MRA Forex Broker

MRA Review SummaryFounded2012Registered Country/RegionPakistanRegulationNo RegulationTrading ProductSecuritiesTrading Platform/Minimum DepositRs. 5,000Customer SupportPhone: 32410136-40, 32414112-15Email: Zubair_karachi@hotmail.com; Zubair@mra.com.pkAddress: Room No 416, 4th Floor, Room No 701 & 733 & 738-741, 7th Floor, Main Stock Exchange Building, KarachiMRA Information MRA Securities Ltd. is a Pakistan-based financial services company established in 2012 with a focus on stock trading. The company offers a standard account service that requires a minimum deposit of Rs 5,000 and a commission of 3 paisa per share or 0.15 per cent of the trade value, whichever is higher, up to a maximum of 2.5 per cent. However, as MRA Securities Ltd. is not regulated by any regulatory body, this may raise concerns among clients about its legitimacy and safety.Pros and ConsProsCons/No regulationLimited info on deposit and withdrawalIs MRA Legit? Although the MRA claims that it can file a complaint with the SECP if it is inadmissible, MRA is not regulated. Traders need to be cautious when trading.What Can I Trade on MRA?Trading ProductsSupportedSecurities✔Forex❌Commodities❌Indices❌Cryptocurrencies❌Bonds❌Options❌Funds❌ETFs❌Minimum Rate The minimum rate ranges from 3 paisa per share or 0.15% of the trade value (whichever is higher) up to a maximum of 2.5% of the trade value.Transaction TypeMinimum Rate Ready Delivery Contract Market (“Ready Market”) - Normal3 paisa or 0.15% (whichever is higher)Ready Market - Intra-Day SquaredArbitrage between Ready and Futures Market0Ready Market trade financed through Margin Trading System / Margin Financing System / Murabaha Share Financing3 paisa or 0.15% (whichever is higher)Deliverable Futures Contract MarketDeliverable Futures Contract Market - Squared TransactionProprietary Trade and trades of Sponsors and Directors of the Securities Broker and their immediate family members0Deposit and Withdrawal To deposit the initial amount in your MRA Securities Ltd. Account, you can send a cheque, pay order, or demand draft (DD) in favor of “MRA Securities Ltd.” by mail or deliver it personally to their Head Office at Office No. 739-741, 7th Floor, Karachi Stock Exchange Building, Karachi, Pakistan.