10 Best
Forex Trading Platforms and Brokers in

the stock

with 1:2 leverage
on the world's
leading stocks

India is a country situated in South Asia with the fifth-largest economy by market exchange rates.  In 2011, India was credited as the world’s tenth-largest importer and the nineteenth-largest exporter with major exports including petroleum products, textile goods and jewellery, plus major imports being crude oil, machinery, gems, fertiliser, and chemicals. Tourism in India is important for the country’s economy and is still growing rapidly. Over 10.04 million foreign tourists have arrived in India over recent years and Currency Exchange is a daily occurrence in order for business to be conducted.


Indian Forex Traders can make their choice of Broker from 10 Best Globally Regulated Forex Brokers and Trading Platforms who accept local investors.

the stock

with 1:2 leverage
on the world's
leading stocks

the stock

with 1:2 leverage
on the world's
leading stocks

XM Group

XM Group

Leverage:                            1:30 to 1:888 *Depends on the entity of the group

Regulation:                         CySEC, ASIC, IFSC

Min. Deposit:                    US$5

HQ:                                        Cyprus, Australia, Belize

Platforms:                           MT4, MT5, XM WebTrader

Founded in:                        2009

XM operates with clients from over 196 countries and offers support in 30 languages. The main branch is located in Cyprus and the company is regulated by CySEC.  1.5 Million Traders and investors have chosen XM as their Forex Broker, largely accredited to their wide range of trading products on offer.  Four main account types are on offer – Micro, Standard, XM Ultra Low Account and Shares AccountsTraders can select the base currency of their preference from a large selection on offer, including South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.

Customer Support is available via live chat, email and phone.

eToro best brokers


eToro is a leading social trading platform designed for trading major financial markets including stocks, forex and cryptocurrencies. eToro is well regulated by the FCA, CySEC and ASIC. eToro only offers one account type with over 1,083 different instruments to trade, including over 47 currency pairs. The minimum deposit for said account will differ by country.  eToro offers traders a proprietary trading platform which allows both individual and social trading.

eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.

Forex Time (FXTM)

Forex Time (FXTM)

FXTM is a Forex and CFDs Broker which was established in 2011. FXTM is highly regulated by the FSC of The Republic of Mauritius, the FCA of the UK, CySEC and licensed by FSCA of South Africa.

Standard and ECN Accounts are available with several subtypes. Under the Standard account, they offer the Standard, Cent and Shares Account types. ECN account sub-types are the ECN Zero account, FXTM Pro account and the ECN account. ECN accounts can be traded on MT4 and MT5FXTM offers Local NGN Funding, through bank wire transfer or Neteller with a minimum deposit of $100 for a standard forex account. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.

Customer support is available in 17 Languages via Live Chat, Phone, Telegram, Facebook and Twitter.

pepperstone best broker


Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA)Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free.

Pepperstone boasts three top forex trading platforms:

  • MetaTrader 4: Most Popular for Forex Trading
  • MetaTrader 5: Most Popular CFDs Trading Platform
  • cTrader: Best Automated Trading Platform

All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for up to 30 days.

Platform enhancements available for Pepperstone include: 

  • MetaTrader 4 smart trader tools
  • cTrader Automate
  • Autochartist and
  • API trading

A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.

Pepperstone offers 24/5 multiple language support via email, phone and live chat.

Exness review


Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available.  Exness offers over 105 different instruments to trade, including over 103 currency pairs.

Exness is authorised by several reputable regulatory bodies, including the Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), and the particularly stringent Financial Conduct Authority (FCA).

In terms of its FSA regulation, the broker’s Nymstar Limited division is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025.  In terms of its CySEC regulation, Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.  And in terms of its FCA regulation, Exness (UK) Ltd is an Investment Firm, authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729.

Under these regulatory authorities, particularly the FCA and CySEC, the broker operates legitimately in the EEA, which is well-known for its stringent regulatory safeguards, including the provision of a compensation scheme in the unlikely event of broker insolvency.   As evidenced by its broad regulatory status, Exness is an authorized broker which is able to provide its clients with a highly safe and secure trading environment.

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.



AvaTrade is an online broker which was founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.

  • Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
  • Headquarters:The British Virgin Islands
  • Foundation year:2006
  • Used: by over 200,000 traders

Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information.  Customer support is available by email, phone, or live chat.



Tickmill is a Forex and CFD broker with licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on 80+ markets covering Forex, Indices, Commodities and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS.

Three main trading accounts called the Pro Account, Classic Account and VIP Account is on offer, each which offers different minimum balances, maximum leverage, spreads and commissions respectively. Demo trading and Islamic swap-free accounts are also made available.

Multilingual customer support is available via Telephone, Email, Online Contact Form and Live Chat.



EasyMarkets is one of the most popular choices for Beginner traders and traders:

  • Enhanced risk management tools as standard
  • Fixed spreads on all forex pairings
  • An easy to use forex trading platform

EasyMarkets is regulated by CSEC (Cyprus) and ASIC (Australia) respectively.

EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:

  • Deal Cancellation
  • Guaranteed Stop Loss Orders
  • Negative Balance Protection

Standard, Premium, VIP and SuperVIP accounts are available, their minimum opening deposits are $100, $1 000, $2 500, $50 000 respectively. A demo account is also on offer.  The available trading platforms on offer are the ever popular MT4 and the EasyMarkets web platform.

Customer Support is available 24/5 via  various chat channels, email, phone and web forms.

Swissquote best broker


Swissquote Bank offers traders the ability to trade in Forex, CFDs and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities and BondsTraders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5Swissquote Bank Ltd holds a banking licence issued by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association.

Swissquote Bank offers traders four different trading accounts to choose from including Standard, Premium, Prime and Professional, as well as access to a free demo trading account.  Users can deposit funds via bank wire transfer or via Visa or Mastercard.  Customer support is offered in ten different languages via Live Chat, Telephone, Email and an Online Contact Form.

Saxo Bank

Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO.  The Saxo Group is regulated in 15 jurisdictions including authorisation from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA) and many more.

Deposits can be made via credit and debit cards, bank transfer and stock transfer.  Customer support is available in nearly 30 different languages via phone, email and an FAQ section.

The safety of a traders funds and the privacy of their information is more important than any other factor up for consideration when opening a forex account. Regulatory authorities will ensure that Forex brokers are transparent, honest and protect the best interests of its users.  With so many regulated brokers available to choose from, how can a trader really know who to work with?  We have conducted in depth research into the industry’s leading regulated brokers to come up with not only the ten best Globally Regulated Forex Brokers who accept Indian Investors but also the Following 5 Forex Brokers who are regulated by excellent authorities.



Forex.com is a platform which can be used for trading foreign currencies and precious metals. Forex.com is well regulated by several major financial authorities, including the FCA and CFTC. Forex.com is a trusted choice of forex broker for traders of all experience levels. Traders can trade over 80 currency pairs as well as silver and gold.  Three types of trading accounts are on offer including Standard, Commission and a Direct Market Access account.  Forex.com works with a web-based platform, mobile apps, and desktop across the Forex.com trading platform or MetaTrader.

Customer support is available by phone, live chat, or email 24 hours a day during market hours.

Cityindex best broker

City Index

City Index is a Spread Betting, CFD and Forex trading broker which is regulated by the UK Financial Conduct Authority (FCA)City Index offers traders the ability to trade on 12,000+ instruments covering Indices, Shares, Forex, Cryptos and Commodities, all on the MetaTrader 4 platform, the broker’s own proprietary, web-based HTML 5 trading platform or the AT Pro desktop download.

City Index offers traders 3 trading accounts to choose from for Spread Betting and CFD trading called Trader, Premium Trader and Professional Trader. A demo account is also on offer.  Customer support is available 24/5 via Live Chat, Telephone, Email and an Online Contact Form.

Vantage FX

Vantage FX is a Forex ECN and CFD broker which offers traders the ability to trade on 120+ tradable assets across Currencies, Indices, Commodities plus U.S and Hong Kong Share CFDs. Vantage FX is authorised and regulated by the Cayman Islands Monetary Authority (CIMA) under the name Vantage International Group.

Three main types of live trading accounts are on offer – Standard STP, Raw ECN and Pro ECN alongside a swap-free Islamic account and the use of a free MT4 unlimited demo trading accountVantage FX offers traders access to the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Android and iOS.  Customer support is available 24 hours a day, 5 days via phone, email, live chat and remote TeamViewer in English, Mandarin, Thai and Vietnamese.


LegacyFX was founded in 2012 and is regulated by the Vanuatu Financial Services Commission (VFSC), through its ownership company AN All New Investments (VA) Ltd.  LegacyFX offers users the ability to trade on more than 200+ financial instruments covering CFDs on Forex, Metals, Oil, Cryptocurrencies, Indices and Stocks with 4 different types of trading accounts called Silver, Gold, Platinum and VIP on offer. The first three accounts are swap-free and users have a choice of fixed or variable spreads. Users can also open a demo trading account.

Traders can choose to trade on the globally-recognised MetaTrader 5 trading platform for both desktop and web.  Customer support is offered via an Instant Chat function, Telephone and Email and an Online Contact Form.



HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar.  A traders account, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators can be accessed from anywhere using an iPhone

Hotforex’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.

Key features include:

  • Supports:  MT4, MT5 for desktop, web & mobile
  • Minimum deposit:  $5
  • Leverage:  1:1000
  • Trading Instruments:  Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals

Customer support is available via phone and email.

the stock

with 1:2 leverage
on the world's
leading stocks

In Conclusion

Traders should take their time when looking to choose a forex broker because a bad decision can be a costly one. Top Forex Brokers will not only offer robust resources, low trading costs and access to the worldwide interbank system but also handle a trader’s money with care.   If a trader has confidence in their forex broker, they will be able to devote more time, effort and attention to developing profitable forex strategies. Regulation and compliance are  the most important factors to consider when choosing a Forex broker as an unregulated broker can basically do as they please with a traders’ funds. Unregulated Forex brokers might be nothing more than an online scam.

EXNESS is this month's #1 Broker