Memon Securities Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-24 18:22

Abstract：　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.

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
User-friendly Pakistan Stock Exchange platform	Lack of regulation
Offers educational resources	Limited information on trading fees and account types
Offers diverse investment options

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
Email	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.