Forex

Best Forex Brokers In India

If you are from India and are looking for a trusted Forex broker online, the following list offers excellent options regulated by reputable financial authorities outside India.

While these brokers do not have a physical presence in India, they support Indian customers who deposit through payment services and wallets. The best customer support for Forex brokers from India depends mostly on your unique situation and specific needs as a trader. 

#1. OctaFX

octafx

You can exchange 28 currency pairs, metals, CFDs, indices, and cryptocurrencies on OctaFX. The company is registered and regulated by Saint Vincent and the Grenadines Act. 

You can open an OctaFX account online with a deposit of at least $ 20. Deposits can be made through Neteller, Skrill, local banks, Bitcoin, UPI, and Paytm. You can also log in / out using Mastercard.

You have an account to show practices, a deposit and withdrawal fee, and a quick trading action on OctaFX.

You can change it  

  • 28 currency pairs, such as EUR / USD, GBP / USD, and others
  • 2 Gold and silver metal
  • 4 indices such as Nasdaq and DowJones
  • 3 Cryptos Bitcoin, Ethereum and Litecoin 

Depending on your trading experience and platform requirements, you can open these three types of accounts

  • MetaTrader 4 account: Fx for new traders 
  • MetaTrader 5 account: for experienced traders
  • ECN cTrader account: for automated trading

But do it to keep your account currency in dollars or euros. 

You can change the upper limits up to 1: 500 with leverage and negative balance protection. 

New FX traders can explore video tutorials and use a useful opportunity to market copies to start trading. 

What do I like?

  • No deposit and withdrawal fees
  • A deposit via Paytm and Bitcoins
  • Cryptos commercially available
  • Automated trading platform ECN cTrader (similar to algorithmic)
  • Help is available in Hindi
  • 100% sharia compatible account option

#2. Olymp Trade

Trademark is a member of the International Monetary Commission and the site is owned and managed by Saledo Global LLC. 

You can trade commodity assets, stocks, indices, ETFs, currencies, OTC and Crypto using the Olympics Trading platform. The available lever is 500 times.

Olymp Trade also offers “Fixed Time Trading” (THI) to profit from innovative currency exchange rate forecasts. 

When trading at a certain time, predict whether the price of an asset will rise or fall in a certain amount of time. If the forecast is correct, you will make a profit of up to 90% of the amount of the trade.

You have the flexibility to choose the time of operation and set the amount of the operation according to the convenience of your business.

They are companies that collaborate in Olympic trade 

  • VISEPOINT LIMITED; C 94716 registration number, VICTORIA (SWEET) VCT 2604, MALTA Country
  • WALLFORT LIMITED; registration number HE364695, Limassol, Cyprus

What do I like? 

  • Commercial assets include Cryptos and other instruments
  • Innovative fixed-time trading
  • Demonstration exercise account
  • Business Guides, Webinars, Interactive Courses, and Insights

#3. FXTM

Fxtm Broker

FXTM is a trademark of Forex Time Limited and is regulated by the Cyprus Securities and Exchange Commission (Cyprus), FSCA South Africa, and the Financial Sector Conduct Authority (UK). 

FXTM is trusted by more than 2 million traders worldwide. You can exchange twin currencies, CFDs, stocks, cryptocurrencies, precious metals, and commodities. 

You can trade quickly and securely through MetaTrader (MT4) and MT5 trading platforms via websites, desktops, and mobile devices. 

FXTM does not have its trading platform but offers trading tools in conjunction with MT platforms. The tools are FXTM points strategy and trading signaling tools that help your trading strategy. 

New forex traders can copy real-time trades by following experienced traders using FXTM Invest. 

FXTM supports deposits of various payment methods such as VISA, Master, Maestro, Skrill, Neteller, Webmoney, VLoad, bank transfers. FXTM also supports bitcoins and cryptocurrencies. 

What do I like? 

  • FXTM investment: a copy of the trading option
  • A range of accounts with minimal cheap deposits
  • Protect your negative balance

#4. eToro

EToro

EToro is regulated by the Cyprus Securities Exchange Commission (CySEC), the Financial Conduct Authority (FCA) of the UK, and the Australian Securities and Investments Commission (ASIC). 

You can trade a variety of assets, such as global stocks, ETFs, cryptocurrencies, indices, commodities, and money. CFDs are available in currency pairs, indices, and commodities. 

New traders can open a virtual account to show $ 100,000 in cash to work on real-time trading strategies and operations. 

EToro supports social commerce so that a trader can share his strategies and suggestions. Also, someone in eToro can copy orders/actions from other operators in real-time.  

The lowest initial deposit is between $ 50 and $ 10,000 depending on your regional and country regulations. 

EToro offers a lever of 2: 1 to 30: 1 depending on the instrument and can protect a negative balance for comfortable trading. 

What do I like? 

  • More than 2000 tools for the trade
  • $ 100,000 virtual practice account
  • Installation of negotiation and social negotiation

#5. XM

XM Global Limited is a subsidiary of Point Trading Holdings Ltd and is regulated by the International Financial Services Commission (Belize). 

The rest of the companies in the Trading Point group are regulated by CySEC (Cyprus), FCA (UK), ASIC (Australia), and DFSA (Dubai). 

XM has more than 2.5 million merchants in more than 196 countries. You can trade more than 1,000 assets in six asset classes: 55 currency pairs, CFDs in major world indices, commodities, stocks, metals, and energy. 

XM offers MT4 and MT5 trading platforms on all devices (Android, iOS, iPad, Mac, and PC) as well as online via MT Web Trader.

New traders can test their Forex trading skills on a demo account that offers a $ 100,000 virtual balance. 

What do I like? 

  • View an account with a virtual balance of $ 100,000
  • Minimum deposit in a low Forex account
  • Protect your negative balance

#6. IForex

Iforex

It is a registered trademark of IForex Formula Investment House Ltd. and is authorized and supervised by the BVI Financial Services Commission (British Virgin Islands).

The platform offers CFD trading in ETFs of cryptocurrencies, cryptocurrencies, indices, stocks, commodities, and assets. 

IForex trading platforms are mobile and web trading platforms with over 900 trading tools and real-time charts. Merchants take advantage of a one-click agreement. 

The merchant account can be funded through VISA, Master, Money, Neteller, Token, Skrill, and bank transfers. 

IForex has a wealth of exclusive teaching materials, books, and 1 to 1 training with a business teacher. Customer service is available in more than 16 languages.

Get leverage up to 1: 400 depending on the security of the assets and the negative balance. 

What do I like? 

  • Running a business with a single click
  • Education and support in more than 16 languages

#7. AVATrade

AVATrade

AvaTrade is regulated by the European Central Bank of Ireland, ASIC (Australia), the Financial Services Agency (Japan), the BVI Financial Services Commission (British Virgin Islands), the Abu Dhabi FRSA, and the South African Financial Conduct Authority (South Africa).

You can use trading platforms for computers, websites, tablets, and mobiles

  • AvaTradeGO (private commercial application)
  • MetaTrader 4 
  • MetaTrader 5

More than 1250 instruments are available on the stock exchange, raw materials, indices, ETFs, and CFDs of commercial assets in AvaTrade.

AvaTrade offers online trading, information, and educational material in 14 languages.

An account with a minimum AvaTrade edge deposit can be opened by paying $ 100 in any of these four currencies (USD, Euro, British Pound, and AUD).

However, there are GBP 100 for British traders and AUD 100 for Australian traders only. 

Payments to the account can be made by credit card and bank transfer. AvaTrade also receives electronic payments from Skrill, Webmoney, and Neteller. However, electronic payment transactions are not available to Australian and EU merchants.

AvaTrade offers leverage of up to 1: 400 protected by a negative balance so that your account never falls below zero. 

What do I like? 

  • Local language trading websites
  • Protect your negative balance
  • I like what you do 
  • Leverage 1: 400

#8. Alpari

Alpari

Alpari International has a 20-year presence in the foreign exchange industry with 2 million traders. Alpari is a trademark of Exinity Limited and is regulated by the Financial Services Commission (Mauritius). 

Alparik offers MT5 and MT4 trading platforms. In addition to currencies, you can exchange stocks, commodities, indices, cryptocurrencies, and metal assets. 

New traders can take advantage of Alpari’s copy trading program, copy their trading strategy and share a certain percentage of their profits. 

You can fund a margin account

  • Credit cards (VISA, Master or Maestro)
  • Electronic wallets (Neteller, Skrill, Webmoney, Vload)
  • bank transfer 
  • Through local transmission 

What do I like? 

  • Take advantage until 1: 1000
  • Minimum deposits starting at $5

#9. Forex.Com

Forex

FOREX.com GAIN Global Markets Inc. is the trade name of the company. The currency broker is regulated by the Cayman Islands Monetary Authority.

It can be traded in more than 80 currency pairs, stocks, indices, commodities, and cryptocurrencies.

Forex.com offers its trading platform to trade desktop and mobile websites through apps. The platform has more than 70 technical indicators, multiple time slots, various types of graphics, and 50 drawing tools. 

You also have access to MetaTrader platforms like MT5, MT4. 

The only part is the MetaTrader VPN hosting; where MetaTrader 5 software is installed on a virtual private server (VPS) solution.

The solution will help you get the most out of your time, with fast trading execution and account access from any operating system through a web browser.

However, to get a VPS solution, you need to save at least $ 5,000 in your account. Also, you should make at least 10 mini-trips or their equivalent each calendar month.

For initial deposits to open a $ 100 account, ForexEx.com recommends depositing at least $ 1,000 to improve risk management. You can finance your account with credit and debit cards and a bank transfer. 

The leverage/margin available on Forex.com is between 0.5% and 20%, depending on the currency pairs. 

What do I like? 

  • VPS hosts for active merchants
  • Funding of credit and debit cards and bank transfers

#10. FBS

FBS has commissioned traders from 190 countries with more than 16 million active traders. The activities of the FBS are regulated by the Belgian IFSC (International Financial Services Commission).

You have trading access to MetaTrader 4 and MetaTrader 5 platforms that are compatible with Android, iOS, Windows, Mac OS, and WebTrader desktop applications. 

Apart from that, you can use the proprietary FBS Merchant app. The app supports real-time statistics and charts that will help you trade more than 50 currency pairs and metals. You can also trade currencies, metals, CFDs, numbers, and exotic currencies.

FBS offers leverage between 1:50 and 1: 3000 with the protection of a negative balance. 

What do I like?

  • Take advantage until 1: 3000
  • Proprietary FBS-based platform

#11. HYCM

Henyep Markets is a multi-management currency broker, registered with the FCA (UK), the Cyprus Securities and Exchange Commission, the Cayman Islands Monetary Authority, the Dubai Financial Services Authority, and is also registered in Saint Vincent and the Grenadines.

40-year-old shopkeeper currency transactions in more than 300 tools offer five classes of assets, such as currencies, stocks, indices, raw materials, and ABOUT.

You can open a merchant account by financing bank transfer, VISA transfer, Webmoney, Neteller, and Skrill. The minimum deposit required to start trading is $ 100.

What do I like? 

  • Deposit of at least $ 100
  • Protect your negative balance

CONCLUSION

Before you trade global currencies, check your trading requirements, risk-taking ability, and local regulations. 

You can start trading Forex Olympics with advantages like the innovative “Fixed Time Trading” (FTT), taking advantage of up to 1: 500, and a free demo training account.