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No Regulation
Score
1.53 /10
Danger
DEL
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.12
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!
Previous Detection :
2024-12-22
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| DEL Review Summary | |
| Founded | 2006 |
| Registered Country/Region | Pakistan |
| Regulation | Not regulated |
| Market Instruments | Equity Brokerage, Underwriting of Shares, Shares Custodian and Allied Services, Research |
| Demo Account | N/A |
| Leverage | N/A |
| Spread | N/A |
| Trading Platform | N/A |
| Min Deposit | Rs. 3,000 |
| Customer Support | Email: contact@dawoodequities.comPhone: (92-21) 32271881 & 32271883 |
DEL Information
DEL is a prominent financial services provider that has been operating in Pakistan since its inception in 2006. DEL offers a full range of services, including stockbroking, equity underwriting, equity custody and related services, as well as research to meet the diverse needs of investors. The minimum deposit requirement is Rs 3,000 and customers can easily access this service through deposit methods such as cheque, payment orders or DD payable “Dawood Equities Ltd.”.
Pros and Cons
| Pros | Cons |
| A comprehensive range of financial services including equity brokerage, underwriting of shares, and research | Not regulated by any specific financial authority |
| Minimum deposit requirement of Rs. 3,000 | Limited fees information |
| Provides multiple deposit methods such as cheques, pay orders, and DDs |
Is DEL Legit?
DEL is not regulated by any specific financial authority.
What Can I Trade on DEL?
DEL provides clients services such as Equity Brokerage, Underwriting of Shares, Commodity Trading, Shares Custodian and Allied Services.
| Tradable Instruments | Supported |
| Equity Brokerage | ✔ |
| Underwriting of Shares | ✔ |
| Commodity Trading | ✔ |
| Shares Custodian and Allied Services | ✔ |
| Precious metals | ❌ |
| Energy products | ❌ |
| Mutual Funds | ❌ |
| Futures | ❌ |
Account Types
Only one type of account is available for clients. Visitors click on the “ONLINE ACCOUNT OPENING” button and open an account by entering name, email, residential status, ID type, and other information.
Deposit and Withdrawal
The minimum deposit required to open an account in DEL is Rs 3,000.
You can deposit funds to DEL by cheque, payment slip or Payment DD, payable to “Dawood Equities Ltd”. You can send funds by post or in person to their office at 1700-A Saima Trade Towers, I.I Chundrigar Road, Karachi-74000, Pakistan.
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