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
Securities and Exchange Commission of Pakistan
Check it yourself:https://www.secp.gov.pk/data-kd-and-statistics/investor-alerts/
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 — Securities and Exchange Commission of Pakistan. Most recent reading: 2026-11-02. Everything on this page comes from those entries and from nothing else.
Securities and Exchange Commission of Pakistan names this company on its public warning list, filed under: investor alert. Date we read the list: 2026-11-02, at www.secp.gov.pk. The entry, in the regulator's own words: «» The register's own identifier column for it: M.R. Securities (SMC Pvt) Limited.
Legal name as the register holds it: M.R. Securities (SMC Pvt) Limited. Websites a register ties to it: mrsecurities.com.pk.
Search the register yourself at www.secp.gov.pk for M.R. Securities (SMC 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.
3 rows · good 2026-11-02 · tried 2026-11-02