Best Forex Brokers in India for 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers India based on our analysis:
- 1
AvaTrade - Best Forex broker in India - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
PrimeXBT - Fast registration and verification. Tight spreads and low fees on crypto futures. Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments. - 4
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 5
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 6
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 7
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 8
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 9
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 10
IFC Markets - A wide range of trading assets. Variety of trading platforms. Educational materials for traders of all experience levels.
The Forex market in India is a vibrant and rapidly growing sector, marked by many reputable brokers offering diverse trading platforms and benefits. Our team has researched extensively to curate a comprehensive list of India's Best Forex Brokers. This list is tailored to guide you in choosing a broker that aligns with your trading style, ensuring the safety and integrity of your investments.
Comparison of the Best Forex Brokers in India
| Broker | AvaTrade | FP Markets | PrimeXBT |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.4/5 |
| Foundation Year | 2005 | 2005 | 2018 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | South Africa, Seychelles, El Salvador, Mauritius |
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| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0.1 points |
| Trading Assets (CFDs) |
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| Review | AvaTrade Review | FP Markets Review | PrimeXBT Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
List of the Best Indian Forex Brokers for 2026
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. PrimeXBT
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No telephone support.
4. AMarkets
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
5. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
6. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
7. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
8. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
9. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
10. IFC Markets
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
Regulation of Forex Trading in India
Forex market regulation in India aims to ensure transparency and fairness in trading activities, as enforced by Indian regulatory authorities.
Key Regulatory Bodies in India
Securities and Exchange Board of India (SEBI). SEBI is central in regulating Forex trading activities in India. It enforces Forex and CFD trading rules to protect investors and uphold market integrity.
Reserve Bank of India (RBI). The RBI is crucial in India's financial markets, including the Forex market. It sets policies and guidelines for Forex trading and ensures the stability and smooth functioning of the foreign exchange market.
Forward Markets Commission (FMC). Before its merger with SEBI, FMC regulated the commodity futures market in India. Post-merger, SEBI oversees securities and commodity futures markets, ensuring more comprehensive regulation.
Verifying Broker Authorization
To confirm a broker’s authorization by SEBI, Indian Forex traders can utilize SEBI’s online resources to check brokers' registration and regulatory compliance. This platform allows traders to verify if a Forex broker is regulated and authorized under SEBI’s guidelines. Typically, a broker's website will include key disclosure text indicating their regulatory status under SEBI.
Traders should search for the firm's name in the SEBI registration database to confirm compliance. Information on the licensing status of regulated brokers in India can also be found on SEBI’s official website.
How We Compiled the List of the Best Forex Brokers in India
Our approach to identifying the best Forex trading platforms in India has been meticulous and focused, emphasizing essential factors:
Our selection of brokers is derived from our comprehensive rating of Forex brokers.
The evaluation of brokers is based on our established assessment methodology.
Every broker listed is recognized for accepting Forex traders from India.
These criteria ensure that the Forex and CFD brokers we endorse adhere to stringent standards of trustworthiness and offer the necessary trading conditions for safe and effective participation in the Forex market.
FAQ
Which Forex broker is best in India?
The best forex broker in India depends on various factors such as regulatory compliance, trading platforms, and customer support. Some of the top-rated forex brokers for Indian traders include:
- IC Markets: Known for its competitive spreads, excellent trading platforms, and strong regulatory oversight by the Australian Securities and Investments Commission (ASIC).
- Pepperstone: Offers low spreads, a variety of trading platforms, and is well-regulated by multiple authorities including ASIC.
- AvaTrade: Provides a user-friendly platform, low minimum deposits, and attractive promotional offers.
It's important for traders in India to choose brokers that are compliant with local regulations and offer reliable customer service.
Also, check our list of the best Forex brokers for beginners in India.
Is Forex Trading Legal in India?
Forex trading is legal in India but restricted to currency pairs benchmarked against the Indian Rupee (INR). The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) regulate the trading of these Forex pairs.
Can I Trade Forex in India Without a Broker?
In India, it is necessary to trade through a broker due to regulatory constraints. The broker must be registered and approved by SEBI. Direct trading without a broker is not permitted in the Indian Forex market.
How Do Forex Brokers Make Money?
Forex brokers make money primarily through spreads, the differences between currency pairs' buying and selling prices. Some also charge commissions or trading fees; others earn from overnight interest rates (swap rates) and by providing leverage to traders. For examples of brokers with competitive pricing, see our page on low spread Forex brokers in India.
What is the Minimum Deposit Required for Forex Trading in India?
The minimum deposit required varies by broker. Some brokers may allow you to start trading with as little as $1 (or its equivalent INR), while others might need a larger minimum deposit. It's essential to choose a broker that fits your financial situation.
How to Avoid Forex and CFD Scams in India?
To avoid scams, always choose a CFD broker that SEBI regulates. Research the broker’s history, read reviews, and ensure transparent trading practices. Be wary of promises of high returns with low risk, and avoid brokers that pressure you to make large deposits.
Do International Forex Brokers accept clients from India?
While foreign brokers can offer services in India, trade with brokers regulated by SEBI is safer and more legally sound. Trading with an international broker who does not adhere to Indian laws might lead to legal issues.
What are the Tax Implications for Forex Trading in India?
Profits from Forex trading are taxable in India. The tax rate depends on the trader’s income bracket. It's classified under capital gains or business income, depending on the nature of the trading activity. Consult a tax professional for accurate guidance.
How to Start Trading Forex in India?
To start trading Forex in India, educate yourself about the Forex market. Then, choose a regulated Forex broker, open a trading account, and deposit funds. Begin with a demo account to practice before trading with real money.
What are the Legal Currency Pairs for Forex Trading in India?
Legal currency pairs for Forex trading in India are with the INR. Examples include USD/INR, EUR/INR, GBP/INR, and JPY/INR. Trading in pairs that do not involve the INR is not permitted under current Indian regulations.
