Best international online brokers for citizens in Pakistan

Jan 2019
Our top 2 international broker picks
Interactive Brokers Saxo Bank
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 20 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 2019 for citizens in Pakistan:

  1. Interactive Brokers is the number one international online broker in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
  2. Saxo Bank, place two. Outstanding research. Great trading platform. Broad product portfolio.
  3. IG. Easy to use web trading platform. Helpful and reliable customer service. Great deposit and withdrawal tools. Third place.
  4. eToro, numero quatro. Enjoyable trading platform. Social trading experience. Seamless account opening .
  5. Plus500. Easy to use platform. Low spreads. Listed on AIM section of the London Stock Exchange. Just made it to the list with being number five.

Best international online brokers of 2019 for citizens in Pakistan
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.8 Best online broker
#2 Saxo Bank Danish investment bank 4.7 Best trading platform
#3 IG Global CFD and FX broker 4.5 Best FX broker
#4 eToro Global social trading broker 4.4 Best social trading
#5 Plus500 Global CFD and FX broker 4.4

All 5 brokers are considered safe. They are regulated by top-tier financial regulators.

What makes a good online broker? They need to offer fair fees. It must also be easy to open an account and deposit. They should offer access to a lot of markets and need to have a great platform. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

Boring, but important stuff: Some of the brokers portfolio might contain CFD products. CFDs are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have clue what a CFD is, start with these CFD trading tips

And now, let's see the best international online brokers for Pakistan in 2019 one by one. Starting with the winner, Interactive Brokers.

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

4.8 5 stars
Best online broker
Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for advanced traders preferring low fees and can cope with a complicated trading platform.

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

Visit broker

#1 Interactive Brokers
Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.

Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee

Interactive Brokers fees
Interactive BrokersSaxo BankIGeToroPlus500
Apple benchmark fee$2.2$20.0$34.9$3.6$8.9
Vodafone benchmark fee$17.9$15.0$30.5$3.6$7.6
EURUSD benchmark fee$23.0$58.4$12.3$19.1$17.6

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#1 Interactive Brokers
Account opening 3 stars

The account opening process is fully digital, but slow, and complicated.

Pros
  • Account opening fully digital
  • No minimum deposit for most accounts
Cons
  • Slow account opening
  • Not user-friendly
  • Confusing messages throughout the process

Interactive Brokers minimum deposit and time to open an account
Interactive BrokersSaxo BankIGeToroPlus500
Minimum deposit$0$725$300$200$114
Time to open account1-3 days1-3 days1-3 days1 day1 day

More Visit broker

#1 Interactive Brokers
Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the flip side, only bank transfer is available.

Pros
  • Several account base currencies
  • No charge for the first withdrawal every month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Lengthy funding and withdrawal - over 3 days

Interactive Brokers withdrawal fee and options
Interactive BrokersSaxo BankIGeToroPlus500
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesYes
Electronic walletsNoNoNoYesYes
Withdrawal fee$0$0$0$25$0

More Visit broker

#1 Interactive Brokers
Markets and products 5 stars

At Interactive Brokers you can reach the most markets and trade with all product types. IB has the widest offering.

Interactive Brokers markets and products
Interactive BrokersSaxo BankIGeToroPlus500
StockYesYesYesYesNo
ETFYesYesYesYesNo
ForexYesYesYesYesYes
FundYesNoNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesYes

More Visit broker

#1 Interactive Brokers
Web trading platform 4 stars

Interactive Brokers' web platform is simple and easy to use. Even beginners can easily get around. On the flip side, it can't be well-customized.

Pros
  • User-friendly
  • Clear fee report
  • Two-step (safe) login
Cons
  • Limited customizability (for chart, for workspace)
Best international online brokers for citizens in Pakistan - Interactive Brokers trading platform

Interactive Brokers trading platforms
Interactive BrokersSaxo BankIGeToroPlus500
Web platform score 4 stars 5 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 5 stars 5 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars ---

More Visit broker

#1 Interactive Brokers
Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

More Visit broker

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

4.7 5 stars
Best trading platform
Saxo Bank logo

Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.

Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.

Recommended for investors and traders aiming for a great trading platform and research.

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

Visit broker

#2 Saxo Bank
Fees 3 stars

Saxo Bank has average trading and non-trading fees.

Pros
  • No withdrawal fee
  • Transparent fee structure
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options, and futures fees

Saxo Bank fees
Interactive BrokersSaxo BankIGeToroPlus500
Apple benchmark fee$2.2$20.0$34.9$3.6$8.9
Vodafone benchmark fee$17.9$15.0$30.5$3.6$7.6
EURUSD benchmark fee$23.0$58.4$12.3$19.1$17.6

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#2 Saxo Bank
Account opening 3 stars

Account opening is available for almost all residents and is fully digital.

Pros
  • Fast account opening
  • Account opening fully digital
  • Available for almost all residents
Cons
  • Minimum account balance higher than $500
  • Sales team pushy
  • Only single currency account available at classic accounts

Saxo Bank minimum deposit and time to open an account
Interactive BrokersSaxo BankIGeToroPlus500
Minimum deposit$0$725$300$200$114
Time to open account1-3 days1-3 days1-3 days1 day1 day

More Visit broker

#2 Saxo Bank
Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdraw options free of charge on a user-friendly interface.

Pros
  • Free withdrawal
  • Free deposit
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available

Saxo Bank withdrawal fee and options
Interactive BrokersSaxo BankIGeToroPlus500
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesYes
Electronic walletsNoNoNoYesYes
Withdrawal fee$0$0$0$25$0

More Visit broker

#2 Saxo Bank
Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products except for funds.

Saxo Bank markets and products
Interactive BrokersSaxo BankIGeToroPlus500
StockYesYesYesYesNo
ETFYesYesYesYesNo
ForexYesYesYesYesYes
FundYesNoNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesYes

More Visit broker

#2 Saxo Bank
Web trading platform 5 stars

Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.

Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited customizability (for chart, for workspace)
Best international online brokers for citizens in Pakistan - Saxo Bank trading platform

Saxo Bank trading platforms
Interactive BrokersSaxo BankIGeToroPlus500
Web platform score 4 stars 5 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 5 stars 5 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars ---

More Visit broker

#2 Saxo Bank
Verdict

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

It has the best trading platforms backed by great research. The product portfolio is covering all important international markets and asset classes.

It has some drawbacks though. The fees for forex, bond, options, and futures are high. The account opening can take long and the live chat is missing.

In general, Saxo Bank is one of the best online brokerage companies you can choose. By opening an account, you end up with a broad, well-developed service.

More Visit broker

#3 Best international online brokers for citizens in Pakistan
IG

4.5 5 stars
Best FX broker
IG logo

IG was established in the UK in 1974 and is one of the biggest CFD providers in the world. It is regulated by several regulators globally, including top-tier authorities, like the FCA. 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 regulated by top-tier regulators.

IG is primarily a CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading 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. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders aiming for a great and easy-to-use trading platform.

Pros
  • Easy to use web trading platform
  • Helpful and reliable customer service
  • Great deposit and withdrawal tools
Cons
  • High trading fees
  • Limited product portfolio
  • Limited research tools

Visit broker

#3 IG
Fees 2 stars

IG's trading fees are high and non-trading fees are average. Its financing rate is one of the best.

Pros
  • Low financing rate
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee

IG fees
Interactive BrokersSaxo BankIGeToroPlus500
Apple benchmark fee$2.2$20.0$34.9$3.6$8.9
Vodafone benchmark fee$17.9$15.0$30.5$3.6$7.6
EURUSD benchmark fee$23.0$58.4$12.3$19.1$17.6

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#3 IG
Account opening 4 stars

The account opening process is fast, user-friendly, and fully digital. On the other hand, there is a £250 or equivalent minimum deposit for cards and the sales team is very pushy.

Pros
  • Fast account opening
  • Account opening fully digital
  • User-friendly
Cons
  • £250 or equivalent minimum deposit for cards
  • Sales team is quite pushy, reaching out regularly to fund account

IG minimum deposit and time to open an account
Interactive BrokersSaxo BankIGeToroPlus500
Minimum deposit$0$725$300$200$114
Time to open account1-3 days1-3 days1-3 days1 day1 day

More Visit broker

#3 IG
Deposit and withdrawal 5 stars

You have several options to transfer money. The transfer process is user-friendly and fast.

Pros
  • Credit/Debit card deposit and withdrawal available
  • Several account base currencies
  • User-friendly
Cons
  • Not transparent on available base currencies

IG withdrawal fee and options
Interactive BrokersSaxo BankIGeToroPlus500
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesYes
Electronic walletsNoNoNoYesYes
Withdrawal fee$0$0$0$25$0

More Visit broker

#3 IG
Markets and products 3 stars

At IG, most clients can only trade with CFDs and forex. There are many-many CFDs. UK and some other clients can also trade with shares.

IG markets and products
Interactive BrokersSaxo BankIGeToroPlus500
StockYesYesYesYesNo
ETFYesYesYesYesNo
ForexYesYesYesYesYes
FundYesNoNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesYes

More Visit broker

#3 IG
Web trading platform 5 stars

IG's web platform is great. It is easy to use, has all necessary functions, and can be customized. Even first time users can get familiar with it instantly.

Pros
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Good customizability (for chart, for workspace)
Cons
None
Best international online brokers for citizens in Pakistan - IG trading platform

IG trading platforms
Interactive BrokersSaxo BankIGeToroPlus500
Web platform score 4 stars 5 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 5 stars 5 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars ---

More Visit broker

#3 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 the best web trading platform Brokerchooser tested. Its customer service is professional and relevant. The deposit and withdrawal conditions are also great.

The biggest drawback is the fee structure. It is quite pricey especially when you trade lower amounts. IG's product portfolio is limited to CFDs, however, in the UK and some other countries, stocks are also accessible. 

It is quite easy to test IG's first class trading platform since there is no minimum funding for bank transfer and you can easily open a demo account. 

More Visit broker

#4 Best international online brokers for citizens in Pakistan
eToro

4.4 4 stars
Best social trading
eToro logo

eToro is a well-known fintech startup, an Israeli social trading broker established in 2007. eToro serves UK clients by an FCA regulated entity and Australians by an Australian entity. All other customers are served by a Cypriot entity. eToro is not listed on any exchange, does not disclose its annual report on its site and does not have a bank parent. It is also one of the 5 best trading platforms for Europeans.

eToro is considered safe, because it's UK arm is regulated by a top tier regulator and it is a well known fintech startup.

eToro is primarily a CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 social trading, e.g. following other traders’ trades.

Pros
  • Enjoyable trading platform
  • Social trading experience
  • Seamless account opening
Cons
  • Poor customer service
  • Trading platform outages
  • Limited product range, mostly CFDs

Visit broker

#4 eToro
Fees 4 stars

eToro's trading fees are low, while non-trading fees are high.

Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • High non-trading fees
  • Withdrawal fee
  • Inactivity fee
  • High financing rate

eToro fees
Interactive BrokersSaxo BankIGeToroPlus500
Apple benchmark fee$2.2$20.0$34.9$3.6$8.9
Vodafone benchmark fee$17.9$15.0$30.5$3.6$7.6
EURUSD benchmark fee$23.0$58.4$12.3$19.1$17.6

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#4 eToro
Account opening 5 stars

Account opening is enjoyable and super fast.

Pros
  • Fast account opening
  • No minimum account balance
  • User-friendly
Cons
None

eToro minimum deposit and time to open an account
Interactive BrokersSaxo BankIGeToroPlus500
Minimum deposit$0$725$300$200$114
Time to open account1-3 days1-3 days1-3 days1 day1 day

More Visit broker

#4 eToro
Deposit and withdrawal 4 stars

It is easy to deposit with a lot of options, including credit cards. However, there is a withdrawal fee, and only USD accounts are available.

Pros
  • Credit/Debit card deposit and withdrawal available
  • Free deposit
  • User-friendly
Cons
  • High withdrawal fee
  • Only one account base currency

eToro withdrawal fee and options
Interactive BrokersSaxo BankIGeToroPlus500
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesYes
Electronic walletsNoNoNoYesYes
Withdrawal fee$0$0$0$25$0

More Visit broker

#4 eToro
Markets and products 3 stars

At eToro you can trade with CFDs and forex. There are also real stocks and ETFs, and many cryptos. It also offers social trading and "CFD funds".

eToro markets and products
Interactive BrokersSaxo BankIGeToroPlus500
StockYesYesYesYesNo
ETFYesYesYesYesNo
ForexYesYesYesYesYes
FundYesNoNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesYes

More Visit broker

#4 eToro
Web trading platform 4 stars

eToro’s web trading platform is nice looking and easy-to-use. Getting your fee report is a bit of a pain.

Pros
  • User-friendly
  • Looks nice
  • Social trading
Cons
  • No clear fee report available
  • Cannot be customized
Best international online brokers for citizens in Pakistan - eToro trading platform

eToro trading platforms
Interactive BrokersSaxo BankIGeToroPlus500
Web platform score 4 stars 5 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 5 stars 5 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars ---

More Visit broker

#4 eToro
Verdict

When looking back, eToro was a bit unreliable in 2017 because of the huge demand for cryptos. It had problems in customer support and the platform sometimes froze. In our latest test eToro improved.

On the plus side, eToro is great for social trading and also good for crypto CFDs, it is a pleasure to use, has a lot of innovative features, and the account opening is spot on. Its trading fees are low.

It has some drawbacks though. Customer service was a letdown, the platform did not work on multiple occasions. Also, it has a tight product range which includes stocks and CFDs. Non-trading fees are high.

To sum up, we recommend eToro for social trading and cheap stock trading.

More Visit broker

#5 Best international online brokers for citizens in Pakistan
Plus500

4.4 4 stars
Plus500 logo

Plus500 is a CFD broker, established in Israel. It is listed on the Main Market of the London Stock Exchange. Plus500 subsidiaries are authorized and regulated by different regulators, including top-tier regulators like the FCA from the UK.

Plus500 is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Plus500 is a CFD and forex broker. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Daytraders!: At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker

Recommended for experienced traders looking for an easy-to-use platform, with great user experience.

Pros
  • Easy to use platform
  • Low spreads
  • Listed on AIM section of the London Stock Exchange
Cons
  • Limited product portfolio, only CFDs
  • High financing rates
  • Minimal research tools

Visit broker

#5 Plus500
Fees 4 stars

Plus500 has low trading fees and average non-trading fees. Financing rates are very high.

Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee
  • High financing rate
  • Financing rate calculation is opaque

Plus500 fees
Interactive BrokersSaxo BankIGeToroPlus500
Apple benchmark fee$2.2$20.0$34.9$3.6$8.9
Vodafone benchmark fee$17.9$15.0$30.5$3.6$7.6
EURUSD benchmark fee$23.0$58.4$12.3$19.1$17.6

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX

More Visit broker

#5 Plus500
Account opening 5 stars

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.

Pros
  • Fast account opening
  • Account opening fully digital
  • User-friendly
Cons
None

Plus500 minimum deposit and time to open an account
Interactive BrokersSaxo BankIGeToroPlus500
Minimum deposit$0$725$300$200$114
Time to open account1-3 days1-3 days1-3 days1 day1 day

More Visit broker

#5 Plus500
Deposit and withdrawal 5 stars

Plus500's deposit and withdrawal are both great. You have many options, the process is easy-to-do and usually free of charge.

Pros
  • Credit/Debit card deposit and withdrawal available
  • Free deposit
  • User-friendly
  • Five withdrawal per month is free
Cons
None

Plus500 withdrawal fee and options
Interactive BrokersSaxo BankIGeToroPlus500
Bank TransferYesYesYesYesYes
Credit/Debit cardNoNoYesYesYes
Electronic walletsNoNoNoYesYes
Withdrawal fee$0$0$0$25$0

More Visit broker

#5 Plus500
Markets and products 2 stars

At Plus500 you can trade only with CFDs and forex. There are a lot CFDs, you can choose from almost 2,000.

Plus500 markets and products
Interactive BrokersSaxo BankIGeToroPlus500
StockYesYesYesYesNo
ETFYesYesYesYesNo
ForexYesYesYesYesYes
FundYesNoNoNoNo
BondYesYesNoNoNo
OptionsYesYesNoNoNo
FuturesYesYesNoNoNo
CFDYesYesYesYesYes
CryptoYesYesYesYesYes

More Visit broker

#5 Plus500
Web trading platform 4 stars

Plus500 trading platform is very easy-to-use and also looks great. On the flip side, it cannot be customized. 

Pros
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Available in more languages
Cons
  • Limited customizability (for chart, for workspace)
Best international online brokers for citizens in Pakistan - Plus500 trading platform

Plus500 trading platforms
Interactive BrokersSaxo BankIGeToroPlus500
Web platform score 4 stars 5 stars 5 stars 4 stars 4 stars
Mobile platform score 4 stars 5 stars 5 stars 5 stars 5 stars
Desktop platform score 3 stars 5 stars ---

More Visit broker

#5 Plus500
Verdict

Plus500 is a good broker. It is for traders aware of the risks of CFD trading.

Is plus 500 safe? It is considered safe because it is listed on the London Stock Exchange and regulated by the FCA. If you are not from the UK, you will be most likely served by Plus500 Cyprus, and hence the Cypriot investor protection will apply.

Daytraders! At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. So if you plan to execute trades within 2 minutes, Plus500 is not your broker.

On the bright side, Plus500 platform is easy-to-use with a great user experience. Even the first time user can navigate the app with ease. Spreads are competitive, but there are really high financing rates. Therefore, fees can be really high. For this fee level, some research tools would have been nice. 

As there is no minimum balance, no withdrawal fee above $100, withdrawal and inactivity fee only kicks in after three months, feel free to try it out.

More Visit broker

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?

Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and 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 ~100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria.

The 5 most important criteria for online brokers are:

5 important criteria for the best international online brokers
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-friendlyAand 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 2019 for citizens in Pakistan:

Best international online brokers for citizens in Pakistan
Interactive BrokersSaxo BankIGeToroPlus500
Overall score4.84.74.54.44.4
Award Best online broker Best trading platform Best FX broker Best social trading
Fees score 4 stars 3 stars 2 stars 4 stars 4 stars
Account opening score 3 stars 3 stars 4 stars 5 stars 5 stars
Deposit and withdrawal score 2 stars 5 stars 5 stars 4 stars 5 stars
Markets and products score 5 stars 4 stars 3 stars 3 stars 2 stars
Web platform score 4 stars 5 stars 5 stars 4 stars 4 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Interactive Brokers is our winner, the best in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
All brokers are considered safe, and a great choice. Pick the winner, or any runner-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 broker for you.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
Follow Brokerchooser on Twitter

Share

Comments