5 Best Forex Brokers in India for 2026
Finding the best forex broker in India to trade with can be challenging. While more international brokers are offering their services to traders in India, they are not all equal in what they offer. It’s important for traders in India to find brokers that accept Indian clients, offer deposits and withdrawals in Indian Rupees (INR) and have local customer support.
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Our team has reviewed over 80 forex and CFD brokers every year since 2011, giving us deep insights into which brokers are the best. Using this knowledge and my 18 years of trading experience, I have identified and listed the top 7 forex brokers in India below and organized them into categories.
List of Top Forex Brokers & Trading Platforms in India
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
Vantage | 4.6 | 4.4 | $50 | 1:1000 (FSCA) 1:1000 (CIMA) · 1:30 (ASIC) · 1:30 (FCA) · 1:2000 (VFSC) · 1:1000 (FSCM) | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
Hantec | 4.5 | 4.2 | $10 | 1:30 (FCA) 1:500 (FSCM) · 1:1000 (VFSC) · 1:30 (ASIC) · 1:100 (HKGX) · 1:1000 (FSA) | MT4, MT5, Hantec Mobile, Hantec Web Trader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
AMarkets | 4.0 | 2.4 | $100 | 1:3000 (MISA) | MT5, MT4, AMarkets App | Your capital is at risk |
How Did I Select the Best Brokers in India?
- I started with the most important condition and ensured that each broker is authorized and regulated to offer forex trading accounts in India.
- To support traders in India, I searched for any special bonuses and promotions, whether the broker allows deposits and withdrawals in Indian Rupees (INR) and whether there is local customer support in Hindi.
- I also examined each broker’s trading platform offering and how competitive their fees are by opening a live trading account, as well as the quality of any extra tools and research available.
Best Overall
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2005, FP Markets is my best overall broker for traders in India for a variety of factors. I found over 850+ CFD instruments available to trade, including the USD/INR, from MT4, MT5, cTrader and TradingView platforms with 24/7 customer support in Hindi.
Regional Features:
- Indian payment solutions: Neteller, Skrill
- Trade USD/INR
- 24/7 customer support in Hindi
I was most impressed with FP Markets’ range of trading accounts available, including its commission-free Standard Account and a commission-based Raw Account. I prefer using the Raw Account because it offers spreads as low as 0.0 pips and an industry-benchmark commission of $6 per round turn. This is great for short-term, active traders who require low spreads and works well with the trading platforms available.
I find the MT4/MT5 is great for automated traders running Expert Advisors, cTrader is designed for short-term active traders, and TradingView is great for sharing ideas in its social trading community. I enjoy using cTrader because it has built-in risk management calculators and advanced trade management tools, such as trailing stop-losses, which are server-side and can run when the platform is closed.
Overall, with access to raw spreads, competitive commissions, a large selection of trading platforms, the USD/INR currency pair to trade on and extra tools like Autochartist signals and market research, FP Market is a top broker for traders to consider.
Pros and Cons
- Multiple INR deposit options
- Raw spread trading accounts
- Multiple trading platforms
- 24/7 customer support
- Only one INR pair to trade on
Best Trading Platform
- $0Min Deposit
- 277Tradable Instruments
- HighFees
Why We Picked It
Founded in 2006, I found FxPro offers the best range of trading platforms for traders in India. This includes the FxPro WebTrader, FxPro Mobile App, MT4, MT5, cTrader and TradingView, catering to a wide variety of different trading styles from short-term to long-term and scalping to automated trading on over 2,100+ tradable instruments.
Regional Features:
- Indian payment solutions: Bank wire, local bank transfer, bank cards
- Localized version of the website in Hindi
Of all the trading platforms available, I was really impressed with the FxPro Mobile App. It has a user-friendly design, which makes it easy to navigate, impressive charting capabilities with over 100 analytical tools and built-in live chat customer support. I found the built-in economic calendar useful for staying up to date on the latest trading news and economic data releases.
The FxPro WebTrader and Mobile App are best suited to beginner traders, as they are easy to navigate and offer a simple way to trade the market. Intermediate traders may consider cTrader to help with trading fast timeframes and to access their copy trading service. The TradingView platform is also easy to use and has a large social trading community where you can view other people’s trading ideas. The MT4/MT5 platforms have a steeper learning curve and are geared towards advanced automated traders, which work well with the fast average execution speed of just 12 milliseconds.
Pros and Cons
- Strong range of trading platforms
- Fast trade execution
- Multiple trading platforms
- Feature-rich trading app
- FxPro WebTrader only available in English
Best for Beginners
- $50Min Deposit
- 1056Tradable Instruments
- LowFees
Why We Picked It
If you’re a beginner trader in India just starting out, then Vantage could be the broker for you. Founded in 2009, I found it offers access to commission-free and demo trading accounts, an easy-to-use Vantage App with built-in copy trading with over 90,000 signal providers and an extensive collection of educational materials.
Regional Features:
- Indian payment solutions: Bank wire, Broker-to-broker, Astropay, Other
- Localized version of the website in Hindi
Vantage’s standout feature is its diverse collection of educational materials, which includes over 350 educational articles in the Vantage Academy, over 600 minutes of courses, and over 200 videos of previous webinars that run live weekly. The content covers concepts well suited for beginners, like essential trading terms, the psychology of trading and technical and fundamental analysis.
After testing the trading platforms, I found the Vantage App is the best for beginners. It is significantly easier to use than traditional apps like MT4 and MT5. The layout is user-friendly, charts are smooth and easy to navigate, and the built-in market analytics are useful for knowing what’s moving in the market. I also found that the best feature is the integrated copy trading service, which lets you view the performance of over 90,000 signal providers and copy their trades to your account at the click of a button.
Pros and Cons
- Comprehensive educational resources
- Beginner-friendly trading app
- Commission-free trading
- Copy trading available
- Customer support can be slow during busy hours
Best Selection of Trading Products
- $10Min Deposit
- 2198Tradable Instruments
- MediumFees
Why We Picked It
If you’re a multi-asset class trader in India seeking a large selection of instruments to trade on, then Hantec could be the broker for you. Founded in 2009, I found over 2,650+ tradable instruments covering forex, commodities, indices, cryptos, and share CFDs with over 30 rare gold crosses not seen with other brokers.
Regional Features:
- Indian payment solutions: Bank wire, International bank transfer, credit/debit cards, others.
During my live test, I found the number of instruments in each asset class far exceeds the industry average. There are over 97 forex pairs, 34 commodities, 21 indices, 62 cryptocurrencies and 1,985 shares. The standout feature is the 30 rare gold crosses not seen with other brokers. For example, you can trade on XAU/BRL (Gold vs. Brazilian Real) and XAU/SGD (Gold vs. Singapore Dollar).
I also found another interesting trading product Hantec provides called InsightPro which offers actionable trading signals across a range of instruments and economic sentiment gauges to help gauge market sentiment. The signals can also be sent to verified accounts via email and Telegram, ensuring you never miss a trade. With the ability to trade from MT4, MT5, Hantec WebTrader, Hantec Mobile and Hantec Social for copy trading, it’s a top broker for traders to consider.
Pros and Cons
- Large selection of tradable instruments
- 30 rare gold crosses
- Multiple trading platforms
- Useful research tools
- Scalping not allowed
Best MT5 Broker
- $100Min Deposit
- 533Tradable Instruments
- HighFees
Why We Picked It
For traders in India seeking the best MT5 platform offering, then AMarkets could be the broker for you. Founded in 2007, AMarkets provides the full suite of functionality from the MT5 trading platform to trade over 500+ CFD instruments, with trading signals and insights from Autochartist and ECN trading accounts.
Regional Features:
- Indian payment solutions: Credit/Debit cards, Cryptocurrencies
- Localized version of the website in Hindi
During my live test, I found the MT5 platform offers 38 technical indicators, 24 drawing tools, 3 chart types and 21 different timeframes, catering to avid technical analysis traders and day trading and swing trading styles. Other useful features I like in the MT5 platform are the one-click trading option, which executes trades instantly, and the ability to drag your stop-loss and take-profit levels directly on the chart. I also found that the broker allows traders to run Expert Advisors on the MT5 platform for automated trading and access MetaTrader Signals for copy trading.
The standout feature is the research tools AMarkets provides. It has built a unique market sentiment indicator tool that tracks the correlation between an instrument’s price action and the number of buyers and sellers active on the instrument. It then overlays the RSI indicator, which can help to identify overbought and oversold conditions in market sentiment. The broker’s proprietary information hub is also useful as it provides trading ideas, market news breakdowns and analysis of key market events.
Pros and Cons
- MT5 desktop, web and mobile
- VPS hosting
- Copy trading available
- High-quality market research tools
- High spreads
All the Brokers We Tested
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About the Authors
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.