Irfan Mazhar Securities

Irfan Mazhar Securities (Private) Limited is a Pakistan-based brokerage firm, operating under the domain imsecurities.pk. According to our records, it was incorporated on August 16, 2019, though its website claims to have been in business since 2001. The firm’s registered address is 523, 5th Floor, Stock Exchange Building, Stock Exchange Road, Karachi, Sindh, Pakistan. It presents itself as a privately owned equity and commodity brokerage, with ownership held within the sponsor family.

As of our latest check, Irfan Mazhar Securities does not appear on any specific regulatory register for forex or CFD brokers. The firm’s website states it is a corporate member of the Pakistan Stock Exchange (PSX) and the Pakistan Mercantile Exchange (PMEX). This membership implies it is subject to the rules and oversight of these exchanges, but such oversight is limited to exchange-traded equities and commodities, not over-the-counter forex or CFD products. There is no indication that the firm is licensed by a dedicated financial regulator like the SECP or any other conduct authority.

The broker’s core offerings are equity and commodity brokerage services, with trading access through the Karachi Internet Trading System (KITS) for stocks and PMEX for commodity futures. The website also mentions investment advisory and financial news. Account opening forms and login portals are available online. The firm does not appear to offer retail forex or CFD trading, which sets it apart from typical FX/CFD brokers. Instead, it caters to clients interested in Pakistan’s local capital markets.

Irfan Mazhar Securities serves both individual/retail investors and corporate/institutional clients. Customer support is available by phone, fax, email, and mail during business hours (Monday to Friday, 8:30 am to 5:00 pm). An investor grievance mechanism is in place, directing complaints to the Chief Financial Officer. The firm’s website also provides a liquid capital statement, indicating ongoing compliance with exchange capital requirements.

For traders seeking forex or CFD exposure, Irfan Mazhar Securities is not a relevant option, as it does not offer leveraged FX/CFD trading. The broker’s FXCanary Scam Risk Score is 48/100 (Guarded), reflecting the absence of direct forex regulation and limited public information. While membership in local exchanges provides some oversight, it does not extend to the protections associated with dedicated forex regulation. Potential clients should verify the firm’s current standing with PSX and PMEX and consider whether its equity and commodity services meet their needs.