Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
3/10 · LowGenuine, active SECP-licensed PMEX broker and clearing membership (TREC 110); real national regulation with central clearing, though domestic in scope and not tier-1 global.
Identity & transparency
2/10 · LowFull legal entity disclosed; name, Lahore address and phone match the regulator register; real physical office and a decade-old domain.
Withdrawals & conduct
2/10 · LowNo fund-integrity or withdrawal complaints found for this firm or domain; the withdrawal complaints in search belong to the unrelated Zara FX.
Reputation
4/10 · ModerateNo negative reports, but almost no independent customer reviews either; reputation rests on the register and directory presence rather than user feedback.
Website claims
3/10 · LowClaims only its true PMEX membership; no fake tier-1 licence, awards or guaranteed profits; vague decades-of-experience wording is mild puffery.
Operational history
2/10 · LowVerified track record: domain since 2016 and a PMEX licence since 2010; well-established, far beyond the three-year threshold.
Who they are
A quick desk file on the company behind the brand.
- Brand: Zara Commodities
- Legal entity: Zara Commodities (Private) Limited
- Registered: Office No. 13, First Floor, Al-Hafeez View, Sir Syed Road, Gulberg III, Lahore, Pakistan
- Website: zaracommodities.com (registered 2016)
- Only licence: Broker and clearing member of the Pakistan Mercantile Exchange (PMEX), TREC 110 / broker code BRC-090, SECP-licensed, admitted 4 June 2010
- Offers: PMEX exchange-traded commodity futures (gold, crude oil, currencies, indices) through the MetaTrader 5 platform
- Not accepted: No international forex or offshore CFD product is advertised; the business is domestic PMEX trading
- Age claim: Refers vaguely to decades of experience; the verifiable record is a 2016 domain and a 2010 PMEX licence
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Pakistan Mercantile Exchange (PMEX)
Why we reached this verdict
How the evidence adds up.
We reached APPEARS_LEGITIMATE because the firm is confirmed on the national regulator framework and the identity matches.
- The Pakistan Mercantile Exchange, which is the only commodity futures exchange licensed by the Securities and Exchange Commission of Pakistan (SECP), lists this exact company on its broker database: Zara Commodities (Private) Limited, TREC 110, broker code BRC-090, admitted 4 June 2010, marked SECP-licensed and active.
- The registered address (Al-Hafeez View, Gulberg III, Lahore) and the phone number on the website match the register entry, which rules out a clone using the name.
- The website only claims PMEX membership. It does not fake a tier-1 licence, invent awards, or promise guaranteed profits.
- We found no entry on any regulator warning or alert list, and no credible complaints about withdrawals for this firm or its domain.
- The confidence is medium rather than high for two honest reasons: the exchange website could not be opened directly to capture a live page, so the licence is confirmed from its official published broker documents rather than a live register view, and the firm has almost no independent customer reviews online.
Note on operating history: the 10.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Risk-profile adjustment: the evidence-based score was 22%. It is presented as 65% because no reviews of any kind across 3 platforms, which our policy treats as elevated risk regardless of how little was found against this broker.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Pakistan Mercantile Exchange official broker database lists Zara Commodities (Private) Limited, TREC 110, broker code BRC-090, admitted 4 June 2010, SECP-licensed and active.
E2PMEX list of SECP-licensed futures brokers corroborates the firm's active licensed status.
E3The broker's own site claims only PMEX membership and shows an office (Gulberg III, Lahore) and phone (+92 42 35714486) that match the regulator register, confirming this is the licensed firm and not a clone.
E4Domain zaracommodities.com was registered on 1 June 2016, giving a roughly ten-year web history consistent with an established firm.
ModerateVerisign RDAP registry recordE5No regulator warning or alert list entry was found for zaracommodities.com or the legal entity across the warning-list sweep.
E6Review-platform and forum searches returned no fund-integrity or withdrawal complaints for this firm; the withdrawal complaints that surface under the Zara name belong to a different operation at zara-fx.com.
E7Pakistani business directories independently list the entity, category and Lahore address, corroborating a real operating business.
The other side
The strongest case in this broker’s favour.
Here is the fair case for and against, kept honest.
- In its favour: a real national-exchange licence with central clearing, a decade-old domain, a physical office that matches the register, and a clean warning-list and complaint record.
- Against it: the protection is domestic only. PMEX and SECP cover Pakistan-based exchange futures; there is no international investor-compensation scheme, so a client outside that framework has limited recourse.
- The site markets an MT5 app downloaded from its own server and uses broad language like currencies and indices, which for an offshore firm would be a flag, but here it fits normal PMEX product access.
- The very thin independent review footprint means we cannot positively confirm from user experience that withdrawals run smoothly, only that no one is publicly reporting problems.
What would change this
What we would need to see to revise the verdict.
Our view would change if any of the following appeared.
- PMEX or SECP suspending, cancelling, or removing the firm from the licensed-broker list.
- A regulator warning or alert naming zaracommodities.com or Zara Commodities (Private) Limited.
- A credible, specific pattern of clients unable to withdraw funds, or any demand for an extra payment before releasing money.
- Evidence the site had started soliciting overseas clients for products outside its PMEX licence scope.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Pakistan Mercantile Exchange (PMEX)
The SECP-licensed exchange the broker is a clearing member of; the broker cites www.pmex.com.pk on its homepage.
PMEX TREC-holder / licensed-brokers database
Official PMEX register confirming Zara Commodities (Private) Limited, TREC 110, SECP-licensed and active.
Zara Commodities official website
The broker's own site and regulatory statement.
Frequently asked questions
Quick answers about this broker’s safety.
Is Zara Commodities a scam?
No. It is a genuine commodity futures broker in Pakistan and a broker and clearing member of the Pakistan Mercantile Exchange (PMEX), which is licensed by the Securities and Exchange Commission of Pakistan (SECP). We found no warnings and no credible fraud reports for this firm or its website.
Is Zara Commodities regulated?
Yes, within Pakistan. It holds a PMEX broker and clearing membership (TREC 110, broker code BRC-090) and is listed as SECP-licensed and active. This is genuine national regulation for domestic exchange-traded futures, not an offshore paper licence.
Can I withdraw my money from Zara Commodities?
We found no public reports of withdrawal refusals or fund-integrity problems for this firm. Trades on PMEX are centrally cleared and settled through the exchange, which adds a layer of protection for domestic clients. As with any broker, keep your own transaction records.
Is my money safe with Zara Commodities?
For domestic PMEX trading the protection is meaningful, because PMEX provides central clearing and settlement under SECP oversight. However there is no international investor-compensation scheme, so protection is limited to Pakistan's regulatory framework.
Who owns Zara Commodities?
The operating company is Zara Commodities (Private) Limited, a Pakistani company based in Gulberg III, Lahore. It has been a PMEX-licensed broker since 2010.
How old is Zara Commodities?
Its website domain was registered in 2016, and the company has held a PMEX broker licence since June 2010. So it is a long-established operation, roughly ten to sixteen years old depending on which milestone you count.
What is PMEX and is its licence worth anything?
PMEX is the Pakistan Mercantile Exchange, the only commodity futures exchange licensed by the SECP. A PMEX broker and clearing membership is a real, meaningful licence for trading Pakistani exchange futures, with central clearing. It does not, however, give you cross-border protection outside Pakistan.
Is Zara Commodities a clone of another company?
No. The name, address and phone number on the website match the PMEX register entry for Zara Commodities (Private) Limited, so this is the genuine licensed firm and not an impersonator.
Is Zara Commodities the same as Zara FX?
No. Zara FX (zara-fx.com) is a separate, unrelated operation that does carry withdrawal complaints and scam warnings. Zara Commodities (zaracommodities.com) is the SECP-licensed PMEX broker. Do not confuse the two.
What does Zara Commodities offer?
It offers PMEX exchange-traded commodity futures, such as gold, crude oil, currency and index futures, accessed through the MetaTrader 5 platform. The business is domestic Pakistani futures trading.
What should I check before depositing with Zara Commodities?
Confirm the firm still appears as active on the current PMEX licensed-broker list, check that the office and contact details match, and make sure you are on zaracommodities.com and not a look-alike site. Keep records of every deposit and withdrawal.
What do I do if I was scammed by a broker using this name?
If a site used the Zara Commodities name but a different domain or contact details, it may be an impersonator. Report it to PMEX and the SECP in Pakistan, keep all evidence such as payment records and chat logs, and avoid any service that asks for an upfront fee to recover funds.
What we recommend
The practical takeaway from everything above.
For our records and for readers:
- Correct the broker profile: this firm is regulated (SECP-licensed PMEX broker), not unregulated as currently recorded.
- No warning banner and no delisting are warranted.
- Readers should verify the firm on the PMEX broker list and check the licence is still active before depositing.
- Do not confuse this firm with the unrelated Zara FX (zara-fx.com).
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 30, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.