In India, Forex trading has become quite popular, and there are several platforms that cater to traders. When choosing a Forex trading platform, you’ll want to look at factors such as ease of use, fees, supported currencies, and security. Here are some of the best Forex trading platforms in India:
1. Zerodha
Features: Zerodha is one of India’s most popular trading platforms. It provides low-cost trading and a user-friendly interface.
Supported Currency Pairs: Zerodha mainly supports USD/INR trading on its platform.
Charges: Low brokerage fees; the pricing structure is competitive.
Regulation: Zerodha is regulated by SEBI (Securities and Exchange Board of India).
2. Upstox
Features: Known for its low brokerage and excellent customer service, Upstox offers Forex trading as well as stock and commodity trading.
Supported Currency Pairs: It supports USD/INR, EUR/INR, and other major currency pairs.
Charges: Competitive brokerage rates, with a flat fee structure.
Regulation: SEBI and NSE regulated.
3. Angel One (formerly Angel Broking)
Features: Angel One offers easy-to-use platforms for Forex and equity trading. They provide a strong research base and trading tools.
Supported Currency Pairs: USD/INR, GBP/INR, EUR/INR, etc.
Charges: Brokerage fees are reasonable, and they provide various subscription plans based on your needs.
Regulation: SEBI regulated.
4. ICICI Direct
Features: ICICI Direct is one of India’s largest stockbroking companies and offers Forex trading alongside a suite of investment products.
Supported Currency Pairs: Major and minor currency pairs are available.
Charges: Slightly higher brokerage fees but comes with advanced research tools and insights.
Regulation: SEBI regulated.
5. Interactive Brokers
Features: This platform offers global Forex trading, including access to a wide range of currency pairs and advanced trading tools.
Supported Currency Pairs: Over 100 currency pairs globally.
Charges: Competitive spreads, low commissions, and a transparent