Best Forex Brokers and Trading Apps in Pakistan for 2026

Written by Steven Hatzakis
Director of Online Broker Research

Edited by John Bringans
Managing Editor

Fact-checked by Joey Shadeck
Research Analyst

May 13, 2026

Fact Checked

Steven Hatzakis
Director of Online Broker Research

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.

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Why you can trust us

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).

Company	Accepts PK Residents	Average spread (EUR/USD) - Standard account	Minimum Deposit	Overall Rating
Interactive Brokers	check	0.226	$0
AvaTrade	check	0.93	$100
XM Group	check	2	$5
Pepperstone	check	1.1	$10
FP Markets	check	1.3	$100 AUD
FxPro	check	1.6	$100
IC Markets	check	0.62	$200
Tickmill	check	1.70	$100
HYCM (Henyep Capital Markets)	check	1.3	$20
HFM	check	1.8	$0
ActivTrades	check	1.08	$0
Questrade	check	0.8 or higher	$0

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.

Winners Summary

1. Interactive Brokers - Best forex broker in Pakistan

Company	Accepts PK Residents	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
Interactive Brokers	check		$0	0.226

Interactive Brokers in Pakistan: Interactive Brokers (IBKR) earns its spot for Pakistani traders who care less about local payment rails and more about reach. The product lineup spans forex, U.S. and international stocks, ETFs, options, futures, and bonds, all available through one account, and that depth is hard to replicate elsewhere from Pakistan. Listed on NASDAQ since 2007 and founded in 1977, IBKR runs on the kind of capital base most retail brokers can't approach.

Trust and regulation: Pakistani residents trade through IBKR's international subsidiaries under FCA, ASIC, SEC/CFTC, and additional Tier-1 oversight. There's no SECP license, since SECP doesn't license retail forex brokers locally anyway. The protections Pakistani traders rely on come from those foreign regulators rather than from any domestic compensation scheme.

Steven's take:

"Interactive Brokers is hard to beat for serious traders anywhere in the world, and Pakistan is no exception. The combination of Tier-1 regulation, multi-asset access, and institutional-grade execution puts it in a league of its own for offshore options."

Steven Hatzakis
Director of Online Broker Research

Platforms: Trader Workstation packs in algorithmic orders, conditional triggers, custom layouts, and risk monitoring tools more often found in institutional setups. IBKR Mobile and IBKR Desktop strip the complexity back for traders who want clean execution without TWS's full footprint, while Client Portal works well for browser-based account management. Notably, IBKR doesn't support MetaTrader, which may matter if you rely on existing MT4 EAs or third-party tools.

Interactive Brokers TradingView Integration

Unlike standalone broker platforms that separate charting from research, TradingView integrates technical analysis, multi-asset monitoring, and fundamental data in a single view, making it popular with active traders who want third-party charting depth with direct broker execution.

Pricing: Forex spreads on EUR/USD average around 0.2 pips with a low commission stacked on top. There's no minimum deposit, but the $2 minimum commission per trade hits smaller positions harder than larger ones, IBKR's cost structure tends to reward traders working at standard lot sizes or above rather than scalping micro lots.

2. AvaTrade - Great for beginners and copy trading

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

AvaTrade in Pakistan: AvaTrade is a strong fit for beginner traders in Pakistan and anyone interested in copy trading. Founded in 2006 and headquartered in Dublin, the broker is regulated across multiple Tier-1 and Tier-2 jurisdictions, including the Central Bank of Ireland, ASIC, FSCA, and Japan's FSA. It's earned a reputation over the years for delivering a simple, accessible trading experience without skimping on features.

Platforms: The AvaTradeGO mobile app and WebTrader platform are designed with ease of use in mind, offering intuitive interfaces and built-in risk management tools like AvaProtect, which lets traders hedge positions for a defined period. For traders who prefer the industry standards, both MetaTrader 4 and MetaTrader 5 are fully supported, giving you flexibility depending on your strategy.

Copy trading: AvaTrade also provides integrated access to social trading networks including ZuluTrade and DupliTrade, plus its own AvaSocial app. These platforms let users copy the trades of experienced investors, which can be especially useful for newer traders or those looking to automate strategies without writing code or building their own systems from scratch.

Screenshot of headlines from Trading Central news on the AvaTrade web platform.

AvaTrade’s WebTrader incorporates a "Latest News" feed powered by Trading Central, providing traders with real-time, actionable market briefings on key themes like U.S. futures and corporate earnings directly within the platform interface. The layout facilitates immediate execution by displaying live "Buy" and "Sell" buttons for relevant instruments, such as Crude Oil, at the bottom of each analysis piece, ensuring a seamless transition from research to trade.

Pricing: With a low minimum deposit of $100 and fixed spreads starting from 0.9 pips on EUR/USD, AvaTrade offers a competitive pricing model. Islamic (swap-free) accounts are also available, meeting the needs of Pakistani traders who require Sharia-compliant trading solutions, with interest-free trading offered for up to five days before standard charges apply.

3. XM Group - Best-in-class for education

Company	Accepts PK Residents	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
XM Group	check		$5	2

XM Group in Pakistan: XM Group is one of the most accessible brokers for Pakistani traders, with a $5 minimum deposit, strong MetaTrader support, and extensive educational content. Founded in 2009, XM is regulated by CySEC, ASIC, the FSCA, and the DFSA, with Pakistani clients typically onboarded through XM Global, the broker's offshore entity. Over 15 million accounts have been opened with XM worldwide, which speaks to its reach and reputation.

Platforms: XM supports MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile, giving traders full access to the industry's most popular charting and automated trading tools. The XM mobile app rounds things out with a clean interface for managing trades on the go, and Expert Advisor (EA) compatibility is fully supported on both MT4 and MT5 for traders running automated strategies.

XM MetaTrader 5 mobile trading app MT5 side panel navigation menu

Pricing: XM offers a tiered account structure, with Standard and Ultra Low accounts running on a spread-only model and the Shares account designed for stock CFD trading. Spreads on EUR/USD start around 0.6 pips on the Ultra Low account, and there are no commissions on forex trades for most account types, which keeps things simple for newer traders.

Islamic accounts and support: Islamic (swap-free) accounts are available for Pakistani residents who require Sharia-compliant trading. XM also runs a strong educational program, including live webinars, video tutorials, and an active trader research portal, which makes it a particularly good fit for beginner traders looking to develop their skills alongside their trading.

4. Pepperstone - Great for MetaTrader and copy trading

Company	Accepts PK Residents	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
Pepperstone	check		$10	1.1

Pepperstone in Pakistan: Pepperstone is a strong option for Pakistani traders seeking low-cost access to MetaTrader and cTrader. Founded in 2010, the broker is regulated by ASIC, the FCA, CySEC, and the DFSA, and is known for fast execution, tight spreads, and broad platform support.

Platforms and pricing: Traders can choose between MetaTrader 4, MetaTrader 5, cTrader, and TradingView. The Razor account offers spreads as low as 0.0 pips on major pairs with a commission-based structure, while Standard accounts run commission-free with spreads averaging around 1.0 pips. Islamic (swap-free) accounts are also available upon request, making Pepperstone a solid fit for Pakistani traders who prioritize cost efficiency and platform performance.

5. FP Markets - Excellent pricing, great for MetaTrader

Company	Accepts PK Residents	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
FP Markets	check		$100 AUD	1.3

Why FP Markets stands out for Pakistani traders: FP Markets is a multi-regulated Australian broker with a strong focus on low-cost, high-performance trading. Founded in 2005 and regulated by ASIC, CySEC, the FSCA, and others, FP Markets accepts Pakistani clients through its international entities and offers a localized Pakistan-specific website with PKR-friendly funding options.

Platforms and pricing: Traders can choose between MT4, MT5, cTrader, and TradingView, with two main account types: Standard (commission-free with wider spreads) and Raw (spreads from 0.0 pips with a $3 per side commission). The minimum deposit is $100, and Islamic (swap-free) accounts are available on request, making FP Markets a flexible, cost-efficient option for active Pakistani traders running automated or short-term strategies.

Other Pakistan forex brokers I tested

6. FxPro - Great for MetaTrader and algo trading

Company	Accepts PK Residents	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
FxPro	check		$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	Accepts PK Residents	Overall Rating	Average spread (EUR/USD) - Standard account	Minimum Deposit
IC Markets	check		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	Accepts PK Residents	MetaTrader 4 (MT4)	MetaTrader 5 (MT5)	TradingView
Interactive Brokers	check	No	No	Yes
AvaTrade	check	Yes	Yes	No
XM Group	check	Yes	Yes	No
Pepperstone	check	Yes	Yes	Yes
FP Markets	check	Yes	Yes	Yes

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 2026. 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 around 2:00–3:00 AM Pakistan Standard Time (PKT) and closes on Saturday around 2:00–3:00 AM PKT, with the exact times shifting by one hour depending on US daylight saving time. These times reflect the global forex trading week, which begins with the Sydney session and ends with the New York close.

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 (or 6:00 PM to 10:00 PM PKT during US standard time). This window is generally considered optimal for trading major currency pairs.

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

FP Markets vs Interactive Brokers XM Group vs Interactive Brokers Pepperstone vs AvaTrade Interactive Brokers vs Interactive Brokers AvaTrade vs XM Group

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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 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 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 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.