Forex means ‘Foreign Exchange Market’ or currency market. It is a worldwide market for the trading of currencies. It is increasingly popular in India. It is a vast financial market with low-margin requirements and high liquidity. Before jumping into all the neuances of the Forex trading we need to find the best Forex brokers Coimbatore so that we can get the list of trusted Forex brokers Coimbatore.
It is the process of speculating on currency prices to make revenue potentially. Currencies are traded in pairs because they allow us to purchase goods and services locally and internationally.
Forex trading (FX) is the process of exchanging one currency for another currency internationally. Due to restrictions on locally regulated financial institutions, SEBI (The Securities and Exchange Board of India) is in India. The only way for local citizens to speculate in forex trading is to use forex brokers. So in this article, I share the best forex brokers Coimbatore.
For the trading of currencies, the foreign exchange market (Forex) is a global dispersed or over-the-counter(OTC)market. This comprises all buying, selling, and exchanging currencies at carrying or decisive prices. Jai Sun Tourism makes foreign exchange markets possible by providing the best brokers of forex Coimbatore. They are one provider of Forex brokers Coimbatore.
Notably, this market is exotic topography for most individual traders and investors until the dissemination of Internet trading a few years ago. Forex Brokers in Coimbatore was primarily the sphere of vast financial institutions, multinational corporations, and hedge funds. However, times have moved: the U.S. Dollar (USD) recently cleared record lows, and everyone, from car traders to bartenders, is waking up to the impact of currencies.
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Top Forex Brokers In Coimbatore
Below is the list of the top 5 forex brokers for Coimbatore.
| #1. AKR Forex Services Private Limited – Peelamedu | |
| #2. Orient Exchange and Financial Services Pvt. Ltd – R.S. Puram | |
| #3. Union Forex Services India Private Limited – Coimbatore | |
| #4. Muthoot Finance Corp. Ltd – Karamadai, Kalapatti | |
| #5. Boutique Forex Private Limited – Gandhipuram | |
Forex Brokers Company In Coimbatore
#1. AKR Forex Services Private Limited – Peelamedu, Coimbatore
AKR Forex Services Private Limited was established on September 26th-2018. It is located at Peelamedu in Coimbatore, Tamil Nadu. It is one of the largest organizations in the country that can be said as Forex brokers from Coimbatore. The company has well-experienced professionals in the field of foreign exchange. They provide the best services to users on value-added money exchange offers.
AKR forex broker is the most trusted and reliable money transfer agency. They provide many services like buying & selling foreign currencies, money transfer, reloading forex cards, money transfer agencies-RIA, foreign exchange agents, and also 24 hours services of forex agents & money transfer agencies. A business hour of AKR Limited is between 10 AM to 8 PM.
The directors of AKR Forex Service Private Limited are Mr Devaraj Karthikeyan and Mr Kanagaraj Natarajan. The authorized share capital of AKR Limited is INR 27 lakhs, and its paid-up capital is INR 27 lakhs, as per the Ministry of Corporate Affairs (MCA). It is considered safe and the most trusted trading company. It is also one of the best forex brokers Coimbatore. The rating of AKR Forex Broker Company is 4.9 out of 5.
The address of AKR Forex Services Private Limited is No 1639/3, Behind City Union Bank, Peelamedu, Coimbatore – Tamil Nadu – 641004. Contact details – +91 – 9361648881 or akrforexservices@gmail.com.
Features
- They provide the best exchange rates.
- Fast response and good service from the agencies.
- They are doing a doorstep process which is more useful for customers.
Pros
- Good exchange rates and trustworthy
- Very fast and good customer service
- Doorstep delivery process
Cons
- Mode of payment cash only.
Coimbatore Forex Brokers Company
#2. Orient Exchange & Financial Services Pvt. Ltd
In 1923, Orient Exchange & Financial Services Pvt. Ltd was established. It is one of the first exchange houses to operate from the Middle East. It is also part of the Orient Exchange Co. (L.L.C.) in the Dubai group of companies. It has 28 branches across U.A.E.
Orient Exchange Group operates worldwide through various group companies. It has 18 branches across Hong Kong, 14 in Malaysia, 8 in Australia, 2 in the U.K., and 25 in India, including Coimbatore. The primary business of the Orient Exchange Group is money changing and transfers in these places.
In India, it was established in 2004 in Bangalore. It is an RBI-authorized dealer category-II license holding company. The core business of the Orient Company is Foreign Currency Exchange, Forex Cards, and Outward Remittances. They buy and sell all major currencies around the world. A business hour of the Orient Company is between 10 AM to 6 PM.
It is considered safe and the most trusted forex trading company. It is also one of the best forex brokers Coimbatore. The rating of the Orient Company is 4.9 out of 5. The address of Orient Exchange & Financial Services Private Limited is Thiagarajaa towers, no. 1061, first floor-a, Mettupalayam Road, R.S. Puram, Coimbatore – Tamil Nadu – 641002. Contact details – 0422-2547777 or comb@orientexchange.in.
Features
- They provide good exchange rates.
- Quick process of documentation.
- Fast response and good service
- Very low exchange rates.
Pros
- Good exchange rates and trustworthy
- Quick responses
- Good customer service
- Mode of payment – Cash, Debit cards, & Credit cards
Legal Forex Brokers In Coimbatore
To identify the legal forex broker in India – It should be authorized by the Securities and Exchange Board of India (SEBI) – the financial regulatory body in India. All forex brokers in India must be registered in SEBI and have valid licenses. The first step is to identify the registration number from the disclosure text at the bottom of the forex broker’s homepage.
In Coimbatore, Orient Exchange & Financial Services Pvt. Ltd is one of the most popular legal forex brokers. It is RBI authorized License Company. Other legal forex brokers in Coimbatore are AKR Forex Services Private Limited, Muthoot Finance Corp. Ltd, and more.
Regulated Forex PAMM Brokers Coimbatore
Regulated Forex PAMM Brokers Coimbatore
PAMM abbreviation is Percentage Allocation Money Management or Percentage Allocation Management Module. It is a popular Forex broker extension that allows traders to manage other customers’ money. It is an investment process usually facilitated by an intermediary party or the broker.
They take funds from investors and conduct trading services through account managers with manual or automated Forex trading solutions. There is no regulated Forex PAMM broker in Coimbatore.
Forex Brokers Frequently Asked Questions:
#1. Who can we say as No 1 forex broker in Coimbatore?
Instead of searching who is No.1 we have to search for the verified Forex brokers in Coimbatore so that we can get the clear cut idea of all our withdrawals and deposits.
#2. Are the Forex brokers based in Coimbatore be trusted?
In any transaction involving money flow trust is very important. So before registering with any local brokers do research about them before making your investment.
#3. How to Forex brokers in Coimbatore?
For Forex traders from any where the important thing that we have to note is that to do Forex trading we can do in two ways one is going to the verified Forex dealers or you can register with any Forex supporting broker and start your Forex trading, because this is the best time for Forex brokers in Coimbatore.
#4. How to tie Up with Offer forex Broker?
Any broker we tie up with will offer forex brokers platform Coimbatore for its users to start trading in the Forex market.
#5. Are there any SEBI regulated Forex brokers in Coimbatore?
Yes there are many Forex market brokers in Coimbatore that have registered with SEBI.
#6. Which broker is the best in forex trading?
IG, Saxo Bank, and CMC Markets are some of the best brokers in forex trading.
Conclusion
Hopefully, you got a clear overview of the best Forex brokers Coimbatore from the above article. And also discussed Forex trading, how it works in India, the top 5 Forex brokers in Coimbatore, legal Forex brokers in Coimbatore, and regulated Forex PAMM brokers in Coimbatore. We can get several Forex brokers associated with SEBI regulated Forex brokers in India. But, in Coimbatore, let’s look at the above article to find out the best Forex brokers Coimbatore.
