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Chenab Review
63 brokers measured36 pricedmedian 7.0 USDformula v1.0Data captured 25.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 25.10.2026

Recalculated 2026-10-25 · Established 1992 · BMA Capital Management Limited

BMA Capital — Pakistan

BMA Capital is rated no data out of 5 by our formula (score withheld) for traders in Pakistan: round turn not priced, residents accepted — Yes.

Suits you if it takes residents of Pakistan · it has been trading for 34 years

Look elsewhere if it holds no licence issued in Pakistan

Key facts (8)

Who actually onboards you
BMA Capital Management Limited
Licence number
not stated
Established
1992group
Min deposit, USD
not stated
Platforms
online trading platform
Local funding
bank transfer; Raast/1LINK per onboarding (not i
Max leverage
not stated
EURUSD
not priced

Accounts (2)

2 of 2 shown

Click a column heading to sort. Figures are list terms, no promo codes.

Broker · accountMin deposit, USDSpreadCommissionCost per lotSwap-free
BMA CapitalCDC sub-account + PSX trading accountno datano datano datano data—
BMA Capitalonline account opening supportedno datano datano datano data—

This broker against the Pakistan middle (36 of 63)

BMA CapitalPakistan median
Round turn, USDnot priced7.0 USD
Min deposit, USDno data7.5 USD
Max leverageno data750.0geo
Withdrawal, hno data24.0 h
EURUSD, standardnot priced1.0 pips
EURUSD, rawnot priced0.0 pips
Established1992group2006.5
Platforms13

Accepts residents of Pakistan

Yes

Score (3/6 axes)

no data

Shown, not ranked: no review-platform rating

Licence check

Licence number
not stated
Checked
2026-07-11

Source

Who actually onboards you

BMA Capital Management Limited

Locally licensed entity

BMA Capital Management Limited, Karachi-based Pakistani brokerage (I.I. Chundrigar Road)

What users rate it, and how many

Reviews
{'rating_out_of_5': 2.05, 'number_of_reviews': 1}group

User Reviews 1

Round-turn cost next to the Pakistan median (36 of 63)

Round turn, USD
not priced
Median
7.0 USD

Taking money off the account

Withdrawal, h
not stated

What the account tiers cost

CDC sub-account + PSX trading account; online account opening supported

Terminals and instruments (1)

online trading platform

PSX equities, futures, money market instruments; advisory/investment banking

Pros and cons

Pros (2)

  • Licensed locally: register entry
  • Swap-free account available

Cons (2)

  • Withdrawal time not published
  • Minimum deposit for this country not published

Tax on trading gains in Pakistan

Forex/derivatives trading profit for residents is generally taxed as income; where treated as capital gains on movable assets (other than exchange-traded securities) it is taxable at the individual's normal slab rates (as of the review), while listed-securities gains and foreign shares/funds carry specific rates (foreign shares/mutual funds ~15% flat per PwC). Residents taxed on worldwide income;

Where it does not serve

no data

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (2)

Checked: 2026-07-11

FAQ (3)

Does BMA Capital accept residents of Pakistan?

Yes.

Which entity onboards a Pakistan client of BMA Capital?

BMA Capital Management Limited

What licence does BMA Capital hold for Pakistan?

No licence number is published for this country.