Basic Information
Registered Region 
Pakistan
PakistanOperating Period
5-10 years
Company Name
Rafi Securities Private Limited
Customer Service Email Address
info@rafionline.com
Contact Number
+92021111159111
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
RSL
Pakistan
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.rafionline.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Pakistan 3.19Surpassed 15.60% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+92 (021)-111-159-111
info@rafionline.com
https://www.rafionline.com/
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Biz Area
Website
Genealogy
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Company Summary
Comment
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Official website
Website
rafionline.com
104.27.141.136Server LocationICP registration--Most visited countries/areas--Domain Effective Date2004-06-10WebsiteWHOIS.PUBLICDOMAINREGISTRY.COMCompanyPDR LTD. D/B/A PUBLICDOMAINREGISTRY.COM
Genealogy
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Relevant Enterprises
RAFI SECURITIES (PRIVATE) LIMITED(Pakistan)
Active
Pakistan
Registration No. 0042506
Established
Related sources Website Announcement
Company Summary
| RSL Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Pakistan |
| Regulation | No regulation |
| Market Instruments | Commodities, stocks, indices, forex, options, futures |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Vtrade, PMEX Software, MT5 |
| Minimum Deposit | PKR 25,000 |
| Customer Support | 24/5 support, contact form |
| Tel: 021-111-159-111 | |
| Whatsapp: 0337-3159159 | |
| Email: Info@rafionline.com | |
| Facebook, X, Instagram, Linkedin | |
| Address: 1004, 10th Floor, Al-Rahim Towers I.I Chundrigar Road, Karachi | |
RSL Information
RSL is an unregulated service provider of premier brokerage and financial services, which was founded in Pakistan in 2004. It offers trading on commodities, stocks, indices, forex, options, and futures on Vtrade, PMEX Software, and MT5 platforms. The minimum deposit is PKR 25,000.
Pros and Cons
| Pros | Cons |
| Long operation time | Lack of regulation |
| Various trading products | Commission fees charged |
| Demo accounts | Limited info on deposit and withdrawal |
| MT5 platform | |
| Various contact channels |
Is RSL Legit?
No. RSL currently has no valid regulations. Please be aware of the risk!
Besides, its domain status shows that client transferring, deleting and updating are prohibited.
What Can I Trade on RSL?
| Trading Instruments | Supported |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Forex | ✔ |
| Options | ✔ |
| Futures | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
RSL Fees
RSL offers flexible commission options, varying by trading instruments type.
| Category | Service/Instrument | Commission/Fee | Additional Notes |
| Equity Trading | Local Stocks | 0.25% of trade value (min ₹20 per order) | Lower rates for high-volume traders |
| IPO Applications | ₹50 per application | Refundable if allotment fails | |
| Derivatives Trading | Futures | 0.03% of trade value (min ₹20 per order) | Intraday discounts available |
| Options | ₹50 per lot | Flat fee regardless of contract size | |
| Currency & Commodities | Currency Derivatives | 0.02% of trade value (min ₹15 per order) | |
| MCX Commodities | 0.04% of trade value (min ₹25 per order) | ||
| Account Fees | Demat Account Annual Fee | ₹300/year | Waived for first year |
| Trading Account Maintenance | ₹0 | ||
| Other Charges | Brokerage Plans | Flat Fee Plan: ₹999/month (unlimited trades) | Contact for negotiated corporate rates |
| Volume Discounts: Custom rates | |||
| Call & Trade | ₹20 per executed order | 0 for online trading | |
| Pledge Creation | 0.02% of loan value (min ₹100) |
More details can be found via https://rafionline.com/Comission-charges
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Vtrade | ✔ | PC, web, mobile | / |
| PMEX Software | ✔ | PC, web, mobile | / |
| MT5 | ✔ | PC | Experienced traders |
| MT4 | ❌ | / | Beginners |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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