#1Top Pick
IC Markets
True ECN routing with raw 0.0 pip spreads on majors plus commission, deep liquidity, and the cleanest MT4 / MT5 / cTrader stack we test.
Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5
4.7/ 5
Best Forex Brokers in India
Last updated
50
Brokers
Top Indian Forex Brokers
50 forex brokersSort:
Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.
Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Listed broker with global market access, lowest financing rates we benchmark, and the powerful TWS workstation.
Neg. Balance ProtectionSegregated FundsRaw Spreads- TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsTrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5TrendingNeg. Balance ProtectionSegregated FundsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsRaw SpreadsMT4/MT5Neg. Balance ProtectionSegregated FundsMT4/MT5
Related guide
India’s framework is unique: SEBI regulates currency derivatives on recognised exchanges, while the RBI restricts leveraged OTC forex trading for residents under FEMA. Understanding the boundaries is essential before you trade.
Other Countries
Frequently Asked Questions
Forex trading is regulated in India. The country currently has 50 brokers operating under its regulatory framework. Always verify a broker's licence with the SEBI before depositing funds.
Look for brokers regulated by the SEBI or a Tier 1 regulator such as the FCA or ASIC. Compare spreads, leverage caps, available instruments, and customer support in your language. Our list above is sorted by overall rating to help you shortlist quickly.
Regulated brokers under the SEBI are required to segregate client funds from company funds and participate in investor compensation schemes where applicable. Always check the broker's regulatory status and read the terms before depositing.
Leverage limits vary by jurisdiction. Under SEBI rules, traders in India may be subject to local leverage restrictions, for example capped at 1:30 for major pairs. Check the specific broker's terms for the leverage available to residents of India.
Yes. Most brokers available in India offer iOS and Android apps compatible with platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Look for brokers that list "Mobile Trading" as a key feature.
