Prohibition of Dealing in Cash / Deposit

In compliance with the directives issued by the Securities & Exchange Commission of Pakistan (SECP) and Pakistan Mercantile Exchange (PMEX), all brokers are strictly prohibited from engaging in the following practices:

Prohibited Practices
The following actions are not allowed under SECP and PMEX regulations:

Accepting any form of cash deposit from clients
Receiving direct deposits or funds from clients outside the PMEX-approved channels
Offering or promising fixed or guaranteed returns
Accepting cheques, pay orders, or drafts in the name of the broker or its employees
Requesting clients to share their User ID or Password

Mandatory Disclosures by Brokers
All brokers must prominently display the following information at their offices, on their official websites, and across social media platforms:

Valid membership/license details
Clear notice on the prohibition of cash dealing and fixed return promises
Educational material such as Do’s and Don’ts for clients
Guidance regarding the Direct Fund Model, where funds are transferred directly to PMEX
Instructions for lodging a complaint with PMEX if issues are not resolved by the broker