7 Best Forex Brokers in India for 2026

Established in 2005, FP Markets is authorized and regulated by CySEC, ASIC, and the FSCA and has one unregulated entity in St. Vincent and the Grenadines. With more than 850+ financial instruments, 3 powerful trading platforms and competitive trading fees FP Markets is a top overall broker.

Regional Features:

• Indian payment solutions: Neteller, Skrill
• Trade USD/INR
• 24/7 customer support in Hindi
• Islamic trading account

With FP Markets, traders in India can trade from two different account types, on more than 850+ financial CFD instruments covering forex, stocks, indices, commodities and cryptos and from three different trading platforms: MT4, MT5 and cTrader.

During our live fee test, I found that the average spread for EUR/USD on the Standard Account, during the London and New York session, averaged 1.0 pips which is the industry average for a commission-free trading account.

If your priority is securing the lowest possible spread, you might want to consider trading with the FP Markets Raw Account. This account offers spreads starting from 0.0 pips, but it carries a commission of 3 USD per lot, per side, which is better than the industry average of 3.50 USD.

I found that both of the account types offer ECN pricing, which means you can trade 70+ forex pairs, including USD/INR, directly with the interbank markets and broker’s liquidity providers. This makes it a top broker to consider overall.

FxPro is a name that hardly needs an introduction. The London-based was founded in 2006 and offers 2,100+ tradable instruments across different markets, as well as a variety of trading solutions. But where it truly shines is in mobile trading with its five-started FxPro Mobile App.

Regional Features:

• Indian payment solutions: FxPro Markets CR SRL
• Indian payment solutions: Bank wire, local bank transfer, bank cards
• Localized version of the website in Hindi
• Islamic trading account

I tested FxPro’s mobile app and found it extremely easy to navigate. The app features well over 100 analytical tools and various chart configurations and can be used for trading on the go, account management, and payments. Helpful customer support via chat is also available.

The FxPro app supports all basic order types (market, limit, and stop) and has a built-in economic calendar so that traders can stay informed about upcoming trading news and economic releases.

I conducted my testing on a Standard FxPro account, which offers zero commissions and floating spreads starting from 1.1 pips. Indian traders have access to unlimited leverage and can also take advantage of FxPro’s ultra-fast order execution, averaging just 12 milliseconds.

VT Markets is an Australia-based derivatives broker founded in 2015. It offers more than 1,000 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, ETFs, futures, and bonds. The broker charges fair prices and provides a variety of trading tools, but its standout feature is its diverse platform offering.

Regional Features:

• Indian payment solutions: Bank wire, Neteller, AirTM
• Localized version of the website in Hindi
• Islamic trading account

Indian retail traders can choose between MetaTrader 4, MetaTrader 5, and VT Markets’ proprietary Webtrader+ platform powered by TradingView. I tested Webtrader+ and found it extremely user-friendly. Scaling price action up and down is very easy, providing technical traders with a comprehensive overview.

VT Markets clients can also choose VTrade, a proprietary copy trading solution that connects strategy providers and strategy followers. For low-latency trading, VT Markets provides free Virtual Private Server (VPS) hosting. It helps traders achieve ultra-fast execution speeds below 5 milliseconds.

I also tested VT Markets’ trading fees on a Standard account which features commission-free trading and floating spreads from 1.2 pips. I concluded that VT Markets charges low spreads on share CFDs, indices, and cryptocurrencies, low-to-average spreads on commodities, and average-to-high spreads on currency pairs.

Hantec is a multi-regulated forex and CFDs broker founded in 2009 and based in Mauritius. It offers more than 2650 tradable instruments across currency pairs, commodities, share CFDs, indices, and synthetic pairs. Traders in India can benefit from Hantec’s rock-bottom trading fees and FIX API offering for Direct Market Access (DMA) trading, allowing them to obtain raw spreads directly from an exchange’s order books.

Regional Features:

• Indian payment solutions: Bank wire, International bank transfer, credit/debit cards, others.
• Islamic trading account

Hantec’s Standard account offers zero commissions and rock-bottom spreads across all asset classes. Based on my test, Hantec charges low spreads on currency pairs, shares CFDs, indices, and cryptocurrencies and low-to-average spreads on commodities.

The broker incorporates the standard suites of MetaTrader 4 and 5, available on desktop, web, and mobile. It also has developed two proprietary apps: Hantec Mobile for trading on the go and account management and Hantec Social for social and copy trading.

Hantec stands out for extensive and highly informative educational materials, precise and very efficient research content, and ultra-fast execution speeds, making it a great choice for day traders and algorithmic traders.

Founded in 2012 and headquartered in Cyprus, JustMarkets is a forex and CFD broker and a favored option for high-leverage trading. The broker offers more than 260 tradable assets across different markets at competitive pricing.

Regional Features:

• Entity for Indian Traders: Just Global Markets Ltd
• Indian payment solutions: Bank wire, International bank transfer, credit/debit
• cards, others.
• Localized website in Hindi
  Islamic trading account

I learned that JustMarkets offers leverage of up to 1:3000 on currency pairs and metals, 1:500 on indices, 1:200 on energies, and 1:20 on share CFDs. I also discovered that JustMarkets ensures negative balance protection, which is a key safety net for high-leverage trading.

I performed my tests on a Standard trading account, featuring commission-free trading and floating spreads from 0.3 pips. My findings indicate that JustMarkets charges low spreads on share CFDs, low-to-average spreads on currency pairs and commodities, average spreads on BTCUSD, and high spreads on indices.

JustMarkets offers the MetaTrader 5 platform, which is well-calibrated for high-volume trading. Indian traders can choose from 38 technical indicators, 24 drawing tools, 21 timeframes, and 3 chart types. The platform supports market orders, limit orders, and stop orders. It also features one-click trading, DoM trading, watchlist customization, and more.

Founded in 2007, AMarkets is an international broker that offers a high leverage of up to 1:3000, supports copy trading, and provides free VPS hosting for low-latency trading.
The broker gives access to over 500 assets, including currency pairs, commodities, shares, indices, cryptocurrencies, and ETFs, that can be traded on MT4 and MT5.

Regional Features:

• Indian payment solutions: Credit/Debit cards, Cryptocurrencies
• Localized version of the website in Hindi
• Islamic trading account

AMarkets provides a full suite of the MetaTrader 5 platform, which features 38 technical indicators, 24 drawing tools, and 3 chart types. I found the range of 21 timeframes to be very useful for day and swing traders. MT5 also supports one-click trading, watchlist customization, copy trading, and automated trading via Expert Advisors (EAs).

I checked AMarkets’ Standard account, which features a minimum deposit of $100, no commissions, and floating spreads from 1.3 pips. My live testing revealed that AMarkets is not the cheapest broker: its spreads on popular instruments exceed the industry average. However, the broker doesn’t charge any deposit or inactivity fees.

To support its clients, AMarkets delivers robust market research and comprehensive educational content. There is a massive selection of articles, courses, and videos, including MT5 tutorials for traders from all backgrounds and experience levels.