In order to trade successfully, it is very important to choose the right broker. in Pakistan, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best forex brokers for swap-free trading in Pakistan 2026. You can compare their features and trading conditions.
1
XM - Best for swap-free trading in Pakistan
XM is a globally recognized broker, operating in nearly 190 countries and serving over 15 million traders. In 2025, the company marks its 15th anniversary. It provides access to more than 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. Licensed by CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai), FSC (Belize), FSA (Seychelles), FSC (Mauritius), CMA (Kenya) and SCA (United Arab Emirates), XM offers a secure and regulated trading environment.
The broker ensures high-speed order execution without requotes, with 99.35% of trades executed almost instantly. Leverage is up to 1:1000 in some non-EU countries, while strict European compliance applies in other regions, and spreads start from 0.8 pips.
XM runs multiple bonus programs, adapts trading conditions to each client’s country, and provides negative balance protection. Accounts are available for traders of any level and strategy, and for passive income, the broker offers a copy trading platform for investors as well as experienced traders willing to share their strategies.
👍 Advantages of trading with XM for traders from Pakistan:
•Regulation in six jurisdictions;
•Accounts designed for different strategies and levels of trader experience;
•Minimum deposit of $5;
•Various bonuses, trading competitions, and an affiliate program;
•100% order execution;
•No markup on tight market spreads;
•Access to more than 1,400 instruments;
•No deposit or withdrawal fees;
•24/7 multilingual support in over 30 languages.
👎 Disadvantages of XM for traders from Pakistan:
•The support service operates 24/5.
•A small number of analytical tools.
•Copy trading and stock trading accounts are not available in all countries.
2
Pepperstone - Best for swap-free trading in Pakistan
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA, SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions.
👍 Advantages of trading with Pepperstone for traders from Pakistan:
•Attractive trading conditions.
•Fast order execution - 30 ms on average.
•1,200+ trading instruments.
•Low fees.
•No inactivity fee.
•Support service works only 24/7.
👎 Disadvantages of Pepperstone for traders from Pakistan:
•No cent account.
•Not available to US clients.
•Limited passive trading opportunities.
•Limited analytical materials available on the site.
•No news section.
•Demo accounts can trade for free for 60 days.
3
Moneta Markets - Best for swap-free trading in Pakistan
Moneta Markets has provided its services in financial markets for over 10 years. It offers more than 1,000 trading instruments, including currency pairs, 700+ CFDs on stocks, indices, commodities, bonds, and ETFs (exchange-traded funds). This broker is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 47490, and by the FCA under license number 613381.
Moneta Markets boasts over 70,000 trading accounts and processes more than 1.5 million trades totaling $100 billion each month. The broker caters to both active traders and passive investors who favor social trading.
👍 Advantages of trading with Moneta Markets for traders from Pakistan:
•Minimum deposit is only $50;
•Three account types that are suitable for both novice traders and professionals;
•Demo account for novice traders to test trading conditions and strategies;
•Possibility of passive income by connecting to social trading services;
•Negative balance protection.
👎 Disadvantages of Moneta Markets for traders from Pakistan:
•Small choice of payment methods for depositing and withdrawing funds;
•No cent accounts for trading with reduced risks.
4
FIBO Group - Best for swap-free trading in Pakistan
Fibo Group broker is an international financial holding company, it has been operating since 1998. It is considered to be one of the first brokers to operate in the Forex market. The company offers a wide range of services for trading and investing. Fibo Group is an award-winning company, having won “Best ECN Broker” at the Forex EXPO in 2014 and “The Most Trusted Forex Broker 2014” according to the International Investment and Finance Exhibition of China. These achievements are a testament to their high quality. The broker is licensed by FSC. Jurisdiction - British and Virgin Islands (SIBA/L/13/1063).
👍 Advantages of trading with FIBO Group for traders from Pakistan:
•a wide range of trading platforms, including terminal versions for mobile devices.
•24/7 technical support.
•large selection of currency pairs (over 60).
👎 Disadvantages of FIBO Group for traders from Pakistan:
•penalties and fees for early money withdrawal from a PAMM account.
•customer service is available 24/7, but often there is a response delay of 12 hours or more.
•a fairly modest program for bonuses, promotions, and special offers.
•large minimum deposits, which can be a problem for the beginner traders.
•relatively high spreads, especially when working with not the most popular trading instruments.
5
AvaTrade - Best for swap-free trading in Pakistan
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA (45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders from Pakistan:
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock;
•provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars.
👎 Disadvantages of AvaTrade for traders from Pakistan:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
TOP 5 Comparison
This table makes it easy to compare the best forex brokers for swap-free trading in Pakistan for 2026 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| XM | Pepperstone | Moneta Markets | FIBO Group | AvaTrade | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
AppTrader, MetaTrader4, MetaTrader5, PRO Trader |
MT4, Mobile Trading, MultiTerminal, CQG, cTrader |
MT4, Mobile Trading, AvaTrader, AvaOptions, AvaSocial, AVA Option, MT5 |
|
Min deposit |
$5 |
$1 |
$50 |
$300 |
$100 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:200 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0.8 points |
From 0.9 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Instant Execution |
STP, ECN |
NDD, Market Maker |
Instant Execution |
|
No deposit bonus |
$30 |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
No |
No |
No |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
XM Commissions and Fees
Traders Union analysts have analyzed the main and additional commissions for each XM Broker account. There are no additional commissions on all accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Ultra Low |
From 6 USD |
No |
|
Zero |
From 0 USD |
No |
Pepperstone Commissions and Fees
Pepperstone’s commissions and fee structure has been reviewed by our professional analysts for trading and non-trading commissions. The company's spread was considered as a trading commission. Our professional analysts also categorized additional fees charged for withdrawing funds as non-trading commission additional fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Razor |
From $0 |
No |
|
Standard |
From $1 |
No |
Moneta Markets Commissions and Fees
Depending on the account type, this broker's fee is from $0-$3 per lot, and spreads are from 0-1.2 pips. This broker does not charge deposit and withdrawal fees. However, banks and payment systems can charge fees in accordance with their internal regulations.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Direct |
$12 |
No |
|
Prime |
$0 |
No |
|
Ultra |
$0 |
No |
FIBO Group Commissions and Fees
We have analyzed Fibo Group trading conditions for the presence of explicit and hidden commissions. It is important to emphasize that there are no hidden commissions in the company, the commission for account replenishment via WebMoney is 0.8%, Skrill is 3.9%. When making a deposit through Connectum, RegularPay, Blockchain.com, BITPAY, Raidospare, Neteller - there is no commission. When replenishing through a bank transfer, the size of the commission depends on the sending bank and is about $35-50. When replenishing with a credit card through the YooMoney service, the commission is 2.35%. Withdrawal fee - from 0.8% to 4%, depending on the selected method of withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Cent |
From $0.06 |
Yes |
|
Fixed |
From $20 |
Yes |
|
NDD |
From $0 |
Yes |
|
cTrader NDD |
From $0 |
Yes |
|
NDD No Commission |
From $8 |
Yes |
|
MT5 NDD |
From $0 |
Yes |
AvaTrade Commissions and Fees
The broker has been checked by our experts for the existence of explicit and hidden commissions, in particular a commission for trading volume and withdrawal of funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From 0 to 20 US dollars, depending on the platform |
No |
Summary
Many brokers are available for traders from Pakistan, but not all of them offer good conditions. In this review, TU experts chose the Best forex brokers for swap-free trading in Pakistan 2026. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Forex Brokers For Swap-Free Trading in Pakistan
| XM | Pepperstone | Moneta Markets | FIBO Group | AvaTrade | |
|---|---|---|---|---|---|
|
Overall score |
9.35 |
9.3 |
8.95 |
7.5 |
7.56 |
|
Execution of orders |
9.35 |
9.15 |
6.21 |
6.54 |
8.05 |
|
Investment instruments |
10 |
10 |
9.6 |
6.8 |
10 |
|
Withdrawal speed |
7 |
7 |
6 |
6 |
5 |
|
Customer Support work |
9.6 |
7 |
6.5 |
5.6 |
7.9 |
|
Variety of instruments |
8.02 |
6.32 |
4.61 |
4.37 |
8.45 |
|
Trading platform |
8.9 |
7.3 |
6.2 |
5.7 |
6.8 |
|
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FAQ
Can you earn passive income in the financial markets?
Yes, the best brokers in Pakistan offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
Best Forex Brokers For Swap-Free Trading by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
