Best Forex Brokers India

Best Forex Brokers India 2022 – Is Just An Amazing Money-Making Trade Sites

Forex trading is increasingly popular in India. It is a vast financial market with low margin requirements and high liquidity. Forex means ‘Foreign Exchange Market’ or currency market. It is the process of speculating on currency prices to potentially make revenue. Currencies are traded in pairs because they allow us to purchase goods and services locally and internationally. It is the process of exchanging one currency for another currency internationally. The value of a currency pair is influenced by economics, trade flows, politics, and more events.

In India, due to restrictions on locally regulated financial institutions SEBI (The Securities and Exchange Board of India). The only way for local citizens to speculate in forex market Trading in India is to use forex brokers. So in this article, I am here to share the best forex brokers in India. Also, it is mandatory to read how to Forex trading in India.

Best Forex Brokers In India

Forex is also known as the ‘Foreign Exchange Market’ or ‘Currency Exchange Market’ or ‘FX Market’. It is the process of exchanging one currency for another currency. It is one of the largest markets and the most actively traded markets in the world. Approximately, it has an average daily trading volume of $5 trillion.

Globally, Forex trade is 24 hours a day, 5 days a week. The major participants of this forex trade are the larger international banks, institutions, and individual traders. Unlike other financial trade markets, there is no centralized marketplace for forex trading. All the currency trading is done electronically via computer networks, known as the over-the-counter (OTC) market.

Top Forex Brokers In India

Below is the list of the top 5 Best forex brokers India.

#1. IG Group

#2. OctaFX

#3. XM Forex

#4. OlympTrade


Legal Forex Brokers In India

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. The Best forex brokers India need to be registered in SEBI and have a valid license. It is the first step to identify the registration number from the disclosure text at the bottom of the forex brokerage homepage. This is the best time for forex Trading in India because of the less players in it.

In India, Olymptrade is one of the most popular legal forex brokers. It provides access to a wide range of assets including currency pairs, indices, stocks, cryptocurrencies, commodities, ETFs, and more. It also has a mobile and desktop app – Android, iOS, and Windows OS app. The Best Forex Brokers India allow payment and withdrawal through multiple methods including UPI, Paytm, and more gateways. Other legal forex brokers in India are OctaFX, FBS, Axiory, and more.

Regulated Forex PAMM Brokers India

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, either with manual or automated forex trading solutions.

Below is the list of the top 5 best PAMM Forex Brokers in India.

S.NO.PAMM Forex BrokerMinimum DepositMaximum LeverageTrading Platforms
1BDSwiss100-US$1:500MT4, MT5, BDSwiss Webtrader, and Mobile App
2BlackBull Markets1-US$1:500MT4, MT5
3FP Markets100-US$1:30IRESS, MT4, MT5
4Pepperstone200-US$1:30 to 1:400MT4, MT5, CTrader, and Trading View
5HFM Markets5-US$1:30 to 1:1000MT4, MT5

Forex Brokers Company In India

In India, forex trading is permitted under certain rules and regulations. It is based on the Securities and Exchange Board of India (SEBI) is the financial regulatory body in India. The SEBI was established in 1988. India’s currency is the Indian Rupee (INR). In India, the Reserve Bank of India (RBI) is the one who monitors trade market movement and activity.

The currency futures can be traded in popular exchanges like NSE, BSE, and MCX in India. In India, the forex trader must open a forex trading account with the forex broker, and trading is done between 9 AM and 5 PM. So, the next question is how to find the best forex brokers India for trading. Below is the list of the top 2 best forex brokers India.

#1. IG – Forex Broker

IG Group is an online Forex Trading Provider Company. It is one of the world-leading online trading providers with 2, 90,000 active traders. It was established in 1974 by Stuart Wheeler and its headquarters is located in London, England. Initially, the company name is IG Index (Investors Gold Index), which allows people to trade gold prices as an index instead of buying the physical commodity. Also, IG is categorized as the best forex Trading platform in India.

In July 2000, the company’s new name as IG Group Public Limited Company was first listed on the London Stock Exchange. They provide services like online forex trading, CFDs trading, spread betting, and share dealing. They provide service through platforms like the web, mobile apps, and advanced platforms.

IG Group online trading is considered safe and the most trusted Forex trading India. The rating of IG Group forex broker is 4.5 out of 5. The minimum initial deposit is $250.00. IG trading fees are high for forex and Contract for Differences (CFD) stocks. The product portfolio is limited as in most countries IG Group offers only CFD and options forex trading. There is no charge for withdrawing the amount after trading.


  • Excellent forex range
  • Education Tools
  • Platform choices like MetaTrader 4 (MT4), Mobile Apps, APIs, & ProRealTime.
  • Negative balance protection (European Union / UK only)


  • First-class web trading platforms and tools
  • Over 19,000 tradable instruments
  • Competitive pricing – deposit and withdrawal options.
  • No withdrawal fee


  • High forex and CFD stock fees
  • Minimum deposit – $250.00.
  • Limited product portfolio
  • No predefined platforms on the flagship web platform
  • Customer support should be improved.

Indian Forex Brokers Company

Forex trading involves the buying of one currency and simultaneously selling of another. The world’s major currencies are the United States (USD), Eurozone (EUR), Japan (JPY), Great Britain (GBP), and more. Trading forex is majorly used in businesses like tourism, food exchange, and other trade business. 

For example, a French tourist in Egypt can’t pay ‘Euros’ currencies to see pyramids. Because it is not the locally accepted currency in Egypt – they use the Pound currency. The French tourist has to exchange the euros for the local currency (Pound) at the current exchange rate. It is called forex trading.  

OctaFX – Forex Broker

OctaFX is an online FX trading services platform. It has been providing clients with a wide range of trading options with low initial deposits. It was launched in 2011. It is an umbrella brand used by two independent broker entities. The website is registered under Octa Markets Cyprus Limited which is an investment firm registered in Cyprus. It is one of the Top Forex Trading For India. Also OctaFX is No 1 Forex Trading in India.

It was regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain It was registered and regulated by the law of St. Vincent and the Grenadines. Currently, it accepts clients from 185 countries. It is one of the best forex brokers India audience. Using this website, users can trade 35 currency pairs, metals, CFDs, indices, and cryptocurrency.

It had 10+ million forex trading from India accounts, 1+ billion trades executed, 150+ countries covered, and 47 forex industry awards received. Users can open an online trade account with a minimum deposit of $25. Deposits can be made using Neteller, Local Banks, Skrill, Bitcoin, UPI, Paytm, and MasterCard. Users can also withdraw their amount using MasterCard. It is also one of the best forex brokers India. The rating of OctaFX forex broker is 4 out of 5. There are only very less verified forex Trading in India, so it will be good to know their features.


  • Range of forex account types
  • Cryptocurrency-friendly platform
  • Highly competitive spreads
  • Follow top-notch forex traders
  • Ample market resources


  • Easy account setup
  • No registration fees and no commissions
  • low minimum deposit
  • Scalping, EAs, and hedging are all permitted strategies
  • Maximum leverage up to 500:1 with negative balance protection
  • Customer support available 24×7 and also live chat options


  • OctaFX is not available to US customers.
  • Some assets and currency pairs are not available for forex trade.

Forex Brokers Frequently Asked Questions:

#1. How can I trade with Forex brokers in India?

Only SEBI regulated Forex Trading in India brokers can trade Forex on the NSE, BSE, and MCX-SX.

#2. What is the abbreviation of Forex?

Foreign Exchange Market is the abbreviation of Forex.

#3. What is Forex trading?

Forex trading is the process of swapping one currency for another currency.


Hopefully, you got a clear overview of the best forex brokers in India from the above article. And also, we discussed forex trading, how it works in India, the top 5 forex brokers in India, legal forex brokers in India, and regulated forex PAMM brokers in India. So, let’s take a look at the above article to find out the best forex brokers India.

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