Forex brokers which are active in India are regulated by the watchful eye of the Securities and Exchanges Board of India (SEBI). It is an regulatory authority that follows up the activity of the stock markets and online brokers. While the Reserve Bank of India (RBI) is in charge of the Indian rupee, the local official currency of the country, the officials are not responsible for forex broker operating on the country's grounds. 

Despite the rather easy-going regulation to investment, retail forex brokerage are rather hard to find and most brokers with representative offices inside India are subsidiaries or branches of huge global companies. Even those are very scarce at the moment and requires definite improvement. On top of that, Reserve Bank of India does everything in its power to ban forex trading by individual investors. Apparently, there are fines and legal charges against currency trading. 

With that being said, a large number of forex traders come from India. They choose to trade Forex with foreign brokers and do their best to hide their money transactions from the bank with alternative payment options such as Paypal, Skrill, Bitcoin and other online wallets. 

For forex investors interested in finding most reliable brokers online, this section has gathered a list of such for your convenience. Now you can just browse through our selection of the world's most reputable and trusted forex brokers and choose the one that is most suitable for your first steps in trading career. Beginnings are tough and we honestly hope that this website helps you to make the selection process faster and easier.

You  can be from anywhere on the planet and still find Forex Brokers to trade with. For traders interested in Rupees against other major currencies, we have great news - almost all forex brokers offer this pair without any kind of restrictions! This is a great opportunity to work on your strategy for Indian money. 

Below you can find the comparison of Forex Brokers that accept registrations from India. You can check and compare the best Brokers and their features, payment methods, trading platform, minimum deposit requirement and many other important characteristics. 

Comparison of India Based Trading Broker Online

When you review several different Forex Brokers, it is necessary to know which features are more important than others and which trading conditions are entitled for your full attention. Your trading career depend on the right choices you make when you choose a brokerage firm to trade with.

What are the main features of any Broker you need to pay real attention to?

Easy and Fast Payouts – we think that payment methods are extremely important. When the broker makes an afford to provide the clients with lots of payment methods to choose from and doesn't make it difficult to withdraw the money (there is always no problems with deposits, though!), this earns extra points! Being able to easily withdraw from the Forex Broker and receive your money fast is one of the features you must look for.

Skip the Brokers that apply minimum withdrawal amounts or come up with billion reasons not to process your withdrawal requests. For example, some would ask for identity proof over and over again to delay the withdrawal. Some will impose a rule that you can withdraw money only on a specific day of the month. Well, you got the picture. 

Regulated Brokers – There might be no official regulation in India when it comes to forex trading, however it should discourage you from looking and choosing a regulated Forex Brokers to trade with. After all, the regulation, even offshore, can help in case the brokerage mistreats you in any way.

Whilst there are no licensing authorities in India who license and regulate Forex Brokers you will find that there are many other countries who do have a legal framework to licensed Forex Brokers.

Variety of Currency Pairs – You want to be able to widen your horizon and choose as many options as you want. Why should you limit yourself just to EUR USD GBP and JPY? What if you decide to trade Bitcoin against other major currency pair? The amount of currency pairs available with your Forex Broker is an important factor to consider when reviewing your options. 

Top Rated India Forex Brokers

This section of the site provides our visitors with the best Forex Brokers you can open trading account with. Below you can check out the thorough reviews of the top rated India based Forex Brokers.

 

Broker ReviewsRatingDemoLeverageBonusPlatformsMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTrader5Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
2invest8yes1:200Samsung Galaxy, iPhoneMetatrader 4200Skrill, Neteller, Credit Cards
LiteForex 7yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminal10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, Webtrader1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
XM7yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM Webtrader5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
Pepperstone7yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirror200bPay, credit cards, Paypal
AvaTrade 6yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
FP Markets6yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile trading200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
TradeFW6yes1:30https://www.forexexplore.com/forex-brokers/tradefw-review0Bank wire, Credit/Debit Card.
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium 100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
FXCM5yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector 250Credit/Debit card, Online Check, Bank Wire, Paper Check
Plus5005yes1:20030%Plus500500Skrill, Credit Cards, Wire Transfer
IronFX5yes1:50040%Metatrader 4100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Dukascopy4yes1:500-Dukascopy250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 450wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4100credit cards, wire transfer, Skrill, webmoney
AdvancedMarkets4yes1:50-Advanced Trader/Pro/Prime, Fortex FX 500Wire, Check
CMTrading4yes1:40015% matchMetaTrader 4, Sirix200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, Autotrade250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtreme100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtrade1check, Credit cards, PayPal, Wire transfer
iFOREX3yes1:400-FXnet Trader100credit cards, wire transfer
DFMarkets3yes1:20010% Trading Credit Promotion up to $1,000DFTrader, DF WebTrader, DF Mobile100Bank wire, Credit/Debit cards
Tickmill3yes1:500-MetaTrader 4, Webtrader100wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, Webtrader10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)1credit cards, wire transfer, china unionpay, skrill
AGEA2yes1:500-Streamster, MetaTrader 41Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money
CMCMarkets2yes500:1-Next Generation web-based1Credit cards, Wire Transfer
ActivTrades2yes1:400Metatrader 4, Activtrader100Credit Card, Wire transfer, neteller, skrill, sofort
Hotforex2yes1:1,000100% bonusMetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay
Saxo Bank2yes1:100n/aSaxoTrader5000Wire
Alpari2yes1:50050% WelcomeMetaTrader 41Debit or Credit Card, Wire Transfer
FinPro Trading2yes1:200100%Metatrader 4, zulutrade, Finopro station5credit cards, paypal, skrill, wire transfer
Blackwell Global2yes1:200-MetaTrader 4, Blackwell Pro, Mobile2000redit/debit cards, Neteller, Skrill, Wire transfer
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, Zulutrade300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobile250Credit cards, Neteller, Paypal, Skrill, Wire transfer
EasyMarkets2yes1:100Metatrader 4, EasyMarkets web-based platform100credit cards, neteller, Skrill, Webmney, wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App100Credit/Debit Cards
Markets.com2yes1:200up to $2,000Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTrader100Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments
eToro 1yes1:400; 1:1 for Crypto Currencies-eToro Platform200Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer
Tifia1yes1:1,000Metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
RealTrade1yes1:50030% welcome bonusMetaTrader 420Credit Cards, WebMoney, and Wire Transfer
FXOpen1yes1:500$100MetaTrader 41Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 450000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 41wire transfer, credit cards, perfect money
AdmiralMarkets1yes1:200n/aMetaTrader 410Wire
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary options5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
TraderTrust1yes1:200100% upto $5,000SmartForex100Skrill, Credit Cards
MEX Exchange1yes1:500Metatrader 425Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
FBS1yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, Webtrading1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
Forexer1yes1:500Forexer platform (Metatrader 5 version)200wire transfer
Simplefx1yes1:100MetaTrader 4 and in-house web-based platform1Wire transfer, Credit/debit cards, Skrill, Neteller, Astropay, Webmoney, FasaPay, Qiwi, Moneta, ru, Yandex, China UnionPay, Bitcoin and litecoin
Synergy FX1yes1:500MetaTrader 4500credit cards, skrill, wire transfer
Financika1yes200:1Profit, WebProfit, MetaTrader 4250 credit cards, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4250credit cards, neteller, skrill, wire transfer
Fortrade1yes1:200Fortrader500wire transfer, credit cards, skrill, neteller
FXGiants1yes1:500MetaTrader 4500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider Trader100wire transfer, credit cards, neteller, skrill
FXonus1yes1:500MetaTrader 4500Credit Cards, Skrill, Neteller, Wire Transfer, China Union Pay
FXoro1yes1:400Metatrader 4200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), Mobile250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 410credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web Trader100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, Skrill
LMFX1yes1:1,000100% match bonus, 15% recoveryMetatrader 4, Webtrader50credit cards, Fasapay, neteller, okpay, skrill, wire transfer
LQDFX1yes1:500MetaTrader 4, xStation20Wire transfer, Credit cards, Skrill, Neteller, Unipay, FasaPay, SoFort, iDeal
Mahi FX1yes1:100Metatrader 4, MahiFX1wire transfer, credit cards
Paxforex1yes1:500No deposit $7 bonus – cannot withdrawMetaTrader 410Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptions100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4100Neteller, Credit Cards, wire transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTrader1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4250
Tradersway1yes1:1,000Metatrader 4, ctrader0Skrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU
Trading2121yes1:200Trading212100wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
Tradize1yes1:1000100Skrill, Neteller, credit cards
TurnkeyForex1yes1:20000% deposit bonus; 30 days of commission-free trading; 30% rescue bonus MetaTrader 4, Trade Station5credit cards, wire transfer, neteller
Whaleclub1yes1:100in-house whaleclub web platform1bitcoin
Freshforex1yes1:1000SIGN-UP BONUS ¢100!Metatrader 41Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
AAAECN0yes1:200MetaTrader 4100credit cards, wire transfe
FxGlory0yes1:3,00050% up to $1,000MetaTrader4, Mobile1Credit/debit cards, Paypal
TrioMarkets0yes1:300-MetaTrader 4, Sirix Webtrader100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
Orbex0yes1:500MetaTrader 4500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
AccentForex0yes1:50050%MetaTrader 410WebMoney, OkPay, Skrill, Wire Transfer, Credit Cards
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTrader10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, Webtrader500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobile500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, Mobile5000Cash-U, Credit Card, Webmoney, Wire Transfer
RubixFX0yes400:1-MetaTrader 4500Wire Transfer, Credit Cards
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platform300credit cards, Skrill, CashU and wire transfer
FXGrow0yes200:1-MetaTrader 4, NetStation100Credit/Debit cards, Skrill, Neteller, OkPay, CashU, WireTransfer
Juno Markets0yes1:400-MetaTrader 4500neteller, skrill, credit cards, wire transfer
TeleTrade0yes1:20024%MetaTrader 4, Mobile2000credit cards, Wire transfer, Neteller, Skrill
KGIeworld0yes1:50-MetaTrader 41000Wire Transfer, Check
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticator500CashU, Neteller, Skrill, Wire Transfer
Adamant Finance0yes1:500Metatrader 41Bitcoin, CashU, credit cards, FasaPay, MegaTransfer, Neteller, OKPAY, QIWI, Webmoney, Yandex.Money
Alfa Financial0yes1:100MetaTrader 4, AX1Trader10000yes
AsiaFXI0yes1:40030%in-house platform100wire transfer, credit cards, Neteller, Skrill, PayPal
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 41Credit cards, Neteller, Skrill
CIBfx0yes1:200MetaTrader 4 100Paypal, Skill, Credit Cards, Neteller
Citypoint Trading0yes1:100MetaTrader 4, Vertex20credit cards, wire transfer
CMS Trader0yes1:200Sirix 500credit cards
Darwinex0yes1:200MetaTrader 4, cTrader500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4100
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binary100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Hydra Markets0yes1:1,000Metatrader 4100Skrill, Neteller, credit cards
Swissmarkets0yes1:500Metatrader 4, Webtrader200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360100credit cards, skrill, neteller, wire transfer
ForexMart0yes1:1,000$150 no deposit neededMetatrader 41credit cards, neteller, skrill, paypal, paxum
Trader.Online0yes1:200Trader.Online Platform250Credit Cards, Wire Transfer
Forexee0yes1:500Special trading commission $1, Welcome Bonus $15 for STP, 0% commission for depositsMetaTrader 450Credit Cards, Webmoney, Wire Transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, litecoin, Fasapay, etherium, Payza, Perfect Money
AETOS0yes1:200MetaTrader 4250Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY
LH-Crypto0yes1:500Metatrader 4, Metatrader 510Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer