Are you a Pakistani investor with dreams of investing in US Indices such as Nasdaq, S&P500, gold, currency pairs, and more? Well, the good news is that it’s possible, and the way to do it is through the Pakistan Mercantile Exchange (PMEX). In this blog, we’ll take you on a journey through the exciting world of international investment, explaining how you can trade on PMEX and why it’s worth considering.
What Is PMEX?
The Pakistan Mercantile Exchange Limited (PMEX) is Pakistan’s first and only multi-commodity futures exchange. It is regulated by the Securities and Exchange Commission of Pakistan (SECP). PMEX offers a diverse range of futures contracts based on various commodities and financial instruments, including both cash-settled and deliverable futures contracts. Visit our global markets playlist to learn more.
Why Trade Futures at PMEX?
Let’s start with the big question: Why should you consider trading futures at PMEX?
1. Market Transparency
PMEX prides itself on market transparency. It uses electronic matching to ensure that bids and offers are matched fairly and efficiently, creating a level playing field for all traders.
2. Global Prices
The prices of commodities listed at PMEX are closely tied to global exchanges. This means that you can tap into global trends and diversify your portfolio.
3. Price Discovery
PMEX is an ideal platform for trading local commodities in substantial quantities, making it easier to participate in your chosen market.
4. Counterparty Guarantee
Clearing and settlement on PMEX are guaranteed through a regulated clearinghouse. This adds a layer of security to your trades.
5. Risk Management
PMEX has a robust risk management framework, aligning itself with international best practices. This helps protect your investments.
6. Time Zone Convenience
With 21 hours of seamless trading, PMEX offers trading opportunities virtually round the clock, allowing you to trade at your convenience.
7. Margin-based Trading
You don’t need to invest the full value of a contract. Instead, you can put up a fraction of the contract value as a margin, potentially increasing your trading capacity.
8. Regulated Futures Market
PMEX is regulated by the Securities and Exchange Commission of Pakistan, ensuring a safe and secure trading environment.
Trade in Global Markets with KTrade!
Before we dive deeper into PMEX, you should know that KTrade is a certified PMEX broker. With over 200,000 registered users, KTrade is a trusted name in the industry. Not to mention, we’ve been steadily climbing the charts in the top brokers of the day, rated by PMEX itself. So, if you’re looking for a place to start your journey in futures trading, visit our website to learn more.
How to Get Started?
Ready to start your journey into international trading through PMEX? Here’s how you can get started:
1. Selection of Broker
The first step is to choose a registered broker, such as KTrade, that aligns with your investment goals. Ensure that your selected broker is licensed by the SECP for your protection.
2. Account Opening
Opening an account is the next step. You can do this either through an online process or a conventional one. The online process is user-friendly and efficient, allowing you to get started quickly. With KTrade Global Markets, you can sign up easily through our WhatsApp and Website. You can also open a demo account, to test out your trading skills before you sign up for the real thing. Watch the video below to learn how!
3. Login Credentials
Once your account is opened, you’ll receive login credentials for the trading platform.
4. Profile Approval
Before you start trading, it’s essential to approve your profile on the PMEX Back Office application.
5. Funds Deposit & Withdrawal
PMEX offers a Direct Fund Mode (DFM) for depositing and withdrawing funds, ensuring control and transparency over your finances.
By following these steps, you can embark on your journey to trade in foreign markets through PMEX. While the opportunities are exciting, always remember that there are risks involved in trading. It’s crucial to conduct thorough research and seek advice from professionals to make well-informed decisions. This is why we recommend you start out with KTrade Securities – your trusted PMEX broker! You can also follow us on Facebook to get the latest Global Markets updates.
So, whether you’re a seasoned investor or just starting on your investment journey, consider exploring international markets through PMEX. Happy investing!