Best Day Trading Platforms and Brokers in Pakistan 2024
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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 10 Platforms For Day Trading In Pakistan
Following our tests, these are the top 10 platforms for day trading in Pakistan:
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1AvaTrade20% Welcome Bonus up to $10,000
Ratings
$1000.01 Lots1:30 (Retail) 1:400 (Pro)ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, FuturesWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTradeSkrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, BoletoUSD, EUR, GBP, CAD, AUD -
2Exness
Ratings
$100.01 Lots1:2000FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoExness Trade App, MT4, MT5, TradingCentralWire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, BoletoUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR -
3RoboForex$30 No Deposit BonusRoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Ratings
$100.01 Lots1:2000IFSCCFDs, Forex, Stocks, Indices, Commodities, ETFs, FuturesR StocksTrader, MT4, MT5, TradingViewVisa, iDeal, Trustly, Neteller, Skrill, Giropay, Sofort, Wire Transfer, Rapid Transfer, Alipay, POLi, Perfect Money, MoneyGram, Cashu, SafeCharge, WeChat Pay, Vietcombank Transfer, Volet, ecoPayz, AstroPayUSD, EUR -
4Expert Option100% deposit bonus
Ratings
$10$1N/ASVGFSAOptions, Stocks, Commodities, Forex, Crypto, Futures,Expert Option Web PlatformVisa, Skrill, Neteller, FasaPay, Mastercard, UnionPay, WebMoney, Wire Transfer, Perfect Money, Bitcoin Payments, Maestro, M-Pesa, FlutterwaveUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, AED -
5IC Markets
Ratings
$2000.01 Lots1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)ASIC, CySEC, FSA, CMACFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, CryptoMT4, MT5, cTrader, TradingView, TradingCentral, DupliTradePayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeChargeUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
6Deriv.com
Ratings
$50.01 Lots1:1000MFSA, LFSA, VFSC, BFSCCFDs, Multipliers, Forex, Stocks, Indices, CommoditiesDeriv Trader, MT5Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCashUSD, EUR, GBP, AUD -
7PepperstoneCFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Ratings
$00.01 Lots1:30 (Retail), 1:500 (Pro)FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCBCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread BettingMT4, MT5, cTrader, TradingView, AutoChartist, DupliTradeVisa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, SkrillUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
8XM$30 No Deposit Bonus When You Register A Real Account
Ratings
$50.01 Lots1:1000ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMFForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, FuturesMT4, MT5Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-PesaUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF -
9Eightcap
Ratings
$1000.01 Lots1:500ASIC, FCA, CySEC, SCB, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoMT4, MT5, TradingViewNeteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX PaymentUSD, EUR, GBP, CAD, AUD, NZD, SGD -
10DNA Markets
Ratings
$1000.01 Lots1:500ASICCFDs, Forex, Indices, Commodities, Stocks, CryptoMT4, MT5Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, MastercardUSD, EUR, GBP, CAD, AUD, NZD, SGD
Here is a short overview of each broker's pros and cons
- 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, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
- Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 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.
- 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.
- 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.
- IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
- 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.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
- XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
- Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 1,000+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- DNA Markets - DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.
Best Day Trading Platforms and Brokers in Pakistan 2024 Comparison
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."
Jemma Grist, Reviewer
AvaTrade Quick Facts
Bonus Offer | 20% Welcome Bonus up to $10,000 |
---|---|
Demo Account | Yes |
Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM |
Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail) 1:400 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
- The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
- Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
Cons
- It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- Traders from the US are not accepted
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."
Tobias Robinson, Reviewer
Exness Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Regulator | FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV |
Platforms | Exness Trade App, MT4, MT5, TradingCentral |
Minimum Deposit | $10 |
Minimum Trade | 0.01 Lots |
Leverage | 1:2000 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR |
Pros
- Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
- Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
- There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
Cons
- There are no promotional deals or loyalty schemes for high-volume day traders
- Unlike most competitors, Exness doesn't provide its own education section
- There are several regional restrictions for retail traders including the USA, Europe and the UK
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."
Christian Harris, Reviewer
RoboForex Quick Facts
Bonus Offer | $30 No Deposit Bonus |
---|---|
Demo Account | Yes |
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 |
Account Currencies | USD, EUR |
Pros
- 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.
- RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
- The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
Cons
- 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.
- While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
- 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.
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."
Tobias Robinson, Reviewer
Expert Option Quick Facts
Bonus Offer | 100% deposit bonus |
---|---|
Demo Account | Yes |
Instruments | Options, Stocks, Commodities, Forex, Crypto, Futures, |
Regulator | SVGFSA |
Platforms | Expert Option Web Platform |
Minimum Deposit | $10 |
Minimum Trade | $1 |
Leverage | N/A |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, AED |
Pros
- The diverse range of account currencies and 20+ accepted payment methods allow for flexible funding
- The broker offers an easy to use, beginner-friendly proprietary trading platform with 4 chart types and social trading features
- There's a decent range of educational resources, including trading strategies, webinars and platform tutorials
Cons
- There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors
- The SVGFSA is a weak financial regulator with limited safeguarding measures
- Expert Option isn't available in several countries, including the EU, Australia and the US
IC Markets
"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Christian Harris, Reviewer
IC Markets Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
Regulator | ASIC, CySEC, FSA, CMA |
Platforms | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade |
Minimum Deposit | $200 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
- IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
Cons
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
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. "
Jemma Grist, Reviewer
Deriv.com Quick Facts
Demo Account | Yes |
---|---|
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 |
Account Currencies | USD, EUR, GBP, AUD |
Pros
- Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
- Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
- The low $5 minimum initial deposit suits those on a lower budget
Cons
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
- There's no loyalty program or rebate scheme for high volume traders
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Christian Harris, Reviewer
Pepperstone Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
Regulator | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
- Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.
- There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.
Cons
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
XM
"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."
William Berg, Reviewer
XM Quick Facts
Bonus Offer | $30 No Deposit Bonus When You Register A Real Account |
---|---|
Demo Account | Yes |
Instruments | Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures |
Regulator | ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF |
Platforms | MT4, MT5 |
Minimum Deposit | $5 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF |
Pros
- Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins
- The broker offers premium research including market sentiment, fundamental insights and strategy builders
- XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
Cons
- There is weak regulatory oversight through the global entity
- PayPal deposits are not supported
- There's $5 inactivity fee after only 3 months, though this won't affect active traders
Eightcap
"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."
Christian Harris, Reviewer
Eightcap Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Regulator | ASIC, FCA, CySEC, SCB, CNMV |
Platforms | MT4, MT5, TradingView |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
- Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
Cons
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
DNA Markets
"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "
Jemma Grist, Reviewer
DNA Markets Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Indices, Commodities, Stocks, Crypto |
Regulator | ASIC |
Platforms | MT4, MT5 |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)
- You can access low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees
- DNA Markets offers top-rate platforms and charting tools for day traders with access to MT4 and MT5
Cons
- Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution
- Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage
- Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go
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. If you do choose an overseas broker, make sure you continue to follow the SECP’s regulations and local tax rules in Pakistan.
- AvaTrade continues to offer one of the most regulated environments for day traders, with top-tier licenses in major regions, including the Middle East. The firm also boasts a stellar reputation spanning 15+ years and offers a bespoke risk management feature, AvaProtect.
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).
![eToro day trading platform in Pakistan showing ETFs available](https://www.daytrading.com/wp-content/uploads/2024/03/Best-Day-Trading-Brokers-In-Pakistan-eToro-Markets.webp)
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.
- eToro is a great choice for day traders looking for excellent market access. Pakistani traders can explore all major asset classes including 50+ currency pairs, 4,500+ stocks from a range of global exchanges, including Saudi Arabia, plus hundreds of ETFs including regional favorites like the iShares MSCI India ETF.
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.
- Exness is one of the few brokers to support PKR as a base currency, helping to minimize conversion fees for Pakistani traders. Additionally, there are no account maintenance or deposit fees, and spreads remain competitive starting at 0.0 pips on major assets like EUR/USD.
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.
- IC Markets offers some of the fastest execution speeds in the industry, hitting as low as 35 milliseconds and powered by institutional-grade fibre-optic connections between data servers.
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.
![R Stocks Trader platform at RoboForex, showing EURUSD and crude oil charts](https://www.daytrading.com/wp-content/uploads/2024/03/Day-trading-brokers-Pakistan-RoboForex-platform-1024x444.png)
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.
- RoboForex offers a superb suite of trading platforms, tailored to beginners and advanced day traders. The firm offers industry favorites, MT4 and MT5, plus an intuitive proprietary stock trading solution, R Stocks Trader, as well as a copy trading tool.
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.
- Pepperstone’s transparent leverage and margin requirements help day traders understand the upfront capital required, plus margin call and stop-out levels. Retail traders can access leverage up to 1:30 on major assets, such as key currency pairs.
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:
- We verified that each platform is authorized by a trusted regulator, if not the SECP then another body.
- We ensured the platform offers a wide range of global markets for short-term trading.
- We prioritized brokers with competitive trading and non-trading fees.
- We checked that the broker delivers reliable charting platforms for short-term market analysis.
- We favored brokers with transparent leverage and margin requirements.
- We picked day trading platforms with convenient deposits in Pakistani Rupees and an accessible minimum investment.
- We prioritized brokers with reliable order executions for fast-paced day traders.
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. It’s still important to follow the SECP’s regulations and local tax rules in Pakistan.
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.
Recommended Reading
Article Sources
- Securities and Exchange Commission of Pakistan (SECP)
- Pakistan Stock Exchange Limited (PSX)
- iShares MSCI India ETF - iShares
- Pakistan Tobacco Co Ltd (PAKT) - PSX
- Pakistan Petroleum Ltd (PPL) - PSX
- Pakistani Online Trading Scam - Arab News
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