Opening a trading account with the Pakistan Mercantile Exchange (PMEX) is the first step for individuals or institutions who want to participate in futures trading of commodities, currencies, and indices. PMEX operates through its accredited brokerage members, so the account is opened with a PMEX-licensed broker, not directly with the exchange.

To comply with regulatory standards set by PMEX and the Securities and Exchange Commission of Pakistan (SECP), certain documents and verifications are required.

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1. Documents Required for Individuals

Below is the standard set of documents commonly required by all PMEX member brokers:

1.1. Copy of CNIC / SNIC / NICOP

A valid, clear copy of your Computerized National Identity Card (or NICOP for overseas Pakistanis) is mandatory.

1.2. Proof of Income / Source of Funds

Brokers may request one of the following:

• Salary slip
• Bank statement (usually last 6 months)
• Income tax return (optional but beneficial)
• Business income proof

This ensures compliance with Anti-Money Laundering (AML) regulations.

1.3. Bank Account Verification

• Bank account title must match the applicant’s name.
• A bank statement, cheque copy, or bank letter is often required for verification.

1.4. Proof of Address

Any one of the following:

• Utility bill (electricity, gas, water – usually not older than 3 months)
• Rental agreement
• Bank statement showing address

1.5. Recent Passport-size Photographs

Typically 1–2 photographs.

1.6. Signed Account Opening Forms

The broker provides:

• PMEX-mandated KYC (Know Your Customer) form
• Risk Disclosure Statement (RDS)
• Brokerage agreement
• Client registration form

You must read and sign all required documents.

If you already have account with stock broker then opening account in same broker will ease pressure with paperwork