Best Forex Brokers Pakistan 2026 – JazzCash, Easypaisa, Islamic Account

Last reviewed:January 15, 2026

•

By:David Okonjo

•

Fact-checked by:Lisa Martinez

Top 8 Brokers for Pakistani Traders in 2026

Forex trading in Pakistan operates in a regulatory grey area - the State Bank of Pakistan (SBP) doesn't license forex brokers, but trading with international brokers is widely practiced. Our experts tested 40+ brokers to find the best options for Pakistani traders in 2026. Exness leads our rankings with zero minimum deposit and instant withdrawals. OctaFX offers unique JazzCash and Easypaisa support. All recommended brokers offer MT4/MT5 platforms and Islamic accounts.

What is the best forex broker in Pakistan for 2026?

Exness is the best forex broker for Pakistani traders in 2026, offering zero minimum deposit, instant withdrawals, and FCA regulation. OctaFX is best for JazzCash/Easypaisa users, and XM is best for beginners with excellent education.

Key Features for Pakistani Traders

Compare essential broker features for traders in Pakistan.

Broker
Exness	None	PKR 0
XM	None	PKR 1,400
HFM	None	PKR 0
FXTM	None	PKR 2,800
RoboForex	None	PKR 2,800
AvaTrade	None	PKR 28,000
OctaFX	None	PKR 5,600
FBS	None	PKR 280

Detailed Broker Analysis

Exness

Read Review

Recommended

Most popular broker in Pakistan.

4.6/5App Score

Exness is the most used broker among Pakistani traders with instant withdrawals and zero minimum deposit. Multi-regulated by FCA, CySEC, FSA.

Forex spread classUltra-Low

Minimum depositPKR 0

Inactivity fee$0

Currency pairs107

Deposit methodsBank Transfer, Skrill, Crypto

Withdrawal fee$0

Visit Broker Read review

XM

Read Review

Recommended

Excellent education resources.

4.5/5App Score

XM offers comprehensive educational resources and webinars helpful for Pakistani beginners. Multiple account types available.

Forex spread classLow

Minimum depositPKR 1,400

Inactivity fee$5/mo

Currency pairs55

Deposit methodsSkrill, Neteller, Bank Transfer

Withdrawal fee$0

Visit Broker Read review

HFM

Read Review

Recommended

Zero minimum deposit.

4.3/5App Score

HFM offers zero minimum deposit and zero spreads on select accounts. Islamic accounts available for Pakistani Muslim traders.

Forex spread classUltra-Low

Minimum depositPKR 0

Inactivity fee$0

Currency pairs53

Deposit methodsBank Transfer, Skrill, Crypto

Withdrawal fee$0

Visit Broker Read review

FXTM

Read Review

Recommended

Strong reputation and education.

4.4/5App Score

FXTM offers excellent educational resources and copy trading via FXTM Invest. Multi-regulated with strong reputation.

Forex spread classLow

Minimum depositPKR 2,800

Inactivity fee$5/mo

Currency pairs62

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

Visit Broker Read review

OctaFX

Read Review

Recommended

JazzCash & Easypaisa support.

4.2/5App Score

OctaFX is one of the few major brokers accepting JazzCash and Easypaisa mobile wallet deposits, making it highly accessible for Pakistani traders.

Forex spread classLow

Minimum depositPKR 5,600

Inactivity fee$0

Currency pairs40

Deposit methodsJazzCash, Easypaisa, Bank Transfer

Withdrawal fee$0

Visit Broker Read review

RoboForex

Read Review

Recommended

High leverage up to 1:2000.

4.1/5App Score

RoboForex offers very high leverage up to 1:2000 and CopyFX social trading. Cent accounts available for beginners.

Forex spread classUltra-Low

Minimum depositPKR 2,800

Inactivity fee$0

Currency pairs40

Deposit methodsBank Transfer, Skrill, Crypto

Withdrawal fee$0

Visit Broker Read review

FBS

Read Review

Recommended

Low minimum deposit PKR 280.

4.0/5App Score

FBS offers one of the lowest minimum deposits at PKR 280 (~$1). High leverage up to 1:3000 and cent accounts available.

Forex spread classStandard

Minimum depositPKR 280

Inactivity fee$0

Currency pairs37

Deposit methodsBank Transfer, Skrill, Perfect Money

Withdrawal fee$0

Visit Broker Read review

AvaTrade

Read Review

Recommended

Multi-regulated and trusted.

4.3/5App Score

AvaTrade is multi-regulated (CBI, FCA, ASIC) with strong client protection. AvaTradeGO mobile app and copy trading available.

Forex spread classStandard

Minimum depositPKR 28,000

Inactivity fee$50/3mo

Currency pairs55

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

Visit Broker Read review

Frequently Asked Questions

Forex trading exists in a regulatory grey area in Pakistan. The SBP doesn't license forex brokers, but trading with internationally regulated brokers (FCA, CySEC, ASIC) is widely practiced. Always use well-regulated brokers for protection.

OctaFX is the main broker accepting JazzCash deposits for Pakistani traders. OctaFX also accepts Easypaisa. Processing is usually instant with zero fees.

Yes! OctaFX accepts Easypaisa deposits and withdrawals for Pakistani traders. This makes forex trading accessible even without a bank account.

To deposit PKR: 1) Login to your broker, 2) Select JazzCash/Easypaisa (OctaFX) or Bank Transfer/Skrill (Exness, XM), 3) Enter amount in PKR, 4) Complete payment. Most deposits are processed instantly.

Yes, but with limitations due to SBP restrictions on foreign currency. Most traders withdraw via Skrill, Neteller, or crypto, then convert locally. Exness offers instant withdrawals.

Minimum deposits vary: FBS accepts PKR 280 (~$1), XM accepts PKR 1,400, Exness/HFM have zero minimum. We recommend starting with at least PKR 5,000-10,000 for proper risk management.

FBS has the lowest minimum at just PKR 280 (about $1). Exness and HFM have zero minimum deposit requirements. XM follows with PKR 1,400 minimum.

Yes! With PKR 1,000 (about $4), you can open accounts with FBS, Exness, or HFM. For proper risk management, we recommend starting with at least PKR 5,000-10,000.

Yes! All major brokers offer swap-free Islamic accounts for Pakistani Muslim traders including Exness, XM, HFM, OctaFX, FXTM, and FBS. These accounts comply with Shariah law.

Forex trading can be halal if done through Islamic/swap-free accounts that don't charge overnight interest. Most brokers serving Pakistan offer Shariah-compliant accounts. Consult a religious scholar for guidance.

To start forex trading in Pakistan: 1) Learn basics through free courses, 2) Choose a regulated broker like Exness or XM, 3) Open a demo account to practice, 4) Deposit via Skrill or JazzCash (PKR 2,000-5,000), 5) Start with EUR/USD. XM offers excellent education.

The best forex apps for Pakistani traders are MT4 and MT5 (from all major brokers), the Exness Trader app, OctaFX app (with JazzCash), and XM app. These work well on Pakistani mobile networks.

Exness and IC Markets offer the best MT4 experience in Pakistan with fast execution and full EA support. XM and HFM also provide reliable MT4 with good spreads.

Yes! All major brokers offer MT5 in Pakistan including Exness, XM, HFM, FXTM, and OctaFX. MT5 has more timeframes, order types, and a built-in economic calendar.

Exness, HFM, and RoboForex have the lowest spreads in Pakistan with EUR/USD from 0.0 pips on Raw/Pro accounts. These accounts charge a small commission per lot traded.

The London session (1:00 PM - 10:00 PM PKT) and New York session (6:30 PM - 3:00 AM PKT) offer best liquidity. The London-New York overlap (6:30 PM - 10:00 PM PKT) is optimal for EUR/USD and GBP/USD.

FXTM Invest, HFM's HFCopy, and RoboForex CopyFX are the best copy trading platforms for Pakistani traders. OctaFX also offers copy trading features.

Why Trust BrokerAnalysis?

Our reviews are built using verified broker data, regulatory records, and hands-on testing. Rankings are updated regularly and are not influenced by paid placements.

Our Methodology Meet Our Team

Related Broker Categories

View All Categories

Low Deposit Brokers Pakistan

Brokers with deposits from ₨300. JazzCash, Easypaisa support.

Forex Brokers Pakistan for Beginners

Best beginner-friendly brokers with Urdu support.

Islamic Forex Accounts Pakistan

Swap-free halal forex accounts for Pakistani Muslim traders.

Best MT4 Brokers

Top brokers offering MetaTrader 4 platform.

Best Copy Trading Brokers

Copy successful traders automatically.

Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

Affiliate Disclosure:

BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026

Trading Styles

Execution Model

Platform & Asset

Spreads & Costs

Features & Safety

Top 8 Brokers for Pakistani Traders in 2026