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Not Regulated
Score
1.57 /10
Danger
MRA
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.48
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2026-05-31
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| MRA Review Summary | |
| Founded | 2012 |
| Registered Country/Region | Pakistan |
| Regulation | No Regulation |
| Trading Product | Securities |
| Trading Platform | / |
| Minimum Deposit | Rs. 5,000 |
| Customer Support | Phone: 32410136-40, 32414112-15 |
| Email: Zubair_karachi@hotmail.com; Zubair@mra.com.pk | |
| Address: Room No 416, 4th Floor, Room No 701 & 733 & 738-741, 7th Floor, Main Stock Exchange Building, Karachi | |
MRA Information
MRA Securities Ltd. is a Pakistan-based financial services company established in 2012 with a focus on stock trading. The company offers a standard account service that requires a minimum deposit of Rs 5,000 and a commission of 3 paisa per share or 0.15 per cent of the trade value, whichever is higher, up to a maximum of 2.5 per cent.
However, as MRA Securities Ltd. is not regulated by any regulatory body, this may raise concerns among clients about its legitimacy and safety.
Pros and Cons
| Pros | Cons |
| / | No regulation |
| Limited info on deposit and withdrawal |
Is MRA Legit?
Although the MRA claims that it can file a complaint with the SECP if it is inadmissible, MRA is not regulated. Traders need to be cautious when trading.
What Can I Trade on MRA?
| Trading Products | Supported |
| Securities | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Funds | ❌ |
| ETFs | ❌ |
Minimum Rate
The minimum rate ranges from 3 paisa per share or 0.15% of the trade value (whichever is higher) up to a maximum of 2.5% of the trade value.
| Transaction Type | Minimum Rate |
| Ready Delivery Contract Market (“Ready Market”) - Normal | 3 paisa or 0.15% (whichever is higher) |
| Ready Market - Intra-Day Squared | |
| Arbitrage between Ready and Futures Market | 0 |
| Ready Market trade financed through Margin Trading System / Margin Financing System / Murabaha Share Financing | 3 paisa or 0.15% (whichever is higher) |
| Deliverable Futures Contract Market | |
| Deliverable Futures Contract Market - Squared Transaction | |
| Proprietary Trade and trades of Sponsors and Directors of the Securities Broker and their immediate family members | 0 |
Deposit and Withdrawal
To deposit the initial amount in your MRA Securities Ltd. Account, you can send a cheque, pay order, or demand draft (DD) in favor of “MRA Securities Ltd.” by mail or deliver it personally to their Head Office at Office No. 739-741, 7th Floor, Karachi Stock Exchange Building, Karachi, Pakistan.
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