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No Regulation
Score
1.53 /10
Danger
Memon Securities
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.12
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Memon Securities Information
Memon Securities (Pvt. ) Ltd. is a Pakistani-based stock brokerage company that offers the Pakistan Stock Exchange platform accessible to trade on computers and portable devices. It has stocks, commodities, and mutual funds for investment. What has brought them down is no regulation, exposing investors to significant risk. Meanwhile, the company does not show any information about account types and trading fees.
Pros and Cons
| Pros | Cons |
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Is Memon Securities Legit?
Memon Securities operates without any regulations. The lack of regulation in such systems may open investors to a higher risk. The domain memonsecurities.com was updated on 2024-09-15 and is now in the states where the owner has locked down the domain from being transferred.
What Can I Trade on Memon Securities?
Memon Securities offers many trading options, including stocks, commodities, and mutual funds.
| Tradable Instruments | Supported |
| Mutual Funds | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ❌ |
| Metals | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Pakistan Stock Exchange Online Trading | ✔ | IOS and Andriod | Investors of all experience levels |
| MT5 | ❌ | IOS and Andriod | Investors of all experience levels |
Customer Service
You can contact Memon Securities 24/7 by email at amin_memon@hotmail.com or by phone at (021) 32414380, 32417511, 32438063.
| Contact Options | Details |
| Phone | (021) 32414380, 32417511, 32438063 |
| amin_memon@hotmail.com | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | Facebook, Instagram, Twitter, YouTube, etc |
| Supported Language | English |
| Website Language | English |
| Physical Address | Suite 154, 3rd Floor, Stock Exchange Building, Stock Exchange Road, Karachi, Pakistan. |
The Bottom Line
Memon Securities provides an interface to trade with stocks, commodities as well as mutual funds for the investors. However, there is no regulatory body that oversees the platform, hence investors are at high risk. Also, it lacks information such as fees and account types, which is another concern. For these reasons, Memon Securities is not a good choice for newcomers and may be appropriate only for those investors who are ready to work with unregulated platforms.
FAQs
Is Memon Securities good for beginners?
No. Due to the lack of regulation and potential risks, Memon Securities is not suitable for beginners.
Is Memon Securities good for day trading?
No. Lack of compliance and the unclear disclosure of fees are major worries.
How can I contact Memon Securities?
You can contact Memon Securities 24/7 by email at amin_memon@hotmail.com or by phone at (021) 32414380, 32417511, or 32438063.
Risk Warning
Online trading involves considerable risk. You should make sure to understand the risks involved and notice that the information above provided in this review may be subject to alteration.
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