Best Forex Brokers and Trading Apps in Pakistan for 2026
Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system.
Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. Learn more about how we test.
Trading forex in Pakistan is popular among residents, but the local market for retail forex brokers is limited. Forex trading is legal, but online brokers are not required to obtain authorization from the Securities and Exchange Commission of Pakistan (SECP) to accept Pakistani residents as customers. In fact, no brokers are currently licensed by the SECP for retail forex or CFD trading, so most Pakistani traders rely on international platforms regulated offshore by Tier-1 authorities.
This guide will help you find highly rated international forex brokers that legally serve traders in Pakistan. Choosing a broker regulated by a Tier-1 regulatory body is the best way to protect your funds and avoid scams. With our proprietary Trust Score rating system, you can be confident you're choosing a broker you can trust.
Inside, you'll find expert reviews of top forex brokers accepting Pakistani clients, side-by-side comparisons, and key information about Pakistan's forex market and its regulatory landscape.
Best Forex Brokers in Pakistan
To create this list of the best forex brokers in Pakistan in 2026, we compiled a list of firms that accept clients from Pakistan and ranked them using our own independently researched ratings and rankings (learn more about how we test brokers).
- Minimum Deposit: $0
- Trust Score: 99
- Tradeable Symbols (Total): 8500
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. Read full review
- Access 150 markets in 34 countries; 28 base currencies.
- TradingView launched for both manual and algo traders.
- TWS desktop offers powerful tools for advanced strategies.
- New IBKR InvestMentor app offers beginner-friendly finance courses.
- TWS platform is overwhelming for beginners.
- No MetaTrader suite or copy trading tools available.
- $2 minimum commission can be costly for small trade sizes.
- Minimum Deposit: $100
- Trust Score: 96
- Tradeable Symbols (Total): 1260
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, along with strong educational resources and copy trading support. Read full review
- Wide platform selection.
- Strong educational courses.
- Copy trading support.
- Charts lack drawing tools in mobile.
- Retail spreads higher than average.
- Slow desktop platform and outdated design.
- Minimum Deposit: $5
- Trust Score: 93
- Tradeable Symbols (Total): 1429
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research. Read full review
- Offers 1,400+ CFDs and 55 forex pairs.
- Trading Central adds depth to strong in-house research.
- Features daily videos, podcasts, and multilingual live broadcasts.
- Full MetaTrader suite supports copy trading and algo tools.
- Standard account spreads are expensive.
- XM Zero account is only offered in the EU.
- Doesn't offer a proprietary trading platform.
- Minimum Deposit: $10
- Trust Score: 94
- Tradeable Symbols (Total): 1726
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms. Read full review
- Won Best in Class for MT5, algo trading, and more.
- Offers MetaTrader and cTrader for algo and copy trading.
- Razor account pricing is competitive for active traders.
- New mobile app has solid features and strong usability.
- Education lacks depth.
- MT5 offering has limited symbols.
- Minimum Deposit: $100 AUD
- Trust Score: 90
- Tradeable Symbols (Total): 10000
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. Read full review
- Ultra-competitive spreads on Raw ECN account.
- Supports MetaTrader, cTrader, TradingView, and Autochartist tools.
- Access to 10,000+ tradeable symbols via the Iress platform.
- Mobile app lacks in tools and charting.
- Research and education content trails leading brokers like IG.
- Iress platform fees add up.
- Minimum Deposit: $200
- Trust Score: 83
- Tradeable Symbols (Total): 7435
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders. Read full review
- Competitive pricing and low average spreads.
- 3,500+ tradeable symbols and powerful algo trading support.
- MetaTrader broker with integrated third-party plugins.
- Educational content and research still have room for improvement.
- No proprietary forex trading app.
- Share trading is limited to Aussie stocks via IC Shares.
- Minimum Deposit: $20
- Trust Score: 85
- Tradeable Symbols (Total): 1199
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). Read full review
- Competitive pricing on HYCM Raw and commission-free stock trading.
- Strong research tools with Trading Central, Seasonax, and Financial Source.
- HYCM Trader mobile app now supports full trading capabilities.
- No longer licensed in Cyprus; EU clients not accepted.
- Crypto CFDs not available for EU or U.K. retail traders.
- HYCM's YouTube channel has been inactive for 9 months (as of July 2024).
- Minimum Deposit: $0
- Trust Score: 85
- Tradeable Symbols (Total): 344
HFM (HF Markets) is a global broker best known for its MetaTrader offering, solid research tools, and proprietary copy trading platform, alongside a broad selection of forex pairs and CFDs. Read full review
- Upgraded MetaTrader tools with Autochartist and Advanced Insights.
- myHF portal continues to improve with newly added features.
- Earn up to 3% interest on unused margin via Return on Free Margin program.
- No web-based trading app beyond MetaTrader and copy trading options.
- Educational content still lags behind top forex brokers.
- Trading costs slightly above average on spread-only accounts.
- Minimum Deposit: $0
- Trust Score: 80
- Tradeable Symbols (Total): 1267
ActivTrades is a long-standing brand that offers a proprietary trading platform, ActivTrader, and support for the award-winning TradingView and MetaTrader (MT4 and MT5) platforms. ActivTrades also delivers a selection of custom add-ons, indicators, and trading tools for traders who prefer to use MetaTrader. Drawbacks for trading with ActivTrades include a smaller selection of tradeable symbols and fewer educational resources than what’s available from the best forex brokers. Read full review
- TradingView charting.
- User-friendly mobile app with sentiment data.
- Offers TradingView, MT4, MT5, and proprietary app.
- Limited chart customization.
- Small range of tradeable assets.
- Educational content is limited.
- Minimum Deposit: $0
- Trust Score: 85
- Tradeable Symbols (Total): 675
Earning an 85 Trust Score, Questrade Global is a secure, CIRO-regulated platform ideal for Canadians wanting forex and stocks in one place. However, with live EUR/USD spreads going as high as 2.1 to 2.5 pips, cost-conscious day traders might find better value with cheaper alternatives. Read full review
- Trade stocks, ETFs, options, and forex in the same account
- Supports REST and low-level APIs
- Try out Questrade Global with a free practice account for 30 days
- Spreads aren’t as tight as some lower-cost competitors
- Research tools unlikely to impress advanced technical traders
- No MetaTrader (MT4/MT5)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Securities and Exchange Commission of Pakistan (SECP)
- The SECP is a Trusted, Tier-2 regulatory jurisdiction. Learn more about international forex regulation and why it's important.
- The Securities and Exchange Commission of Pakistan regulates the country's capital markets, corporate sector, and non-banking financial services under the Securities Act, 2015.
- The SECP does not currently issue local licenses for retail forex or CFD brokers, so Pakistani traders typically use international brokers regulated offshore by Tier-1 authorities like the FCA, ASIC, or CySEC.
- The State Bank of Pakistan (SBP) oversees foreign exchange and banking activity, while the Foreign Exchange Regulation Department (FERD) handles forex-related compliance.
- Always confirm a broker's regulatory status with the foreign authority that licenses it, and check the SECP's official register for any local registrations or warnings.
Other Pakistan forex brokers I tested
6. FxPro - Great for MetaTrader and algo trading
| Company | Overall Rating | Minimum Deposit | Average spread (EUR/USD) - Standard account |
FxPro
|
|
$100 | 1.6 |
FxPro is a London-based broker founded in 2006, serving over 11 million clients globally. The broker is regulated by the FCA, CySEC, FSCA, and SCB, with Pakistani clients onboarded through its Bahamas entity. Traders get access to MT4, MT5, cTrader, and the proprietary FxPro Platform, with spreads on the Raw+ account starting from 0.0 pips. Islamic accounts are available, though there's no PKR funding option.
7. IC Markets - Best MetaTrader broker overall
| Company | Overall Rating | Average spread (EUR/USD) - Standard account | Minimum Deposit |
|
|
|
0.62 | $200 |
IC Markets is a Sydney-based ECN broker founded in 2007, known for ultra-low spreads and fast execution. The broker is regulated by ASIC, CySEC, and the FSA Seychelles, with Pakistani clients typically onboarded through its Seychelles entity. Raw Spread accounts feature spreads from 0.0 pips with a $7 round-turn commission, and traders can choose between MT4, MT5, cTrader, and TradingView. Minimum deposit is $200.
Trading platforms for Pakistan forex traders
| Company | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | TradingView |
|
|
No | No | Yes |
|
|
Yes | Yes | No |
|
|
Yes | Yes | No |
|
|
Yes | Yes | Yes |
|
|
Yes | Yes | Yes |
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
More about Pakistan forex markets and regulation
Pakistan's forex trading environment operates under a regulatory framework led by the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP). The SECP regulates Pakistan's capital markets, corporate sector, and non-banking financial services under the Securities Act, 2015, but it does not currently issue local licenses for retail forex or CFD brokers. The Commission regularly issues advisories warning the public against unregistered entities operating without proper authority. Pakistani traders can verify regulated entities on the SECP's official register.
The State Bank of Pakistan, the country's central bank, oversees monetary policy, foreign exchange dealings, and the issuance of the Pakistani rupee (PKR). The SBP regulates banks and money exchangers through its Foreign Exchange Regulation Department (FERD), which monitors local FX activity and enforces capital control rules. While the SBP governs cross-border currency transfers and physical FX dealings, neither the SBP nor the SECP licenses retail forex or CFD brokers, which is why most Pakistani traders turn to international brokers regulated offshore.
Because Pakistan lacks a formal local licensing regime for retail forex, choosing a broker regulated by a Tier-1 international authority, like the U.K.'s FCA, Australia's ASIC, or Cyprus's CySEC, is the best way for Pakistani residents to protect their funds. Our research team independently verifies every broker's regulatory licenses to ensure Pakistani traders have accurate, reliable information about the brokers they use. Learn more about Trust Score and the 100+ regulatory agencies tracked by the ForexBrokers.com research team.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Compare Pakistan Brokers
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.



FxPro