Brokerage houses are becoming increasingly popular in Pakistan. Brokerage houses are responsible for carrying out multiple duties such as complying with the agreement signed between the investor and them in terms of the Account Opening Form, providing investors with a proper set of rules and regulations, complying with the code of conduct enshrined in laws, offering trade confirmations to the investors within 24 hours of trade execution etc.
Brokerage firms are financial institutions that help you buy and sell securities. They act as the middleman between the buyer and the seller. Depending on the brokerage firm type you choose, you can either make your buys and sales via telephone, internet, or smartphone.
Discussing the duties of the brokerage houses in Pakistan, it also comes down to the best brokerage houses in Pakistan. One of the most renowned brokerage houses in Pakistan is Foundation Securities. Foundation Securities (Pvt.) Limited is a full service equities broking as well as investment banking firm with corporate members of Pakistan Stock Exchange (PSX). The company started back in January 2005 with a collaboration with Fauji Foundation, one of the top largest conglomerates in Pakistan with assets worth 3.9 billion US dollars in 2018. Now we are at it, let’s discuss some of the top benefits and uses of brokerage houses you can earn in Pakistan,
Consultation and Recommendations based on Legitimate Research
Every brokerage house uses financial professionals and financial expertise to research latest market trends and develop legitimate research to analyze the results. The goal is to help clients make maximum profits and suggest the best financial solution, and the most renowned way to do that is to meet your financial goals.
Reputation for Integrity
A lot of times, in the investment world, independent financial managers or brokers would put their interest above the interest of clients and cost them a fortune. When signing up with a brokerage firm that has a solid and a strong reputation in the financial world, it comes stress-free with more security and integrity, you can always look forward to receiving the highest standards of professional as well as personal ethics.
Acting as a principal or dealer in the transaction
Plenty of brokerage houses have expertise in making and maintaining a market in selective securities. The brokerage house will sell the security to the customer at the asking price and will not charge a commission on it for handling the transaction, unlike an independent broker.
Online Trading made easier and super convenient
Brokerage Houses make online trading easier with value-added products and features. Instead of one on one sessions and multiple visits to the broker, you can conveniently conduct trading on the feasibility of your cell phone and make things easier even if you are not around in the country.
