Forex Brokers in India

India Brokerage Industry is known for its stock trading in India which also is listed among the top growing within the financial industry and recently including numerous brokers operating through the local Bombay Stock Exchange.

Who are Indian Forex Brokers?

There are two types of Indian Brokersdiscount and full-service brokerage companies, while the first providing lower cost with less service, and the second includes full trading offering with various services apart from only buying and selling shares.

  • In India, most of the brokers are bank subsidiaries that provide various account types alike saving the account, online trading and Demat accounts.

Particularly to Forex trading, there are many discussions since the Reserve Bank of India (RBI) making statements to limit online trading to individuals and retail investors. That is done by various ways, e.g. banks are obliged to report in case Indian residents transfer money to forex trading accounts, as well there is no domicile Indian Forex brokerage firm.

India Forex Regulations

However, Possible limitations does not stop the international companies to open their offices, maintain branches, propose trading service to the residents, or accept Indian clients becoming Indian Forex Brokers.

  • In fact, currency trading and Forex trading becoming popular in India, buy it is recommended that Forex Broker will be authorized by the local The Securities and Exchange Board of India the financial regulatory body in India. See more details through the official Website: www.sebi.gov.in.
  • SEBI operates for a quite long time already while was established in 1988, yet still gives rather an identification to Forex broker registration that you can check through its website and control the market proposal.
  • More of its history and established available through Wikipedia. It is also recommended to follow the SEBI Twitter, to stay updated @SEBI_INDIA.

India SEBI website

Best Forex Brokers India

In the selection of the Best Forex broker you should consider numerous points, so below you will find a listing of the Best Reviewed Brokers that accepts clients from India, also created according to the adherence to regulations, safety and its Trust Scores.

  • BDSwiss – Best Overall Broker in India 2022
  • BlackBull Markets – Lowest Spread Broker in India 2022
  • FP Markets – Best MT4 Broker in India 2022
  • Pepperstone – Best Broker for Beginners in India 2022
  • HFM – Best for Scalping and EA Trading 2022

How to Invest in Share Market without brokers in India?

There is no way for retail trader to access trading or investing without Brokers in India or anywhere else. To access interbank you should be either legal institution with high capitalization or authorized dealer, that’s why retail traders need Broker to be used as execution venues.

Which Brokers trade in India?

There are many Brokers that are international firms and accept Indian traders as clients. We recommend trading only with reliable firms like XM, FP Markets or IG.

Indian Forex Brokers List

These are the regulated brokers that accept clients from India:

Broker Detail
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App
Regulation: CySEC, FSC, FSA
1
BDSwiss Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
HFM
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA
5
HFM Review
Axiory
Min. Deposit: 10 US$
Max. Leverage: 1:777
Trading Platforms: MT4, MT5, cTrader
Regulation: FSC, FSC
Axiory Review
FBS
Min. Deposit: 1 USD
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, FBS trader, CopyTrade
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, SCB
Eightcap Review
TMGM
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, IRESS
Regulation: ASIC, FMA
TMGM Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, VFSC
FXCC Review