Do's of Commodity Trading
- Verify the authenticity: Always ensure the broker is registered with PMEX
by visiting the official website.
- Understand all terms: Read and comprehend the Risk Disclosure Document
before trading.
- Fill out forms accurately: Ensure all information in the Account Opening
Form is correct and matches supporting documents.
- Notify changes: If your personal information changes, inform your broker
immediately to prevent issues.
- Use authorized payment methods: Always make payments through authorized
bank transfers directly to PMEX accounts.
- Monitor your account: Regularly check your trading statements, account
balance, and transactions to ensure there are no errors.
- Set up alerts: Ensure all your transactions are accompanied by SMS or email
alerts.
- Report any suspicious activity: Promptly report suspicious activity to your
broker or PMEX for investigation.
Don'ts of Commodity Trading
- Don't deal with unregistered brokers: Avoid trading with brokers or
branches not registered with PMEX.
- Don't provide incomplete information: Fill out all fields in your Account
Opening Form accurately to avoid delays.
- Don't issue cash or postdated cheques: Avoid cash payments, demand drafts,
or postdated cheques not linked to a PMEX account.
- Don't transfer money via third parties: Always transfer funds directly from
your account to PMEX without third-party involvement.
- Don't fall for high-return promises: Be cautious of promises of high
returns, as these are not allowed under PMEX rules.
- Don't keep funds in inactive accounts: Ensure funds are used actively in
trading, as inactive funds may incur penalties.
