Alison Heyerdahl
Edited by Alison Heyerdahl
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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

 

Learn how we set the standard for broker reviews. Explore our in-depth review process here.

Most Compared Brokers in India in October 2024

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

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
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
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
AvaTrade
FxPro
ASIC, FSCA
Regulators
CySEC, FSCA
400:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0.4 pips
USD 100
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

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Regulated by FCA
Licenced by
Min. Deposit
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.
Broker Score
Official Site
Compare
No
CySEC Regulated BrokersFinancial Services Conduct AuthorityMwali International Services Authority
USD 20
USD 6
4.37
/ 5
No
Financial Services Conduct AuthorityThe Seychelles Financial Services AuthorityCapital Markets AuthorityBritish Virgin Islands Financial Services Commission
Financial Services CommissionJordan Securities Commission
USD 10
USD 7
4.32
/ 5
No
CySEC Regulated BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersInternational Financial Services Commission
Financial Services Conduct Authority
USD 5
USD 6
4.45
/ 5
No
ASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
USD 100
USD 9
4.59
/ 5
Yes
CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex Brokers
Financial Services CommissionThe Seychelles Financial Services Authority
USD 0
USD 10
4.53
/ 5
No
CySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the Bahamas
USD 200
USD 8
4.46
/ 5
No
ASIC Regulated BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityThe Seychelles Financial Services Authority
Financial Services CommissionCapital Markets Authority
AUD 100
USD 6
4.40
/ 5
Yes
FCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated BrokersDFSA Regulated Forex Brokers
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
USD 0
USD 10
4.61
/ 5
No
CySEC Regulated BrokersASIC Regulated BrokersInternational Financial Services Commission
USD 5
USD 7
4.33
/ 5
Yes
FCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersFinancial Markets Authority of New Zealand
DFSA Regulated Forex BrokersFinancial Services Authority – St. Vincent & the Grenadines
USD 0
USD 10
4.44
/ 5

                

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.