Your Guide to Forex Brokers in India

Find the right
Forex broker

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Forex trading in India is illegal for non-professionals. The Securities Board of India regulates professional Forex trading to prevent capital flight. For details, click here.

  • Discover and compare top-rated Forex brokers
  • 180+ independently written broker reviews
  • Explore in-depth educational resources

The Secret to Successful Trading

Forex trading is high-risk speculation. It can be profitable but may also lead to losses. Forex traders should select a trusted, regulated broker, learn the basics of Forex trading, and create a solid trading plan. It’s important to develop a risk management strategy, practice with a demo account, and stay updated on global financial news.

Best Forex Brokers in India

Discover the top Forex brokers for Indian traders. Compare top platforms, fees and features to make an informed trading choice.

News

The FxScouts news portal covers trading news, trading education, market analysis, broker news, and regular updates on developments in the Forex industry.

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FxScouts Podcast

The Let's Talk Forex Podcast with Alison and Chris: A beginner's guide to Forex trading with free, unbiased content on brokers, terminology, analysis, and risk management.

Unbiased Expertise

Independent, in-depth reviews and comparisons of all Forex brokers in India, empowering you to make informed choices.

Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experience.

Impartial and Transparent

FxScouts is free to use, funded by affiliate links. When you sign up through our links, we may earn a commission, allowing us to keep improving our site for you.

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Best Brokers for Beginners

The best Forex brokers for beginners are regulated to ensure protection from fraud and have a user-friendly trading platform for a stress-free trading experience. They offer comprehensive trading education and a demo account so beginners can learn to trade without risking money. They also have low costs and reliable customer support in case technical issues arise.

Best Forex Brokers in India

We have thoroughly evaluated all well-regulated brokers that accept Indian traders. Your feedback is an important part of this evaluation, and we always incorporate the views of real traders when we make a recommendation. With our comprehensive guide, traders of all budgets and preferences will find a broker that fits their needs.

Octa

Flexible Leverage Options

4.37
/ 5
Highly Competitive Trading Costs
Exness

Ultra-Low Trading Costs

4.32
/ 5
Extensive Forex and Crypto Offerings
XM

Beginner-Friendly Platform

4.45
/ 5
Low trading costs and minimum deposits
AvaTrade

Comprehensive Trading Tools & Platforms

4.59
/ 5
Extensive Asset Range with Unique Instruments
HFM

Best for Copy Trading

4.53
/ 5
Low Deposit, Low-Cost Accounts
IC Markets

Great range of trading tools

4.46
/ 5
Lowest cost Raw Account
FP Markets

Low deposit, low-cost accounts

4.40
/ 5
Offers all major trading platforms
Pepperstone

Regulated and Trusted Globally

4.61
/ 5
Extensive Platform Variety
FBS

Low-Cost Entry for Beginners

4.33
/ 5
Comprehensive Cryptocurrency Trading
Axi

Robust Regulation and Safety

4.44
/ 5
Low-Cost Trading with Advanced Tools
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About Us


FxScouts was founded in 2011 to help Forex traders get the best start to their trading careers. We review brokers, offer trading education, and issue warnings on scam brokers. We also host a weekly podcast, and our YouTube channel is full of helpful tips and discussions about the latest market events. Our editorial team maintains up-to-date reviews on 180+ brokers and uses local expertise to provide accurate information for traders in over 20 countries and regions.

FxScouts.com is wholly owned and operated by FxScouts Group AB. FxScouts Group AB is registered in Sweden and owns and manages all the brands and domains in the FxScouts network. Click through for more on our global presence.

Most Compared Brokers in India in October 2024

These are the most requested broker comparisons in India. These are the areas that matter most to us:

  • Regulation: Safety and security are non-negotiable.
  • Transparent Fees: Keep your hard-earned profits.
  • Diverse Assets: Stocks, forex, indices – variety is key
  • User-Friendly Platforms: Finding the right platform is crucial.

Let’s cut through the noise! Compare these in-demand brokers and discover the best fit for your trading journey.

Octa
AvaTrade
CySEC, FSCA
Regulators
ASIC, FSCA
1000:1
Leverage
400:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.9 pips
USD 20
Min. Deposit
USD 100
Exness
Pepperstone
FSCA, FSA-Seychelles
Regulators
FCA, ASIC
Unlimited:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0 pips
USD 10
Min. Deposit
USD 0
XM
AvaTrade
CySEC, ASIC
Regulators
ASIC, FSCA
1000:1
Leverage
400:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.9 pips
USD 5
Min. Deposit
USD 100
AvaTrade
Pepperstone
ASIC, FSCA
Regulators
FCA, ASIC
400:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0 pips
USD 100
Min. Deposit
USD 0
HFM
FP Markets
CySEC, FCA
Regulators
ASIC, CySEC
500:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.0 pips
USD 0
Min. Deposit
AUD 100
IC Markets
Pepperstone
CySEC, ASIC
Regulators
FCA, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0 pips
USD 200
Min. Deposit
USD 0
FP Markets
Pepperstone
ASIC, CySEC
Regulators
FCA, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
AUD 100
Min. Deposit
USD 0
Pepperstone
IC Markets
FCA, ASIC
Regulators
CySEC, ASIC
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.1 pips
USD 0
Min. Deposit
USD 200
FBS
Pepperstone
CySEC, ASIC
Regulators
FCA, ASIC
3000:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.7 pips
Min. Spread
0 pips
USD 5
Min. Deposit
USD 0
Axi
XM
FCA, CySEC
Regulators
CySEC, ASIC
500:1
Leverage
1000:1
MT4
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.6 pips
USD 0
Min. Deposit
USD 5

                

Forex news

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Every week, we publish a round-up of the most important Forex trading news, including market analysis, broker news, regulatory changes, and the latest developments in the Forex industry.

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