The PSX Online Broker License allows businesses and individuals to legally operate as digital brokerage firms in Pakistan, offering online trading services through the Pakistan Stock Exchange (PSX).
In simple words if you want to become a licensed online stockbroker in Pakistan, you must get authorization from SECP (Securities & Exchange Commission of Pakistan) and PSX (Pakistan Stock Exchange).
With this license, your firm can:
Trade securities online.
Offer investment and trading services to clients across Pakistan.
Operate digitally without needing a physical office branch.
At MAH&CO., our corporate lawyers in Karachi provide complete consultancy to help startups, entrepreneurs, and financial professionals obtain their PSX Online Broker License quickly, accurately, and compliantly.
MAH&CO. offers complete legal and procedural support for obtaining your PSX online broker license. Our services include.
We prepare and submit all necessary applications and forms required by SECP and PSX, ensuring 100% compliance with the latest regulations.
We help you understand and manage Trading Right Entitlement Certificate (TREC) requirements essential for traditional and online brokerage firms.
Our experts review your business structure, contracts, and internal policies to make sure your brokerage firm fully complies with SECP guidelines, AML/CFT obligations, and PSX regulations.
We advise on the technological framework (online trading systems, cybersecurity, data protection) required to meet PSX’s online trading standards.
Once licensed, MAH&CO. assists in renewals, amendments, and ownership or management structure changes to keep your operations uninterrupted.
We provide continuous support for reporting, audits, and regulatory inspections, helping your firm stay compliant every step of the way.
Operating a brokerage business in Pakistan without a license can result in heavy penalties and legal action under SECP and PSX laws.
Here’s why a PSX Online Broker License is essential:
Legitimacy & Legal Protection: Gain official recognition as a licensed online broker in Pakistan.
Investor Confidence: A PSX license builds trust with clients and investors.
Access to PSX Markets: Trade directly through Pakistan’s main stock exchange.
Digital Freedom: Operate fully online, without needing physical offices.
Regulatory Compliance: Avoid fines, audits, or suspension by meeting SECP standards.
Business Expansion: Licensed brokers can collaborate with fintech platforms and international investors.
Whether you’re a Karachi based startup or a growing investment firm, obtaining this license ensures your brokerage operates legally, securely, and competitively.
At MAH&CO., we’ve helped numerous corporate and financial clients successfully obtain their brokerage licenses in Pakistan.
We assess your business model, goals, and readiness for PSX licensing.
We help register your company with SECP, ensuring it meets capital, ownership, and governance requirements.
Our legal team prepares the license application, business plan, policies, and supporting documents in accordance with SECP and PSX standards.
We handle submission, follow ups, and correspondence with PSX and SECP on your behalf.
We assist in meeting PSX’s IT and cybersecurity requirements for online-only brokers.
Once approved, we provide continued guidance for annual filings, audits, and renewals.
A PSX Online Broker License is the official authorization from SECP and PSX that allows firms to operate as digital brokerage houses offering online stock trading services in Pakistan.
You can apply through the SECP licensing portal or hire corporate lawyers near you in Karachi like MAH&CO., who handle the process end-to-end — from documentation to final approval.
Typically, 45 to 90 working days, depending on documentation accuracy, capital structure, and SECP review.
Requirements include company registration, TREC eligibility, SECP capital adequacy, AML/CFT compliance policies, and secure IT systems.
No. Operating without a license violates SECP and PSX regulations and may lead to legal action.
No. PSX allows “Online-Only Broker Licenses” where operations are fully digital — ideal for fintechs and startups.
MAH&CO. offers legal, technical, and regulatory expertise to ensure smooth licensing, fast approvals, and full compliance with SECP and PSX laws.
