Visit FxProAlfalah CLSA Securities in Pakistan — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
Key facts (4 facts)
- Onboarding entity
- of Bank Alfalah Limited
- Founded
- 2004
- Currencies
- PKR
- Swap-free account
- conditional
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://www.alfalahsec.com/
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- of Bank Alfalah Limited
- Local standing
- SECP-regulated domestic brokerage house
- Licence as the register states it
- SECP-registered securities broker under Securities Brokers Regulations 2016; PSX TREC holder (TREC #120); PMEX member
- Leverage for this entity
- margin financing (MTS) per SECP; futures (deliverable/cash-settled); no retail spot forex
- The firm behind it
- Mid-sized brokerage, subsidiary of Bank Alfalah (957+ branches, 200+ cities); formerly linked with Hong Kong-based CLSA (a CITIC Securities subsidiary); strong research covering ~80% of KSE-100 market cap; PACRA-rated
- What we hold against it
- Bank-backed, PACRA-rated house; CLSA affiliation historical (now Alfalah Securities); no SECP enforcement action verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
margin financing (MTS) per SECP; futures (deliverable/cash-settled); no retail spot forex
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSECP-regulated domestic brokerage house
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: CDC sub-account + PSX trading account, institutional, retail. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| Bank transfer | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 0 local rails)
bank transfer (Bank Alfalah linkage);
- Bank transfer
- Account currency
- PKR
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
- Vtrade (by VisionMax)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Vtrade (by VisionMax) | — | — | —PK |
114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the Pakistan regulator in its own register
- Swap-free account available
- Safety 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Where Alfalah CLSA Securities sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(6 of 62 scored in Pakistan)
- Round turn, USD
- 6.5PK
- Min deposit, USD
- 100PK
- Leverage
- 500PK
- Rank in this country
- #1
- Round turn, USD
- 5PK
- Min deposit, USD
- 50 groupPK
- Leverage
- 1000PK
- Rank in this country
- #3
- Round turn, USD
- 9PK
- Min deposit, USD
- 100 groupPK
- Leverage
- 400PK
- Rank in this country
- #5
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 3000PK
- Rank in this country
- #7
- Round turn, USD
- 6PK
- Min deposit, USD
- 25PK
- Leverage
- 500PK
- Rank in this country
- #11
- Round turn, USD
- 6PK
- Min deposit, USD
- 0PK
- Leverage
- 500PK
- Rank in this country
- #6
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | Alfalah CLSA Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Alfalah CLSA Securities accept residents of Pakistan?
- Yes. SECP-regulated domestic brokerage house Onboarding entity: of Bank Alfalah Limited
- Is Alfalah CLSA Securities licensed to serve clients in Pakistan?
- SECP-registered securities broker under Securities Brokers Regulations 2016; PSX TREC holder (TREC #120); PMEX member Checked on 11.07.2026.
- Which trading platforms does Alfalah CLSA Securities support?
- Vtrade (by VisionMax). Instruments: PSX equities, futures, money market; PMEX commodities; forex, investment banking, research/advisory
- How can I withdraw money from Alfalah CLSA Securities in Pakistan?
- bank transfer (Bank Alfalah linkage); Raast/1LINK per onboarding (not individually verified at review)
- What account types does Alfalah CLSA Securities offer?
- CDC sub-account + PSX trading account; institutional and retail
- Does Alfalah CLSA Securities offer a swap-free (Islamic) account?
- Conditional.