Forex Brokers in India

Is Forex trading legal in India?

There are ongoing debates about whether Forex trading is legal or not in India. The Reserve Bank of India (RBI) does everything in its power to prohibit Forex trading by individuals. If found trading, individuals will face strict charges for violating the law.

But the truth remains – there are many investors from India who trade Forex & open accounts with foreign brokers. However, you have to remember that the bank will monitor transactions to/from your bank account for any suspicious/unlawful activity related to currency trading.

Are there Forex brokers in India?

We’re not aware of any Forex brokers being domiciled in India. But there is a large list of brokers who have international offices in India.

List of Forex brokers with international offices in India:

Rank
Broker
Special Offer
Min Deposit
Spreads From
Rating
Max Leverage
Regulations
Support
Start Trading
1
No commissions
$50
0.8 PIPs
30:1
CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA Japan, MAS, SFC of Hong Kong
Forex trading involves significant risk of loss and is not suitable for all investors.
1
Spreads From 0.8 PIPs
Max Leverage 30:1
Min Deposit $50
Register now
2
Lifetime demo account
$250
0.1 PIPs
30:1
CFTC
2
Spreads From 0.1 PIPs
Max Leverage 30:1
Min Deposit $250
Register now
3
0.01 minimum lot
$10
1.2 PIPs
500:1
3
Spreads From 1.2 PIPs
Max Leverage 500:1
Min Deposit $10
Register now
4
EUR/USD from 0.5 pips
$200
0.5 PIPs
30:1
FCA, CySEC, ASIC, AMF
4
Spreads From 0.5 PIPs
Max Leverage 30:1
Min Deposit $200
Register now

Do you know another Indian Forex broker?
Please suggest by adding a comment below. Thank you!

Who regulates Foreign exchange in India?

Securities and Exchange Board of India (SEBI) – www.sebi.gov.in
Reserve Bank of India (RBI) – www.rbi.org.in

Related topics:
Brokers offering USD/INR pair
Forex regulatory bodies
How to choose a Forex broker?

Broker discussion area