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Top Ten 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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New CySEC Regulations Force Exness to Limit 'Unlimited' Leverage to 1:200

27 Jan 2017, Limassol, Cyprus - Finance Magnates - Client protection takes center stage as the unlimited leverage that the brokerage was offering is restricted. The Cyprus Securities and Exchange Commission (CySEC) is taking . . .


HotForex Terminates Bonuses and Reduces Leverage to Meet CySEC Guidelines

26 Jan 2017, Larnaca, Cyprus - Finance Magnates - Some brokers have just re-named the bonus offerings and still able draw clients in with gimmicks and promotions. Two months after CySEC issued a circular informing regulated . . .


Pepperstone Launches MT4 Trade Simulator for Clients with an Account Balance over $500

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Tickmill Introduces New Technical Analysis Tool to Enhance Trading

2 Jan 2017, London, UK - Finance Magnates - The broker has teamed up with Autochartist to provide a faster and smarter trading service to its clients. Online forex and CFD broker Tickmill has teamed up with Autochartist to . . .


E-Global Trade & Finance Group Gets Broker License in Luxembourg

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Alpari Starts Operations in Belarus

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Forex4you gets Licensed by Luxembourg's MF

30 Nov 2016, Luxembourg - SMN Weekly - Offshore forex brokerage Forex4you said on Wednesday it has received a licensed brokerage status with the Ministry of Finance (MF) of Luxembourg. This will allow the broker to operate in . . .


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 activities as . . .


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 the . . .



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HotForex Crowned Best New Forex Broker in South Africa

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


Pepperstone Receives FCA License, Set to Expand in the UK

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Exness Announces FCA License and Launches Plans to Expand in Europe

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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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