Forex in Pakistan. The SECP (Securities and Exchange Commission of Pakistan) is the regulatory body in Pakistan located in Islamabad. The SECP allows authorized brokers to provide a maximum 1:10 leverage for Forex trading. Pakistani Traders living abroad are not subject to this regulation. The Pakistani financial regulator adopted a law that makes trading illegal for all brokers who have no special license therefore such investing instrument is not available for citizens but people may continue trading without any sanctions. IQOption is a broker of binary options and classic vanilla options. The broker is one of the market leaders chosen by many binary options traders, thanks to the excellent trading platform and its seriousness. The broker is regulated in Europe, it is recognized as one of the most reliable brokers on the binary options market. IQOption offers: IQ Option is a platform for trading forex with total security and guarantee. To be aware of its security level, just take a look at its global figures. The most striking is knowing that it has more than 20 million users in the world spread over more than 150 countries. You can legally earn big money thanks to IQ Option and trading on bitcoin in Pakistan. The company has all the necessary documents, licenses, pays taxes and acts under local law. Big money. They say that the largest profits are made in the illegal business, but the IQ Option platform and binary options trading refute this statement. Is Forex trading legal in Pakistan? Yes, Forex trading is completely legal in Pakistan, with no laws restricting Pakistani residents from opening trading accounts with the best Forex brokers in Pakistan. Is leverage trading halal or haram? Trading with leverage involves borrowing money at interest, so it is haram. The latter managed to establish itself as one of the most popular Asian countries in terms of Forex trading. It is still developing, and almost every month, new Forex brokers emerge in the country. Pakistan has seen a huge growth in Forex Trading over the past 6 years. It offers traders over 300 trading options, including Forex, binary options, CFDs and cryptocurrency and has clients located all over the world. IQ Option is well-suited to traders resident in Pakistan as it fulfils all of the requirements defined by the SECP (Securities and Exchange Commission of Pakistan) meaning you can trade legitimately. With the daily trading volume worth of 5,3 trillion dollars, the Forex market has no equal in the world of international finance. Forex and CFDs are margin based instruments. Which means you can trade with a much bigger capital than you have. Is online Forex trading legal in Pakistan? Online forex trading is legal in Pakistan. According to the State Bank of Pakistan rules; foreign exchange can be physically transferred and traded by banks and money exchangers. Is there any specific law that bans Pakistanis from trading forex online? There is no law that bans Pakistanis from trading forex online. This puts Pakistan in a grey area.
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