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Best Forex Broker in India 2022: Top Indian Forex Brokers List!

The forex exchange market is a 24-hour market where retail currency traders meet and speculate on the current trends in currencies in India. The best forex broker in India as well as institutional clients both are getting benefits from any other currency trading. The forex market is an ever-growing one, and India forex brokers make money from the bid or the spread of a foreign currency pair traded, or by charging some additional fees (like a monthly fee) to access a specific forex trading software or some exotic trading products. Institutional clients make money by buying or selling currencies at a profit.

About Forex Broker in India

If you are wondering what is forex trading? Then, the answer is unlike stocks, where you can trade directly in any metropolitan stock exchange or stock market without the involvement of any middleman, forex trading clients need a foreign exchange (forex) broker to get entry into the forex market.

A foreign exchange broker in India is generally a financial services company that is acting as a middleman between traders and the interbank to facilitate the easy trade of foreign currencies between them. Here you can do forex trading with various trading platforms. Dealing desk brokers and non dealing desk brokers are two types of brokers.

The foreign exchange broker mostly buys and sells currencies on behalf of the traders. There are many best forex brokers in India that are operating online and a lot of online forex brokers now offer high-level forex trading platforms in India to trade foreign currencies. A foreign exchange broker is also called a currency trading broker or of retail forex broker for its significant contribution to retail investor accounts.

However, users must try to opt for award winning forex broker which is authorized by the Reserve Bank of India (RBI) & regulated through SEBI in order to have a great experience. India as SEBI is the official organization that is responsible for issuing the license for India forex brokers and setting up the rules and regulations that are governing Indian financial services companies The National Stock Exchange (NSE) is one such stock exchange in India. If you wish to learn more about the best forex broker platforms to trade in forex and accept clients from India then, read further the content of this page that we have projected.

Best Forex Brokers in India

  1. OctaFX:- Ideal for Beginners
  2. Olymp Trade:- Ideal for a Wide Range of Tradable Instruments
  3. FXTM:- Ideal for Copy Trading and Social Trading Feature
  4. iForex:- Ideal for Easy User Interface & Security Mechanisms 
  5. FBS:- Ideal for Tradable Assets, Spreads, & Bonuses
  6. XM:- Ideal for Wide Range for Forex Markets at Very Low Spreads
  7. Alpari:- Ideal for Negative Balance Protection Feature
  8. Forex.com:- Ideal for Diverse Financial Instruments with Low Spreads
  9. HYCM:- Ideal for Low Spreads & Competitive Leverage Ratios
  10. FXCC:- Ideal for Zero Commission Trades

Top Forex Brokers India Details

Your hunt for the list of best and leading forex for forex trading in Indian financial market will probably end here. These are leading forex from the the globe. Some of India’s best forex brokers are listed below:-


OctaFX is a leading global forex, copy trading, and CFD broker established to offer multi-asset trading platforms like MT4 platforms, MT5 platforms, and cTrader platforms to traders. This forex broker has its headquarters in Grenadines and St Vincent with additional support offices in Jakarta, Indonesia, and Limassol, Cyprus; Limassol is its EU entity.

OctaFX Features

Regulated By CySEC
Best For Ideal For Beginners
Year Founded 2011
Minimum Deposit $100 (MetaTrader 4 & cTrader)
$500 (MetaTrader 5)
Maximum Leverage 500:1 (MT4 & cTrader); 200:1 (MT5); 200:1 (Metals); 50:1 (Stock Market Indices); 2:1 (Cryptocurrencies)
Tradable Assets FX Pairs, CFD Indices, Cryptocurrencies, Gold, Silver, Crude Oil, Brent Oil as Commodities

OctaFx is regulated by the top financial regulatory body CySEC (Cyprus Securities and Exchange Commission). It is the best forex broker in India known for its lucrative bonuses and promo codes for beginners, commission-free trading, EU regulation, MetaTrader, and cTrader platforms. 

As per published reviews, OctaFX, the best forex broker India, was established in 2011. The minimum initial deposit for the micro trading account (MT4) and the ECN trading account (cTrader) type is 100 USD whereas, the initial deposit for the Pro (MT5) account type is 500 USD which is suitable for experienced traders.

OctaFX - Best Forex Broker in India

The max leverage on currencies for the MetaTrader 4 (MT4) platforms and cTrader platforms account holders is up to 500:1, for MetaTrader 5 (MT5) trading point holdings, it is up to 200:1. For Metals, stock market indices, and cryptocurrencies, the max leverage limits are up to 200:1, 50:1, and 25:1 respectively. The company also accepts clients from the EU or the US national futures association who can only avail single max leverage up to 2:1.

OctaFX offers the following tradable instruments to invest in a 28 foreign exchange (currency) pairs including the most common USD/JPY and EUR/USD, 10 leading CFD indices like NASDAQ and US30, 3 leading cryptocurrencies – Bitcoin, Litecoin and Ethereum, and Gold and Silver, Crude oil and Brent oil as real time commodities.

Pros and Cons of OctaFX

Pros Cons
right The broker offers commission-free trading in India. You have funding options which is limited in comparison to the other top 10 forex brokers in India 2022.
right Supports its own proprietary trading platform on the mobile app along with the desktop version. Less service for 0 pips spreads available to forex trading.
right Copy-trading is available for beginners.
right Lucrative bonuses and contests are available even for non-EU traders.

Fee Structure

The variable spread for the leading currency pair EUR/USD is around 0.7 pips for both the cTrader and the MetaTrader platforms. Trading fees (variable spreads) for the gold spreads (XAUUSD) is around 2 pips and for major indices like NAS100, the spreads spike to around 3.5 points. Bitcoin spreads (BTCUSD) hover around 3.1 pips. Fixed spreads are available for MetaTrader 4 (MT4) USD accounts.

No commissions are charged for withdrawals, deposits, or currency conversions except for deposits made via Perfect Money for which a nominal fee of 0.5% is charged from traders. However, a nominal trading commission is charged from traders at the rate of 0.03 USD per 0.01 lots for the cTrader account types. Indian clients are also eligible for respective spreads.

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Olymp Trade

Olymp Trade is amongst the regulated forex brokers in India, having over 25,000 active clients registered on its platform. The easy-to-use interface, responsive customer service, generous spreads, lucrative trading bonuses, plenty of deposit methods and withdrawal methods attract both beginners and seasoned traders.

Olymp Trade Features

Regulated By IFC
Best For Great for Wide Range of Tradable Instruments
Year Founded 2014
Minimum Deposit $10 or €10
Maximum Leverage 400:1
Tradable Assets Stocks, ETFs, Currencies, Commodities, Cryptocurrencies

Olymp trade, an online forex broker, is regulated by the IFC or the International Financial Commission. Olymp Trade is best known for its competitive spreads and commissions, multiple over-the-counter payment options, including card payment and bank wire transfer (from local banks), demo account, and a wide range of tradable instruments and currency derivatives.

Olymp Trade - Top Forex Trading Brokers in India

Olymp trade has been serving its clients as one of the best forex brokers in India since 2014 and a member of the International Financial Commission. The minimum initial deposit ( funding) required to start forex trading on the platform is €/$10. Major forex pairs are the EUR/USD have leverage up to 30:1 whereas the minor pairs can expect a leverage up to 20:1. Max leverage can go up to 400:1. 

Pros and Cons of Olymp Trade

Pros Cons
right A user-friendly trading platform attracts users from all over the world and from India. cancel Apart from being a member of a national exchange, It is not regulated under any official body like the CySec (Cyprus Securities & Exchange Commission), FCA (UK Financial Conduct Authority), or the ASIC (Australian Securities & Investments Commission). Thus, traders cannot have full confidence in this broker.
right Supports multiple languages and a demo account for beginners to sign up.  cancel Non-verified accounts face a lot of problems while withdrawing funds.
right Generous leverage. cancel The terms and conditions for bonuses are not clear.
right Low minimum deposit required if you want to open a florida sports betting account. cancel Provides only 2 types of accounts.
right Multiple payment options including wire transfer.
right Wide choice of assets to choose from along with fixed time trading facility.

Fee Structure

The broker charges a fixed rate overnight fee limited to 15% of the total amount of investment. There are no custodial fees or maintenance fees on any forex trading account charged as such, but there is an inactivity fee (or subscription fee) at the rate of $10 per month charged on dormant accounts that have not been used beyond 180 days.

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FXTM or ForexTime Limited is a popular foreign exchange and CFD broker that caters to the needs of both beginner and experienced forex investors. In addition to that, it is distinguished among many Indian forex brokers from India. Before you set up the account. it has 6 account types to choose from automated trading, social trading, and copy trading options, this broker offers a huge market to forex investors as its presence is well known around the world.

FXTM Features

Regulated By CySec, FCA, FSC
Best For Preferred for Copy Trading and Social Trading Feature
Year Founded 2011
Minimum Deposit $5
Maximum Leverage 30:1 (Major FX Pairs); 20:1 (Minor FX Pairs); 10:1 (Crude oil); 5:1 (CFD US)
Tradable Assets Trade CFDs for Conventional Indices, Forex, Commodities, Shares CFDs, Spot Metals, Foreign Exchange Indices, Stock Indices

FXTM is governed by the 3 leading official bodies including – CySec, FCA, and FSC (Financial Service Commission) of the Republic of Mauritius. The platform is best known for its copy trading and social trading features along with its wide options of tradable currency pairs compare to other trading platforms. It also provides video tutorials, seminars and more.

FXTM was set up in 2011. Before you ask, what is the minimum deposit? Then, the initial deposit when you want to open a florida sports betting account starts from $50 for micro account and leverage depends on the trade types considered by forex traders- majorly for forex pairs the ratio is 30:1, for minor forex pairs and metals it is 20:1, for spot real time commodities like US Crude oil it is 10:1, for CFD US shares it has the maxi leverage of 5:1.

FXTM - Top-notch Forex Trading Platforms in India

FXTM clients can trade in CFDs for conventional indices, Forex and commodities like NASDAQ, DAX and FTSE, Shares CFDs are like Google, Apple, BP, etc, and Spot metals like Gold and Silver but has less service for crypto. CFDs are the most complex instruments traded over a forex market via trading tools. Apart from these, this is a forex broker that has also launched 11 florida sports betting dynamic indices split across 6 foreign exchange indices and 180 stock indices.

Pros and Cons of FXTM

Pros Cons
right You will get competitive forex trading fees. It has high fees attached with a bank account withdrawals via bank transfers.
right It can be safe to say that tight regulation by 3 leading regulatory bodies helps in ensuring safety. The FSC regulated brokers charge inactivity fees to forex trader.
right You have a privilege of excellent customer service and video tutorials to learn. Limitations imposed in trading for crypto assets.
right It can also offer various trade signals for the best accuracy.

Fee Structure

To become aware of the the price for leverage based trading in India with the ForexTime broker is a little on the higher side as the broker levies some additional charges (like inactivity fees) that many traders cannot afford. As for the spread and commissions, the FXTM broker is again on the lower spectrum with tightest spreads as low as 0 pips and in addition to that commissions as low as $2 per lot for ECN account types.

However, for standard account types, the spread may be a little higher but competitive. Even experienced traders trading accounts lose money when trading CFDs with the provider or other forex brokers.

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iForex is foremost amongst multi-regulated forex brokers and owns a proprietary trading platform where you can trade CFD and forex both on desktop as well as a mobile trading app for mobile trading. The platform has its headquarters in Limassol, Cyprus, and operates under its parent company, Formula Investment House Ltd. The platform accepts clients from across 100+ countries in the world (these are the region including Greece, India, the Philippines, and Venezuela) and with over operation in 16+ different languages.

iForex Features

Regulated By FSC, CySec, FCA
Best For Best for Easy User Interface & Security Mechanisms
Year Founded 1996
Minimum Deposit $100
Maximum Leverage 400:1 (Forex or Commodities); 200:1 (CFD)
Tradable Assets Shares, ETFs, Indices, Commodities, & Cryptocurrencies

iForex’s parent company, Formula Investment House Ltd, is regulated through the Financial Services Commission of the British Virgin Islands, while its European subsidiary is regulated via CySec and FCA regulation in UK. iForex is best known for its easy user interface, wide variety of tradable assets, and efficient safety and security mechanisms.

iForex - Comes in Best Indian Forex Brokers

iForex was founded in 1996. The initial deposit required is $100. Forex or commodities come with a high leverage of 400:1 while the leverage for a CFD is 200:1. For you it provides excellent customer service to support for any of your daily query. It boasts of providing a wide range of tradable assets, including shares, ETF’s, indices, real time commodities, and cryptocurrencies like Bitcoin, Ripple, and Ethereum. The deposit options available are Bank Wire, Credit Card, Debit Card and e Wallets.

Pros and Cons of iForex

Pros Cons
right Registered under CySec and therefore offers reliability in trading currencies. There are not options available for social trading or auto trading features.
right You will get an extensive list of investment products available. With its lengthy withdrawal processes, it can be time taking to receive your funds.
right Responsive customer support team for you.

Fee Structure

iForex charges an inactivity fee of $15 on a quarterly basis. An overnight financing charge of 5% pa is charged for indices, while it is 2.5% pa for commodities and virtual currency trading. The trades are commission-free with iForex and its spreads for major currency pairs start at 1 pip. Most forex traders lose money when trading CFDs with the web based trading platform.

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FBS is one of the leading global online CFD and it belongs to some of the the Securities and Exchange Board of India (SEBI) regulated forex brokers, accepting clients from across geographical borders like Malaysia, Indonesia, Pakistan, South Africa, and the EU via two types trading platforms like MetaTrader 5 (MT5) and MetaTrader 4 (MT4).

FBS Features

Regulated By CySEC, IFSC, ASIC, FSCA
Best For Ideal for Tradable Assets, Spreads, & Bonuses
Year Founded 2009
Minimum Deposit $1
Maximum Leverage 1000:1 (Cent Account Types); 500:1 (ECN Account Types); 30:1 (All Account Types)
Tradable Assets Stocks, Forex, Precious Metals, Energies, Indices, Cryptocurrencies

FBS is amongst the top forex brokers in India and is licensed under multiple regulatory bodies. For instance, the broker’s EU branch is registered under the major financial regulator CySEC, the global branch is controlled by IFSC or the International Financial Services Commission of Belize. The regulating bodies, IFSC (International Financial Services Commission) Belize monitors the trading platform closely. The top forex broker India for foreign currency trading is also regulated through the ASIC (Australian Securities and Investment Commission) in Australia and the FSCA (Financial Sector Conduct Authority) in South Africa.

FBS - One of the Legal Forex Brokers in India

FBS is well known for its multiple range of tradable assets, competitive spreads, and lucrative bonuses. FBS was founded in 2009. The initial lowest minimum deposit required to start currency trading with FBS is $1. Its major forex pairs are EUR/USD, USD/JPY, etc.

The leverage for EU traders starts at 30:1 for all forex account types (Standard or Cent), while for global brokers, it is 1000:1 for Cent account types. 500:1 for ECN account types and high degree of leverage 3000:1 for others. It is compatible with iOS, Android, Mac OS, and other desktop applications. The high degree of leverage can turn out to be very profitable or can drown you in big loss.

Pros and Cons of FBS

Pros Cons
right Traders can open a forex trading account with a low minimum deposits and can avoid a high risk of losing money in the learning stage. With International brokers limited account types and there are not more trading options available to trade.
Of all the trading platforms available, it offers lucrative deposit bonuses for you. Global trades with FSCA regulated brokers sometimes attach huge commissions.
It enables you to enjoy availability of 0 pips spread.
It can be possible to integrate MetaTrader 5 (MT5) and MetaTrader 4 (MT4) trading platforms together.

Fee Structure

There is an overnight rollover fee which is swap-free chargeable on the FBS platform along with a cancellation fee at the rate of €5 per transaction to benefit from price latency. Dormant accounts beyond 180 days are charged a monthly inactivity fee at the rate of €5.

A fixed-rate commission at $20 and $6 per lot is charged on this 0 pips spread account and the ECN account respectively. Many trading accounts lose money when trading CFDs. CFD trading carry high risk.

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XM is a group of next-generation online forex and commodity brokers that often rewards its traders with unique prizes like bikes and gadgets raffles. This broker offers a wide range of forex account types depending on your preferences and trading platforms both as a sign up demo account best suited for beginners and real modes to quicken the initial learning stages of your trading journey.

XM Features

Regulated By CySec, ASIC, IFSC
Best For Right choice for Wide Range of Forex Markets at Very Low Spreads
Year Founded 2009
Minimum Deposit $5 or €5 or £5
Maximum Leverage 888:1
Tradable Assets Forex, Stocks CFD, Equity Indices CFDs, Commodities CFDs, Energies CFDs, & Precious Metals CFDs

The XM group has been operating under the parent company with multiple brands and each brand is regulated via different regulatory bodies. For instance, all Trading Point of Financial Instruments is controlled by CySec, while the Trading Point of Financial Instruments Pty Ltd is foreseen by the ASIC, and the XM Global is supervised by the IFSC (the International Financial Services Commission). This FX trading platform offers sign up demo account for beginners will help you to become a better trader with practice by using the real scenario in trading and is easy to use.

XM - One of the SEBI Registered Forex Brokers

XM is the best known for providing a wide range of forex markets at a very low spreads. You can access XM ultra low account. Just as a forex time limited company is licensed by different regulators for each brand, the year of establishment for each brand is also different. It was established in parts in the years 2009, 2015, and 2017.

The initial deposit of an XM broker is 5 $/€/£ and maxi leverage depends on the instrument traded and is between 1:1 to 888:1. Tradable assets such as forex, stocks CFD, equity indices CFDs, commodities CFDs, energies CFDs, and noble metals CFDs.

CFDs are the most complex instruments to trade, that carry a high risk of investment associated with it along with a high risk of losing money. You should alway prefer forex trading in India with SEBI regulated forex brokers.

You should consider how much of risk are you willing to take since, investor accounts lose money while they trade CFDs. However, check out our honest XM review to know more about the trading platform. It has a more than 50 currency pairs including the major USD, GBP, EUR and JPY pairs.

Pros and Cons of XM

Pros Cons
You get access to a wide options of currency markets to trade. Diverse retail investor accounts give a less personalized feel.
Two leading trading platforms available of all out there with sign up demo accounts for beginners. Customer service is not available on weekends catering to forex traders.
Robust customer service available in multiple languages that you can use.

Fee Structure

There are no hidden fees as such, and spreads depend on this the forex account types. The minimum spread is 0.10 pips. Institutional traders lose money when trading CFDs.

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Alpari International is a global online CFD and a forex broker operating on the MetaTrader 4 and MetaTrader 5 trading platforms.

Alpari Features

Regulated By FSC
Best For Great for Negative Balance Protection Feature
Year Founded 2013
Minimum Deposit $5 or €5 or £5
Maximum Leverage 400:1 (MT4 Micro Account); 1000:1 (ECN & Standard MT4 account)
Tradable Assets US Stocks, Forex Pairs, Global Equity Indices, & Commodities Like Gold, Silver, Natural Gas, and Crude Oil

Alpari International is SEBI registered forex brokers and controlled by The Financial Services Commission (FSC) of The Republic of Mauritius.

This broker is best known for its some of the most popular wide choice for tradable financial instruments such as modern trading tools, low spreads, and negative balance protection features as CFDs carry high risks due to leverage which may not be suitable for all investors and is often susceptible to losing money rapidly. Negative balance protection protects Indian clients against the financial market changes against their current trade so that their accounts don’t fall into a negative balance.

Alpari - Top Forex Brokers in India

The original forex time limited company was founded in 1998 but relaunched its florida sports betting brand in 2013. A minimum initial deposit of $/£/€ 5 is required. The max leverage ranges from 400:1 (for MT4 MicroAccount) and 1000:1 (for ECN and Standard MT4 account). This website will not accept liability for any damage as a result of your trading activity. Alpari offers automated trading tools.

Pros and Cons of Alpari

Pros Cons
External dispute resolution process that compensates customers up to a maximum of EUR 20000 to trade. This broker has withheld cryptocurrency trading.
Offers negative balance protection available to forex investors. There are not research tools available.
You can get benefit from copy trading feature available. Copy trading involves charges.

Fee Structure

No commission is charged. The company also offers spreads as low as 0.40 pips for major currency pairs. The spread is 1.70 pips for MetaTrader 4 (MT4) trading platforms accounts. online brokers warns about the risk and accounts lose money when trading CFDs. CFD trading carry high risk due to leverage on brokerage credit.

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Forex.com is one of the advanced online CFD and this India forex brokers are regulated in multiple countries and facilitates trades with over more than 300 global financial markets.

Forex.com Features

Regulated By FCA, FSA, CIMA, CySEC, NFA, SEC
Best For Best for Diverse Financial Instruments & Low Spreads
Year Founded 1999
Minimum Deposit $100 or €100 or £100
Maximum Leverage Depends on the Types of Accounts
Tradable Assets Stocks, Indices, Forex, Commodities, & Cryptocurrencies

Like most other the Securities and Exchange Board of India (SEBI) regulated forex brokers in India 2022 for trading that are deemed to be some of the best forex brokers in the world that accept clients from the UK, US, Canada, Japan, and the EU, Forex.com is also regulated via the respective regulatory bodies like the FCA, FSA, CIMA, CySEC (Cyprus Securities and Exchange Commission), NFA, SEC (Securities and exchange board), etc.

You can trade through the national exchanges like the National Stock Exchange (NSE), etc. Forex.com is one of the best known for its diverse tradable financial instruments and trading tools which traders of India residents can make use of and low spreads. There are more than 40 different currency pairs available.

Forex.com - One of the Top 10 Forex Brokers in India

Forex.com started trading forex in the currency market in 1999. A minimum initial trading account deposit of 100 £/€/$ is required. The max leverage depends on the types of accounts considered by the Indian forex traders. To find the out the applicable max leverage ratio and other financial services provided by the platform, customers need to log into the company’s authorized and registered website and you can use the margin calculator to find the exact ratio. This website is only for informational purpose. However, read the review of Forex.com and learn more about the platform’s services. 

Pros and Cons of Forex.com

Pros Cons
Registration under multiple jurisdictions. You can face lack of bonuses and promotions.
You can get wide variety of multiple assets to trade. Spread betting not available.
You can get competitive spreads. Technical indicators are difficult to access.

Fee Structure

There are four distinct pricing methods available depending on the trading account types. Spreads range between 1.9 pips to 0.84 pips. There is also a monthly inactivity fee of $15. Before you take trading decisions be aware that many trading accounts lose money when trading CFDs.

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HYCM (Henyep Markets) is the international CFD and The Securities and Exchange Board of India (SEBI) regulated forex broker operating under its parent company, the Henyep Capital Markets Holdings Group, that has offices in this diverse locations like the UK, Dubai, Hong Kong, and Cyprus.

If you are planning to deal in foreign currencies the company has a total of 4 distinct brands operating under the parent company but as distinct entities, they are registered by distinct regulatory bodies for financial services in the country.

HYCM Features

Regulated By FCA, CySEC, DIFC, CIMA
Best For Best for Lowest Spreads & Competitive Leverage Ratios
Year Founded 1977
Minimum Deposit $100
Maximum Leverage 500:1
Tradable Assets Forex, Indices, Stocks, & Commodities

HYCM’s registration has been undertaken by different authorities like the FCA (Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), DIFC (Dubai Financial Services Authority), and CIMA (Cayman Islands Monetary Authority). The company is operating for more than 40 years now.

HYCM - Comes in Top-tier Forex Brokers India

HYCM (Henyep Markets) is best known for its lowest spreads, competitive leverage ratios, and may diverse assets to that you can trade. HYCM was established in 1977. An account with minimum initial deposit of $100 is required. The high degree of leverage 500:1 can turn out to be very profitable or can drown you in big loss.

HYCM also offers varied leverage ratios depending on the regulations implemented in the countries where the traders are located. You can make the use of max leverage to increase your potential profits (and your losses). The ratios differ for each tradable asset. The use of instruments available for trading at HYCM include Forex, indices, stocks, and commodities will help traders.

Although, you can read our HYCM review and this will help you to know all the details regarding the trading platform. You should always opt for forex trading in India with SEBI regulated forex brokers. Content of this website should not be perceived as advice. 

Pros and Cons of HYCM

Pros Cons
India residents can get competitive leverage ratios which is regulated through multiple financial bodies. florida sports betting trading is not available.
You can enjoy rapid withdrawal processes. Inactivity fee applies to forex investors for a dormant accounts beyond 90 days.
You can get a good customer support in case of any issues arise.
You can take benefit of the extensive investment management and educational resources available.

Fee Structure

A commission of $4 is charged per round on this forex trades for Raw accounts that offers raw spreads. However, Swap-free Islamic accounts are do not charge any overnight interest for the first 14 days of opening a position, Thereafter, $5 per night is the charge for each contract. HYCM also charges a monthly inactivity fee of $10.

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FXCC is amongst the best trusted forex brokers in India (2022) & the world if you are interested to trade with this broker. FXCC operates as the brand name of the best forex broker for trading FX Central Clearing Ltd (as per published customer reviews) that it has a headquarter located in Cyprus.

FXCC Features

Regulated By CIF, CySEC, FCA
Best For Great for Zero Commission Trades
Year Founded 2010
Minimum Deposit There is No Minimum Initial Deposit
Maximum Leverage 1:1 to 500:1
Tradable Assets Currency Pairs, Spot Metals, Indices, Cryptocurrencies, Commodities

FXCC is authorized as a CIF or the Cyprus Investment Firm, and registered by both the CySEC and the FCA. Looking for the best commission free trades? This is best known for its zero-commission trades and diversity of tradable assets and was founded in 2010.

You don’t have to pay commission for international forex trading in India. However, for a florida sports betting account there is no minimum initial deposit required and there will be no commissions charged. The official mentions real time execution of spreads for popular instruments meaning you can get access to it real quick.

FXCC - Trusted & Best Forex Broker in India

The max leverage ranges from 1:1 up to 500:1. Indian forex traders can also take the help of the margin calculator available at broker’s registered websites, using the tool will aid up your trading practice. Traders will be getting tradable assets such as currency pairs, indices, cryptocurrencies, spot metals, and commodities like WTI and Brent oil for trading.

Pros and Cons of FXCC

Pros Cons
This is a forex broker that allows you to trade in commission-free exchange. Where online brokers allows trade without any commission. US traders will not be accepted. You will not get the service if you are a US resident.
You have an advantage of no minimum deposit when you want to open an account to avoid a high risk of losing money in the beginning stage. Only 1 trading platform is available on the platform – MetaTrader 4 (MT4) that you can use.
ECN spreads available to use.

Fee Structure

The FXCC forex broker do not charge any commission on any instrument. However, there is the rollover fee as well as an inactivity fee will be charged at the rate of $5 on this dormant accounts that is inactive for more than 120 days.

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Is Forex Trading Legal in India?

Global markets of forex is the largest financial market. Though online trading of currency pairs with Indian brokers is the lucrative option to earn profits, forex market is one of the most liquid the financial markets in the world and may therefore carries high-risk exposure which may not be suitable for all. To protect Indian residents or traders from such adverse market conditions, the Indian government (also the Reserve Bank of India) have imposed strict regulations for trading of currency pairs in the nation. FEMA act prohibits trading of non-INR forex pairs and regulatory body ensure the enforcement.

The Securities and Exchange Board of India (SEBI) regulated broker that accept residents of India and authorized stock exchange can be operated legally under the territory. SEBI registration is choice for India forex brokers but most trusted brokers that accept residents of India are registered with SEBI. You have to ensure the legitimacy of the online trading platforms.

The Reserve Bank of India (RBI) is responsible for managing the Indian rupee but is not involved in the oversight of forex broker. Under Foreign Exchange Management Act other organizations are also involved in setting up the rules and regulations for international broker operating in foreign exchange market to benefit professional traders from any mischief. 

Though Forex trading within Indian exchanges in the nation is permitted, the government along with the Reserve Bank of India have put a restriction on online trading of currency pairs done via any electronic or online Forex trading platforms. Residents of the country are only allowed you to conduct forex trading in India at specified Forex trading places with only INR-based currency pairs, in addition it can be also offer currencies such as USD, EUR, GBP, and JPY in the the country. 

This is done to restrict any foreign broker from trading international currency pairs because most international or foreign broker transactions are conducted online. Here is a piece of investment advice for every trader: abide by the regulations imposed by the government of the respective country to keep in your money safe. Trading forex with SEBI regulated forex brokers can keep you away from potential scams. You can also follow offfical channels to stay updated with any change in trading dynamics.

CFDs are complex instruments, and content of this website is not an investment advice and may be not suitable for all investors due to max leverage retail accounts of retail investors lose money, do analyze if you can afford to have a high risk appetite to lose money before trading forex with a international forex broker to avoid accounts lose money due to max leverage. We provide a list of all the foreign forex brokers to trade in India, which is regulated via SEBI in the market.

Always consider the use of instruments or any other advanced tools indicating lowest spreads, which will get you a minimum threat with low risk. Always ensure your risk-taking ability and how much you can afford to lose. As retail investor accounts have high risk of losing money rapidly due to leverage.

Online brokers always inform you that there is a risk of loss associated with the foreign exchange market, and one should plan the strategy accordingly, as many retail accounts lose money. It is said that around 64-87% of retail CFD accounts lose money due to trading in the financial market. Try gathering information regarding how CFDs work for residents of India and stay updated with current trend.

How Do I Trade Forex in India?

Trading forex in India (2022) involves the following process, here is the list of our recommended steps that will answer how to find the best broker from the the globe for yourself:-

  • Find a SEBI regulated broker with an international reach to widen the scope in foreign currency pairs trading in the on your region that support currencies in India and may open a forex trading account with a good Indian brokers, where you can trade. Do check whether the top forex broker supports Indian bank account.
  • Due to safety, Indian traders needs to verify an account with the accurate KYC compliances.
  • Make payments with initial funds in INR (Indian Rupee) into the account to activate it.
  • The beginner should start trading forex with any preferred currency pair against the base currency such as INR (Indian Rupee) foreign forex brokers that accept Indian clients. This is a helpful tip if you are a beginner.

Before you decide to trade, analyze your investment objectives; withdrawal fees charged by broker; list of advanced tools made available and access to other financial instruments; is local bank wire transfers supported; ease to deposit money; offer the best customer service through through different social media channels; offer currency pairs like CHF (Swiss Franc), Canadian Dollar (CAD), Australian Dollar (AUD), Japanese Yen (JPY) with Indian rupees (INR) which you wish to trade in. Best overall broker offers access to demo accounts for Indian residents before they start making trading decisions with base currency in live account. 

How to Choose Your Best Forex Broker in India?

As a part of our recommendation and answering how to choose your best forex broker you should consider the following points for choosing the best forex brokers and Indian traders can open a florida sports betting account with a best broker in India for a reaping maximum benefits, these are checklist we have prepared for you:-

  • You should always go for the Securities and Exchange Board of India (SEBI) regulated forex brokers in India is licensed under specific regulatory bodies to ensure that India forex brokers that are safe and do not have a high risk of losing through scams. The chances of risk of losing money is low in this type of such cases.
  • You need to check for the level of security provided by the Securities and Exchange Board of India SEBI regulated foreign exchange broker, and also see whether they accept Indian clients along with the Indian currency, INR (Indian Rupee). List the international forex brokers that list India as a country they accept florida sports betting customers from will be your next step. Check registration number from the disclosure text at the bottom of florida sports bettingpage.
  • You can also check whether the forex broker provides insurance of client’s funds in case any mischief happens or some of the most common features like free negative balance protection to accept liability in case of insolvencies.
  • You have to check may be the respective broker charges any transaction fees in INR or any additional fees like inactivity fees in case the accounts remain dormant before you invest in your money.
  • You should consider and check the fixed-time trading strategy followed by broker along with the level of spread, max leverage, and margin provided by broker offered by trading platforms.
  • You need to check whether there are any limitations of their terms that restrict you to withdraw or initial deposits like an account minimums or maximums to be met by Indian traders and investors before they can withdraw their profits out of the market.
  • You should be checking the various trading platforms like desktop or mobile trading app offered by respective broker in case if trader want flexibility. Like desktop or mobile trading app offered by respective broker for better trading experience.
  • You have to check whether there is an efficient and high level of customer support of their portal such as availability of multiple languages to address clients’ issues as and it can be solved when they arise. As a retail investors, you can start trading with regulated brokers overseen by financial regulatory body and can find the best broker available. 

Forex traders from the country should also follow trading strategies and investment strategies of an experienced trader to learn various ways of earning high returns in international forex trading due to the volatile nature of the financial market. Any extreme economic, political florida sports bettings have potential to create high volatility.

Choose India forex brokers online platforms based on your trading requirements that provide lowest minimum deposit with many deposit methods available. It should support local currency to avoid conversion fees and gives best customer support to traders. Along with option to trade via mobile devices to enchance trading experience.


No forex broker can be declared to be the best forex broker in India or best overall broker from India for 2022. To choose the best forex trading brokers in India 2022 that offer high liquidity along with low margin requirements and rake in profits, there are many factors as such the type of investments a trader is willing to make and his threshold of risk-taking capacity needs consideration due to max leverage. It is also variable with the trader’s investment, how much trader is willing to take a risk and trading strategies and his expectations of trading gain from forex trading platforms. FX traders should find most reliable brokers to trade. FX broker in India that support local currency and provide maximum benefit to Indian traders.

However, choosing the wrong trading strategy will result in choosing the wrong Indian forex broker, which can be proven to be a very expensive. Here is some solid investment advice: Indian traders should decide upon their own research strategies before choosing one of the best forex brokers India from list of available international forex brokers or before they can start trading with a broker in 2022 (claiming as the best broker), instead of blindly following the trend. Choosing the award winning provides low trading costs, robust resources, and seamless trading access to the global interbank system.

Before deciding to trade in financial instrument you should consider whether you understand how CFDs operates and be fully informed of online trading risks you can afford to loose, to take risks which is associated with it and costs related to the trading with the financial markets.

Apart from international forex you can trade in stocks, commodities, metals and other options provided by best trading platforms of your choice and based on your strategy you need to decide. It is also advised to trade with your money that you can afford to loose since, CFDs may not be suitable for all investors as retail CFD accounts lose money.

This website will not accept liability for any loss as a result of your money trading as a part of retail investment, when you invest in your money. In this page, we provide our extensive directory of international forex brokers based on attributes that we believe is while online trading and this website is not an investment advice.


Which Forex Broker Charges the Lowest Fees in India?

It is based on the your trading strategy followed by a trader in the financial market. FXCC is among the best brokers offering zero commision to florida sports betting traders. It charge no minimum amount to open an account.

Are There Any Legal Forex Brokers in India?

All SEBI (the securities and exchange board of India) forex brokers or The Securities and Exchange Board of India (SEBI) regulated forex brokers that are considered to be the best forex brokers from India conducting legal currency pairs trading services in India. You need to ensure the right forex broker practices are align to the regulations. 

Is Forex Trading Legal in India?

Yes, international forex trading is legal in India but is subjected to the strict regulatory procedures imposed by the government. In your best trading strategy the same should be reflected, when you want to trade the in the financial market.

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