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 provides lower cost with less service, and the second includes full trading offerings 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.

Forex Regulations in India

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.

However, Possible limitations does not stop international companies to maintain branches, offer trading service to India 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 accept clients from India, also reviewed and created by us according to some popular trading strategies and Expert Trust Scores:

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

How to Invest in Share Market without brokers in India?

There is no way for a retail trader to access trading or invest 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.

Forex Brokers in India List

These list is made of well-regulated brokers that accept Clients from India:

Broker Detail
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA, CFTC
OANDA US Review
OctaFX
Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySEC
OctaFX Review
IC Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: cTrader, MT4, MT5
Regulation: ASIC, CySEC, FSA
IC Markets Review
MultiBank Exchange Group logo MultiBank Exchange Group
Min. Deposit: US$50
Max. Leverage: 1:30 | 1:500
Trading Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5
Regulation: ASIC, BaFin, CIMA, SCA, etc.
MultiBank Exchange Group Review
RoboForex RoboForex
Min. Deposit: $10
Max. Leverage: Up to 1:2000
Trading Platforms: MT4, MT5, cTrader, R Stocks Trader
Regulation: FSC
RoboForex Review
Blueberry Markets logo Blueberry Markets
Min. Deposit: $100
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, SCB
Blueberry Markets Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC
InstaForex Review
Exness Review Exness
Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: SFSA, CBCS, FSC, FSCA
Exness Review
FXchoice Review logo FXChoice
Min. Deposit: $100
Max. Leverage: 1:200
Trading Platforms: MT4, MT5
Regulation: FSC
FXChoice Review
GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CySEC, FSC
GO Markets Review