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:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Type Regulation Addtional information Minimum deposit Maximum leverage Spreads EUR/USD Swap free
ACM Gold STP, Market Maker FSB Independent broker In industry since: 2004 International offices in: Bangladesh, India, Nigeria, Oman, Pakistan, Tanzania, UAE, UK $250 500 : 1 - Mini account
500 : 1 - Standard account
3 pips - Mini account
3 pips - Standard account
Yes
BCapitalsFX ECN/STP, STP FSA Independent broker In industry since: 2015 International offices in: India, Malaysia, St. Vincent and the Grenadines $10 400 : 1 - Mini account
200 : 1 - Standard account
100 : 1 - ECN account
0.6 pips - Mini account
0.1 pips - Standard account
0.4 pips - ECN account
Yes
Formax Prime Capital ECN/STP, STP FCA Independent broker In industry since: 2014 International offices in: Australia, China, Hong Kong, India, New Zealand, Thailand $1000 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
0.6 pips - Mini account
0.6 pips - Standard account
0.2 pips - ECN account
Yes
Grand Capital ECN/STP, STP Independent broker In industry since: 2006 International offices in: Azerbaijan, Bangladesh, Estonia, Germany, Ghana, India, Indonesia, Kazakhstan, Latvia, Malaysia, Nepal, Netherlands, Nigeria, Pakistan, Poland, Portugal, Russia, South Africa, Ukraine, Uzbekistan $10 500 : 1 - Mini account
2000 : 1 - Standard account
100 : 1 - ECN account
2.1 pips - Mini account
2.1 pips - Standard account
1.4 pips - ECN account
Yes
InstaForex STP Independent broker In industry since: 2007 International offices in: Bangladesh, China, Ghana, Guatemala, Hong Kong, India, Indonesia, Kazakhstan, Malaysia, Moldova, Nigeria, Pakistan, Peru, Russia, Thailand, Tunisia, Ukraine, UAE $1 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes
Interactive Brokers ECN/STP NFA, CFTC, FCA, IIROC, NYSE, FINRA, SIPC Independent broker In industry since: 2004 International offices in: Australia, Canada, China, Hong Kong, India, Japan, Switzerland, UK $3000 50 : 1 - Mini account
50 : 1 - Standard account
50 : 1 - ECN account
No
PhillipCapital ECN/STP ASIC Independent broker In industry since: 1975 International offices in: Singapore, Hong Kong, Thailand, Japan, Indonesia, Malaysia, India, Cambodia, Turkey, UK, United States, France, Sri Lanka, UAE, China $200 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
1 pips - Mini account
1 pips - Standard account
0.6 pips - ECN account
No
PhillipCapital UK STP FCA Independent broker In industry since: 2015 International offices in: Australia, Cambodia, China, France, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, Sri Lanka, Thailand, Turkey, UAE, United States $650 400 : 1 - Mini account
400 : 1 - Standard account
0.8 pips - Mini account
0.6 pips - Standard account
No
Range Markets STP Independent broker. In industry since: 2015 International offices in: Hong Kong, India $100 500 : 1 - Mini account
400 : 1 - Standard account
1.7 pips - Mini account
1.4 pips - Standard account
Yes
Saxo Bank Market Maker FINMA, is a licensed bank Bank, independent dealer In industry since: 1992 International offices in: UAE, Netherlands, Switzerland, Hong Kong, Turkey, South Africa, Cyprus, UK, Italy, Uruguay, Panama, France, Czech Republic, Singapore, Australia, Japan, India $10000 100 : 1 - Mini account
100 : 1 - Standard account
0.2 pips - Mini account
0.2 pips - Standard account
No
SVSFX STP FCA Independent broker In industry since: 2003 International offices in: India $500 400 : 1 - Mini account
400 : 1 - Standard account
2.5 pips - Mini account
1.9 pips - Standard account
No
TeleTrade (UAE) STP, Market Maker CYSEC Independent broker. In industry since: 1994 International offices in: Italy, Canada, Portugal, Georgia, UK, India, Vietnam, Greece, UAE, Brazil, Iran, Turkey, Romania, Poland, Czech Republic, Bulgaria, Mexico, Spain, Croatia, Israel, Latvia, Moldova, Ukraine, Russia, Armenia, Egypt, Lithuania, Portugal $1 100 : 1 - Mini account
100 : 1 - Standard account
3 pips - Mini account
3 pips - Standard account
Yes
XpoFX Market Maker Independent broker In industry since: 2015 International offices in: India $10 400 : 1 - Mini account
400 : 1 - Standard account
0.4 pips - Mini account
0.4 pips - Standard account
Yes

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?

Copyright ©100Forexbrokers.com | All Rights Reserved

Broker discussion area

Add Comment

15 Comments

Anyone has an idea about 70trades.

Please help

i am not having international cards, hence facing problem in deposit of amount to many brokers.
is there any broker accept deposit by national card. with minimum deposit.

s there any brokers available in india for EXNESS ??

Uniglobe Markets has no mentioning of representative offices in India on their website.

Uniglobe Markets https://uniglobemarkets.com/

FXCM and IC Markets have no offices in India.

is there any brokers available in india for FXCM or IC Markets

Most brokers help in depositing and withdrawal in Indian currencies. There are definetly RBI monitoring same. Please feel free to Whatsapp and discuss on 9900111943 on how we can do it without any challenges

in India forex trading inligal but I love forex trading how is best broker in india and office in mumbai

any new Forex brokers in India?

In India, people are only allowed to trade by transferring money in local currency to the broker office in India. Broker office transfers the funds in US dollars to their main broker office abroad. Trader’s Way, Evenforex and CNSinvest are the three brokers that offer this.

Mtrading is division of Admiral Markets in india. Mtrading please start with Debit Card in india

Some forex brokers offer their customers special debit cards, which let traders make fast, easy and secure deposits and withdrawals from their accounts.

Of course, these cards can be used as any regular debit card – they’re good for point-of-sale payments, ATM withdrawals, etc. Account balances for the cards can often be checked online, so that you can easily manage your finances.

Perhaps the biggest benefit of using a broker debit card is the fact that payments are way faster than let’s say bank transfers, and cost a lot less.

Some brokers may charge a small fee for having the debit card issued, however most of them offer them for free if you comply with certain requirements – e.g. make a deposit of a certain amount.

Below is a list of brokers that let you enjoy the goodness of fast and inexpensive deposits and withdrawals through a debit card.

Forex trading is Illegal in India as per the Compliance of R.B.I , but there is an exception for corporate investors, They can simply open up a Offshore bank account in countries such as Bangladesh, Dubai, Hongkong,Burmuda,Seysecelles & can fund their forex trading account witn Ease. Completely legal & does not violate any international laws.

Thank you!
MTrading is a division of Admiral Markets.
Will be added.

M-TRADING
admiral markets