Forex Brokers in India

Indian Broking Industry is known for its stock trading while listed among the top growing within the financial industry and presenting numerous brokers that operate through local Bombay Stock Exchange. There are two types of Indian Brokers that includes discount and full-service companies, while the first providing lower cost and the full offering bring various services apart from only buying and selling shares. Most of the brokers are bank subsidiaries that provide various account types alike saving the account, online trading and demat accounts. However, in regards to particularly Forex trading, there are many discussions happening since the Reserve Bank of India (RBI) making statements not to allow online trading to individuals. That is done by various ways, e.g. banks are obliged to report in case Indian residents transferring money to forex trading accounts, as well there is no any domicile Indian Forex brokerage firm. However, that does not stop the international companies to open their offices and maintenance of branches while becoming located in India Forex Brokers. Of course, traders also have found ways to bypass the law and invest with international firms, by using third-party transactions alike e-wallets.

Broker Regulation Detail User Reviews
IG Markets review IG Markets FCA, ASIC, FINMA, MAS, FSA, FSCA, DFSA
Min. Deposit: GBP 250
Max. Leverage: 1:200
Trading Platforms: MT4, IG Proprietary
0 Reviews IG Markets Review
Saxo Bank broker review Saxo Bank FSA, MiFID
Min. Deposit: 2,000 US$
Max. Leverage: 1:100
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
0 Reviews Saxo Bank Review
former ThinkForex review ThinkMarkets ASIC, FCA
Min. Deposit: 250 US$
Max. Leverage: 1:400
Trading Platforms: MT4, Trade Interceptor
0 Reviews ThinkMarkets Review
Interactive Brokers (IB) Review Interactive Brokers (IB) US SEC & CFTC, ASIC, FCA
Min. Deposit: 200 US$
Max. Leverage: 1:40
Trading Platforms: TWS, IB Mobile
0 Reviews Interactive Brokers (IB) Review