Quick answer
Which stock broker is best in Pakistan?
For most new PSX investors, a low-minimum digital broker with a published rate card is the practical pick — accounts open online from Rs 5,000. 'Cheapest' depends on trade size: commissions run about 0.1–0.25% of value or Rs 0.03–0.25 per share, plus CDC/NCCPL and annual charges. Compare all 8 neutrally below.
The neutral PSX broker comparison — commissions, minimums and app quality for 8 retail brokers. Data verified July 2026. No affiliations.
Every broker-run 'comparison' ranks its own house first. This one has no house.
~ = estimate; that broker does not publish its rate card. Regulatory charges (CDC, NCCPL, PSX levies, capital-gains tax) apply on top at every broker.
Commission structures only make sense against your own pattern — set it and see the ranking.
Includes commission, 15% Sindh sales tax and fixed annual account charges. Excludes regulatory passthroughs (CDC/NCCPL/PSX levies) and CGT — those are the same at every broker. Estimates only.
Commission is only the visible line. Knowing the rest keeps the relationship honest.
The visible cost — charged on the buy and again on the sell. Sindh sales tax adds 15% on top of every commission line.
Per-share and per-trade minimums mean a Rs 10,000 trade can cost a far higher percentage than a Rs 500,000 one. Small, frequent trades are where brokers earn best.
Cash parked in your brokerage ledger usually earns profit for the broker, not you. Ask whether credit balances earn anything — most retail accounts get nothing.
MTS/MFS leverage is a lending business: the broker earns a financing spread on every leveraged position, plus more commission from the bigger tickets leverage encourages.
Group-owned funds, advisory portfolios and IPO allocations pay the broker too. 'Recommendations' can carry that bias — always check what the desk earns from what it suggests.
Fee data compiled and verified July 2026 from published fee schedules, official FAQs and app-store listings. Figures marked ~ are estimates because the broker does not publish a public rate card — the commission sheet you sign at account opening is authoritative. App ratings are Google Play snapshots and fluctuate.
Since March 2026 the SECP allows Sahulat accounts (simplified, CNIC-only KYC) to hold up to Rs 30.00 Lac, and you may open one with multiple brokers (one per broker). All licensed brokers offer them — it is the fastest way to start.
We have no affiliation with any broker — no referral links, no placement fees. Verify the current schedule with the broker and check its license on the PSX broker directory before opening an account. Nothing here is investment advice.
It depends on your trading pattern. Per-share pricing (like AKD's Rs 0.03–0.10 by price band) favours low-priced, high-volume shares; percentage pricing (like KTrade's 0.15%) favours pricier shares in small quantities. Fixed costs — annual fees around Rs 300–900, SMS and CDC/NCCPL charges — dominate for small accounts. The cost calculator on this page ranks all eight for your pattern.
Most digital brokers open accounts from Rs 5,000 (KTrade, Finqalab, AKD); others ask Rs 10,000–25,000. Under the Sahulat account regime — simplified KYC for retail investors — you can invest up to Rs 3 million, a limit SECP raised in March 2026, with minimal paperwork.
A simplified-KYC brokerage account designed by SECP and PSX to onboard retail investors fast: digital opening, lighter documentation, and an investment cap of Rs 3 million since March 2026. Most brokers in this comparison support it; if you outgrow the cap, you upgrade to a standard account with full KYC.
Yes — through a Roshan Digital Account (RDA), overseas Pakistanis can fund and trade PSX shares remotely. Broker support varies, so check the RDA flag in this comparison before choosing; KTrade and Standard Capital, for example, advertise RDA onboarding.
Expect pass-through and fixed charges on top of commission: CDC custody and per-share handling on delivery trades, NCCPL charges, one-time account and biometric fees, annual maintenance of roughly Rs 300–900, optional SMS fees (Rs 50/month at some brokers), and provincial sales tax on commission. Each broker's fee notes on this page list them.