FAQs - Commodities
Gold, Crude Oil, Silver, Copper, Cotton, EUR/USD, GBP/USD, USD/JYP, AUD/USD, USD/CAD, USD/CHF
Tola Gold, Milli Tola
The Commodity market is an international market and is traded via the Pakistan Mercantile Exchange. It is one of the largest markets in the world and trades based on the global (US, EU & China) macro environment
Upto 22x leverage available on Futures Products free of cost
Simply fill out the account opening form and attach an attested copy of your CNIC along with a cheque. Account should be operational within 3 business days
Minimum account size is PKR 100,000
You can trade online from anywhere in the world via a password provided to you from BIPL Securities or trade through our traders via phone
Payment can either be made via cheque or by depositing funds in the accounts below. Please email deposit slip to
BIPL Securities if funds are deposited directly in the accounts.
Bank Name: Meezan Bank Limited
Account Title: Pakistan Mercantile Exchange Ltd.
Account Number: 0103648355
Beneficiary email (if available): firstname.lastname@example.org
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You will receive our research report in addition to a call from your trader with the intra‐day market view daily. BIPL Securities also sends 1 SMS daily from Mon-Fri with our market view
You have access to our traders from 9am to 12am midnight
No withholding tax is being applied on Commodities
The Client will initiate a withdrawal request through Client Portal and the same will be sent to Broker for onwards approval.
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Rates quoted on PMEX are in USD. At the point of trade or when taking positions, the USD is converted to/from PKR. The official conversion rate is previous day’s closing given by SBP
FAQs - Currency
Forex stands for ‘Foreign Exchange’. It is the process of buying and selling currencies. Participants include central banks, currency speculators, organizations, governments, retail investors and international investors.
Forex is traded in currency pairs. You are effectively comparing one currency with another. For example, the EUR/USD at 1.4022 shows how much one euro (EUR) is worth in us dollars (USD). Common currency pairs are the Euro/US Dollar (EUR/USD), US Dollar/Japanese Yen (USD/JPY), British Pound/US Dollar (GBP/USD). You can buy and sell each currency.
The market operates from 5am – 2am from Monday morning through Friday night.
To be able to trade you only need a device with an internet connection and a funded trading account. Once you are setup, you can trade from anywhere in the world.
Leverage is used to increase your purchasing power. PMEX provides a leverage of up to 50:1 at no cost. This means that with a deposit of PKR100,000 you can trade with up to PKR5,000,000. This can allow you to take advan‐ tage of even the smallest moves in the market.
The spread is the difference between the BUY price and the SELL price of two instruments. For example, if the EUR/USD is trading at 1.3100 (buy) and 1.3098 (sell), then the spread is 2 pips.
Going “long” is when a trader buys an asset expecting the value to rise. Going “short” is when a trader sells an asset, expecting the price to decline.
Economic and political conditions usually affect the value of an asset, along with interest rates, inflation, and supply and demand.
No. PMEX does not execute orders during off‐hours.
The foreign exchange market is the biggest and most liquid financial market in the world at $5 Trillion a day. This makes it typically very easy to get into and out of trades at any time, even in large sizes.
PMEX does provide a return on idle funds. In 2010, the return was 9.3%.
Simply fill out the account opening form and attach an attested copy of your CNIC along with a cheque. Account should be operational within 3 business days.
Minimum account size is PKR 100,000.
Payment can either be made via cheque or by depositing funds in the accounts below. Please email deposit slip
to BIPL if funds are deposited directly in the accounts.
Bank Name: MCB Bank Limited
Branch: Global Transaction Banking
Account Title: BIPL Securities Limited - Client Group Account
Account Number: 0521 58874 1000 697
You will receive our research report in addition to a call from your trader with the intra‐day market view daily. BIPL also provides 2 SMS daily with our market view.
You have access to our traders from 9am to 12am.
An application of withdrawal needs to be sent and within 3 days the funds will be dispatched.
Rates quoted on PMEX are in USD. At the point of trade or when taking positions, the USD is converted to/from PKR. The official conversion rate is previous day’s closing given by SBP.