Wealth Street is a broker that provides a platform for people to trade and invest in the Pakistan Stock Exchange (PSX) and the Pakistan Mercantile Exchange (PMEX). At Wealth Street, we aim to support and connect investors with the investment opportunities available at the Pakistan Stock Exchange (PSX) and the Pakistan Mercantile Exchange (PMEX). Dedicated to transforming the landscape of securities and commodities trading, our cause goes beyond mere transaction facilitation; we aim to establish financial understanding and develop the trading capabilities of our community.
Wealth Street offers investment services in the stock market (PSX) and the commodities futures market (PMEX), along with comprehensive investment education resources like video tutorials and personalized courses.
Wealth Street also provides a unique opportunity for individuals that can collaborate in our financial empowerment initiatives.
The stock market is where investors buy and sell listed shares of companies. It’s a set of exchanges where companies issue shares and other securities for trading. The share prices of the shares listed on the Stock Exchange fluctuate according to the buy & sell transactions taking place.
A commodities futures market is where investors buy and sell futures contracts of commodities for delivery on a specified future date. Contracts such as Gold, Oil and Currency pairs are the most common types of contracts traded in a futures market.
The Pakistan Stock Exchange (PSX) is the primary stock exchange of Pakistan, located in Karachi, with digital access to all. At the PSX, people can invest their money in different companies, with the expectation that their value will grow over time. PSX, like all stock exchanges over the world, helps companies get the money they need to grow, and gives investors a chance to be part of their success stories.
The Pakistan Mercantile Exchange (PMEX) is Pakistan’s first and only multi-commodity futures exchange. PMEX provides a platform where you can trade in commodities like gold, oil, and even agricultural products like rice and wheat. At PMEX, you don’t exchange actual goods right away; rather, you deal with contracts that promise to buy or sell these goods at a future date. This way, investors can plan better for the future, protecting themselves from unexpected price changes or investing in goods they believe will be worth more later on.
Think of a stock as a tiny slice of a company. If you buy a stock, you’re part-owner of that company!
For instance, if a business has a total of 100 shares and you possess one, you hold a 1% stake in that company. The worth of your share is essentially 1% of the company’s overall market value, determined by the total valuation of all shares in circulation.
Commodities are basic items we use every day, like oil for cars, gold for jewelry, and wheat for bread. The prices of these commodities change based on how much people want them and how much is available. So, whether it’s a farmer growing coffee or a company drilling for oil, commodities connect to everything we do.
All the local resident / non-resident Pakistanis are eligible to open a trading account with us.
Investors are required to provide the following basic information:
- Name
- ID Card Number (CNIC / SNIC / NICOP etc.)
- Issue Date as per ID Card
- IBAN
- Mobile Number
You are required to submit the following documents at the time of registration:
- CNIC
- Bank statement
- Proof of income (salary slip etc.)
- Proof of address (utility bill etc.)
Rs. 5000 is the minimum amount required for investment.
Wealth Street is regulated by the Securities Exchange Commission of Pakistan (SECP) and is a licensed broker, providing a secure and safe platform for your money. For PSX transactions, we have partnered with EClear to take care of custody, settlement and clearing. Whereas the organization of PMEX themselves have total control of our clients finances, settlement and clearing.
You can invest in international products such as gold, oil, indices, currency pairs and agricultural products through PMEX which is regulated by the SECP.
A broker is a middleman that assists clients in buying and selling desired products. Wealth Street facilitates the buying and selling in two main markets: the stock market and the commodities futures market.
An Online Trading account is a type of account where investors can place their own orders using their electronic devices such as mobile, tablet, laptop etc. in lieu of other methods, like calling your broker and telling them your order.
Simply click on “Open an Account” on our website and fill out the required information to open your account.
Once you’ve fulfilled the account opening requirements and transferred funds to your trading account, you’re ready to start placing orders.
Once your account is activated, download the Wealth Street app and login to your account to start trading on PSX
Once your account is activated, download the Meta Terminal 5 app and login to your account to start trading on PMEX
Your account can be opened with PSX within a maximum of 1-2 days, given that you submit all the required information and documents correctly.
Your account can be opened with PMEX within a maximum of 1-2 days, given that you submit all the required information and documents correctly.
Both PSX and PMEX present unique investment opportunities. PSX is ideal for those looking to grow their wealth over time through the stock market, recognizing that while there’s risk involved, there’s also potential for substantial long-term rewards. While PMEX is a good option if you are looking to speculate on price movements or hedge against price fluctuations in the commodities market.
So the answer is that both platforms are good options for investors depending on the kind of investment they want to make. You can always choose to diversify your investments and invest in both markets to balance potential risks and rewards, exposing yourself to a wider range of opportunities across different sectors and commodities.
If you’re new to investing, you can start with a small amount that feels comfortable. This way, you can dip your toes in without risking too much.
When considering how much to invest, always ensure you have a safety net that consists of enough savings to cover your necessary expenses. Remember, the key is to invest only what you can afford to lose, as all investments come with risks.
The process to withdraw your cash is quite simple. You simply log in to the app and select the option to withdraw your cash. Once your withdrawal request is received, your cash will be transferred to your account in a maximum of 2 days.
Absolutely. There’s a chance that the money you put into stocks could shrink to zero, meaning you might lose what you invested. The level of risk present highlights the importance of thinking carefully and having a plan for how you invest, helping you make smart choices whether the market is soaring high or dipping low.