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Finqalab in Pakistan — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: no cost
Key facts
Licence check
Open an account with FinqalabThe 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://finqalab.com/
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- Next Capital Limited
- Local standing
- SECP-regulated: trades executed/held via Next Capital Ltd (SECP/PSX/NCCPL/CDC regulated)
- Licence as the register states it
- App itself not a broker; underlying broker Next Capital Limited holds SECP securities broker licence + PSX TREC #048
- Leverage for this entity
- margin financing (MTS) per SECP/NCCPL where offered; PSX futures; no retail spot forex
- The firm behind it
- Invest-tech startup, consumer stock-trading app launched June 2024; wholly owned by Next Capital Limited (Karachi, TREC #048); ~40,000 sign-ups, ~10,000 trading accounts, PKR 26bn+ cumulative transactions; ranked 5th nationwide for first-time investor account openings (Oct 2025)
- What we hold against it
- not verified at review (new entrant, no adverse SECP/PSX action found)
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/NCCPL where offered; PSX futures; no retail spot forex
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSECP-regulated: trades executed/held via Next Capital Ltd (SECP/PSX/NCCPL/CDC regulated)
- 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 opened digitally in-app, account held/operated by Next Capital Ltd. 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)
in-app payments;
- 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)
- Finqalab mobile app (Android/iOS)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Finqalab mobile app (Android/iOS) | — | — | —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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.2 | — |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Authorised by the Pakistan regulator in its own register
- 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 round-turn cost, payouts, track record: the broker publishes no figure we could read
Where Finqalab 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
- 5PK
- Min deposit, USD
- 0PK
- Leverage
- 50PK
- Rank in this country
- #12
- Round turn, USD
- 7PK
- Min deposit, USD
- 100 groupPK
- Rank in this country
- #20
- Round turn, USD
- 11PK
- Min deposit, USD
- 50 groupPK
- Rank in this country
- #25
- Round turn, USD
- 9PK
- Min deposit, USD
- 0 groupPK
- Rank in this country
- #28
- Round turn, USD
- 13.6PK
- Min deposit, USD
- 50 groupPK
- Rank in this country
- #29
- 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 | Finqalab |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 60 |
| 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 | — |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Finqalab accept residents of Pakistan?
- Yes. SECP-regulated: trades executed/held via Next Capital Ltd (SECP/PSX/NCCPL/CDC regulated) Onboarding entity: Next Capital Limited
- Is Finqalab licensed to serve clients in Pakistan?
- App itself not a broker; underlying broker Next Capital Limited holds SECP securities broker licence + PSX TREC #048 Checked on 11.07.2026.
- Which trading platforms does Finqalab support?
- Finqalab mobile app (Android/iOS). Instruments: PSX-listed equities (individual stocks); up to 5 yrs price/volume history
- How can I withdraw money from Finqalab in Pakistan?
- in-app payments; bank transfer; Raast (per Pakistani standard practice); exact rails not verified at review
- What account types does Finqalab offer?
- CDC sub-account + PSX trading account opened digitally in-app; account held/operated by Next Capital Ltd