Lowest Spread Forex Brokers in India 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the lowest spread Forex brokers in India based on our analysis:
- 1
XM - Best low spread Forex Broker in India - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 2
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 3
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 4
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 5
- 6
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 7
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 8
- 9
xChief - A wide range of trading instruments. Availability of cent and PAMM accounts. Tight spreads and low commission per transaction. - 10
The spread plays a crucial role when choosing a Forex broker, as it directly affects the cost of each trade. Brokers with tighter spreads allow traders to minimize expenses and enhance the overall efficiency of their trading strategies.
Comparison of the Best Forex Brokers with Low Spreads in India
| Broker | XM | AMarkets | Roboforex |
|---|---|---|---|
| Rating | 4.7/5 | 4.4/5 | 4.4/5 |
| Foundation Year | 2009 | 2007 | 2009 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles | Cook Islands, Comoros | Belize |
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| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
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| Review | XM Review | AMarkets Review | Roboforex 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 Low Spread Forex Brokers in India 2026
1. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
2. 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.
3. 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.
4. 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.
5. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
6. 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.
7. 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.
8. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
9. xChief
xChief offers traders a variety of opportunities and services for successful trading in the Forex market. With a wide selection of trading instruments, reliable trading platforms, contests, and educational materials, the broker creates conditions for developing traders of all experience levels.
Pros and Cons of xChief
Pros
- A wide range of trading instruments.
- Availability of cent and PAMM accounts.
- Tight spreads and low commission per transaction.
- Scalping and algorithmic trading allowed.
Cons
- Regulation in an offshore jurisdiction.
- Weak analytical section.
- No educational courses and webinars for beginner traders.
10. Grand Capital
Grand Capital is a broker that offers a wide range of trading instruments and account types, making it an attractive choice for traders with different strategies and experience. Narrow spreads, especially on major currency pairs, ensure competitive trading conditions and the availability of educational materials that support novice and experienced traders in their development. The 24/7 multi-lingual support ensures that assistance is promptly provided.
Grand Capital will suit traders who appreciate a variety of trading tools and account types, as well as those who actively utilize educational resources to enhance their skills. The broker will be especially attractive for those who prefer to use MetaTrader platforms and are not concerned about the potential risks of the lack of strict regulation.
Pros and Cons of Grand Capital
Pros
- Diversity of trading account types.
- Tight spreads.
- A wide range of trading assets.
- Multilingual support 7 days a week, 24 hours a day.
Cons
- It is not regulated by leading financial regulators.
- High swaps.
- Lack of MetaTrader alternatives.
What to Consider When Choosing a Low Spread Forex Broker in India
When selecting a low spread Forex broker in India, traders should look beyond advertised minimum spreads and assess several key factors that directly affect real trading costs, execution reliability, and overall account usability.
Regulation & Broker Credibility
Forex trading in India is subject to strict local rules, and many Indian traders choose internationally regulated brokers that accept clients from India. Trusted brokers are usually supervised by well-known regulators such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus). Strong regulation enhances transparency, ensures client fund segregation, and increases overall trading safety.
Spread Models & Commission Policy
Low spread brokers typically provide different pricing structures, including:
- Raw / ECN accounts with spreads from 0.0 pips plus a fixed commission, often favored by scalpers and high-volume traders.
- Standard accounts where costs are built into slightly wider spreads, which may suit beginners or occasional traders.
Evaluating the broker’s total “all-in” cost per trade is essential for a fair comparison.
Execution Quality & Slippage Control
Low spreads are effective only if trades are executed accurately. Indian traders should prioritize brokers that offer:
- STP or ECN execution
- Fast order processing with low latency
- Reliable slippage management during volatile market conditions
Trading Platforms & Account Features
Leading low spread brokers should support popular platforms like MetaTrader 4 and MetaTrader 5, provide robust analytical tools, and allow flexible trade sizing. Stable leverage options and consistent trading conditions are also important for traders based in India.
Non-Trading Fees & Extra Charges
To maintain low overall costs, it’s important to review non-trading fees. The best Forex brokers in India typically offer:
- Free or low-fee deposits and withdrawals
- No monthly account maintenance charges
- Inactivity fees applied only after extended periods without trading
How We Selected the Lowest Spread Forex Brokers in India
Our ranking of the best low spread Forex brokers in India is built on a structured and objective evaluation process designed to identify brokers that combine competitive trading costs with dependable and transparent trading conditions.
- The selection process starts with our global database of Forex brokers. Each broker is initially assessed based on key criteria such as overall reputation, years of operation, financial stability, regulatory standing, and long-term consistency in service quality.
- Brokers that pass this first stage are then reviewed using our internal evaluation methodology. This assessment focuses on spread and commission transparency, order execution speed and accuracy, platform reliability, customer support standards, and performance during real market conditions.
- A core requirement for inclusion is the broker’s ability to accept clients from India while operating under recognized international regulatory authorities such as the FCA (UK), ASIC, or CySEC. Strong regulatory supervision enhances compliance, ensures proper segregation of client funds, and provides an additional layer of trader protection.
- Special emphasis is placed on brokers that consistently maintain spreads at or below the industry average. Lower spreads are essential for reducing overall trading costs and improving execution efficiency, particularly for active traders, scalpers, and short-term trading strategies.
These criteria ensure that the Forex brokers featured on this page offer a well-balanced combination of low trading costs, regulatory reliability, and high-quality trading conditions tailored to traders in India.
FAQ
What Is a Spread in Forex Trading?
A spread in Forex trading is the difference between the bid price (sell) and the ask price (buy) of a currency pair. It represents the primary cost of executing a trade and varies depending on market conditions and broker pricing models.
What Are Low Spread Forex Brokers and Why Do They Matter?
Low spread Forex brokers offer tighter bid-ask differences compared to average market levels. They matter because lower spreads reduce trading costs, improve profitability, and are especially beneficial for active traders and short-term strategies.
Which Forex Brokers Have the Lowest Spreads in India?
The lowest spreads for Indian traders are typically offered by internationally regulated brokers providing ECN or raw spread accounts. These brokers usually maintain competitive pricing on major currency pairs while accepting clients from India.
Is There a Zero Spread Forex Broker in India?
No broker offers true zero spreads at all times. Some brokers advertise spreads starting from 0.0 pips on raw or ECN accounts, but trading costs are usually offset by fixed commissions per trade.
How Do Low Spread Forex Brokers Make Money?
Low spread brokers earn revenue through commissions, slightly marked-up spreads, or a combination of both. Additional income may come from swap fees, non-trading fees, or premium account services.
What Is Considered a Low Spread in Forex?
A low spread typically starts from around 0.0–0.3 pips on major currency pairs for raw accounts, or under 1.0 pip on standard accounts. The exact benchmark depends on the trading pair and market liquidity.
Which Forex Pairs Have the Lowest Spreads?
Major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF usually have the lowest spreads due to high liquidity and strong market demand.
Are Low Spreads Better for Scalping and Day Trading?
Yes. Low spreads are particularly important for scalping and day trading because these strategies rely on small price movements. Lower transaction costs help improve trade efficiency and net returns.
Which Low Spread Forex Broker Is Best for Scalping?
The best brokers for scalping typically offer raw spreads, fast execution, low latency, and ECN or STP execution models. Stable trading conditions during volatile markets are also essential.
Do Low Spread Brokers Charge Hidden Fees?
Reputable brokers are transparent about their fees. However, traders should always review commission structures, swap rates, inactivity fees, and withdrawal charges to understand the full cost of trading.
What Non-Trading Fees Do Low Spread Brokers Charge in India?
Non-trading fees may include withdrawal fees, currency conversion charges, and inactivity fees. Many top brokers minimize or waive these costs, especially for active traders.
How Is the Forex Spread Calculated?
The spread is calculated by subtracting the bid price from the ask price of a currency pair. For example, if EUR/USD is quoted at 1.1000 / 1.1002, the spread is 2 pips.
What Makes the Lowest Spread Forex Brokers Stand Out?
Top low spread brokers combine competitive pricing with fast execution, reliable platforms, strong regulation, transparent fees, and stable performance during high-volatility periods.
Which Forex Brokers Offer the Lowest All-In Trading Costs?
Brokers offering raw or ECN accounts with low commissions often provide the lowest total trading costs. Evaluating both spreads and commissions together gives a more accurate cost comparison.
Is Forex Trading Suitable for Beginners in India?
Forex trading can be suitable for beginners if they choose well-regulated brokers, start with demo accounts, manage risk carefully, and understand trading costs. Standard accounts with slightly wider spreads may be easier for new traders to use. Check our list of the best Forex brokers for beginners.
