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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

author Written by
Rex John Walsh
author Fact checked by
Sangram Mohanta

Last Updated on June 1, 2024 by TOP FOREX BROKERS REVIEW

Best Forex Brokers Comparison in INDIA 2024

Best Forex Brokers Comparison in INDIAIn India, many people are getting into forex trading. Hence, picking the right forex broker is a big decision because there are strict rules, and it can be a bit tricky for people living in India to do this kind of trading. Even though forex trading is becoming more popular in India, it's not always easy to get started because of these strict rules. Usually, it's suggested to use a broker from your own country, but in India, the rules make it a bit hard, so people might need to look at brokers from other countries that are okay with Indian clients. Therefore, Indians must do the best forex broker comparison in India to find the top foreign broker to work with.

The rules for forex trading in India are made by an organization called the Securities and Exchange Board of India (SEBI). They've been around since 1988, and their job is to watch over the money markets, make sure investors are safe, and keep everything fair. Even though a forex broker might not be in India, they still need to follow the rules set by SEBI.

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Best Forex Brokers 2024 - Forex Brokers Comparison 2024

Find the best Forex Broker & Start trading instantly!

RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING MAX
LEVERAGE

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC, FSP
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FSA, FMA
$0
No Bonus
1:500

Telephone:

image
Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
3
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
4
CySEC, FSCA
$25
50% Deposit Bonus
1:500

Telephone:

image
Pros
  • Ultra-low spreads
  • Quick withdrawals and deposits
  • 24/7 online support
  • Negative balance protection
Cons
  • Mobile copy trading services available only for Android

Platforms & Devices
5
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
6
AFSL
$100
No Bonus
1:500

Telephone:

image
Pros
  • All base currencies
  • 24/7 technical service
  • Direct market access
  • Superior trading conditions
Cons
  • No negative balance protection
Platforms & Devices
7
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
Pros
  • Low forex fees
  • Fast order execution
  • Analytical training materials
  • 90+ instruments
Cons
  • Slow live chat support
  • Non-EU traders don’t get investor protection
Platforms & Devices
8
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
Pros
  • No withdrawal fee
  • Low stock and stock index CFD fees
  • Negative balance protection
  • No inactivity fee
Cons
  • Average forex CFD fees
  • No PAMM accounts
Platforms & Devices

When choosing a forex broker in India, the first thing to check is if they follow the rules (regulatory compliance). A good broker should follow the rules from a known financial authority to make sure they do things right, are clear about how they operate, and act ethically. This is important when dealing with brokers from other countries, as Indian traders need to trust that the broker is legit and follows the rules to keep their money safe.

After checking the rules, the next important thing is to look at what kind of things traders can trade and the different types of money pairs they can use. Having lots of options lets traders do different strategies based on what's happening in the market. Also, it's good to see how easy it is to use the broker's trading platform, which is like the tool they use for trading. A simple and advanced platform helps traders do their trades quickly and get real-time info about the market.

 

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Thinking about costs is also important when looking at forex brokers. This includes checking the broker charges for different things like spreads and commissions. If the costs are clear and fair, it helps traders know how much they are really spending and choose a broker that fits their budget.

So, make sure you do the comparison properly to pick the best broker in India. However, if you are confused, you may pick one from the following list.

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