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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.
Best Forex Brokers Pakistan
To find the best forex broker 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 Trust Score Ranking.
Here is our list of the best forex brokers in Pakistan.
- IG - Best Overall, Most Trusted
- Saxo Bank - Best Web Platform, Research
- City Index - Well-rounded Offering
- Swissquote - Best Banking Services
- Markets.com - 3.5 Stars
Pakistan Forex Brokers Comparison
| Forex Broker | Accepts PK Residents | Average Spread EUR/USD - Standard | Minimum Initial Deposit | Trust Score | Overall | Open Account |
|---|---|---|---|---|---|---|
| IG | Yes | 0.750 | £250.00 | 99 | Visit Site | |
| Swissquote | Yes | N/A | €500.00 | 99 | N/A | |
| Saxo Bank | Yes | 0.900 | $2,000.00 | 98 | N/A | |
| City Index | Yes | 0.770 | £100.00 | 91 | N/A | |
| Markets.com | Yes | 1.900 | $100 | 90 | N/A | |
| easyMarkets | Yes | 1.800 | $100.00 | 81 | N/A | |
| LCG | Yes | 1.450 | $0.00 | 79 | N/A | |
| XM Group | Yes | 1.600 | $5-100 | 78 | N/A | |
| ThinkMarkets | Yes | N/A | $250.00 | 77 | N/A | |
| Vantage FX | Yes | 1.400 | $100 | 74 | N/A | |
| IC Markets | Yes | 1.100 | $200 | 72 | N/A | |
| Alpari | Yes | 0.92 | $100.00 | 69 | N/A | |
| ForexTime | Yes | 0.80 | $100 | 69 | N/A | |
| Instaforex | Yes | N/A | $1 | 66 | N/A | |
| FX Choice | Yes | N/A | $100 | 54 | N/A |
How to Verify SECP Authorisation
During our research we were unable to locate a forex brokers directory on the SECP website. However, there are lists of other authorised financial service providers, such as futures advisors and commodity exchanges. If a forex list gets added it will likely appear here. For now, users can verify the authorisation status of a broker by completing a query on the SECP's website.
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