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Ranking

Which forex broker to use in Pakistan, and on what evidence

8 forex brokers compared on published criteria. Every value in the table comes from a source we name, and platforms we could not verify are listed separately instead of being given a place.

How they scored

1 Pepperstone 2 FBS 3 AvaTrade 4 XM 5 Exness 6 HFM 7 FXTM 8 OctaFX

1

Pepperstone

3.9/5

Yes, no local regulator warning found Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.1 pips
Local deposit and withdrawal methods
5 (Visa, Mastercard, Skrill, Neteller, international bank transfer)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
5 (MT4, MT5, cTrader, TradingView, Pepperstone's proprietary TradingView-powered platform)
Minimum deposit
USD 10
Maximum leverage
200:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2010
2

FBS

3.6/5

Yes, no local regulator warning found Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
0.7 pips
Local deposit and withdrawal methods
3 (Local bank transfer, cards, e-wallets)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
3 (MT4, MT5, FBS Trader app)
Minimum deposit
USD 5
Maximum leverage
3000:1 maximum
Commission per round turn
—not confirmed
Operating since
2009
3

AvaTrade

3.5/5

—not confirmed Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
—not confirmed
Local deposit and withdrawal methods
4 (Cards, wire, Skrill, Neteller)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
6 (MT4, MT5, WebTrader, AvaTradeGO, AvaOptions, AvaSocial)
Minimum deposit
USD 100
Maximum leverage
400:1 maximum
Commission per round turn
—not confirmed
Operating since
—not confirmed
4

XM

3.4/5

Yes, no local regulator warning found Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.0 pips
Local deposit and withdrawal methods
3 (Local PKR bank transfer, cards, e-wallets)
Licence from the local regulator
No, not licensed by the local regulator
Trading platforms
3 (MT4, MT5, XM app)
Minimum deposit
USD 5
Maximum leverage
1000:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2009
5

Exness

3.1/5

—not confirmed Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
—not confirmed
Local deposit and withdrawal methods
—not confirmed
Licence from the local regulator
No, the entity serving PK holds no licence from the local regulator
Trading platforms
5 (MetaTrader 4, MetaTrader 5, Exness Terminal (web), the Exness Trade app for Android, iOS)
Minimum deposit
USD 10
Maximum leverage
1:Unlimited, conditional
Commission per round turn
—not confirmed
Operating since
2008
6

HFM

2.5/5

No, named in a local regulator warning Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
0.6 pips
Local deposit and withdrawal methods
3 (JazzCash, Easypaisa, local bank transfer)
Licence from the local regulator
No, not licensed by SECP
Trading platforms
3 (MT4, MT5, HFM app)
Minimum deposit
USD 5
Maximum leverage
2000:1 maximum
Commission per round turn
USD 6 per round turn
Operating since
2010
7

FXTM

2.3/5

—not confirmed Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.5 pips
Local deposit and withdrawal methods
3 (Cards, bank transfer, e-wallets)
Licence from the local regulator
No, not licensed by the local regulator
Trading platforms
3 (MT4, MT5, FXTM app)
Minimum deposit
USD 10
Maximum leverage
2000:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2011
8

OctaFX

1.8/5

No, named in a local regulator warning Allowed to serve clients in the country

Swap-free (Islamic) account
Yes, swap-free accounts offered
EURUSD spread, commission-free account
1.4 pips
Local deposit and withdrawal methods
2 (Local bank, e-wallet)
Licence from the local regulator
No, not licensed by the local regulator
Trading platforms
3 (OctaTrader, MT4, MT5)
Minimum deposit
USD 25
Maximum leverage
1000:1 maximum
Commission per round turn
USD 7 per round turn
Operating since
2011

— not confirmed: we could not find this stated anywhere public, and we would rather leave a gap than invent a number.

Published weights: Allowed to serve clients in the country counts 3.0, followed by Swap-free (Islamic) account, EURUSD spread, commission-free account, Local deposit and withdrawal methods, Licence from the local regulator, Trading platforms, Minimum deposit, Maximum leverage, Commission per round turn, Operating since. Some links here pay us a commission; the methodology page explains what that does and does not change. Methodology.

Not enough data to rank

These platforms are missing confirmations for several of our criteria. Ranking them would make a platform we simply know little about look like the worst one — so we list them apart, with what we do know, until more is confirmed. Fewer than 3 confirmed criteria means no place.

Tickmill

Allowed to serve clients in the country
— not confirmed
Swap-free (Islamic) account
— not confirmed
EURUSD spread, commission-free account
1.7 pips
Local deposit and withdrawal methods
— not confirmed
Licence from the local regulator
No, not licensed by SECP
Trading platforms
— not confirmed

2 / 6 — only 2 criteria known — we do not assign a place on that

note

Conditions change without notice. The date under each value is when we checked it; past that, open the broker's own page before you rely on the figure.

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Guides

Compared8 sites · 10 criteria
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