Best Forex Brokers In Pakistan

Following our in-depth review and ranking process, here are the best forex brokers in Pakistan;

Best Forex Brokers in Pakistan

  1. IG
  2. Exness
  3. IC Markets
  4. FBS
  5. XM

1. IG

IG

IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.

IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.

IG Overview

BrokerIG
Regulation CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International)
Forex Pairs81
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Minimum Deposit$300 (or currency equivalent)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:200
Account CurrenciesUSD, GBP, AUD, EUR, SGD, HKD.
Payment MethodsBank Wire Transfer, Credit/Debit Cards, Paypal

Pros

  • Strong regulatory framework.
  • Listed on the stock exchange.
  • 45+ years of industry experience.
  • 313,000+ clients worldwide.
  • Deep liquidity.
  • Negative balance protection.
  • Volume-based rebates.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Competitive spreads from 0.6 pips on major currency pairs.
  • Fast and secure payment methods.
  • No minimum deposit for bank transfer.
  • Excellent eductional offering for beginner, intermediate and advanced traders.
  • Outstanding research offering.
  • Great customer support service.

Cons

  • Inactivity fee charged (after 2 years of inactivity).
  • No support for copy trading and social trading.
  • High financing rate.
  • Limited product portfolio in some countries.
  • No support for social trading and copy trading.

2. Exness

Exness

Exness is a global, award-winning retail forex & CFD provider established in 2008, by Nymstar Limited; a global brand popularly known for its partnership with Real Madrid. It offers a variety of global markets including forex, indices, metals, cryptocurrencies, energies and stocks, with over 200+ instruments to trade.

Exness offers a highly reliable and outstanding brokerage service suitable for both beginner and professional retail traders. It provides traders with different account options, coupled with great trading conditions and technologies, which creates room for a tailored trading experience, as well as support for all trading styles and strategies. Other great trading services clients can enjoy include deep, liquidity, industry-standard trading platforms, low forex trading cost, ultra-low forex spreads from 0.0 pips, multiple fast & secure payment methods and a multi-lingual customer support team, available 24/7.

Exness Overview

BrokerExness
Regulation FCA (United Kingdom), CySEC (Cyprus), FSA (Seychelles), CBCS, FSC(BVI), FSCA (South Africa)
Forex Pairs107
Trading PlatformsMetatrader 4, Metatrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:Infinity
Account CurrenciesAUD, USD, GBP, EUR, SGD, CAD
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, PerfectMoney, Bitcoin, Tether

Pros

  • Strong regulatory framework.
  • Deep liquidity.
  • Negative balance protection
  • Hassle-free account opening process.
  • Multiple industry standard trading platforms available in web, mobile and desktop versions.
  • Over 100+ currency pairs, including major, minor and exotic currency pairs.
  • Multiple tailored account types.
  • Low forex trading cost.
  • Offers the highest forex leverage in the industry.
  • Consistent ultra-low spreads from 0.0 pips.
  • Multiple fast and secure deposit and withdrawal methods.
  • Transparent fee structure with no hidden charges.
  • No deposit and withdrawal fee.
  • Friendly and multi-lingual customer suport team, available 24/7.

Cons

  • Limited instrument offering compared to other competitors.

3. IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

\IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

IC Markets Overview

BrokerIC Markets
Regulation ASIC (Austalia), FSA (Seychelles), CYSEC (Cyprus)
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.

4. FBS

FBS

FBS is a highly reputable global online broker established and operated by FBS Markets Inc.; a globally recognized brand with over 22 million clients across 190+ countries worldwide. FBS offers CFD trading across a variety of asset classes including forex, metals, stocks, energies, indices and cryptocurrencies, with over 150+ instruments to trade.

FBS offers an exceptional brokerage service suitable for both newbie and professional retail clients. It offers various unique account types which clients can choose from to enjoy a tailored trading experience. Also, traders can enjoy many great trading conditions and services including deep liquidity, ultra-fast order execution, flexible & high leverage (from 1:1 to 1:3000), ultra-low spreads from 0.0 pips, industry-standard trading platforms, multiple fast & secure payment methods, dedicated customer support available 24/7 and much more.

FBS Overview

BrokerFBS
Regulation IFSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa)
Forex Pairs50+
Trading PlatformsFBS Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:3000
Account CurrenciesUSD, EUR
Payment MethodsBank Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, OkPay, FasaPay, Local Deposits, SticPay

Pros

  • Strong regulatory framework.
  • Newbie friendly.
  • Over 12 years of industry experience.
  • Partner with top brands such as Leicester City FC and FC Barcelona.
  • Supports all trading strategies allowed.
  • Demo account with unlimited usage duration.
  • Negative balance protectiion.
  • Deep liquidity.
  • Low latency and fast order execution.
  • 50+ Currency pairs including major, minor and exotic currency pairs.
  • Low minimum deposit, starting from $1.
  • Flexible and high leverage from 1:1 to 1:3000.
  • Ultra-low spreads from 0.0 pips.
  • Great bonuses and contests for traders.
  • Tailored account types with great trading conditions and tools.
  • Fast and secure deposit and wthdrawal methods.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Quality educational offering, including, e-courses, webinars and video tutorials.
  • Offers social/ copy trading through its proprietary copy trading platform (FBS CopyTrade).
  • Friendly customer support service, available 24/7 in over 18 languages.

Cons

  • Limited Product offering.
  • Limited account base currencies.
  • Limited amount of instrments compared to competitors.

5. XM

XM

Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.

XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.

XM Overview

BrokerXM
Regulation CySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden).
Forex Pairs55 Currency Pairs.
Trading PlatformsMetaTrader 4, MetaTrader 5
Minimum Deposit$5
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:888
Account CurrenciesUSD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR
Payment MethodsWire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI

Pros

  • Strong regulatory framework.
  • Easy account registration process.
  • Supports over 30 languages.
  • Beginner friendly.
  • Deep liquidity.
  • Fast order execution
  • Multiple tailored account types.
  • Offers swap-free account.
  • Ultra low spreads from 0.0 pips on the Zero account.
  • Low minimum deposit.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Supports all trading strategies.
  • Support over 11 account base currencies.
  • Multiple fast and secure deposit and withdrawal methods..
  • Quality education & research offering.
  • Great customer support service.

Cons

  • No proprietary trading platform.

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