In Pakistan, there are numerous forex brokers. Most of them have a strong history of
operation, and those regulated are governed by the Securities Exchange Commission of Pakistan (SECP). Here is a list of the best forex brokers in Pakistan; as you can see, we considered numerous aspects when making this list.
Exness
Since 2008, Exness Trading Company has been active in the Forex market. Nymstar Limited, a corporation registered in the Republic of Seychelles, manages the broker’s activity. The service is governed by CySEC, FCA (Office of Financial Regulation and Supervision of the United Kingdom), and FSA licences (Office of Financial Regulation and Supervision of the Republic of Seychelles)
The broker is the market leader in Forex ratings. The monthly trading turnover of the corporation is USD 325.8 billion. The broker offers CFDs on bitcoin, equities, over 120 currency pairs, energy, and commodities. According to the review, Exness’ service gives traders a good work environment, including minimal commissions, rapid order processing, and fund withdrawal. Unlimited leverage makes it possible to profit from tiny investments of up to $999. Depending on the trader’s needs, there are numerous choices for starting an account. A demo account is offered, serving as a training account for novice and professional traders.
The following are the benefits of trading with EXNESS :
- VPS hosting for free
- Money can be withdrawn instantly at any time of day or night
- Separate accounts
- Narrow spreads
Multiple trading platforms are available, including MT4, MT5, Multiterminal, and a smartphone app.
Exness disadvantages:
- Expand its customer service to assist around the clock;
- The Exness Training resource area is currently only available in English. It can profit from being available in a variety of languages.
Bank Saxo
The Danish investment bank Saxo Bank, founded in 1992, offers online trading and investment services. Several financial regulators worldwide supervise the corporation, including the Danish Financial Services Agency (FSA) and the UK’s Financial Conduct Authority (FCA).
As a global service provider, Saxo Bank maintains a variety of independent legal entities in various parts of the world. The services provided by multiple organizations may range slightly, particularly in fees and product innovations. We tested Saxo Markets UK in this assessment.
Saxo Bank’s review safety is enhanced by the fact that it is regulated by top-tier financial authorities, has a long track record, and has a banking background.
Recent account opening difficulties – Saxo Bank appears to be delaying delivering you a critical URL required to begin your registration process. See Saxo Bank account opening concerns in the review’s ‘Account opening’ chapter for more information. Don’t want to wait any longer to open an account? Consider some Saxo Bank options.
IG
IG, founded in the United Kingdom in 1974, is one of the world’s largest CFD brokers. It
is governed by several organizations worldwide, including top-tier regulators such as the UK’s Financial Conduct Authority (FCA) and Germany’s Federal Financial Supervisory Authority (BaFin). The IG Group is a publicly-traded company on the London Stock Exchange.IG is considered safe because it is publicly traded, publishes its financials, and is supervised by top-tier regulators.
CFDs are technical instruments with a high risk of rapidly losing money due to leverage. 79% of retail investor accounts lose money when trading CFDs with this supplier. You should consider whether you understand how CFDs work and can afford to lose money. CFDs are not available to US clients. Forex trading entails risk. Losses can exceed deposits.
Interactive Brokers Inc.
Interactive Brokers was created in 1978 and is regulated by several financial regulators, including the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
Interactive Brokers offers numerous account kinds, which are separated into two categories:
Individual accounts for traders and investors
Institutional accounts
Traders can pick between two web trading platforms: Client Portal and Webtrader, while Interactive Brokers’ mobile trading desk, IBKR Mobile, is available for iOS and Android. Users can trade in various markets, including stocks, currencies, options, and futures, to mention a few.
HYMN
HYCM is a 1977-founded online broker that offers Forex and CFDs trading on the famous MT4 forex trading platform and mobile apps for iOS and Android devices.
Traders who begin with HYCM must make a minimum deposit of US Dollars 100 and have the option of signing up for a demo account.There is a large range of assets and currency pairs accessible for trading:
Over a hundred instruments
There are almost 40 currency pairs.
