Exness Legal Pakistan

The Legal Framework for Forex Trading in Pakistan

Forex trading in Pakistan is legal, but the regulatory environment is complex and somewhat ambiguous, particularly for international brokers like Exness. The two primary authorities overseeing financial markets in Pakistan are the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP)

The Role of the SECP

The SECP is the primary regulatory body for Pakistan’s financial markets, including securities, commodities, and forex trading. Its mandate, under the Securities Act, 2015 and the Securities and Exchange Commission of Pakistan Act, 1997, is to ensure transparency, protect investors, and prevent fraudulent practices. The SECP regulates local brokers and trading platforms, requiring them to adhere to strict guidelines, such as maintaining segregated client accounts, complying with anti-money laundering (AML) protocols, and following Know Your Customer (KYC) procedures. ng an account.