About BABA
Company Overview
BABA, operating under the official domain bel.com.pk, is a brokerage firm registered in Pakistan. The company was founded on 28 August 2019 and is legally known as BABA Equities (Pvt) Ltd. Its registered address is Room No. 1208, 12th Floor, ISE Towers in Karachi.
The firm describes itself as engaged in brokerage services, offering access to the Pakistan Stock Exchange (PSX) and the Pakistan Mercantile Exchange (PMEX). As a locally registered entity, it targets traders and investors within Pakistan who wish to trade equities and commodities through these exchanges.
Regulatory Status
Our review could not confirm any regulatory licences for BABA from an official financial authority. The known facts record no regulators on file for this broker. While the firm operates under a registered company in Pakistan, this does not equate to being licensed by the Securities and Exchange Commission of Pakistan (SECP) or any other regulatory body.
The absence of regulatory oversight introduces significant risk for potential clients. Without a recognised regulator, traders lack access to compensation schemes, dispute resolution mechanisms, and standard investor protections. FXCanary’s Scam Risk Score for BABA is 46 out of 100, labelled 'Guarded', reflecting this unregulated status and general informational opacity.
Products and Services
Based on available information, BABA offers two main account types: PSX accounts for trading equities on the Pakistan Stock Exchange, and PMEX accounts for trading commodity futures on the Pakistan Mercantile Exchange. The company description does not specify any minimum deposit, leverage, or fee structures.
No details about trading platforms, instruments beyond PSX and PMEX, or additional services (such as research or education) have been publicly disclosed. The lack of transparent pricing and product information is a red flag for traders accustomed to clear account specifications from regulated brokers.
Target Audience
BABA appears to cater to local Pakistani traders seeking to participate in the country’s domestic stock and commodity markets. Its offering is limited to PSX and PMEX, making it unsuitable for those looking for international forex, CFD, or multi-asset trading.
The broker’s focus on Pakistan-specific exchanges means it appeals primarily to retail investors familiar with the local market landscape. However, the regulatory gap and limited information may deter risk-averse traders.
Overview compiled by FXCanary from regulatory records and public data. full BABA review