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Licence record

SECP licence recorded for EFG Hermes Pakistan

Holder
EFG Hermes Pakistan
Last checked
Sep 17, 2026

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

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Licence intelligence

RecordModified Sep 18, 2026

Licence Verification Record

Securities and Exchange Commission of Pakistan No number on the register

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

Issuing authority
Securities and Exchange Commission of Pakistan
Holder
EFG Hermes Pakistan Limited
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

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

wikilix.com/licenses/securities-and-exchange-commission-of-pakistan/efg-hermes-pakistan/licence-5012Fields on file 4 / 11

Open EFG Hermes PakistanAbout SECP
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 2
Jurisdiction
Not recorded
Last checked
Sep 17, 2026
Register says
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

Finding

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.
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.

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
The authority

About SECP

Securities and Exchange Commission of Pakistan is the authority that issued this licence. No jurisdiction is recorded for it.

Full name
Securities and Exchange Commission of Pakistan
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Firms we track under it
0 firms
The holder

Who holds this licence

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

Broker
EFG Hermes Pakistan Limited
Based in
Pakistan
Operating
Above 20 years
Wikilix score
4.0the firm’s overall score, not a rating of this licence

Wikilix records EFG Hermes Pakistan as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

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

  • Intermarket Securities Limited (formerly EFG Hermes Pakistan Limited)Pakistan · Public limited company · Sep 27, 1999
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
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

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.

EFG Hermes Pakistan holds this SECP licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the SECP register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates SECP tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
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