Traders Union analysts have conducted a comprehensive study of the brokers providing their services in the territory of Pakistan. The analysis of each company was run based on more than 100 criteria, which enabled TU experts to compile an unbiased and honest 2021 Best Brokers for Trading Forex in Pakistan Rating.
Top 10 Forex brokers in Pakistan in 2021
The top ten of the list of the best companies to trade Forex in Pakistan are the brokers with licenses of international regulators, offering the best conditions for online trading.
Top 10 Forex Brokers in Pakistan:
Exness. A reliable company with regulation from two commissions: FSA and CySEC. A deposit of USD 1 is enough to start trading.
FBS. The broker offers its clients marginal trading with leverage up to 1:3000, cent and ECN accounts, tight spreads from 0.1 pips. FBS provides services based on the license issued by the IFSC.
ICMarkets. The company, whose operation is controlled by ASIC and FSA, provides leverage up to 1:500 and charges low trading commissions. To access Forex, clients need to deposit USD 200 on their account.
Instaforex. The broker regulated by the FSC has a minimum deposit of USD 1. It offers the classical MT4 and MT5, and also a Multi-terminal and a proprietary platform.
Forex.com. The company offers its clients spreads from 0.2 pips and leverage up to 1:400 after a deposit of USD 1,000 is made. The regulator is the British FCA.
OctaFX. The broker is a CySEC license providing leverage up to 1:500 and holds tight spreads. To start trading with the broker, a trader needs to deposit USD 100.
FXTM. The minimum deposit on the company’s accounts is USD 10, while the leverage can reach 1:2000. FXTM services are regulated by four international authorities: FCA, CySEC, FSCA, and FSC.
XM Group. The broker offers traders cent and standard accounts with tight spreads and a minimum deposit of USD 5. The broker’s operation is regulated by IFCS, ASIC, and CySEC.
CMC Markets. The brokerage company regulated by FCA does not have a minimum deposit requirement. Its clients can trade with spreads from 0.7 pips using the classical MetaTrader 4.
FXCM. The broker with an FCA license offers not only MetaTrader 4 and 5 for Forex trading but also ZuluTrade. To start trading, a trader needs to deposit USD 500 on their account.
Lists of brokerage companies of Pakistan by criteria
Also, the lists of the best online platforms for trading Forex based on specific criteria have been published on the page of the Best Brokers For Trading Forex in Pakistan Rating.
In particular, Traders Union analysts also compiled the ratings of:
- Brokers with several actual offices in the territory of Pakistan.
- Companies, in which the clients can make a deposit in Pakistani rupee.
- The platforms with active investment offer for earning passive income.
- Brokers with conditions adjusted to the novice traders.
- The companies providing a possibility of making a transfer via local banks.
Also, the rating page features information about the rules of Forex market regulation in Pakistan. Additionally, there are reviews of traders, who have already used the services of the brokers from the Top 10.
The criteria Traders Union specialists use to audit the brokers
In order to create an unbiased Best Brokers for Trading Forex in Pakistan Rating, the Union’s specialists checked every online platform by 107 criteria:
- client (27 criteria);
- operational (17 criteria);
- financial (22 criteria);
- economic (18 criteria);
- service (23 criteria).
The comprehensive analysis provided an opportunity to create an unbiased and reliable rating of brokers.
Advantages of trading Forex via Traders Union
Traders Union is a rebate service, which has been compensating a part of the funds withheld by the brokers as trading commissions to its members. In addition, the traders, who opened a trading account via the Traders Union website can receive free legal assistance from the Union.