The ForexBrokers.com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.
Trading forex (currencies) in Pakistan is popular among residents. While recommended, forex brokers are not required to become authorised by the Securities and Exchange Commission of Pakistan (SECP) to accept residents of Pakistan as customers.
The Securities and Exchange Board of Pakistan is the financial regulatory body in Pakistan. Website: https://www.secp.gov.pk. We recommend Pakistan residents also follow the SECP on Facebook: https://www.facebook.com/SECPPakistan.
The SECP was established in 1999 and is headquartered in Islamabad, Pakistan. For a historical breakdown, here's a link to the Securities and Exchange Board of Pakistan webpage on Wikipedia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.Best Forex Brokers Pakistan
To find the best forex brokers in Pakistan, we created a list of all brokers that list Pakistan as a country they accept new customers from. We then ranked brokers by their Overall ranking.
Here is our list of the best forex brokers in Pakistan.
- IG - Best overall broker 2021, most trusted
- Saxo Bank - Best for research, trusted global brand
- Interactive Brokers - Great for professionals and institutions
- AvaTrade - Multiple trading platform options
- XM Group - Well-rounded offering
- FP Markets - Excellent pricing, great for MetaTrader
- IC Markets - Best MetaTrader Broker 2021
Pakistan Forex Brokers Comparison
Compare Pakistan authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.
| Forex Broker | Accepts PK Residents | Average Spread EUR/USD - Standard | Minimum Initial Deposit | Overall | Visit Site |
|---|---|---|---|---|---|
| IG | Yes | 0.745 | £250.00 | Visit Site | |
| Saxo Bank | Yes | 0.800 | $10,000.00 | N/A | |
| Interactive Brokers | Yes | N/A | $0 | N/A | |
| AvaTrade | Yes | 0.910 | $100.00 | N/A | |
| XM Group | Yes | 1.600 | $5-100 | N/A | |
| FP Markets | Yes | 1.140 | $100 AUD | N/A | |
| IC Markets | Yes | 0.800 | $200 | N/A | |
| Tickmill | Yes | 0.530 | $100.00 | N/A | |
| FxPro | Yes | 1.510 | $100.00 | N/A | |
| Vantage FX | Yes | 1.100 | $200 | N/A | |
| Moneta Markets | Yes | 1.100 | $200.00 | N/A | |
| HYCM | Yes | 2.00 | $100 | N/A | |
| VT Markets | Yes | 1.30 | $200 | N/A | |
| OctaFX | Yes | 1.100 | $25 | N/A |
How to Verify SECP Authorisation
Unfortunately, the SECP does not provide a list of authorized forex brokers; however, residents can contact the SECP directly to verify authorisation.
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Methodology
For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.
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." Learn more.
