Punjab Capital is an unregulated stock broker registered in Pakistan on November 29, 2016. It requires a minimum deposite of PKR 5 000 (approximately $18) and supports trading through KiTS, a Pakistan trading application.
Pros and Cons
Is Punjab Capital Legit?
Punjab Capital lacks any legal regulation, so when you encounter any fraud related issues, you may find yourself with nowhere to turn for assistance and recover your assets. Therefore, before trading with Punjab Capital, you must be cautious and verify its authenticity.
What Can I Trade on Punjab Capital?
You can only trade shares in Punjab Capital. Other trading instrument like forex pairs and commodities are not available.
Punjab Capital Commision
Punjab Capital's commission charging rules are rather complex, with a 30% margin requirement for leverage trading. Their services including equity trader facility, online trading terminal, and research reports at social media, all of which require commissions. Additionally, online fund transfers also charge fees.
For more details, please refer to the screenshot provided below:
Trading Platform
Punjab Capital only supports trading through KiTS, providing Stock rates of registered Stocks in Pakistan Stock Exchange (PSX), with order placement and trade summary features.
Customer Service
The Bottom Line
The Pakistan-registered stock brokerage Punjab Capital may seem attractive with its low minimum deposit of PKR 5 000. However, it lacks legal regulation and does not support global trading platforms such as MT4 or MT5. As a result, you are advised to avoid this brokerage and choose a legally regulated one.
FAQs
Is it safe to trade with Punjab Capital?
No, trading with Punjab Capital is unsafe given the lack of legal regulation.
What is the minimum deposit at Punjab Capital?
The minimum deposit is PKR 5 000.
What trading platforms are available at Punjab Capital?
You can only trade through KiTS at Punjab Capital.
