Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Forex Brokers in India

Choosing the right broker is one of the most important trading decisions. You should consider a broker’s reputation, regulation, leverage, fees, spreads, customer support, tradable instruments, and trading platforms. We did all this for you in this list of top 10 forex brokers for Indian traders.

Order by
31FIBO GroupBest Beginner BrokerRating 4.4 / 5
Expand
Start trading
Specialized trading accountsRead review
Pros

  • Wide Range of Trading Instruments

  • Multiple Account Types

  • High-Quality Trading Platforms

Cons

  • Limited Educational Resources

  • Higher-than-Average Spreads

Top Regulators CYSEC, FSCAdd to compare list
32FXOpenBest ECN Technology BrokerRating 4.4 / 5
Expand
Start trading
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Low-Cost Trading

  • Advanced Platforms

  • Regulated by Top-Tier Authorities

Cons

  • Limited Educational Resources

  • No 24/7 Customer Support

  • Unavailable to US Users

Top Regulators ASIC, FCAAdd to compare list
33Hantec MarketsRating 4.3 / 5
Expand
Start trading
Swap Free AccountsWide range of trading instrumentsAffiliate ProgramRead review
Pros

  • Strong Regulation

  • Fast Execution Speeds

  • Low Minimum Deposit

Cons

  • Lack of Proprietary Platform

  • Limited Educational Resources

  • Some Reported Withdrawal Issues

Withdrawal fee $0Deposit fee $0Max leverage 1:500Min deposit $10Top Regulators FCAAdd to compare list
34AVATradeBonusUp to $250 Refer a Friend Reward by AvaTradeBest User Friendly BrokerRating 4.3 / 5
Expand
Start trading
Specialized trading accountsRead review
Pros

  • Highly Regulated and Trustworthy

  • Excellent Educational Resources

  • User-Friendly Platforms

Cons

  • High Inactivity Fees

  • High Pricing for Retail Accounts

  • Does Not Allow US & Canadian Clients

Withdrawal fee $0Deposit fee $0Max leverage 1:400Min deposit $100Top Regulators ASIC, CBIAdd to compare list
35FXCMBonusReferral Program by FXCMRating 4.3 / 5
Expand
Start trading
Read review
Pros

  • Regulated by Top-Tier Authorities

  • User-Friendly Proprietary Platform

  • Competitive Spreads for Active Traders

Cons

  • Limited Product Portfolio

  • High Bank Withdrawal Fees

  • No Two-Step Authentication on Trading Platforms

Top Regulators NoAdd to compare list
36Switch MarketsBonus100% Credit Bonus by Switch MarketsAutomated Trading StrategiesRating 4.3 / 5
Expand
Start trading
Free VPS hosting24/7 Customer Support100% Credit BonusFree AlgoBuilderFree EA ToolsRead review
Pros

  • Wide Range of Tradable CFDs: Switch Markets offers over 1,000 tradable assets across six markets like forex, commodities, shares, ETFs, cryptos, and indices.

  • Advanced Free Trading Tools: Switch Markets provides clients with a variety of free trading tools, including a VPS, PineConnector, AlgoBuilder (an AI trading tool that enables traders to automate their trading without coding skills), and TrackATrader to enhance their trading experience.

  • Islamic Swap-Free Trading Account is Available: Switch Markets offers an Islamic (swap-free) account, enabling traders to hold positions overnight without paying swap fees.

Cons

  • No Rebate Program: Switch Markets does not offer a rebate program for active traders who trade high volumes, but by becoming a VIP, there is an option for lower commissions.

  • No Phone Support: Phone support is not available 24/7, but there is an option to book a callback.

Withdrawal fee $0Deposit fee $0Max leverage 1:1000Min deposit $50Top Regulators YesAdd to compare list
37CMC Markets Investor protectionBonusRefer a Friend Program by CMC MarketsBoth Long-Term and Short-Term Assets AvailableRating 4.3 / 5
Expand
Start trading
Long-Term Tradable AssetsExtensive Range of CFDsRead review
Pros

  • Extensive Range of Tradable Assets: CMC Markets offers access to more than 12,000 financial instruments, including forex pairs, stocks, commodities, indices, cryptocurrencies, and ETFs.

  • Advanced Trading Platforms: Traders can access markets through the Next Generation web platform, mobile trading apps, and support for MetaTrader 4 & 5 and TradingView.

  • Strong Regulatory Oversight: CMC Markets is highly regulated globally by several top-tier financial authorities like the Monetary Authority of Singapore (MAS) and UK’s FCA.

Cons

  • 24/5 Customer Support: CMC Markets offers 24/5 customer support instead of 24/7 support.

  • Leverage Restrictions in Some Regions: Due to regulations, allowed leverage is lower in certain jurisdictions such as the United Kingdom and Europe.

  • MetaTrader 5 is Not Available in All Regions: MetaTrader 5 is not available in all regions. The availability of the platform should be checked prior signing up.

Withdrawal fee $0Deposit fee $0Max leverage 1:30 Min deposit $0Top Regulators YesAdd to compare list
38IQ BrokerRating 4.3 / 5
Expand
Start trading
Tier-1 Regulations$10 Minimum Deposit1:3000 Leverage24/7 Customer SupportRead review
Pros

  • 500+ Tradable Assets: Access to more than 500 CFD instruments across forex, stocks, indices, commodities, cryptocurrencies, and ETFs.

  • Feature-Rich Proprietary Platform: Available on web, desktop, iOS, and Android, with 100+ technical indicators, customisable charts, and script-based strategies.

  • Flexible Margin Management: Traders can choose between Simple isolated margin and Advanced cross margin on the same account.

Cons

  • No Copy Trading: Traders cannot automatically copy or mirror the positions of other traders.

  • No Islamic (Swap-Free) Accounts: Swap-free account variants are not currently available.

  • Basic Educational Resources: The broker mainly offers short on-platform video tutorials rather than full courses, webinars, or extensive market research.

Withdrawal fee Free 1st Withdrawal and 2% on 2nd WithdrawalDeposit fee FreeMax leverage 1:3000Min deposit $10Top Regulators YesAdd to compare list
39DarwinexBest ECN BrokerRating 4.3 / 5
Expand
Start trading
Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • MetaTrader platforms and automated trading tools

  • Wide range of tradable instruments

  • Third-party deposit protection

Cons

  • High minimum deposit requirement

  • Limited educational resources

  • Customer service is unavailable 24/7 in every language

Withdrawal fee 0Deposit fee 0Max leverage 1:300Min deposit 500Top Regulators FCAAdd to compare list
40EasyMarketsBonusRefer a Friend Reward by EasyMarketsBest For Active TradersRating 4.3 / 5
Expand
Start trading
Specialized trading accountsRead review
Pros

  • Offers risk management tools

  • Provides a wide range of unique trading instruments

  • Provides a user-friendly platform

Cons

  • Limited customer support

  • Limited clientele's access to research and educational resources

Top Regulators ASIC, FSC, CYSEC, SIBAAdd to compare list

Show More