Overview of Moneyline Securities
Established in 2004 and situated in Pakistan, Moneyline Securities (Pvt) Ltd is an expanding brokerage company offering all-inclusive brokerage services to a wide range of clients, including financial institutions, banks, enterprises, and people nationwide. In addition to using SECP's Service Desk Management System for effective client support and complaint resolution, the firm provides a variety of instructional materials to enhance client financial literacy.
Is Moneyline Securities Legit？
There is no financial regulatory body that oversees Moneyline Securities. Because there is no regulation, traders and investors may be exposed to serious risks regarding the broker's operations. When working with an unregulated broker, it's crucial to use care and do extensive research.
Pros and Cons
In addition to providing a vast array of brokerage services to a varied clientele, Moneyline Securities also offers extensive instructional materials to improve the financial literacy of its clients. Efficient client support is ensured by using the Service Desk Management System from SECP. However, traders and investors confront grave hazards stemming from the company's inadequate oversight.
Products and Services
Moneyline Securities (Pvt) Ltd is a growing brokerage firm in Lahore, offering brokerage services to a diverse client base, including banks, financial institutions, corporations, and individuals across the country.
How to Open an Account
To open an account with Moneyline Securities, follow these steps.
- Visit the Moneyline Securities website. Look for the “Sign up” button on the homepage and click on it.
- Sign up on websites registration page.
- Receive your personal account login from an automated email
- Log in
Fees
Moneyline Securities charges varying commissions per lot for different contracts. For precious metals, the fees include $60 for Gold 1 Oz, $600 for Gold 10 Oz, and $4,000 for Gold 100 Oz. Silver contracts are charged $40 for Silver 10 Oz, $400 for Silver 100 Oz, $2,000 for Silver 500 Oz, and $20,000 for Silver 5000 Oz. Copper fees are $400 for Copper 1000 Lb and $8,000 for Copper 25000 Lb. Platinum contracts cost $600 for Platinum 5 Oz and $6,000 for Platinum 50 Oz, while Palladium 100 is charged at $8,000. Crude oil and Brent oil contracts range from $70 for 10 bbl to $7,000 for 1000 bbl. Natural gas fees are $1,000 for 1000 mmbtu and $6,000 for 10000 mmbtu. Agricultural products like Cotton, Wheat, Soybean, and Corn are charged $500 to $5,000 depending on the lot size. Index fees include $1,500 for DOW JONES, $400 for NASDAQ, and $150 for S&P. Currency pairs, such as GOLD/EURUSD and GOLD/GBPUSD, are charged $600 each.
Deposit & Withdraw Methods
Payments must be made through “A/C Payee Only” crossed cheque, bank draft, pay order, or other banking channels in the name of Moneyline Securities (Pvt) Ltd.
Trading Platforms
Moneyline Securities uses SECP's Service Desk Management System to handle client complaints and inquiries. If issues are not resolved directly by the company, clients can escalate their complaints to the Securities and Exchange Commission of Pakistan (SECP) through this system.
Customer Support
Moneyline Securities (PVT) Ltd provides customer support via:
Address: Room 303, Stock Exchange Building, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore, Pakistan.
Phone: 0306-4201711, 042-36279141-3, 042-36280710-12
Fax: 042-36279144
Email: moneyline_of_lse@hotmail.com
Educational Resources
Moneyline Securities provides a comprehensive suite of educational resources to support its clients. These resources include financial planning guides, a knowledge center, and tools for verifying companies. They also offer publications, the latest news, and audio/video materials to keep clients informed. To enhance financial literacy and safety, they provide information on protecting oneself and AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) guidelines. Additionally, Moneyline Securities offers access to the Jamapunji platform and a stock trading simulator for practical learning experiences.
User reviews
User 1:
“I've been with Moneyline Securities for about six months now. The customer support is pretty solid—they're always quick to respond to my questions. I also like their educational resources, especially the financial planning guides, which have been really helpful. But I gotta say, the lack of regulation is a bit concerning. It makes me wary of investing too much with them.”
User 2:
“I started using Moneyline Securities a year ago mainly because of their diverse brokerage services. The fee structure is transparent, and I haven't had any surprises there. The trading platform is user-friendly, which is a big plus. My only gripe is the regulatory issue—they're not regulated, and that does make me nervous about the security of my investments.”
Conclusion
With the help of SECP's Service Desk Management System, Moneyline Securities provides a comprehensive variety of brokerage services together with extensive educational materials and effective client support. For many investors, these benefits make it an excellent option. Operating without regulatory monitoring, however, has a number of drawbacks and high risks.
FAQs
Is Moneyline Securities regulated？
No, Moneyline Securities is not regulated by any financial regulatory body.
What services does Moneyline Securities provide？
Moneyline Securities offers brokerage services to banks, financial institutions, corporations, and individual investors, along with comprehensive educational resources and customer support.
How can I deposit funds into my Moneyline Securities account？
Payments can be made through “A/C Payee Only” crossed cheque, bank draft, pay order, or other banking channels in the name of Moneyline Securities (Pvt) Ltd.
What trading platform does Moneyline Securities use？
Moneyline Securities uses SECP's Service Desk Management System to handle client complaints and inquiries.
How can I contact Moneyline Securities for support？
You can reach Moneyline Securities via phone at 0306-4201711, 042-36279141-3, 042-36280710-12, or email at moneyline_of_lse@hotmail.com. Their office is located at Room 303, Stock Exchange Building, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore, Pakistan.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
2023-02-22 13:46
