DEL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-19 18:34

Abstract：Dawood Equities Limited (DEL), established in 2006 and headquartered in Pakistan, offers a variety of financial services including equity brokerage, underwriting of shares, shares custodian and allied services, and research. With a minimum deposit requirement of Rs. 3,000, clients can utilize deposit methods such as cheques, pay orders, or DD payable to "Dawood Equities Ltd." via mail or office drop-off. DEL provides customer support via phone and email, and offers educational resources through useful links, PSX Research, PMEX Research, and a FAQ section, aiding clients in making informed investment decisions. However, it's important to note that DEL is not regulated by any specific financial authority.

DEL Review Summary
Founded	2006
Registered Country/Region	Pakistan
Regulation	Not regulated
Market Instruments	Equity Brokerage, Underwriting of Shares, Shares Custodian and Allied Services, Research
Demo Account	N/A
Leverage	N/A
Spread	N/A
Trading Platform	N/A
Min Deposit	Rs. 3,000
Customer Support	Email: contact@dawoodequities.comPhone: (92-21) 32271881 & 32271883

DEL Information

　　DEL is a prominent financial services provider that has been operating in Pakistan since its inception in 2006. DEL offers a full range of services, including stockbroking, equity underwriting, equity custody and related services, as well as research to meet the diverse needs of investors. The minimum deposit requirement is Rs 3,000 and customers can easily access this service through deposit methods such as cheque, payment orders or DD payable “Dawood Equities Ltd.”.

Pros and Cons

Pros	Cons
A comprehensive range of financial services including equity brokerage, underwriting of shares, and research	Not regulated by any specific financial authority
Minimum deposit requirement of Rs. 3,000	Limited fees information
Provides multiple deposit methods such as cheques, pay orders, and DDs

Is DEL Legit?

　　DEL is not regulated by any specific financial authority.

What Can I Trade on DEL?

　　DEL provides clients services such as Equity Brokerage, Underwriting of Shares, Commodity Trading, Shares Custodian and Allied Services.

Tradable Instruments	Supported
Equity Brokerage	✔
Underwriting of Shares	✔
Commodity Trading	✔
Shares Custodian and Allied Services	✔
Precious metals	❌
Energy products	❌
Mutual Funds	❌
Futures	❌

Account Types

　　Only one type of account is available for clients. Visitors click on the “ONLINE ACCOUNT OPENING” button and open an account by entering name, email, residential status, ID type, and other information.

Deposit and Withdrawal

　　The minimum deposit required to open an account in DEL is Rs 3,000.

　　You can deposit funds to DEL by cheque, payment slip or Payment DD, payable to “Dawood Equities Ltd”. You can send funds by post or in person to their office at 1700-A Saima Trade Towers, I.I Chundrigar Road, Karachi-74000, Pakistan.