Still frauds by local brokers is not uncommon and the secp is constantly taking new action to curtail their activities. Pakistan is not the most popular forex hub in the world but as a developing economy and the sixth most populous country in the world forex trading is picking up space.
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In order for a company to be registered to trade financial instruments in pakistan it should have a minimum equity capital in the amount of 20 million pakistani rupee or about 160 000 usd 10 of which should be kept as a reserve with the state bank of pakistan.
Forex brokers in pakistan. Also the company should not conduct any other business than one which it was licensed for. Pakistan like its neighbor india is not the most popular regional center for retail forex brokers and retail forex services are provided by internationally active companies. Forex in pakistan the secp securities and exchange commission of pakistan is the regulatory body in pakistan located in islamabad.
The secp allows authorized brokers to provide a maximum 110 leverage for forex trading. Here is a list of good regulated forex brokers for traders living in pakistan to open a account forex trading in pakistan for an experience and good online trading environment. This regulatory organisation has the responsibility for enforcing financial laws and overseeing pakistans capital markets including non bank finance companies brokers ! and insurance companies.
To start tradin! g in the forex market you will need a good forex broker choose one of the best forex brokers in pakistan can be difficult with all these online forex brokers. Financial regulation in pakistan for online forex and contract for difference cfd brokers falls under the auspices of the securities and exchange commission of pakistan secp. The forex market is considered the largest financial market in the world.
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