Best international online brokers for citizens in Pakistan

Interactive Brokers
4.9
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Saxo Bank
4.8
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eToro
4.6
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75% of retail CFD accounts lose money
Best international online brokers for citizens in Pakistan

To find the best international online brokers in Pakistan, we went ahead and did the research for you. After testing, analyzing and comparing 57 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best international online brokers of 2020 for citizens in Pakistan:

  1. Interactive Brokers is the number one international online broker in 2020. Wide range of products. Many great research tools. Regulated by several authorities.
  2. Saxo Bank is your runner-up. Great trading platform. Outstanding research. Broad product portfolio.
  3. eToro rounds out the top three. Free stock and ETF trading in the EU. Seamless account opening. Social trading experience.
  4. TradeStation Global, numero quatro. Low trading fees. Wide range of products. Fast and relevant customer service.
  5. IG. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options. Just made it to the list at number five.
Best international online brokers of 2020 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 eToro Global social trading broker 4.6 Best broker for cryptos
#4 TradeStation Global UK-based global broker 4.5 Best broker for buy and hold
#5 IG Global CFD and forex broker 4.5

What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.

Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker? For a tailored recommendation, check out our broker finder tool. You can enter your country, and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best international online brokers in 2020 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 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, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

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

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities Funding and withdrawal only via bank transfer

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#1 Interactive Brokers
Fees
4.0

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
Interactive Brokers fees
Interactive Brokers Saxo Bank eToro TradeStation Global IG
US stock $1.0 $10.0 $0.0 $1.5 $15.0
UK stock $7.2 $9.6 $0.0 $2.4 $9.6
EURUSD benchmark fee $17.9 $15.5 $19.6 $17.9 $16.9

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

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#1 Interactive Brokers
Account opening
3.0

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Minimum deposit $0 $600 $200 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $25 $0 $0

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
Interactive Brokers markets and products
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No Yes No
Bond Yes Yes No Yes No
Options Yes Yes No Yes Yes
Futures Yes Yes No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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#1 Interactive Brokers
Web trading platform
4.0

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
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 eToro TradeStation Global IG
Web platform score 4.0 5.0 4.0 4.0 5.0
Mobile platform score 4.0 5.0 5.0 4.0 5.0
Desktop platform score 3.0 5.0 - 3.0 -

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#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 for advanced traders.

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

There are some drawbacks though: you can only fund your account via wire transfer and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like 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 4.0
Recommended for Traders looking for low fees and a professional trading environment

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Saxo Bank Logo

#2 Best international online brokers for citizens in Pakistan
Saxo Bank

4.8

Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. 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. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has 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

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#2 Saxo Bank
Fees
3.0

Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
Pros Cons
Low fund fees Inactivity fee
No withdrawal fee High bond, options and futures fees
Transparent fee structure
Lower fees for Platinum and VIP clients
Saxo Bank fees
Interactive Brokers Saxo Bank eToro TradeStation Global IG
US stock $1.0 $10.0 $0.0 $1.5 $15.0
UK stock $7.2 $9.6 $0.0 $2.4 $9.6
EURUSD benchmark fee $17.9 $15.5 $19.6 $17.9 $16.9

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

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#2 Saxo Bank
Account opening
3.0

Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high, and account verification could be faster.
Pros Cons
Fully digital Minimum deposit is higher than $500
User-friendly Relatively slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Minimum deposit $0 $600 $200 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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#2 Saxo Bank
Deposit and withdrawal
5.0

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Saxo Bank withdrawal fee and options
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $25 $0 $0

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#2 Saxo Bank
Markets and products
5.0

Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
Saxo Bank markets and products
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No Yes No
Bond Yes Yes No Yes No
Options Yes Yes No Yes Yes
Futures Yes Yes No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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#2 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel. On the negative side, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best international online brokers for citizens in Pakistan - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Web platform score 4.0 5.0 4.0 4.0 5.0
Mobile platform score 4.0 5.0 5.0 4.0 5.0
Desktop platform score 3.0 5.0 - 3.0 -

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#2 Saxo Bank
Verdict

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

Saxo 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. 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 responding 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 3.0
Recommended for Investors and traders looking for a great trading platform and solid research

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eToro Logo

#3 Best international online brokers for citizens in Pakistan
eToro

4.6

eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.

eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

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.

Recommended for traders interested in social trading (i.e. copying other investors’ trades)

Pros Cons
Free stock and ETF trading in the EU High forex fees
Seamless account opening Withdrawing money is slow and expensive
Social trading experience Only one account base currency

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75% of retail CFD accounts lose money

#3 eToro
Fees
4.0

eToro offers free stock trading in Europe and has low CFD fees. On the negative side, forex trading fees and withdrawal fees are high.
Pros Cons
Free stock and ETF trading in the EU High non-trading fees
Low CFD fees High forex fees
Withdrawal fee
eToro fees
Interactive Brokers Saxo Bank eToro TradeStation Global IG
US stock $1.0 $10.0 $0.0 $1.5 $15.0
UK stock $7.2 $9.6 $0.0 $2.4 $9.6
EURUSD benchmark fee $17.9 $15.5 $19.6 $17.9 $16.9

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

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75% of retail CFD accounts lose money

#3 eToro
Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro minimum deposit and time to open an account
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Minimum deposit $0 $600 $200 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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75% of retail CFD accounts lose money

#3 eToro
Deposit and withdrawal
3.0

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available High withdrawal fee
No deposit fee Only one account base currency
User-friendly Slow withdrawal - over 3 days
eToro withdrawal fee and options
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $25 $0 $0

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75% of retail CFD accounts lose money

#3 eToro
Markets and products
4.0

At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
eToro markets and products
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No Yes No
Bond Yes Yes No Yes No
Options Yes Yes No Yes Yes
Futures Yes Yes No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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75% of retail CFD accounts lose money

#3 eToro
Web trading platform
4.0

eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Pakistan - eToro trading platform
eToro trading platforms
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Web platform score 4.0 5.0 4.0 4.0 5.0
Mobile platform score 4.0 5.0 5.0 4.0 5.0
Desktop platform score 3.0 5.0 - 3.0 -

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75% of retail CFD accounts lose money

#3 eToro
Verdict

eToro has zero-commission stock trading in Europe. Account opening is really fast and seamless. It has also a lot of innovative features, like social trading.

It has some drawbacks, though. Forex fees and non-trading fees are high, and eToro only allows USD accounts

Overall, we would recommend eToro for its social trading feature and cheap stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFD assets.

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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.0
Recommended for Traders interested in social trading (i.e. copying other investors’ trades)

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75% of retail CFD accounts lose money

TradeStation Global Logo

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

4.5

TradeStation Global is the brand of TradeStation International, which is based in the UK and regulated by the top-tier FCA. TradeStation International is the subsidiary of TradeStation, while introducing broker of Interactive Brokers (IB).  

Therefore, TradeStation Global is a combined product of TradeStation and IB. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation. 

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on 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 trading fees Not user-friendly deposit and withdrawal
Wide range of products Complicated account opening
Fast and relevant customer service Limited education materials

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#4 TradeStation Global
Fees
4.0

TradeStation Global has low trading fees, especially for stock and ETF. It's also great that there is no inactivity fee and the first withdrawal in each month is free of charge. On the other hand, mutual fund fees are high.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Low stock and ETF fees
TradeStation Global fees
Interactive Brokers Saxo Bank eToro TradeStation Global IG
US stock $1.0 $10.0 $0.0 $1.5 $15.0
UK stock $7.2 $9.6 $0.0 $2.4 $9.6
EURUSD benchmark fee $17.9 $15.5 $19.6 $17.9 $16.9

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

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#4 TradeStation Global
Account opening
3.0

TradeStation Global's account opening is fully digital and fast. On the negative side, the process is complicated and there is a high, $1,000 minimum required deposit.
Pros Cons
Fast Minimum deposit is higher than $500
Fully digital Not user-friendly
TradeStation Global minimum deposit and time to open an account
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Minimum deposit $0 $600 $200 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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#4 TradeStation Global
Deposit and withdrawal
3.0

TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
No charge for the first withdrawal every month.
TradeStation Global withdrawal fee and options
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $25 $0 $0

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#4 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 eToro TradeStation Global IG
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No Yes No
Bond Yes Yes No Yes No
Options Yes Yes No Yes Yes
Futures Yes Yes No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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#4 TradeStation Global
Web trading platform
4.0

You can use Interactive Brokers' web trading platforms. Client Portal is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report Difficult to set the alerts
Two-step (safer) login
Best international online brokers for citizens in Pakistan - TradeStation Global trading platform
TradeStation Global trading platforms
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Web platform score 4.0 5.0 4.0 4.0 5.0
Mobile platform score 4.0 5.0 5.0 4.0 5.0
Desktop platform score 3.0 5.0 - 3.0 -

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#4 TradeStation Global
Verdict

TradeStation Global has low trading fees, has access to a lot of products and markets, and has great customer support. The TradeStation Global desktop platform has great charting tools, and plenty of indicators highly customizable watchlists (Radar Screen), and visualized order placing (Matrix).

On the other hand, the deposit and withdrawal process is not user-friendly and you can use only a bank transfer. The account opening is complicated and for full account verification, a minimum deposit of $1,000 is needed. Lastly, the education section could be extended with more materials, as of now, it is limited.

If you prefer low fees with IB's product range, feel free to try TradeStation Global.

TradeStation Global
Summary TradeStation Global is an introducing broker for EU clients. It is regulated by the top-tier UK FCA.
Fees score 4.0
Recommended for Traders and investors looking for low fees and a wide selection of products

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IG Logo

#5 Best international online brokers for citizens in Pakistan
IG

4.5

IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the Financial Conduct Authority (FCA) and the 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. 68% 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

Pros Cons
First-class web trading platform High stock CFD fees
Superb educational tools Limited product portfolio
Great deposit and withdrawal options Poor phone support

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68% of retail CFD accounts lose money

#5 IG
Fees
3.0

IG has low fees for stock index CFD, while forex fees are average to low. There is no fee for withdrawal and the inactivity fee is charged only after 2 years. On the negative side, the stock CFD fees are high.
Pros Cons
No withdrawal fee Inactivity fee
Low index CFD trading fees High stock CFD fee
IG fees
Interactive Brokers Saxo Bank eToro TradeStation Global IG
US stock $1.0 $10.0 $0.0 $1.5 $15.0
UK stock $7.2 $9.6 $0.0 $2.4 $9.6
EURUSD benchmark fee $17.9 $15.5 $19.6 $17.9 $16.9

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

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68% of retail CFD accounts lose money

#5 IG
Account opening
4.0

IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
Pros Cons
Fully digital Slower account opening
Low minimum deposit
No minimum deposit for bank transfer
IG minimum deposit and time to open an account
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Minimum deposit $0 $600 $200 $1,000 $0
Time to open account 1-3 days 1-3 days 1 day 1 day 1-3 days

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68% of retail CFD accounts lose money

#5 IG
Deposit and withdrawal
5.0

IG offers free and fast deposit and withdrawal. There are various options for funding your account, including traditional methods such as bank wire and credit card funding, as well as PayPal.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
IG withdrawal fee and options
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No Yes
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $25 $0 $0

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68% of retail CFD accounts lose money

#5 IG
Markets and products
3.0

At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real shares. Other popular assets, like mutual funds or bonds, are not available.
IG markets and products
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No Yes No
Bond Yes Yes No Yes No
Options Yes Yes No Yes Yes
Futures Yes Yes No Yes No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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68% of retail CFD accounts lose money

#5 IG
Web trading platform
5.0

IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Pakistan - IG trading platform
IG trading platforms
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Web platform score 4.0 5.0 4.0 4.0 5.0
Mobile platform score 4.0 5.0 5.0 4.0 5.0
Desktop platform score 3.0 5.0 - 3.0 -

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68% of retail CFD accounts lose money

#5 IG
Verdict

IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.

IG has one of the best web trading platforms Brokerchooser tested. The deposit and withdrawal conditions are great. You can also educate yourself with great educational materials.

On the other hand, there are some drawbacks. The stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs, and options. The phone customer service has also low quality.

Feel free to test IG's first-class trading platform since there is no minimum funding amount for bank transfers and you can easily open a demo account too. 

IG
Summary IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.
Fees score 3.0
Recommended for Traders of any experience level looking for an easy-to-use trading platform

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68% of retail CFD accounts lose money

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

Now you know the top 5. You are probably curious about 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 in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by top-tier authorities. Some of them are also listed on an exchange, while some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad 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 international online brokers for a citizen in Pakistan?

At Brokerchooser, we test online brokers along more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.

The five most important criteria for best international online brokers are:

5 important criteria for the best international online brokers in 2020
1. Fees The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees.
2. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
3. Deposit and withdrawal Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another.
4. Products and markets You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in Pakistan
Bottom line

You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in Pakistan:

Best international online brokers for citizens in Pakistan
Interactive Brokers Saxo Bank eToro TradeStation Global IG
Overall score 4.9 4.8 4.6 4.5 4.5
Best in Best online broker Best forex broker Best broker for cryptos Best broker for buy and hold
Fees score 4.0 3.0 4.0 4.0 3.0
Account opening score 3.0 3.0 5.0 3.0 4.0
Deposit and withdrawal score 3.0 5.0 3.0 3.0 5.0
Markets and products score 5.0 5.0 4.0 5.0 3.0
Web platform score 4.0 5.0 4.0 4.0 5.0
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75% of retail CFD accounts lose money
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68% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Pakistan of 2020. Wide range of products. Many great research tools. Regulated by several authorities.
All of these brokers are considered 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 comment section.
Still unsure? Use the broker finder and find the best international broker for you, or learn more about investing your money.

Tibor Bedő

Tibor Bedő

Co-founder, CEO

Author of this article

Tibor believes having a good stockbroker is everybody's privilege. He worked extensively in the financial industry, including at Morgan Stanley and at The Boston Consulting Group (BCG). He advised leading European banks on strategy, finance and risk management.

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 eToro
75% of retail CFD accounts lose money
Visit IG
68% of retail CFD accounts lose money
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