About Us
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.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service.
Recommended for investors and traders looking for a great trading platform and solid research.
Recommended for traders interested in algorithmic stock trading.
Recommended for experienced traders looking for an easy-to-use platform and a great user experience.
Recommended for options and futures traders focusing on us markets.
Recommended for forex traders who are familiar with the metatrader trading platforms.
Recommended for equity investors and cfd traders looking for easy-to-use trading platforms.
Recommended for forex traders who value a user-friendly platform and great research tools.
Didn't find the best broker for you?
Answer a few questions and get a personalized broker list!
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.