Best Forex Brokers in Pakistan for 2024

Top Forex brokers in Pakistan Reviewed

Founded in 1978, Interactive Brokers is one of the largest international brokers listed on the NASDAQ exchange (Ticker: IBKR) and regulated by many international top-tier regulators. They are at the top of our list of the best Forex brokers in Pakistan for their wide range of currency pairs, great research tools and their advanced trading platforms.

There are several account base currencies at Interactive Brokers without any minimum required amount, but the only way to fund them is through a bank wire transfer. They offer one of the tightest spreads on Forex, but you are subject to a tiered commission based on the monthly volume of your trading activity. Below is a sample of the spreads applied to major currency pairs:

Interactive Brokers spreads on major currencies

In addition to low spreads and margin rates, Interactive Brokers does not charge an inactivity fee, and you are entitled to one free withdrawal per month.

Finally, their trading platform, TWS (desktop version), is one of the best trading platforms with advanced features and a high degree of customisation. Moreover, they offer a web interface, IBKR GlobalTrader, and a mobile app that are also well-designed.

Founded in 2017,  Fusion Markets is a Forex and CFD broker with offices in Australia, Vanuatu and the Seychelles, but it accepts clients from most countries worldwide (exceptions include the US and New Zealand). The broker offers access to 250+ products, including Forex and CFDs on Energy, Precious Metals, Equity Indices, US stocks and Crypto.

On AUD and USD currencies, the commissions offered are $2.25 per side commission, so a standard lot will be $4.50. On the “Zero Account”, spreads start from 0.0 and on the “Classic Account”, the spreads start at 0.9. The main difference between the two is that the latter includes your commissions in each trade. Below is a sample of the spreads applied to major currency pairs:

Fusion Markets spreads on major currencies

Finally, Fusion Markets offers several investment platforms in desktop, web and mobile apps, namely MetaTrader 4 and 5, and cTrader. All platforms give you customisable charts, fundamental and technical indicators and an intuitive interface. cTrader presents more advanced market depth options like price depth and VWAP depth.

FP Markets is another broker included in our list of the best forex brokers in Pakistan. It is one of the few brokers that gives you access to social trading, allowing you to find, follow and copy successful traders automatically. It was founded in 2016, they give you access to trade more than 60 currency pairs.

FP Markets spreads on major currencies

FP Markets has its own well-designed web trading platform and mobile application. In addition, you can trade using the online trading platform Iress, and the famous MetaTrader trading platforms MT4 and MT5. These trading platforms offer a wide range of indicators and drawing tools that assist you in analysing trends and market movements. You can open an account online, fund it by bank transfer, credit or debit cards, Neteller, Skrill, or several other online payment methods, and the minimum deposit is $100.

Pepperstone was established in 2010 and currently serves more than 300,000 traders across the globe. It is an ideal broker if you want to reduce your fees, as it provides tight spreads and free deposits and withdrawals. They give you access to trade over 60 currency pairs with leverage that can go up to 1:500, but keep in mind that higher leverage means higher risk.

Pepperstone spreads on major currencies

Pepperstone provides three trading platforms that suit all traders: MetaTrader4 (MT4), MetaTrader5 (MT5) and cTrader. Each platform is free and available on the web portal, mobile, and desktop. They have two account types: Standard account suitable for new traders and Razor account ideal for scalpers and algorithmic traders.