7 Best Forex Brokers in India for 2026

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.

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. 

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.

If you’re a trader in India seeking a broker with low spreads, then VT Markets is a broker to look at. Founded in 2015, I found that VT Markets offers very low spreads on indices, cryptos, and share CFDs, with industry-average spreads on forex pairs and commodities. There are over 1,000+ CFD instruments to trade on from 5 trading platforms, with no deposit or inactivity fees.

Regional Features:

• Indian payment solutions: Bank wire, Neteller, AirTM
• Localized version of the website in Hindi

During our live fee test on the VT Markets’ commission-free Standard STP Account, I found the spreads most competitive on stock indices. The Germany 40 averaged 0.6 points, much better than the 2.4 points industry average. Both share and crypto CFDs were also much better than the industry average as well. The spreads on forex pairs and commodities were just in line with the industry average, while the cost for holding a trade overnight (the swap fee) was also average.

Even lower spreads are available on the broker’s Raw ECN account, which offers spreads from 0.0 pips and a low commission of $6 per round turn, which is in line with the industry average. To benefit from low spreads, your broker needs to offer strong order execution, which I found VT Markets offers with its hybrid STP/ECN model, providing fast execution speeds.

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.

Founded in 2012, JustMarkets is the best broker for traders in India seeking the highest leverage available. I found that the broker offers up to 1:3000 leverage on currency pairs and metals, along with over 260 tradable instruments across the MT4 and MT5 platforms and a proprietary trading app.

Regional Features:

• Indian payment solutions: Bank wire, International bank transfer, credit/debit cards, others.
• Localized website in Hindi

The ability to trade with up to 1:3000 leverage on forex pairs and metals is among the highest levels of leverage I have seen a broker offer in my nearly 20 years of trading experience. I also found up to 1:500 leverage on indices, 1:200 on energies and 1:20 on share CFDs. I was impressed by the fact JustMarkets also offers a negative balance protection policy, which is an important safety net when trading with high leverage.

Of the four trading accounts available – Standard, Raw, Pro and Standard Cent, I believe the Pro is the most cost-effective. On this account, spreads start from 0.1 pips, and there is no commission per trade. There is also a swap-free version available, which is great for longer-term swing traders as there are no overnight charges. With access to high-quality market research, extensive educational resources, and multiple account options for high-leverage trading, JustMarkets provides a strong offering.

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.