Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
Entity
Derive
No local licensing here
Which company you actually sign with in Pakistan, and whose licence that is.
the company you looked up
Financial Services Authority (Seychelles) · no number published
Check it yourself:https://fsaseychelles.sc/regulated-entities/capital-markets
Pakistan does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
233 rows · good 2026-09-29 · tried 2026-09-29