If you are from India and are looking for a trusted Forex broker online, the following list offers excellent options regulated by reputable financial authorities outside India.
While these brokers do not have a physical presence in India, they support Indian customers who deposit through payment services and wallets. The best customer support for Forex brokers from India depends mostly on your unique situation and specific needs as a trader.
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Here Is a List of the top 7 Best Forex Brokers For Indian
He will come out as a US forex.com 1 currency broker based on active clients. Regulated by the US National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), FOREX.com is also registered and overseen by regulators in the United Kingdom, Australia, Japan, Canada, Hong Kong, Singapore, and the United States.
FOREX.com- the accounts at least $250 of the deposit it should have. The broker allows you to trade lots of macros if you want to start with smaller numbers. FOREX.com also offers an Islamic account option and keeps clients’ accounts separate from their funds. FOREX.com offers MetaQuotes and NinjaTrader MetaTrader 4 and 5 platforms.
Commercial platforms can be downloaded from the web or downloaded to a desktop or mobile app. FOREX.com provides its clients access to the desktops of the company’s business platform and advanced web trading platform through a web browser you prefer to negotiate.
Due to restrictions in the United States, FOREX.com will get a maximum leverage ratio of 50: 1. For more information, visit the official broker’s FOREX.com website.
The eToro social trading platform for over 11 years is offering more retail and Forex products to retail customers. EToro creates a business community for consumers.
Editor’s most popular currency trading features include CopyTrader, CopyPortfolios, and New Social.
CopyTrader and CopyPortfolio offer you the opportunity to find a successful trader and copy your strategy. You can copy 100 merchants, and the feature is easy to set up and access.
You’ll also get a similar feed on Twitter for retailers’ updates with their social news. Traders discuss all markets, strategies and can receive alerts based on specific market factors.
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OctaFX regularly conducts local and global promotional campaigns with prizes for cash and valuable products and business benefits.
OctaFX’s Trade-and-Win loyalty program allows you to get gifts only by marketing T-shirts, hats, sports bikes, and other prizes.
The critical value of OctaFX is transparency. The multilingual customer service team is always prompt and prompt, and most popular systems process payments promptly.
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Libertex offers fast, reliable platforms. Libertex provides an engaging and captivating trading experience and contributes to India forex traders. In addition to currency, you can also trade stocks, indices, commodities, gold, oil, and gas.
You can use the Libertex multiplier feature, which is set when you open a trade. The multiplier is the value that determines how the work changes the underlying asset price.
Practice with one demo account and get more information.
It is a registered trademark of IForex Formula Investment House Ltd. and is authorized and supervised by the BVI Financial Services Commission (British Virgin Islands).
The platform offers CFD trading in ETFs of cryptocurrencies, cryptocurrencies, indices, stocks, commodities, and assets.
IForex trading platforms are mobile and web trading platforms with over 900 trading tools and real-time charts. Merchants take advantage of a one-click agreement.
The merchant account can be funded through VISA, Master, Money, Neteller, Token, Skrill, and bank transfers.
forex has a wealth of exclusive teaching materials, books, and 1 to 1 training with a business teacher. Customer service is available in more than 16 languages.
Get leverage up to 1: 400 depending on the security of the assets and the negative balance.
What do I like?
- Running a business with a single click
- Education and support in more than 16 languages
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AvaTrade is regulated by the European Central Bank of Ireland, ASIC (Australia), the Financial Services Agency (Japan), the BVI Financial Services Commission (British Virgin Islands), the Abu Dhabi FRSA, and the South African Financial Conduct Authority (South Africa).
You can use trading platforms for computers, websites, tablets, and mobiles
- AvaTradeGO (private commercial application)
- MetaTrader 4
- MetaTrader 5
More than 1250 instruments are available on the stock exchange, raw materials, indices, ETFs, and CFDs of commercial assets in AvaTrade.
AvaTrade offers online trading, information, and educational material in 14 languages.
An account with a minimum AvaTrade edge deposit can be opened by paying $ 100 in any of these four currencies (USD, Euro, British Pound, and AUD).
However, there are GBP 100 for British traders and AUD 100 for Australian traders only.
Payments to the account can be made by credit card and bank transfer. AvaTrade also receives electronic payments from Skrill, Webmoney, and Neteller. However, electronic payment transactions are not available to Australian and EU merchants.
AvaTrade offers leverage of up to 1: 400 protected by a negative balance so that your account never falls below zero.
What do I like?
- Local language trading websites
- Protect your negative balance
- I like what you do
- Leverage 1: 400
FBS has commissioned traders from 190 countries with more than 16 million active traders. The activities of the FBS are regulated by the Belgian IFSC (International Financial Services Commission).
You have trading access to MetaTrader 4 and MetaTrader 5 platforms that are compatible with Android, iOS, Windows, Mac OS, and WebTrader desktop applications.
Apart from that, you can use the proprietary FBS Merchant app. The app supports real-time statistics and charts that will help you trade more than 50 currency pairs and metals. You can also trade currencies, metals, CFDs, numbers, and exotic currencies.
FBS offers leverage between 1:50 and 1: 3000 with the protection of a negative balance.
What do I like?
- Take advantage until 1: 3000
- Proprietary FBS-based platform
SECURE THE RIGHT FOREX BROKER
Currency trading can be risky anywhere, but this is especially true in India if you are not aware of the country’s legal restrictions on foreign exchange transactions. If you live in India and want to exchange the India rupee for USD, GBP, JPY, or EUR, you can legally trade between the three markets regulated by SEBI acting as forex brokers.
It is against the law to use an account with a bank or other financial institution in India to finance a trading account and foreign exchange transactions that do not include INR transactions. If you want to exchange currency pairs that are not yet INR, you must deposit to a foreign broker by transferring money from an electronic payment service such as PayPal or Neteller.
A real example of currency trading
Suppose that the Euro/dollar trades at 1, 4250 EUR / USD. The exchange rate is always expressed in 4 decimal places. The last decimal is called a pip.
They buy 100 lots (1 lot) for 100,000 euros (long order), worth $142,500. However, you do not need to pay the full value in dollars, but a margin of 1% (= $1,425.00). These give you 100%: Impact (1 100) on your investment. However, it must be remembered that the lever is effective even if prices develop negatively. If the EUR / USD pair rises to $1, 4500, you earn $250 pip of $100,000, which earns from $2,500 (0.0250 x 100,000).
Contrary to your expectations, the 1 dollar, $40 if you walk away, the 250 pip (= $2,500) loss you will suffer. On the other hand, if you think the euro will be depreciated against the dollar in the future, you have to cut it short and sell it in euros. With every hose you lose the euro against the dollar, you reap benefits!
The article is not an offer to buy or sell any currency on any of the Exchanges listed. its subsidiaries, partners, and the author take no responsibility for any losses or damages.