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EFG Hermes Pakistan logo

EFG Hermes Pakistan

No Regulation
Pakistan
,
Since 1999
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Standard Account

User Reviews

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Total Reviews
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This Month
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Avg Rating

Funding Methods

No funding methods available

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 0%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
4%Poor
License
0%Poor
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Regulatory Licenses

Regulatory Licenses:
Tier 2
Regulated
SECP |

Company Information

Full Name:EFG Hermes Pakistan Limited
Founded:1999
Headquarters:Pakistan
Enterprise Offices:1offices

Customer Support

Phone:
(+92 21) 35141100-04
Live Chat:
Not Available
Response Time:
—
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about EFG Hermes Pakistan: its history, the licences it holds, its trading conditions and its fees.

EFG Hermes Pakistan Broker Overview

EFG Hermes Pakistan was the trading identity of EFG Hermes Pakistan Limited, a Karachi securities house incorporated in Pakistan on 27 September 1999. The company is a Trading Right Entitlement Certificate holder of Pakistan Stock Exchange Limited and has been listed on that exchange since 20 March 2008. Its business is share brokerage, corporate finance, underwriting, advisory and research. No retail foreign exchange or CFD service is documented under this brand.

The company no longer trades under the EFG Hermes name. It was renamed Intermarket Securities Limited, and the efghermespakistan.com website that carried the EFG Hermes Pakistan brand is no longer in service.

EFG Hermes Pakistan Regulation and License

No foreign exchange or CFD licence is held or claimed by EFG Hermes Pakistan Limited. Its permissions sit in the securities market instead: it holds a Trading Right Entitlement Certificate of Pakistan Stock Exchange Limited, is recorded as a corporate member of Pakistan Mercantile Exchange Limited, and acts as a service provider with MUFAP. Those are securities and commodity market memberships. They do not authorise retail margin foreign exchange dealing and they carry none of the client protections a retail forex licence is meant to provide.

The company record is published by the exchange itself at dps.psx.com.pk/company/IMS.

Is EFG Hermes Pakistan Regulated?

Not as a foreign exchange broker. No forex authority anywhere records a licence for this company, and the company does not advertise one. It is a regulated participant in Pakistan's securities market through its exchange membership, which is a different permission covering a different business and offers nothing to someone holding a margin foreign exchange account.

Intermarket Securities Limited

The operating legal entity behind the EFG Hermes Pakistan brand is the company now called Intermarket Securities Limited. It was incorporated on 27 September 1999 under the repealed Companies Ordinance 1984, converted to a public unquoted company in November 2006, and listed on the Pakistan Stock Exchange from 20 March 2008. Its registered office is 5th Floor, Bahria Complex-IV Ext-Block, Ch. Khalique-uz-Zaman Road, Gizri, Karachi, and it now publishes at www.imsecurities.com.pk. The company continues to file audited results and its shares continue to trade.

Is EFG Hermes Pakistan Safe?

The underlying company is a real, long established and publicly listed securities firm, which counts in its favour, but that says nothing about the safety of a foreign exchange account because no such account is offered under this name. The material risk is not the company, it is the brand. A recognisable financial name attached to a domain that is no longer in service is exactly the identity an unrelated operator can reuse, so any forex or CFD site trading on the EFG Hermes Pakistan name should be treated as unconnected to the listed company until shown otherwise.

EFG Hermes Pakistan Pros and Cons

  • The operating company is named, publicly listed and verifiable on the Pakistan Stock Exchange company record, with named officers and a published registered office.
  • A corporate history running from 1999 and a continuous exchange listing since 2008 give an unusually long and checkable track record.
  • There is no foreign exchange or CFD licence and no retail forex offering, so this is not a broker a margin trader can use.
  • The EFG Hermes Pakistan brand has been retired and its website withdrawn, which leaves the name open to misuse by others.

EFG Hermes Pakistan Review and Assessment

This is a listed Pakistani securities broker rather than a retail foreign exchange broker, and it no longer trades under the EFG Hermes name. Nothing found points to wrongdoing by the company. The one thing worth acting on is that the brand is dormant and its former domain is dead, so any foreign exchange service presenting itself as EFG Hermes Pakistan today should be checked against the listed company's current identity before any money moves.

Regulation check
Checked

Regulatory Licenses

EFG Hermes Pakistan holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.

1 of 1 checked
Licences on record
1
Confirmed on register
1
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Securities and Exchange Commission of Pakistan No number recorded

Wikilix read the SECP register on Sep 17, 2026. This is what it said.

Authority strength
Tier 2
Register status
Licensed securities broker; confirmed in force. SECP publishes no per broker public register, so the licence is confirmed through the exchange TREC holder register and the listed company reco

Checked Sep 17, 2026

What our check found

The national statutory securities regulator of Pakistan, which licenses and supervises securities brokers under the Securities Act 2015 and the Securities Brokers (Licensing and Operations) Regulations. Client protection: National statutory regulator; client securities held in segregated Central Depository Company sub accounts, trades cleared through the National Clearing Company, and a PSX Investor Protection Fund exists. An emerging market regime, not a tier one compensation scheme..

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the SECP licence recordAbout SECP
Websites

Global Domains

2 domains on record. All active and served over HTTPS.

2 domains
  • imsecurities.com.pkActiveHTTPS
  • online.efghermespakistan.comRegionalActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

5 official channels on record.

5 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the EFG Hermes Pakistan brand.

1 entity
  • Intermarket Securities Limited (formerly EFG Hermes Pakistan Limited)ActivePakistanEstablished Sep 27, 1999Incorporated in Pakistan on 27 September 1999, converted to a public unquoted company in November 2006 and listed on the Pakistan Stock Exchange from 20 March 2008. It renamed from EFG Hermes Pakistan Limited to Intermarket Securities Limited, and its principal activities are investments, share brokerage, IPO underwriting, advisory and consultancy services.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is Intermarket Securities Limited (formerly EFG Hermes Pakistan Limited). Registered in Pakistan. Registration number 0040559.

Verified on registry
Legal entity
Intermarket Securities Limited (formerly EFG Hermes Pakistan Limited)
Registration number
0040559
Jurisdiction
Pakistan
Incorporated
Sep 27, 1999
Registry
Securities and Exchange Commission of Pakistan (company registry); Pakistan Stock Exchange listed company record
Registered address
5th Floor, Bahria Complex IV Ext Block, Ch. Khalique-uz-Zaman Road, Gizri, Karachi, Pakistan
Frequently Asked Questions

Frequently Asked Questions

Common questions about EFG Hermes Pakistan

Most Popular Questions

There is no retail account here in which to hold money. If something is holding your funds under this name, it is not operating a product the listed company offers, and no forex regulator supervises it. Stop adding to the balance, keep dated records of your account and correspondence, and establish which legal entity you actually contracted with.

Contact details circulating under the old brand are out of date. The former Karachi office address in Clifton has been superseded, and the registered office is now 5th Floor, Bahria Complex-IV Ext-Block, Ch. Khalique-uz-Zaman Road, Gizri, Karachi. Anyone trying to reach the firm should work from its current identity, Intermarket Securities Limited, and confirm it against the Pakistan Stock Exchange company record first.

No leverage is published, because no leveraged retail product is offered under this name. The company holds no authorisation for retail margin foreign exchange dealing.

None are documented. There is no record of MetaTrader 4, MetaTrader 5, cTrader or a proprietary retail platform being offered under this name. The company's business is securities brokerage and advisory rather than retail margin trading.

No minimum deposit is published, because no retail trading account is offered under this brand. Any figure quoted elsewhere for an EFG Hermes Pakistan forex account does not come from the company on record.

The company was incorporated on 27 September 1999, so it has a corporate history of about twenty seven years. It became a public unquoted company in November 2006 and has been listed on the Pakistan Stock Exchange since 20 March 2008. That history is longer than the founding date often attributed to this brand.

It is the current name of the same company that traded as EFG Hermes Pakistan Limited. The change is reflected on the Pakistan Stock Exchange's own records, where the former listing carries a change of name to Intermarket Securities Limited. The company continues to file audited results and its shares continue to trade.

Because the brand has been retired. The company changed its name to Intermarket Securities Limited, and its official exchange record now names a different website. The old efghermespakistan.com address no longer serves anything, so nothing published under the former brand can be checked.

EFG Hermes Pakistan Limited, a public limited company incorporated in Pakistan on 27 September 1999. It has since been renamed Intermarket Securities Limited and trades on the Pakistan Stock Exchange under that name. Its registered office is 5th Floor, Bahria Complex-IV Ext-Block, Ch. Khalique-uz-Zaman Road, Gizri, Karachi.

No retail foreign exchange or CFD service is documented under this name. The official exchange record describes the company's principal activities as investments, share brokerage, IPO underwriting, advisory and consultancy services. There is no margin currency product to open an account for.

Nothing found suggests so. The company behind the name is a publicly listed securities firm with audited accounts, named directors, an appointed auditor and a share registrar, all on the public record. The practical warning is different: the brand has been retired, so a foreign exchange site using this name today is very unlikely to be the listed company.

Not as a foreign exchange broker. No forex authority anywhere records a licence for this company and the company claims none. It is a regulated participant in Pakistan's securities market, holding a Trading Right Entitlement Certificate of Pakistan Stock Exchange Limited and corporate membership of Pakistan Mercantile Exchange Limited, but those permissions cover share and commodity market activity rather than retail margin currency dealing.

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