All PSX Brokers
SECP-Licensed Brokerage Firm Directory

The Pakistan Stock Exchange has approximately 200+ TREC-holding brokerage firms licensed by the Securities and Exchange Commission of Pakistan (SECP). Each broker holds a Trading Right Entitlement Certificate (TREC) that authorizes it to execute trades on the PSX. The broker directory on this page tracks the most active firms by trading volume, new client onboarding (UINs opened), and market participation, updated monthly from official PSX data via Capital Stake's data infrastructure.

A TREC (Trading Right Entitlement Certificate) is the official license issued by the Pakistan Stock Exchange that authorizes a brokerage firm to execute trades on the exchange. Each TREC has a unique number assigned by the PSX — when evaluating a broker, the TREC number confirms it is a legitimate, SECP-regulated entity authorized to handle client trades. The TREC column in the table above shows the official number for every listed broker. Always verify a broker's TREC status before opening an account.

The broker directory ranks PSX brokers by multiple market activity metrics — including total traded volume in shares, total traded value in PKR, the number of new UINs (Unique Identification Numbers) opened in the most recent month, and the count of most active client accounts. Sort the table by any column to see the current rankings. Top brokers by volume historically include established firms like Munir Khanani Securities, JS Global Capital, AKD Securities, KTrade Securities, BMA Capital Management, Foundation Securities, Standard Capital Securities, and Arif Habib Limited.

Different brokers offer different strengths — commission structures, research coverage, product access, and customer service quality vary across firms. When choosing a PSX broker, consider trading volume and market presence (signals stability and execution quality), brokerage commission rates, research and advisory services (some firms provide deeper analyst coverage), customer support responsiveness, and minimum account opening time. Active traders should also consider whether the broker supports advanced order types and offers margin financing facilities like MFS or MTS.

Yes — and this is where StockIntel changes the model. Most Pakistani investors operate with a single broker because each broker's platform is siloed. StockIntel is Pakistan's first multi-broker trading platform, letting you connect multiple SECP-licensed broker accounts simultaneously and route orders to any of them from one unified interface. Currently you can connect accounts with Munir Khanani Securities, Chase Securities, Yasir Mahmood Securities, and Zahid Latif Khan Securities — switching routing per-order via a dropdown, with one consolidated portfolio view across all connected brokers. New broker integrations are added regularly, with status indicators (AVAILABLE / IN PROGRESS) shown in the table above.

Most major PSX brokers now support fully digital account opening, eliminating the need for branch visits, paperwork, or physical signatures. The process typically takes under 10 minutes and is completed with a valid CNIC (or NICOP for overseas Pakistanis) and e-signature of broker forms. Brokers connected to StockIntel — Munir Khanani Securities, Chase Securities, Yasir Mahmood Securities, and Zahid Latif Khan Securities — all support fully digital onboarding directly through the StockIntel platform, with broker activation completing within 2-4 business days after NCCPL and CDC verification.

The Status column in the broker directory shows which brokers are currently integrated with StockIntel's multi-broker trading interface. AVAILABLE brokers — currently Munir Khanani Securities, Chase Securities, Yasir Mahmood Securities, and Zahid Latif Khan Securities — can be connected to StockIntel today for live multi-broker trading. IN PROGRESS brokers are firms whose API integration is being built and tested for upcoming release. The directory itself displays every major PSX broker regardless of integration status — making this a complete reference for the Pakistani brokerage landscape, not just a list of StockIntel partners.

All PSX brokers are regulated by the Securities and Exchange Commission of Pakistan (SECP) — Pakistan's apex capital markets regulator. SECP grants brokerage licenses, monitors compliance with capital adequacy requirements, oversees client fund protection rules, and enforces conduct standards. Brokers also operate under the rules of the Pakistan Stock Exchange itself, the Central Depository Company (CDC, which custodies client shares), and the National Clearing Company of Pakistan Limited (NCCPL, which handles trade settlement). When opening an account, your shares are held in your own CDC sub-account — not in the broker's custody — providing structural protection for your assets.

Regardless of which broker you choose, PSX trading involves several standard costs: brokerage commission set by the broker (typically a small percentage of trade value, varying by broker and account type), CDC charges as per official Central Depository Company tariff for share custody and transfers, Capital Gains Tax (CGT) withheld by your broker per FBR rates, PSX and SECP regulatory fees (minimal per-trade charges set by the regulators), and Federal Excise Duty on brokerage commission. These costs apply to every PSX trade and are the same whether you trade through a broker app, StockIntel, or any other platform — only the brokerage commission varies meaningfully between brokers.

Yes. Overseas Pakistanis can open PSX trading accounts through any SECP-licensed broker that supports Roshan Digital Account (RDA) integration. Funds are remitted through SBP-approved RDA channels, and all repatriation rules apply as set by the State Bank of Pakistan. Many major brokers — including Munir Khanani Securities, JS Global Capital, AKD Securities, BMA Capital Management, and Arif Habib Limited — support RDA-linked trading accounts. The full StockIntel feature set, including multi-broker trading, charting, screening, and API access, is available to RDA holders identical to domestic accounts.

All broker directory data — TREC numbers, monthly trading volumes, new UINs opened, traded values, and most active client account counts — is sourced from Capital Stake, the brand name of CS Solutions (Pvt.) Ltd., a Lahore-based institutional financial data provider operating since 2014. The directory is updated monthly with the most recent verified data.

Opening a brokerage account through StockIntel takes under 10 minutes and is fully digital. Choose a partner broker from the AVAILABLE list — Munir Khanani Securities, Chase Securities, Yasir Mahmood Securities, or Zahid Latif Khan Securities — then complete CNIC-based KYC inside the StockIntel app, e-sign the broker's standard account-opening forms, and fund your account via IBFT or RAAST transfer. Your broker activates the account within 2-4 business days after NCCPL and CDC verification. Once active, the account connects to StockIntel automatically — giving you access to Pakistan's first multi-broker trading platform, real-time PSX data, full TradingView charting, 150+ filter fundamental screener, and the first PSX algorithmic trading API.