Best Forex Brokers India 2022
Here are the best forex brokers accepting residents of India as clients.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.- IG - 9.7/10 Overall
- Saxo Bank - 9.5/10 Overall
- Interactive Brokers - 9.2/10 Overall
- FOREX.com - 8.7/10 Overall
- AvaTrade - 8.2/10 Overall
- Admiral Markets - 8.1/10 Overall
- IC Markets - 8/10 Overall
- Capital.com - 8.1/10 Overall
- Markets.com - 8.1/10 Overall
- XM Group - 8/10 Overall
- FP Markets - 7.9/10 Overall
- Tickmill - 7.8/10 Overall
- HYCM (Henyep) - 7.7/10 Overall
- HFM - 7.6/10 Overall
- BDSwiss - 7.6/10 Overall
Overall Rating
9.7
/ 10
Minimum Initial Deposit
£250.00
Trust Score
Highly Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 0.828 (September 2021) |
| All-in Cost EUR/USD - Active | 0.365 (May 2020) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 32 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.5
/ 10
Minimum Initial Deposit
$2,000
Trust Score
Highly Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 0.8 (August 2020) |
| All-in Cost EUR/USD - Active | 0.6 (August 2020) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1992 |
| Publicly Traded (Listed) | No |
| Bank | Yes |
| Tier-1 Licenses | 6 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 40000 |
| Forex Pairs (Total) | 182 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 62 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.2
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 0.6 (From 09/25/21 - 10/02/21) |
| All-in Cost EUR/USD - Active | 0.6 (From 09/25/21 - 10/02/21) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
Regulation
| Year Founded | 1977 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 8 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 7400 |
| Forex Pairs (Total) | 91 |
| Bitcoin | No |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 127 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8.7
/ 10
Minimum Initial Deposit
$100
Trust Score
Highly Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 1.1 (US August 2021) |
| All-in Cost EUR/USD - Active | 1.1 (US August 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 139 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8.2
/ 10
Minimum Initial Deposit
$100
Trust Score
Highly Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 0.91 (Aug 2020) |
| All-in Cost EUR/USD - Active | 0.61 (Aug 2020) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2006 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 3 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 1260 |
| Forex Pairs (Total) | 55 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 90 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8.1
/ 10
Minimum Initial Deposit
$100
Trust Score
Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 0.8 (July 2021) |
| All-in Cost EUR/USD - Active | 0.7 (July 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2001 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 8425 |
| Forex Pairs (Total) | 50 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8
/ 10
Minimum Initial Deposit
$200
Trust Score
Trusted
Cost & Funding
| Average Spread EUR/USD - Standard | 0.62 (August 2021) |
| All-in Cost EUR/USD - Active | 0.62 (August 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3583 |
| Forex Pairs (Total) | 61 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | No |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 30 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8.1
/ 10
Minimum Initial Deposit
$20
Trust Score
Average Risk
Cost & Funding
| Average Spread EUR/USD - Standard | 0.8 (Sep 2021) |
| All-in Cost EUR/USD - Active | 0.8 (Sep 2021) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2016 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 6000 |
| Forex Pairs (Total) | 138 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 75 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
Overall Rating
8.1
/ 10
Minimum Initial Deposit
$100
Trust Score
98
Cost & Funding
| Average Spread EUR/USD - Standard | 1.9 (as of Oct 2019) |
| All-in Cost EUR/USD - Active | 1.9 (as of May 2019) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Trading - Forex or CFDs | No |
| Tradeable Symbols (Total) | 2179 |
| Forex Pairs (Total) | 57 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 89 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | No |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Here are some additional brokers worth checking out.
Why Choose Forex.com For India?
Forex.com scored best in our review of the top brokers for india , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
- 19 + years in business
- Offers 300 + instruments
- A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
- 24/7 customer service
- Tight spreads from 1.00pips
- Used by 0 + traders.
- Offers demo account
- 1 languages
Forex.com offers one way to trade Forex, if you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker's trust score. To calculate a broker's trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19 years.
Trust Score comparison
A Comparison of Forex.com vs. ThinkMarkets
Want to see how Forex.com stacks up against ThinkMarkets? We've compared their spreads, features, and key information below.
Spread & fee comparsion
The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Comparison of account & trading features
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more.