Is IG Legal In Pakistan?
No, IG is not legally authorized to provide online trading in Pakistan. IG also doesn’t accept traders from Pakistan – we confirmed this by trying to open an account from a Pakistani IP address and by checking with the broker’s support.
Written ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses. James has also been on US and UK TV, and been a guest on finance podcasts, discussing reports conducted by BrokerListings.com and sharing his expertise.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByWilliam Berg
William Berg combines his expertise in law and finance to analyze trading brokers. He has checked 3,250+ regulatory licenses, investigated 2,365+ broker clones and trading scams, and placed 3,500+ trades.
William Berg Profile PageSeptember 11, 2026
If you want a broker that caters to Pakistani residents with features like Islamic trading accounts, FOREX.com performed the best in our tests.
Is IG Regulated In Pakistan?
No, IG is not regulated by either of the two financial agencies that govern financial trading products:
- The Securities and Exchange Commission of Pakistan (SECP): Licenses brokerages operating inside the country
- The State Bank of Pakistan (SBP): Oversees foreign exchange transactions and rules
Neither the SECP nor SBP grants licenses to CFD brokers such as IG. We also downloaded the list of licensed securities brokers and futures brokers from the SECP and searched for ‘IG’. There was a similarly spelt ‘IGI Finex Securities Limited’, but this is not related to IG.
Does IG Accept Residents From Pakistan?
No, IG does not accept traders from Pakistan. Despite some affiliate marketing websites claiming they do, we confirmed they don’t. We asked IG’s live chat support, who said they don’t, as you can see below.
IG support conversation
However, because IG uses an AI chatbot, we wanted to double-check this. So, we tried to sign up for an account using a VPN set to an IP address in Karachi, but when it came to selecting the country we were from in the country drop-down, which is listed alphabetically, Pakistan was not on the list. It should have appeared where the red arrow is below.
IG country drop-down menu
Alternatives To IG For Pakistani Traders
If you’re a Pakistani resident wanting to use an international CFD broker, it’s important to be aware of the risks. If you encounter withdrawal issues or other problems, the Pakistani legal system and law enforcement agencies may not help recover your funds.
Also, in 2022, the State Bank of Pakistan told banks and exchange firms to halt payments to overseas FX and CFD platforms. The Pakistan Telecommunication Authority (PTA) and the Federal Investigation Agency (FIA) have also blocked access to the unauthorized domains of some offshore brokers under FERA 1947.
The alternative is a locally regulated broker with access to the Pakistan Mercantile Exchange (PMEX). However, they tend to offer futures on the centralized clearing exchange, rather than contracts for difference (CFDs), which are popular with short-term traders and offered by many decentralized overseas brokers.
If you want to use a global brokerage, it’s worth finding a firm that provides the features and environment that will make your trading experience smoother as a Pakistani resident. Notably, Islamic accounts so no swaps are charged on overnight CFD positions and trading accounts in PKR to make managing transfers and balances smoother while reducing conversion fees.