Forex trading, the worlds largest and most liquid financial market, offers opportunities for buying and selling currencies on a daily basis, with transactions surpassing $6 trillion globally. In Pakistan, forex trading has been gaining traction, driven by a growing interest in diversifying investment portfolios and accessing international markets.
The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) regulate forex trading activities. Pakistani traders can benefit from a range of forex brokers that offer features like competitive spreads, advanced trading platforms, and secure transactions. To assist you in finding the right fit, weve curated a list of the top forex brokers in Pakistan for 2025, designed to guide both new and seasoned traders in making informed decisions.
Best Forex Brokers in Pakistan
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Comparison of Best Forex Brokers in Pakistan
Forex Broker
License
Minimum Spread
Maximum Leverage
Minimum Deposit
Open account
Details
Compare
Best Forex Brokers in Pakistan Reviewed
① AvaTrade
AvaTrade is a well-established broker that offers several trading platforms for different types of traders. It provides a wide variety of financial instruments, including forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, FX options.
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⭐⭐⭐⭐⭐ |
| Min Deposit | $100 |
| Tradable Instruments | Forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, FX options |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Trading Fees | Tight spreads & low commissions |
| Trading Platforms | AvaTrade Mobile App, Mobile WebTrader, AvaSocial, AvaOptions, DupliTrade, MT4/5 |
| Payment Methods | MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto |
| Customer Support | Live chat |
Pros:
√ Access to MetaTrader and proprietary platforms
√ A wide array of tradable assets
√ strong regulatory traction
Cons:
× The withdrawal process is slow compared to other brokers
× After 3 consecutive months of non-use (“Inactivity Period”), and every successive Inactivity Period, an inactivity fee will be deducted from the value of the Customers trading account ($/€/£50)
② Exness
Exness offers the popular MT4 trading platform, alongside thorough educational resources for beginners.
 |
⭐⭐⭐⭐ |
| Min Deposit | $10 |
| Tradable Instruments | CFDs on forex, commodities, stocks, indices, cryptos |
| Demo Account | ✅ |
| Trading Fees | From 0.2 pips & commission-free (Standard account) |
| Trading Platforms | MT4/5, Exness Terminal, Exness Trade app |
| Social Trading | ✅ |
| Payment Methods | Bank Card, MyPay, OTC, Skrill, Neteller, ChipPay, SticPay |
| Customer Support | 24/7 live chat |
Pros:
√ Excellent education and research tools
√ Transparent fee structure
√ Good customer service
Cons:
× Clients from the USA, Canada, Iran, North Korea, Europe, the United Kingdom, Russia, Belarus and others are not allowed
③ FXCM
FXCM specializes in the forex market, providing access to international financial markets to perform trading.
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⭐⭐⭐⭐ |
| Min Deposit | $50 |
| Tradable Instruments | Forex, shares, indices, commodities, cryptocurrencies |
| Demo Account | ✅($20,000 of virtual money) |
| Trading Fees | Floating around 1.1 pips (EUR/USD) & commission-free |
| Trading Platforms | Trading Station, TradingView Pro, MT4, Capitalise A |
| Payment Methods | Bank Transfer, Visa, MasterCard, Google Pay, Neteller, Skrill |
| Customer Support | Live chat, contact form, WhatsApp |
Pros:
√ Access to multiple platforms
√ Customizable trading strategies
√ Strong analytical tools
Cons:
× Clients from the United States, Canada, United Kingdom, European Union, Hong Kong, Australia, Israel and Japan are not allowed
④ Pepperstone
Pepperstone is a leading online Forex and CFD broker providing cutting-edge trading technology and personalized client support to traders around the globe.
 |
⭐⭐⭐⭐⭐ |
| Min Deposit | $200 |
| Tradable Instruments | 1,200+, forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs |
| Demo Account | ✅ (valid for 60 days) |
| Trading Fees | Average 1.1 pips (EUR/USD) & commission-free (Standard account |
| Trading Platforms | Pepperstone App, MT4/5, cTrader, TradingView (iPhone, Android, tablet, dekstop, web) |
| Payment Methods | UnionPay, Alipay, Visa, MasterCard, bank transfers, Neteller, Skrill, U-Payment, USDT (Tether), Google Pay, Apple Pay |
| Copy/Social Trading | ✅ |
| Customer Support | Monday to Friday Beijing time: 9 a.m. to 12 p.m. - live chat, contact form, phone, email |
Pros:
√ Excellent trading platforms
√ Speedy execution
√ Regulated by multiple regulatory authorities
Cons:
× Limited educational materials
× High minimum deposit requirement
⑤ IC Markets Global
IC Markets Global specializes in providing high-speed trade execution and tight spreads.
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⭐⭐⭐⭐⭐ |
| Min Deposit | $200 |
| Tradable Instruments | 2,250+, CFDs on 61 currency pairs, 24 commodities, 2,100+ stocks, 25 indexes, 9 bonds, 21 cryptocurrencies, 4 futures |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Trading Fees | From 0.8 pips & commission-free (Standard account) |
| Trading Platforms | MT4/5, cTrader, TradingView (Windows, Web, Android, Mac, iOS) |
| Social Trading | ✅ |
| Payment Methods | MasterCard, Visa, PayPal, Neteller, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLi, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking |
| Deposit & Withdrawal Fees | ❌ |
| Customer Support | 24/7 - live chat, contact form, phone, email, Help Centre |
Pros:
√ Vast range of markets
√ Low latency
√ High-quality customer service
Cons:
× High minimum deposit requirement
× Weaknesses in research and educational tools
× Clients from the United States of America, Canada, Brazil, Israel, New Zealand, Iran and North Korea (Democratic People's Republic of Korea) are not allowed
⑥ Tickmill
Tickmill is an online forex broker providing trading services for a wide range of financial instruments and multiple payment options.
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⭐⭐⭐⭐ |
| Min Deposit | 100 USD/EUR/GBP/ZAR |
| Tradable Instruments | 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Trading Fees | From 1.6 pips & commission-free (Classic account) |
| Trading Platforms | MT4/5 (Windows, MacOS, Android, iOS, WebTrader), Tickmill Trader (Android, iOS) |
| Copy/Social Trading | ✅ |
| Payment Methods | Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, WebMoney |
| Deposit & Withdrawal Fees | ❌ |
| Customer Support | Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time - live chat, contact form, phone |
Pros:
√ Wide scope of trading instruments
√ Excellent platform choices
√ Multiple payment options
Cons:
× US clients are not allowed
× Limited research tool
⑦ XM
Active since 2009, XM has provided full services for the trading of forex and CFDs.
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⭐⭐⭐⭐ |
| Min Deposit | $5 |
| Tradable Instruments | 1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, thematic indices |
| Demo Account | ✅ (30 days) |
| Trading Fees | From 1.6 pips & commission-free (Standard account) |
| Trading Platforms | MT4/5, XM App |
| Copy Trading | ✅ |
| Payment Methods | Credit/debit cards, bank transfers, e-wallets |
| Deposit & Withdrawal Fees | ✅ |
| Customer Support | Live chat, Line, phone, Help Center |
Pros:
√ A wide range of educational resources
√ Offers both MetaTrader 4 and 5 platforms
√ Quick and reliable customer service
Cons:
× Clients from the United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran are not allowed
× Commissions are applied to the share account
⑧ FP Markets
FP Markets is recognized for its direct market access trading setup via powerful software.
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⭐⭐⭐⭐ |
| Min Deposit | $100 AUD or equivalent |
| Tradable Instruments | 70+ forex currency pairs, 10,000+ stocks, 19 indices, commodities, bonds, metals, digital currencies |
| Demo Account | ✅ (30 days) |
| Trading Fees | From 1.0 pips & commission-free (Standard account) |
| Trading Platforms | MT4/5, TradingView, cTrader, FP Markets Trading App |
| Copy/Social Trading | ✅ |
| Payment Methods | Visa, MasterCard, BPAY, UnionPay, POLi, PayPal, Skrill, Neteller, Fasapay, Bank Transfer |
| Deposit Fee |
❌ |
| Withdrawal Fee | ✔ |
| Customer Support | 24/7 - live chat, phone, email |
Pros:
√ Wide range of tradable assets
√ Great customer service
√ Competitive trading fees
Cons:
× No Micro/Cent accounts for beginners
× Withdrawal fee charged
× Clients from the Afghanistan, Cuba, Islamic Republic of Iran, Iraq, Liberia, Libya, Myanmar, Palestine, Russian Federation, Somalia, Syrian Arab Republic, Sudan, Yemen, and United States are not allowed
⑨ Admiral Markets
Admiral Markets are established forex and CFD brokers offering tailored professional trading services.
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⭐⭐⭐⭐ |
| Min Deposit | 25 USD/EUR/JOD, 100 AED (Trade.MT4/5 Account) |
| Tradable Instruments | 2,500+, forex, indices, commodities, ETFs, stocks, cryptocurrencies |
| Demo Account | ✅ (30 days) |
| Islamic Account | ✅ |
| Trading Fees | From 1.2 pips & commission-free (Trade.MT4 account) |
| Trading Platforms | MT4/5, Trading App, Admirals Platform, StereoTrader |
| Payment Methods | Visa, MasterCard, Skrill, Neteller, Crypto payments, Bank Wire |
| Deposit Fee | ❌ |
| Withdrawal Fee | One free withdrawal request every month, 5 EUR/USD thereafter |
| Customer Support | Live chat, contact form, phone, email |
Pros:
√ MT4 and MT5 are supported
√ Quality educational materials
√ Good analysis tools
Cons:
× Inactivity fee of 10 EUR per month (charged if the account balance is greater than zero)
× Withdrawal fee charged
× Belgium clients are not allowed
⑩ HFM
HFM provides a solid lineup of forex pairs and shares well-suited for both beginners and experienced traders.
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⭐⭐⭐⭐ |
| Min Deposit | $0 |
| Tradable Instruments | 500+ CFDs on Forex, Commodities, Metals, Bonds, Energies, ETFs, Indices, Cryptos, Stocks |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Trading Fees | From 1.2 pips & commission-free (Cent account) |
| Trading Platforms | MT4/5, HFM Trading App |
| Payment Methods | UnionPay (only withdrawal), Wire Transfer, MasterCard, Visa, Crypto, Fasapay, Neteller, Skrill |
| Copy Trading | ✅ |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Customer Support | 00:00 Monday to 23:59 Friday (Server Time) - live chat, phone, fax, email, FAQs |
Pros:
√ Wide variety of assets
√ No minimum deposit requirement
√ Multiple payment options
Cons:
× Clients from the USA, Canada, Sudan, Syria, Iran, North Korea are not allowed
Forex Brokers in Pakistan FAQs
Is forex trading legal in Pakistan?
Yes, forex trading is legal in Pakistan. The practice is regulated by the Securities and Exchange Commission of Pakistan (SECP) and overseen by the State Bank of Pakistan (SBP).
SECP vs SBP
While the SBP is not directly involved in the regulation of Forex brokers, its policies and regulations can indirectly influence the Foreign Exchange market in Pakistan. The SBP is responsible for maintaining the stability of the country's financial system and controlling inflation, which can impact currency rates and thus, Forex trading. However, when it comes to direct regulation and oversight of Forex brokers, this is primarily handled by the Securities and Exchange Commission of Pakistan (SECP).
How to verify if a forex broker is regulated in Pakistan?
You can verify a broker's regulation via four simple steps:
Step 1: Check the Broker's Website
Look for the regulatory information usually listed in the footer of the homepage or the 'About Us' section. They usually provide their registration number and the name of the regulatory body.
Step 2: Visit SECP's Website
Once you have the name and registration number, visit the Securities and Exchange Commission of Pakistan (SECP)'s website.
Step 3: Search in the List
SECP maintains a list or a database of all regulated financial entities. Use the search function, if available, to search for the broker's name or the registration number.
Step 4: Check the Status
If the broker is indeed registered and regulated, you should be able to find them listed on the SECP's website. Make sure the entity is not only registered but also active.
How to trade forex in Pakistan?
To trade forex in Pakistan, follow these steps:
Research and Choose a Forex Broker: Select a reputable forex broker that is regulated by the Securities and Exchange Commission of Pakistan (SECP). Ensure the broker offers a user-friendly trading platform, competitive spreads, and reliable customer support.
Open a Trading Account: Sign up for an account with your chosen broker. This usually involves providing personal information, proof of identity, and financial details. Complete any required Know Your Customer (KYC) procedures.
Fund Your Account: Deposit funds into your trading account using available methods such as bank transfers or digital payment systems. Be aware of the minimum deposit requirements set by the broker.
Download Trading Software: Install the brokers trading platform on your computer or mobile device. Popular platforms include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer a range of tools and features for trading.
Learn the Basics: Familiarize yourself with forex trading concepts, including currency pairs, leverage, and risk management. Many brokers offer educational resources and demo accounts for practice.
Start Trading: Once you're comfortable, you can begin trading by placing buy or sell orders on currency pairs. Monitor your trades and adjust your strategy based on market conditions and personal goals.
Stay Informed: Keep up with economic news, market trends, and regulatory updates that may affect forex trading in Pakistan. Regularly review and adjust your trading strategies as needed.
What are the most frequently traded currency pairs in Pakistan?
In Pakistan, the most frequently traded currency pairs generally align with global trading preferences. For example,
USD/PKR (US Dollar / Pakistani Rupee)
EUR/PKR (Euro / Pakistani Rupee)
GBP/PKR (British Pound / Pakistani Rupee)
USD/JPY (US Dollar / Japanese Yen)
EUR/USD (Euro / US Dollar)
What’s the best time for trading forex in Pakistan?
The best time for trading forex in Pakistan is during the London/New York overlap, which is from 1:00 PM to 5:00 PM PKT. This period offers the highest liquidity and trading opportunities due to the simultaneous activity of two major forex markets.
How does forex trading pay tax in Pakistan?
In Pakistan, profits from forex trading are considered part of your taxable income. If you earn a profit from forex trading, it should be declared in your annual income tax return. The tax rate you pay will depend on your total income, including your forex profits, and the applicable tax slab.
To pay taxes on forex trading, you must file an annual tax return with the Federal Board of Revenue (FBR). You need to report your forex trading profits as part of your income. It's important to keep detailed records of your trading activities, including profits, losses, and transactions, as these will be necessary when filing your tax return. If your forex trading significantly increases your wealth, you may need to file a wealth statement alongside your tax return.
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