Best Forex Brokers India for 2022

Trading forex is increasingly popular in India, but is also somewhat unique and fairly heavily regulated.

As a general rule, it's best to use a broker regulated in your country. However, due to restrictions on locally regulated financial institutions in India, the only way for local citizens to speculate in the forex market is to use a foreign broker — such as those on our list — that accepts clients who reside in India.

The Securities and Exchange Board of India, or SEBI, is the financial regulatory body in India. The SEBI was established in 1988 as a nonstatutory body and given powers with the SEBI Act 1992.

Best Forex Brokers India

To find the best forex brokers in India, we created a list of all brokers that accept new customers from India and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers. This exacting analysis of more than 100 variables includes our proprietary Trust Score (more on Trust Score below).

Here is our list of the best forex brokers in India.

• IG - Best overall broker, most trusted
• Saxo Bank - Best web-based trading platform
• Interactive Brokers - Great overall, best for professionals
• FOREX.com - Excellent all-round offering
• AvaTrade - Great for beginners and copy trading
• Admiral Markets - Great for MetaTrader
• IC Markets - Best MetaTrader broker overall

India Forex Brokers Comparison

Compare India authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

In addition to our top picks above, we've reviewed and rated several more brokers who accept residents of India as clients, included below.