In India, Forex trading companies facilitate the trading of currency pairs, but they must adhere to the strict regulations set by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). Forex trading is allowed only for currency pairs involving the Indian Rupee (INR), and traders must use companies that are authorized by SEBI.
Here’s a list of top Forex trading companies in India:
1. Zerodha
Overview: Zerodha is one of the largest discount brokers in India and a popular choice for Forex trading. It provides low-cost trading services and offers access to currency derivatives on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Currency Pairs: Offers trading in INR-based pairs like USD/INR, EUR/INR, GBP/INR.
Platform: Kite is the proprietary trading platform, known for its user-friendly interface, advanced charting tools, and speed.
Regulation: SEBI-approved broker.
2. Upstox
Overview: Upstox is ano
