Best forex brokers for beginners in Pakistan in 2022

Capital.com
4.7
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79.17% of retail CFD accounts lose money
Saxo Bank
4.8
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IG
4.4
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75% of retail CFD accounts lose money
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Best forex brokers for beginners in Pakistan in 2022
Capital.com logo
Saxo Bank logo
IG logo
Interactive Brokers logo
ActivTrades logo

To help you find the best forex brokers for beginners in Pakistan in 2022, we first looked at 101 online brokers; then we checked and compared their fees, currency pair selection, charting tools and educational materials.

Our top 5 picks for the best forex brokers for beginners in Pakistan in 2022:

  1. Capital.com is the winner, the best forex broker for beginners in Pakistan in 2022. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  2. Saxo Bank takes second place. Great trading platform. Outstanding research. Broad product portfolio.
  3. IG rounds out the top three. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
  4. Interactive Brokers is ranked fourth. Low trading fees. Wide range of products. Many great research tools.
  5. ActivTrades just made it on the list, taking the number five spot. Low trading fees. Excellent account opening. Free deposit and withdrawal.
Best forex brokers for beginners in 2022 for Pakistani citizens
Broker Info Minimum deposit Forex fee score
#1 Capital.com Global CFD broker $20 3.7 stars
#2 Saxo Bank Danish investment bank $2,000 4.2 stars
#3 IG Global CFD and forex broker $0 1.8 stars
#4 Interactive Brokers International broker providing all asset classes $0 3.3 stars
#5 ActivTrades Global CFD and forex broker $500 4.2 stars

What makes a top forex broker for beginners?

  • First of all, fair forex fees.
  • A lot of currency pairs.
  • A great platform with advanced charting.
  • Educational tools to guide you through the basics of trading.


If you're a beginner, be careful with forex trading as forex products are complex and risky, therefore not suitable for everyone. You can easily lose all your invested money. If you don't know how forex trading works, take a look at our forex education articles.

If you feel a bit more comfortable with forex trading, we suggest you also check out our overall list of the best forex brokers.

And now, let's see the top forex brokers for beginners in 2022 for Pakistani citizens one by one, starting with the winner, Capital.com.

Capital.com Logo

#1 Best forex brokers for beginners
Capital.com

4.7

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

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79.17% of retail CFD accounts lose money

#1 Capital.com
Fees

Capital.com has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Capital.com trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
EURUSD benchmark fee $8.7 $7.1 $16.1 $10.4 $6.9
GBPUSD benchmark fee $6.6 $5.5 $9.4 $8.3 $4.9
AUDUSD benchmark fee $6.1 $5.7 $11.4 $7.9 $6.7
EURCHF benchmark fee $9.6 $5.1 $9.6 $7.5 $5.1
EURGBP benchmark fee $10.9 $8.7 $17.8 $10.7 $8.7

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

Capital.com non-trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Account fee No No No No No
Inactivity fee No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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79.17% of retail CFD accounts lose money

#1 Capital.com
Markets and products

Capital.com gives access to 138 currency pairs.
Capital.com currency pairs
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Currency pairs (#) 138 182 205 105 49

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79.17% of retail CFD accounts lose money

Saxo Bank Logo

#2 Best forex brokers for beginners
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Being regulated by top-tier financial authorities, and having a long track record and a banking background, are all good signs for Saxo Bank's safety.

HEADS UP: Recent issues with account opening - Saxo Bank seems to have a delay in sending you a crucial URL to start your account opening. For more info, see Saxo Bank account opening issues in the review's Account opening chapter. If you'd like to open an account regardless, click here to read about Saxo Bank alternatives.

Recommended for investors and traders looking for a great trading platform and solid research

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#2 Saxo Bank
Fees

Saxo Bank has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Saxo Bank trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
EURUSD benchmark fee $8.7 $7.1 $16.1 $10.4 $6.9
GBPUSD benchmark fee $6.6 $5.5 $9.4 $8.3 $4.9
AUDUSD benchmark fee $6.1 $5.7 $11.4 $7.9 $6.7
EURCHF benchmark fee $9.6 $5.1 $9.6 $7.5 $5.1
EURGBP benchmark fee $10.9 $8.7 $17.8 $10.7 $8.7

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

Saxo Bank non-trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Account fee No No No No No
Inactivity fee No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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#2 Saxo Bank
Markets and products

Saxo Bank gives access to 182 currency pairs.
Saxo Bank currency pairs
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Currency pairs (#) 138 182 205 105 49

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IG Logo

#3 Best forex brokers for beginners
IG

4.4

IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders of any experience level looking for an easy-to-use trading platform

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75% of retail CFD accounts lose money

#3 IG
Fees

IG has high fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

IG trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
EURUSD benchmark fee $8.7 $7.1 $16.1 $10.4 $6.9
GBPUSD benchmark fee $6.6 $5.5 $9.4 $8.3 $4.9
AUDUSD benchmark fee $6.1 $5.7 $11.4 $7.9 $6.7
EURCHF benchmark fee $9.6 $5.1 $9.6 $7.5 $5.1
EURGBP benchmark fee $10.9 $8.7 $17.8 $10.7 $8.7

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

IG non-trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Account fee No No No No No
Inactivity fee No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
75% of retail CFD accounts lose money

#3 IG
Markets and products

IG gives access to 205 currency pairs.
IG currency pairs
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Currency pairs (#) 138 182 205 105 49

Visit broker More
75% of retail CFD accounts lose money

Interactive Brokers Logo

#4 Best forex brokers for beginners
Interactive Brokers

4.9

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Interactive Brokers recently launched a new app for global stock trading: read our review of IBKR GlobalTrader.

In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

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#4 Interactive Brokers
Fees

Interactive Brokers has average fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Interactive Brokers trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
EURUSD benchmark fee $8.7 $7.1 $16.1 $10.4 $6.9
GBPUSD benchmark fee $6.6 $5.5 $9.4 $8.3 $4.9
AUDUSD benchmark fee $6.1 $5.7 $11.4 $7.9 $6.7
EURCHF benchmark fee $9.6 $5.1 $9.6 $7.5 $5.1
EURGBP benchmark fee $10.9 $8.7 $17.8 $10.7 $8.7

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

Interactive Brokers non-trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Account fee No No No No No
Inactivity fee No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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#4 Interactive Brokers
Markets and products

Interactive Brokers gives access to 105 currency pairs.
Interactive Brokers currency pairs
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Currency pairs (#) 138 182 205 105 49

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ActivTrades Logo

#5 Best forex brokers for beginners
ActivTrades

4.6

ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and Commission de Surveillance du Secteur Financier (CSSF)

ActivTrades is considered safe because it has a long track record and it is regulated by the FCA, a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions

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65% of retail CFD accounts lose money

#5 ActivTrades
Fees

ActivTrades has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

ActivTrades trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
EURUSD benchmark fee $8.7 $7.1 $16.1 $10.4 $6.9
GBPUSD benchmark fee $6.6 $5.5 $9.4 $8.3 $4.9
AUDUSD benchmark fee $6.1 $5.7 $11.4 $7.9 $6.7
EURCHF benchmark fee $9.6 $5.1 $9.6 $7.5 $5.1
EURGBP benchmark fee $10.9 $8.7 $17.8 $10.7 $8.7

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

ActivTrades non-trading fees
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Account fee No No No No No
Inactivity fee No Yes Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
65% of retail CFD accounts lose money

#5 ActivTrades
Markets and products

ActivTrades gives access to 49 currency pairs.
ActivTrades currency pairs
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Currency pairs (#) 138 182 205 105 49

Visit broker More
65% of retail CFD accounts lose money

Best forex brokers for beginners
Forex broker fees

Forex brokers can charge commissions, spreads and financing fees.

When it comes to commissions, there are two different fee structures forex brokers normally use:

  1. All trading fees are included in the spread except the financing rate. Basically, think of it as the broker giving you a wider spread than it gets from the market.
  2. You get the market spread, but you pay a commission based on the traded amount. This model is usually used by ECN brokers.

The second version is more transparent, but this doesn't always mean it's more expensive.

When you trade forex on leverage and hold your position overnight, a fee will be charged. This is called financing cost. Financing costs change daily, and can add up if you hold your positions for a longer period.

Best forex brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are the top forex brokers for beginners in 2022 for citizens in Pakistan:

Top forex brokers for beginners in 2022 for Pakistani citizens
Capital.com Saxo Bank IG Interactive Brokers ActivTrades
Fees score 4.4 stars 3.3 stars 2.9 stars 4.5 stars 4.5 stars
Markets and products score 3.1 stars 5.0 stars 3.5 stars 5.0 stars 1.5 stars
Education score 5.0 stars 4.5 stars 5.0 stars 4.5 stars 5.0 stars
Charting quality High High High High High
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79.17% of retail CFD accounts lose money
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75% of retail CFD accounts lose money
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65% of retail CFD accounts lose money

Capital.com is our winner, the best forex broker for beginners for Pakistani citizens in 2022. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.

If you know enough about forex trading and are comfortable with possible risks, pick your favourite and take the next step in your trading journey. Let us know what you think in the comments section.

Still unsure? Use our broker finder to pick the best broker for you.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Visit Capital.com
79.17% of retail CFD accounts lose money
Visit IG
75% of retail CFD accounts lose money
Visit ActivTrades
65% of retail CFD accounts lose money
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