Best Forex Brokers In India

Following our in-depth review and ranking process, here are the best forex brokers in India;

Best Forex Brokers In India

  1. IC Markets
  2. Exness
  3. Capital.com
  4. Forex.com
  5. FXTM

1. IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, CYSEC
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.

2. Exness

Exness

Exness is a global, award-winning retail forex & CFD provider established in 2008, by Nymstar Limited; a global brand best known for its partnership with Real Madrid. It offers a variety of global markets including forex, indices, metals, cryptocurrencies, energies and stocks, with over 200+ instruments to trade.

Exness offers a highly reliable and outstanding brokerage service suitable for both beginner and professional retail traders. It provides traders with different account options, coupled with great trading conditions, which creates room for a tailored trading experience, along with support for all trading styles and strategies. Other great trading services clients can enjoy include deep liquidity, industry-standard trading platforms, low forex trading cost, ultra-low forex spreads from 0.0 pips, multiple fast & secure payment methods and a multi-lingual customer support team, available 24/7.

Exness Overview

BrokerExness
Regulation FCA (United Kingdom), CySEC (Cyprus), FSA (Seychelles), CBCS, FSC(BVI), FSCA (South Africa)
Forex Pairs107
Trading PlatformsMetatrader 4, Metatrader 5
Minimum Deposit$1
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:Infinity
Account CurrenciesAUD, USD, GBP, EUR, SGD, CAD
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, PerfectMoney, Bitcoin, Tether

Pros

  • Strong regulatory framework.
  • Deep liquidity.
  • Negative balance protection
  • Hassle-free account opening process.
  • Multiple industry standard trading platforms available in web, mobile and desktop versions.
  • Over 100+ currency pairs, including major, minor and exotic currency pairs.
  • Multiple tailored account types.
  • Low forex trading cost.
  • Offers the highest forex leverage in the industry.
  • Consistent ultra-low spreads from 0.0 pips.
  • Multiple fast and secure deposit and withdrawal methods.
  • Transparent fee structure with no hidden charges.
  • No deposit and withdrawal fee.
  • Friendly and multi-lingual customer suport team, available 24/7.

Cons

  • Limited instrument offering compared to other competitors.
  • Limited product offering.

3. Capital.com

Capital.com

Capital.com is a cutting-edge & innovative global online broker offering forex trading and CFDs across a variety of asset classes including indices, commodities, shares, ETFs and cryptocurrencies, with over 6000+ instruments to trade.

Capital.com offers a well-rounded brokerage service with trading solutions suitable for retail and institutional clients. It also provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading etc. In addition, clients can enjoy an extensive list of great brokerage services including; deep liquidity, low trading fee, ultra-tight spreads with zero commissions, fast order execution, negative balance protection, industry-standard trading platforms, quality education offering and great customer support service, among others.

Capital.com Overview

BrokerCapital.com
Regulation ASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus)
Forex Pairs138
Trading PlatformsCapital.com Web Platform, MetaTrader 4, TradingView
Minimum Deposit$20
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, USD, EUR, PLN, AUD
Payment MethodsBank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay

Pros

  • Strong regulatory framework.
  • Easy account registration process.
  • Low minimum deposit (from $20).
  • Deep liquidity.
  • Fast order execution.
  • Negative balance protection.
  • Industry standard trading platforms.
  • Transparent fee structure, with no hidden charges.
  • Zero commissions.
  • No deposit and withdrawal fees.
  • Consistent ultra-tight spreads.
  • Low overnight fee.
  • Free quality trading education, including online courses, guides and webinars.
  • Unlimited demo account duration.
  • Great customer support service, available 24/7.

Cons

  • MetaTrader 5 is not available.

4. Forex.com

Forex.com

Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.

Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading styles and strategies (such as hedging, scalping and EAs, etc). In addition, it offers a number of great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.

Forex.com Overview

BrokerForex.com
Regulation ASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom),  FSA (Japan), IIROC (Canada)
Forex Pairs80
Trading PlatformsForex.com Webtrader, Metatrader 4, Forex.com Mobile App
Minimum Deposit$100
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:50
Account CurrenciesUSD, EUR, CAD, JPY, CHF, AUD, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller.

Pros

  • Strong regulatory framework.
  • Over 20 years of indusry experience.
  • Beginner friendly.
  • Top tier liquidity.
  • Low latency and superior order execution.
  • Supports all trading styles and strategies.
  • Negative balance protection.
  • Clients funds are segregated.
  • Over 80 currency pairs, including major, minor and exotic currency pairs.
  • Transparent fee structure with no hidden charges.
  • Low forex trading fee.
  • No deposit or withdrawal fee.
  • Offers Active Trader Program which helps reduce trading cost by up to 15%.
  • Quality educational and market research offering.
  • Industry standard platforms available in web, mobile and desktop versions.
  • Great customer support service.

Cons

  • Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.

5. FXTM

FXTM

FXTM is a multi-award-winning forex and CFD provider established by the FXTM group; a global leader in the online trading industry. FXTM offers forex trading and CFD trading across a variety of global markets including indices, stocks, commodities and cryptocurrencies with over 200+ instruments to trade.

FXTM offers great trading solutions suitable for newbie and professional retail traders, and also provides support for all trading styles and strategies such as scalping, hedging, algorithmic trading etc. It also offers a number of other great trading solutions such as; ultra-low spreads from 0.0 pips, low financing, different tailored account types, deep liquidity, negative balance protection, multiple fast and secure payment methods, quality educational offering and great customer support service.

FXTM Overview

BrokerFXTM
Regulation FCA (United Kingdom), CySEC (Cyprus/ Europe), FSC (Mauritius), IFSC (Belize/ International), FSCA (South Africa)
Forex Pairs63
Trading PlatformsMetaTrader 4
Minimum Deposit$50
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:2000
Account CurrenciesEUR, GBP, USD, NGN
Payment MethodsBank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA, Maestro), Skrill, Neteller, Bitcoin, Google Pay, JCB Card, M-Pesa, Perfect Money, QIWI, UnionPay, Webmoney, WeChat Pay, Western Union, WorldPay, Yandex Money

Pros

  • Strong regulatory framework.
  • Hasle-free account registration process.
  • Multiple tailored account types.
  • Deep liquidity.
  • Fast trade execution.
  • Negative balance protection.
  • Support all trading styles and strategies.
  • Flexible and high leverage from 1:1 to 1:2000.
  • Multiple fast and secure payment methods.
  • Low financing fee.
  • Ultra-low spreads from 0.0 pips.
  • Over 60+ currency pairs including major, minor and exotic pairs.
  • No deposit fee.
  • Negative balance protection.
  • Quality educational offering.
  • Great customer support service.

Cons

  • Limited products offering.
  • Limited instrument offering compared to other competitors.
  • Withdrawal fee charged for bank and card payments.
  • Trading platform limited to only Metatrader 4.
  • Inactivity fee charged (after 6 months).