Which broker is best in India for forex trading?

Which broker is best in India for forex trading?

Best Forex Brokers India

  • IG – Best overall broker 2021, most trusted.
  • Saxo Bank – Best for research, trusted global brand.
  • Interactive Brokers – Great for professionals and institutions.
  • – Great all-round offering.
  • AvaTrade – Multiple trading platform options.
  • Admiral Markets – 4.0 Stars.
  • – 4.5 Stars.

What broker do professional traders use in India?

Upstox is the fastest growing discount broker in India. Upstox is the best choice for high volume traders looking for high margins (up to 15X), low brokerages, and decent trading platforms. You only pay brokerage of Rs. 20 to do an intraday, F&O, currencies, and commodities trading irrespective of the trade volume.

Are there any other pairs available for Forex trading in India?

Other pairs are currently not available. When it comes to online forex brokers and the Indian forex market, it is however illegal for Indian forex traders to use any online forex trading platform that is not regulated by SEBI.

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Is SEBI regulated Forex brokers in India?

SEBI is also responsible for issuing licenses to forex brokers. Forex trading within Indian exchanges is getting quite popular in India, as it is creating opportunities to make money quickly. Further, SEBI regulated forex brokers in India are trusted by many to deal in currency markets and currency futures.

Which is the most trusted forex broker in India?

CashOverflow’s financial product reviews are most trusted in India. CashOverflow has won IB Award for the best blog in personal finance category. SEBI registration is optional for Forex Brokers but most trusted brokers are registered with Security Exchange Board of India.

What is foreign forex brokers?

Foreign forex brokers allow Indian residents to open an account and trade in different currencies, stocks, indexes, commodities and even in top cryptocurrencies. Forex is the largest financial market with high liquidity and low margin requirements.