Fikrees

What is Fikrees？

Tewfiq Mohammad Amin Fikree founded a brokerage house in 1985 as a sole proprietorship concern, which was converted to M/s FIKREES (Pvt.) LIMITED in 2013 as a result of the Demutualization Act of 2013, which is now the Pakistan Stock Exchange's one of the oldest leading providers of financial services and consultancy for the equity markets.

Pros & Cons

Cons:

• No regulation: Fikrees operates without regulatory oversight, which raises concerns regarding consumer protection, transparency, and adherence to industry standards.

Is Fikrees Safe or Scam？

• Regulatory Sight: Fikrees is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures: So far we haven't found any information about the security measures for this broker.

Services

• Personalized Solutions: Fikrees specializes in catering to the needs of individual clients, offering personalized financial solutions tailored to their specific goals, risk tolerance, and financial circumstances.

• Geographic Expansion: Fikrees aims to expand its reach beyond its current geographic location, potentially offering its services to clients in new markets or regions.

• Foreign Clientele: In addition to serving local clients, Fikrees also targets foreign clientele, providing them with access to investment opportunities, financial planning services, and wealth management solutions.

• Asset Management: Fikrees operates as an asset management company, offering investment management services to individuals, institutions, and other clients.

Customer Support

• Telephone: Clients can contact Fikrees' customer support team via telephone at the provided numbers: 921 32432096, 32423113, 32413141, and 32416654. These numbers offer direct access to representatives who can address queries, and concerns, or provide assistance with account-related matters.

• Email: Clients can also reach out to Fikrees via email at tewfiqfikree@gmail.com. This channel allows for detailed inquiries, document submissions, or requests for information, and ensures written correspondence for reference.

• Social Media: Fikrees maintains a presence on social media platforms like Facebook, X, Skype, and Pinterest. Clients can connect with the company through these channels to receive updates, and announcements, and engage in direct messaging for customer support queries.

• Company Address: For clients preferring face-to-face interactions or in-person assistance, Fikrees provides its physical address at 639, Stock Exchange Building, Stock Exchange Road, Karachi. Clients can visit this location for meetings, consultations, or to submit documents and forms.

Conclusion

Fikrees is a company that provides several financial services to domestic and foreign individuals. However, it currently holds no regulations. In this case, we do not recommend users invest in this company.

Frequently Asked Questions (FAQs)

Question: Is Fikrees regulated or not？

Answer: No, it is not regulated,

Question: I am not a Pakistani local, can I access their services？

Answer: Yes, you can. Fikrees also provides services to foreign customers.

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. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.