The Securities and Exchange Commission of Pakistan (SECP) on Thursday warned citizens to steer clear of unlicensed online trading platforms that lure investors with promises of unrealistically high returns.
According to the SECP, platforms such as Interactive Brokers Group (IBKR), IGIL Securities Country, BMA Capital No.108/BMAC Global Pro, WTIC World Top Competition, and Aviva Securities are operating without regulatory approval in Pakistan. These entities are not authorized to offer trading services within the country.
“We strongly caution the public against fraudulent online trading schemes that promise unrealistic profits,” the SECP said. “For your financial safety, invest only through brokers licensed by the SECP. Always verify before investing—your financial security depends on it.”
The Commission also raised concerns about the increasing use of social media by scammers to promote deceptive loan offers.
These fraudsters typically advertise “quick, interest-free loans” using sponsored posts and often impersonate reputable organizations to appear credible.
“These scammers demand upfront payments—such as processing or registration fees—or request sensitive personal information, only to vanish without disbursing any funds,” the SECP warned.
The Commission confirmed it is actively reporting such fraudulent entities to the Federal Investigation Agency (FIA) and the Pakistan Telecommunication Authority (PTA) for prompt enforcement action.
