FSL Account Type

　　FSL offers various account types to cater to different trading needs. The primary account types include:

• Personal Account:
• Minimum Deposit: PKR 25,000 (approximately $237.20)
• Allows trading in shares or securities with a minimum deposit of PKR 5,000.
• Segregated accounts for client funds to ensure safety.
• Corporate Account:
• Designed for domestic financial institutions, mutual funds, banks, and high-net-worth individuals.
• Provides direct market access and extensive research coverage.
• Islamic Account:
• Offers services compliant with Islamic finance principles.
• Aimed at clients seeking Shariah-compliant investment options.
• Sahulat Account:
• Targeted at individual customers with a maximum investment limit of PKR 800,000.
• Allows trading only in the regular market with restrictions on leverage.

　　

FSL Broker Account Opening Process

　　To open an account with FSL, follow these steps:

• 　　Visit the FSL Website: Go to the official FSL website or visit a branch in person.

• 　　Choose Account Type: Select the appropriate account type that suits your trading needs (Personal, Corporate, Islamic, or Sahulat).

• 　　Complete Application Form: Fill out the account opening form and the FATCA form (W-8 BEN for non-U.S. residents, W-9 for U.S. residents).

• 　　Provide Required Documents:

• A valid identification document (e.g., national ID card or passport).
• Proof of residential address (e.g., utility bills or bank statements) within the last three months.
• For Sahulat accounts, no additional documents are required for low-risk customers.
• Submit Documents:
• For personal accounts, submit documents in person or via post.
• For corporate accounts, additional documents such as business registration certificates and board resolutions are required.

• 　　Account Verification: FSL will verify the submitted documents, which may take 4-6 business days but can extend up to two weeks.

• 　　Start Trading: Once your account is activated and adequately funded, you can begin trading.

　　For more details, you can refer to the official FSL website.