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🇮🇳 Best Forex Broker in India (2026)

Looking for the best forex broker in India? We compared 10 forex brokers and found 8 that welcome traders from India. Our best forex broker in India is Exness — lowest entry deposit and instant withdrawals.

RegionSouthern Asia
CurrencyIndian Rupee (INR)
RegulatorSecurities and Exchange Board of India (SEBI) & Reserve Bank of India (RBI)
Forex Brokers available10
Local rules in India: The Reserve Bank of India (RBI) allows residents to trade forex in INR-based pairs on SEBI-recognised Indian exchanges and publishes an Alert List of unauthorised platforms. Crypto is legal to hold and trade, with 30% tax on gains plus 1% TDS, and exchanges serving Indians register with FIU-IND — Binance, Bybit and KuCoin are registered.

Top 10 forex brokers in India

BrokerScoreMin depositMax leverageSpreadsRegulationIndia
Exness9.4$10Up to 1:Unlimited (conditions apply)From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)FCA, CySEC, FSCA✓ AvailableVisit Site
IC Markets9.2$200Up to 1:1000From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard)ASIC, CySEC, SCB✓ AvailableVisit Site
HFM9.1$0Up to 1:2000From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission)FCA, CySEC, DFSA✓ AvailableVisit Site
Eightcap9.0$100Up to 1:500From 0.0 pips + $3.50/side (Raw) · from 1.0 pips (Standard, no commission)ASIC, FCA, CySEC✓ AvailableVisit Site
AvaTrade8.9$100Up to 1:400 (1:30 for EU/AU retail)Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commissionCBI, ASIC, CySEC✓ AvailableVisit Site
PU Prime8.7$20Up to 1:1000From 0.0 pips (Prime/ECN) · from 1.3 pips (Standard, no commission)FSCA, CMA, FSA✓ AvailableVisit Site
RoboForex8.6$10Up to 1:2000From 0.0 pips + $4 round-turn (ECN) · from 1.3 pips (Pro, no commission)FSC Belize✓ AvailableVisit Site
InstaForex8.4$1Up to 1:1000From 0 pips (Eurica accounts, commission) · Standard accounts with no commissionFSC✓ AvailableVisit Site
Vantage9.3$50Up to 1:1000From 0.0 pips + $6 round-turn (Raw ECN) · from 1.0 pips (Standard STP)ASIC, FCA, FSCACheck at sign-upVisit Site · Asia
Octa8.8$25Up to 1:1000From 0.6 pips, no commission on all accountsCySEC, FSCA, FSCCheck at sign-upVisit Site
★ Top pick
#1

Exness

Lowest entry deposit and instant withdrawals

9.4/10
✓ Accepts traders from India
Min deposit
$10
Max leverage
Up to 1:Unlimited (conditions apply)
Spreads
From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)
Platforms
MT4, MT5, Exness Terminal, Exness Trade app
Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇿🇦 FSCA🇰🇪 CMA🇸🇨 FSA🇲🇺 FSC
  • $10 minimum deposit on Standard accounts
  • Instant automatic withdrawals on most methods
  • 9 licences incl. FCA and CySEC
Visit Site Review
#2

IC Markets

Raw spreads for scalpers and algo traders

9.2/10
✓ Accepts traders from India
Min deposit
$200
Max leverage
Up to 1:1000
Spreads
From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard)
Platforms
MT4, MT5, cTrader, TradingView
Regulated / registered:🇦🇺 ASIC🇨🇾 CySEC🇧🇸 SCB🇸🇨 FSA
  • Raw spreads from 0.0 pips with deep liquidity
  • MT4, MT5, cTrader and TradingView
  • Tier-1 regulation from ASIC and CySEC
Visit Site Review
#3

HFM

HotForex — $0 minimum and 7 licences incl. FCA & DFSA

9.1/10
✓ Accepts traders from India
Min deposit
$0
Max leverage
Up to 1:2000
Spreads
From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission)
Platforms
MT4, MT5, HFM app, WebTrader
Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇦🇪 DFSA🇿🇦 FSCA🇰🇪 CMA🇲🇺 FSC
  • $0 minimum deposit on popular accounts
  • 7 licences incl. FCA, CySEC and Dubai DFSA
  • HFCOPY copy-trading platform
Visit Site Review
#4

Eightcap

TradingView broker + funded challenges up to $200K

9.0/10
✓ Accepts traders from India
Min deposit
$100
Max leverage
Up to 1:500
Spreads
From 0.0 pips + $3.50/side (Raw) · from 1.0 pips (Standard, no commission)
Platforms
MT4, MT5, TradingView, TradeLocker (Challenges)
Regulated / registered:🇦🇺 ASIC🇬🇧 FCA🇨🇾 CySEC🇧🇸 SCB🇸🇨 FSA🇲🇺 FSC
  • Eightcap Challenges: funded accounts from $10K to $200K
  • 80% profit split, up to 90% with add-on
  • Native TradingView, MT4 and MT5 trading
Visit Site Review
#5

AvaTrade

Most regulated — 9 licences on 6 continents

8.9/10
✓ Accepts traders from India
Min deposit
$100
Max leverage
Up to 1:400 (1:30 for EU/AU retail)
Spreads
Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commission
Platforms
MT4, MT5, AvaTradeGO, AvaOptions, WebTrader
Regulated / registered:🇮🇪 CBI🇦🇺 ASIC🇨🇾 CySEC🇯🇵 JFSA🇦🇪 FSRA🇮🇱 ISA
  • One of the most regulated brokers in the world
  • No commission on standard trading
  • AvaOptions and AvaTradeGO apps
Visit Site Review
#6

PU Prime

Cent accounts from $20 and frequent promotions

8.7/10
✓ Accepts traders from India
Min deposit
$20
Max leverage
Up to 1:1000
Spreads
From 0.0 pips (Prime/ECN) · from 1.3 pips (Standard, no commission)
Platforms
MT4, MT5, PU Prime App, WebTrader
Regulated / registered:🇿🇦 FSCA🇦🇪 CMA🇸🇨 FSA🇲🇺 FSC
  • $20 Cent account to practise with real money
  • Copy trading and social trading apps
  • Negative balance protection
Visit Site Review
#7

RoboForex

$10 start, 1:2000 leverage and stock trading

8.6/10
✓ Accepts traders from India
Min deposit
$10
Max leverage
Up to 1:2000
Spreads
From 0.0 pips + $4 round-turn (ECN) · from 1.3 pips (Pro, no commission)
Platforms
MT4, MT5, R StocksTrader, RoboForex app
Regulated / registered:🇧🇿 FSC Belize
  • $10 minimum deposit
  • Leverage up to 1:2000
  • 12,000+ stocks and ETFs on R StocksTrader
Visit Site Review
#8

InstaForex

Start with just $1 — ForexCopy included

8.4/10
✓ Accepts traders from India
Min deposit
$1
Max leverage
Up to 1:1000
Spreads
From 0 pips (Eurica accounts, commission) · Standard accounts with no commission
Platforms
MT4, MT5, MultiTerminal, WebTrader, mobile apps
Regulated / registered:🇻🇬 FSC
  • $1 minimum deposit — the lowest anywhere
  • Leverage up to 1:1000
  • ForexCopy copy-trading system
Visit Site Review
★ Top pick
#9

Vantage

Low-cost Raw ECN with copy trading

9.3/10
Confirm India at sign-up
Min deposit
$50
Max leverage
Up to 1:1000
Spreads
From 0.0 pips + $6 round-turn (Raw ECN) · from 1.0 pips (Standard STP)
Platforms
MT4, MT5, TradingView, Vantage app
Regulated / registered:🇦🇺 ASIC🇬🇧 FCA🇿🇦 FSCA🇰🇾 CIMA🇻🇺 VFSC
  • $50 minimum on Raw ECN — cheap access to tight spreads
  • Built-in copy trading in the Vantage app
  • TradingView integration
Visit Site · Asia Visit Site · Worldwide Review
#10

Octa

OctaFX — zero-commission trading from $25

8.8/10
Confirm India at sign-up
Min deposit
$25
Max leverage
Up to 1:1000
Spreads
From 0.6 pips, no commission on all accounts
Platforms
OctaTrader, MT4, MT5
Regulated / registered:🇨🇾 CySEC🇿🇦 FSCA🇲🇺 FSC🇰🇲 MISA
  • No commission and no swap (Islamic-friendly) trading
  • $25 minimum deposit
  • Octa Copytrading built in
Visit Site Review

How to choose the best forex broker in India

  1. Check the licence. In India the main financial regulator is Securities and Exchange Board of India (SEBI) & Reserve Bank of India (RBI). See every broker's licences in our licence table.
  2. Match the minimum deposit to your budget. Start from $1 at InstaForex, $0 at HFM or $10 at Exness.
  3. Deposit in Indian Rupee (INR). Local bank transfers, cards, e-wallets and USDT are widely supported.
  4. Pick your platform. MT4, MT5, cTrader or TradingView.
  5. Plan your risk. Risk 1–2% of your balance per trade and always use a stop loss.

Frequently asked questions

What is the best forex broker in India?
Exness is our best forex broker in India, followed by IC Markets, HFM, Eightcap.
Which forex brokers accept traders from India?
Exness, IC Markets, HFM, Eightcap, AvaTrade, PU Prime, RoboForex, InstaForex, Vantage, Octa accept traders from India.
Which forex broker has the lowest minimum deposit in India?
HFM, with a minimum deposit of $0.
Which regulated forex brokers accept traders from India?
Exness, IC Markets, HFM, Eightcap, AvaTrade hold top-tier licences such as the FCA, ASIC or CySEC.
Is forex trading legal in India?
The Reserve Bank of India (RBI) allows residents to trade forex in INR-based pairs on SEBI-recognised Indian exchanges and publishes an Alert List of unauthorised platforms. Crypto is legal to hold and trade, with 30% tax on gains plus 1% TDS, and exchanges serving Indians register with FIU-IND — Binance, Bybit and KuCoin are registered. This is general information, not legal advice.

Also see: Best crypto exchange in India · Best forex broker worldwide · India trading guide · Free forex signals · Free crypto signals

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