I have demo accounts on both Exness and HFM platforms. Few days ago I received a text message from gov. stating that online forex apps or channels like Exness, octafx, etc are illegal. I had emailed HFM few days back and have not received any response. If anyone has information which kind of forex trading platforms legal please.
Just make sure that your broker is following your country’s compliance, so i hope you get a response from them as soon as possible. Not from pakistan here, but you can try out my broker fxview as they allow pakistani traders to trade with them. Well- regulated, so that should ease your worries
i have been using “XM Global” since 2022 in Pakistan. never occurred any issue with broker or country’s compliance. Just make sure 1 thing whenever you deposit to or withdraw from your real account, never use word forex or fx etc. in your beneficiary transactions.
I cant comment much really, but I do read some instances with forex trading in both pakistan and india it can be really tricky, kinda not allowed but doable. brokers such as HFM XM exness and there is on more (i forgot which one) that are pretty popular in that region. best way to be sure is maybe find a local fb group with local traders and inquire how they do things, just be sure that you are not investing anything you can not afford to lose, forex is really risky…