Best Forex Brokers in Pakistan


The best forex brokers in Pakistan are Swissquote, Saxo Bank, Interactive Brokers, XM, XTB, and Pepperstone. Experienced Pakistani traders prefer the professional banking services at Swissquote. Beginner traders prefer the straightforward and safe trading platform at XTB. 

Each Pakistani forex broker has its strengths and weaknesses. This article discusses the best forex brokers in Pakistan. 

The Top 6 Forex Brokers for Pakistan:

We use a Trust Score Ranking system in our reviews. The brokerage firms mentioned below have the best offer for Pakistani traders: 

  • Swissquote  has the best banking services in Pakistan.
  • Saxo Bank offers the best VIP experience.
  • Interactive Brokers has the best services for professional Pakistani traders. 
  • XM is the best forex trading broker in Pakistan.
  • XTB offers an excellent trading platform for all levels of experience.
  • Pepperstone offers the lowest trading fees.

Best Forex Brokers in Pakistan

#1SwissquoteBest banking services4.8/5Best banking servicesOfficial website
#2Saxo BankBest VIP client experience4.8/5Low feesOfficial website
#3Interactive BrokersBest overall offer4.6/5Best for professionalsOfficial website
#4XMBest for forex trading4.4/5Forex tradingOfficial website
#5XTBBest trading platform4.4/5Best trading platformOfficial website
#6PepperstoneBest for copy trading4.3/5Best for copy tradingOfficial website

 TOP 6 Forex Brokers in Overview:

01. Swissquote: Best Banking Services 

Swissquote is the best beginner-friendly online broker for forex and CFD trading. It is reliable and well-regulated by top-tier authorities. The asset variety at Swissquote includes stocks, features, funds, and options.

Our review reveals that Swissquote has an excellent platform. It offers fast deposit and withdrawal, along with excellent research tools.

02. Saxo Bank: Best VIP Experience In Pakistan 


Founded in 1992, Saxo Bank is a low risk, well-regulated bank by the FCA (UK), FINMA (Switzerland), ASIC, FSC (Australia), and JFSA (Japan). They are an excellent forex and CFD broker known for their intuitive SaxoTraderGO platform, competitive pricing, and more than 40,000 trading instruments. The overall user experience is great. The opening deposit is USD 10,000 ( GBP 500 for the UK, SGD 500 for Singapore). 

Saxo Bank provides a unique platform and competitive pricing. They combine high-quality in-house research with top-tier third-party providers to offer an outstanding research experience. Their customer service is outstanding. UAE citizens are offered the ability to trade in compliance with Sharia law using an Islamic account. Support is available in the Arabic language by email or directly in the local offices.

03. Interactive Brokers: Best Services For Experienced Traders 


Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero commission trades, great variety of trading tools and leading pricing for professionals. We recommend it to casual investors and advanced traders.

Interactive Brokers offers access to 135 global markets in 33 countries. Its portfolio is vast and has 68 distinct order types including: Stocks, Options, Futures, Bonds. All these assets are available in 31 currencies. Professional traders enjoy the industry-leading low fees and low margin rates. It has premium trading platforms for Day, Mobile, Options, and Futures traders.  Both casual and beginner traders can use this broker’s platform. It is straightforward and has diverse research and education tools.  

04. XM: Best Forex Trading Services In Pakistan

xm-forex-logo is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.

Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC, ASIC, IFSC and is considered a safe broker for trading forex and CFDs.

05. XTB: Best Forex Trading Platform

XTB is a forex and CFD trader with a long track record on the market. It is highly regulated by the leading financial regulators, including the FCA and Cyprus’s CySec. XTB is listed on the Warsaw stock exchange.

This online broker has impressive research tools. Withdrawing and depositing funds with XTB is transparent and fast.

06. Pepperstone: Lowest Trading Fees In Pakistan


Based in Melbourne, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced. 

Pepperstone offers MetaTrader and cTrader with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead, use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools.

Final Verdict  

Swissquote, Saxo Bank, Interactive Brokers, XM, XTB, and Pepperstone are the best forex brokers in Pakistan. Traders that need banking services will prefer Swissquote. Experienced traders looking for a VIP experience and low fees will enjoy Saxo bank. Each broker's premium forex trading tools offer an excellent trading experience to Pakistani traders. 

Frequently Asked Questions   

We test each broker with real accounts and money. Our findings depend on 105 criteria, like trading platforms and account safety. 

How We Identify A Reliable Forex Broker?  

Safety and security are central aspects of our research. Forex trading is legal in Pakistan, but governmental protections are limited. Choosing a forex broker with top-tier licenses will reduce your trading risk. We select the best Pakistani forex brokers by analyzing several categories. Accounts, fees, and customer support are some of the leading aspects we discuss.

Safety Risks For Pakistani Citizens  

Pakistan allows online forex trading, but it remains unregulated. That increases the risk of a forex broker closing down and taking your money. Always choose a reliable forex broker. A trustworthy Pakistani broker has top-tier licenses. The best forex trading licenses are CySEC, FCA, and ASIC.

What Is The Financial Regulatory Authority In Pakistan?  

The financial regulatory authority in Pakistan is The Securities & Exchange Commission of Pakistan (SECP). SECP oversees the Pakistani market and online trading activities. Pakistani brokers don't need an SECP authorization, but having one increases a broker's trustworthiness.

How We Chose The Top International Forex Brokers For Pakistani Residents?   

We select the leading forex brokers in Pakistan after in-depth research. We use 105 criteria like: 
Costs: A reliable Pakistani broker has transparent practices. Some Pakistani forex brokers have higher fees than others. Check our in-depth reviews to discover the “all-in costs” of each broker. 
Account:  Forex brokers have different account types. Many Pakistani brokerage firms offer a single account type. Others have multiple account tiers with a variety of account types. Learn about account types in our in-depth reviews. 
Withdrawal and deposit: Withdrawing and depositing funds should be fast and simple. Some Pakistani brokers have a minimum deposit fee. Others won’t charge a commission for creating an account. Verify our in-depth reviews to discover which broker has the best withdrawing and depositing process. 
Market and products: Markets and products vary from broker to broker. Check our in-depth reviews to learn about Pakistani brokers and assets. 
Trading platforms: A premium trading experience starts with the online platform. Select a Pakistani forex broker with a straightforward platform. The Pakistani brokers mentioned in this review have excellent platforms but might be difficult for beginner traders to learn. Read our reviews to discover which platform is best for your trading experience. 

Learn more about forex

How to start trading forex as a beginner


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a brokers platform.

The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer: By trading with securities you are taking a high degree of risk. You can loose all of your investment money. You should start trading only if you are aware of this risk. Business24-7 is not providing any investment advice, we only help you find the best broker based on your needs and preferences. Business24-7 is free for everyone, but earns commission from some of the brokers. We get commission with no additional cost for you.

If you liked this article then also read:

Previous articleBest Brokers for Forex Trading 2022
Next articleBest Forex Brokers In Afghanistan
Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.


Please enter your comment!
Please enter your name here