Forex Brokers That Accept Clients From Pakistan (2026)
Updated · Ranked by our review methodology
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Six brokers we have reviewed take clients from Pakistan, all through entities licensed outside Pakistan: Tickmill, Pepperstone and IC Markets list Pakistan at sign-up, while XM, FxPro and Exness do not name it among the countries they refuse. None is licensed by the SECP, and the State Bank of Pakistan says residents buying from offshore forex and CFD platforms breaches FERA 1947.
Lists Pakistan at sign-up. Clients outside the UK, the EU and South Africa are served by Tickmill Ltd (FSA, Seychelles, SD008), with negative balance protection; all three main accounts start at $100.
Regulators: FCA, CySEC, FSCA, FSA · Min deposit: $100 · Platforms: MetaTrader 4, MetaTrader 5, TradingView, Tickmill Trader
Read the full Tickmill review →- 2
Pepperstone: best for strong group regulation and negative balance protection
4.4 / 5Lists Pakistan at sign-up, with Pepperstone Markets Limited (SCB, Bahamas, SIA-F217) as the entity. The group's FCA, CySEC and ASIC licences do not cover clients from Pakistan.
Regulators: SCB, FCA, CySEC, DFSA, ASIC · Min deposit: $0 · Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Pepperstone platform
Read the full Pepperstone review → xm.com is operated by XM Global Limited (FSC, Belize, 8557558); XM does not exclude Pakistan in its client agreements or website footer. Accounts start at $5, and XM states negative balance protection applies to all accounts.
Regulators: CySEC, DFSA, FSC · Min deposit: $5 · Platforms: MetaTrader 4, MetaTrader 5, XM app
Read the full XM review →Lists Pakistan at sign-up, with Raw Trading Ltd (FSA, Seychelles, SD018) as the entity, which does not offer negative balance protection.
Regulators: FSA, CySEC, ASIC · Min deposit: $0 · Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView
Read the full IC Markets review →FxPro does not name Pakistan among the countries it refuses. Most clients outside the UK are served by FxPro Global Markets Ltd (SCB, Bahamas, SIA-F184); some by its Seychelles partner entity.
Regulators: FCA, SCB, FSA · Min deposit: No fixed minimum ($1,000 recommended) · Platforms: MetaTrader 4, MetaTrader 5, cTrader, FxPro platform
Read the full FxPro review →Exness's help-centre list of restricted countries (updated 9 July 2025) does not include Pakistan. Clients are served by offshore entities such as Exness (SC) Ltd (FSA, Seychelles, SD025).
Regulators: FSA, CBCS, FSC, CySEC · Min deposit: $10 · Platforms: MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trade app
Read the full Exness review →
Before you open an account from Pakistan
Read the local rule first. In EPD Circular Letter No. 08 of 2022, the State Bank of Pakistan (SBP) says that buying products from offshore forex, CFD and margin trading platforms by residents of Pakistan violates section 4(1) of the Foreign Exchange Regulation Act, 1947, and that remittances to these platforms, directly or indirectly, through any payment channel are not allowed; it has told banks to stop them. In warnings since April 2025, the SECP says such platforms operate without approval or oversight from any Pakistani regulator. Every broker on this page is an offshore broker in that sense: is forex trading legal in Pakistan.
This page lists brokers that take clients from Pakistan. It is not a statement that using them is lawful for a resident of Pakistan; that decision, and its legal risk, are the reader’s. Rules as of October 2026.
Which entity serves clients from Pakistan?
A broker’s best-known licence often does not apply to every client. Clients from Pakistan are served by the brokers’ offshore entities:
| Broker | Entity for clients from Pakistan | Regulator | Negative balance protection |
|---|---|---|---|
| Tickmill | Tickmill Ltd | FSA (Seychelles) | Yes |
| Pepperstone | Pepperstone Markets Limited | SCB (Bahamas) | Yes |
| XM | XM Global Limited (operator of xm.com) | FSC (Belize) | Yes, according to XM |
| IC Markets | Raw Trading Ltd | FSA (Seychelles) | No |
| FxPro | FxPro Global Markets Ltd (most clients outside the UK) | SCB (Bahamas) | Yes |
| Exness | Exness (SC) Ltd and other offshore entities | FSA (Seychelles) and others | Yes, for Exness (SC) Ltd |
Entities as stated in each broker’s own documents, checked October 2026; the entity that opens an account is named in the client agreement shown at sign-up. Offshore regulators generally offer fewer protections than the FCA or ASIC, and Pakistani complaint channels do not apply: forex regulation.
Deposits and withdrawals from Pakistan
The SBP has told banks to stop payments to offshore forex, CFD and margin trading platforms through any payment channel, so payments to the brokers on this page can be blocked, and the SBP treats them as not allowed. This page does not describe ways to send money to these platforms.
How we chose these brokers
The list includes every broker we have reviewed that takes clients from Pakistan, ranked by its overall score under our review methodology. Scores reflect the whole broker group; the entity that serves clients from Pakistan is shown in the table above. Some of these brokers pay us a commission when a reader opens an account; this does not affect scores or order. Brokers that are not on the page have not been reviewed yet.
The regulated alternative in Pakistan
The Pakistan Mercantile Exchange (PMEX) is a futures exchange overseen by the SECP, and its contracts are traded through SECP-licensed futures brokers. Check the current product list on the PMEX website and the broker on the PMEX or Pakistan Stock Exchange lists before opening an account. For fee-based prop firm challenges instead of a broker account, see prop firms that accept traders from Pakistan.
Comparisons and rankings
Frequently asked questions
Which forex brokers accept clients from Pakistan?
Of the brokers we have reviewed, Tickmill, Pepperstone and IC Markets list Pakistan at sign-up, and XM, FxPro and Exness do not name Pakistan among the countries they refuse (checked October 2026). All serve clients from Pakistan through entities licensed outside Pakistan.
Is any forex broker licensed by the SECP?
The SECP licenses securities brokers and futures brokers, such as those trading on PMEX. Its warnings say offshore forex platforms operate without approval or oversight from any Pakistani regulator.
Is it legal to use these brokers from Pakistan?
The State Bank of Pakistan says residents buying from offshore forex, CFD and margin trading platforms violates section 4(1) of FERA 1947, and has told banks to stop payments to them. The decision and its legal risk are the reader's.
Can I deposit from Pakistan?
The SBP says remittances to these platforms, directly or indirectly, through any payment channel are not allowed, and has told banks to stop them.