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Ranking

Forex brokers for Pakistan: what checks out and what does not

8 forex brokers compared on published criteria. Every value in the table comes from a source we name, and platforms we could not verify are listed separately instead of being given a place.

Scores and criteria

# Platform Allowed to serve clients in the country The rest
1 Pepperstone 3.9/5 Yes, no local regulator warning found
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.1 pips
Local deposit and withdrawal methods
5 (Visa, Mastercard, Skrill, Neteller, international bank transfer)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
5 (MT4, MT5, cTrader, TradingView, Pepperstone's proprietary TradingView-powered platform)
Minimum deposit
USD 10
Maximum leverage
200:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2010
2 FBS 3.6/5 Yes, no local regulator warning found
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
0.7 pips
Local deposit and withdrawal methods
3 (Local bank transfer, cards, e-wallets)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
3 (MT4, MT5, FBS Trader app)
Minimum deposit
USD 5
Maximum leverage
3000:1 maximum
Commission per round turn
—not confirmed
Operating since
2009
3 AvaTrade 3.5/5 —not confirmed
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
—not confirmed
Local deposit and withdrawal methods
4 (Cards, wire, Skrill, Neteller)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
6 (MT4, MT5, WebTrader, AvaTradeGO, AvaOptions, AvaSocial)
Minimum deposit
USD 100
Maximum leverage
400:1 maximum
Commission per round turn
—not confirmed
Operating since
—not confirmed
4 XM 3.4/5 Yes, no local regulator warning found
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.0 pips
Local deposit and withdrawal methods
3 (Local PKR bank transfer, cards, e-wallets)
Licence from the local regulator
No, not licensed by the local regulator
Trading platforms
3 (MT4, MT5, XM app)
Minimum deposit
USD 5
Maximum leverage
1000:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2009
5 Exness 3.1/5 —not confirmed
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
—not confirmed
Local deposit and withdrawal methods
—not confirmed
Licence from the local regulator
No, the entity serving PK holds no licence from the local regulator
Trading platforms
5 (MetaTrader 4, MetaTrader 5, Exness Terminal (web), the Exness Trade app for Android, iOS)
Minimum deposit
USD 10
Maximum leverage
1:Unlimited, conditional
Commission per round turn
—not confirmed
Operating since
2008
6 HFM 2.5/5 No, named in a local regulator warning
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
0.6 pips
Local deposit and withdrawal methods
3 (JazzCash, Easypaisa, local bank transfer)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
3 (MT4, MT5, HFM app)
Minimum deposit
USD 5
Maximum leverage
2000:1 maximum
Commission per round turn
USD 6 per round turn
Operating since
2010
7 FXTM 2.3/5 —not confirmed
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.5 pips
Local deposit and withdrawal methods
3 (Cards, bank transfer, e-wallets)
Licence from the local regulator
No, not licensed by the local regulator
Trading platforms
3 (MT4, MT5, FXTM app)
Minimum deposit
USD 10
Maximum leverage
2000:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2011
8 OctaFX 1.8/5 No, named in a local regulator warning
Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.4 pips
Local deposit and withdrawal methods
2 (Local bank, e-wallet)
Licence from the local regulator
No, not licensed by the local regulator
Trading platforms
3 (OctaTrader, MT4, MT5)
Minimum deposit
USD 25
Maximum leverage
1000:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2011

— not confirmed: we found no published source for this value, so we leave it blank rather than guess.

Criteria weighted on publication: Allowed to serve clients in the country 3.0, then Swap-free (Islamic) account, EURUSD spread, commission-free account, Local deposit and withdrawal methods, Licence from the local regulator, Trading platforms, Minimum deposit, Maximum leverage, Commission per round turn, Operating since. We earn a commission on some outbound links — how that works is on the methodology page. Methodology.

Not enough data to rank

These platforms are missing confirmations for several of our criteria. Ranking them would make a platform we simply know little about look like the worst one — so we list them apart, with what we do know, until more is confirmed. Fewer than 3 confirmed criteria means no place.

Tickmill

Allowed to serve clients in the country
— not confirmed
Swap-free (Islamic) account
— not confirmed
EURUSD spread, commission-free account
1.7 pips
Local deposit and withdrawal methods
— not confirmed
Licence from the local regulator
No, not licensed by SECP
Trading platforms
— not confirmed

2 / 6 — only 2 criteria known — we do not assign a place on that

The order above comes from the published criteria, not from who pays us. Before you fund an account, read the broker's own terms for your country.

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