Zafar Securities

Zafar Securities (Private) Limited, operating under the brand Zafar Stocks, is a Pakistan-based stockbroker and commodity broker founded on August 19, 2019. The firm is registered in Lahore, Pakistan, with its registered address at 401 Siddiq Trade Centre, Gulberg, Lahore. It presents itself as a full-service brokerage house catering to the Pakistani market.

The broker claims membership with the Pakistan Stock Exchange (PSX) as a TREC holder (registration number 068) and the Pakistan Mercantile Exchange (PMEX). It also references membership with the Lahore Stock Exchange in older materials. These affiliations allow it to offer trading in equities and commodity futures.

Our records indicate that Zafar Securities does not hold a regulatory license from a financial regulator. While the firm states it is a member of PSX and PMEX, it does not publicly display a registration number with the Securities and Exchange Commission of Pakistan (SECP), which typically regulates securities brokers in Pakistan. The broker has an internal AML/KYC policy document dated January 2021, suggesting some compliance procedures, but the absence of verifiable regulatory oversight remains a material concern.

FXCanary's Scam Risk Score for Zafar Securities is 75 out of 100, indicating a severe risk level. This high score reflects the lack of a known regulatory license, the broker's relatively short operating history (since 2019), and the limited independent information available. Traders should exercise extreme caution and verify the broker's credentials directly with local authorities before committing funds.

Zafar Securities offers two primary product categories: stock trading on the PSX and commodity trading on the PMEX. It does not appear to offer retail forex or CFD trading, which distinguishes it from international forex brokers. The firm also provides underwriting services for companies seeking listings on the PSX and offers margin financing for eligible clients.

The broker supports investment in both local Pakistani equities and commodity futures contracts. It does not mention access to international markets or foreign exchange products. This makes it suitable only for traders interested in Pakistan's domestic financial markets.

According to the broker's website, the minimum deposit to open an account is Rs 5,000, which is a low entry barrier for Pakistani investors. The account opening process can be completed digitally, with separate portals for PSX and PMEX accounts. There is also a Roshan Digital Account option for overseas Pakistanis, facilitating investment from abroad.

The broker does not explicitly list different account tiers (e.g., silver, gold, platinum) on its website. Instead, it appears to offer a single account type with access to all services. Clients can choose between various trading platforms based on their preference.

Zafar Securities provides multiple trading platforms to suit different devices and user preferences. The BOS (Browser Order System) trading terminal is available for Windows and macOS, while a web-based terminal allows trading from any browser. Mobile apps for both Android and iPhone are also offered, enabling on-the-go trading.

The platforms feature live charting, real-time quotes, and order execution capabilities. The broker claims quickest order execution and a user-friendly interface. However, independent reviews of these platforms are not available, and their reliability cannot be independently verified.

The broker emphasizes personalized interaction with client executives and claims to provide professional advice on investment decisions. It offers a research portal and educational videos to support traders. Customer support is available via phone and email, with offices in Lahore, Faisalabad, and Karachi according to its FAQ.

The firm's social media presence includes Facebook, Instagram, LinkedIn, Twitter/X, and YouTube, though activity levels are not assessed. Given the lack of independent user reviews, the quality and responsiveness of customer support remain unconfirmed.