There has been an increase in the popularity of forex trading, which means a higher need for a forex broker. The brokerage industry in India has long been known for stock trading being the most popular within the financial sector. However, forex trading is on the rise.
When looking for a broker in India, you have two types: discount and full-service brokerage companies. A discount broker is one that has lower fees but also has fewer services. On the other hand, the full-service brokerage includes more services above buying and selling shares but often come with higher fees.
Finding a regulated and trusted broker in India doesn’t need to be complicated. Checking out the top 100 regulated brokers and looking for their regulatory certificates on their website.
Best 5 Forex Brokers List
You’ll be able to spot which broker is a company worth looking into. To make that even easier, we created a list of the five best forex brokers in India
#1 GO Markets
Known for being the best overall broker in India in 2020, GO Markets is a fully compliant brokerage service. Not only that, they offer competitive spreads and technological developments, all that come in handy when trying to be a successful forex trader.
GO Markets is a globally recognized brokerage company that received various awards in the industry. Their platform boasts excellent support and learning tools, making this brokerage a top choice for any level of forex investors.
Alpari is a brokerage service you’ll often find at the top of many best forex brokers lists, and for many reasons. To start, they have years of experience as forex brokers to bring to their customers. As Alpari grows, they continue to keep up with modern internet trading, which is likely why they service clients from 150 countries.
Being an international company, Alpari holds various regulatory licenses that allow them to operate in multiple countries safely. You can trust that you’re working with a brokerage company that follows the regulations in your country.
If you’re just starting as a forex trader, then IG may be the brokerage company for you. They are recognized as one of the top brokers for beginner forex investors. IG is one of the industry pioneers, bringing online financial spread betting to the global market in the late 1990s. Since conception in 1974, IG offers decades of experience to help the most beginner forex trader succeed.
Another excellent brokerage service is FXTM. Although a relatively new broker compared to the others listed above, FXTM is still a competitive company worth considering. FXTM is recognized as one of the top and fastest-growing forex brokerages in the world. With its core roots starting with reliable trading conditions and offering education to the global market, FXTM is a company worth considering by any forex trader.
Wrapping up our list is Pepperstone, but that doesn’t make them any less qualified than the rest above. Pepperstone is a quickly growing forex company that is rising in popularity. They hold multiple regulations with a solid reputation recognized globally.
Ready to start trading? A list of top forex brokers in India is the place to start. Finding a reliable forex brokerage company to get you going can help set you up for success in the long run.