Top India Forex brokers list

Forex trading is regulated in India, gaining popularity in developing countries like India due to its potential for providing an extra income stream independent of local economic conditions. This feasibility arises from the widespread availability of electricity and internet connectivity in urban areas, facilitating access to global financial markets. India Forex brokers operate under the supervision of two regulatory bodies working collaboratively to ensure the safety of traders and investors. India experiences significant wealth inequality, ranking fifth in the world in terms of total nominal GDP while standing at 139th place for per capita GDP. Given this income gap, Forex trading becomes an avenue for supplemental earnings when approached with dedication. The crucial aspect for Indian Forex traders lies in locating a reliable broker that complies with local authorities' regulations. We have compiled a list of some of the best Forex brokers in India for your convenience.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
8.10
easyMarkets read review
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
Indian traders are subject to tax rates ranging from 10% to 30% on their Forex trading profits, depending on their tax bracket. Oversight of financial markets and Forex brokers in India is jointly managed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). These regulatory bodies maintain stringent standards, capping maximum leverage for retail Forex trading clients at 1:20. Consequently, Indian Forex traders can only engage in trades with a value up to 20 times their account balance. Trusted Forex brokers in India strictly adhere to the regulations imposed by RBI and SEBI, making it imperative for Indian Forex traders and investors to choose brokers with a well-established record of fairness towards their clients. Furthermore, top Forex brokers in India are members of the Investor Compensation Fund (ICF), ensuring additional insurance coverage in case of insolvency. By following these guidelines and relying on established brokers, Indian Forex traders can navigate this financial landscape with confidence and security.

FAQs about India

Are forex brokers legal in India?

Yes, Forex trading is legal in India, and Forex brokers are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).

How many forex brokers are there in India?

The exact number of Forex brokers in India can change over time, but we have the best brokers in the list above.

Which forex broker is best in India?

There are usually several top-rated Forex brokers in India that were selected in our list according to regulatory compliance, trading platforms, fees, and customer reviews.