Wikilix
Licence record

MGM: SEC licence BRP-335

Issuing authority
Securities and Exchange Commission
Jurisdiction
Pakistan
Licence type
Financial Service

This is Wikilix's record of a licence issued by Securities and Exchange Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Jul 27, 2026

Licence Verification Record

Securities and Exchange Commission BRP-335

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
MGM Securities (Pvt) Ltd
Issuing authority
Securities and Exchange Commission
Jurisdiction
Pakistan
Licence type
Financial Service

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

wikilix.com/brokers/mgm/licenses/securities-and-exchange-commission/brp-335Fields on file 2 / 11

Open MGMAll MGM licencesAbout SEC
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Pakistan
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

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

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
BRP-335
Licence type (Wikilix classification)
Financial Service
The authority

About SEC

Securities and Exchange Commission is the authority that issued this licence, and the jurisdiction it applies in is Pakistan.

Full name
Securities and Exchange Commission
Jurisdiction
Pakistan
Strength
Tier 1 (securities)The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1936
Oversight
A government or statutory body
Firms we track under it
0 firms
Licences it issues
Broker-dealer; investment adviser
Typical cost of a licence
Varies; FINRA and SEC registration fees
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

SEC's own rules for the firms it authorises.

  • Compensation schemeSIPC insures up to $500,000 per customer (including $250,000 cash)
  • Complaints routeSEC Tips/Complaints/Referral
  • Maximum leverage1:50
This describes the authority's regime, not how MGM applies it.
The holder

Who holds this licence

The licence above is recorded against MGM. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
MGM Securities (Pvt) Ltd
Based in
Pakistan
Wikilix score
37.0the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • MGM SECURITIES (PVT.) LIMITEDPakistan · Reg. 0046264 · Feb 27, 2019
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
MGM trading platform (web & app) – internal proprietary system mentioned; not standard MT4/MT5.
MGM Securities offers customer support via phone and live chat during business hours. They provide support in English and can be contacted through email at mgmsecurities@mgm-lse.com. Their office is located in Lahore, Pakistan.
MGM Securities does not charge commissions on trades.
MGM Securities supports several funding methods including bank wire transfers, Neteller, Skrill, Visa, Mastercard, and mobile money payments. Deposits and withdrawals via e-wallets and credit cards are typically instant and incur no fees, while bank wire transfers and mobile money payments have processing times measured in hours with no specified fees.
MGM Securities (Pvt) Ltd is regulated by the Securities and Exchange Commission (SEC) of Pakistan under license number BRP-335. The SEC is a tier 1 onshore regulator, providing a medium level of transparency and client fund insurance up to $500,000 per customer. This regulation indicates a level of oversight and investor protection.
Licence BRP-335 was issued by Securities and Exchange Commission (SEC), the financial authority for Pakistan.
MGM holds this SEC licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SEC register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SEC tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.