Best Forex Brokers in Pakistan

In Pakistan, commodities and retail currency trading is regulated and overseen by the Securities and Exchange Commission of Pakistan. Located in Islamabad, SEC of Pakistan is responsible for not only the oversight of the exchange-based trading of securities and futures, but it also serves as the main regulatory body of the banking system, insurance industry, REITS, mortgage providers, and many other financial institutions active in the country. Pakistan, like its neighbor India, is not the most popular regional center for retail forex brokers, and retail forex services are provided by internationally active companies. Still, frauds by local “brokers” is not uncommon, and the SECP is constantly taking new action to curtail their activities.

Forex trading in Pakistan is not only legal, but also gaining popularity among residents as the economy expands. Pakistan is part of the Next Eleven list of developing economies, placing it on course to become one of the largest economies in the 21st century. 

Finding the list of the Best Forex Brokers in Pakistan and worldwide can be a difficult process, especially finding a list of trustworthy brokers who accept Pakistan traders and who allow these traders to invest in their currency, the Pakistani rupee(PKR).

The forex market is considered the largest financial market in the world. to start trading in the forex market, you will need a good forex broker, choose one of the best forex brokers in pakistan can be difficult with all these online forex brokers. here is a list of good regulated forex brokers for traders living in Pakistan, to open a account forex trading in pakistan for an experience and good online trading environment.

There are few FX brokers which are incorporated in Pakistan. However, the government has allowed other international players to enter the market and this has substantially brought up the number of legitimate Forex brokers in the country. We have compiled a Pakistani Forex brokers list after conducting in-depth research on them. You can then opt to choose from the list the best place to do your trading. The Top 10 brokerage companies in Pakistan include regulated online platforms with the most favorable trading terms, which provide clients with the highest service levels and a guarantee of the safety of clients’ funds.

Pakistan’s Best Brokers list for Forex Trading in 2023: 


This broker is controlled by the CySEC and FSA. It allows clients to start trading with $1 in their accounts. 


You need just $1 on your account to start trading with this broker. Clients have access to the MetaTrader 4, MetaTrader 5, and MultiTerminal platforms. The broker is regulated and has easy deposit methods.


The company has a minimum deposit of $100. It offers spreads from 0.6 pips and leverages up to 1:500. It is controlled by the CySEC.  


The company operates under strict regulation with tight spreads start at 0.6 pips.

CMC Markets 

A reliable broker offering traders to trade in MT4 with spreads from 0.7 pips. The minimum deposit is $1. Its regulator is FCA. 


A company with a wide range of trading accounts, including Micro and ECN. Spreads start at 0.1 pips. Traders get leverage up to 1:3,000. It is regulated by the IFSC (Belize). 


This broker is licensed by the ASIC and FSA regulators, offering minimal spreads. The maximum leverage is 1:500. The minimum deposit is $200.


A broker regulated by CySEC, FCA, FSC, and FSCA. It is enough to deposit $10 to start your trading. The maximum leverage is 1:2000.


Entry to the Forex market via this broker is possible with a deposit of $50 or more. Its clients have access to trades with 4,000 trading instruments in the popular MT4, MT5, and ZuluTrade platforms. It is supervised by the FCA.

The broker is part of the world-renown GAIN Capital company licensed by the FCA. Here you can trade through MetaTrader 4/5 and a proprietary terminal. The minimum deposit is $1,000, and spreads are from 0.2 pips.

Rating brokers using objective criteria 

The specialists at Traders Union have compiled several extra ratings in addition to the consolidated Best Pakistani Brokers list. They include companies meeting certain parameters in the best way.

On the rating page, you can find lists of brokers that:

  • opened more than one office in Pakistan;
  • allow customers to replenish their trading accounts in local PKR currency; 
  • offer investment programs;
  • provide the best trading terms for novice traders;
  • support deposits using Pakistani banks.

There is also a brief description of how the Pakistani Forex market functions. There are reviews by real clients of brokers.

Key criteria used to assess the best Pakistan Forex brokers 

The Traders Union analysts examined each company according to 107 criteria to compile the most objective best Forex brokers in Pakistan rating.

The assessment was carried out according to: 

22 financial criteria;

18 economic criteria;

27 client criteria;

23 service criteria;

17 reputational criteria.

An integrated approach has become the key to a high-quality and comprehensive assessment of the brokers under study.


One of the primary roles of the State Bank of Pakistan which affects Forex trading in Pakistan is its role in making sound monetary policies in a bid to ensure the local currency is stable. Being such an ambiguous role, this leaves the bank with a lot to do in terms of ensuring that all the sectors of the economy are performing well. This ultimately led to the creation of the Exchange Policy Department in SBP which was mandated with the function of overseeing the regulation of currency exchanges in the country. It works seamlessly with other law enforcement departments in a bid to root out any illegal Forex brokerage company that may be operating in the country.

You may be wondering what other functions this department carries out. They include ensuring that foreign exchange trading in the country is stable. This can be done by setting up sound monetary policies or even ensuring that foreign currency reserves in the country do not pose a risk to the local  currency traders. Moreover, this department is mandated with streamlining the foreign exchange market with the government’s financial policies and goals. It plays a consultancy role to the government and other departments in the bank by offering advice on any issues that touch on FTA’a and other international trade policies. Any broker that wishes to operate in the country needs to make sure that the regulations set by the Exchange Policy Department are not only met by the brokerage firm but also the clients that they tend to.

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