Score
Memon Securities
Pakistan|5-10 years| http://memonsecurities.com
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Finland 2.83Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Pakistan
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Memon Securities also viewed..
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Website
memonsecurities.com
Server Location
United States
Website Domain Name
memonsecurities.com
Server IP
173.236.22.138
Company Summary
Memon Securities Information
Memon Securities (Pvt. ) Ltd. is a Pakistani-based stock brokerage company that offers the Pakistan Stock Exchange platform accessible to trade on computers and portable devices. It has stocks, commodities, and mutual funds for investment. What has brought them down is no regulation, exposing investors to significant risk. Meanwhile, the company does not show any information about account types and trading fees.
Pros and Cons
| Pros | Cons |
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Is Memon Securities Legit?
Memon Securities operates without any regulations. The lack of regulation in such systems may open investors to a higher risk. The domain memonsecurities.com was updated on 2024-09-15 and is now in the states where the owner has locked down the domain from being transferred.
What Can I Trade on Memon Securities?
Memon Securities offers many trading options, including stocks, commodities, and mutual funds.
| Tradable Instruments | Supported |
| Mutual Funds | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ❌ |
| Metals | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Pakistan Stock Exchange Online Trading | ✔ | IOS and Andriod | Investors of all experience levels |
| MT5 | ❌ | IOS and Andriod | Investors of all experience levels |
Customer Service
You can contact Memon Securities 24/7 by email at amin_memon@hotmail.com or by phone at (021) 32414380, 32417511, 32438063.
| Contact Options | Details |
| Phone | (021) 32414380, 32417511, 32438063 |
| amin_memon@hotmail.com | |
| Support Ticket System | ❌ |
| Online Chat | ✔ |
| Social Media | Facebook, Instagram, Twitter, YouTube, etc |
| Supported Language | English |
| Website Language | English |
| Physical Address | Suite 154, 3rd Floor, Stock Exchange Building, Stock Exchange Road, Karachi, Pakistan. |
The Bottom Line
Memon Securities provides an interface to trade with stocks, commodities as well as mutual funds for the investors. However, there is no regulatory body that oversees the platform, hence investors are at high risk. Also, it lacks information such as fees and account types, which is another concern. For these reasons, Memon Securities is not a good choice for newcomers and may be appropriate only for those investors who are ready to work with unregulated platforms.
FAQs
Is Memon Securities good for beginners?
No. Due to the lack of regulation and potential risks, Memon Securities is not suitable for beginners.
Is Memon Securities good for day trading?
No. Lack of compliance and the unclear disclosure of fees are major worries.
How can I contact Memon Securities?
You can contact Memon Securities 24/7 by email at amin_memon@hotmail.com or by phone at (021) 32414380, 32417511, or 32438063.
Risk Warning
Online trading involves considerable risk. You should make sure to understand the risks involved and notice that the information above provided in this review may be subject to alteration.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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