You can use Autochartist for automated technical analysis, to save you spending several hours looking for a pattern, it does it automatically for you. You can set an alert when your required conditions are matched. You can also do an in-depth market analysis to place your order at the right time thanks to the 51 charting indicators with 31 drawing tools. Tickmill also covers the important forex news headlines direct from Investing. com to keep you aware of important events happening around the world that can affect your trade.

shares, and more than U. You can enjoy fixed spreads at 0. But if you want to roll over the open position, the spreads are increased briefly during its rollover period each day to 1. Trade Nation provides a simple and easy-to-use trading platform with charting powered by ChartIQ, which offers over 90 indicators and 35 drawing tools.

We found Trade Nation smartphone app has more features as compared to the web platform. For example, you get a Smart News feature in the mobile app that helpfully curates important tweets like Elon Musk tweets. Pepperstone is another trustable forex broker with ultra-low spreads starting from 0. You can trade in instruments including forex 60 pairs , commodities, indices, and crypto CFDs. You can choose from 2 account options — Razor and Standard. Razor account offers low spreads starting from 0.

Still making it a cheaper option if you are much into Scalping or Algo-trading. MT5 and cTrader are for professional traders who require a more in-depth analysis of trend movements. The platforms are a little complex to use but provide a plethora of features like 21 time-frames, inbuilt advanced reports, and faster execution.

Also read — Best free checking accounts. If you are looking for the most trusted forex broker, then go with IG Broker because IG is a publicly listed company and a part of IG Bank that reduces the chances of fraud. But the commission is slightly high. If you want a trusted forex broker registered with SEBI as well, then Interactive Brokers is an ideal choice because IB is also a publicly-traded company on Nasdaq and you get premium services at a low cost.

If you are looking for a cheap and best forex broker, go with a Tickmill Pro account in which you get low spreads starting at 0. Edward is the founder of MoneyChoice and has more than 10 years of experience in investment.

Above all, he is passionate about sharing knowledge about money management and helping millions on their journey to a better financial future. Save my name, email, and website in this browser for the next time I comment. Stockbroker Banking Investment Money Management Trading Credit Card. The curated list of best forex brokers are further divided into 3 categories — Overall best forex broker in India Best SEBI registered forex broker in India Best forex broker with lowest spreads Disclaimer — This article is for information purposes only.

Best Forex Broker in India 1. IG Group. Leave a Comment Cancel reply Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Related Posts Trading. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.

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Online traders can rest assured that their money is safe thanks to segregated bank accounts. Tight currency spreads, state of the art trading platforms and bonuses is what you can expect when you sign up with Pepperstone. Visit Pepperstone. Most Indian forex traders use foreign forex brokers who accept traders residing in India. So in case you also want to trade some of the most liquid and popular global currency pairs, you need to look for a foreign forex brokers that is accepting traders who reside in India.

Another advantage of course is that you get the lowest spreads, due to very high competition between forex brokers. If you decide to go this route, we strongly advise you to choose from forex brokers that are regulated either by the british FCA, or Cyprus CYSEC or even Australian ASIC. We kindly ask you to review the forex brokers comparison that can be found at the top of this page. We handpicked the best forex brokers based on the trading data collected and our experience as traders.

Forex brokers in India are authorized and regulated by the Securities and Exchange Board of India SEBI. SEBI-licensed Forex brokers India are safe to trade with since the Indian regulator is well-respected. However, traders should keep in mind that being licensed by SEBI is recommended but is not mandatory. SEBI has not maximum leverage cap for brokers, with some brokers offering up to leverage of Forex trades. The downside is that there is no deposit compensation scheme if a broker goes bankrupt.

Read our article about no deposit bonus forex India. We tested and reviewed 5 forex brokers serving Indian Forex traders by opening live accounts, depositing real money, and placing real trades to identify the best forex brokers. We wanted to accurately assess the actual spreads, commissions, trading platforms, deposit and withdrawal conditions, trader education, and customer service provided by each broker.

We picked XM Group as the overall best forex broker in India. XM offers a comprehensive trading package with the added benefit of being pretty accessible due to its low minimum deposit requirement. The account opening process is smooth, and the broker offers multiple deposit and withdrawal methods naming the process smooth. XM Spreads are competitive at 1.

Additionally, the broker provides great education and trading tools, including video tutorials, webinars, Autochartist and more. The best Forex broker for beginners is IG due to its in-depth educational materials offered to Forex traders in India in multiple formats.

New traders can learn about the markets and trading via educational videos , articles, live webinars, and market analyses. IG also offers a demo account that traders can test their strategies before deciding to open a live account and risk their hard-earned cash.

The best MT4 broker in India is FP Markets, an MT4 broker that offers the popular MetaTrader 4 platform and does not have a proprietary trading platform. The broker provides both the web version of the MetaTrader 4 and the desktop and mobile applications, which are easily accessible to traders.

Traders usually have many questions related to trading queries. We tried to pick and answer some of the most important queries related to Forex Brokers India. It offers trading services on two popular MetaTrader platforms, which are easily accessible for traders.

IG is the lowest spread forex broker available among Forex Brokers India, but traders should watch out for variations in the spreads, especially during periods of heightened market volatility. Many Indian forex traders wonder whether their trading profits are subject to taxation. Actually, Forex trading is taxable in India. It is normally regarded as a common income generated from the business. Moreover, if for any reason Indian forex traders try to avoid taxes, this will result in dire consequences — from fines and penalties to imprisonment.

Thus, traders should be responsible for filing their tax forms to the relevant institution and try to be legal in their activities. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. Everything you find on BrokerTested is based on reliable data and unbiased information.

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Written by Steven Hatzakis Edited by John Bringans Fact-checked by Joey Shadeck. The ForexBrokers. com annual forex broker review six years running is the most cited in the industry. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test. Trading forex is increasingly popular in India, but is also somewhat unique and fairly heavily regulated.

As a general rule, it's best to use a broker regulated in your country. However, due to restrictions on locally regulated financial institutions in India, the only way for local citizens to speculate in the forex market is to use a foreign broker — such as those on our list — that accepts clients who reside in India. The Securities and Exchange Board of India , or SEBI, is the financial regulatory body in India.

The SEBI was established in as a nonstatutory body and given powers with the SEBI Act Read more about SEBI history on its Wikipedia page. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

To find the best forex brokers in India, we created a list of all brokers that accept new customers from India and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers. This exacting analysis of more than variables includes our proprietary Trust Score more on Trust Score below.

Compare India authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.

com Overall ranking. In addition to our top picks above, we've reviewed and rated several more brokers who accept residents of India as clients, included below. Choosing a regulated broker is important for avoiding scams, and the country where your broker is regulated is equally important. Our Trust Score, a proprietary algorithm, ranks regulatory agencies into three groups, with Tier 1 indicating the most trusted financial centers and Tier 3 the least.

Our data collection on each broker results in a ranking from 1 to 99 of the broker's overall trust. The higher a broker's Trust Score, the better. Learn more about Trust Score here. To identify if a forex broker is authorised by the SEBI, the first step is to identify the registration number from the disclosure text at the bottom of the broker's homepage. For example, here's the key disclosure text from Interactive Broker's website,.

SEBI Registration No. INZ; NSDL: IN-DP-NSDL Next, look up the FSP number on the financial register available on the SEBI's website to validate that the broker is currently authorized in India. Our top pick for Indian citizens is IG if you are looking for a broker that accepts residents of India and offers forex and CFDs. If you specifically want a broker that is also regulated in India, Interactive Brokers is a top contender, as it is a member of the National Stock Exchange, Bombay Stock Exchange and the Securities Exchange Board of India, or SEBI.

However, due to regulatory restrictions, Interactive Brokers does not offer forex or CFDs in India. If your interests lie in stock trading, it remains an excellent choice due to its access to local stock exchanges in India and 90 international markets, including bonds, stocks and ETFs including some forex-related exchange-traded products. Forex, short for foreign exchange, refers to the trading or exchanging that takes place in international currency markets, in which one currency is bought or sold in return for another foreign currency.

The goal for forex traders -- and it's a tricky one -- is to profit by accurately predicting fluctuations in value. Commonly traded forex pairs include the euro and U.

There are various types of participants in the forex markets: retail and institutional traders, large corporations, banks, and central banks that help regulate monetary policy, such as when printing money that enters circulation. There are at least two sides to every forex trade. On one side is a buyer, and on the other side a seller. Forex market participants either have a need for the particular currency, such as for business use or hedging risk; or are speculators taking an investment position expecting the price to move in a favorable direction.

For example, let's say you have U. dollars and expect their value to go down and want to sell them in order to buy euros for an upcoming trip to Europe. Or maybe you expect the euro price to go higher relative to the U. dollar and are looking at it as an investment. Either way, you pay for the euros with your U. dollars and agree to exchange the dollars you have for the euros at a specific price the price can be quoted either in euros per dollar, or dollars per euro.

Such a trade can result either in a profit, loss, or break-even, depending on the price when you exit the trade and any fees incurred. Forex trading is mostly decentralized, though it does take place on regulated exchanges.

In most developed countries forex brokers must hold proper licenses with financial market regulators, to help ensure compliance with local laws and regulations. Like most sorts of investing, forex carries risk. Primary among risks specific to forex trading are market risk investment risk and counterparty risk if your broker goes bankrupt.

Pro tip: When you ask yourself "is forex trading safe for me? That means not only the broker's integrity and reliability, but its financial capability and level of capitalization or financial buffer to protect the broker and the money they hold on your behalf in the extraordinary event of a market anomaly. Was this helpful? Yes or No. For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research.

Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.

Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U. as a Commodity Trading Advisor CTA. John Bringans is the Senior Editor of ForexBrokers. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money. Home Forex Guides Directory. Published January 10, Last modified August 17, Submit Details. Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers. John Bringans John Bringans is the Senior Editor of ForexBrokers. Joey Shadeck Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.

star star star star star. Visit Site. Saxo Bank. Interactive Brokers. Admiral Markets. IC Markets. XM Group. FP Markets. HYCM Henyep. Moneta Markets. Trade Nation. BlackBull Markets. ACY Securities. VT Markets.

MetaTrader4, Metatrader 5. Bombay Stock Exchange. Forex No Deposit Bonuses. You can trade stocks, indices, commodities, ETFs, crypto assets, and currencies with the leverage of up to times. It also provides quality research and daily video market coverage series and acts as an agency broker.

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