Is forex trading legal in Pakistan?

The regulated route is PMEX currency futures through SECP-licensed brokers. Offshore platforms hold no authorization, and the SECP warns against them while stopping short of addressing individual traders; the activity sits in a gray zone where enforcement has targeted platforms and promoters.

Are broker bonuses available to Pakistani traders?

Offshore brokers extend their standard global promotions where their eligibility lists allow. No Pakistani rule addresses bonus terms, because no Pakistani regulator licenses the activity at all.

What limits apply to funding an account abroad?

SBP exchange controls cap individual FX purchases annually and have shifted foreign currency dealings to digital channels. Direct wires to brokers are hard, so funding tends to run through cards, e-wallets and crypto rails, each adding a counterparty between you and your money.

Do I pay tax on trading profits in Pakistan?

Yes. Gains are taxable under the Income Tax Ordinance and reported to the FBR, with filer status determining the rate band. Non-filers pay materially more, which makes regularizing status part of the trading economics.

Bonus availability

Broker bonuses in Pakistan

78 bonuses we have verified as available to traders in Pakistan.

Pakistan has a large and persistent retail forex community and a regulator that plainly disapproves of where most of it trades. The SECP licenses no retail forex or CFD brokers, warns repeatedly that offshore platforms operate without authorization, and has referred platforms to the FIA for blocking.

Bonuses available in Pakistan

#	Broker	Bonus	Type	Rating
1	XM	100% match up to $100Deposit match	Deposit match	4.3
2	BitMart	Referral commission on invitees' trading feesReferral	Referral	4.2
3	Tickmill	$1,000 monthly cash prizeContest	Contest	4.2
4	CoinEx	70 USDT in fee rebate vouchersSign-up reward	Sign-up reward	4.1
5	Errante	Up to 30% deposit match (credit, non-withdrawable)Deposit match	Deposit match	4.1
6	Fusion Markets	$50 to $250 eachReferral	Referral	4.1
7	M4Markets	50% credit bonus on each depositDeposit match	Deposit match	4.1
8	CoinEx	Trading fee commissionReferral	Referral	4.0
9	OKX	Up to $400 in BTC (first step about $5)Sign-up reward	Sign-up reward	3.9
10	Pepperstone	Pro: $50 to $1,000 cash; retail: 20 free tradesReferral	Referral	3.8
11	Binance	$100Sign-up reward	Sign-up reward	3.7
12	Grand Capital	No-deposit trading creditNo-deposit	No-deposit	3.7
13	IronFX	100% deposit match (non-withdrawable credit)Deposit match	Deposit match	3.7
14	IronFX	40% deposit credit bonusDeposit match	Deposit match	3.7
15	Windsor Brokers	$50 to $500 cash, first deposit plus lotsSign-up reward	Sign-up reward	3.7
16	Admiral Markets	100% match up to $5,000Deposit match	Deposit match	3.6
17	FxPro	Up to 15% monthly spread/commission rebate (Platinum tier)Volume rebate	Volume rebate	3.6
18	Tickmill	$30No-deposit	No-deposit	3.6
19	BlackBull Markets	Welcome bonusSign-up reward	Sign-up reward	3.5
20	Crypto.com	About $5 to $15 in CROSign-up reward	Sign-up reward	3.5
21	FXTM	100% match up to $500Deposit match	Deposit match	3.5
22	HFM	100% match up to $50,000Deposit match	Deposit match	3.5
23	Vantage	150% match up to $1,500Deposit match	Deposit match	3.5
24	VT Markets	50% first-deposit creditDeposit match	Deposit match	3.5
25	AMarkets	Cash per referralReferral	Referral	3.4
26	BingX	20% trading fee discount + small staged sign-up vouchersSign-up reward	Sign-up reward	3.4
27	Coinbase	$5Sign-up reward	Sign-up reward	3.4
28	FreshForex	15% of first deposit, up to $500 in real fundsDeposit match	Deposit match	3.4
29	FXOpen	15% match up to $1,000Cashback	Cashback	3.4
30	FXTM	Reward Points, 500 = $1Loyalty program	Loyalty program	3.4
31	Grand Capital	Per-lot cash rebate by trading-streak statusVolume rebate	Volume rebate	3.3
32	Weltrade	100% match up to $500Deposit match	Deposit match	3.3
33	ForexMart	30% on every depositDeposit match	Deposit match	3.2
34	FxPro	Cash reward per referralReferral	Referral	3.2
35	JustMarkets	120% match up to $40,000Deposit match	Deposit match	3.2
36	KuCoin	USDT and coupons for new usersSign-up reward	Sign-up reward	3.2
37	M4Markets	Per-lot referral rewardReferral	Referral	3.2
38	XM	$30No-deposit	No-deposit	3.2
39	ForexMart	20% of every depositDeposit match	Deposit match	3.1
40	Octa	50% matchDeposit match	Deposit match	3.1
41	Windsor Brokers	20% on every deposit at the Silver starting tierDeposit match	Deposit match	3.1
42	FreshForex	$50 no-deposit creditNo-deposit	No-deposit	3.0
43	FXTM	$10 to $100 per friend, paid in Reward PointsReferral	Referral	3.0
44	NordFX	Per-lot insurance bonus on Margin CallVolume rebate	Volume rebate	3.0
45	RoboForex	$30No-deposit	No-deposit	3.0
46	BloFin	Up to 30 USDT in futures bonusSign-up reward	Sign-up reward	2.9
47	FreshForex	300% deposit matchDeposit match	Deposit match	2.9
48	SuperForex	No deposit bonus (up to $50 withdrawable)No-deposit	No-deposit	2.9
49	ThinkMarkets	$15Referral	Referral	2.9
50	WhiteBIT	20% off all trading feesFee discount	Fee discount	2.9
51	BTCC	About 45 USDT in vouchersSign-up reward	Sign-up reward	2.8
52	SuperForex	50% on every depositDeposit match	Deposit match	2.8
53	Eightcap	Up to 50% (tiered)Deposit match	Deposit match	2.7
54	FP Markets	Up to $200Referral	Referral	2.7
55	HTX	Mystery boxes of random crypto plus futures trial creditSign-up reward	Sign-up reward	2.7
56	IC Markets	$1.5/lotVolume rebate	Volume rebate	2.7
57	BitMart	13 USDT in vouchers for new usersSign-up reward	Sign-up reward	2.6
58	Bitget	Futures vouchers, not cashSign-up reward	Sign-up reward	2.5
59	IC Markets	100% match up to $25,000Deposit match	Deposit match	2.5
60	Pepperstone	20 commission-free trades (about $7 per lot)Fee discount	Fee discount	2.5
61	Grand Capital	40% on every depositDeposit match	Deposit match	2.4
62	InstaForex	30% on every deposit, no capDeposit match	Deposit match	2.3
63	MEXC	USDT 40Sign-up reward	Sign-up reward	2.3
64	Bitunix	2 to 6 USDT futures bonusSign-up reward	Sign-up reward	2.0
65	WEEX	About 20 USDT in non-withdrawable vouchersSign-up reward	Sign-up reward	2.0
66	Apex Trader Funding	Up to 92% off evaluationsEvaluation discount	Evaluation discount	Perk
67	BTCC	25% of referee fees, up to 500 USDT per friendReferral	Referral	Not rated
68	eToro	Up to 3.80% a yearInterest on balance	Interest on balance	Perk
69	Exness	Free VPSFree VPS	Free VPS	Perk
70	FP Markets	Free VPSFree VPS	Free VPS	Perk
71	FundedNext	47% off Flex futures challengesEvaluation discount	Evaluation discount	Perk
72	FundedNext	Up to 50% off Rapid futures challengesEvaluation discount	Evaluation discount	Perk
73	FundedNext	Up to 41% off small Stellar challengesEvaluation discount	Evaluation discount	Perk
74	HFM	Up to 3% a yearInterest on balance	Interest on balance	Perk
75	HFM	Deposit bonus (rate shown in your Client Area)Deposit match	Deposit match	Not rated
76	RoboForex	Up to 10% a yearInterest on balance	Interest on balance	Perk
77	Take Profit Trader	40% off the TestEvaluation discount	Evaluation discount	Perk
78	Windsor Brokers	0.4% to 2% annual interest in loyalty pointsInterest on balance	Interest on balance	Perk

69 more offers we track are not available to residents here.

There is one regulated domestic route: currency futures on PMEX through SECP-licensed brokers. Everything else runs offshore in a gray zone, constrained less by securities law than by the State Bank's exchange controls. This page lays out both paths honestly before listing the offers we have verified.

Which bonuses you can claim

The official position is unambiguous about platforms and silent about individuals. The SECP has stated plainly that offshore forex and trading platforms hold no authorization, offer users no legal protection or recourse, and that promoting them locally invites enforcement. Whether an individual trading personal funds through a foreign broker commits an offence is not addressed in those warnings; the enforcement record targets platforms and promoters. That is a gray zone, and it should be treated as one.

No rule addresses bonuses because no regulator recognizes the underlying activity: offshore brokers apply their standard global promotions wherever their own eligibility lists allow. The regulated alternative is real but narrower, rupee currency futures and gold on PMEX through licensed brokers, without international bonus programs but with a domestic regulator attached.

Exchange controls shape the practical path. Individuals face annual FX purchase ceilings, cash channels have been progressively restricted in favor of digital ones, and direct wires to foreign brokers are difficult, which is why funding commonly runs through cards, e-wallets and crypto rails. Every added step is a counterparty; small amounts and early withdrawal tests are the sensible posture, and no bonus percentage changes that arithmetic.

Who regulates trading in Pakistan

Securities and Exchange Commission of Pakistan (SECP) secp.gov.pk ↗

Regulates the corporate sector and capital markets. It licenses no retail forex or CFD brokers, warns publicly against unauthorized online trading platforms, and has referred named platforms to the FIA and the telecom authority for blocking.
State Bank of Pakistan (SBP) sbp.org.pk ↗

The central bank administers exchange controls under the Foreign Exchange Regulation Act, sets individual FX purchase and remittance limits, and since late 2025 requires foreign currency purchases for resident accounts to move through digital channels.
Pakistan Mercantile Exchange (PMEX) pmex.com.pk ↗

The only SECP-licensed commodity and currency futures exchange. Residents can legally trade rupee-based currency futures and commodities such as gold through licensed PMEX brokers, the one domestically regulated route to currency exposure.

Trading in Pakistan

Local currency: PKR

Pakistani retail activity spans offshore forex majors, gold in both its PMEX and informal forms, and a large crypto segment used as much for funding as for speculation. Dollar-settled offshore accounts dominate the informal side.

Trading profits are taxable: gains fall under the Income Tax Ordinance and are reported to the FBR, with rates that depend on filer status, running materially higher for non-filers. Records matter doubly here, for the FBR and for proving the provenance of funds moving through controlled channels.

Frequently asked questions

Is forex trading legal in Pakistan?: The regulated route is PMEX currency futures through SECP-licensed brokers. Offshore platforms hold no authorization, and the SECP warns against them while stopping short of addressing individual traders; the activity sits in a gray zone where enforcement has targeted platforms and promoters.
Are broker bonuses available to Pakistani traders?: Offshore brokers extend their standard global promotions where their eligibility lists allow. No Pakistani rule addresses bonus terms, because no Pakistani regulator licenses the activity at all.
What limits apply to funding an account abroad?: SBP exchange controls cap individual FX purchases annually and have shifted foreign currency dealings to digital channels. Direct wires to brokers are hard, so funding tends to run through cards, e-wallets and crypto rails, each adding a counterparty between you and your money.
Do I pay tax on trading profits in Pakistan?: Yes. Gains are taxable under the Income Tax Ordinance and reported to the FBR, with filer status determining the rate band. Non-filers pay materially more, which makes regularizing status part of the trading economics.

Keep exploring

Sources

Researched by the BrokerBonuses editorial team. Last reviewed 2026-07-22. · How we research

SECP action against unauthorized forex and brokerage companies: secp.gov.pk ↗
SBP Foreign Exchange Manual: sbp.org.pk ↗
Pakistan Mercantile Exchange: pmex.com.pk ↗