Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

 

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
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Compare brokers to find the right fit

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics.

Select Brokers to Compare

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Most Compared Brokers in India in June 2026

We’re revealing the most requested broker comparisons to simplify your search. These are the matchups constantly on the minds of investors in India, and with good reason. They excel in the areas that matter most to us:

  • Financial Regulation: Safety and security are non-negotiable.
  • Transparent Fees: We want to keep our hard-earned profits!
  • Diverse Assets: Stocks, forex, crypto – these brokers offer the variety you’re looking for.
  • User-Friendly Platforms: Whether you’re a pro or starting out, finding the right platform is crucial.

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

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
IC Markets
XM
ASIC, CySEC
Regulators
CySEC, ASIC
500:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0.6 pips
USD 200
Min. Deposit
USD 5
FP Markets
Pepperstone
ASIC, FSCA
Regulators
FCA, ASIC
500:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
USD 100
Min. Deposit
USD 0
XTB
FxPro
CySEC, FCA
Regulators
CySEC, FSCA
500:1
Leverage
200:1
xStation5
Platforms
MT4, MT5
0.8 pips
Min. Spread
0.4 pips
USD 0
Min. Deposit
USD 100

Top Overall Brokers by Broker Score

Unbiased Expertise

Independent, in-depth reviews and comparisons of all well regulated Forex brokers, 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.

Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Listen to Alison and Chris discuss what to look for in a Forex broker. They cover the importance of finding a well-regulated broker, a user-friendly platform, and keeping your trading costs low. They also recommend looking for a broker with good educational resources, a demo account, and good customer support.

Best Forex Brokers in India (9)

To find the best forex brokers for Indian traders, we analysed internationally regulated brokers that accept clients from India. Our evaluation considered key factors like top-tier regulation, trading conditions, platform quality, fees, and customer support. We then ranked them by overall score to help traders choose the most suitable option.


Min. Deposit

USD 0
XM
4.45
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
No
Licenced by
regulatorregulatorregulatorregulator
Min. Deposit
USD 5
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 6
HFM
4.43
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
Yes
Licenced by
regulatorregulatorregulatorregulatorregulator
Min. Deposit
USD 0
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10
AvaTrade
4.59
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
No
Licenced by
regulatorregulatorregulatorregulatorregulatorregulatorregulator
Min. Deposit
USD 100
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 9
IC Markets
4.46
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
No
Licenced by
regulatorregulatorregulatorregulator
Min. Deposit
USD 200
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 8
FP Markets
4.60
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
No
Licenced by
regulatorregulatorregulatorregulatorregulator
Min. Deposit
USD 100
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 6
Pepperstone
4.71
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
Yes
Licenced by
regulatorregulatorregulatorregulatorregulatorregulatorregulator
Min. Deposit
USD 0
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 7
XTB
4.49
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
Yes
Licenced by
regulatorregulatorregulatorregulator
Min. Deposit
USD 0
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 7
PU Prime
4.54
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
No
Licenced by
regulatorregulatorregulator
Min. Deposit
USD 20
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 13
ACY Securities
4.39
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Regulated by FCA
No
Licenced by
regulatorregulatorregulator
Min. Deposit
USD 50
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10

                

Let's Talk Forex with Alison & Chris

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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.