Islamabad May 22, 2025: The Securities and Exchange Commission of Pakistan (SECP) has today issued a stern warning to investors about a surge of fraudulent online trading platforms purporting to offer “unrealistic returns.”
In a public advisory, the regulator emphasized that several widely advertised entities—including Interactive Brokers Group (IBKR), IGIL Securities Country, BMA Capital No.108/BMAC Global Pro, WTIC World Top Investor Competition and Aviva Securities—are not licensed to operate in Pakistan.
“At a time when digital trading has become increasingly popular, we are cautioning the public against platforms that promise sky-high profits with little or no risk,” said SECP Spokesperson Aisha Khan. “These entities have no regulatory oversight here, meaning investors have no recourse if funds are misappropriated.”
The SECP advisory reminded investors that only brokers holding valid SECP licenses are permitted to offer trading services in the country. A full list of authorized firms is available on the SECP website. “Your financial security is paramount,” the statement concluded. “Please verify the licensing status of any broker before entrusting them with your capital.”
