A Perfect Guide: Best Forex Brokers in India

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March 15, 2023

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Best Forex Brokers in India
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In India, the forex trading business has emerged to the next level. As time is going by, the demand for Forex trading in our nation is increasing. The SEBI (Securities and Exchange Board of India) is a regulatory body that keeps an eye on Forex trading activities in the nation. Moreover, because of NRIs trading in foreign currency is also increasing. However, this trading activity is not possible because you require forex trading companies or brokers. Thus, the best forex brokers in India will make this task possible for you.

In this blog, we are going to highlight the best forex broker for India that gives you a higher ROI. Talking about the technical aspect, Forex VPS hosting services by MilesWeb will help you with the same. Streamline your Forex trading and we recommend forex traders deploy our VPS servers for better efficiency in trading.

Without further delay, let’s begin the intro. After reading this writing piece you will be able to figure out the best forex broker in India.

Top Names of Indian Forex Brokers

Your search for the best forex trader in India ends today! Start your trading activities now with the underlying finest names of the forex broker in India.

1. Olymp Trade

With more than 25,000 registered active clients, the fist name top in this table is Olymp Trade. They offer you a user-friendly interface, with customer-friendly support servicers, amazing bonuses and other perks like easy withdrawal for beginners and seasoned traders making it the premium best forex brokers in India.

Related: Forex Trading vs. Regular Trading: Figure Out the Right One for You

This online Forex trader is regulated by IFC (International Financial Commission). Other a wide range of features like bank wire transfer, debit card payment, fixed-time trading and currency derivatives this Forex trading platform provides.

We know you won’t get satisfaction by reading just one option. Other names are highlighted below.

2. OctaFX

OctaFX is one of the leading CFD (Contract For Difference) brokers offering platforms like MT4, MT5 and cTrader. The main motto of providing such platforms is to streamline trading activity. There are multiple support-level offices in different locations worldwide. However, the company is based in Grenadines and St Vincent.

In India, OctaFX has captured a massive market share and thus we included this name 2nd in the list. Additional perks that a user gets are promotional offers for beginners in trading. Zero-cost commission trading following all EU (European Union) regulations. Traders are getting the freedom to trade in 35 foreign currency pairs.

3. iForex

Next, it is about the iForex which is Cyprus located Forex trading platform. Its parent company Formula Investment House Ltd holds the proprietary trading platform. As for their business is concerned, they accept clients from over 100+ nations worldwide and operate in more than 16 languages.

iForex has emphasized UI/UX parameters. Thus, they provide a user-friendly interface, multiple trading assets, copy trading options, Knowledge insights (blogs and articles), excellent customer service, and a safer trading mechanism. These features win the trust of traders. That is why to assist them regularly, iForex has an email support option to acknowledge and answer every trading query.

Trading in ETFs (Exchange Traded Funds), shares buying and selling, and cryptocurrencies like Bitcoin, Ripple and Ethereum are possible with this Forex trading platform.


Henyep Capital Markets Holdings Group owns Henyep Markets (HYCM). It is an international CFD-regulated forex broker spread worldwide. The platform also offers multiple foreign currency trading opportunities. Also, it is regulated by FCA, CySEC, CIMA, and DIFC for providing financial services. Under their parent brand, 4 other distinct brands are also available. Their distinct brands are registered by financial institutions making foreign dealing easier.

For 40 years, the company has existence and running its operation with a good market share. Talking about their features, with HYCM you can trade around 40 forex pairs, have competitive leverage ratios, and trade a variety of assets.

5. XM

XM is a next-gen forex trading platform founded in 2009. They offer rewards for forex trading with unique gifts (gadgets or vehicles). Traders can easily open a trading account within minutes. Beginners can begin trading with a demo account. 

Related: What is Forex Trading and How Does It Work?

The XM group is a parent business that manages a number of brands. Each brand is governed by a separate regulatory body, and it ranks among the best forex providers in the world.

This FX trading platform allows beginners to sign up for a sample account, which will help you practise trading utilising real-world situations while still being simple to use. Moreover, XM group provides the greatest customer service, better platform support, and research tools.

Key Takeaways

Finding out the right Forex trading brokers in India 2023 will be easier for you after reading this blog. Remember that Forex trading is easier and all interfaces in these Forex trading platforms make the trading activity smoother.

MilesWeb introduces Forex VPS hosting services that give freedom to operate MT4 and MT5 trading platforms with ease. With their Forex VPS server’s functions at minimal latency rates and higher trading efficiency.

I am a passionate content writer. I write unique, genuine and high-quality content on web hosting and other topics. Being a keen learner I continue to improve my writing skills.

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