Best Forex Brokers in Pakistan 2026
Pakistan's forex market is growing, with the Securities and Exchange Commission of Pakistan (SECP) overseeing financial markets. While the State Bank of Pakistan (SBP) controls foreign exchange, retail forex trading through international brokers is increasingly popular.
Regulators
SECP
Max Leverage
Varies by broker
Brokers Reviewed
5
Is Forex Trading Legal in Pakistan?
Forex trading is legal but the regulatory framework for retail forex is still developing. The SECP oversees securities markets, while the SBP regulates foreign exchange flows.
Pakistan's forex community is expanding rapidly, driven by online access and international broker availability. Local payment methods and PKR accounts are becoming more common.
Top 5 Brokers for Pakistan Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  Saxo Bank Overall 9.0/10 |  IC Markets Overall 8.8/10 |  CMC Markets Overall 8.8/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 9.0/10 | 8.8/10 | 8.8/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.4 pips | 0.0 pips | 0.7 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $2000 | $200 | $0 ✓ |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | SaxoTraderGO, SaxoTraderPRO | MT4, MT5, cTrader | Next Generation, MT4 |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | FCA, DFSA, MAS | ASIC, CySEC, FSA | FCA, ASIC, BaFin |
| Markets | 17,000+ | 1,000,000+ ✓ | 72,000+ | 2,200+ | 10,000+ |
IG
Est. 1974 · London, UK
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Est. 1978 · Greenwich, USA
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
Saxo Bank
Est. 1992 · Copenhagen, Denmark
Min Deposit
$2000
Spreads From
0.4 pips
Leverage
1:200
Instruments
72,000
IC Markets
Est. 2007 · Sydney, Australia
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
CMC Markets
Est. 1989 · London, UK
Min Deposit
$0
Spreads From
0.7 pips
Leverage
1:500
Instruments
10,000
Tips for Pakistan Traders
Use internationally regulated brokers with FCA, CySEC, or ASIC licences
Verify any claimed SECP registration directly
Be cautious of unregulated platforms targeting Pakistani traders
Check if brokers support local PKR deposit and withdrawal methods
Frequently Asked Questions
Is forex trading legal in Pakistan?
Yes, forex trading is legal. The SECP regulates securities markets, though specific retail forex regulation is still evolving.
Which brokers are best for Pakistani traders?
Prioritize internationally regulated brokers with FCA, ASIC, or CySEC licences for strongest protection.
Can I deposit in PKR?
Some international brokers support PKR deposits through local bank transfers. Check individual broker payment options.
Read the full reviews for the brokers available in Pakistan
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Saxo Bank review
Saxo Bank is a premium licensed bank offering 72,000+ instruments, award-winning proprietary platforms, and top-tier FCA/DFSA/MAS regulation.
IC Markets review
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
CMC Markets review
CMC Markets is a 35-year veteran offering 10,000+ instruments through its award-winning Next Generation platform with FCA/ASIC/BaFin regulation.