How to Open a Brokerage Account in Pakistan?

Opening a brokerage account in Pakistan is a fully digital, streamlined process regulated by the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX).  

To provide the most precise guidance, could you clarify:

1. Are you planning to open a Standard Trading Account or a simplified Sahulat Account (capped at PKR 3 million)?  
2. Are you applying as a resident Pakistani or as a Non-Resident Pakistani (via a Roshan Digital Account)?

Step-by-Step Account Opening Procedure

Step 1: Select a Licensed Broker

Choose an active TREC (Trading Rights Entitlement Certificate) holder or brokerage firm licensed by the SECP. You can choose traditional firms or those offering fully digital online onboarding portals. 

Step 2: Fill Out the Standardized Account Opening Form (SAOF)

Complete the official SAOF provided by your chosen broker. This form simultaneously initiates your brokerage trading account and your Central Depository Company (CDC) sub-account, which securely holds your shares. 

Step 3: Submit Required Know Your Customer (KYC) Documents

Provide the mandatory identification and compliance records:

• Clear copy of your valid CNIC (Computerized National Identity Card).  
• Proof of bank account in your name (used for dividend payouts and fund transfers).
• Details of a mandatory legal nominee (spouse, parent, sibling, or child).  
• Proof of source of income (e.g., salary slip, employer certificate, or tax return).  

Step 4: Fund Your Account & Start Trading

Once your application is verified and your Unique Identity Number (UIN) is registered with the National Clearing Company of Pakistan Limited (NCCPL), deposit your initial investment funds via crossed cheque or bank transfer directly into the official client bank account of your broker. You can then place orders through your broker's online trading portal or mobile application.