DSL

Overview

DSL, founded in 1984 and based in Pakistan, operates as an unregulated financial services provider. Offering equity brokerage, online forex trading, commodity trading, and research services, DSL caters to a diverse clientele. Their commission structure includes 3 paisa per share or 0.15% of transaction value for equity trading, with varying rates for daily roll-over transactions. Additionally, DSL levies taxes and charges such as Sindh Sales Tax, CDC Charges, and CGT Computation Charges. Despite its unregulated status, DSL maintains customer support channels through its office on I. I. Chundrigar Road in Karachi, reachable via UAN, fax, and email, ensuring accessibility and assistance for clients.

Regulation

DSL operates as an unregulated broker, which means it doesn't fall under the oversight of any regulatory body. This lack of regulation can present both opportunities and risks for investors, as it offers more flexibility but also potentially exposes them to higher levels of uncertainty. Investors should carefully weigh the advantages and disadvantages before engaging with DSL or any unregulated broker.

Pros and Cons

DSL offers a range of financial services including equity brokerage, online forex trading, commodity trading, and research. While operating as an unregulated broker allows for flexibility, it also presents risks. Pros include diverse service offerings, personalized customer support, and competitive commission structures. However, the lack of regulation may pose uncertainty for investors. Careful consideration of the advantages and disadvantages is essential before engaging with DSL.

Services

DSL offers a diverse range of financial services structured to meet the needs of various clients:

1. Equity Brokerage: DSL excels as a full-service broker, providing superior investment advice, attentive customer service, and excellent trade executions. Their clientele spans fund managers, unit trusts mutual funds, brokerage firms, high net worth individuals, and retail investors.

2. Online Forex Trading: In collaboration with Dollar East, one of Pakistan's largest foreign exchange companies, DSL is preparing to launch an online foreign exchange website pending approval from the State Bank of Pakistan. This platform aims to facilitate the buying, selling, remitting, or sending of money overseas for importers, exporters, and the general public.

3. Commodity Trading: As a member of the Pakistan Mercantile Exchange Limited, DSL offers clients access to commodity trading facilities on a world-class commodity futures trading platform. This service enables clients to trade in a wide spectrum of commodity derivatives.

4. Research: Recognizing the pivotal role of credible research in the success of a securities firm, DSL prioritizes the provision of reliable, accurate, and up-to-date research. They view research as an essential pillar supporting their full-service platform and have invested in staffing their research department with high-quality professionals and state-of-the-art technology to ensure the delivery of valuable insights to clients.

Spreads and Commissions

DSL's commission structure is designed to offer transparency and clarity to clients regarding the costs associated with their services:

Equity Trading Commission:

1. 3 paisa per share or 0.15% of the transaction value, whichever is higher.

Commission Structure for Daily Roll Over (Applicable to leverage products):

1. Commission rates vary based on the transaction value:

• Transactions from 0.01 to 50.00: Rs. 0.0050

• Transactions from 50.01 to 100.00: Rs. 0.0100

• Transactions from 100.01 to 200.00: Rs. 0.0200

• Transactions of 200.01 and above: Rs. 0.0300

1. Taxes & Other Charges:

1. Weekly Rollover Charges: Applied to future market and leverage positions.

2. Regularity Levies: All other regulatory levies are applicable.

3. One-sided commission: Charged on all intraday trades.

4. Minimum Account Balance: Rs. 5000/- must be maintained.

5. CGT Deduction: Done by NCCPL as per the Income Tax Ordinance.

6. CGT Computation Charges: Collected by NCCPL for computing and determining Capital Gain Tax (CGT).

7. NCCPL Charges: Applicable as per NCCPL Schedule.

8. CDC Charges: Applicable as per CDC Regulations.

9. Sindh Sales Tax (SST): 13% on the commission amount.

2. Review and Changes:

1. Changes will be implemented accordingly and notified to clients.

2. The commission structure is subject to periodic reviews to align with business and regulatory requirements.

Overall, DSL's commission structure aims to provide clients with a clear understanding of the costs involved in their trading activities, ensuring transparency and adherence to regulatory standards.

Customer Support

DSL's customer support, stationed at Room # 808, Business & Finance Centre, I. I. Chundrigar Road, Karachi-Pakistan, offers accessible assistance through various channels including a UAN at +92-21 111 900 400, fax at +92-21 32471088, and email at info@darson.com.pk. With a commitment to prompt responses and staffed by knowledgeable professionals versed in brokerage services and financial markets, DSL ensures clients receive efficient support and guidance during regular business hours and beyond.

Conclusion

In conclusion, DSL provides a comprehensive suite of financial services tailored to meet the diverse needs of its clientele. From equity brokerage to online forex trading and commodity trading, DSL offers a range of options to investors. While operating as an unregulated broker presents both opportunities and risks, DSL's commitment to excellence in customer support, transparent commission structures, and dedication to providing reliable research underscores its commitment to client satisfaction and success in the financial markets.

FAQs

Q1: Is DSL regulated？

A1: No, DSL operates as an unregulated broker.

Q2: What services does DSL offer？

A2: DSL provides equity brokerage, online forex trading, commodity trading, and research services.

Q3: What is DSL's equity trading commission structure？

A3: DSL charges 3 paisa per share or 0.15% of the transaction value, whichever is higher.

Q4: How can I contact DSL's customer support？

A4: You can reach DSL's customer support via UAN at +92-21 111 900 400, fax at +92-21 32471088, or email at info@darson.com.pk.

Q5: What are the taxes and charges associated with DSL's services？

A5: Taxes and charges include Sindh Sales Tax, CDC Charges, NCCPL Charges, CGT Computation Charges, and a minimum account balance requirement of Rs. 5000.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.