Forex, also identified as foreign trade or FX trading, is the exchange of one money into another. It is one of the common actively exchanged markets in the world, with an average everyday trading amount of five trillion dollars. Foreign trade is the method of converting one currency into another currency for a variety of purposes, normally for commerce, trading, or tourism. Currencies are essential because enabling the purchase of things and services locally and beyond borders. Foreign currencies require to be exchanged to conduct international trade and business.
Choose a Best MT4 Broker in Pakistan:
Trading forex (currencies) in Pakistan is common amongst citizens. While suggested, forex brokers are not needed to become authorized by the Securities and Exchange Commission of Pakistan (SECP) to accept citizens of Pakistan as clients. The Securities and Exchange Board of Pakistan is the economic administrative body in Pakistan.
Best MT4 Forex Brokers in Pakistan:
To find the best mt4 brokers in Pakistan, we generated a list of all agents that list Pakistan as a country they acquire new clients from. We then listed brokers by their Overall ranking. Here is our list of the best forex brokers in Pakistan.
- IG – Best overall broker 2021, most granted
- Saxo Bank – Best for analysis, trusted global trademark
- Interactive Brokers – Great for experts and organizations
- XM Group – Well-rounded offering
- IC Markets – Best MetaTrader Broker 2021
- Tickmill – Best overall broker for low costs
Proposing Best MT4 Brokers in Pakistan for Forex Trading:
XM:
XM is one of the best mt4 broker in Pakistan. The agent has managed to get a variety of prizes including that of the “best broker in Australasia”. They have got similar prizes for the Europe and MENA regions.
When it comes to accounts and XM swap-free accounts in precise, you will be presented with a variety of options. These comprise a sum of 6 Islamic accounts that are available. Everything from the XM Zero Spread Account, to their micro trading account, and stock trading account is available as Islamic accounts.
The XM lowest deposit on these account types starts from a glorious amount of five dollars and ranges up to 100 dollars with the XM Shares account being available just with a minimum of 10,000 dollars deposit.
When we examine spreads on these records, we noticed that they begin from 0 pips and that both MT4 and MT5 trading platforms were available. Trading requirements remain the same for XM accounts in that there are no supplementary margins, commissions, or increased spreads.
FBS:
FBS is a topmost forex agent that has great fame, especially for new traders. FBS is one of the most trustworthy and best mt4 broker in Pakistan They present a total of 5 swap-free accounts and so, are well-equipped in this regard. Included in these account types are both a micro trading Cent Account, and an ECN account that is only feasible outside Europe.
The FBS least deposit for businesspeople within Europe is a great value ten dollars. If you are outside Europe, this decreases to just one dollar. It is also usually thought to be the most suitable agent for Indonesian traders. This is due to the point they can direct deposit in IDR currency and initiate a fixed conversion price of 10,000 IDR to 1 USD.
The FBS spread starts from 0 pips with prime trading platforms MT4 and MT5 both available. Trading requirements also remain broadly identical for Islamic accounts with FBS. This means no extra mark-ups or higher ranges. There are still management charges if you keep a position open for more than two days.
Pepperstone:
Pepperstone is still another prize-winning agent to make our listing. They have freshly won the Best ECN Broker honor award at the global Forex awards of 2019. They also allow a great selection for you as an Islamic tradesman.
There are two swap-free accounts available that would be fit for Islamic traders. These are the standard and ECN Razor account types that can be opened with a Pepperstone least deposit of 200 dollars.
Spreads on these forex trading accounts begin from 0 pips with the most solid in trading platforms available like MT4, MT5, and cTrader. You will also be happy to acknowledge that the trading requirements with Pepperstone all remain identical for Islamic trading as they do for forex trading. There are no extra mark-ups, spreads, or fees. Pepperstone is well-managed by both ASIC and the FCA in the UK with EUR, USD, GBP, and more currencies available as your home currency.
Vantage FX:
Vantage FX gives two swap-free accounts through either their standard or raw ECN account types to those preferring to start an Islamic account. Deposits on these account types begin from 200 dollars for a standard account and 500 dollars least deposit for dealing through a Vantage FX ECN account.
Spreads on these accounts competing for forex dealers and begin from 0 pips with dealing available through MT4, MT5, and Webtrader.
IC Markets:
Staying in the style of established agents who are also top of the most reliable MT4 forex agents, we have IC Markets. As we reported in our IC Markets review, they give MT4 to users who run a standard account or a Metatrader True ECN account.
Spreads from 0 pips and dealing in more than 60 currency pairs is available to dealers utilizing IC Markets as their MT4 forex agent.
IC Markets are also a very famous option for new businesspeople. Thanks to the reality that they do not require the least deposit. Skilled dealers alike are drawn to them for their distinguished high-speed order execution. Something for every forex trader at IC Markets.
FxPro:
Following on our listing of the best MT4 forex brokers in Pakistan is FxPro. They are a top, prize-winning agent and well-managed throughout the world, including by CySEC. Our FxPro survey noted that they give numerous trading platforms including their exclusive one, but they maintain a commitment to being amongst the best MT4 forex brokers in Pakistan.
The long-standing quality of both MT4 and FxPro makes them the flawless union for any dealer who values fast and secure order accomplishment from a top agent. FxPro gives MT4 in all of its modes. This includes desktop, mobile, and web-based which is simply accessible to millions of dealers.
You can get started at FXPro for as little as a one hundred dollars least deposit and the agent helps both fixed and variable spreads through MT4.
Tips to choose best MT4 broker
There is no hard and fast rule to pin point the best mt4 broker in Pakistan but some tips can be followed, that are mentioned below:
- Check for the regulatory compliance and reputation of the broker.
- Consider and compare different account features and pick the features of your interest.
- Check the currency pairs offered by the broker and choose the rich currency.
- Also keep in mind the customer services offered by the broker.
- Go for a well designed and easy to use trading platform.
Are you still confused about which broker you should choose? Check the comparison and features again and pick the broker of your interest.
According to google trends and other sources meta trader 4 is high in demand as trend of forex trading is growing now a days. If someone is interested in forex trading, it’s the right time to step in as it is a global market where you can trade 24 hours. It’s good for beginners because of its high liquidity.