Pakistan
Best International Online Forex Brokers In PAKISTAN For 2023
Explore our curated selection of reputable and regulated forex brokers in Pakistan, rigorously tested with actual funds. Each broker is accessible within Pakistan, ensuring a trustworthy and secure trading experience.
XM
Beginner score 4.4/5
FP markets
Beginner score 4.4/5
FXTM
Beginner score 4.3/5
Xtream Forex
Beginner score 4.3/5
IQ options
Beginner score 4.3/5
IC market
Beginner score: 4.2/5
Discover the advantages of the premier forex brokers in Pakistan for 2023:
Popularity Of The Best Online Forex Brokers In Pakistan
Curious about public opinion? Explore the best online broker Pakistan preferences of numerous individuals over the past six months, according to The Brokers Rating.
Popularity
Financial Market Regulation In Pakistan
Online brokers and trading platforms catering to citizens undergo regulation, licensing, and oversight by the Securities and Exchange Board of India (SEBI), the primary financial markets regulator in the country. The Reserve Bank of India (RBI) and SEBI jointly issue licenses to these brokers, ensuring their activities align with established regulations.
SEBI has implemented multiple regulations to safeguard participants in financial markets and maintain market integrity by preventing manipulation. Despite these measures, unregulated and illicit platforms promising unrealistic profits persist in India.
As a fundamental guideline, if an opportunity seems excessively lucrative, it often carries risks. Rapid wealth accumulation through stock, forex, or CFD trading is unlikely, and associating with unregulated or fraudulent brokers may result in the loss of invested funds.
All brokers featured in our curated list are registered with at least one top-tier regulator and hold licenses to operate in Pakistan, assuring users of their regulatory compliance and legitimacy.
Taxation Of Stock Trading In Pakistan
Income tax in Pakistan applies to capital gains derived from stock trading, with a distinction made by the tax office between short-term and long-term capital gains.
Short-term capital gains occur when a trader sells shares within 12 months of purchase, and if the sales price exceeds the purchase price, a 15% income tax rate is applicable.
For long-term capital gains, if a trader sells stocks after holding them for more than 12 months and realizes a gain exceeding Rs.1 lakh, a 10% tax is imposed. This tax is applicable to shares traded both within and outside of Pakistan.
In the case of intraday trading, where shares are bought and sold within the same trading day, the gains are treated as business income and taxed according to the trader’s income tax slab.
Now, let’s explore the international best online brokers Pakistan in 2023, beginning with the champion, Exness Global login.
Recommended for traders looking for broad market access and a professional trading environment.
|
Minimum deposit |
$2,000 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1-3 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Interactive Brokers services, check out our review for 2023 |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading.
|
Minimum deposit |
$50 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, eToro Money, PayPal, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, eToro Money, PayPal, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
|
Withdrawal fee |
$5 |
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of FBS services, check out our review for 2023 |
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service.
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of HFM services, check out our review for 2023 |
Recommended for investors and traders looking for a great trading platform and solid research.
|
Minimum deposit |
$2,000 |
|
Fees class |
Average |
|
Deposit method |
Bank transfer, Credit/debit cards |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of TOP FX services, check out our review for 2023 |
Recommended for traders interested in algorithmic stock trading.
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer |
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of XM services, check out our review for 2023 |
Recommended for experienced traders looking for an easy-to-use platform and a great user experience.
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, PayPal, Skrill |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, PayPal, Skrill |
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of FP Markets services, check out our review for 2023 |
Recommended for options and futures traders focusing on us markets.
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer |
|
Withdrawal fee |
$10 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of FXTM services, check out our review for 2023 |
Recommended for forex traders who are familiar with the metatrader trading platforms.
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of XtreamForex services, check out our review for 2023 |
Recommended for equity investors and cfd traders looking for easy-to-use trading platforms.
|
Minimum deposit |
$1 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of IQ Options services, check out our review for 2023 |
Recommended for forex traders who value a user-friendly platform and great research tools.
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Pepperstone services, check out our review for 2023 |
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What Criteria Guided Our Selection Of The Best Online Brokers Pakistan For The Year 2023?
Save yourself hours of research! Our proficient team has undertaken all the groundwork, evaluating brokers through The Brokers Rating’s distinctive methodology to provide you with comprehensive reviews.
- We meticulously examined whether each broker was regulated by a reputable authority.
- Additionally, we conducted a thorough comparison of fees encompassing spreads, withdrawal fees, and commissions, scrutinized every facet of their services.
- We personally opened and tested accounts with real money to assess platform attributes such as charting, features, and usability.
