Let’s check out the best forex broke in India if you want to exchange currency.
FXPRIMUS (www.fxprimus.com):
This broker was founded in 2009 and has grown to become one of the biggest players in the Indian Forex industry. It offers an easy-to-use platform that is suitable for both experienced traders and beginners alike. Fees are low, and there are no minimum deposit requirements or withdrawal limits. The company is regulated by the Securities and Exchange Board of India (SEBI), meaning it meets all of its strict regulations for storing client funds securely. Trading conditions are also fair and transparent, with no hidden fees or commissions. There are a variety of Forex Brokers operating in India but the 2 major groups are NRI registered and Non-NRI registered Forex Brokers. The Forex industry grew by leaps and bounds during the last few years with a number of players entering this sector to capture the trading pie. Below is a list of Top 10 Forex Brokers in India:
2) FOREX CAPITAL (www.forexcapitalindia.com):
This broker was founded in 2010 as a subsidiary of Capital Markets Ltd., one of India’s oldest investment banks with over 30 years of experience in finance and banking. The website is easy to navigate and provides an excellent range of educational resources including videos, tutorials, blog posts, and webinars hosted by experts in finance
3) Etoro
Etoro was founded in 2007 by Yoni Assia who is also the CEO of the company. Etoro is one of the largest social trading networks in the world with over 10 million registered users from all around the globe. It offers forex trading, CFD trading, and other financial services such as investments, options, and futures. The company uses SpotOption for its binary options trading platform which has been around since 2008 and is licensed by CySEC
4) FXTM
FXTM was founded in 2009 by Sergey Sevastyanov who is also the CEO of the company. FXTM is one of the largest forex brokers worldwide with over 2 million registered clients from all around the globe who trade on their MetaTrader 4 (MT4) or WebTrader platforms. FXTM is an award-winning international forex broker regulated by Cyprus Securities Exchange Commission (CySEC) with offices in London and Limassol (Cyprus). The company offers customers a variety of products such as currencies, commodities, indices, and stocks through its online trading platform. FXTM has won several awards including Best Forex Broker 2015 at eToro
5) SpotOption
SpotOption is an online trading platform that offers various types of contracts for trading purposes. You can trade with this broker on currencies, stocks, commodities, and indices. The minimum investment amount is $25 per trade and you can use PayPal to fund your account with this broker who offers better rates than other brokers in India.
6) eToro
eToro is another leading broker that offers CFD trading on currencies as well as stocks and commodities like gold, silver, and oil through its mobile app or website interface. You can also trade with this broker through Facebook Messenger which makes it easy for you to monitor your trades wherever you go!
7) UnoForex.com
UnoForex.com is a large online forex broker with a global presence. The company was founded in 1999 and it has over 1,500 employees worldwide. UnoForex offers forex trading, CFD trading, and other financial services such as investments, options, and futures. It uses SpotOption for its binary options trading platform, which has been around since 2008 and is licensed by CySEC
8) SBOptions
SBOptions was launched in 2009 by some of the most experienced traders in the industry. It is an online platform that provides a variety of trading opportunities to its users. Their goal is to provide users with innovative products and services so they can trade with confidence on their website.
9) NSE MF Services
NSE MF Services Limited (formerly known as National Securities Depository Limited) is an Indian financial services company headquartered in Mumbai, Maharashtra.[1] It was established by the National Stock Exchange of India Ltd (NSE), which was founded by Ravi Narain and Chitra Ramakrishnan in 1992.[2][3] The company’s business includes depository operations (including securities custody services), clearing services, settlement services, depository technology solutions, trade repository services, and other value-added services.
10) InstaForex
InstaForex is one of the most popular forex brokers in India and was established in 2006. They are also a member of the Financial Commission (FC), which means they are regulated by SEBI. They offer competitive spreads (the difference between buying and selling prices) on major currency pairs, as well as other instruments such as CFDs and commodities.
India’s currency, the rupee, is among the strongest in Asia. The Reserve Bank of India (RBI) manages it, and the RBI monitors exchange rates and trade balance to maintain a viable economy. A strong currency is good for exports, which bolsters foreign trade and further strengthens the country’s currency. In the long run, stable economic conditions help ensure that both investors are willing to lend funds and consumers are interested in making major purchases. If you want to get access to the best forex broker for India then you need to go through the comparison table that is provided above. You will be able to understand various features and factors including the provision of demo accounts, spreads, etc. There are many other top forex brokers in India but we have picked the top 10 based on various factors.
