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Indus Review
62 brokers measured26 pricedmedian 6.75 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 03.10.2026

Swap-free brokers in Pakistan

Key facts (6 · 48 of 62)

In this ranking
48 of 62
Ranked on all axes
14 of 48
Round turn, USD · Median
6.75 USD
Min deposit, USD · Median
10.0 USD
Max leverage
1000.0geo
Withdrawal, h · Median
24.0 h

Top picks (3 / 14 of 48)

1. HFM

Score 4.04 · Round turn, USD 6.0 USD

Read the review

2. FBS

Score 3.96 · Round turn, USD 6.0 USD

Read the review

3. BDSwiss

Score 3.93 · Round turn, USD 5.0 USD

Read the review

Full list (48)

Sorted by computed score, highest first. Unscored brokers follow.
Showing 48 of 62 brokers that onboard Pakistan residents.
BrokerScoreRound turn, USDMin deposit, USDMax leverageWithdrawal, hOnboarding entity
HFM4.046.0no data2000.0geo24.0HF Markets (SV) Ltd
FBS3.966.0no data3000.0geo24.0FBS Markets Inc
BDSwiss3.935.010.0geo2000.0geo24.0Pakistani clients are onboarded under th
AvaTrade3.939.0no data400.0geo24.0Ava Trade Markets Ltd
Pepperstone3.918.0no data200.0geo24.0Pepperstone Markets Ltd
Admirals3.915.025.0geo500.0geo3.0Admirals SC Ltd
FP Marketsno data6.5100.0geo500.0geo24.0FP Markets LLC
Trade Nation3.866.00.0geo200.0geo24.0Trade Nation Ltd
Axi3.777.0no data500.0geo48.0Onboarded to offshore AxiTrader LLC / Ax
Moneta Markets3.712.050.0geo1000.0geo24.0Moneta Markets Ltd
VT Markets3.76.0no data500.0geo72.0Served via offshore VT Markets LLC (SVG)
FreshForex3.693.010.0geo2000.0geo0.16666666666666666Riston Capital Ltd
BlackBull Marketsno data6.00.0geo500.0geo72.0BBG Limited
JustMarketsno datanot pricedno data3000.0geo0.016666666666666666Just Global Markets Ltd
TMGM3.67.0no data1000.0geo48.0Trademax Global Ltd
Capital.comno datanot pricedno data200.0geo24.0Pakistani clients are served under the o
NordFXno datanot pricedno data1000.0geono dataOffshore NordFX LTD (Saint Lucia); no Pa
Exinity3.5115.0no data2000.0geo24.0Exinity Limited
HYCM3.55.0no data500.0geo1.0HYCM Ltd
JS Global Capitalno datanot pricedno datano datano dataJS Global Capital Limited, incorporated
XMno data7.05.0geo1000.0geo120.0XM Global Limited
Vantageno data6.0no data500.0geo120.0Pakistani retail clients are onboarded b
ThinkMarketsno datanot pricedno data500.0geo24.0TF Global Markets Int Ltd
Plus500no datanot pricedno datano data72.0Not applicable - Plus500 does not accept
FXGTno datanot pricedno data5000.0geono dataGT Global Ltd
OctaFXno data16.0no datano datano dataOcta Markets Ltd
FXTMno datanot pricedno data2000.0geo24.0Exinity Ltd
Grand Capitalno datanot priced10.0geo500.0geo72.0Grand Capital Ltd
Fusion Marketsno datanot pricedno data500.0geono dataPakistani retail clients are onboarded u
LiteFinanceno datanot pricedno data1000.0geono dataLiteFinance Global LLC
RoboForexno datanot pricedno data2000.0geono dataRoboForex Ltd
Weltradeno datanot priced1.0geo2000.0geono dataWeltrade Ltd
InstaForexno datanot priced1.0geo1000.0geo7.0Instant Trading Ltd
AKD Securitiesno datanot pricedno datano datano dataAKD Securities Limited (formerly BIPL Se
Abbasi and Companyno datanot pricedno datano datano dataAbbasi and Company (Private) Limited (AC
Alfalah CLSA Securitiesno datanot pricedno datano datano dataof Bank Alfalah Limited
Arif Habib Limitedno datanot pricedno datano datano dataArif Habib Limited
BMA Capitalno datanot pricedno datano datano dataBMA Capital Management Limited
IGI Finex Securitiesno datanot pricedno datano datano dataIGI Finex Securities Limited (brand: IGI
Intermarket Securitiesno datanot pricedno datano data48.0Intermarket Securities Limited
KTradeno datanot pricedno datano datano dataKASB Securities Limited
Next Capitalno datanot pricedno datano datano dataNext Capital Limited
SCS Tradeno datanot pricedno datano data0.0Standard Capital Securities (Pvt.) Ltd,
Topline Securitiesno datanot pricedno datano datano dataTopline Securities Limited
Darson Securitiesno datanot pricedno datano datano dataDarson Securities Limited
Foundation Securitiesno datanot pricedno datano datano dataFoundation Securities (Private) Limited
Optimus Capitalno datanot pricedno datano data24.0Optimus Capital Management (Private) Lim
Sherman Securitiesno datanot pricedno datano datano dataSherman Securities (Private) Limited

How wide the range is in Pakistan

Round-turn cost, USD (26 of 62)

Median 6.75 · Range 3.0–16.0 USD

Minimum deposit, USD (11 of 62)

Median 10.0 · Range 0.0–100.0 USD

Retail leverage (33 of 62)

Median 1000.0 · Range 50.0–5000.0 1:x

Withdrawal time, hours (35 of 62)

Median 24.0 · Range 0.0–240.0 h

How to choose (5)

  1. Check the entity in the last column: Pakistan residents are onboarded by a local entity at some of these brokers and by an offshore one at others.
  2. Compare the round turn against the median of 6.75 USD, measured on 26 of 62 brokers rather than on the whole base.
  3. Treat a blank as a blank: 34 of 48 brokers here are missing at least one axis and are listed without a score.
  4. Read the leverage column with its marker: a figure the country's regulator did not set belongs to the broker's group, not to this country.
  5. Open the licence number on the broker page and check it in the register before funding.

Related rankings (6)

Methodology

2 + 3 × weighted mean of six axes. A broker enters this ranking only with a review rating and a round-turn price; others are listed with their score withheld.

Methodology

FAQ (4)

How many brokers are in this ranking?

48 of 62 of the 62 brokers in our Pakistan base, and 14 of 48 of them are measured on all six axes.

How is the order decided?

By the computed score: 2 + 3 × the weighted mean of six axes. A broker without a review rating or without a round-turn price is listed but not ranked.

Which broker leads swap-free brokers in pakistan?

HFM with 4.04 of 5 and a round turn of 6.0 USD.

What does trading cost in Pakistan on average?

The median round turn on one EURUSD lot is 6.75 USD, measured on 26 of 62 brokers.