Accounts and opening
Sections ↑At a glance01
PMEX application and opening fee
| Item | Published terms and scope |
|---|---|
| Entity | KTrade Securities Limited, formerly Khadim Ali Shah Bukhari Securities Limited.Source 2Source 5 |
| Opening fee | The commodity service page advertises zero account-opening fee.Source 2Source 5 |
| Estimate | Two to three days after documentation is complete.Source 2Source 5 |
| Account types | Regulatory hub separately links PMEX individual and corporate forms.Source 2Source 5 |
| Separation | The site’s PSX/Sahulat/Shariah stock-account forms are not automatically the PMEX agreement.Source 2Source 5 |
At a glance02
Identity, income and verification
| Item | Published terms and scope |
|---|---|
| Identity documents | Service page lists CNIC/SNIC/NICOP/ARC/POC/passport, as applicable.Source 2Source 3Source 6 |
| Financial evidence | Salary/business details, occupation evidence, bank statement and mailing/permanent address proof.Source 2Source 3Source 6 |
| Corporate evidence | The agreement’s enclosure list adds incorporation, board resolution, authorised directors, signatures and financial history.Source 2Source 3Source 6 |
| Client profile | The direct-funds manual requires the client to approve correct bank/profile details before funding or withdrawal requests.Source 2Source 3Source 6 |
Contracts and market exposure
Sections ↑At a glance03
Current form’s contract groups
| Item | Published terms and scope |
|---|---|
| Cash-settled | International metals, oil/gas, currencies, agricultural and index futures.Source 3 |
| Small contracts | Gold micro, silver 1 oz, WTI 1 barrel, copper 100 lb, platinum 0.5/1 oz and index minis/micros.Source 3 |
| Domestic delivery choices | Tola/milli-tola gold, rice and sugar are labelled cash/delivery in the form.Source 3 |
| Economic exposure | Currency and index futures are not bank foreign-currency deposits or ownership of the underlying shares.Source 3 |
Commissions and account charges
Sections ↑The October 2026 account form contains a newer product tariff than the prominently linked 2024 standalone sheet. Prices below are its per-lot, per-side broker commissions in PKR, before the stated 15% Sindh sales tax and separate exchange charges. The signed account schedule and live exchange specification take precedence over historic website examples.[3][4]
At a glance04
Gold, silver and platinum — October form
At a glance05
Energy and copper — October form
| Contract / size | Broker commission: PKR per lot per side |
|---|---|
| WTI: 1 / 10 / 100 / 1,000 barrels | 10 / 60 / 500 / 4,500Source 3 |
| Brent: 10 / 100 / 1,000 barrels | 60 / 500 / 4,500Source 3 |
| Natural gas: 1,000 / 10,000 MMBtu | 900 / 4,000Source 3 |
| Copper: 100 / 1,000 / 25,000 lb | 30 / 300 / 3,000Source 3 |
At a glance06
Financial contracts — October form
At a glance07
Agricultural and domestic examples — October form
At a glance08
Tariff notes and historical differences
| Item | Published terms and scope |
|---|---|
| Broker sales tax | October form states 15% SST in addition to KTrade charges.Source 3Source 4 |
| Exchange components | Form identifies PMEX fee, SECP/IPF, settlement-guarantee-fund and front-end charges; small contracts can differ from a general floor.Source 3Source 4 |
| CGT administration | Form cites an NCCPL annual service-charge range of PKR 100–15,000, dependent on annual turnover; this is not the CGT tax rate.Source 3Source 4 |
| Older fees | The 2024 sheet shows Nasdaq 250, S&P 125 and Dow 500; October form gives 300, 150 and 700 respectively.Source 3Source 4 |
Platforms, execution and margin
Sections ↑At a glance09
Margin, intraday treatment and liquidation
| Item | Published terms and scope |
|---|---|
| Standard margin | Form has varying percentages, subject to PMEX changes; no single fixed leverage ratio applies.Source 3 |
| Intraday | Form states half the regular margin with a 1% minimum; this applies to eligible intraday contracts, not every trade.Source 3 |
| Automatic close-out | Form states a 55% threshold for ordinary and intraday contracts.Source 3 |
| Parameter limitations | These are published account-form terms, not confirmation of the live server’s margin on every symbol.Source 3 |
At a glance10
Instructions, authority and records
| Item | Published terms and scope |
|---|---|
| Instructions | The form provides verbal or written instruction choices; a nominated authorised person requires documented authority.Source 3 |
| Broker discretion | The broker may act on instructions but may not obtain discretionary trading authority or use the customer’s password.Source 3 |
| Order duration | Orders normally lapse at the end of the exchange day unless instructed otherwise.Source 3 |
| Confirmation disputes | Report trade-confirmation errors within one business day under the published form.Source 3 |
At a glance11
Account closure and data handling
| Item | Published terms and scope |
|---|---|
| Normal closure | Mutual consent and at least one month’s prior written notice.Source 3 |
| Open obligations | Pending orders and settlements still complete; shortfalls remain payable.Source 3 |
| Regulatory data | KYC terms provide for CKO processing/verification and legally permitted disclosures.Source 3 |
| Other disclosure | The trading agreement requires permission for non-mandatory third-party sharing of account details.Source 3 |
Deposits and withdrawals
Sections ↑At a glance12
Direct funding and outdated bank instructions
| Item | Published terms and scope |
|---|---|
| Profile approval | The client must approve the correct bank/account profile before portal funding or withdrawal.Source 6Source 7 |
| Legacy manual | The still-linked manual names the former Meezan exchange account.Source 6Source 7 |
| Migration | PMEX’s March 2022 circular discontinued that facility and required the automated model.Source 6Source 7 |
| Current route | Use the customer-specific sub-collection account shown in the approved PMEX profile; do not copy the legacy bank number.Source 6Source 7 |
At a glance13
Withdrawals and bank-cost bands
| Item | Published terms and scope |
|---|---|
| Request | Legacy workflow routes a client portal request to the broker for approval.Source 6Source 3 |
| Validation and payment | It describes credit within two banking days after successful validation; current portal instructions control.Source 6Source 3 |
| October form IBFT costs | PKR 25 plus tax for PKR 1–100,000; PKR 45 plus tax for PKR 100,001 and above.Source 6Source 3 |
| Restrictions | The October form prohibits cash and third-party deposits.Source 6Source 3 |
Client assets and trading risks
Sections ↑At a glance14
Margin, default and customer liability
| Item | Published terms and scope |
|---|---|
| Daily settlement | Open and closed positions are marked to the daily settlement price; losses can trigger additional cash margin.Source 3 |
| Unpaid margin | Failure to meet the exchange deadline can suspend trading or trigger close-out.Source 3 |
| Broker default | The form prohibits using customer money to cover the broker’s own liabilities and provides for transfer or close-out of positions.Source 3 |
| Customer shortfall | Unpaid amounts, close-out costs and losses remain the customer’s liability; automatic liquidation is not negative-balance insurance.Source 3 |
Support and disputes
Sections ↑At a glance15
Records and dispute route
| Item | Published terms and scope |
|---|---|
| Records | Retain the signed application, commission attachment, order instructions, confirmations and bank evidence.Source 3 |
| Ledger | The form provides monthly statements and statements on request; it requires rapid reporting of discrepancies.Source 3 |
| Dispute forum | Unresolved exchange-trading disputes are referred to arbitration under PMEX rules.Source 3 |
At a glance16
Contacts and research access
| Item | Published terms and scope |
|---|---|
| UAN | 021-111-115-272.Source 2 |
| [email protected].Source 2 | |
| Head-office contact | Plot 33-C, Lane 13, Khayaban-e-Bukhari, DHA Phase 6, Karachi, as published on the service page.Source 2 |
| Research | The PMEX page advertises research-portal access and trader guidance.Source 2 |
Research and related services
Sections ↑At a glance17
Separate businesses and tools
| Item | Published terms and scope |
|---|---|
| PSX service | Stock trading, securities account forms and KTrade app/web tools appear elsewhere on the site.Source 2Source 5Source 3 |
| PMEX access | The futures account requires its own application and exchange credentials; stock-app availability does not establish PMEX feature parity.Source 2Source 5Source 3 |
| Advice responsibility | The futures agreement retains the customer’s decision responsibility and excludes discretionary broker trading authority.Source 2Source 5Source 3 |
Company and regulatory identity
Sections ↑At a glance18
Entity, market membership and dated registration
| Item | Published terms and scope |
|---|---|
| Contracting company | KTrade Securities LimitedSource 1 |
| PMEX TREC | 309Source 1 |
| SECP futures-broker registration | BRC-352; PMEX register marks the broker active at 21 October 2026Source 1 |
| Verification boundary | The dated exchange entry is independently indexed; full current register and any subsequent suspension or renewal could not be inspected.Source 1 |
At a glance19
Regulatory dates and identifiers
| Item | Published terms and scope |
|---|---|
| Futures registration | BRC-352 and PMEX member code 309.Source 3Source 1Source 8Source 2 |
| Newer exchange entry | October 21 indexed PMEX record marks KTrade active.Source 3Source 1Source 8Source 2 |
| Displayed certificate | Despite its 2025 upload path, the scanned certificate covers November 4, 2024–November 3, 2025.Source 3Source 1Source 8Source 2 |
| Separate securities membership | The service page identifies PSX TREC 248; it is not the futures member code.Source 3Source 1Source 8Source 2 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
KTrade Securities Limited
PakistanSource 1
No separate licence entry is recorded in this panel.
Important document qualifications
Sections ↑The October form’s aluminium-size row and some index/currency tick labels are internally inconsistent, so those fields are not transcribed as definitive specifications. Its CGT wording also differs from the older sheet; current tax treatment must be checked separately from broker commission. The current review does not certify the displayed historical licence as a new renewal.[3][4][8]
Sources & further reading
- PMEX licensed-broker register — 21 October 2026 (indexed official entry) Pakistan Mercantile Exchange
- PMEX service, onboarding, contacts and free opening KTrade Securities · Accessed 26 Oct 2026
- PMEX individual agreement, October 2026 edition, including updated tariff KTrade Securities · Accessed 26 Oct 2026
- Older standalone product specification, 2024 KTrade Securities · Accessed 26 Oct 2026
- Regulatory documents and separate PMEX application links KTrade Securities · Accessed 26 Oct 2026
- Legacy direct-funds manual, company-hosted Pakistan Mercantile Exchange, company-hosted copy · Accessed 26 Oct 2026
- PMEX migration to ADFM, March 29, 2022 Pakistan Mercantile Exchange, Enrichers-hosted copy · Accessed 26 Oct 2026
- Displayed historical SECP certificate SECP, company-hosted copy · Accessed 26 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.