and makes completion subject to the registrar. Neither is a universal guaranteed completion time.Source 2Source 4 |
At a glance20
Records, idle cash and closure
| Topic | Details |
|---|---|
| Client history | BMA Stock Mate/Analytics is described as providing account history and portfolio information.Source 2 |
| Unused cash | The account page advertises profit on idle funds; PSX’s guide requires passing on bank profit unless the client opts out in writing.Source 2Source 15 |
| Closure form | The download index supplies an account-closure request.Source 9 |
| Transfer paperwork | Bank-transfer, share-transfer and information-update forms are separately provided.Source 9 |
Regulation and investor protection
Sections ↑At a glance21
Regulatory and legal identity
| Topic | Details |
|---|---|
| PSX | The June 2026 register identifies TREC 022 as active trading and self-clearing.Source 12 |
| Company | BMA Capital Management Limited; incorporation identifier 0026747 in the register.Source 12 |
| Retail brand | BMA Trade is the trading service described by the company.Source 1 |
| Custody | CDC sub-account records are separate from an app’s market-value display.Source 5Source 15 |
At a glance22
Risk controls and client responsibility
| Topic | Details |
|---|---|
| Additional margin | BMA’s margin page allows an additional call within one business day.Source 7 |
| Collateral | Cash or approved securities, with the broker’s valuation and transferability requirements.Source 7 |
| Liquidation | The published conditions permit liquidation of outstanding positions when required margin is not maintained.Source 7 |
| Losses | The page expressly warns that losses can exceed the account size.Source 7 |
At a glance23
Broker-default compensation
| Topic | Details |
|---|---|
| Eligibility | A claim must be admitted following a PSX declaration that the stockbroker is in default.Source 16 |
| Recoveries | Assets recovered from the broker are applied before the CCPF payment process.Source 16 |
| Standard amount | Up to PKR 1 million per admitted claimant, under the scheme rules.Source 16 |
| Pool rule | If the total based on that limit is below PKR 35 million, the difference is allocated pro rata to partially settled claimants.Source 16 |
| Market risk | CCPF is not insurance against a fall in the price of shares or loss on a trading strategy.Source 16 |
At a glance24
Account security and recovery
| Topic | Details |
|---|---|
| Password reset | The FAQ requires a request from the registered email address, followed by verification.Source 4 |
| Credential protection | The online-account terms require prompt reporting of loss, theft or unauthorised use of account credentials.Source 8 |
| Mobile biometrics | Fingerprint login is an app feature; it does not remove the account holder’s credential responsibilities.Source 10Source 8 |
| Contact changes | Use the account-update process for changes to registered details.Source 9 |
Support and complaints
Sections ↑At a glance25
Published customer-service routes
| Topic | Details |
|---|---|
| Telephone | +92 21 111 262 872.Source 11 |
| [email protected].Source 11 | |
| Opening assistance | WhatsApp/contact number +92 321 2111245.Source 2Source 11 |
| Head office | Level 8, Unitower, I.I. Chundrigar Road, Karachi.Source 11 |
| Published hours | Monday–Friday, 9:00am–6:00pm, with the stated Friday break from 1:00pm–2:00pm.Source 11 |
At a glance26
Trade disputes and escalation
| Topic | Details |
|---|---|
| Unexpected trade | The FAQ directs clients to call during market hours immediately so BMA can investigate.Source 4 |
| Rectification | Any correction follows the exchange’s trade-rectification rules; it is not a discretionary reversal of a valid loss-making trade.Source 4 |
| Supporting records | Keep the instruction, acknowledgement, contract note, cash ledger and CDC alerts.Source 15Source 6 |
| External routes | BMA’s process page links PSX complaint procedures and SECP investor complaints.Source 5 |
Research and additional services
Sections ↑At a glance27
Research and learning tools
| Topic | Details |
|---|---|
| Research portal | Clients can access BMA research and receive reports through the registered email address.Source 5 |
| Analytics | BMA Analytics/Stock Mate covers account history, holdings and market/sector/company information.Source 2 |
| Manuals | The download centre lists English and Urdu guides and a pending-order cancellation procedure.Source 9 |
| Practice | Virtual trading is described in the current mobile app.Source 10 |
Company and group structure
Sections ↑At a glance28
BMA group and broker
| Topic | Details |
|---|---|
| History | The group says it began operations in 1992.Source 1 |
| Brokerage arm | BMA Capital Management Limited is described as the flagship brokerage company.Source 1 |
| Other business lines | Treasury, corporate finance/advisory and financial-product distribution have separate service scopes.Source 1 |
| Asset management | The group page identifies BMA Funds as an asset-management arm; a fund investment is a different relationship from a BMA Trade securities account.Source 1 |
- Headquarters
- Pakistan
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
BMA Capital Management Limited
No separate licence entry is recorded in this panel.
Practical considerations
Sections ↑At a glance29
Practical account comparison
| Topic | Details |
|---|---|
| Service choice | Classic suits self-directed execution; Premium adds a trader relationship.Source 2 |
| Current limit | Use the 2026 Sahulat amendment rather than the older number on BMA’s marketing page.Source 13Source 2 |
| Outage handling | The published recovery procedure explains how to reconcile uncertain orders and contact the dealing desk.Source 6 |
| Pricing and leverage | Obtain the account’s current written figures because the public pages contain dated and conflicting examples.Source 4Source 7Source 2 |
Classic and Premium differ chiefly in trader assistance. For either account, compare the signed commission and approved margin terms, and retain the order-recovery instructions for checking a trade after a disconnection. The current Sahulat limit is PKR3m per account; the older PKR800,000 marketing figure is superseded.[6][13][7][4][2]
Sources & further reading
- BMA group and brokerage-company background BMA Capital Management · Accessed 27 Oct 2026
- Classic, Premium and Sahulat account features BMA Trade · Accessed 27 Oct 2026
- Digital opening: required documents BMA Trade · Accessed 27 Oct 2026
- Account changes, funding, withdrawals, recovery and legacy charges BMA Trade · Accessed 29 Oct 2026
- Customer processes, custody transfers and research BMA Trade · Accessed 27 Oct 2026
- Order execution and disconnection procedure BMA Trade · Accessed 29 Oct 2026
- Published margin-deposit conditions BMA Trade · Accessed 29 Oct 2026
- Individual account agreement, document labelled 23 September 2022 BMA Capital Management · Accessed 27 Oct 2026
- Current download index: apps, manuals and servicing forms BMA Trade · Accessed 27 Oct 2026
- BMA Trade Mobile official Android description BMA Capital / Google Play · Accessed 27 Oct 2026
- BMA Trade customer-service contacts BMA Trade · Accessed 27 Oct 2026
- PSX TREC register dated 11 June 2026 Pakistan Stock Exchange · Accessed 29 Oct 2026
- Sahulat reforms announced 2 April 2026 Pakistan Stock Exchange · Accessed 29 Oct 2026
- Completed T+1 transition, effective 9 February 2026 Pakistan Stock Exchange · Accessed 29 Oct 2026
- Investor guide: tariff, money, securities and records Pakistan Stock Exchange · Accessed 27 Oct 2026
- Centralized Customers Protection Compensation Fund Pakistan Stock Exchange · Accessed 29 Oct 2026
- Roshan Equity Investment participating brokers Pakistan Stock Exchange · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.