/03/25 · Samco - The best Forex trading platform in India. In India, there are many so-called ‘best forex trading platforms’ but Samco truly emerges as the absolute best forex trading platform in India with features such as: Trusted by over + traders and investors from over + cities in India OctaFX – One of the Best Forex Brokers. Trading with OctaFX is easy, as it has got different features available for both beginners and experts. OctaFX is regulated under SEBI in India, and therefore, it is one of the most popular forex trading platforms in India and is used by many top Here is our list of the best forex brokers in India. IG - Best overall broker , most trusted ; Saxo Bank - Best for research, trusted global brand; Interactive Brokers - Great for professionals and institutions; City Index - Excellent all-round offering; blogger.com - Great all-round offering; eToro - Best copy trading platform; AvaTrade - Multiple trading platform options
17 Best Forex Brokers India for - blogger.com
Top 10 forex trading platforms in india are using an outdated browser. Please upgrade your browser to improve your experience. So you are a forex trader, or a new trading looking to break into the forex trading world in India?
You have likely considered the global and Indian forex market very carefully. When thinking about which of the top forex brokers offer to take up on opening an account, you may or may not have considered brokers in India, or at least those that are available for Indian citizens. If that is the case, then you find yourself in the perfect place. Here we have taken at the foreign exchange market for Indian citizens and compiled a listing of the best forex brokers in India just for you, top 10 forex trading platforms in india.
For Indian citizens, this is the key question when getting involved in forex trading. The simple answer here is no.
This however comes with top 10 forex trading platforms in india complexities for Indian forex traders that we will explain. Forex trading in India is regulated by SEBI Securities and Exchange Board of India similarly to the way in which foreign exchange and trading is regulated in other countries.
The difference comes though with the fact that the RBI Reserve Bank of India has made trading with some other currencies and the Indian Rupee illegal for fear of devaluing the Indian currency.
With that in mind then, the only forex trading acceptable for Indian forex traders to participate in is that of INR based pairs with major currency the USDEURGBPand JPY. Other pairs are currently not available. When it comes to online forex brokers and the Indian forex market, it is however illegal for Indian forex traders to use any online forex trading platform that is not regulated by SEBI, top 10 forex trading platforms in india. If you are reading this review as an Indian citizen based abroadthen you typically have more freedom from these regulations and you can follow the regulations of your local area.
Disclaimer: The following top 10 illustrates international forex brokers that offer forex trading services in India. The first broker we will take a look at for Indian forex trading is Alpari. This is the only international broker that is considered a SEBI compliant forex broker for Indian traders.
As an Indian forex trader or any other, we would recommend top 10 forex trading platforms in india you display some degree of caution in your forex trading here. This is due to the revocation of many of their top-tier regulations due to bankruptcy.
The broker is still regulated offshore by the FSC C For Indian citizens you can check up on the companies regulatory licensing through SEBI with the following registration numbers:. With Alpari, there are no INR currency pairs available, top 10 forex trading platforms in india, though the other permitted pairs for Indian traders are certainly available. The spreads with this broker start from 0 pips with the ECN accounts.
There are a total of 3 retail accounts available for Indian traders. The standard account, ECN account, and micro account. You can deposit Indian Rupee through a local bank transfer or Neteller, top 10 forex trading platforms in india.
This may incur some fees. The next top broker for Indian citizens interested in forex trading is FXTM. Here also, there are no Indian Rupee currency pairs available, although everything else permitted for Indian forex traders is available. There are a total of 6 FXTM account types to choose from. As an Indian forex trader, you will be glad to know that you can deposit to FXTM through either eWallets or credit cards.
XM is the next broker we will take a look at and they are particularly good if you are an Indian citizen forex trader located in the Middle-East or Asia. Although they offer no INR currency pairs, the other major forex exchange currency pairs are all offered. Spreads are also very competitive starting from 0 pips. As an Indian forex trader again here you will find 6 available XM account types.
These include the Zero Spread account, micro trading accounts, and a stocks trading account. You can make your deposit through a wire transfer, eWallet, or credit cards. These methods are typically fee-free for Indian forex traders and others, although the currency will have to be converted as INR deposits are not supported.
You will also be glad to know as a forex trader that you can avail of the major Metatrader trading platforms in both desktop and mobile format for forex trading through XM.
eToro is one of the most well-known global online brokers and one of the first choices for Indian citizens who want to engage in social or copy-trading.
Although there are no INR currency pairs available for trading, there are a wide range of forex trading choices available. Spreads on these pairs do start from 1 pip however the typical spread may be a little higher. When it comes to your eToro account types, one is available. Your account can be funded with real money through wire transfer, eWallets, or credit cards with all methods generally being fee-free. Again, since Indian Rupee deposits are not supported, you may incur a small conversion charge since only the USD is available as a base currency for trading on the eToro proprietary platform.
Completing the first half of our top Indian forex broker rund-down is HotForex. They are another excellent choice for Indian citizens in the Middle-East or Asia. There are no Indian Rupee currency pairs available although many others are of course supported, and the spreads remain highly competitive for forex trading, starting from just 0 pips, top 10 forex trading platforms in india.
To make a deposit as an Indian citizen or any other real money forex trader, you can avail of wire transfers, eWallet deposits, or credit cards, all of which typically incur no fees. Since INR deposits are not supported, you will have to deposit in one of the accepted base currencies which are USD, EUR, or GBP.
com is a well-regulated broker within both the US and the UK, top 10 forex trading platforms in india. Therefore, it can be seen as ideal for Indian citizens residing in those countries. There are no INR currency pairs to choose from but the forex. com spreads do start from a highly competitive 0 pips. When it comes to real money funding for Indian citizens, wire transfers and credit cards deposits without fees are available. You should note though that INR deposits are not supported, but USD, EUR, GBP, AUD,and more are available base currencies.
Another top Indian forex broker for traders there and around the world is OctaFX. This broker, although providing no Indian Rupee currency pairs, does have spreads starting from 0 pips. As an Indian forex trader here you can access three account types: The micro trading account through MT4, the ECN account through cTrader, or the Pro account through MT5. Real money deposits for Indian citizens with this broker are available through eWallets, wire transfers, or credit cards typically with ne fees attached although INR deposits are not available.
The broker supports both USD and EUR as base currencies and is well-regulated globally by both the FCA in the UK, and CySEC in Europe. Indian citizens and all forex traders looking for a top broker providing the best in ECN execution really need to look no further than Pepperstone. Although Indian Rupee currency pairs top 10 forex trading platforms in india not available, spreads do start from 0 pips through the two accounts available.
Methods available for deposits include standard wire transfers, eWallets, and credit cards. These deposit methods are available with no attached fees. No INR deposits are available since this is not a supported base currency. Indian citizens can deposit in EUR, top 10 forex trading platforms in india, USD, or GBP to this well-regulated broker that is overseen by both the FCA and ASIC in its operations.
Forex trading here takes place through a number of highly-respected trading platforms including MT4 and MT5 from Metatrader as well as cTrader. AvaTrade is yet another well recognized broker and one of the top regulated forex brokers around that you can choose for trading. As an Indian citizen you will first find four account types available. Although there are no Indian Rupee currency pairs available for trading, you can still benefit from low spreads that start from 0 pips and deposit methods ranging from wire transfers, eWallets, and major credit cards.
These AvaTrade deposit methods are usually available with no fees attached and although INR deposits are not available, top 10 forex trading platforms in india, you can still choose from USD, EUR, GBP, AUD, and other available base currencies. FBS is another top choice for indian citizens and other forex traders who are looking for the best in social trading and copy-trading services in particular. Again while there are no Indian Rupee currency pairs available to trade, the other markets are very much available and with spreads starting from a low 0 pips.
There are a total of 6 accounts available that you can use for real money trading. This includes a cent account for micro trading as well as an ECN trading account and a top 10 forex trading platforms in india account which still involves some real money risk. Accounts can be funded with real money through wire transfers, eWallets, and credit cards usually with no fees attached.
While INR deposits are not supported, both EUR and USD are available as base currencies. Taking a closer look at the way that the Securities and Exchange Board of India SEBI operates we noticed many things from an Indian traders perspective. Among these is the fact that the body do not protect the deposits of a forex trader in the same manner as is allowed by other top regulatory bodies.
This means they do not push the brokers to hold deposits in segregated accounts or through ICF. This is a major reason why some Indian forex traders criticize the organization for not doing enough to protect Indian traders. SEBI are also flexible in the rules they set which top 10 forex trading platforms in india this level of flexibility to be extended to the broker. We can see this in the provision of leverage for forex trading, with no limitations being enforced, however a maximum leverage is typical.
Leverage can be risky and lead to losing your money in some cases. While ESMA and other well regulated forex brokers do provide negative balance protection, SEBI does not. This could lead to losing your money more than you have actually deposited, so you should be careful to manage this. This is something that of course we never want to happen, but top 10 forex trading platforms in india do always have to guard ourselves as forex traders against being scammed.
When it comes to Indian citizens and forex traders, these kind of scams have been previously reported from the broker AVFX with many forex traders claiming to have been victims of a scam forex broker.
Being a well-regulated forex broker means more often than not, being regulated by a well-recognized regulatory body such as FCANSA, ASICand CySEC.
With this, we would recommend against making deposits and dealing with unregulated forex brokers or those under offshore regulation for maximum protection as a forex trader. Finally, as an Indian trader and Indian citizen interested in forex trading, if you want to be certain that you are trading in a legal and protected manner, you should choose a SEBI regulated broker or if this is not the case, you should try to consult with the local authorities before making any deposit or trades.
Some of these measures, as well as taking care to choose the best Indian forex broker from our listing can make sure that you remain both compliant and well-protected as a trader in the forex market. Your email address will not be published. Broker Search Broker Comparison CMC Markets vs IG Plus vs Trading eToro vs Trading Saxo Bank vs Swissquote IG vs Plus eToro vs XTB IC Markets vs Pepperstone IG vs Oanda Exness vs XM FBS vs OctaFX Forex.
com vs Oanda HotForex vs XM Markets. com vs eToro Plus vs Markets.
BEST FOREX BROKER INDIA! SEBI APPROVED 2021 INDIA FOREX
, time: 36:0310 Best Broker Platforms for Forex and FTT Trading in India - Joon Online
/03/25 · Samco - The best Forex trading platform in India. In India, there are many so-called ‘best forex trading platforms’ but Samco truly emerges as the absolute best forex trading platform in India with features such as: Trusted by over + traders and investors from over + cities in India Here is our list of the best forex brokers in India. IG - Best overall broker , most trusted ; Saxo Bank - Best for research, trusted global brand; Interactive Brokers - Great for professionals and institutions; City Index - Excellent all-round offering; blogger.com - Great all-round offering; eToro - Best copy trading platform; AvaTrade - Multiple trading platform options /04/15 · Pepperstone– best forex broker in India; XM – best for VIP accounts / leverage ; eToro – best social trading platform; IQ Option – best for binary options; AVATRADE – fix spreads forex broker; How to Find the Trusted Forex Broker in India. Forex trading is very popular among Indians, especially in a large cities like New Delhi, Hyderabad, Tamil Nadu or Chennai
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