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The Best and Trusted Forex Brokers in Pakistan 2020

Although Forex is not popular in Pakistan, it is legal. This means that investors can still get brokers who operate outside Pakistan. If you want to find a broker in Pakistan, here are some important factors to consider when choosing one:

When it comes to forex trading, Pakistan is a huge potential market for investors. Pakistan presently faces a financial crisis, and with a struggling populace, arises the need to explore previously underutilized areas of the economy. Forex exchange could open a new avenue for Pakistani investors who wish to upgrade their financial position.

Although Forex is not popular in Pakistan, it is legal. This means that investors can still get brokers who operate outside Pakistan. If you want to find a broker in Pakistan, here are some important factors to consider when choosing one:

  • Regulation and Trust Score

Whether a broker operates in Pakistan or outside the country, it is important to know their regulatory bodies. Regulatory authorities are tasked with making sure that financial institutions operate within the law. Most forex brokers are regulated by the regulatory agencies of other forex-friendly countries such as Cyprus, the US, and The UK. However, to find a trusted forex broker in Pakistan, you will need to find one that is regulated by the Securities and Exchange Commission of Pakistan. The SECP is tasked with overseeing the trading of securities and futures. It also governs banking, insurance, mortgage providers and REITS. By extension, the State Bank of Pakistan (SBP) regulates financial activities in the country.

Trust scores are calculated based on various parameters. Regulation history, business history, and liquidity providers are all factors that determine a brokers trust score. The highest trust score awarded to a broker is AAA.

Recommended Top Regulated Forex Brokers in 2020

Broker Info Bonus Open Account
OCTAFX forex brokerOCTAFX forex broker Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), CySEC
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. Visit Broker
new logo FBS Markets incnew logo FBS Markets inc Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$100 No-Deposit Bonus, 100% Deposit Bonus Visit Broker
xm best forex brokerxm best forex broker Min Deposit: $5
Spread: From 0 Pips
Leverage: 500:1
Regulation: ASIC, CySEC, FCA (UK), IFSC Belize
“50% +20% deposit bonus up to $5,000, Loyalty Program Bonus Visit Broker
exness forex broker reviewexness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
Forex.com Gain Capital reviewForex.com Gain Capital review USA Min Deposit: $50
Spread: Starting 0 Pips
Leverage: up to 400:1
Regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
Visit Broker
No Deposit Bonus Instaforex BrokerNo Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker
Pepperstone review best forex broker in AustraliaPepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
Visit Broker
iq option best binary options brokersiq option best binary options brokers Min Deposit: $10
Spread:
Leverage:
Regulation: CySEC
Visit Broker
etoro best forex brokeretoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, FCA, CySec
Visit Broker
City Index forex brokerCity Index forex broker Min Deposit: $100
Spread: Starting 0 Pips
Leverage: up to 500:1
Regulation: FCA UK, ASIC Australia, MAS Singapore
Visit Broker

A broker makes money by charging commission per trade. Commission based trades are not favorable to the trader, so most brokers get their profits from spreads. Common currency pairs have tight spreads and are considered profitable. This is seen in currency pairs such as Pound/Euro pair. Wider spreads are less profitable.

  • Customer support

A good forex broker should have a customer support system that offers timely assistance to clients. The global forex market never sleeps, and trading happens 24 hours a day in different markets. Rather than providing automated responses, a good broker’s customer support service should enable the investor to speak to a live correspondent. The respondent should be able to answer queries regarding spreads, withdrawals, and deposits in a concise and timely fashion. They should also be in a position to let you know the expected waiting time on an issue.

  • Trading platforms

A trader’s platform is their most significant tool of the trade. An excellent trading platform should be visually appealing and responsive. Most platforms offer a great interface that makes it easy for a trader to transact. For instance, some trading platforms will have a quickly accessible buy and sell buttons. Some even have buttons that close all open positions. The best forex brokers operate a number of trading platforms, most common among them being the popular MT4 platform.

Reliable forex brokers should be in a position to offer different types of accounts. A reliable forex broker should provide an Islamic account. An Islamic account is considered Halal under sharia law and does not accrue interest for overnight positions. Since Sharia law forbids charging interest, a broker makes money by charging fixed commissions against the investors account balance. Another option for the broker is to widen the spread on trades. However, if an investor opts for a different broker, they can still trade using other accounts such as micro accounts, mini accounts, and VIP accounts. Each account has a different amount of entry capital required, with VIP accounts having an entry barrier of up to $20,000. Before live trading, a reliable broker should be able to offer traders a demo account. A demo account allows the trader to hone their skills before getting into live trading.

Also Read: Best Islamic Forex Brokers – Sharia / Swap-Free Account

  • Ease of Deposit and withdrawal

A reliable broker provides traders with some options through which they can promptly deposit and withdraw their money. Most brokers allow PayPal, Skrill, direct wire transfers and card payments. It is also important to know if these transfers carry any fees. If a broker provides shady or complicated deposit and withdrawal avenues, it is best to seek alternatives. There is no set checkbox for who the best forex broker is. It is up to you to choose what suits you and assess your options. With the right choice, you can get a reliable forex broker in Pakistan and reap enormous profits.

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Online Trading platform SIRIX

best-forex-demo

SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

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Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

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Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

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