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Best Forex Brokers Pakistan for 2023

Trading forex (currencies) in Pakistan is popular among residents. While recommended, online forex brokers are not required to become authorised by the Securities and Exchange Commission of Pakistan (SECP) to accept residents of Pakistan as customers.To get more news about qartal fx review, you can visit wikifx.com official website.

The State Bank of Pakistan (SBP) regulates the exchange of physical currencies, such as with money service businesses and money exchangers that convert currency at local kiosks (at the airport, for example). It’s important to note that money exchangers are not ordinarily used for speculating in forex markets, which can only be done with an online broker. Banks in Pakistan are regulated by the Foreign Exchange Regulation Department (FERD), which was established by the SBP to bring integrity to the local forex markets in Pakistan.
To find the best forex brokers in Pakistan, we curated a list of forex brokers that currently accept new clients from Pakistan, and ranked those brokers by their Overall scores. Learn more about how we test.

Compare Pakistan authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

Is forex trading legal in Pakistan?
Yes, forex trading is legal in Pakistan, 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).
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.
Which forex broker is best in Pakistan?
IG is the best forex broker for residents of Pakistan in 2023. IG offers the ultimate forex trading package, delivering an impressive range of markets, excellent trading platforms and mobile apps, and award-winning research and educational content (IG was ranked #1 in both our Research and Education categories for our 2023 Annual Awards).

IG is also publicly traded, well-capitalized, and holds dozens of regulatory licenses in major jurisdictions around the world. Not only does IG accept clients from Pakistan, but we’ve consistently ranked IG as one of the best, most trusted brokers in the industry. IG won the top ranking for our Trust Score category for the ForexBrokers.com 2023 Annual Awards.
What is the best forex trading app in Pakistan?
Saxo Bank’s mobile app, SaxoTraderGO, is the best forex trading app for forex traders based in Pakistan in 2023. The SaxoTraderGO mobile app seamlessly blends elegant design and a host of powerful features, creating a trading experience that I describe as an “absolute pleasure” in my full-length review of Saxo Bank.

Whether you are exploring markets to trade, looking for investment research, or plotting trend lines and conducting technical analysis within Saxo’s powerful charts, the SaxoTraderGO user experience is highly fluid and nearly identical to Saxo Bank’s SaxoTraderGO web app. Other highlights include the ability to sync trend lines across devices and watchlists, and a smart trade ticket that lets you switch between instruments for a given asset class directly within the SaxoTraderGo app.
Who are the most trusted forex brokers in Pakistan?
We’ve tested over 60 of the best international brokers in the industry and conducted thorough research into each broker’s range of regulatory licenses to determine their individual Trust Score. Trust Score is a proprietary ranking system that is based on our independent research and data collection, which allows traders to get an at-a-glance rating of a broker’s overall trust. Rankings range from 1 to 99 (the higher a broker’s Trust Score, the better – learn more by visiting our Trust Score page).