Do’s and Dont’s
- Do’s
Verify the authenticity of a Broker
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)
Risk Disclosure Document
Carefully read and understand the terms and conditions along-with Risk Disclosure Document
Information Accuracy
Ensure that all information is accurately filled in the Account Opening Form and a signed copy of the form is retained for future reference
Any Changes
In case of any change in information provided in the Account Opening Form, immediately communicate in writing to Broker
Deposit Payments
Only deposit payments to PMEX through cross cheque or online transfer from your own bank account registered with PMEX
Trade Activities
Ensure that Broker sends daily, weekly, monthly account balance and activity statements to know the trade activity and cash balances in the trading account
SMS Alerts
Ensure that Broker sends SMS alerts for trades and cash movement in the trading account
Complaint
Approach PMEX in case of any complaint that remains unresolved by the Broker
- DONT’S
Non verified
Do not deal with Brokers or their branches not registered with PMEX
incomplete information
Do not give wrong, contradictory or incomplete information in the Account Opening Form
Do not issue instrument to broken name
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
No Deposit in Cash
Do not deposit payments in cash in your account
No Deposit via 3rd party
Do not deposit payments through third party cheque or online transfer from third party account
Mislead information
Do not get misled by alluring advertisements, rumors, hot tips or the promises of assured returns by the Brokers or their authorized representatives
Don't share your credentials
Do not share personal ID and password provided by the Exchange with the Brokers or their authorized representatives
No Trade balance via SMS
Do not surrender the right of receiving cash and trade balances reports via email and SMS
Risk Disclosure Document
Do not start trading before reading and understanding the Risk Disclosure Document provided by PMEX
No Deposit to broken
Do not give deposit by whatever name called, to any Broker or any of its employee/ authorized representative against fixed or guaranteed returns on deposits as the same is illegal and any claim in respect of such deposits would not be considered/entertained by PMEX
