Forex brokers active in India are subject to the regulations and oversight of the Securities and Exchanges Board of India (SEBI), which is an independent body tasked with ensuring the smooth functioning of the country`s stock markets and brokers. Commodities trading is also regulated by the Forward Markets Commission, which is the regulatory structure for the management of non-exchange traded financial instruments. The Reserve Bank of India is responsible for managing the Indian rupee but is not involved in the oversight of forex broker.

India has changed rapidly since the liberalization of the 1990s. After the relaxation of regulations and opening up of the country to foreign ownership and investment, the economic performance of India has been robust. Nonetheless, retail forex brokerage business is barely existent in the country at the moment, with active brokers operating from inside India as branches or subsidiaries of large international firms still being counted in single digits.

Trading forex can be challenging at times, and choosing among the many firms that cater to forex traders can make the task even harder for the beginner. To make things easier, we have prepared a list of some of the most reliable brokers in the world, with the help of which you can simplify your action plan and quicken the initial learning stages of your trading career. If you are serious about forex, don`t forget to check out our selection of the world’s most reputable and successful forex brokers now!

Broker Bonus Regulator Platforms Next Step
Number One Broker ForexTime Logo Founded: 2011

Switch to FXTM
get $4 back for every lot you trade
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CySEC, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
AvaTrade Logo Founded: 2006

Exclusive 40% Bonus
for ForexTraders Visitors
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ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
eToro Logo Founded: 2007
CySEC, FCA eToro OpenBook, eToro WebTrader, eToro Mobile Trader
esayMarkets logo Founded: 2001

50% deposit bonus up to $2,000*

*(excluding EU Countries)
ASIC, CySEC MT4, Web platform & Easy-forex on mobile
Markets.com logo Founded: 2006

$25 no deposit offer
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CySEC, FSB Markets.com Platform
City Index Logo Founded: 1983
ASIC, FCA, MAS Advantage Web, AT Pro, MT4
HotForex Logo Founded: 2008

100% FTD Bonus

CySEC, FSA MT4
Oanda Logo Founded: 1996
ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA fxTrade, MT4
FXPrimus Logo Founded: 1999
CySEC MT4
FXGlobe Logo Founded: 2013
CySEC, MiFID MT4, FXGlobe Web Trader
Founded: 2011

FTD 50% Bonus

FCA MT4 and cTrader