Legal & Regulations in Pakistan
⚠️ Important Disclosure
Quotex is NOT regulated by:
- Securities and Exchange Commission of Pakistan (SECP)
- State Bank of Pakistan (SBP)
This means Pakistani traders have limited investor protection and legal recourse.
Quotex Regulation
Quotex is regulated by the International Financial Market Relations Regulation Center (IFMRRC). However, IFMRRC is not a top-tier regulator like FCA, CySEC, or ASIC.
Legal Status in Pakistan
Binary options trading operates in a regulatory gray area in Pakistan:
- Not explicitly illegal
- Not regulated or licensed by authorities
- May conflict with Foreign Exchange Regulation Act (FERA)
- Subject to change if authorities introduce new regulations
Tax Obligations
Trading profits in Pakistan are subject to taxation:
- Income tax: 0% up to PKR 600,000, up to 35% for higher amounts
- Must report to Federal Board of Revenue (FBR)
- Tax year: July 1 to June 30
- Filing deadline: September 30
Risk Warnings
- Trading involves substantial risk of loss
- Only invest money you can afford to lose
- Past performance doesn't guarantee future results
- No investor compensation scheme available
- Limited legal recourse for disputes
Responsible Trading
- Start with demo account to practice
- Only risk 2-5% of capital per trade
- Set loss limits and stick to them
- Don't trade emotionally
- Educate yourself continuously