5 Best Forex Brokers in Pakistan for 2026
As a trader from Pakistan, I know that finding a reliable broker is not an easy task. There are many restrictions, like a lack of local payments and assets that are compliant with Shariah (Muslim law). Many global brokers and platforms prohibit access to Pakistani residents due to unstable economic conditions. Even with all these restrictions, many Pakistanis are interested in trading forex and CFDs.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
- The authority on broker reviews since 2011 — traders have relied on our independent broker testing for over a decade.
- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
- Every broker takes the same test — one published scoring system: 9 weighted categories, 250+ variables, measured hands-on by our analysts.
- Every fact is checked twice — a dedicated editor re-verifies each data point, from licenses to spreads, before publication.
Reviewing brokers since 2011, we at FXEmpire have built a comprehensive rating system to evaluate brokers that goes into great depth and covers over 250 parameters and features of a broker. To choose the top brokers for Pakistani traders, I made sure they are available in my country and provide localized services.
I also tested the full trading experience myself: opened the live accounts, placed trades, and assessed trading conditions (spreads, commissions, slippage, regulations, etc.). One thing I put a good weight on was the range of tradable instruments and payment methods to see whether deposits and withdrawals in Pakistani Rupees (PKR) are supported.
List of Top Brokers in Pakistan
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
Exness | 4.6 | 4.6 | $10 | 1:1000 (BVI FSC) 1:2000 (FSCA) · 1:2000 (CMA) · 1:30 (FCA) · 1:2000 (CySEC) · 1:2000 (CBCS) · 1:500 (FSA) | MT5, MT4, Exness Terminal | General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs. |
PrimeXBT | 4.3 | 3.8 | $0 | 1:1000 (BCR) 1:2000 (FSA) · 1:2000 (FSCM) · 1:400 (FSCA) | MT5, PrimeXBT Mobile App, PXTrader 2.0 | Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. |
IC | 4.8 | 5.0 | $0 | 1:30 (ASIC) 1:30 (CySEC) · 1:5000 (FSA) · 1:400 (CMA) · 1:200 (SCB) | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
How Did FXEmpire Select the Best Brokers in Pakistan?
- I evaluated each broker’s regulations and licenses to make sure they provide strong protection for traders.
- I verified that each broker accepts Pakistani residents.
- I checked the availability of an Islamic trading account.
- I tested each broker’s trading platform and assessed its usability and ease of access, as well as whether it’s available in Urdu.
- I investigated whether the broker has localized resources such as a website and customer support in Urdu.
- I explored the different payment methods to identify if the broker allows deposits and withdrawals in Pakistani Rupees (PKR).
- I checked if the brokers offer localized website and cutomer support in Urdu.
- I opened trading accounts with brokers to record live spreads and compare to our industry average.
Best Overall
- $10Min Deposit
- 293Tradable Instruments
- LowFees
Why We Picked It
I think Exness is really the best overall broker from every perspective and stands out as one of the top and well-established brokers. It has been around since 2008 and is based in Cyprus. It has multiple regulations (FCA (UK), CySEC, CBCS (Curacao), and FSA (Seychelles). It also provides great flexibility to trade around 300 instruments using MT4 and MT5. Exness runs its own proprietary platform, the Exness Terminal, which is where it really differentiates itself.
Regional Features:
- Entity for Pakistani Residents: Exness (SC) Ltd (regulated by the FSA Seychelles).
- Maximum Leverage: 1:2000
- Islamic Account: Yes.
- Deposit & Withdrawal: Local bank transfer, credit/debit card, crypto, e-wallets.
I love how impressive the Exness platform is; it comes with an intuitive interface that enables one-click trading, customizable watchlists, and charts from TradingView. It is available on the web and mobile. The sentiment indicator on the trading ticket helps understand how many Exness clients are long or short on the market. This can be useful to help identify overbought and oversold conditions.
My live test showed an average EUR/USD spread of 0.9 (slightly better than the industry spread of 1.08) pips during London and New York sessions. Exness also provides research content, Trading Central, daily commentary, and signals.
Pros and Cons
- 120+ forex pairs
- Feature-rich Exness Terninal platform
- Leverage up to 1:2000
- Trading Central market research
- High spread on DAX 40
Best for Beginners
- $0Min Deposit
- 371Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2018, PrimeXBT is a global multi-asset broker offering over 350 instruments across Forex, commodities, indices, and share CFDs. It caters to different experience levels and trading styles through its proprietary PXTrader 2.0 platform and MetaTrader 5, with flexible account options, competitive spreads, and Swap-Free trading.
Regional Features:
- Entity for Pakistani Residents: PrimeXBT Trading Services Ltd, unregulated.
- Maximum Leverage: 1:2000
- Swap-Free Account: Yes
- Deposit & Withdrawals: Local bank transfer, credit/debit cards, and other local payment methods
What I particularly like about PrimeXBT is the flexibility of its platform and the selection of five account types. I performed my testing on a PXTrader 2.0 account, which features floating spreads from 0.2 pips with zero commissions. I discovered that PrimeXBT’s forex spreads are average for the industry, while its spreads on commodities and indices exceeded the benchmark in my test.
There is no minimum deposit requirement with PrimeXBT, while Swap-Free and Extended Swap-Free options are available on both PXTrader 2.0 and MT5. Metal traders can benefit from 24/7 gold trading, including weekends.
PrimeXBT also has a wide selection of educational materials, which includes several hundred articles, videos, and tutorials you can learn from. The broker’s Rewards Center adds further value for active traders. Rewards can be redeemed for up to 10% cashback, a Trading Bonus, or 30-day VIP status with lower trading costs.
Pros and Cons
- Comprehensive educational content
- No deposit requirement
- Intuitive PXTrader 2.0 platform
- Copy trading solutions
- Mixed spreads on popular instruments
Best Low Spreads
- $0Min Deposit
- 7342Tradable Instruments
- LowFees
Why We Picked It
Founded in 2007, IC Markets is considered the go-to forex broker for low spreads and fast execution. Regulated by CySEC, ASIC, FSA, CMA, and SCB, IC Markets offers ECN pricing and trade execution with NY4 data servers. It also provides ultra-low spreads, fast execution, and a zero requote policy.
Regional Features:
- Entity for Pakistani Residents: Raw Trading Ltd, regulated by the FSA Seychelles
- Maximum Leverage: 1:500
- Islamic Account: Yes
- Deposit & Withdrawal: Local bank transfer, credit/debit card, crypto, e-wallets
My live fee test showed that the spread for EUR/USD during the London and New York trading sessions averaged 0.65 pips, beating the 1.08 pips industry average for a commission-free account. You can access even lower spreads with the IC Markets Raw Spread trading account, which has a commission of USD 3.50 per lot per side, which is in line with the industry average.
Over 2,250 tradable instruments are available from the MT4, MT5, cTrader, and TradingView platforms. The cTrader platform works well with IC Markets’ offering as it is specifically designed for high-volume, short-term traders. With IC Markets’ low spreads and ultra-fast execution, it is ideal for short-term traders. The broker also has a zero requote policy and no minimum order distance restriction. This means you can place market orders very close to the market price.
Pros and Cons
- Raw ECN trading accounts
- Low spreads on all popular instrument on Standard account
- Copy trading via IC Social and ZuluTrade
- Zero requote policy
- cTrader and TradingView are not available on some accounts
Best for Professional Traders
- $100Min Deposit
- 850Tradable Instruments
- MediumFees
Why We Picked It
I think FP Markets is really the best broker for professional traders. It was founded in 2005 and is based in Sydney, Australia. FP Markets operates worldwide, including Pakistan. The broker offers ECN pricing and very low spreads and provides great flexibility to trade over 10,000. tradable instruments. The platform range includes (MT4, MT5, cTrader, TradingView, Iress, and Mottai).
Regional Features:
- Entity for Pakistani Residents: FP Markets LLC, unregulated
- Maximum Leverage: 1:500
- Islamic Account: Yes
- Deposit & Withdrawal: Local bank transfer, credit/debit card, crypto, e-wallets
What I really liked about FP Markets and ranked them as best for professional traders, is that it offers an excellent selection of instruments and trading platforms. I personally think TradingView suits beginners (easy to use) and features a large social trading community that shares trade ideas that are really helpful in the start.
As we know, MT4 and MT5 platforms are more suitable for experienced and advanced traders who are focused on technical analysis and algorithmic trading using Expert Advisors (EAs). It also offers cTrader, which is ideal for high-frequency, short-term traders (like scalpers). I personally prefer TradingView for its range of useful features and tools.
To get a real experience of the platform, we performed a live fee test on the Standard Account. I found that the spread for EUR/USD during the most active trading times in the London and New York sessions averaged 1.1 pips, slightly above the industry average of 1.08 pips for a commission-free account. Traders can access lower spreads starting from 0.0 pips on the Raw Account, which charges a commission of 3 USD per lot per side – this is better than the industry average of 3.50 USD.
Pros and Cons
- Multiple advnced trading platforms
- Competitive spreads on forex, stock CFDs, and gold
- Autochartist research and webinars
- No fees for deposits and withdrawals
- No VPS and FIX APIs
Best Trading App
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
If you are looking for the best suite of trading apps, Ava Trade is surely the best choice. Founded in 2006 and based in Dublin, AvaTrade operates in more than 150 countries and is regulated by multiple regulators, including FSCA , CBI, BVI FSC, ASIC, ADGM, JFSA, ISA, and CySEC. The broker offers an excellent range of trading platforms and apps, including MT4, MT5, AvaWebTrader, AvaTradeGO, AvaSocial, and AvaOptions.
Regional Features:
- Entity for Pakistani Residents: Ava Trade Markets Ltd, regulated by the B.V.I. Financial Services Commission
- Maximum Leverage: 1:200
- Islamic Account: Yes
- Deposit & Withdrawal: Local bank transfer, credit/debit card, crypto, e-wallets
AvaTrade provides three flexible proprietary trading apps. AvaTradeGO offers clean charting, access to multiple markets, and sentiment indicators. AvaSocial, created in partnership with Pelican Trading, offers copy trading solutions. AvaOptions allows trading of options contracts on forex pairs – a product I enjoy using. No stop-loss is required when trading options, so this can be advantageous in volatile markets.
My live fee test revealed that the spread for EUR/USD during the most active trading times in the London and New York sessions averaged 0.8 pips, which is better than the industry average of 1.08 pips for a commission-free trading account.
Pros and Cons
- AvaProtect tool for risk management
- 1,250+ tradable instruments
- Dedicated mobile apps for options trading and copy trading
- Extensive AvaTrade Academy
- Entity for Pakistani traders does not offer negative balance protection or an investor compensation scheme
All the Brokers We Tested
Update history
Related Guides
About the Authors
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Leveraging years of hands-on experience, Soban provides in-depth reviews of proprietary trading firms, carefully evaluating their models, rules, and impact on traders.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.