Pakistan, located in South Asia, is home to more than 212.2 million people, making it the fifth most populated country in the world and a prime market for foreign exchange trading.
Pakistan is a major exporter of natural resources, and the foreign exchange market is crucial to the economy. There is a large selection of globally regulated brokerage firms that welcome traders from Pakistan.
1. IG
Founded in 1974, IG Group is supervised by both the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). IG does not offer a forex no deposit bonus.
Options, CFDs, and FX are all available for trading from IG. Both IG’s own trading platform and the popular MetaTrader 4 are available to traders.
2. Swissquote
Currency pairs, FX options, metals, indices, commodities, and bonds are just some of the asset classes that Swissquote Bank makes available for Forex, CFDs, and options trading.
The broker’s own Advanced Trader platform, as well as MetaTrader 4 and 5, are available to traders. Swissquote Bank Ltd is a member of the Swiss Bankers Association and a licenced bank with the Swiss Federal Financial Market Supervisory Authority (FINMA).
Swissquote provides its clients with a number of trading account options, including a free test account and the Standard, Premium, Prime, and Professional accounts.
Both bank wire transfers and credit card deposits are accepted. Live chat, phone, email, and a web-based contact form are the communication channels for 10 language options of customer service.
3. Saxo Bank
Saxo is a globally regulated, multi-asset class broker that allows traders to access over 40,000 instruments (including Forex, CFDs, stocks, options, ETFs, commodities, futures, bonds, and mutual funds) from a single account on multiple platforms, including Saxo’s own SaxoTraderGO and professional-grade SaxoTraderPRO.
The Saxo Group has regulatory approval from 15 different authorities, including the UK’s Financial Conduct Authority (FCA), Australia’s ASIC, Japan’s FSA, and many others.
Credit cards, debit cards, bank transfers, and stock transfers can all be used to make deposits. Phone, email, and a Frequently Asked Questions (FAQ) section are all available in nearly 30 languages for customer convenience.
4. HYCM
HYCM, established in 1977, is a leading online broker that provides access to foreign exchange (Forex) and contracts for difference (CFDs) via the widely used MT4 forex trading platform and mobile apps for Android and iOS.
New HYCM traders must put down $100 USD, however they can also try out the platform risk-free in a practice account tailored to their skill level.
Minimum and maximum trading criteria for the various HYCM Trading Accounts (Demo, Micro, Mini, Standard, and Islamic) will vary from trader to trader and instrument to instrument.
WhatsApp, Skype, Viber, Telegram, Facebook Chat, and the phone are all ways to contact HYCM’s round-the-clock support team.
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5. eToro
eToro is an online broker that has been around since 2006 and specialises in CFDs and Social Trading. eToro has been around for more than 14 years, during which time it has been regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
Traders who utilise eToro’s proprietary trading platform can choose from more than 100 instruments and 50 currency pairings, all from within the convenience of their computer browser. Traders can use the eToro Android and iOS apps to maintain tabs on their accounts and place trades on the go.
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