If you are looking for the best Forex brokers in Pakistan in , this list of brokers may help.

You can also do research online to find the best Forex broker in Pakistan. FBS Review. Many traders are currently trading Forex in Pakistan. Not only that, most of them are trading Forex successfully to make money. Forex trading is also known as Foreign exchange trading. People from different backgrounds are trading Forex, from large companies to part-time small traders operating from their home.

In Pakistan, it has got accessible to many traders from remote areas with the proliferation of the internet. Now, many traders trade from the comfort of their home and make some additional income. Hence, Online trading brokers are opening their regional offices to cater to Forex traders in Pakistan. When we talk about forex trading — maximum traders are from Karachi and Islamabad.

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Karachi being the capital and financial hub, Forex trading in Karachi has become an attraction among traders. Every trader wants to know about the legal aspect of Forex trading.

Get Started with Forex in Pakistan

Several Forex trading companies have offices in Karachi and operate while complying with Pakistan regulators. Sign up with any of these brokers to start trading Forex in Pakistan.

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These are special Forex trading accounts that do not charge any interest or Ribba and comply with Islamic principles. It is also known as Swap-Free Forex accounts. You can ask your account manager or support team to offer you a Halal Forex account or Islamic Forex Account.

Top Pakistani Forex Brokers Overview

As you know that the values of currencies keep changing, so the exchange rates vary. The changes in those rates are determined by thousands of traders buying currencies with other currencies.

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It determines what each currency is worth in relation to the other. Currency prices can sometimes change very fast in response to news and global events. Forex traders look at some essential factors like — political and economic stability, monetary policy, currency intervention, major political events, and natural disasters. Forex traders in Pakistan take advantage of these factors, and trade currencies to make money. The trader predicts how the exchange rate between the two currencies will change.

If they are right then the value of their currency increases and they can sell it for a profit. The Pakistani Rupee as we know it today was first circulated in the country after the British Raj was dissolved in However, new bank notes and coins were put into use in for the new Rupee currency. Similarly to the Indian Rupee, the Pakistani Rupee was originally broken down into 16 annas of 4 pice or 12 pie, but in the currency was decimalised, and the Rupee was instead divided into pice or paise.

No paise coins have been issued since It is a semi-industrialised country, with large centres of growth having developed around the Indus River, and in major urban centres such as the Punjab, while other areas remain less developed. In the past, Pakistan has suffered from several internal political disputes as well as a rapidly growing population and varying levels of investment from abroad.

The country is in the process of becoming economically liberalised, with privatisation of government corporations taking place in an attempt to attract overseas investment and decrease the deficit in the budget. Although there was hope that the tourist industry would be the next big thing for the country, this has not yet materialised. While about a million tourists have visited the country to see its diverse landscapes and cultures, the numbers of visitors from abroad has gradually declined in recent years due to fears over terrorism.

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