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Best Forex Brokers for Traders in India


The brokers below represent what we believe to be the best forex brokers for traders in India. This is based both upon the broker's independent trader rating and their market share in India. Not all the forex brokers below have a Hindi version of their website. If you need a broker that supports the Hindi language, you can view our Best Hindi Language Forex Brokers page. Click on the links in the left column menu for the best forex brokers for traders in other countries.

(The number in parenthesis behind the broker name is their independent trader rating. You can click on the regulation info to verify the broker's regulation. Languages link to the broker's site in that language)

Forex Brokers in India Top Ten Forex Brokers for Traders in India Indian Forex Brokers

Exness (Cy) Ltd. Review Exness (Cy) Ltd. (7.82) Exness (Cy) Ltd. Review

Headquarters: Limassol, Cyprus Popularity Percentile: 99.4
Regulated by: CySEC (Cyprus), BaFin (Germany), CNMV (Spain), FI (Sweden), IFSC (Belize), NAFD (Russia), FMRRC (Russia) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Web, MT5 Mobile
Forex Online Since: 2008 No. of Currency Pairs: 105
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:2000
Account Types: Mini, Classic, ECN Client Funds Segregated: Yes
VPS Available: Yes, free Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Bengali, Chinese Simplified, English, French, German, Hindi, Indonesian, Italian, Korean, Malay, Persian / Farsi, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese

HotForex Review HotForex (8.15) HotForex Review

Headquarters: Ebene, Mauritius Popularity Percentile: 88.6
Regulated by: FSCM (Mauritius), FCA (UK), CySEC (Cyprus), BaFin (Germany), AMF (France), FSB (SA), BA (Africa) Platforms: Metatrader 4, MT4 Mobile, MT4 Web, RapidTrader FIX/API by Integral
Forex Online Since: 2009 No. of Currency Pairs: 47
Broker Type / Order Processing: NDD Maximum Leverage: 1:1000 (Micro)
Account Types: Micro, Premium, VIP, Zero Spread, Fixed, Currenex, HF Social, Islamic Client Funds Segregated: Yes, through Safyr, funds held in Barclays
VPS Available: Free with $5000 deposit Minimum Account: $25
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Bengali, Bulgarian, Chinese Simplified, Chinese Traditional, English, French, German, Greek, Indonesian, Italian, Korean, Malay, Persian / Farsi, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese

IC Markets Review IC Markets (8.01) IC Markets Review

Headquarters: Sydney, NSW, Australia Popularity Percentile: 96.8
Regulated by: ASIC (Australia) Platforms: cTrader, cTrader cAlgo, cTrader Mobile, cTrader Web, FIX API, Metatrader 4, Metatrader 5, MT4 Mobile, Myfxbook AutoTrade, SignalTrader, ZuluTrade Social
Forex Online Since: 2007 No. of Currency Pairs: 64
Broker Type / Order Processing: ECN Maximum Leverage: 1:500
Account Types: Standard, True ECN, cTrader ECN, Islamic Swap Free Client Funds Segregated: Yes, funds held in National Australia Bank and Westpac Banking Corporation
VPS Available: 100 round turn lots per month qualifies for sponsored VPS Minimum Account: $200
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, EUR, GBP, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: No Trading Contests: No
Languages: Chinese Simplified, English, Japanese, Russian

FXTM Europe Review FXTM Europe (7.99) FXTM Europe Review

Subsidiaries: FXTM Global - Belize City, Belize
Headquarters: Limassol, Cyprus Popularity Percentile: 98.1
Regulated by: CySEC (Cyprus), FCA (UK), BaFin (Germany), AMF (France), CNMV (Spain), CNB (Czech Rep), MNB (Hungary), IFSC (Belize) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Multiterminal, MT4 Web, MT5 Mobile
Forex Online Since: 2011 No. of Currency Pairs: 58
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:1000
Account Types: Standard, Cent, ECN, ECN Zero, ECN MT5. ECN Strategy, Pro Client Funds Segregated: Yes
VPS Available: Yes Minimum Account: $5
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, GBP, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Chinese Simplified, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Spanish, Thai, Urdu, Vietnamese

Alpari Limited (Russia) Review Alpari Limited (Russia) (7.19) Alpari Limited (Russia) Review

Subsidiaries: Alpari International Limited - Ebene, Mauritius
Headquarters: Kingstown, St Vincent Popularity Percentile: 95.4
Regulated by: CBR (Russia), NBRP (Belarus), NAFD (Russia), FC (International), FSCM (Mauritius), IFSC (Belize) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT5 Mobile
Forex Online Since: 2000 No. of Currency Pairs: 46
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:1000
Account Types: nano.mt4, standard.mt4, ecn.mt4, pro.ecn.mt4, ecn.mt5 Client Funds Segregated: Yes
VPS Available: No Minimum Account: $1
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Chinese Simplified, English, Hindi, Indonesian, Persian / Farsi, Portuguese, Russian, Spanish, Vietnamese

Tickmill Review Tickmill (7.22) Tickmill Review

Headquarters: London, UK Popularity Percentile: 95.6
Regulated by: FCA (UK), SFSA (Seychelles) Platforms: Metatrader 4, MT4 Mobile, MT4 Web, Myfxbook AutoTrade
Forex Online Since: 2014 No. of Currency Pairs: 62
Broker Type / Order Processing: ECN / DMA / NDD / STP Maximum Leverage: 1:500
Account Types: Classic, ECN Pro, VIP Client Funds Segregated: Yes, funds held with Barclays, Unicredit Pakao, Erste Bank, PPF Bank and others
VPS Available: Yes, 20% discount through BeeksFX Minimum Account: $25
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: EUR, GBP, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Chinese Simplified, English, Indonesian, Russian

Pepperstone Financial Party Ltd Review Pepperstone Financial Party Ltd (7.59) Pepperstone Financial Party Ltd Review

Headquarters: Melbourne, VIC, Australia Popularity Percentile: 86.8
Regulated by: ASIC (Australia) Platforms: cTrader, cTrader cAlgo, cTrader Mobile, cTrader Web, FIX API, Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Web, Myfxbook AutoTrade
Forex Online Since: 2010 No. of Currency Pairs: 70
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:500
Account Types: Standard STP, Razor, Islamic Client Funds Segregated: Yes, funds held in trust accounts with The National Australia Bank
VPS Available: Yes, discounted through ForexVPS.net Minimum Account: $200
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Chinese Simplified, English, Indonesian, Japanese, Korean, Russian, Spanish, Thai, Vietnamese

Forex4you Review Forex4you (6.64) Forex4you Review

Headquarters: Road Town, Tortola, BVI Popularity Percentile: 93.9
Regulated by: FSC (BVI) Platforms: Forex4you Mobile, Metatrader 4, MT4 Mobile
Forex Online Since: 2007 No. of Currency Pairs: 43
Broker Type / Order Processing: NDD / STP Maximum Leverage: 1:1000
Account Types: Cent, Cent NDD, Classic, Classic NDD, Pro STP Client Funds Segregated: Yes
VPS Available: Yes, through Plug & Cloud Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, RUB, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes

Tallinex Limited Review Tallinex Limited (6.05) Tallinex Limited Review

Headquarters: Kingstown, St Vincent Popularity Percentile: 91.6
Regulated by: MTR (Estonia), FSPC (International) Platforms: Metatrader 4, MT4 Mobile
Forex Online Since: 2012 No. of Currency Pairs: 49
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:1000
Account Types: ECN-Micro, ECN-Pro Client Funds Segregated: Yes
VPS Available: Yes, free with $100 account Minimum Account: $100
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: No Trading Contests: Yes
Languages: English

LiteForex (Europe) Ltd Review LiteForex (Europe) Ltd (6.24) LiteForex (Europe) Ltd Review

Headquarters: Limassol, Cyprus Popularity Percentile: 93.6
Regulated by: CySEC (Cyprus) Platforms: Currenex Classic, Currenex Viking, Metatrader 4, MT4 Mobile, MT4 MultiTerminal
Forex Online Since: 2008 No. of Currency Pairs: 60
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:1000
Account Types: STP Mini, STP Classic, STP Platinum, Currenex Client Funds Segregated: Yes
VPS Available: No Minimum Account: $100
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, CZK, EUR, GBP, JPY, NZD, PLN, RUB, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: Yes

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MoF Issues Warning Against Unauthorized Broker HF Markets

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Exness Upgrades FCA License and Prepares for UK Operations

23 Jun 2017, London, UK - EXNESS News - Exness is pleased to announce that its UK entity, Exness Europe Limited (EEL), has received approval from the FCA to upgrade its permissions to a full scope, "IFPRU 730k" license.


CFTC Starts Legal Action against Retail FX Broker Tallinex

5 Jun 2017, Washington, DC, USA - CFTC - CFTC charges Estonian company Tallinex with fraud and failure to register as a retail foreign exchange dealer and Nevada company General Trader Fulfillment with failure to register as . . .


IC Markets Launches MT5 Trading Platform For Clients

31 May 2017, Sydney, Australia - Finance Magnates - Clients at IC Markets will gain full access to the MT5 platform, complete with new backtesting capabilities. IC Markets, an online provider of foreign exchange (FX) services . . .


Exness Upgrading FCA Unit, Expects FX Operations Launch in September 2017

18 May 2017, London, UK - LeapRate - LeapRate has learned via regulatory filings that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed . . .


HotForex Receives THE BIZZ 2017 Peak of Success Award

18 May 2017, Port Louis, Mauritius - PRNewsWire - The prestigious award is a recognition of the forex broker's business excellence at an international level. Online forex and commodities broker, HotForex was acknowledged . . .


HotForex Activates South Africa FSB License, Opens Johannesburg Office

11 May 2017, Johannesburg, South Africa - LeapRate - Global retail forex broker HotForex has announced the launch of a dedicated office in Johannesburg. HotForex is a unified brand name of the HF Markets Group, which includes . . .


MetaQuotes Adds XM.com and IC Markets as MT5 Platform Adopters

11 Apr 2017, Limassol, Cyprus - MetaQuotes - Migration of major brokers to MetaTrader 5 is well underway. On April 2017, XM.com, IC Markets and Hedge Total have announced the launch of the multi-asset HFT platform.



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15 Mar 2017, Melbourne, Australia - LeapRate - Financial trading technology provider Tradency has announced that leading Australian retail forex broker Pepperstone is set to launch Tradency's MirrorTrader service. The . . .


FXTM Introduces Negative Balance Protection on Back of Latest CySEC Rules

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Alpari becomes a Licensed Forex Dealer in Russia

28 Nov 2016, Moscow, Russia - Alpari News/Press Release - The central bank of the Russian Federation finalised its decision to issue Alpari Forex Ltd. with a license granting the company the right to conduct its . . .


HotForex Named Best Forex Broker in Middle East

17 Nov 2016, Dubai, UAE - PRNewsWire - HotForex won the Best Forex Broker Middle East Award 2016 at the 17th MENA FFXPO Dubai. HotForex was chosen by the 17th MENA FFXPO Dubai, one of the leading financial exhibitions in . . .


Tickmill Expands its Global Footprint as FCA UK Licensed Regulated Broker

9 Nov 2016, London, UK - Tickmill - Tickmill is proud to announce that their UK entity, Tmill UK Limited, is now licensed and regulated by the Financial Conduct Authority (FCA), under registration number 717270.


HotForex Crowned Best New Forex Broker in South Africa

4 Oct 2016, Port Louis, Mauritius - PRNewsWire - Global Banking & Finance Review honored HotForex eith the Best New Forex Broker South Africa 2016 Award. Online forex and commodities broker, HotForex added one more trophy . . .


Pepperstone Receives FCA License, Set to Expand in the UK

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FXTM to Hike Leverage to 1,000:1 for all ECN Accounts Beginning in September 2016

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Alpari Reapplies for Russian Forex License

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21 Jun 2016, Johannesburg, South Africa - PRNewsWire - The HotForex brand has now been officially licensed by the Financial Services Board (FSB) of South Africa, Solidifying its commitment to offering clients the highest . . .


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3 Jun 2016, Moscow, Russia - SMN Weekly - Russia's financial megaregulator, the Bank of Russia has denied forex broker license to the two largest forex brokers in terms of trading volume in 2015 in the country Alpari and ForexClub.


HotForex Wins the 'Best Broker for News and Analysis' Award

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Tickmill Wins Two Prestigious Awards at the 2016 China Forex Expo

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