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PMEX

Offshore
International
,
Since 2011
Last Updated:
35/100
Overall Score

Trading Conditions

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

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

7 methods

Bank Transfer (IBFT)

bank transfer
3 days
Fee:
Free
Fee:
Free

Cheque Deposit

bank transfer
3 days
Fee:
Free
Fee:
Free

Demand Draft

bank transfer
days
Fee:
Free
Fee:
Free

ATM Deposit

bank transfer
Instant
Fee:
Free
Fee:
Free

Online Banking (IBFT)

bank transfer
Instant
Fee:
Free
Fee:
Free

Pay Order

bank transfer
days
Fee:
Free
Fee:
Free

Cash Deposit

bank transfer
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 51%, 3: Software 50%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
4%Poor
License
51%Fair
Software
50%Fair
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:Pakistan Mercantile Exchange Limited
Founded:2011
Headquarters:N/A
Enterprise Offices:N/A

Customer Support

Phone:
051-2894003-4
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

In this ever-changing environment of finance and trading, financial brokers act as an intermediary between traders and international markets. PMEX is one such prominent player in this market, with facilities to satisfy different requirements in trading. For any trader, whether inexperienced or experienced, it is essential to be aware of what PMEX has to offer.

This article tries to give you a thorough insight into what PMEX is all about – from background information to its most important aspects and overall service as a broker. Unfortunately, there is limited information available for public consumption about PMEX; hence we bring you all possible information about this broker to help you appreciate its most important details.

Background and History

PMEX is working as a financial service provider in the area of trade brokerage. Although PMEX is operating within the industry, very little data is available in the public domain about its incorporation and development history. The scarcity of historical data emanates the impression that PMEX is either a newly formed entity or operates under the cloak of secrecy within the overall financial service sector.

However, the PMEX commitment to offering trading services suggests a dedication to facilitating easy access to financial markets for its customers. The products and organizational structure of the brokerage house are meant to facilitate customers in dealing with challenging market conditions.

Key Features and Offerings

PMEX offers various trading options that target the different demands of their clients. Even if the available products for this kind of broker are limited, the usual offered products by this kind of broker include forex, commodities, stock indexes, and maybe online cryptocurrencies.

Clients will expect the following basic facility to offer by PMEX: Real-time market information, charting, and order processing functions. These are the basic requirements for traders who want to evaluate market patterns and process their trades effectively.

Trading Instruments

Because of limited information, it cannot be revealed here specifically what kind of instruments are offered by PMEX. Brokers dealing in similar markets usually provide a wide range of trading instruments.

Regulatory Compliance and Licensing

Another important consideration in the selection of a trading broker regards regulatory control. This ensures that the organization operates within specific guidelines, including customer protection services. However, very little information can be accessed in terms of PMEX’s regulatory licenses or affiliations.

Traders who intend to open accounts with PMEX must perform due diligence in ascertaining the regulatory standing of the trading broker.

Regulator

License Number

Status

Few Details Available

Restricted data exists

Limited information available

Conditions and Technology for Trading

Spreads, leverage, and other conditions of trade play a very important role in analyzing whether the particular broker is suitable or not. PMEX’ conditions of trade do not release specific information, making it quite difficult to give a proper insight.

Equally, details on the trading platforms offered on PMEX, and their technical details and interfaces, are limited. Normally, this is an area where brokers have multiple platforms offering support for desktop, web, and cellular media access.

Trading Condition

Details

Spreads

Few details known

Leverage

Limited information available

Minimum Deposit

No Data Available

Platform Technology

Little information found

Fee Structure

---------------

Knowledge of the fee system isvery important for traders to undertake cost control. However, PMEX does not disclose detailed information on the fees, which include fees for depositing and withdrawing funds, or commissions.

Potential clients can contact PMEX directly to inquire about the updated fees before opening an account.

Fee Type

================

Details

Deposit Fees

Not much data

Withdrawal Fees

No Data Available

Commission

No data available

User Experience and Market Reputation

Customer feedback and market reputation can be considered important factors when evaluating a broker’s authenticity and quality of service.

As there is limited market feedback available regarding PMEX, I do not have sufficient material to make a generalized judgment regarding user experience and market reputation.

Those traders interested in PMEX may want to consider getting feedback from reputable sources, or even contacting the broker directly in order to have an assessment of their services.

Conclusion

PMEX operates under the description of being a trading broker in the finance industry. However, there is limited publicly accessible information on its operation. Traders who wish to work with PMEX should be cautious, as there is a need to conduct thorough research. Although PMEX may provide vital trade services, the fact that no transparent data is given highlights the need to ensure all information is checked prior to investing any money. Being informed and alert is always paramount within the fast-paced world of financial trading.

Regulatory Licenses

Compliance & oversight

1 license
Pakistan
SECTier 2
Pakistan
License Details
Type:Dealing in futures contracts
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

No Account Types

Account type information is not available for this broker yet.

Funding Methods

Deposit & withdrawal options

7 methods
Bank Transfer (IBFT)
Bank Transfer3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Ensure transaction is initiated from client's own bank account to comply with PMEX policies. Available to clients with bank accounts capable of IBFT transactions.
Cheque Deposit
Bank Transfer3 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Use correct deposit slip and cheque must be in favor of Pakistan Mercantile Exchange Limited. Available at all MCB Bank branches.
Demand Draft
Bank Transferdays
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Demand draft must be in favor of Pakistan Mercantile Exchange Limited. Available at all MCB Bank branches.
ATM Deposit
Bank TransferInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Ensure ATM deposit is made to the correct MCB Bank account number. Available at all MCB Bank ATMs.
7
Free Deposit
7
Instant
0
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with PMEX: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark PMEX at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for PMEX

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Comments

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