Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Entity
No local licensing here
Which company you actually sign with in Pakistan, and whose licence that is.
the company you looked up
Pakistan Stock Exchange (TRE certificate holders) · 347 /Securities Broker/2020
Check it yourself:https://www.psx.com.pk/psx/resources-and-tools/TREC-Holders
From the registers
Each block below is one claim with the register it came from and the day we read it. Where we hold nothing, it says so.
Entries we hold about this company: 1. Registers they came from: 1 — Pakistan Stock Exchange Limited. Most recent reading: 2026-10-26. Everything on this page comes from those entries and from nothing else.
Every licence entry we hold for this company, as the register publishes it, with the day we read that register.
| Register | Status | Licence number | In force since | Registered as |
|---|---|---|---|---|
| Pakistan Stock Exchange Limited | Registered | 347 /Securities Broker/2020 | TRE certificate holder |
Where the licence was issued decides what stands behind it, and we print the regulator's class rather than a score. Pakistan Stock Exchange Limited — class: listed by an exchange in your own country, not licensed by its regulator. Supervision: The exchange admits and can suspend its own brokers. What the country's regulator holds on this firm is not published in a form we can read, so we do not print it either way. Compensation: None that we can confirm.
| What this licence class carries | What the register implies |
|---|---|
| Supervision | The exchange admits and can suspend its own brokers. What the country's regulator holds on this firm is not published in a form we can read, so we do not print it either way. |
| Compensation | None that we can confirm. |
Legal name as the register holds it: Amer Securities (Pvt.) Limited. Websites a register ties to it: amersecurities.com.
Public warning lists we read: 3 — Polish Financial Supervision Authority, Agency for Regulation and Development of the Financial Market, Securities and Exchange Commission of Pakistan. Entries we hold from them: 1385. Last reading: 2026-11-02. This company is not named in any of them. That is not a clean bill of health: it means no supervisor we read has published a notice about it.
Search the register yourself at www.psx.com.pk for Amer Securities (Pvt.) Limited — the legal name, not the brand. A register files the company; a website advertises the name. Where the two differ, this page prints both so you can find the entry we are quoting.
283 rows · good 2026-10-26 · tried 2026-11-02