KARACHI, May 19(ABC): State Bank of Pakistan (SBP) on other day declared use of forex trading platforms including OctaFX and Easy Forex illegal in Pakistan with a warning of legal action against the violators.
Most of the Pakistanis who use forex trading as a source of primary or passive income consider the use of platforms like OctaFX legal in the country. However, the central bank has put all sorts of ambiguity to an end.
The SBP said all offshore forex trading platforms, websites and mobile applications are illegal.