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
81Markets.comBest For Forex, Gold & CFD TradingRegulated by CySEC, AMFAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker's credibility as a financial service provider.

  • Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.

  • Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.

Cons

  • Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.

  • No Customer Support Service on Weekends: Since trading is 24/7, it's only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.

82TradeNation (ex. Core Spreads)BonusAUD $5,000 Referral Reward by Trade NationFixed Spreads AvailableMin deposit $0Max leverage 1:200Regulated by FCA, ASIC, FSCA +2Add to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Affiliate ProgramFixed Spreads AvailableRead review
Pros

  • Competitive, low-cost spreads

  • User-friendly platforms

  • Wide range of markets

Cons

  • Limited advanced trading tools

  • Fewer account types

  • Stock CFDs only, no direct stock trading

Withdrawal fee $0Deposit fee $0
83Capital Index Investor protection180+ Tradable InstrumentsMin deposit $100Max leverage 1:200Regulated by FCA, SCBAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Top Tier Regulations180+ Tradable InstrumentsRead review
Pros

  • Top tier regulators like CySEC, FSCS, and FCA

  • Variety of trading accounts with different spreads and leverage options

  • Diverse range of assets.

Cons

  • Only available to the UK residents.

  • Inactivity fees apply to dormant accounts

  • Higher spreads on standard accounts

Withdrawal fee $0Deposit fee $0
84Interactive BrokersBonusRefer a Friend Program by Interactive BrokersBest For Day TradersRegulated by FCA, CFTC, NFA +1Add to compare listRating 3.9 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalRead review
Pros

  • Unparalleled Market Access

  • Competitive Pricing

  • Advanced Trading Tools

Cons

  • Steep Learning Curve

  • Customer Service Could Be Better

85AetosRegulated by FCA and ASICMin deposit $250Max leverage 1:200Regulated by ASIC, FCAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
BonusesCommission Free TradingAffiliate ProgramRead review
Pros

  • Strong regulatory compliance

  • Competitive trading conditions

  • Robust educational resources

Cons

  • Limited offerings for cryptocurrency

  • Higher-than-average minimum deposits on some accounts

  • Lack of MetaTrader 5 platform

Withdrawal fee No FeesDeposit fee No Fees
86INGOT Brokers1:500 Max LeverageMin deposit $100Max leverage 1:500Regulated by ASIC, FSA, JSC +1Add to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Wide variety of account typesSafe and secureRead review
Pros

  • Wide selection of market instruments, including agriculture, energies, metals, stocks, indices, ETFs, currencies, and cryptocurrencies

  • Well-regulated by reputable authorities, ensuring transparency and adherence to industry standards

  • Segregation of clients' funds in top-tier banks, enhancing the safety and security of client funds. In addition, Ingot offers negative balance protection, safeguarding traders from potential losses exceeding their account balance.

Cons

  • Not available in certain countries such as the United States of America due to restricted jurisdictions, limiting access for traders in specific regions.

  • The demo account expires in two weeks, which may be insufficient for traders to thoroughly test the platform and strategies.

  • International trading is done through an offshore entity, which might raise concerns about regulatory differences and protections.

Withdrawal fee $0Deposit fee $0
87Colmex ProWide Range Of Payment OptionsMin deposit $500Max leverage 1:400Regulated by CySECAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Wide range of payment optionsRead review
Pros

  • Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.

  • The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.

  • Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.

Cons

  • Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.

  • Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.

  • While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.

Withdrawal fee $25Deposit fee $0
88FXPRIMUSBonus30% ReCHARGE Bonus by FXPrimusBest For MT4 BrokerRegulated by CySEC, VFSCAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • A wide range of trading assets: FXPRIMUS provides 120 trading assets, including currency pairings, precious metals, petroleum products, indices, CFDs, and cryptocurrencies.

  • Strong security network: FXPrimus employs specialized software and advanced encryption technologies with 128-bit keys.

  • High Insurance Coverage: FXPrimus covers each client's fund for up to 5 million euros. Hence, clients can rest assured that their money is safe.

Cons

  • Limited Availability: FXPRIMUS broker's client support service is only available 24 hours a day, five days a week, limiting its customer support services to only weekdays.

  • Selective Compensation Claims: FXPRIMUS does not recognize any moral compensation claims. Hence, traders will not be compensated for any such claims.

  • System Malfunction: Although this rarely happens, there are technical hitches that may necessitate a full platform restart.

89AMP Global Investor protectionUp To €20,000 Investor ProtectionMin deposit $100Max leverage 1:500Regulated by CySECAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Wide variety of trading instrumentsRead review
Pros

  • AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.

  • Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.

  • AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.

Cons

  • The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.

  • Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.

  • AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.

Withdrawal fee $0Deposit fee $0
90Octa FXBonusRefer a Friend Program by OctaFx1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by CySEC, FSCA, MISAAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Social tradingAuto tradingSwap-free accountsRead review
Pros

  • Competitive Spreads and No Commissions

  • High Leverage Options

  • Fast Withdrawal Processing

Cons

  • Limited Range of Tradable Instruments

  • Not Regulated in Top-Tier Jurisdictions

  • Limited Educational Resources

Withdrawal fee $0Deposit fee $0

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Our ranking methodology and selection process