Forex Brokers In India are under the rules and regulations of SEBI (Securities and Exchanges Board of India). This independent cell ensures the smooth functioning of the country's stock markets and brokers.
For managing the Indian rupee, The Reserve Bank of India is responsible, but they aren't part of the forex community. Trading in forex can be a task and can turn out harder for beginners as the concept is confusing.
If you want to begin with forex trading, you need to have the knowledge and practical approaches. The forex brokers here provide demo accounts for beginners, which will help them learn about the market.
If you are looking for some best forex trading platform, then these options are the best where you can invest and earn as they are the most reputable and successful forex brokers now! This list is best for beginners and experts, which provide the best in class services to the clients.
For the trader willing to give out the USD 10,000 minimum deposit (GBP 500 for the UK), the best option for you is the Saxo Bank. The company offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service. They have more than 40,000 instruments for trading.
The company was started in 1992 which has been regulated bank is also licensed in six tier-1 jurisdictions. This makes them the safe broker (low-risk) for the trading with the minimum deposit of USD 10,000 minimum deposit (GBP 500 for the UK, SGD 3,000 for Singapore, and USD 3,000 for Australia) for coming up with the entry-level "Classic" account.
The bank has other premium and VIP accounts options that require USD 200,000 and 1,000,000, respectively.
The company was founded in 1997. Interactive Brokers are the ones who are publicly listed on the (NASDAQ: IBKR) and regulated in six tier-1 jurisdictions, which also makes them a safe broker, which means low risk for forex and CFDs trading.
The platform may seem complicated for those who have started in the frex the inexperienced traders as they have the Interactive Brokers Trader Workstation (TWS) desktop platform. This has many advanced tools to offer to its seasoned traders and experienced traders.
They have other platforms like the IBKR Mobile app. The application comes with many features, but it lacks a simplified experience for the one who is into everyday forex traders. Also, another platform, Meta Trader, is unavailable as an alternative platform option.
The company has been helping the customer trade from a vast selection of options of global financial markets, from stocks and options to futures and spot forex. In complete, the traders can easily access the 125 market centers across 31 countries.
FOREX.com. Another well-known company is FOREX.com, a publicly-traded subsidiary (NASDAQ: SNEX). This is regulated in four tier-1 jurisdictions, making it another safer option with low risk for trading forex and CFDs. They have earned Best in Class (top 7) awards across four core categories, including the Offering of Investments, Platform and Tools, Education, and Mobile Trading.
The company also has a wide range of markets available; FOREX.com's multi-asset offering shines the most on its flagship Advanced Trading (desktop) and Web Trading (browser) platforms.
Another best forex broker in India is AvaTrade which is trusted globally and known as the global brand. It is best known for offering traders, which comes with an extensive selection of trading platform options.
They have been the best for copy trading and have come up with the best for mobile; this has come up with the most in line with the industry, which comes with the average for pricing and research and has been the winner for investor education.
The company was founded in 2006, which is also regulated in three tier-1 jurisdictions and three tier-2 jurisdictions. It helps in making it a broker (low-risk) for forex and CFDs trading. This is alongside one of the MetaTrader, AvaTrade offers its proprietary platforms.
The company has come up with the AvaTrade WebTrader and AvaOptions. It also the ZuluTrade and DupliTrade for social copy trading. The variety provided by the platform makes AvaTrade competitive in this area.
Also read our Article for the best trading platform in India
The company has come with the platform offering, range of markets, and pricing. XM Group provides an outstanding offering of quality educational content and market research.
The company was founded in 2009. It has been under the regulation of the two tier-1 jurisdictions and one tier-2 jurisdiction, which makes it another safe broker as the which come up with the average-risk for trading forex and CFDs.XM
The company offers the MetaTrader suite, which includes a few notable upgrades to enhance the experience. This also has the custom indicators inbuilt this also is one of the Social Copy Trading, where XM Group finished Best in Class (7th Place). The company is also the Best in Class MetaTrader broker in 2021.
Also, the XM Group's research is rich in depth and variety, which helps in challenging industry leaders such as IG and Saxo Bank. The prices or the amount charged vary, but it doesn't come out with low-cost trading compared to pricing leaders such as CMC Markets and IG.
The company was founded in the year 2005 which has been regulated in one tier-1 jurisdiction and one tier-2 jurisdiction, making them the (average-risk) for the forex and CFDs trading.
The company FP Markets offers the MetaTrader suite with ultra-competitive spreads which is via the Raw ECN account. They came up with the low-cost Markets finished Best in Class 2021, which is for both parties for both MetaTrader and Commissions and Fees.
The company has been focusing on share trading rather than the forex, Iress platform, and data fees can add up quickly. Due to this reason, the most suitable for high balance accounts and active traders.
Another best forex trading platform in India is the IC Markets, which has developed well-known algorithmic traders via their commission-based accounts. The company has regulatory status in one tier-1 jurisdiction and one tier-2 jurisdiction. That makes it a safe broker that comes up with the average risk for forex and CFDs trading.
They have many features that come with them: the Third-party research and trading tool plugins and many others: the IC Markets MetaTrader platform offering, making it our number one MetaTrader broker in 2021.
Also, the market trails the best forex brokers as they come with the market research spanning technical and fundamental analysis, including the forex news.
Another well-known best forex trading platform in India is the Tickmill. The company has a minimal selection of tradable securities. The company offers very competitively commission-based pricing for professionals through its VIP and PRO accounts.
The company was founded in the year 2014. The company has been regulated and worked under the one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe broker (average-risk) for trading forex and CFDs.
The company has come up with the MT4 platform, which Tickmill does not stand out if it is compared to the best MetaTrader brokers. The company pricing is highly competitive, helping the broker finish 1st overall for Commissions and Fees in 2021. They are also considered the Professional Trading, where Tickmill finished Best in Class In the top 7 in 2021.
Another well-known top forex trading broker is the FxPro. The company has been competing in the market with the top MetaTrader brokers. Ot help in offering the full suite of MT4 and MT5 platforms. It has come up with multiple accounts and execution methods. The only drawback that resides is the balanced offering which is priced higher than the industry average.
The company was founded in 2006, which has been regulated under the one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe (low-risk) broker for trading forex and CFDs.
The company offers various pricing options that include multiple execution methods. The prices aren't that competitive to challenge the industry leaders such as IG and CMC Markets.
Also, the company has been known for its MetaTrader and cTrader platform offering, available for desktop, web, and mobile. The company also offers the FxPro Edge, which has a good foundation for a new web-based platform. The only drawback is it lags behind the best proprietary trading platforms.
The company named Vantage FX is the key leader of the industry as it includes various platforms, including mobile apps, research, and education. It has maintained the regulatory status in two tier-1 jurisdictions and one tier-3 jurisdiction. This makes it one of the safe brokers (average-risk) for trading forex and CFDs.
Aside from the first-gen full meta traders suite, it includes the smart trader addon, the social-copy trading platform. This offer is not available from the Australian entity.
Talking about the same time, they proved the pro Trader Tools that Trading Central has powered requires a $1k deposit. The company still ranks among the Best MetaTrader Brokers in 2021 and has been well known for the Copy Trading brokers.
Last but not the least, top forex trading brokers are Moneta Markets. The company has regulatory status in one tier-3 jurisdiction and is part of Vantage Group, holding a license of the two tier-1 jurisdictions. This makes it another safer broker (average-risk) for forex and CFD trading.
The company provides Meta trading and also the proprietary platform. The company is not a good choice for the one looking for low-cost trading. They provide the web trader platform and related mobile AppTrader.
