Best Forex Brokers in India for 2024

Company	Accepts IN Residents	SEBI Regulated	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
Interactive Brokers	check	check		$0	0.63 info

If you are looking for a forex broker regulated in India, Interactive Brokers is a member of the National Stock Exchange, Bombay Stock Exchange and the Securities Exchange Board of India (SEBI). Interactive Brokers is a highly trusted multi-asset broker that delivers competitive fees, high-quality research and education, as well as a modern trading platform suite. It's worth noting that, due to regulatory restrictions, Interactive Brokers does not offer forex or CFDs in India.

If your interests lie in stock trading, Interactive Brokers remains an excellent choice due to its access to local stock exchanges in India and 90 international markets, including bonds, stocks and ETFs (including some forex-related exchange-traded products, such as listed currency derivatives).

• Trust: Founded in 1977, Interactive Brokers is publicly traded (NASDAQ: IBKR), holds a staggering nine Tier-1 regulatory licenses, and regulated by the SEBI for forex trading in India.
• Forex trading platforms: Interactive Brokers' award-winning trading platform suite includes its flagship desktop software – Trader Workstation (TWS) – and mobile trading app – IBKR Mobile – both of which provide access to advanced trading tools and global financial markets (including forex and CFDs) for forex traders in India.

Company	Accepts IN Residents	SEBI Regulated	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
IG	check			£250.00	0.98 info

IG is the best broker for forex trading in India. IG accepts residents of India as clients and outranks the competition in many of our most important review categories. Though technically not regulated by the RBI or SEBI for forex trading in India, IG has obtained the highest Trust Score in our database of over 62 forex brokers. IG's award-winning offering delivers a wide range of currency pairs, tradeable symbols (including forex options), and complex order types for advanced trading strategies. IG also caters extremely well to beginner forex traders and delivers a rich educational experience for investors who are new to forex trading.

• Trust Score: Though not regulated by the RBI or SEBI to trade forex in India, IG is one of the most highly regulated brokers in the world. Founded in 1974, IG is publicly traded (LON: IGG), regulated in a staggering 11 jurisdictions, and holds eight Tier-1 licenses. I consider IG to be a Highly Trusted broker for forex trading.
• Commissions: IG delivers consistent pricing regardless of what you choose to trade. The broker's Forex Direct account features excellent pricing for active traders.
• Forex trading platforms: IG offers a wide range of trading platforms for mobile, web, and desktop. These proprietary platforms are some of the best forex trading platforms in India. IG also offers third-party platforms like MetaTrader and premium MT4 add-ons from FX Blue.

Company	Accepts IN Residents	SEBI Regulated	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
FOREX.com	check			$100	1.4 info

FOREX.com is a trusted broker that delivers an outstanding trading experience for forex and CFD traders worldwide, including those in India. It offers an extensive range of markets and provides a powerful suite of proprietary platforms, alongside limited access to MetaTrader. While not the lowest-cost option for smaller traders, FOREX.com’s comprehensive multi-asset offering appeals to traders of all experience levels.

• Trust Score: FOREX.com is Highly Trusted, with a stellar Trust Score of 99 out of 99. The broker’s parent company, StoneX, is publicly traded (NASDAQ: SNEX) and regulated by seven Tier-1 regulators. While not directly regulated by the RBI or SEBI, its strong global regulatory framework makes it a reliable choice for forex traders in India.
• Commissions: FOREX.com offers competitive pricing, especially for high-volume traders. Its RAW Spread account, with spreads on the EUR/USD as low as 0.13 pips (before commission), is ideal for active traders looking to minimize costs. However, the Standard account can be pricier, with typical spreads averaging 1.4 pips for the EUR/USD in the U.S.
• Forex trading platforms: FOREX.com excels in its platform offerings, featuring its flagship desktop platform Advanced Trading and the browser-based Web Trading platform, the latter of which is powered by TradingView’s charting. It also supports MetaTrader 4 and 5, making it versatile for traders seeking either proprietary or third-party tools.

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

• For Apple, we use MacBook Pro laptops running macOS 14.5, and the iPhone XS running iOS 17.6.
• For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 14.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.