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Disclaimer:
SURMAWALA Securities Private Limited will not be responsible for any loss or damage that could result from interception by third parties (including hacking) of any information made available to you via this site.
Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, SURMAWALA Securities Private Limited cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.
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You can download our Account Opening Form from this link. Our forms are also available at Surmawala Office
Yes, Surmawala reserves the right to refuse any account without assigning any reason.
Minimum amount required to setup an account is Rs. 5,000.
It depends on how quickly information is sent in. The registration process usually takes:
4 - 6 working days for cheque OBC (Outbound Cheque) may take up to 15 working days
Depositing cash will take 3 - 4 working days after receiving the original bank deposit slip. Kindly mention "New account" on the bank deposit slip specially designed for Surmawala customers.
You may send your cheque / Pay order/DD in favor of "Surmawala" by mail or drop it personally at office of Surmawala. Surmawala Head Office address is as following;
Surmawala
Office No. 96-97, 2nd Floor, Karachi Stock Exchange Building, Karachi, Pakistan.
Yes you can open your account with Physical shares and you can also transfer your shares from CDC Investor account or from your account with any other broker as well. The minimum amount of Rs.5000/- through cash or cheque is also required for opening of account through shares.
No. We do not offer mutual funds.
You will need to write a letter addressed to Surmawala requesting the closure of your account. If you have any debit balance you will be required to clear it first. Along with the Account Closing Request, as a mandatory requirement you need to provide Tax Clearance Certificate from Federal Board of Revenue (FBR), Government of Pakistan. The Account Closing Request must have to be submitted at our head office or can be sent through Fax or courier.
Electronic/Online Trading contain many risks and may from time to time be adversely affected (inter alia) by network congestion, equipment failure, software failure, system breakdown, loss of connectivity, power failure, adverse market conditions, partial execution of order and /or technical glitches/failures (including but not limited to connectivity failures). Neither the Broker nor any of its directors or officers, its management, its branch offices, offices of supervisory jurisdiction and their respective registered representatives and employees, would be responsible or liable in any manner for any losses or damages that may be suffered by the client(s) including those due to the misuse of the Account Holder(s) information and affairs by unscrupulous persons. The client(s) shall fully assume all risks connected and involved with Electronic/Online Trading. The client(s) shall represent that they are knowledgeable investor(s) and that they have conducted analysis and consulted with professionals as they deemed necessary in order to fully understand the risk involved in online trading and that they are financially suitable for engaging in such trading activity.