About MRA
Overview
MRA Securities Ltd. is a financial services company based in Pakistan, established in 2012. It operates primarily as a stockbroker, facilitating trading on the Pakistan Stock Exchange (PSX) for local investors.
The company's registered address is located in the main stock exchange building in Karachi, indicating a physical presence in Pakistan's financial hub. MRA Securities Ltd. offers a standard account type for retail clients, with a minimum deposit requirement of Rs 5,000.
Regulation and Safety
Our review found no regulatory licences on file for MRA Securities Ltd. The company does not appear to be regulated by the Securities and Exchange Commission of Pakistan (SECP) or any other financial authority. This absence of oversight means that client funds are not protected by any investor compensation scheme.
Traders should exercise caution when considering this broker, as the lack of regulation increases the risk of disputes or financial loss without recourse to a regulatory ombudsman.
Account Types and Fees
MRA Securities Ltd. offers a single standard account with a modest minimum deposit of Rs 5,000. The commission structure is based on 3 paisa per share or 0.15% of the trade value, whichever is higher, capped at a maximum of 2.5%. This fee model is typical for local stockbrokers in Pakistan.
The company's focus on equities trading suggests it does not provide leveraged forex or CFD products. Traders looking for currency or commodity derivatives will need to seek alternative brokers.
Trading Platforms and Instruments
No information is available about the trading platforms offered by MRA Securities Ltd. Given its status as a stockbroker, it likely provides web-based or mobile access for PSX trading. The instrument range appears limited to stocks listed on the Pakistan Stock Exchange.
Without verified platform details, traders should confirm technical capabilities directly with the company before opening an account.
Conclusion
MRA Securities Ltd. is a Pakistan-based stockbroker with a long-standing presence in the local market. However, its unregulated status and lack of publicly available information make it a guarded option for investors. We recommend thorough due diligence before committing funds.
For traders seeking regulated brokers with clear transparency, alternative choices may offer greater protection. The absence of independent reviews further complicates assessment of the broker's reliability.
Overview compiled by FXCanary from regulatory records and public data. full MRA review