Forex trading is the act of buying and selling currencies. There is a variety of reasons for forex trading, including balancing the markets, facilitating international trade and tourism, or making a profit. We aim to trade online in different currencies pairs and make a good profit. Online trading is very popular, and all credit goes to strong internet penetration in our day-to-day lives. The best thing about online trading is you can buy or sell a currency pair without owning it. And it is the largest most liquid market in the world, with an average daily trading volume exceeding $5 trillion.
Choose Best Forex Broker
If you are living in a country like Pakistan, and you want to start forex trading, the very next problem that you may face is to choose the best forex broker. There is a lot of forex brokers available in Pakistan. We decide to make an unbiased review forex brokers list.
List of best forex brokers in Pakistan based on their quality and experience.
- OctaFX – Best Broker of 2020
- IQ Option – Easy to Use Platform
- XM – Best Broker of 2019
- Exness – Best Broker of Beginners
- FXTM – Best for Trading Demo Account
- Markets.Com – Best Support
- Avatrade – Best Fixed Spread CFD Broker
- Hotforex – Full Metatrader Suit
1.OctaFX
OctaFX is a top-rated broker in the market. They are offering services to their clients in more than 100 countries. OctaFX is an excellent broker, that’s why this broker is one of those forex brokers that have a good result in the financial market. OctaFX was launch in 2011, and because of its best trading conditions, this broker has grown from strength to strength since its launch.
| Min. Deposit: | $5 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:500 |
| Spread : | Variable |
| Platforms: | Metatrader 4 |
| Regulated By: | Cyprus Securities and Exchange Commission |
| Office By : | Saint Vincent and the Grenadines |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | https://www.facebook.com/octafx/ |
| Twitter Official | https://twitter.com/octafx |
| Instagram Official | https://www.instagram.com/octafx_official/ |
| YouTube Official | https://www.youtube.com/channel/UCG6a23sv4xzV11wtCODc4Sg |
2.IQ Option
IQ Option is a legit broker and a reputed company in the market. You can start trading with IQ Options from any level of experience, beginner to advanced. IQ Options forex services to their clients more than 210 countries.
| Min. Deposit: | $10 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:30 |
| Spread : | Variable |
| Platforms: | Metatrader 4 |
| Regulated By: | Cyprus Securities and Exchange Commission |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | https://www.facebook.com/iqoptioncom/ |
| Twitter Official | https://twitter.com/IQOption |
| Instagram Official | https://www.instagram.com/iqoption_official/ |
| YouTube Official | https://www.youtube.com/channel/UCDrjmRB5Sjlcn_DYoEOCa7w |
3.XM
XM is a well-reputed forex broker in the market, and they deliver ultra-low spreads across a massive range of forex markets. Some points make it a good broker like a flexible lof of sizes, and XM zero accounts accommodate every level of trader.
| Min. Deposit: | $5 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:888 |
| Spread : | Variable |
| Platforms: | Metatrader 4,Metatrader 5 |
| Regulated By: | Cyprus Securities and Exchange Commission |
| Office By : | Cyprus, Australia, etc |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
4.Exness
Exness is a Russian based forex broker that established in 2008. Exness (CY) Ltd is a Cyprus Investment Firm, that is authorized and regulated by the (CySEC) with license number 178/12. This forex broker considered average-risk, with an overall trust score of 73 out of 99. Exness offers 4 types of trading accounts, Cent, Mini, Classic, and ECN. For Mini accounts, there is no minimum deposit requirement, while Classic accounts require a minimum deposit of $2000, and ECN accounts can be open of just $300.
| Min. Deposit: | $1 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:2000 |
| Spread : | Variable |
| Platforms: | Metatrader 4, Metatrader 5, Mobile Trading, Platform Web Trading |
| Regulated By: | Cyprus |
| Office By : | Saint Vincent and the Grenadines |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | https://www.facebook.com/exness |
| Twitter Official | https://twitter.com/exness |
| YouTube Official | https://www.youtube.com/channel/UC3G2LxdQoq5QwdeTWpiZ91g |
5.FXTM
FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). FXTM is considering safe because the top-tier FCA regulates it. This is a scam company. Fxtm is a very good ECN broker. using this broker for more than one year. Deposit and withdrawal are free.
| Min. Deposit: | $500 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:1000 |
| Spread : | Variable |
| Platforms: | Metatrader 4 and 5, Webtrading |
| Regulated By: | FSCA, Cysec, IFSA, FCA |
| Office By : | Cyprus |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | N/A |
| Twitter Official | N/A |
| YouTube Official | N/A |
6.Markets.Com
Markets.Com is an electronic trading platform for trading on the Forex Market, This platform owned by Safecap Investments Limited, that launched in 2010. Markets.com is regulated in two tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. Markets.com’s MarketsX platform is cleanly designed, easy to use, and includes a respectable offering of features, including integrated research, market analysis, webinars, and educational videos.
| Min. Deposit: | $100 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:200 |
| Spread : | Fixed |
| Platforms: | Metatrader 4 |
| Regulated By: | Cysec, FSCA, ASIC |
| Office By : | Cyprus |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | N/A |
| Twitter Official | N/A |
| YouTube Official | N/A |
7.Avatrade
Avafx has recently become Avatrade, a well-known forex broker that offers forex trading in Pakistan servers to more than 200,000 clients in 160 countries. AvaTrade is considering safe since it is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). Avatrade launched in 2006, and its headquarter are in Dublin, Ireland.
| Min. Deposit: | $100 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:400 |
| Spread : | Variable |
| Platforms: | Metatrader 4 |
| Regulated By: | ASIC, FSCA, Central Bank of Ireland |
| Office By : | Ireland |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | https://www.facebook.com/AvaTrade/ |
| Twitter Official | https://twitter.com/avatrade |
| YouTube Official | https://www.youtube.com/channel/UCiNPZypgxZkKu-U2C5qfCpg |
8.Hotforex
Hotforex is one of the well-reputed companies in the forex trading market in Pakistan. Its aims to provide its clients with unique and unparalleled business experience. HotForex regulated in one tier-1 jurisdiction and three tier-2 authorities, making it a safe broker (average-risk) for forex and CFDs trading. … At best, HotForex’s pricing is slightly better than the industry standard; however, pricing still trails low-cost leaders such as CMC Markets and FOREX.com.
| Min. Deposit: | $5 |
| Minimum Position Size : | 0.01 lot |
| Leverage: | 1:1000 |
| Spread : | Variable |
| Platforms: | Metatrader 4 |
| Regulated By: | Cysec, DFSA, FCA, FSCA |
| Office By : | Mauritius |
| Payment Options : | Webmoney, Cashu, Skrill, Credit/Debit Cards, Wire Transfer, Neteller |
| Facebook Official | N/A |
| Twitter Official | N/A |
| YouTube Official | N/A |
There is very common questions every trader should know the answer before choosing a broker.
Three things you should keep in mind while choosing an online forex broker. First, make sure your broker is appropriately regulated; your deposit safety should always be the top priority. Second, always compare the trading platforms, tools, and investment research provided by each broker. Third, read forex broker reviews carefully to compare pricing and product offerings.
It is crucial to use a well-known, properly regulated broker to avoid forex scams. To check if your forex broker is regulated, first identify the registration number from the disclosure text at the bottom of the broker’s homepage. Next, look up the firm on the regulator’s website to validate the register number. If the broker is not regulated in your country, do more research. To help traders, we track, rate, and rank forex brokers across over 20
