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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)
Top Ten Forex Brokers for Traders in India
Exness (Cy) Ltd. (7.82)
| 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 (8.15)
| 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 (8.01)
| 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 (7.99)
| 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) (7.19)
| 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 (7.22)
| 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 (7.59)
| 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 (6.64)
| 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 (6.05)
| 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 (6.24)
| 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 |