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HomeForexCountries
Pakistan
Regulated

Best Forex Brokers in Pakistan

Last updated May 3, 2026

South & Central Asia • 23 brokers available

23
Brokers
Key Regulator
SECP
Lowest Min. Deposit
$0
Active Regulators
22 regulators

Pakistan's SECP (Securities and Exchange Commission of Pakistan) oversees capital markets, while the State Bank of Pakistan manages foreign exchange policy. Retail forex trading on international pairs is conducted primarily through globally licensed offshore brokers, as domestic FX broker licensing is limited. Pakistan has a growing retail trading community, particularly among younger, urban investors.

Top Pakistan Forex Brokers

23 brokers

IC Markets

ASIC, CySEC
4.7/ 5

True ECN routing with raw 0.0 pip spreads on majors plus commission, deep liquidity, and the cleanest MT4 / MT5 / cTrader stack we test.

Min. deposit: $200

Spreads from 0 pips

Commission: $7/lot

Up to 500:1

Read Review

Pepperstone

FCA, ASIC
4.7/ 5

Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $7/lot

Up to 500:1

Read Review

AvaTrade

ASIC, FSCA
4.4/ 5

Heavily regulated across 6+ jurisdictions with a unique AvaOptions platform for vanilla options trading and strong educational content.

Min. deposit: $100

Spreads from 0.9 pips

Up to 400:1

Read Review

Exness

FCA, CySEC
4.4/ 5

Exceptional value for developing-market traders - instant withdrawals, $1 minimum deposit, and ultra-competitive raw spread pricing.

Min. deposit: $1

Spreads from 0.3 pips

Commission: $3.5/lot

Up to 2000:1

Read Review

XM

CySEC, ASIC
4.3/ 5

Low minimum deposit, broad bonus program, and strong educational content. CySEC- and ASIC-regulated.

Min. deposit: $5

Spreads from 0.6 pips

Up to 1000:1

Read Review

Tickmill

FCA, CySEC
4.3/ 5

Among the lowest commissions available at $6 round-turn on Pro accounts, with strong FCA, CySEC, and FSCA regulation and transparent execution.

Min. deposit: $100

Spreads from 0 pips

Commission: $6/lot

Up to 1000:1

Read Review

ThinkMarkets

FCA, ASIC
4.2/ 5

No minimum deposit on standard account, a highly rated ThinkTrader mobile app, and JFSA regulation for Japanese clients.

Min. deposit: No minimum

Spreads from 0.4 pips

Commission: $7/lot

Up to 500:1

Read Review

FXTM

CySEC, FCA
4.2/ 5

CySEC and FCA-regulated broker with broad emerging-market reach, strong copy trading via MyFXBook integration, and a low $10 minimum deposit that makes it accessible to first-time traders.

Min. deposit: $10

Spreads from 1.5 pips

Up to 1000:1

Read Review

Vantage

ASIC, FCA
4.2/ 5

Low minimum deposit, raw ECN pricing, copy trading, and ASIC/FCA regulation make Vantage a strong all-around option for retail traders.

Min. deposit: $50

Spreads from 0 pips

Commission: $6/lot

Up to 2000:1

Read Review

Fusion Markets

ASIC, VFSC
4.2/ 5

One of the lowest-cost ECN brokers globally at $4.50/lot, no minimum deposit, and three platform options - strong value for cost-conscious traders.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $4.5/lot

Up to 500:1

Read Review

HFM

FCA, CySEC
4.1/ 5

No minimum deposit required, high leverage on offshore entity, and copy trading via HFcopy - with FCA, CySEC, and FSCA regulation.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $6/lot

Up to 2000:1

Read Review

FXCM

FCA, ASIC
4.1/ 5

Veteran FCA-regulated broker with strong API support, MT4, and the proprietary Trading Station platform.

Min. deposit: $50

Spreads from 0.4 pips

Up to 400:1

Read Review

Moneta Markets

ASIC, FSCA
4.1/ 5

Multi-regulated broker with ASIC, FSCA, and FSA Seychelles licences, offering competitive raw ECN conditions and a proprietary platform alongside MT4 and MT5 - growing presence in Africa and Asian markets.

Min. deposit: $50

Spreads from 0 pips

Commission: $6/lot

Up to 1000:1

Read Review

BlackBull Markets

FSC, FMA
4.1/ 5

New Zealand-regulated ECN broker with all three major platforms, no minimum deposit on standard accounts, and good Asia-Pacific coverage.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $6/lot

Up to 500:1

Read Review

Deriv

MFSA, VFSC
4.1/ 5

Veteran retail broker with MFSA, VFSC, FSC BVI, and LFSA licensing, best known for synthetic indices - volatility-simulated instruments that trade around the clock - alongside a standard forex and CFD offering.

Min. deposit: $5

Spreads from 0.5 pips

Up to 1000:1

Read Review

Axi

ASIC, FCA
4.1/ 5

No minimum deposit, strong ASIC regulation, excellent MT4 infrastructure for EA traders, DXtrade for a modern web experience, and competitive Pro account pricing.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $7/lot

Up to 500:1

Read Review

GO Markets

ASIC, CySEC
4.0/ 5

True ECN pricing, three platform options, and ASIC regulation - a solid choice for Australian traders though with a higher minimum deposit than peers.

Min. deposit: $200

Spreads from 0 pips

Commission: $5/lot

Up to 500:1

Read Review

RoboForex

IFSC, CySEC
4.0/ 5

IFSC Belize-regulated broker with a genuine ECN/STP execution model, multiple platform options including cTrader, and a broad 12,000+ instrument range that goes beyond most forex-focused competitors.

Min. deposit: $10

Spreads from 0 pips

Commission: $20/lot

Up to 2000:1

Read Review

OctaFX

CySEC, SVGFSA
4.0/ 5

CySEC-regulated broker (EU entity) with a dominant presence in South Asia through OctaTrader copy trading - a purpose-built social trading interface popular with first-time traders across India, Pakistan, and Indonesia.

Min. deposit: $25

Spreads from 0.6 pips

Up to 500:1

Read Review

Alpari International

FSC, FSCA
3.9/ 5

Historic retail forex brand regulated by FSC Mauritius, offering MT4 and MT5 with ECN and Standard accounts, widely recognised in the CIS and emerging markets but operating under an offshore licence since the Alpari UK collapse.

Min. deposit: $5

Spreads from 0 pips

Commission: $6/lot

Up to 1000:1

Read Review

FBS

CySEC, IFSC
3.9/ 5

Offshore broker with CySEC and IFSC licensing, dominant in Southeast Asia and MENA through heavy localised marketing and generous bonuses - best evaluated on regulatory strength rather than promotion value.

Min. deposit: $1

Spreads from 0 pips

Commission: $20/lot

Up to 3000:1

Read Review

AMarkets

SVGFSA
3.8/ 5

SVG FSA-regulated broker with genuine ECN conditions on MT4, MT5, and cTrader, a well-regarded PAMM system, and an established following in Russia, Ukraine, and Central Asia.

Min. deposit: $100

Spreads from 0 pips

Commission: $6/lot

Up to 3000:1

Read Review

InstaForex

FSC BVI, CySEC
3.6/ 5

FSC BVI-regulated broker with over 17 years of operation, known for cent accounts and accessible entry conditions for beginner traders in Asia and the CIS - regulatory depth is limited under the offshore BVI framework.

Min. deposit: $1

Spreads from 1 pips

Up to 1000:1

Read Review

Other South & Central Asia Countries

Armenia
Armenia
8 brokers
Azerbaijan
Azerbaijan
7 brokers
Bangladesh
Bangladesh
17 brokers
Georgia
Georgia
8 brokers

Frequently Asked Questions

Forex trading is regulated in Pakistan. The country currently has 23 brokers operating under its regulatory framework. Always verify a broker's licence with the SECP before depositing funds.

Look for brokers regulated by the SECP or a Tier 1 regulator such as the FCA or ASIC. Compare spreads, leverage caps, available instruments, and customer support in your language. Our list above is sorted by overall rating to help you shortlist quickly.

Regulated brokers under the SECP are required to segregate client funds from company funds and participate in investor compensation schemes where applicable. Always check the broker's regulatory status and read the terms before depositing.

Leverage limits vary by jurisdiction. Under SECP rules, traders in Pakistan may be subject to local leverage restrictions, for example capped at 1:30 for major pairs. Check the specific broker's terms for the leverage available to residents of Pakistan.

Yes. Most brokers available in Pakistan offer iOS and Android apps compatible with platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Look for brokers that list "Mobile Trading" as a key feature.

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