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Best Day Trading Platforms and Brokers in Pakistan 2024

Written By

Jemma Grist

Written By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Fact Checked By

James Barra

Fact Checked By

James Barra

James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Updated

Mar 26, 2024

The best day trading platforms in Pakistan offer a wide range of global markets, convenient deposits in Pakistani Rupees, and are trusted. Explore our list of the best day trading brokers in Pakistan. Our experts have taken into account critical factors for day traders such as pricing, charting platforms and execution quality.

Top 5 Platforms For Day Trading In Pakistan

Following our tests, these are the top 5 platforms for day trading in Pakistan:

1. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
2. Exness - Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software.
3. RoboForex - RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
4. Expert Option - Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly day trading platform is clear and reliable.
5. Deriv.com - Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock.

Best Day Trading Platforms and Brokers in Pakistan 2024 Comparison

Best Day Trading Platforms and Brokers in Pakistan 2024 Comparison

Broker	Minimum Deposit	Markets	Platforms	Leverage	Regulators	Visit
	$100	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade	1:30 (Retail) 1:400 (Pro)	ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM	Visit
	$10	CFDs, Forex, Stocks, Indices, Commodities, Crypto	Exness Trade App, MT4, MT5, TradingCentral	1:2000	FSA, CySEC, FCA, FSCA, FSC, CBCS	Visit
	$10	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures	R StocksTrader, MT4, MT5, TradingView	1:2000	IFSC	Visit
	$10	Options, Stocks, Commodities, Forex, Crypto, Futures,	Expert Option Web Platform	N/A	SVGFSA	Visit
	$5	CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Deriv Trader, MT5	1:1000	MFSA, LFSA, VFSC, BFSC	Visit
	$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade	1:30 (Retail), 1:500 (Pro)	FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB	Visit
	$5	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	MT4, MT5	1:1000	ASIC, CySEC, DFSA, FSC, FSCA	Visit
	$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	ASIC, CySEC, FSA	Visit
	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, TradingView	1:500	ASIC, FCA, xCySEC, SCB	Visit
	$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	1:500	ASIC	Visit
	$50	CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs	eToro Web, CopyTrader, TradingCentral	-	FCA, ASIC, CySEC, FSA, FSRA, MFSA	Visit
	$1	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures	MT4, MT5	1:1000	BVI FSC	Visit
	$20	Forex, CFDs, Stocks, Indices, Commodities, Crypto	MT4	1:1000	-	Visit
	$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	1:500 (entity dependent)	FCA, ASIC, FSCA, SCB, FSA	Visit
	$100	Forex, CFDs, Stocks, Indices, Commodities and Cryptos	Skilling Trader, MT4, cTrader, TradingView	1:1000	CySEC	Visit

#1 - AvaTrade

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Review

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
• Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
• Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail) 1:400 (Pro)

Pros

• Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
• WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
• There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill

Cons

• A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
• Traders from the US are not accepted
• There is no ECN account with raw spreads

Visit AvaTrade

#2 - Exness

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Review

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
• Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
• Platforms: Exness Trade App, MT4, MT5, TradingCentral
• Minimum Deposit: $10
• Minimum Trade: 0.01 Lots
• Leverage: 1:2000

Pros

• There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
• Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
• Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business

Cons

• Unlike most competitors, Exness doesn't provide its own education section
• There are no promotional deals or loyalty schemes for high-volume day traders
• There are several regional restrictions for retail traders including the USA, Europe and the UK

Visit Exness

#3 - RoboForex

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Review

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
• Regulator: IFSC
• Platforms: R StocksTrader, MT4, MT5, TradingView
• Minimum Deposit: $10
• Minimum Trade: 0.01 Lots
• Leverage: 1:2000

Pros

• RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
• The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
• The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk.

Cons

• RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
• Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
• Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.

Visit RoboForex

#4 - Expert Option

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Review

Why We Chose Expert Option

Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders.

• Instruments: Options, Stocks, Commodities, Forex, Crypto, Futures,
• Regulator: SVGFSA
• Platforms: Expert Option Web Platform
• Minimum Deposit: $10
• Minimum Trade: $1
• Leverage: N/A

Pros

• The diverse range of account currencies and 20+ accepted payment methods allow for flexible funding
• There are no deposit and withdrawal fees which is ideal for active traders
• The analytical tools for higher-level accounts are a useful addition for experienced day traders

Cons

• Very expensive $50 dormancy fee after 3 months of no trading activity
• There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors
• Expert Option isn't available in several countries, including the EU, Australia and the US

Visit Expert Option

#5 - Deriv.com

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Review

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

• Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
• Regulator: MFSA, LFSA, VFSC, BFSC
• Platforms: Deriv Trader, MT5
• Minimum Deposit: $5
• Minimum Trade: 0.01 Lots
• Leverage: 1:1000

Pros

• The low $5 minimum initial deposit suits those on a lower budget
• Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
• Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5

Cons

• There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
• There's no loyalty program or rebate scheme for high volume traders
• The range of 100+ assets trails some competitors such as Quotex which offers 400+

Visit Deriv.com

Choosing A Day Trading Broker in Pakistan

Our selection of the best day trading brokers in Pakistan is based on years of industry experience and considers several important areas, notably:

Regulation & Trust

The top day trading platforms in Pakistan are authorized by a trusted regulator, ensuring high levels of safeguards while protecting against scams, which have impacted Pakistani traders in recent years.

Arab News reported that scammers behind the online trading firm, PSlash, swindled Rs5.6 billion from over 100,000 people in the northwest province of Khyber Pakhtunkhwa.

The regulator responsible for overseeing the country’s financial markets is the Securities and Exchange Commission of Pakistan (SECP), which requires brokers to adhere to certain rules, such as segregating client funds and submitting quarterly audits.

However, the SECP is not the most established regulator, therefore, many platforms that accept Pakistani traders are often regulated in other jurisdictions, such as Australia and parts of Europe.

Market Coverage

Finding a broker with a good selection of markets is crucial for day traders since building a diversified portfolio will help to minimize exposure to risk and maximize trading opportunities.

Despite the Pakistani Rupee (PKR) not playing a major role in the foreign exchange market, many traders in Pakistan may be looking for traditional forex day trading opportunities in popular currency pairs such as the EUR/USD.

We also look out for equities and indices from the South Asian or MENAP regions (Middle East, North Africa, Afghanistan and Pakistan), for example, major stocks listed on the Pakistan Stock Exchange (PSX).

Contracts for difference (CFDs) are among the most popular ways to make short-term trades in the financial markets. CFD day trading can be an effective way to speculate on upward and downward price movements in assets, such as Pakistani stocks, without taking direct ownership of shares.

Day Trading Fees

Frequent trades in high volumes, which is typical of day traders, can quickly increase transaction costs, which is why we prioritize platforms with low trading and non-trading fees.

Spreads and commissions, in particular, are routinely assessed by our experts using real money and demo accounts during the most popular times of the day, and across forex, commodities, stocks and cryptos, considering the preferences of different traders.

We also consider overnight fees, inactivity charges and currency conversion fees if transferring Pakistani Rupees to another account currency, which is likely given that the vast majority of day trading platforms do not support PKR as a base currency.

Execution Speed and Quality

Platforms with good execution quality are important for investors day trading in fast-moving markets, especially volatile stocks like the Pakistan Tobacco Co Ltd (PAKT).

This means low latency and reduced slippage (the time and price difference between the requested price and actual price), helping short-term traders secure desired prices.

As part of our evaluations, we verify execution speeds where possible. We consider anything below 100 milliseconds ‘fast’ for day trading.

Charting Platforms

Day traders require a reliable environment to run technical analysis and execute short-term trading strategies. Therefore, we test the platform’s charting package including technical indicators, chart styles and timeframes.

For newer traders, we’ve found proprietary platforms or mobile apps often provide a scaled-down interface and charting package for those favoring simplicity.

Extras like a pre-integrated news feed, economic calendar and market analysis are particularly valuable for day traders looking for an all-in-one solution.

Some leading solutions also come with a suite of scripts, robots and algorithms for seasoned traders, namely software like MetaTrader 4 and cTrader.

Leverage and Margin

Trading with leverage is an important aspect of day trading, allowing you to magnify potential profits using a small outlay.

For example, leverage of 1:5 on stocks in Pakistan Petroleum Ltd (PPL) would allow me to multiply my trading position and subsequent results (profits and losses) by 5.

The risk of losses is high while day trading with leverage. As such, it’s crucial to employ risk management techniques to help protect your capital, such as stop-loss orders.

Jemma Grist

Author

Methodology

To identify the top day trading brokers in Pakistan, we first determined which brokers accept Pakistani traders. We then ranked them based on an overall rating that considers critical factors, including:

FAQ

Who Regulates Day Trading Platforms In Pakistan?

The Securities and Exchange Commission of Pakistan (SECP) is the regulator which oversees the financial markets in Pakistan, including online trading platforms.

That said, the SECP is not the most respected regulator and as such, many brokers who accept Pakistani day traders are often regulated by other global authorities, such as the FCA in the UK or the ASIC in Australia.

Which Are The Best Day Trading Platforms In Pakistan?

See our list of the best day trading platforms in Pakistan to find the most suitable broker for your requirements.

All platforms have been tested by our experts and offer optimal conditions for Pakistani day traders, including a wide range of financial markets and short-term trading products, strong regulatory oversight, and convenient deposits in Pakistani Rupees.

How Much Capital Do I Need To Start Day Trading In Pakistan?

Based on our extensive analysis, most brokers in Pakistan allow day traders to open an account with 250 USD or less, around 70,000 PKR.

However, many budget-friendly day trading platforms let you start with no minimum deposit – the highest-rated in Pakistan are Pepperstone and Trade Nation.

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