Advertisement

To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 93 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.

5 brokers made it to the top in Pakistan. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for best international online broker of 2021 for citizens in Pakistan:

  1. Interactive Brokers is the best international online broker in 2021. Low trading fees. Wide range of products. Many great research tools.
  2. Saxo Bank takes second place. Great trading platform. Outstanding research. Broad product portfolio.
  3. TradeStation Global rounds out the top three. Low stock and ETF fees. Wide range of products. Fast customer service.
  4. Zacks Trade, numero quattro. Low fees. Extensive stock and ETF selection. Great customer service.
  5. CMC Markets just made it to the list at in fifth place. Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
Best international online brokers of 2021 for citizens in Pakistan
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Saxo Bank Danish investment bank 4.8 Best forex broker
#3 TradeStation Global UK-based global stockbroker 4.6
#4 Zacks Trade US discount broker 4.4 Best broker for investing
#5 CMC Markets Global CFD and forex broker 4.6 Best forex broker for beginners

What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.

These features are easy to list, but hard to figure out. We test brokers based on more than ~300 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.

And now, let's see the best international online brokers in 2021 for citizens in Pakistan one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Pakistan
Interactive Brokers

4.9

Interactive Brokers review summary

 

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. 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).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Our overall Interactive Brokers rating

Compare this broker to the best Interactive Brokers alternative here.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

Visit broker

#1 Interactive Brokers
Fees
4.2

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros Cons
Low trading fees None
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
US stock $1.0 $10.0 $1.5 $1.0 -
UK stock $4.2 $11.2 $2.4 $16.8 -
EURUSD benchmark fee $10.7 $7.8 $10.7 - $7.9
AUDUSD benchmark fee $8.6 $6.2 $8.6 - $6.5
GBPUSD benchmark fee $8.6 $5.7 $8.6 - $5.7
S&P 500 index CFD fee $2.8 $1.4 $3.8 - $1.5
Europe 50 index CFD fee $3.1 $2.0 $4.3 - $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Visit broker More

#1 Interactive Brokers
Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Minimum deposit $0 $2,000 $1,000 $0 $0
Time to open account 1-3 days >3 days 1 day >3 days 1-3 days

Visit broker More

#1 Interactive Brokers
Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
Interactive Brokers withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
Interactive Brokers markets and products
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Funds Yes Yes Yes Yes No
Bonds Yes Yes Yes Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFDs Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

Visit broker More

#1 Interactive Brokers
Web trading platform
4.5

Interactive Brokers's web platform is simple and easy to use, even for beginners.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Pakistan - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Web platform score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 5.0 stars 3.8 stars 3.8 stars 4.5 stars
Desktop platform score 3.0 stars 5.0 stars 3.0 stars 3.0 stars 3.4 stars

Visit broker More

#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: we weren't satisfied with the level of customer service and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.2 stars
Recommended for Traders looking for low fees and a professional trading environment

Visit broker More

Saxo Bank Logo

#2 Best international online brokers for citizens in Pakistan
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 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.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

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

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

Visit broker

#2 Saxo Bank
Fees
3.3

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees High bond, options and futures fees
No withdrawal fee
Saxo Bank fees
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
US stock $1.0 $10.0 $1.5 $1.0 -
UK stock $4.2 $11.2 $2.4 $16.8 -
EURUSD benchmark fee $10.7 $7.8 $10.7 - $7.9
AUDUSD benchmark fee $8.6 $6.2 $8.6 - $6.5
GBPUSD benchmark fee $8.6 $5.7 $8.6 - $5.7
S&P 500 index CFD fee $2.8 $1.4 $3.8 - $1.5
Europe 50 index CFD fee $3.1 $2.0 $4.3 - $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Visit broker More

#2 Saxo Bank
Account opening
2.5

Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Minimum deposit $0 $2,000 $1,000 $0 $0
Time to open account 1-3 days >3 days 1 day >3 days 1-3 days

Visit broker More

#2 Saxo Bank
Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available for deposit or withdrawal
Free withdrawal
No deposit fee
Saxo Bank withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#2 Saxo Bank
Markets and products
5.0

Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only areas where the selection could be improved.
Saxo Bank markets and products
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Funds Yes Yes Yes Yes No
Bonds Yes Yes Yes Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFDs Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

Visit broker More

#2 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Pakistan - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Web platform score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 5.0 stars 3.8 stars 3.8 stars 4.5 stars
Desktop platform score 3.0 stars 5.0 stars 3.0 stars 3.0 stars 3.4 stars

Visit broker More

#2 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.3 stars
Recommended for Investors and traders looking for a great trading platform and solid research

Visit broker More

TradeStation Global Logo

#3 Best international online brokers for citizens in Pakistan
TradeStation Global

4.6

TradeStation Global is a brand of TradeStation International Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).

TradeStation Global is a combined product offered by Interactive Brokers (IB) and TradeStation for clients outside the EU/EEA. Here are its most important elements:

  • The account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers.
  • You can use both Interactive Brokers's and TradeStation's own desktop platform.
  • TradeStation Global charges its own fees, and offers its own customer support and educational tools.

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on the NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed, on the Tokyo Stock Exchange.

Recommended for traders and investors looking for low fees and a wide selection of products

Pros Cons
Low stock and ETF fees Only bank transfer allowed for deposit and withdrawal
Wide range of products Complicated account opening
Fast customer service Limited education materials

Visit broker

#3 TradeStation Global
Fees
3.9

TradeStation Global has low trading fees, especially for stocks and ETFs. There's no inactivity fee and the first withdrawal each month is free. However, mutual fund fees are high.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Low stock and ETF fees / Free stock trading
TradeStation Global fees
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
US stock $1.0 $10.0 $1.5 $1.0 -
UK stock $4.2 $11.2 $2.4 $16.8 -
EURUSD benchmark fee $10.7 $7.8 $10.7 - $7.9
AUDUSD benchmark fee $8.6 $6.2 $8.6 - $6.5
GBPUSD benchmark fee $8.6 $5.7 $8.6 - $5.7
S&P 500 index CFD fee $2.8 $1.4 $3.8 - $1.5
Europe 50 index CFD fee $3.1 $2.0 $4.3 - $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Visit broker More

#3 TradeStation Global
Account opening
2.8

TradeStation Global's account opening is fully digital and fast, but the process is complicated, and there's a high $1,000 minimum deposit required in order to use TSG's own desktop platform.
Pros Cons
Fast $1,000 minimum deposit required for desktop platform
Fully digital Not user-friendly
TradeStation Global minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Minimum deposit $0 $2,000 $1,000 $0 $0
Time to open account 1-3 days >3 days 1 day >3 days 1-3 days

Visit broker More

#3 TradeStation Global
Deposit and withdrawal
3.5

TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
No charge for the first withdrawal each month.
TradeStation Global withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#3 TradeStation Global
Markets and products
5.0

With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
TradeStation Global markets and products
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Funds Yes Yes Yes Yes No
Bonds Yes Yes Yes Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFDs Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

Visit broker More

#3 TradeStation Global
Web trading platform
4.5

You can use your TradeStation Global account to log in to the Interactive Brokers web trading platform. The TSG Client Portal is simple and easy to use even for beginners.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Pakistan - TradeStation Global trading platform
TradeStation Global trading platforms
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Web platform score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 5.0 stars 3.8 stars 3.8 stars 4.5 stars
Desktop platform score 3.0 stars 5.0 stars 3.0 stars 3.0 stars 3.4 stars

Visit broker More

#3 TradeStation Global
Verdict

TradeStation Global has low stock/ETF fees, provides access to a lot of products and markets and has great customer support. The TradeStation Global desktop platform has great charting tools, plenty of indicators, highly customizable watchlists (Radar Screen) and a great programming tool (EasyLanguage).

On the other hand, the deposit and withdrawal process is not user-friendly and you can use only bank transfer. The account opening is complicated, and for full account verification to use the TSG desktop trading platform, a minimum deposit of $1,000 is required.

If you want access to IB's product range and an account with a slightly different fee structure, feel free to try TradeStation Global.

TradeStation Global
Summary TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA.
Fees score 3.9 stars
Recommended for Traders and investors looking for low fees and a wide selection of products

Visit broker More

Zacks Trade Logo

#4 Best international online brokers for citizens in Pakistan
Zacks Trade

4.4

Zacks Trade is a US-based discount broker and a division of LBMZ Securities. LBMZ Securities was founded in 1978 and is regulated by the top-tier US financial authorities SEC and FINRA.

LBMZ Securities's clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.

If you're familiar with the services of Interactive Brokers, you might notice that many of Zacks Trade's services are the same. To sum up:

  • Zacks Trade has its own, different fee structure, product selection, educational tools and customer support.
  • The account opening and deposit/withdrawal processes, trading platforms and research tools are the same as at Interactive Brokers.

Zacks Trade is considered safe because it has a long track record and is overseen by top-tier regulators. 

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

Pros Cons
Low fees Complex desktop platform and research tools
Extensive stock and ETF selection Slow and complicated account opening
Great customer service Limited educational tools

Visit broker

#4 Zacks Trade
Fees
4.2

Zacks Trade has low trading and non-trading fees. Its stock, ETF and bond trading fees are especially low, while mutual fund fees are quite high.
Pros Cons
Low stock and ETF fees / Free stock trading High fund fees
No withdrawal fee
No inactivity fee
Zacks Trade fees
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
US stock $1.0 $10.0 $1.5 $1.0 -
UK stock $4.2 $11.2 $2.4 $16.8 -
EURUSD benchmark fee $10.7 $7.8 $10.7 - $7.9
AUDUSD benchmark fee $8.6 $6.2 $8.6 - $6.5
GBPUSD benchmark fee $8.6 $5.7 $8.6 - $5.7
S&P 500 index CFD fee $2.8 $1.4 $3.8 - $1.5
Europe 50 index CFD fee $3.1 $2.0 $4.3 - $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Visit broker More

#4 Zacks Trade
Account opening
2.8

Zacks Trade has a fully digital account opening for clients all over the world, and there is no minimum deposit. On the negative side, we found the process slow and hard to navigate.
Pros Cons
Fully digital Slow
No minimum deposit Not user-friendly
Zacks Trade minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Minimum deposit $0 $2,000 $1,000 $0 $0
Time to open account 1-3 days >3 days 1 day >3 days 1-3 days

Visit broker More

#4 Zacks Trade
Deposit and withdrawal
3.5

Zacks Trade offers one free withdrawal per month for nearly all base currencies. However, you cannot use credit/debit cards or electronic wallets to deposit or withdraw funds.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Zacks Trade withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#4 Zacks Trade
Markets and products
3.8

Zacks Trade offers international stocks, ETFs and bonds, which is fairly unique for a US broker, as well as US funds and options. However, you cannot trade futures or forex.
Zacks Trade markets and products
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Funds Yes Yes Yes Yes No
Bonds Yes Yes Yes Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFDs Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

Visit broker More

#4 Zacks Trade
Web trading platform
4.5

The Zacks Trade web platform is simple and easy to use even for beginners.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Pakistan - Zacks Trade trading platform
Zacks Trade trading platforms
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Web platform score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 5.0 stars 3.8 stars 3.8 stars 4.5 stars
Desktop platform score 3.0 stars 5.0 stars 3.0 stars 3.0 stars 3.4 stars

Visit broker More

#4 Zacks Trade
Verdict

Zacks Trade is a great US discount broker. It is a division of LBMZ Securities, which is regulated by the SEC and FINRA.

On the plus side, Zacks Trade has low fees, outstanding stock and ETF selections and great customer service.

There are some drawbacks though, as its desktop trading platform and research tools are quite complex. The account opening is complicated and slow. Lastly, we missed some useful educational tools.

As Zacks Trade provides a demo account and doesn't require any minimum deposit, feel free to try it.

Zacks Trade
Summary Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).
Fees score 4.2 stars
Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees

Visit broker More

CMC Markets Logo

#5 Best international online brokers for citizens in Pakistan
CMC Markets

4.6

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.

CMC Markets is considered safe because it has a long track record, is listed on a stock exchange, 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. 67% 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 an advanced trading platform with many research tools

Pros Cons
Low forex fees High stock CFD fees
Great web and mobile platforms Limited product portfolio
Advanced research and educational tools Complicated account verification

Visit broker
67% of retail CFD accounts lose money

#5 CMC Markets
Fees
3.7

CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
Pros Cons
Low forex fees High stock CFD fees
No withdrawal fee
CMC Markets fees
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
US stock $1.0 $10.0 $1.5 $1.0 -
UK stock $4.2 $11.2 $2.4 $16.8 -
EURUSD benchmark fee $10.7 $7.8 $10.7 - $7.9
AUDUSD benchmark fee $8.6 $6.2 $8.6 - $6.5
GBPUSD benchmark fee $8.6 $5.7 $8.6 - $5.7
S&P 500 index CFD fee $2.8 $1.4 $3.8 - $1.5
Europe 50 index CFD fee $3.1 $2.0 $4.3 - $1.9

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

Visit broker More
67% of retail CFD accounts lose money

#5 CMC Markets
Account opening
4.1

The account opening process is fully digital and there's no minimum deposit, but confusion about what documents to upload for identification can prolong the verification process.
Pros Cons
Fully digital Complicated account verification
No minimum deposit
CMC Markets minimum deposit and time to open an account
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Minimum deposit $0 $2,000 $1,000 $0 $0
Time to open account 1-3 days >3 days 1 day >3 days 1-3 days

Visit broker More
67% of retail CFD accounts lose money

#5 CMC Markets
Deposit and withdrawal
4.8

You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
Pros Cons
Credit/Debit card available £15 fee for international bank transfers
No deposit fee
Several account base currencies
CMC Markets withdrawal fees and options
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
67% of retail CFD accounts lose money

#5 CMC Markets
Markets and products
2.2

CMC Markets's product selection covers only CFDs, forex and crypto. You can't trade other popular asset classes such as real stocks, bonds, mutual funds, options or futures.
CMC Markets markets and products
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Stocks Yes Yes Yes Yes No
ETFs Yes Yes Yes Yes No
Forex Yes Yes Yes No Yes
Funds Yes Yes Yes Yes No
Bonds Yes Yes Yes Yes No
Options Yes Yes Yes Yes No
Futures Yes Yes Yes No No
CFDs Yes Yes Yes No Yes
Crypto Yes Yes Yes No Yes

Visit broker More
67% of retail CFD accounts lose money

#5 CMC Markets
Web trading platform
4.5

CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. On the other hand, it lacks two-step authentication.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace)
Modern design
Best international online brokers for citizens in Pakistan - CMC Markets trading platform
CMC Markets trading platforms
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Web platform score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 5.0 stars 3.8 stars 3.8 stars 4.5 stars
Desktop platform score 3.0 stars 5.0 stars 3.0 stars 3.0 stars 3.4 stars

Visit broker More
67% of retail CFD accounts lose money

#5 CMC Markets
Verdict

CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there. 

On the plus side, it has low forex fees, well-developed trading platforms, and useful research and educational tools.

There are also a few drawbacks, though. Stock CFD fees are high, and the account verification process is not always seamless. Also, its product selection covers only CFD and forex asset classes, meaning no real stocks, bonds or mutual funds.

Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.

 

CMC Markets
Summary CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA.
Fees score 3.7 stars
Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools

Visit broker More
67% of retail CFD accounts lose money

Best international online brokers for citizens in Pakistan
What makes a good online broker

Now that you know the top 5, you are probably curious how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago, if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.

Are these brokers safe?

We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.

However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.

If all goes wrong, and for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.

5 most important criteria for the best online brokers in 2021
1. Fees The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees.
2. Account opening Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers.
3. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Markets and products You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account.

Best international online brokers for citizens in Pakistan
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Pakistan:

Best international online brokers for citizens in Pakistan
Interactive Brokers Saxo Bank TradeStation Global Zacks Trade CMC Markets
Overall score 4.9 4.8 4.6 4.4 4.6
Best in Best online broker Best forex broker Best broker for investing Best forex broker for beginners
Fees score 4.2 stars 3.3 stars 3.9 stars 4.2 stars 3.7 stars
Account opening score 3.4 stars 2.5 stars 2.8 stars 2.8 stars 4.1 stars
Deposit and withdrawal score 3.5 stars 4.8 stars 3.5 stars 3.5 stars 4.8 stars
Markets and products score 5.0 stars 5.0 stars 5.0 stars 3.8 stars 2.2 stars
Web platform score 4.5 stars 5.0 stars 4.5 stars 4.5 stars 4.5 stars
Mobile platform score 3.8 stars 5.0 stars 3.8 stars 3.8 stars 4.5 stars
Visit broker Visit broker Visit broker Visit broker Visit broker
67% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Pakistan for 2021. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Share

Comments

×