Guidelines for Clients of Commodity Futures Brokers

                                

 

  1. Verify the authenticity of a Broker and its branches from the list of registered brokers available at PMEX website (http://www.pmex.pk/pmex-broker/)

 

  1. Carefully read and understand the terms and conditions along-with Risk Disclosure Document

 

  1. Ensure that all information is accurately filled in the Account Opening Form and a signed copy of the form is retained for future reference

 

  1. In case of any change in information provided in the Account Opening Form, immediately communicate the change in writing to Broker

 

  1. Ask your Broker to activate your login credentials

 

  1. Make payments only through banking channel (online banking, cross cheque, pay order, etc.) in the name of the broker and obtain payment receipt

 

  1. Verify that payments are allocated in your trading account maintained by the Broker with PMEX

 

  1. Ensure that Broker sends daily, weekly, monthly account balance and activity statements to authenticate the trade activity and cash balances in the trading account

 

  1. Ensure that Broker sends SMS alerts for trades and cash movement in the trading account

 

  1. Approach PMEX in case of any complaint that remains unresolved by the Broker

 

 

  1. Do not deal with Brokers or their branches not registered with PMEX

 

  1. Do not give incorrect, contradictory or incomplete information in the Account Opening Form

 

  1. Do not issue cross cheque, pay order, demand draft in the name of any authorized representatives of the Broker

 

  1. Do not deal in cash with any Broker or its authorized representatives over and above the prescribed limit of Rs. 25,000

 

  1. Do not be misled by alluring advertisements, rumors, hot tips or the promises of assured returns by the Brokers or their authorized representatives

 

  1. Do not share personal ID and password provided by the Exchange with the Brokers or their authorized representatives

 

  1. Do not surrender the right of receiving cash and trade balances reports via email and SMS

 

  1. Do not start trading before reading and understanding the Risk Disclosure Document provided by PMEX

 

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