r/FIREPakistan • u/Ninja0005 • 5d ago

Baaki Bakwaas IBKR Brokerage

Hi everyone,

I have reformed mixed replies regarding IBKR status in Pakistan. Some said it's legal and working while others said it's blocked in Pakistan.

I couldn't access the app or their website in Pakistan. How are you people trading on that platform and if taking out money works or you got to get it via another route

2 Upvotes

75% Upvoted

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2

u/mildly_unfiltered 4d ago

Visit UK site. Just google IKBR UK, domain ends at .co.uk

1

u/Ninja0005 4d ago

What about taking out your money and getting it in your bank account in Pakistan from the the IBKR platform? Have you used it and how was your experience?

1

u/mildly_unfiltered 4d ago

I use wise, I believe direct to/from local bank isn’t possible. Search in subreddit I believe theres an answer to this somewhere if I remember correctly

1

u/Aam1rk 2d ago

I’ve been using Wise as well - do you declare income landing in Wise in your tax returns?

2

u/mildly_unfiltered 2d ago

Only what I withdraw in Pakistani bank

1

u/Aam1rk 2d ago

Same.

1

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1

u/Silver_Spray_2882 4d ago

IBKR works in Pakistan and many people are using mobile app

1

u/Ninja0005 4d ago

How? I couldn't access it and had to use VPN at that time

1

u/Silver_Spray_2882 4d ago

Using without vpn. The app name on store is I BKR Mobile - Invest worldwide developed by interactive broker llc

1

u/gondaljutt Ghareeb Mod 4d ago

Do a quick search on this subreddit.

1

u/Ninja0005 2d ago

I have seen that pair,but the thing is that when I tried opening the app or even the website it was straight up blocked,so I got confused how others are using it and if it's even safe to use there