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At Infobrokers, we evaluate Forex brokers to help traders make informed, confident decisions and avoid unreliable or unsafe options. We use a professional and detailed approach, focusing on key factors such as regulation and safety, trading costs, ease of use, platform features for all experience levels, and real trader feedback collected over 15 years.
We’ve outlined every step of our evaluation in detail on our Methodology Page. Our process is transparent, data-driven, and built on years of expertise, combined with real trader insights, ensuring you can trust our recommendations.
Our goal is to guide traders toward brokers that are safe, reliable, and suited to their needs, whether they are beginners or experienced professionals in India
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. 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.
Comparison of leading Forex brokers in India
The minimum deposit, EUR/USD spread, eligibility for residents of India, and the number of available currency pairs are key factors to consider when choosing a broker.
- The minimum deposit shows how affordable it is to start trading.
- The EUR/USD spread highlights trading costs—lower spreads mean you save more.
- Eligibility for residents of India ensures you can legally access the broker’s services.
- The number of currency pairs reveals the variety of trading options available.
Together, these factors help you determine if a broker is safe, cost-effective, and aligned with your trading needs.
| Min deposit | $0,00 | $100,00 | $0,00 | $0,00 | $0,00 |
|---|---|---|---|---|---|
| Average Spread EUR/USD | 0.6 Pips | 0.6 Pips | 0.6 Pips | 0.6 Pips | 0.6 Pips |
| Currency pairs | 58 | 63 | 69 | 71 | 49 |
Trading fees and commissions of top brokers in India
We compared both trading and non-trading fees of the top brokers in India. This comparison highlights the following:
These include average spreads in pips for popular currency pairs like EUR/USD and GBP/USD, based on both Standard and ECN account types with floating spreads.
These cover deposit and withdrawal fees (percentage-based), along with inactivity fees.
By analyzing these parameters, we aim to provide a transparent overview of the cost-effectiveness of brokers in India.
Trading fees
| Average Spread EUR/USD | 1.2 Pips | 1.6 Pips | 1.6 Pips | 1.3 Pips | 1.6 Pips |
|---|
Non-trading fees
| Deposit fee | 0 | 0 | 0 | 0 | 0 |
|---|---|---|---|---|---|
| Withdrawal fee | 0 | 0 | 0 | 0 | 0 |
Security and regulation of top brokers in India
When choosing a Forex broker in India, regulation ensures your funds are safe. Tier-1 regulation is the most reliable, with strict rules on transparency and client protection. Tier-2 regulation is solid but less strict, offering a reasonable level of oversight. Tier-3 regulation and unregulated brokers are riskier, with minimal or no monitoring, which can put your money at risk.
The data below shows the regulatory level of brokers available in India, helping you make a safe and informed choice.
| Regulation and safety | 4.9 | 4.8 | 4.8 | 4.8 | 4.7 |
|---|---|---|---|---|---|
| Regulation | — | FSCA (ZA), BAFIN (DE), NFA (US), ASIC (AU), FINMA (CH), MAS (SG), DFSA (AE) | FSCA (ZA), CBI (IE), ADGM (AE), ASIC (AU) | FSCA (ZA) | CMA (KE) |
| Negative balance protection | No | Yes | Yes | Yes | Yes |
Top 3 brokers for beginners in India
This comparison highlights the best brokers in India for new traders based on the following criteria:
- Education Score: Assesses the quality of educational materials, such as tutorials and guides.
- Cent Accounts: Allow traders to start with minimal capital ($1–$10), enabling them to learn market dynamics with limited financial risk.
- Demo Accounts: Provide risk-free environments for practicing trading strategies.
- Copy Trading: Enables new traders to learn by replicating the trades of experienced traders.
- PAMM Accounts: Offer opportunities for passive investment.
These features help ensure a smooth start and effective learning experience for beginners in India.
| Education score | 4.9 | 4.8 | 4.8 | 4.8 | 4.7 |
|---|---|---|---|---|---|
| Copy trading | No | Yes | Yes | Yes | No |
| PAMM | No | Yes | No | Yes | No |
| Mobile trading | Yes | Yes | Yes | Yes | Yes |
Is Forex regulated in India?
Yes, the Forex market is regulated in India, but with restrictions. Foreign exchange transactions are strictly controlled by the Reserve Bank of India (RBI) and are regulated under the Foreign Exchange Management Act (FEMA). Trading currencies is legal only on national exchanges (e.g., NSE, BSE) and in currency pairs where the Indian rupee (INR) is one of the currencies.
Forex investor protection in India
The RBI and the Securities and Exchange Board of India (SEBI) ensure the protection of investors. Only licensed brokers can provide currency trading services. Strict reporting and transparency requirements are in place to protect clients from fraud.
Forex taxation in India
Income from Forex trading is taxed as “income from business or profession,” with a rate of up to 30% for high-income individuals.
How to choose a Forex broker in India
For beginners, it’s essential to start with a strong foundation in Forex trading basics. Focus on understanding trading psychology, how leverage impacts risk, and the importance of lot sizes and risk management strategies.
Once you’ve built your knowledge, follow these practical steps to begin trading Forex in India:
Ensure the broker is regulated by a Tier-1 or Tier-2 regulatory authority or holds a valid license in India. Regulation helps guarantee fund safety and compliance with industry standards.
Seek brokers offering low spreads, transparent fees, and competitive commission structures for India clients to minimize trading costs.
Choose brokers offering advanced platforms such as MT4, MT5, or TradingView for efficient trading and analysis.
Select a broker that offers account types suited to your needs, such as Cent and Demo accounts for beginners and ECN accounts for experienced traders.
Ensure the broker provides fast, affordable, and reliable deposit and withdrawal methods in India.
Choose brokers that offer responsive, multilingual support 24/7 to ensure prompt and effective issue resolution.
How to start trading Forex with minimal or no investment in India?
Forex trading in India can be started with minimal or no investment by choosing brokers that offer cent accounts, which allow low-risk trading with small amounts. Many brokers also provide no-deposit bonuses, affiliate programs, and trading contests to help traders earn start-up capital without investing their own funds. Practicing on a demo account is an excellent way to develop trading skills and confidence before entering the live market.
| Overall score | 4.3 | 4.2 | 4.2 | 4 | 4 |
|---|---|---|---|---|---|
| Min deposit | $10,00 | $0,00 | $0,00 | $0,00 | $0,00 |
| Deposit bonus | Yes | No | No | No | No |
| Deposit fee | 0 | 0 | 0 | 0 | 0 |
| Withdrawal fee | 0 | 0 | 0 | 0 | 0 |
Expert advice for traders in India
