Experts at the Traders Union have compiled a new list of the Best Pakistani Brokers Rating 2021. When forming it, analysts formulated their conclusions based on data obtained from detailed reviews of Terms of Service, operational practices and conditions, and independent studies of several dozen brokerage companies. Each broker has been tested against 107 proprietary and objective criteria.
Top 10 of the Best Pakistani Forex brokers
The Top 10 brokerage companies in Pakistan include regulated online platforms with the most favorable trading terms, which provide clients with the highest service levels and a guarantee of the safety of clients’ funds.
Pakistan’s Best Brokers list for Forex Trading in 2021:
Exness
This broker is controlled by the CySEC and FSA. It allows clients to start trading with $1 in their accounts.
FBS
A company with a wide range of trading accounts, including Micro and ECN. Spreads start at 0.1 pips. Traders get leverage up to 1:3,000. It is regulated by the IFSC (Belize).
ICMarkets
This broker is licensed by the ASIC and FSA regulators, offering minimal spreads. The maximum leverage is 1:500. The minimum deposit is $200.
InstaForex
You need just $1 on your account to start trading with this broker. Clients have access to the MetaTrader 4, MetaTrader 5, and MultiTerminal platforms, as well as the InstaTrader proprietary terminal. The activities are controlled by FSC (Mauritius).
Forex.com
The broker is part of the world-renown GAIN Capital company licensed by the FCA. Here you can trade through MetaTrader 4/5 and a proprietary Forex.com terminal. The minimum deposit is $1,000, and spreads are from 0.2 pips.
OctaFX
The company has a minimum deposit of $100. It offers spreads from 0.6 pips and leverages up to 1:500. It is controlled by the CySEC.
FXTM
A broker regulated by CySEC, FCA, FSC, and FSCA. It is enough to deposit $10 to start your trading. The maximum leverage is 1:2000.
XM Group
The company operates under CySEC, ASIC, and IFCS licenses. Its clients can trade from Micro and Standard accounts with $5 on their balance. Spreads start at 0.6 pips.
CMC Markets
A reliable broker offering traders to trade in MT4 with spreads from 0.7 pips. The minimum deposit is $1. Its regulator is FCA.
FXCM.
Entry to the Forex market via this broker is possible with a deposit of $50 or more. Its clients have access to trades with 4,000 trading instruments in the popular MT4, MT5, and ZuluTrade platforms. It is supervised by the FCA.
Rating brokers using objective criteria
The specialists at Traders Union have compiled several extra ratings in addition to the consolidated Best Pakistani Brokers list. They include companies meeting certain parameters in the best way.
On the rating page, you can find lists of brokers that:
- opened more than one office in Pakistan;
- allow customers to replenish their trading accounts in local PKR currency;
- offer investment programs;
- provide the best trading terms for novice traders;
- support deposits using Pakistani banks.
There is also a brief description of how the Pakistani Forex market functions. There are reviews by real clients of brokers.
Key criteria used to assess the best Pakistan Forex brokers
The Traders Union analysts examined each company according to 107 criteria to compile the most objective best Forex brokers in Pakistan rating.
The assessment was carried out according to:
22 financial criteria;
18 economic criteria;
27 client criteria;
23 service criteria;
17 reputational criteria.
An integrated approach has become the key to a high-quality and comprehensive assessment of the brokers under study.
Why should a trader register with Traders Union?
As a Traders Union member, you can reimburse a part of the funds spent on the brokerage spread. Since 2010, the Traders Union has been paying rebates to registered traders and providing free legal support and professional broker reviews.