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DALAL SECURITIES

Moderate riskStockbroker
Pakistan · 5-10 years · since 2019-08-15 · DALAL SECURITIES (PVT) LTD.
This is a stockbroker, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
48/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that DALAL SECURITIES actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
48
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameDALAL SECURITIES (PVT) LTD.
Headquarters Pakistan
Founded2019-08-15
Years operating5-10 years
Employees0
Official websitedalalsecurities.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
ROOM # 103 1ST FLOOR, BUSINESS & FINANCE CENTRE, I.I. CHUNDRIGAR ROAD, KARACHI.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

FXCanary’s assessment of Dalal Securities is guarded. The firm appears to be a Pakistan-based stockbroker with a long-established presence in the local market. However, our regulatory records do not list any current licence, while the website asserts SECP regulation—a discrepancy that warrants further verification. The official registration date of 2019 also conflicts with the firm’s claimed history dating back to 1962. As a result, traders are advised to exercise caution and conduct independent due diligence before engaging with the broker.

Best for
  • Pakistan stock market investors
  • Local equity traders
Not for
  • Retail forex/CFD traders
  • International clients seeking regulated offshore broker
Period:

Real user reviews

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What DALAL SECURITIES says about itself as stated by the broker · not independently verified by FXCanary

Introduction

Dalal Securities (Pvt) Ltd states that its predecessor, M/s A.G. Dalal, was established in 1962 as a brokerage house. The firm claims it was incorporated on June 4, 2001, and commenced business on June 25, 2001.

According to its website, it is one of the most senior and reputable brokerage houses in Pakistan, holding a Trading Right Entitlement (TRE) Certificate from the Pakistan Stock Exchange Limited (PSX).

Regulation

The broker asserts that it is regulated by the Securities and Exchange Commission of Pakistan (SECP) and is a TRE Certificate Holder of the Pakistan Stock Exchange.

It also directs clients to SECP’s investor education initiative, JamaPunji, for scam awareness.

Account Opening

Dalal Securities states that clients can open an account by downloading and filling the Account Opening Form and submitting it with required documents.

The firm provides a contact form and digital payment portal for client convenience.

Digital Payments

The broker offers a Digital Payment Portal enabling secure electronic fund transfers (EFT).

It provides a QR code and bank account details, instructing clients to verify the beneficiary name and send payment receipts via email.

Financial Transparency

Dalal Securities claims to publish audited financial statements for the past five years.

It also lists its auditor as UHY Hassan Naeem & Co., Chartered Accountants, with a 'B' category rating from ICAP/SBP.

About DALAL SECURITIES

Background

Dalal Securities (Pvt) Ltd is a stockbroker based in Karachi, Pakistan. According to our records, the firm was registered on August 15, 2019. However, the company’s website claims a longer history, stating that its predecessor was established in 1962 and that the current entity was incorporated in 2001.

The firm operates from Room #103, 1st Floor, Business & Finance Centre on I.I. Chundrigar Road, Karachi. This address matches the one provided in our known facts.

Regulation – Our View

The official regulatory status of Dalal Securities is a point of caution. Our independent database does not list any active regulatory licence for the broker. This absence is significant for any trader considering the firm.

The company’s website, however, claims to be regulated by the Securities and Exchange Commission of Pakistan (SECP) and to be a TRE Certificate Holder of the Pakistan Stock Exchange. Traders should independently verify this claim with the SECP before proceeding.

Services and Products

The broker’s core offering is equity brokerage services on the Pakistan Stock Exchange. It provides a digital payment portal for fund deposits, online account opening, and access to audited financial statements.

The firm’s website also highlights investor education resources and a complaints portal linked to SECP and PSX. These features suggest an attempt at transparency and client support.

Target Audience

Dalal Securities primarily targets Pakistani investors and traders interested in the local equity market. The firm does not appear to offer forex, CFDs, or international trading instruments.

Its services are tailored to clients seeking a domestic stockbroker with a claimed long-standing presence in the market. International traders may find limited suitability.

Financial Transparency

The broker publishes audited financial statements for the last five years on its website, indicating a degree of financial transparency. It also lists its auditor and provides details for contacting the firm directly.

However, the lack of independent regulatory confirmation tempers the assurance this transparency offers. Ultimately, the decision to trade with Dalal Securities rests on verified regulation and due diligence.

Overview compiled by FXCanary from regulatory records and public data. full DALAL SECURITIES review