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Frequently Asked Questions
For your self help purposes.
PMEX stands for Pakistan Mercantile Exchange. PMEX is the only exchange in Pakistan that provides the platform for investors to trade into the international commodities on marginal basis.
Marginal or Future trading is such a type of trading where one trades the commodity against the margin. A trader buys or sells a commodity only through a little percentage of its actual price, that is knows as margin.
In the latest developments, an investor can open his/her trading account now in easy steps through our online portal. Just click on ‘Open an Account’ button and get yourself signed up there. Following are the requirements needed for online account opening.
• A sim registered in the investor’s name
• IBAN of client’s own name
• Income proof in case of Filer
• In cade of non-filer, income proof be needed of sponsor.
Your funds are absolutely secured, since the funds are conveyed through the PMEX. As per the latest policies of Pakistan Mercantile Exchange, A broker is never allowed to accept the payment of client on his behalf. Moreover, through the Direct Fund Model; through which the funds are directly sent to PMEX and updated on client’s portal; this security has increased the investors fund security and their reliability.
Client can verify the broker through various means. For that purpose, the investor must verify the licence of broker through SECP. Secondly, the broker must be verified from pmex broker list as well and ensured whether the broker comes on active list or not. Thirdly, through the SECP website, client can verify broker’s all details
Presently, the PMEX trading times are as follow.
• Monday: 4:00 am – 3:00 am
• Tuesday-Friday 5:00am – 3:00 am
At Floret Commodities, we strive to train and empower the client to make his own decision. We, as a firm, does not enable any of our employee or any staff member to trade on client’s behalf. All the clients are requested and guided to keep their account credentials to their own selves. For any technical or trading assistant, you will always find this company available.