5 Best Forex Brokers in Pakistan
We have listed the 5 Best Forex Brokers in Pakistan for trading major and minor currency pairs, commodities, and indices. These brokers offer competitive spreads, secure trading environments, and user-friendly platforms, enabling both beginners and experienced traders to access global markets and trade with confidence and efficiency.
Important Note: As of now (2025), no Forex brokers are regulated by the Securities and Exchange Commission of Pakistan (SECP) for retail Forex trading. However, Pakistani traders can legally engage in Forex trading through offshore brokers regulated by reputable international authorities.
5 Best Forex Brokers in Pakistan (2025)
- XM – Overall, the Best Forex Broker in Pakistan
- FP Markets – Regulated by 🇦🇺 ASIC and 🇨🇾 CySEC for trusted oversight.
- Pepperstone – Offers Islamic swap-free accounts for Muslim traders.
- Tickmill – Offers negative balance protection for client safety.
- FXTM – Strong focus on education with webinars, etc.
Top 10 Forex Brokers (Globally)*
1. XM
XM holds multiple international licenses (including CySEC 🇨🇾, ASIC 🇦🇺, IFSC (Belize), FSCA, DFSA), offering a secure and regulated trading environment. Pakistani traders can open accounts, use PKR bank transfers, access Islamic swap-free options, and enjoy low minimum deposits without needing SECP authorization.
| What Makes XM Stand Out in Pakistan | Global Strengths |
| Supports PKR deposits and local bank transfers | Regulated by CySEC ASIC DFSA FSC Belize |
| Offers Islamic (swap free) account options | Low minimum deposit (USD 5) |
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Frequently Asked Questions
Is XM regulated within Pakistan by SECP?
No, XM is not regulated by the Securities and Exchange Commission of Pakistan. However, it is internationally regulated by respected authorities like CySEC, ASIC, DFSA, FSC Belize, and FSCA. Pakistani traders are legally allowed to use XM under these international jurisdictions.
Does XM accept traders from Pakistan and offer local features for them?
Yes, XM accepts Pakistani clients. It offers PKR deposits through local bank transfers, support in Urdu, and Islamic (swap-free) accounts. Minimum deposit is as low as USD 5. These features make XM accessible to beginners in Pakistan.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Low minimum deposit requirement | Not regulated by SECP in Pakistan |
| Islamic swap-free accounts available | Some promotions or account types vary by country |
| Urdu customer support | Local regulation recognition limited |
| Many global trading instruments and platforms | Withdrawal times can depend on payment method |
| International regulatory oversight enhances trust | Leverage limits and terms depend on user location |
Our Insights
XM provides a trustworthy option for Pakistani Forex traders by combining strong global regulation, localized deposit methods, and beginner-friendly account terms. While not regulated by SECP, its oversight by multiple regulators and its features tailored to Pakistani users make it a viable choice for those seeking reliability and flexibility.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. FP Markets
FP Markets is available to traders in Pakistan. It is not regulated locally by any Pakistani authority, but it operates under licenses from global regulators such as 🇦🇺 ASIC, 🇨🇾 CySEC, 🇿🇦 FSCA, 🇸🇨 FSA and 🇲🇺 FSC. Pakistani traders can access live and demo accounts through its international entities.
| Feature | Why It Matters for Pakistani Traders |
| Wide regulatory coverage | Multiple licences from respected bodies build confidence despite no local regulation |
| Low spreads and large instrument selection | Enables access to many forex and CFD instruments with competitive pricing |
| Islamic account availability | Appeals to Muslim traders who require Sharia-compliant trading terms |
| Strong international payment support | Helps overcome local banking restrictions or limitations |
 | Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes |
Frequently Asked Questions
Is FP Markets regulated in Pakistan?
No. FP Markets does not hold authorization from a Pakistani regulator. However, it is licensed by multiple international authorities, including 🇦🇺 ASIC, 🇨🇾 CySEC, 🇿🇦 FSCA, 🇸🇨 FSA, and 🇲🇺 FSC. These bodies provide oversight, though the rules are not specific to Pakistan.
Can Pakistani residents open an account with FP Markets?
Yes. Residents of Pakistan can open both demo and live accounts with FP Markets. The broker provides access to forex and CFDs, multiple account types, and international payment methods. Traders should confirm funding options and ensure compliance with the State Bank of Pakistan foreign exchange rules.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by multiple top-tier authorities | Not regulated by any Pakistani authority |
| Offers Islamic accounts | Possible issues with local banking and fund transfer regulations |
| Tight raw spreads starting from 0.0 pips | Local legal ambiguity may affect dispute resolution or protection |
| Over 10,000 tradable instruments | Support may have limited local (Urdu / region specific) availability |
| Member of the Financial Commission for dispute mediation | Minimum deposit (AUD 100 or equivalent) may be high for some traders |
Our Insights
FP Markets is accessible to Pakistani traders under its international licenses. While it lacks local regulation, the broker’s multiple global regulators and established reputation make it a reliable choice. Traders in Pakistan should still consider domestic banking restrictions and legal requirements before funding their accounts.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. Pepperstone
Pepperstone accepts clients from Pakistan through its global entity regulated by 🇧🇸 SCB. While it does not carry any license from a Pakistani regulator, it operates under respected licenses such as 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, 🇩🇪 BaFin, 🇦🇪 DFSA, and 🇰🇪 CMA. Pakistani traders can open live and demo accounts and use major platforms.
| Feature | Why It Matters in Pakistan |
| Strong global regulatory profile | Gives Pakistani traders confidence even without local licensing |
| Very low spreads beginning from 0.0-0.1 pips | Cost advantage in forex trades for retail clients |
| Swap-free (Islamic) account options | Aligns with beliefs of many traders in the majority-Muslim country |
| Multiple account platforms and types | Provides choice and flexibility to suit different traders |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Is Pepperstone regulated in Pakistan?
No. Pepperstone does not have regulatory approval from Pakistani authorities. Its oversight comes from foreign regulators, including 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, 🇩🇪 BaFin, 🇦🇪 DFSA, 🇧🇸 SCB, and 🇰🇪 CMA. These offer protection but do not replace local regulation.
Can Pakistani residents open an account with Pepperstone?
Yes. Pakistani residents are able to open trading accounts with Pepperstone’s SCB entity. They can use standard or razor account types, provide identity verification, select base currencies, and use common deposit or withdrawal methods. Traders should verify payment options and margin/leverage conditions.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by several tier-1 authorities | No oversight from any Pakistani regulator |
| Fast order execution | Recommended minimum deposit (≈ USD 200) may be high for some |
| Wide range of instruments including forex, CFDs, cryptos | Investor protection schemes may not apply under SCB entity |
| Swap-free option for religious compliance | Local payment methods or withdrawals may have more friction |
| Reliable deposit/withdrawal infrastructure internationally | Legal status of forex via international brokers remains a grey area locally |
Our Insights
Pepperstone serves Pakistani traders under its international licences, although it is not locally regulated in Pakistan. It provides strong legal protection from foreign regulators, competitive spreads, and a variety of trading choices. Pakistani traders should, however, confirm local banking rules and forex legality before investing.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Top 3 Forex Brokers in Pakistan – A Comparison
| Broker |  |  |  |
| Regulation | 🇧🇿 FSC 🇲🇺 FSC 🇸🇨 FSA | 🇦🇺 ASIC 🇨🇾 CySEC 🇿🇦 FSCA 🇸🇨 FSA 🇲🇺 FSC 🇰🇪 CMA | 🇦🇺 ASIC 🇩🇪 BaFin 🇰🇪 CMA 🇨🇾 CySEC 🇦🇪 DFSA 🇬🇧 FCA 🇧🇸 SCB |
| Minimum Deposit | 5 USD | 100 AUD | 10 AUD |
| Spreads From | 0.6 pips (majors) | 0.0 pips | 0.0 pips |
| Commissions | Zero commissions on most account types | Commission-free on some accounts | Yes |
| Swap Fees | Yes | Varies by account type and asset | Yes |
| Leverage | Up to 1:888 | Up to 1:500 | 1:500 (Pro) 1:200 (Retail) |
| Margin Requirements | Variable | Varies by asset and leverage level | Varies |
| Rebate / IB Program | Yes | Yes | Yes |
| Open an Account |  | | |
4. Tickmill
Tickmill accepts Pakistani traders under its internationally regulated entities. It holds licences from 🇬🇧 FCA, 🇨🇾 CySEC, 🇸🇨 FSA (Seychelles), 🇲🇾 Labuan FSA, and 🇿🇦 FSCA. Although not regulated by Pakistani authorities, it allows live and demo accounts and offers payment methods usable in Pakistan.
| Feature | Why It Matters to Pakistani Traders |
| Ultra‑low spreads on Raw or Pro accounts | Reduces trading cost especially for frequent traders |
| Variety of instruments | Gives access to many markets beyond just forex |
| Strong regulatory oversight globally | Adds security in case of disputes or broker default |
| Islamic (swap‑free) account option | Meets religious requirements for many in the majority Muslim country |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes |
Frequently Asked Questions
Is Tickmill regulated in Pakistan?
No. Tickmill does not have a license from any Pakistani financial regulator, such as SECP. It operates under global regulators like 🇬🇧 FCA, 🇨🇾 CySEC, 🇸🇨 FSA, 🇲🇾 Labuan FSA, and 🇿🇦 FSCA. These regulators ensure safety but do not substitute for local regulation.
Are Pakistani residents allowed to open accounts with Tickmill?
Yes. Pakistani residents can open standard accounts with Tickmill. They must go through verification, fund their account using supported deposit methods, and may use base currencies such as USD, EUR, or GBP. Traders should ensure that payment and withdrawal methods work locally.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Broad regulatory licences across top jurisdictions | No license from any Pakistani body |
| Supports popular platforms Mt4 and Mt5 | Minimum deposit might be high in local currency for some |
| Strong customer support and education tools | Withdrawal or deposit via local banks may face delays or charges |
| Offers negative balance protection in many jurisdictions | Forex trading remains a regulatory grey area under local law |
| Allows all trading strategies including hedging and scalping | Some base currencies unavailable for local convenience |
Our Insights
Tickmill is a reliable option for Pakistani forex traders under its international regulatory regimes. Although Tickmill lacks local Pakistani regulation, its licenses from major global authorities and transparent operations make it a strong choice. Pakistani traders should confirm local banking rules and foreign exchange compliance before funding.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms, and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Options | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. FXTM
FXTM accepts Pakistani traders through its international entities regulated by reputable authorities such as 🇬🇧 FCA, 🇲🇺 FSC, 🇿🇦 FSCA, 🇰🇪 CMA, and 🇦🇪 SCA. While not licensed by the Securities and Exchange Commission of Pakistan (SECP), FXTM offers services including Islamic accounts and local payment options, making it a practical choice for Pakistani traders.
| Feature | Why It Matters for Pakistani Traders |
| Multiple global regulatory licenses | Provides a level of security and trust for traders despite the absence of local regulation |
| Islamic (swap-free) account options | Aligns with the religious requirements of many Pakistani traders |
| Local payment options available | Facilitates easier deposits and withdrawals for Pakistani clients |
| Educational resources and market analysis | Supports traders in making informed decisions and improving their trading skills |
 | Minimum Deposit: $200 Regulated by: FCA, CMA, FSC, SCA Crypto: Yes |
Frequently Asked Questions
Is FXTM regulated in Pakistan?
No. FXTM is not regulated by the Securities and Exchange Commission of Pakistan (SECP). However, it operates under licenses from global regulators like 🇬🇧 FCA, 🇲🇺 FSC, 🇿🇦 FSCA, 🇰🇪 CMA, and 🇦🇪 SCA, which provide oversight and investor protection.
Can Pakistani residents open an account with FXTM?
Yes. Pakistani residents can open live and demo accounts with FXTM. The broker supports various deposit and withdrawal methods, including local options, and offers services such as Islamic (swap-free) accounts to cater to the needs of Pakistani traders.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Regulated by reputable global authorities | Not regulated by the SECP |
| Offers Islamic (swap-free) accounts | Limited local customer support |
| Provides local payment options | Potential delays in withdrawals due to intermediary processes |
| Strong educational resources and market analysis | Some account types may have higher minimum deposit requirements |
| User-friendly trading platforms | Limited physical presence in Pakistan |
Our Insights
FXTM is accessible to Pakistani traders through its international regulatory licenses. While it lacks local regulation by the SECP, its licenses from reputable global authorities and services tailored to Pakistani traders make it a viable option. Traders should ensure compliance with local regulations and consider the broker’s offerings before proceeding.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐⭐ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex Brokers in Pakistan – Head to Head
| Regulated by multiple top-tier authorities. Provides local deposit and withdrawal options. | |  |
 | Competitive raw spreads starting from 0.0 pips. Accepts Pakistani clients with flexible funding methods. | | |
| Offers Islamic swap-free accounts for Muslim traders. Known for ultra-fast execution. | | |
 | Extremely low trading costs with spreads from 0.0 pips. Provides swap-free Islamic accounts. | | |
 | Offers fast execution speeds and competitive spreads. Low minimum deposit. | | |
Forex Trading in Pakistan – A Quick Overview
Forex trading in Pakistan has gained strong popularity as more investors look for opportunities in global markets. Although the State Bank of Pakistan (SBP) does not regulate online Forex brokers directly, many international brokers legally accept Pakistani traders.
These brokers often provide localized deposit options, user-friendly platforms, and Islamic swap-free accounts to meet trader needs. With mobile access and educational resources, even beginners can start trading with relatively low capital.
However, traders should always choose a broker that is properly regulated in major jurisdictions and offers transparent conditions.
Pros and Cons of Forex Trading in Pakistan
| ✓ Pros | ✕ Cons |
| Accessible through international brokers | Not directly regulated by SBP |
| Low minimum deposits available | Risk of choosing unregulated brokers |
| Swap-free Islamic accounts offered | High leverage can increase losses |
| Wide range of trading instruments | Market volatility can be overwhelming |
| Local payment methods supported | Limited local customer support |
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In Conclusion
Forex trading in Pakistan is accessible and growing rapidly, offering a chance for both beginners and experienced traders to diversify and trade global currencies. Yet, choosing a trustworthy, regulated broker remains the most important step to ensure safety and long-term success.
Faq
Yes, Forex trading is legal as long as it is done through internationally regulated brokers that accept Pakistani clients.
Some brokers allow accounts with as little as $5 to $10, making it easy for beginners to start small.
Yes, most leading brokers provide swap-free Islamic accounts that comply with Shariah principles.
Traders can use local bank transfers, credit cards, and e-wallets like Skrill or Neteller for funding and withdrawals.
Brokers like XM, FXTM, and FP Markets are often preferred for their low minimum deposits, user-friendly platforms, and strong educational resources.
