It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading opportunities.
In fact, some of our featured Forex Brokers do allow and accept traders who are based in India and as such in this guide we shall be enlightening you as to which are the very best Brokers you can sign up to and what you should expect from each and every Broker you do decide to become a trader at.
If you are comparing the features on offer from several different Forex Brokers, then you should always ensure that those you have on your shortlists of Brokers to sign up to are going to be giving you a fully rounded trading experience.
So let us now enlighten you on what you should be demoing rom any Broker you do intend to sign up to and place real money trades at.
Fast Payouts You are never going to want to have to sit there waiting as soon as you have put in a request for a withdrawal from any Forex Broker you have bene trading at and winning at, and as such do make sure that nay Broker you sign up to and trade at pays you in less than 48 hours.
Avoid any Brokers who are going to keep you waiting for more than 48 hours, in act you are going to come across several Brokers who will pay you on the same day that you request as withdrawal fi you make your withdrawal via a web wallet!
Licensed Brokers Whilst there are no licensing authorities in India who license and regulate Forex Brokers you will find that there are many other countries who do have a legal framework to licensed Forex Brokers.
It is therefore going to be the case that you should sign up to a Forex Broker that is licensed in places such as Cyprus, the United Kingdom and other recognised jurisdictions as you will have the added peace of mind in having the licensing authority to call upon for help if you ever need any help.
Currency Parings Options One other aspect to you choosing just which Forex Broker to sign up to is that you will need to sign up to a Forex Broker that is not going to offer you just a small selection of currency pairings.
The more trading opportunities that are available to you at any Forex Broker the better, and as such always have a good look around their website to see just what each Broker is offering you by way of currency parings, and select one with a large number of them on offer to their traders.
To give you some ideas of which are the best Forex Brokers that you can sign up to and trade at, below we have some mini reviews of the top rated India trader friendly Forex Brokers.
Each of the following Brokers are going to let you sign up to their Brokerages with no problems no matter where you live in India and you are also going to find that you can claim some large sign up and ongoing bonuses and promotional offers at each of the following sites.
So keep on reading for you are going to be very hard pressed to find a better set of Brokers than those listed below!
eToro are the forex brokers who have started their forex operation and simply with a tagline Your Social Trading Network. Below mentioned are some of the features provided by the brokers to its customers:
They provide an innovative platform for the Social Trading.
Their spreads commence from as small as 3pips
They provide a remarkable 24 Hour customer Support
LiteForex is one of the forex brokers who have commenced operation in India and following are the features they provide to their customers:
They provide their customers with variety of trading tools
Provide trading accounts along with fixed or floating spreads
Special instant account deposits can be availed
Bonus Loyalty programme and many other contests for winning real prizes
FXCM is one of the largest Forex broker across the world competing the other popular forex brokers. Along with this, it also listed on the NASDAQ. Their features include the following:
They provide Trading Signals to their customers free of cost
The spread for the Euro/U.S. dollar is frequently 2.5 pips and that for the British pound/dollar is frequently 2.8 pips.
There is no Forex Execution done at the Dealing Desk.
Conflict of interest between broker and trader never arises here and there is no intervention that the dealer can make while you trade.
Entry orders can be placed anywhere even in the spread
You will be able to receive positive rolls at any levels of margins
FBS is a forex broker that has been awarded as the Best Forex Broker Asia in the Foreign Exchange Awards in the year 2012.Following features are provided to their customers:
They permit Order Volume starting from 0.01 lotto 10 lots in the step 0.01
The maximum leverage supported here is till 1:500
They permit spreads Fixed that is starting at 2 pips in 4 digits
The variety of deposit Options they support are Bank Wire, Liberty Reserve, etc.
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