Asad Mustafa Information
Asad Mustafa Securities (Private) Limited operates as a TREC member of the Pakistan Stock Exchange Ltd., Established on November 11, 2013, the company is registered with the Securities & Exchange Commission of Pakistan and holds licenses for both securities and commodities brokerage. As part of its services, Asad Mustafa Securities offers Shares Trading and Futures Transactions to clients.
However, investors should be mindful of concerns regarding the company's regulatory oversight. The lack of robust regulatory supervision can introduce risks that require careful consideration before engaging in transactions through Asad Mustafa Securities.
In the following article, we will analyse the characteristics of this company in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros & Cons
Pros:
- Physical Share Conversion: The firm facilitates the conversion of physical shares into CDC, providing convenience for clients who prefer electronic holdings.
Cons:
- Limited Regulatory Oversight Concerns: Despite being registered with SECP, there are concerns among investors about the level of regulatory oversight, which affects confidence in the firm's operations.
Is Asad Mustafa Legit？
When considering the safety of a financial company like Asad Mustafa or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:
- Regulatory sight: The broker's current operation without legitimate regulatory oversight only fuels concerns about its legitimacy and trustworthiness. These worries are compounded by the broker's inaccessible website.
- User feedback: To get a deeper understanding of the exchange, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
- Security measures: So far we have not found any security measures from the company's website. It is recommended for you to seek for clarification before step into actual trading to ensure your assets are properly protected.
In the end, choosing whether or not to engage in trading with Asad Mustafa is an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Services
Asad Mustafa offers a range of services tailored to meet diverse client needs in equity broking. Their offerings include:
- Shares Trading: Asad Mustafa Securities provides comprehensive equity trading services, facilitated by experienced sales traders who stay abreast of market trends and ensure efficient execution and settlement. Clients can engage in regular transactions, where purchases are settled on a T+2 basis through the Pakistan Stock Exchange, requiring full cash deposits for share acquisition in CDC sub-accounts.
- Futures Contract Transactions: Clients can participate in futures contracts, allowing for the purchase and sale of shares at predetermined prices set for future dates. This service, initiated by the Pakistan Stock Exchange, features monthly contracts settling on the last Friday of each month.
- Spot Transactions (T+1): For immediate settlement upon payment, Asad Mustafa Securities offers spot transactions that ensure trades are settled within 24 hours, ideal for quick transactions and corporate actions.
- Provisional Transactions: During the interim period between a company's IPO and formal listing, provisional transactions enable trading of newly offered shares. Once listed, these transactions transition to T+2 counters, adhering to standard trading protocols.
Minimum Deposit
Asad Mustafa maintains accessible entry requirements for opening an online trading account at AMS Trade. Prospective clients can begin trading with a minimum deposit of Rs. 10,000. Alternatively, they can open an account by depositing CDC or physical shares valued at Rs. 10,000. This flexibility allows individuals to start investing in the Pakistan Stock Exchange with a manageable initial investment, ensuring that trading opportunities are within reach for a wide range of investors.
Fees
Asad Mustafa offers transparent fee structures to its clients, ensuring clarity and predictability in trading costs.
For converting physical shares into CDC (Central Depository Company) format, the company charges a fee of Rs. 5 per share, with a minimum conversion cost of Rs. 1500.
Notably, there are no registration fees or annual fees levied by Asad Mustafa Securities.
For more details regarding trading fees, you should contact with the company for clarification and acknowledgement to ensure you are aware of all transaction costs.
Customer Service
Customers can contact Asad Mustafa Securities through various methods including visiting their offices, calling them via phone, emailing their designated email addresse, accessing their FAQ section on their website for common inquiries, and using a feedback form provided on their official website for direct communication and support.
Head office: Room No. 305, 3rd Floor LSEFSL Plaza, South Tower, 19 Khayaban-e-Aiwan-e-Iqbal, Lahore.
Phone#: 042-36304447, 042-36300447
UAN 0348-1112601
Email: info.asadmustafa@gmail.com
Conclusion
In conclusion, Asad Mustafa, a financial firm based in Pakistan, offers shares trading and futures trading services to its clients. While it provides these investment opportunities, the absence of robust regulatory oversight raises concerns for interested investors.
Therefore, investors should proceed with caution, make full research of the company and consider alternative firms that provide stronger regulatory assurances, particularly if regulatory oversight is a key consideration in their investment criteria.
Q&A
- Is Asad Mustafa regulated？
No. The broker is currently under no valid regulation.
- Is Asad Mustafa a good broker for beginners？
No, the company is not regulated by any authorities, which means it lacks the official oversight that typically provides investor protection, which is crucial for beginners and seasoned investors alike.
- Does Asad Mustafa Securities charge any fees for account opening？
Yes, there is a minimum deposit requirement of Rs. 10,000 for opening an online trading account with Asad Mustafa Securities. Clients can also use CDC or physical shares worth Rs. 10,000 to meet this requirement.
- What services does Asad Mustafa Securities offer？
Asad Mustafa Securities provides comprehensive shares trading and futures transaction services to its clients, facilitated through its membership with the Pakistan Stock Exchange.
- What are the trading settlement procedures at Asad Mustafa Securities？
Asad Mustafa Securities operates on a T+2 settlement system for regular transactions, where trades are settled two working days after the trade day.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
