Global Broker Regulation Inquiry App
About WikiFX
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

اردو

Download

A low spread is useful, but it is only one part of choosing a broker in India. Indian residents should distinguish RBI-listed permitted currency pairs from offshore leveraged products and verify the serving entity before funding an account.

Use the official information from Reserve Bank of India and Securities and Exchange Board of India (RBI/SEBI) as the starting point for checking authorized investment firms or market intermediaries. Against that background, the following 6 profiles provide a structured starting point for comparing platforms and account conditions, subject to residency acceptance and entity-level checks.

RBI/SEBI check: Review the exact legal entity and its permitted activities on the Reserve Bank of India and Securities and Exchange Board of India official site or register. A global regulatory record does not by itself prove local authorization or account availability.

The operating record begins in 2010.

The lowest recorded opening deposit is $3,000.

The operating record begins in 2002.

Trading access is recorded through Self-developed, Android, IOS.

The operating record begins in 2018.

Trading access is recorded through Self-developed, Android, IOS.

4

The operating record begins in 2012.

The profile records 2 regulated entries under FCA, FSCA.

5

The profile traces its history to 2010.

Trading access is recorded through Self-developed, MT4, MT5, CTrader.

more

Forex Broker

License

Minimum Spread

Maximum Leverage

Minimum Deposit

Open Account

Details

Compare

Regulated
1.80 XAUUSD Average Spread
2000:1
USD$0
7.74
Regulated
1. 1.3
1. 1:300
1. 0.01

Why These Brokers Stand Out for Traders in India

GTCFX

  • an operating record beginning in 2010.
  • an average execution record of 340 ms.
  • 4 listed platform types, including MT5, CTrader, Self-developed, MT4.

InteractiveBrokers

  • a simulated-trading environment for order practice.
  • an operating record beginning in 2002.
  • 3 listed platform types, including Self-developed, Android, IOS.

upstox

  • recorded mobile trading access.
  • 3 listed platform types, including Self-developed, Android, IOS.
  • custom-chart functionality for technical analysis.

HFM

  • signal-chart functionality in the software record.
  • copy-trading functionality recorded in the platform profile.
  • account conditions that permit scalping.

FxPro

  • a minimum spread recorded at 0 pips.
  • an operating record beginning in 2010.
  • an average execution record of 239.3 ms.

Olymptrade

  • 4 listed platform types, including Self-developed, IOS, Android, Windows.
  • recorded mobile trading access.
  • a simulated-trading environment for order practice.

GTCFX

Operating since 20104 platform typesAccount terms recorded

Regulators: FCA, ASIC, CMA.

Broker summary: Operations are recorded from 2010. 3 regulated entries are listed under FCA, ASIC, CMA. The lowest recorded opening deposit is $3,000.

Advantages

  • A useful comparison point is an operating record beginning in 2010.
  • For account screening, the record offers an average execution record of 340 ms.
  • One practical detail is 4 listed platform types, including MT5, CTrader, Self-developed, MT4.
  • The available information adds a minimum deposit recorded at $3,000.
  • For preliminary due diligence, note 3 regulated entries: FCA, ASIC, CMA.

Points to consider

  • Expect slow response times from customer support.
  • Funding routes and local availability can change; confirm country eligibility before funding.

InteractiveBrokers

Operating since 20023 platform typesDemo recorded

Regulators: FCA, NFA, SFC, FSA, ASIC, CIRO.

Broker summary: Operations are recorded from 2002. 6 regulated entries are listed under FCA, NFA, SFC, FSA, ASIC, CIRO. Trading access is recorded through Self-developed, Android, IOS.

Advantages

  • A second verifiable point is a simulated-trading environment for order practice.
  • The profile also brings an operating record beginning in 2002.
  • For a side-by-side review, consider 3 listed platform types, including Self-developed, Android, IOS.
  • One account-selection factor is recorded mobile trading access.
  • The documented setup provides 6 regulated entries: FCA, NFA, SFC, FSA, ASIC.

Points to consider

  • Several disclosures require individual review.
  • Funding routes and local availability can change; check the available payment routes first.

upstox

Operating since 20183 platform typesMobile access

Regulators: -.

Broker summary: Operations are recorded from 2018. Trading access is recorded through Self-developed, Android, IOS. Available software includes Self-developed, Android, IOS.

Advantages

  • A practical item to verify is recorded mobile trading access.
  • The service record contributes 3 listed platform types, including Self-developed, Android, IOS.
  • Another concrete detail is custom-chart functionality for technical analysis.
  • The profile makes it possible to compare an operating record beginning in 2018.
  • For planning purposes, there is a regulatory profile that can be checked against the RBI/SEBI register.

Points to consider

  • Not regulated by any regulator.
  • Funding routes and local availability can change; verify access with the exact legal entity.

HFM

Operating since 20125 platform typesDemo recorded

Regulators: FCA, FSCA.

Broker summary: Operations are recorded from 2012. 2 regulated entries are listed under FCA, FSCA. Trading access is recorded through MT5, Self-developed, MT4, Android, IOS.

Advantages

  • One trading-related detail is signal-chart functionality in the software record.
  • The account review can take into account copy-trading functionality recorded in the platform profile.
  • The platform record adds account conditions that permit scalping.
  • A relevant comparison item is 4 documented account configurations.
  • The operating profile contributes 2 regulated entries: FCA, FSCA.

Points to consider

  • No biometric login (e.g., fingerprint/Face ID).
  • Funding routes and local availability can change; review the current onboarding terms before depositing.

FxPro

Operating since 20104 platform typesAccount terms recorded

Regulators: FCA, CYSEC.

Broker summary: The profile traces its history to 2010. 2 regulated entries are listed under FCA, CYSEC. Trading access is recorded through Self-developed, MT4, MT5, CTrader.

Advantages

  • The technical review can use a minimum spread recorded at 0 pips.
  • Before funding, it is useful to note an operating record beginning in 2010.
  • The available terms set out an average execution record of 239.3 ms.
  • The trading setup includes account conditions that permit scalping.
  • The account profile contributes 3 documented account configurations.

Points to consider

  • This broker has a high number of user complaints.
  • Funding routes and local availability can change; confirm withdrawal and funding options in advance.

Olymptrade

Operating since 20184 platform typesDemo recorded

Regulators: -.

Broker summary: The operating record begins in 2018. Trading access is recorded through Self-developed, IOS, Android, Windows. Available software includes Self-developed, IOS, Android, Windows.

Advantages

  • The recorded feature mix contains 4 listed platform types, including Self-developed, IOS, Android, Windows.
  • A cost-and-access review can consider recorded mobile trading access.
  • The regulatory review can use a simulated-trading environment for order practice.
  • The account information includes an operating record beginning in 2018.
  • The trading record provides a regulatory profile that can be checked against the RBI/SEBI register.

Points to consider

  • The profile includes adverse regulatory disclosures.
  • Funding routes and local availability can change; confirm country eligibility before funding.

Forex Trading in India: Frequently Asked Questions

Which forex broker is best for a trader in India?

GTCFX leads this comparison, with 3 regulated entries and 4 listed platform types in its profile. The right choice still depends on the legal entity, RBI/SEBI status, account currency, costs, platform and whether the broker accepts residents of India.

Is online forex trading legal in India?

Investment and brokerage services require authorization. Check the firm and its permitted activities with RBI/SEBI, then confirm that the named legal entity accepts residents of India.

How should I verify a broker in India?

Start with the official Reserve Bank of India and Securities and Exchange Board of India site or register, then match the company name and license number to the client agreement and broker website. A license held by another company in the same group does not automatically protect your account.

Which trading platforms are available?

MT5, CTrader, Self-developed, MT4, Android, IOS, Windows appear in the compared profiles. Confirm desktop, web and mobile access on the specific account because platform support can differ by jurisdiction.

How much money is needed to start?

The lowest recorded figure in this comparison is $0, but a minimum deposit is not a recommended trading balance. Allow room for margin, costs and adverse movement without relying on maximum leverage.

What should I know about deposits and withdrawals?

Confirm whether the account supports Indian rupee (INR), which banks or payment providers are accepted, the conversion rate, withdrawal fees and the rule requiring funds to return to the original source. A small deposit-and-withdrawal test can reveal practical limits before a larger transfer.

How much leverage should a retail trader use?

Use less than the maximum and size each position from a predetermined loss limit. The amount displayed in a global profile may not be available on the entity serving your country. Leverage magnifies both market losses and the effect of slippage.

About WikiFX

WikiFX is an independent broker-information platform that brings together regulatory records, license details, account conditions, trading-environment data and user reports. Check the latest information with the relevant regulator and legal entity before opening or funding an account.

More Forex Broker Guides

By Country

Best Forex Exchanges

For traders in United States, account access and investor protection can matter more than a long feature list. U.S. residents should verify the firm in NFA BASIC and check whether the product, account type and solicitation are permitted under CFTC rules.

Best Forex Deals

Broker comparisons in United States need a local lens. U.S. residents should verify the firm in NFA BASIC and check whether the product, account type and solicitation are permitted under CFTC rules.

Best Forex Demo Contest

Choosing a forex broker in United States starts with the legal entity, not the trading app. U.S. residents should verify the firm in NFA BASIC and check whether the product, account type and solicitation are permitted under CFTC rules.

Best Forex EAs

A low spread is useful, but it is only one part of choosing a broker in United States. U.S. residents should verify the firm in NFA BASIC and check whether the product, account type and solicitation are permitted under CFTC rules.

View More
Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com