OCOctaFX OctaFX Review
5.0(1 review)
50% Forex Deposit Bonus
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Best Forex Brokers in India: Compare Top Brokers for India Traders
Compare the best forex brokers for traders in India. Each broker below is checked for regulation, promotions, headquarters and user rating, so you can choose a trusted broker that accepts clients from India and open an account in minutes.
★ Top picks
Top Forex Brokers in India
The highest-ranked brokers for India traders this month.
OCOctaFX 
DIDB Investing DB Investing Review
5.0(2 reviews)
$35 No Deposit Bonus
SFSamtrade FX Samtrade FX Review
5.0(1 review)
30% Credit Bonus
TRTradeQuo TradeQuo Review
5.0(1 review)
TradeQuo Social Trading
Broker comparison
Best Forex Brokers India Compared
| Broker | Promotion | Regulation | Headquarters | User Reviews | Official Site |
|---|---|---|---|---|---|
| OCOctaFXOctaFX |
50% Forex Deposit Bonus | For OctaFX.com we have only SVGFSA license no. 19776 IBC 2011 | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines | (5.0/5) | Open AccountView Profile |
| DIDB InvestingDB Investing |
$35 No Deposit Bonus | Regulated company by FSA in Seychelles with license SD053. | Office 1605, International Business Tower, Al Amal Street, Business Bay, Dubai, UAE | (5.0/5) | Open AccountView Profile |
| SFSamtrade FXSamtrade FX |
30% Credit Bonus | FSA & FINTRAC | Saint Vincent and the Grenadines | (5.0/5) | Open AccountView Profile |
| TRTradeQuoTradeQuo |
TradeQuo Social Trading | Seychelles Financial Services Authority (FSA) | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines | (5.0/5) | Open AccountView Profile |
 ATATFXATFX |
50% Forex Deposit Bonus | Regulated by FCA (UK), license number 760555 ; CySEC, license number 285/15 ; FSC, licens… | 1st Floor, 32 Cornhill, London EC3V 3SG. United Kingdom | (5.0/5) | Open AccountView Profile |
 INInstaForexInstaForex |
$500 to $5000 Free Bonus | Registered with FCA (UK), Reference number 728735 | 1019-1022, Novy Arbat str. 21, Moscow, 119019, Russia | (3.0/5) | Open AccountView Profile |
No broker matches that search. Clear the search box or choose "All broker types".
Forex Regulation in India
In India forex trading is supervised by SEBI and the Reserve Bank of India (RBI). Indian residents can legally trade currency pairs that include the INR on recognised Indian exchanges. The RBI has warned against unauthorised online forex platforms, so check the rules before you trade.
Whichever broker you choose, check the licence number on the regulator's website and make sure your account is opened with the licensed entity.
How We Review Forex Brokers
Every broker on FXNewBonus is checked against the same list, so you can compare brokers on equal terms. We open demo and live accounts, test deposits and withdrawals, read the bonus terms line by line and collect ratings from real traders.
Regulation and safety
Licence, segregated client funds, negative balance protection and company history.
Trading costs
Average EUR/USD spread, commission per lot, swap rates and inactivity fees.
Trading platforms
MetaTrader 4, MetaTrader 5, cTrader, web trader and mobile apps, plus execution speed.
Bonus and promotions
No deposit bonus, deposit bonus, rebates and the real trading volume needed to withdraw.
Deposit and withdrawal
Minimum deposit, payment methods, processing time and withdrawal fees.
Support and user reviews
Live chat response time, support languages and verified ratings from our readers.
Forex Broker Types Explained
The broker type tells you how your orders are executed and how the broker earns money.
| Broker type | How it works | Best for |
|---|---|---|
| ECN/STP | Orders go straight to banks and liquidity providers. Raw spreads plus a small commission. | Scalpers, EA and high-volume traders |
| ECN/STD | Offers both ECN accounts and standard accounts with commission-free, slightly wider spreads. | Beginners who may upgrade later |
| Market Maker | The broker quotes its own prices and takes the other side of your trade. Often fixed spreads. | Small accounts that want predictable costs |
| CFDs | Contracts for difference on forex, indices, metals, crypto and shares from one account. | Multi-asset traders |
How to Open an Account With a Forex Broker
- Compare brokers in the table above and shortlist two or three that match your platform and budget.
- Read the full review using "View Profile" to check regulation, fees and bonus rules.
- Open a demo account to test execution, spreads and the mobile app.
- Verify your identity with a passport or ID and a proof of address.
- Fund your account or claim a no deposit bonus, then start with a small position size.
Best Forex Brokers India: Frequently Asked Questions
Is forex trading legal in India?
Forex trading is supervised by SEBI and the Reserve Bank of India (RBI). Use a broker that is allowed to accept clients from India.
How do I choose a forex broker in India?
Check regulation first, then compare spreads, platforms, deposit methods, bonuses and user reviews.
What is the minimum deposit for India traders?
It depends on the broker. Many accept accounts from $10 to $250; check the broker profile for the latest terms.
Can I get a forex bonus in India?
Some brokers offer bonuses to India clients, but strict regulators often ban them. See our forex no deposit bonus page for current offers.