Looking for a trusted Forex Brokers India? Not sure which India broker is best for you? Or need to verify if your broker is truly regulated and a trusted broker?
We provide answers to all the questions in this article. We compare 100 forex brokers or international brokers that accept India clients, we research their regulation status, spread & commission, time for deposit & withdrawal and many more findings.
SEBI Registered Forex Brokers in India
Legal Forex Brokers in India are recommended to be registered by the local Securities and Exchange Board of India, but are not obliged to obtain the license before broker can accept Indian applications for account opening.
SEBI main task to register Financial companies, however SEBI does not provide strict regulation or overseeing of the Forex Brokers that provide highest security, like other world regulatory bodies. Read about SEBI Wikipedia.
Best Forex brokers in India
To select the best Forex Broker in India we research SEBI regulated Forex Brokers in India and those regulated international brokers that accept India traders. We made a detailed review of spread and commission, trading platform, deposits and withdrawals conditions, education and customer service. Here is our List of Top Forex Brokers Review and Best Forex Brokers in the category:
- FP Markets – Good for Beginners in India
- FXTM – Best MT4 Broker India
- XM – Low Spread Broker in India
- IG – Best Forex Education in India
- InterativeBrokers – Best for active and professional traders in India
What makes a good forex broker in India?
There are 4 points that make India Forex Broker a good one – regulation and license with good standing, trading conditions, education and research materials, and customer service.
- Licensed and SEBI regulated Forex brokers and other world-respected regulatory body (many well-regulated and trusted brokers accept India traders but are not licensed by SEBI)
- Offering good trading conditions with low spread, supporting numerous trading instruments and platforms
- Provide quality education with Webinars, trading videos and research tools
- Easy to communicate Customer Support in local language
Top 10 Forex brokers in India List & Review
We select best in its category regulated brokers that are multi-regulated and considered safe for India and are Best brokers for Forex trading with competitive trading conditions:
|Forex Broker||Accepts clients from India||Why they are our top picks||Our Review|
|FP Markets||Yes||FP Markets might be the best fit for beginners. Education and research section is very good, there are different platforms and instruments plus customer service is among best ranked by us.||Visit FP Markets site|
FP Markets Review
|FXTM||Yes||FXTM might be the best for traders who wish to use MT4 platform plus EAs traders. FXTM supports both MT4 and MT5 platforms, and FXTM is among 9 brokers that offer ECN accounts.||Visit FXTM site|
|InteractiveBrokers||Yes||InteractiveBrokers should be the best for advanced and active traders. IB proposal is excellent. There are numerous trading options with comprehensive trading platforms, range of instruments and great analysis.||Visit InteractiveBrokers site |
Interactive Brokers Review
|IG||Yes||IG is great for all size or level traders. IG is publically traded company (while most brokers are not) and has advanced trading proposal with great education, platforms and costs.||Visit IG site |
|AvaTrade||Yes||AvaTrade among the best for platform selection and easy-to-use trading apps. Traders can choose MetaTrader, Sirix or proprietary AvaGO app with price alerts and trade great number of instruments.||Visit AvaTrader site |
|Pepperstone||Yes||Pepperstone might be the best for trading execution, and convenient for scalping. Pepperstone offers various platforms plus range of tools like Smart Trader, AutoChartist and VPS.||Visit Pepperstone site|
|eToro||Yes||eToro might be the best for Social Trading. You can select from thousands (not hundreds – thousands) of top traders and copy trades easily. eToro is best for number top traders.||Visit eToro site|
|XM||Yes||XM is good for low first deposit and competitive spreads. XM is the best among all brokers for minimum deposits with only 5$ you can start and get a deposit bonus, plus XM spreads are good.||Visit XM site|
|Forex.com||Yes||Forex.com has great offering for Islamic and Swap-free accounts. The trading conditions are with proposing good costs, education and choice of account types.||Visit Forex.com site |
|Tickmill||Yes||Tickmill might be the best fit for VIP account trading. Spreads are from 0.0 pips and onlu 1 EUR commission per side (typically 3-4$ at other brokers) plus advanced tools.||Visit Tickmill site|
More on India Brokers
If you don’t know from where to start and here we answer many common questions, also navigate categories and select broker that offer your trading need.
India Top Forex Broker in the World
Top Brokers are different in each jurisdiction, each country impose its own regulation and the one good in UK are not good for US trader or client from India. It is best to see reputable, multiply-regulated broker with best reputation in India like InteractiveBrokers or AvaTrade.
Forex Options Brokers in India
Trading Option or Binary Options are offered mainly by offshore brokers are not advised for trading due to highest risks involved and lack of transparency.
India ECN Forex Brokers
ECN Forex Brokers in India offering ECN account where costs are built into commission charge and interbank spread while your trades are executed using ECN bridges, check FP Markets or IG broker for ECN accounts.
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.