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Top 6 Best Forex Brokers in Pakistan for 2024
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Our expert panel tested all the best forex brokers in Pakistan and rated their features according to 8 key criteria, including regulatory status, the range of currency pairs on offer, and overall trading experience.
The panel set out to answer the question: what’s the best forex trading app in Pakistan for Pakistani users?
Read our verdict for Pakistan below to compare the best forex trading platforms.
What is the best forex broker in Pakistan?
Copy link to sectionOur experts rank Pacific Union as the best forex broker in Pakistan.
The list below shows the three best Pakistani forex brokers. These are the top forex trading apps in Pakistan for their security, service, and support.
We found 6 forex brokers for users based in
Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage it.
Exness does not offer services to residents of certain jurisdictions including the USA, Iran, North Korea and others. The content of the website including translations should not be construed as means for solicitation. Investors make their own and independent decisions. Trading in CFDs and generally leveraged products involves substantial risk of loss and you may lose all of your invested capital.
Top 6 online forex brokers Pakistan, reviewed
Copy link to sectionWe found 6 forex brokers for users based in
1. Pacific Union. Best for social trading & customer support
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...
Fees
$...
Minimum deposit
200
No. assets
No
Demo/virtual account
Pros & Cons
Overview
We love Pacific Union because its beginner friendly platform comes loaded with lots of educational content, including how to guides and video learning. Pacific Union offers over 30 forex pairs, including majors and minors.
It’s an award-winning broker with a proprietary social trading application that makes it easy for beginners to follow the strategies and positions of the platform’s top traders. Pacific Union uses the popular Metatrader 4 software alongside its mobile and web based apps. Traders can choose the amount of leverage they want to use, all the way up to 500:1.
The fees: There are fees with Pacific Union, but it depends on your account type. Its standard account is commission free, but Bid/Ask spreads start at 1.3 pips. Pro accounts are charged a $3.5 RT per lot commission and have spreads starting from 0 pips. Swap charges for holding a trade overnight vary depending on size.
Highlights
| Features | summary |
|---|---|
| No. of tradable assets | |
| Min. Deposit | |
| ID verification required | No |
| Free demo account | No |
| Supported assets | |
| Mobile trading app | No |
| Web trading platform | No |
| Regulatory bodies | |
| View more > | > |
2. Exness. Best for tight spreads and a pro-style trading experience.
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From $0.2 per lot
Fees
$...
Minimum deposit
300
No. assets
No
Demo/virtual account
Pros & Cons
Overview
We love Exness because of its tight spreads, which make it a top choice for traders looking to minimize trading costs and maximize profitability. The brokerage offers some of the most competitive spreads in the industry, especially on markets like currencies. Excess offers 100+ forex pairs via CFDs from the majors, minors, and exotics.
Its focus on low trading costs is ideal for both newbies and experienced traders looking to trade with minimal overheads. Exness also stands out for its range of trading terminals. It offers MetaTrader 4, MetaTrader 5, and the Exness web terminal. There’s also a dedicated mobile app meaning you’ll be able to always access your account.
Beginners can take advantage of a free demo account or micro-lots for low minimum trades, while more experienced traders can use the hundreds of pre built indicators available on the MetaTrader suite.
The fees: Standard accounts aren’t charged a commission but are charged through the spread. Spreads start from 1 pip on major forex pairs. Overnight fees apply on some assets (exc. swap-free accounts).
Highlights
| Features | Exness summary |
|---|---|
| No. of tradable assets | 250+ |
| Min. Deposit | From $10 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stocks, Cryptocurrencies, Commodities, Currencies |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSCA, FCA, CySEC, FSA, BVIFSC |
| View more > | Exness > |
How we chose the best Pakistan forex brokers
Copy link to sectionOur expert reviews panel is made up of currency traders with years of experience in the forex markets. It includes our Data Analyst, Dan Ashmore, Senior Editor of News, Jayson Derrick, and long-time forex trader, Prash Raval. The panel includes an independent fact checker, Richard Stutely.
Here are the 8 key criteria which the panel used to rate each platform.
- Regulation with a trusted financial institution. We only recommend forex brokers for beginners that are regulated in Pakistan and offer top-tier protection to their clients.
- Low minimum deposit requirements. An accessible forex trading platform in Pakistan, with a low minimum deposit, scored higher in our rankings.
- Mobile app availability. Our experts gave preference to the forex brokers in Pakistan with the best forex trading apps.
- Number of currency pairs available to trade. We expect Pakistan forex brokers to offer a comprehensive service where you can trade major, minor, and exotic currency pairs.
- Amount of leverage on offer. You need leverage to trade forex, so we looked for platforms that offered lots of leverage, within the limitations set by local Pakistani regulators.
- Tight spreads. We sought the best value for the average user. Small spreads mean a lower cost of trading.
- Lowest commissions and other fees. Our experts don’t like hidden fees and unexpected costs, so brokers with a clear fee structure performed well.
- Compatibility with trading software. Any Pakistani forex broker that offers integration with popular trading software like MetaTrader 4, MT5, or cTrader received a high rating.
More about the best forex trading platforms in Pakistan
Copy link to sectionWhich currency pairs can I trade in Pakistan?
Copy link to sectionYou can trade major, minor, and exotic pairs when you sign up for the best forex trading platform in Pakistan. The majors and minors refer to the largest and most popular currencies paired with each other, while the ‘exotics’ are everything else.
- Major pairs. The major pairs are made up of the US Dollar paired with the other most highly traded currencies. Major pairs include: USD/EUR, USD/GBP, USD/JPY, USD/CHF, USD/AUD, USD/NZD, and USD/CAD.
- Minor pairs. The minor pairs include at least one of the Euro, British Pound, or Japanese Yen paired with other large currencies, but do not include the US Dollar.
- Exotic pairs. Exotic pairs include a major currency ‘crossed’ with a developing currency. There are many exotic pairs but they include things like GBP/HUF, EUR/MXN, and JPY/ZAR.
Here’s a look at what forex pairs are available with the best FX trading platform in Pakistan:
| Currency pair | Currency pair | Currency pair |
|---|---|
| View more > | Pacific Union > |
What forex markets are available in Pakistan?
Copy link to sectionThere are two markets that are available with all top forex brokers in Pakistan. One is the ‘spot’ market, another is the futures market, where you use futures contracts to predict future price movements. Here is some more detail on both options.
- Spot forex. Trading the spot market means to buy and sell currencies instantaneously at the live market rate. This is the most common way to trade forex in Pakistan for most people.
- Forex futures. Futures contracts are an agreement to buy or sell a currency at a fixed price at a set date in the future. Futures require more understanding of the economic factors that impact prices over time. For that reason, they’re generally only used by people with experience of currency trading.
Is MT4 available in Pakistan?
Copy link to sectionYes, MetaTrader 4 is legal in Pakistan. When you use MetaTrader software, you have to sign into a brokerage account and any live trade you place goes through a forex trading platform. As long as you can connect to a legal Pakistani forex broker, you can use MT4 or MT5.
What’s the minimum forex trade size in Pakistan?
Copy link to sectionThe industry standard is 0.01 ‘lots’, which is equivalent to 1,000 units of the currency you want to trade. This is known as a ‘micro lot’. A ‘lot’ equals 100,000 units of the currency you want to trade. Different forex brokers have different minimums, here’s a look at the top 3 Pakistan forex brokers:
| Product | Pacific Union minimum trade | Exness minimum trade |
|---|---|---|
| – | ||
| – | ||
| – | ||
| – | ||
| – | ||
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| View more > | Pacific Union > | Exness > |
Can I trade other assets with a forex broker in Pakistan?
Copy link to sectionYou can, though it depends on the type of broker you choose. The best CFD brokers in Pakistan usually offer other financial markets in addition to currency pairs. If you want to trade other assets, such as stocks or cryptocurrency, then you need either the best brokerage accounts in Pakistan or the best crypto exchange in Pakistan.
| Product | Pacific Union assets | Exness assets |
|---|---|---|
| – | ||
| – | ||
| – | ||
| – | ||
| – | ||
| – | ||
| – | ||
| View more > | Pacific Union > | Exness > |
How to trade forex in Pakistan
Copy link to section1. Sign up to a Pakistani forex trading platform
Copy link to sectionUse the list of top-ranked brokers at the top of the page to help you.
2. Create an account and deposit money
Copy link to sectionSign up by providing your personal details and a form of photo ID. Transfer funds to the account through a bank transfer, credit or debit card payment, or another payment method, like PayPal.
3. Search for a currency pair and place your trade
Copy link to sectionFind the pair by typing the currency code – such as USD for the US Dollar – and choosing it from the list of results. Enter the details and click ‘buy’ to make the trade.
FAQs
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What’s the best forex trading app in Pakistan?
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What is the best forex trading app in Pakistan?
More of the best forex brokers by country
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