IGI Securities

What IGI Securities does

IGI Securities, operating under the legal name IGI Finex Securities Limited, is a Pakistan-based brokerage firm founded in 1994 and headquartered in Karachi. It is a wholly owned subsidiary of IGI Holdings Limited, which sits within the Packages Group conglomerate; the broader IGI group comprises five organizations (IGI Holdings, IGI General, IGI Securities, IGI Life, and IGI Investments) representing over 60 years of cumulative financial services experience. The firm holds a Trading and Recording Entitlement Certificate (TREC) from the Pakistan Stock Exchange (PSX) and is a corporate member of the Pakistan Mercantile Exchange (PMEX), making it a regulated broker on both venues. It maintains a PACRA Broker Fiduciary Rating of BRF2+ with Stable outlook (21-Aug-2025).

The company's core offerings are shares trading on PSX and commodities trading on PMEX, supported by the proprietary iTrade digital platform (available via web, Android, and iOS) and the Eclipse Trading Terminal desktop application for active traders. Supplementary services include investment research reports (available by subscription) and distribution of debt instruments. Technology is delivered through a single integrated iTrade ecosystem rather than modular products, with back-office/OMS software provided by Softech System (Pvt) Ltd.

Revenue is generated primarily through transaction-based commissions on equity and commodity trades, with research subscriptions and debt instrument distribution as secondary streams. The go-to-market is direct-to-customer via the company website, with self-serve digital account opening for resident Pakistanis and specialized Roshan Digital Accounts for overseas Pakistani diaspora investors. The customer base is horizontally segmented and predominantly retail/individual, with no disclosed institutional anchor clients. Pricing is not publicly disclosed; sales-led motion over web, mobile, and a Karachi-based contact center (+92 21 111 444 001).

Name

IGI Securities

Legal name

IGI Finex Securities Limited

Website

https://igisecurities.com.pk

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

IGI Securities (IGI Finex Securities Limited) is a Karachi-based Pakistan Stock Exchange broker offering shares and commodities trading, a proprietary iTrade web/mobile platform, and investment research primarily to retail investors, including overseas Pakistanis via Roshan Digital Accounts.

Ownership category

akta.pro rank

Product category

Stock Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Multi-Asset Trading Networks / Interdealer Broker Platforms (FSAFAEAJ)

Keywords

• Stock brokerage services
• Online equity trading
• Commodities trading
• Investment research
• Debt instrument investments

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Shares Trading Commissions: Revenue generated from brokerage commissions on equity trades executed on the Pakistan Stock Exchange for retail and institutional investors
2. Commodities Trading: Trading services for commodity derivatives on the Pakistan Mercantile Exchange, generating commission-based revenue
3. Investment Products Distribution: Distribution of debt instruments and investment products to clients
4. Research Services: Research reports and market analysis provided to subscribers, potentially generating subscription revenue

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

IGI Securities is a licensed brokerage firm offering equity trading on the Pakistan Stock Exchange and commodity derivatives trading on the Pakistan Mercantile Exchange. Trading access is delivered through the proprietary iTrade platform across web, mobile, and Eclipse desktop terminals, supplemented by investment research reports and distribution of debt instruments such as bonds.

Product overview

IGI Securities offers a unified brokerage platform centered around its iTrade digital trading ecosystem. The core offering comprises shares trading on the Pakistan Stock Exchange and commodities trading on the Pakistan Mercantile Exchange, supported by the proprietary iTrade platform accessible via web and mobile. The desktop-based Eclipse Trading Terminal serves power users requiring advanced features. Supplementary services include investment research reports and debt instrument trading. The product portfolio functions as a single integrated platform rather than separate modules, with the iTrade platform serving as the primary client-facing interface across all trading activities.

Differentiator

Problem solved

Functional benefit

Brands

• iTrade: Web and Mobile Trading platform for online stock trading

Products and services

• Shares Trading Core equity brokerage service enabling clients to buy and sell shares listed on the Pakistan Stock Exchange through IGI Securities as a TREC holder broker.
• Commodities Trading Brokerage service for trading commodity derivatives listed on the Pakistan Mercantile Exchange, facilitated through IGI Securities' corporate membership of the exchange.
• Investment in Debt Instruments Service facilitating client investment in fixed-income securities including bonds and other debt instruments distributed by IGI Securities.
• Research Subscription-based investment research and market analysis reports provided to clients to support informed trading decisions across Pakistani markets.
• iTrade (Web & Mobile Trading Platform) Proprietary multi-channel online trading platform giving customers real-time market access and order execution for shares and commodities via web browser and dedicated mobile applications (iOS and Android).
• Eclipse Trading Terminal (Desktop) Downloadable desktop trading application providing advanced charting, order routing, and market monitoring for active traders using a locally installed terminal.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Pakistan Stock Exchange (PSX)coreOthersIGI Securities holds a TREC (Trading and Recording Entitlement Certificate) from Pakistan Stock Exchange, enabling the company to execute trades on the exchange as a licensed broker.
• Pakistan Mercantile ExchangecoreOthersIGI Securities is a corporate member of Pakistan Mercantile Exchange, enabling commodities trading services for clients.
• Packages GroupcoreStrategic or Co-development PartnerIGI Securities operates under the Packages Group umbrella alongside four other IGI organizations (IGI Holdings, IGI General, IGI Life, IGI Investments), sharing the group brand and cumulative 60+ years of experience in financial services.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• AKD Trade: Online brokerage arm of AKD Group operating on PSX, offering equities trading, research, and digital onboarding — overlapping with IGI's retail brokerage and research products.
• Habib Metropolitan Financial Services: Brokerage arm of Habib Metropolitan Bank offering PSX trading and investment services, comparable to IGI as a bank-affiliated Pakistani broker with retail and institutional reach.
• Arif Habib Limited: Major Pakistani brokerage and investment banking group, TREC holder of PSX with diversified trading, research, and corporate finance services comparable to IGI Securities.
• JS Global Capital: One of Pakistan's largest securities brokerage and investment banking firms, a TREC holder of PSX offering equities, derivatives, and research — directly comparable to IGI Securities in product mix and customer base.
• Topline Securities: Pakistani brokerage firm providing shares trading, commodities, and online trading via its own digital platform; competes head-to-head with IGI on PSX retail brokerage.
• BMA Capital Management: Pakistani brokerage and investment bank providing equity brokerage, research, and corporate finance on PSX; comparable in size and product breadth to IGI Securities.
• Elixir Securities Pakistan: Pakistan-focused retail and institutional broker on PSX with digital trading platform, research, and commodities trading — directly overlapping IGI's core product suite.
• Taurus Securities: PSX-licensed broker providing equity trading, research, and online trading services, part of the Dawood Group; comparable mid-sized Pakistani broker competing with IGI for retail and institutional clients.
• KTrade Securities: Pakistan-based online broker offering equity and commodity trading on PSX and PMEX with a self-serve digital onboarding model directly comparable to IGI's iTrade offering.

Broad incumbents

• Interactive Brokers: Global multi-asset online broker offering equities, commodities, and derivatives trading via a proprietary digital platform; relevant as the global benchmark for the digital brokerage model IGI aspires to via iTrade.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/igisecurities
• Facebookfacebook.com/igisecurities
• LinkedInlinkedin.com/company/igi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IGI Securities