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No Regulation
Score
1.56 /10
Danger
Asad Mustafa
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.37
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2025-12-05
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Asad Mustafa Review Summary | |
| Founded | 2013 |
| Registered Country/Region | Pakistan |
| Regulation | No regulation |
| Trading Product | Equity |
| Minimum Deposit | Rs. 10,000 |
| Customer Support | Tel: 042-36304447, 042-36300447 |
| Email: am.securities601@gmail.com | |
| Address: Room No. 305, 3rd Floor LSEFSL Plaza, South Tower, 19 Khayaban-e-Aiwan-e-Iqbal, Lahore | |
Asad Mustafa Information
Asad Mustafa is a brokerage firm based in Lahore, Pakistan and was established on November 11, 2013. The company holds licenses to operate in both the securities and commodities markets. And it mainly focuses on equity trading with different transaction types.
However, the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness due to the lack of proper oversight for their financial activities.
Pros and Cons
| Pros | Cons |
| Many years' industry experience | No regulation |
| Limited info on trading conditions |
Is Asad Mustafa Legit?
The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Asad Mustafa is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Asad Mustafa with caution.
What Can I Trade on Asad Mustafa?
Asad Mustafa offers a range of brokerage services, primarily focusing on equity trading for individual and institutional investors. The firm supports various transaction types including T+2 (regular settlement), T+1 (spot transactions), futures contracts, and provisional transactions.
| Trading Instruments | Supported |
| Equities | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Deposit and Withdrawal
To open an account the the company, you need to deposit at least Rs. 10,000/-. CDC or physical shares worth Rs. 10,000 via cheque, Demand Draft (DD) or Pay Order (PO) in favor of ‘Asad Mustafa Securities Ltd – Client’ along with the account opening forms. As a member client of the company, you don't need to pay for any registeration fee or annual fees.
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