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Best Forex Brokers and Trading Apps in Pakistan for 2025

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

October 30, 2025
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Steven Hatzakis Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Trading forex (currencies) in Pakistan is popular among residents. While recommended, online 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 State Bank of Pakistan (SBP) regulates the exchange of physical currencies, such as with money service businesses and money exchangers that convert currency at local kiosks (at the airport, for example). It’s important to note that money exchangers are not ordinarily used for speculating in forex markets, which can only be done with an online broker. Banks in Pakistan are regulated by the Foreign Exchange Regulation Department (FERD), which was established by the SBP to bring integrity to the local forex markets in Pakistan.

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.

Securities and Exchange Commission of Pakistan

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.

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 my overall rankings of the top forex brokers.

Company Accepts PK Residents Average spread (EUR/USD) - Standard account Minimum Deposit Overall Rating
Interactive Brokers logoInteractive Brokers
check 0.59 info $0 5/5 Stars
AvaTrade logoAvaTrade
check 0.93 info $100 4.5/5 Stars
Pepperstone logoPepperstone
check 1.1 info $0 4.5/5 Stars
XM Group logoXM Group
check 2 info $5 4.5/5 Stars
FP Markets logoFP Markets
check 1.3 info $100 AUD 4.5/5 Stars
IC Markets logoIC Markets
check 0.62 info $200 4.5/5 Stars
FxPro logoFxPro
check 1.6 info $100 4.5/5 Stars
Tickmill logoTickmill
check 1.70 info $100 4.5/5 Stars
Vantage logoVantage
check 1.32 info $50 4/5 Stars
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
check 1.3 info $20 4/5 Stars
HFM logoHFM
check 1.8 info $0 4/5 Stars
Questrade logoQuestrade
check N/A $250 4/5 Stars
ActivTrades logoActivTrades
check 1.08 info $0 4/5 Stars

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.

Winners Summary

Best for professional traders – Interactive Brokers

Company Accepts PK Residents Overall Rating Minimum Deposit Average spread (EUR/USD) - Standard account
Interactive Brokers logoInteractive Brokers
check 5/5 Stars $0 0.59 info

Interactive Brokers (IBKR) is a top choice in Pakistan for professional and high-volume traders. Founded in 1977 and publicly traded on NASDAQ under the ticker IBKR, the firm is regulated in nine Tier-1 jurisdictions and holds a Trust Score of 99. Interactive Brokers maintains over $10 billion in equity capital and offers access to more than 150 global markets.

Platform: The platform includes the advanced Trader Workstation (TWS) for desktop, the streamlined IBKR Mobile app, and a powerful web-based portal. Each platform offers deep functionality for order management, technical analysis, and portfolio monitoring. Interactive Brokers also supports integrations with TradingView and MetaTrader via third-party bridging.

Pricing: Spreads on EUR/USD average around 0.2 pips, with a small commission, and tiered pricing is available for high-volume traders. While minimum commissions may apply to smaller trades, the overall cost structure remains competitive, particularly for larger accounts.

Pakistani traders can access a broad range of asset classes, including forex, stocks, ETFs, options, futures, and bonds. This makes Interactive Brokers a strong fit for traders seeking multi-asset exposure through a single account with institutional-grade tools.

Great for beginners and copy trading – AvaTrade

Company Accepts PK Residents Overall Rating Minimum Deposit Average spread (EUR/USD) - Standard account
AvaTrade logoAvaTrade
check 4.5/5 Stars $100 0.93 info

AvaTrade is well-suited for beginner traders and those interested in copy trading. Founded in 2006, the broker is regulated in multiple Tier-1 and Tier-2 jurisdictions and has developed a reputation for providing a simple and accessible trading experience.

Platform: The AvaTradeGO mobile app and WebTrader platform are designed with ease of use in mind, offering intuitive interfaces and risk management features such as AvaProtect. For traders who prefer MetaTrader, both MT4 and MT5 are fully supported.

AvaTrade also provides integrated access to social trading networks such as ZuluTrade and DupliTrade. These platforms allow users to copy the trades of experienced investors, which can be especially useful for newer market participants or those looking for automated strategies.

Pricing: With a low minimum deposit of $100 and fixed spreads starting from 0.9 pips, AvaTrade offers a competitive pricing model. Islamic (swap-free) accounts are available, meeting the needs of traders in Pakistan who require Sharia-compliant trading solutions.

Great for MetaTrader and copy trading – Pepperstone

Company Accepts PK Residents Overall Rating Minimum Deposit Average spread (EUR/USD) - Standard account
Pepperstone logoPepperstone
check 4.5/5 Stars $0 1.1 info

Pepperstone is a strong option for traders in Pakistan seeking low-cost access to the MetaTrader and cTrader platforms. Established in 2010, Pepperstone is regulated in multiple Tier-1 jurisdictions and is known for its fast execution speeds, tight spreads, and broad platform support.

Platform: Traders can choose between MetaTrader 4, MetaTrader 5, cTrader, and TradingView, which provides a flexible setup for both manual and automated trading. Pepperstone also supports various copy trading solutions, including Myfxbook AutoTrade, MetaTrader Signals, and DupliTrade.

Pricing: The broker’s Razor account offers spreads as low as 0.0 pips on major pairs, with a commission-based pricing structure. Standard accounts offer commission-free trading with spreads averaging around 1.0 pips. Execution is consistently fast, and slippage is minimal due to the broker’s infrastructure.

Islamic accounts are available upon request. Combined with responsive customer support and a solid education offering, Pepperstone is a suitable choice for experienced and intermediate traders in Pakistan who prioritize platform performance and cost efficiency.

FAQs

Is forex trading legal in Pakistan?

Yes, forex trading in Pakistan is legal, albeit with restrictions. The physical exchange of money at a local kiosk or bank is regulated in Pakistan by the SBP and SECP. However, there are currently no brokers in Pakistan that are locally licensed by the SECP to provide the ability to speculate with derivatives such as spot forex contracts or CFDs.

As a result, forex traders in Pakistan use international forex brokers (such as the brokers covered in this guide). Regardless of where your international forex broker is based, it’s important to choose brokers that are well-regulated and properly licensed. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds (learn more by reading our guide to avoiding forex scams).

quizDid you know?

Forex trading is sharia-compliant, and many international forex brokers offer Islamic accounts to residents of Pakistan following the Shariah Governance Regulations of 2018.

How to verify SECP authorisation

The Securities and Exchange Commission of Pakistan (SECP) was founded in 1999. Mandated by the SECP Act of 1997, the SECP regulates local capital markets, insurance companies, and other corporations and fnancial institutions. The SECP oversees all market participants for the local stock and futures exchanges and maintains a list of all regulated securities brokers that can be downloaded from the SECP’s official website in Excel format. There are currently 334 brokers regulated by the SECP that operate on local and regional stock exchanges across Pakistan.

Note: Banks and local money exchangers in Pakistan are regulated by the central bank, also known as the State Bank of Pakistan (SBP).

securityWhy regulation is important

Choosing a reputable, well-regulated forex broker is a crucial step towards avoiding forex scams. My educational series dedicated to forex scams shows you how to identify common forex scams and provides helpful information about what to do if you've been scammed. I also explain how crypto enthusiasts and bitcoin traders can spot common crypto scams.

Which forex broker is best in Pakistan?

Interactive Brokers is the highest-rated forex broker for residents of Pakistan in 2025. The broker is publicly traded (NASDAQ: IBKR), regulated in nine Tier-1 jurisdictions, and holds a Trust Score of 99. Interactive Brokers offers professional-grade trading platforms, competitive spreads, and access to over 150 markets across asset classes, including forex, stocks, ETFs, and futures.

The Trader Workstation (TWS) platform, combined with IBKR Mobile and web trading tools, delivers a comprehensive experience for retail and institutional traders alike. The broker also supports third-party platforms such as MetaTrader and TradingView.

What is the best trading app in Pakistan?

The best trading app available to residents of Pakistan is IBKR Mobile by Interactive Brokers. The app delivers access to global financial markets and supports advanced features including real-time quotes, complex order types, portfolio tracking, and risk analytics. IBKR Mobile is designed for both active retail traders and institutional clients, and supports integration with the broader Interactive Brokers platform suite.

When does the forex market open in Pakistan?

The global forex market opens each week on Monday at 2:00 AM Pakistan Standard Time (PKT) and closes on Saturday at 2:00 AM PKT. These times reflect the global forex trading week, which begins in Sydney and ends in New York.

Peak trading hours for liquidity and volatility occur during the overlap between the London and New York sessions, typically from 5:00 PM to 9:00 PM PKT. This time window is often considered optimal for trading major currency pairs.



Article Resources

Securities and Exchange Board of Pakistan, Wikipedia, Shariah Governance Regulations of 2018

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2025 Review Methodology

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected 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).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

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.

Read our full explanation and accounting of our research and testing process to 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. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans

John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck

Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

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