FXTM in Pakistan: Is it Available and Legit?
As of June 2026, FXTM is available to traders and investors in Pakistan. This accessibility confirms the broker's authorization to operate within Pakistan and its compliance with the necessary regulatory requirements.
Essential details of FXTM services in Pakistan
FXTM is accessible to traders and investors in Pakistan. Key highlights include:
- Pakistan residents can open an account with FXTM
- FXTM has earned an overall rating of 6.84/10 points according to our methodology.
- FXTM received 10/10 points for regulation and safety.
- For more detailed information, see our comprehensive FXTM review.
Is FXTM a regulated broker? Is it safe?
FXTM is a regulated Forex broker operating under the supervision of the following regulatory authorities:
| Regulator | Full Name | Country | Protection Fund | Regulation level |
|---|---|---|---|---|
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Full Name The Capital Markets Authority | Country Kenya | Protection Fund KES 50,000 | Regulation level Tier-2 |
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Full Name Capital Market Authority | Country United Arab Emirates | Protection Fund No specific fund | Regulation level Tier-2 |
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Full Name Financial Conduct Authority | Country United Kingdom | Protection Fund Up to £85,000 | Regulation level Tier-1 |
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Full Name Financial Services Commission of Mauritius | Country Mauritius | Protection Fund No specific fund | Regulation level Tier-3 |
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Full Name Financial Sector Conduct Authority of South Africa | Country South Africa | Protection Fund No specific fund | Regulation level Tier-2 |
Is FXTM safe to use in Pakistan?
A broker’s security is largely defined by its regulatory status. FXTM is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, FXTM received a Regulation and safety score of 10/10, placing it among the most secure brokers.
Is Forex trading allowed in Pakistan? Is Forex taxable in Pakistan?
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Forex
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Licensing in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) oversees the regulation of Forex brokers and trading platforms in Pakistan. Forex brokers operating in the country are required to obtain licenses from the SECP to offer their services legally. The licensing process typically involves meeting certain criteria and complying with regulatory requirements set by the SECP.
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Investor protection in Pakistan
The SECP implements various measures to protect Forex investors in Pakistan:
- regulatory oversight. The SECP monitors Forex brokers' activities to ensure compliance with regulatory requirements and investigate any cases of misconduct or fraud
- disclosure requirements. Forex brokers are required to provide clear and accurate information to investors about the risks associated with Forex trading, including potential losses and leverage risks
- client fund protection. Licensed Forex brokers are typically required to segregate client funds from their own operational funds. This segregation helps protect investor funds in the event of broker’s insolvency
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Taxation in Pakistan
Income derived from Forex trading is generally subject to taxation in Pakistan. Profits from Forex trading are usually treated as capital gains and are subject to capital gains tax. The tax rate may vary depending on the holding period and other factors. Forex traders are required to report their trading activities and pay taxes on their profits to the Federal Board of Revenue (FBR). Taxpayers should maintain accurate records of their Forex transactions for tax reporting purposes.
FXTM vs other regulated brokers in Pakistan
To provide a clear understanding of available options for traders in Pakistan, Traders Union compared FXTM trading conditions with those of other regulated brokers accepting clients in the region.
| FXTM | IUX | XM | ||
|---|---|---|---|---|
| Regulation | FSC (Mauritius), FSCA, SCA (UAE), FCA, CMA (Kenya) | FSC, FSCA, ASIC, FSA SVG | CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius), SCA (United Arab Emirates), CMA (Kenya) | |
| Minimum deposit | $200 | $50 | $5 | |
| Currency pairs | 60 | 34 | 57 | |
| Floating spread EUR/USD, min pips | 1.1 | 0.6 | 0.7 | |
| Floating spread EUR/USD, max pips | 2.1 | 0.8 | 1.2 | |
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.