Frequently Asked Questions
You can simply contact us through our Contact number or our website or you can also visit us personally. Our equity dealer will guide you through the process.
We provide a complete package including first hand market information, high quality research and fast execution and settlement of transactions.
Adam Usman Securities Private Limited as it ranks amongst the top brokerage houses in the industry. It has been in the market for over 2 years and has created goodwill for itself.
Minimum requirement to open a account is PKR 50,000.
Once you open an account and entitlement is obtained, orders may also be placed over the telephone with the equity trader assigned for your service.
Settlement policy in stock transactions is Trade Date plus 2 business days
You can download our Account Opening Form from our website www.adamusmansecurities.com.pk Our forms are also available at Adam Usman Securities Limited Office.
Yes, Adam Usman Securities limited reserves the right to refuse any account without assigning any reason.
Minimum amount required to setup an account is Rs.50,000.
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 Adam Usman Securities Limited customers.
You may send your cheque / Pay order/DD in favor of "Adam Usman Securities Limited" by mail or drop it personally at office of Adam Usman Securities Limited. Adam Usman Securities Limited Head Office address is as following; Adam Usman Securities Limited Room no. 36 – 37, Old Stock Exchange Building Pakistan Stock Exchange Limited, Karachi.
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 Adam Usman Securities Limited 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.
Connection to our server may fail because either our server is down due to some technical reasons or for general/periodic maintenance or because you are behind a firewall. Change your firewall settings to allow the software to access the Internet. Similarly, if you are using a Local Area Network (LAN) connection, you may need to open certain ports (TCP/IP). If you still cannot connect, feel free to call us at (9221) 32444315 - 16.
You can call to your respective equity trader/relationship manager or in case of his absence you may call to our customer support representative at (9221) 324 443 15 – 16
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.
How do I open an account?
Opening an account with Adam Usman Securities Limited consists of the following simple steps:
- You read, understand and accept our Terms and Conditions before submitting an application.
- You submit an Individual or Joint Account Application in any one of the following ways:
- At our Offices, or through one of our sales representatives; or
- Download, complete and mail the web Individual/Joint Account Application to our mailing address; or
- Request an Account Application Pack through the mail
- You enclose the minimum deposit along with your application. The deposit may be in the form of shares registered in your name, or cash. (See question on minimum deposit).li>
- The Application should be mailed to our following address:
Adam Usman Securities Limited,
805-814, 8th Floor,
Pakistan Stock Exchange Building,
Stock Exchange Road,
- Upon receipt of fully completed application forms, and the minimum deposit, your account is opened and activated. We inform you through a letter that contains your Account Name and Number and the name of your Adam Usman Securities Relationship Manager.
- You start trading in the account.li>
What is a margin deposit?
Clients allowed by Adam Usman Securities to trade in excess of their cash or portfolio balances are required to maintain a margin deposit in order to cover the level of trading exposure. The margin is the client's equity in the value of the portfolio or trading position. The client's trading limit is set at a multiple of the margin deposit. Margins can be in the form of cash and/or shares. However, margin shares must be on our list of marginable stocks.
Where are my funds held?
Your cash balance will be held by Adam Usman Securities, and will be reflected in your account statement. What types of accounts can be opened with Adam Usman Securities?
What types of accounts can be opened with VSL?
The following types of accounts can be opened:
- Individual account
- Joint account for two persons
Institutional accounts for joint stock companies, mutual funds, trusts etc. (must be opened in person at our offices).
What safeguards protect my account?
There is presently no statutory government established fund that compensates investors for monetary loss suffered through broker defaults. The KSE has established an Investors Protection Fund under the Investors Protection Fund Regulations. Details may be obtained from the PSX.
The choice of broker is an investor's primary safeguard. At Adam Usman Securities, client interest is protected through:
- In-depth research
- Efficient execution
- Integrity/client confidentiality
- Institutional capital backing
- Internal controls/compliance
- Quality of human resources