The best Forex trading platforms in India are those that offer a reliable, user-friendly experience, and comply with the regulations set by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). While direct forex trading is restricted for Indian residents (involving only currency pairs approved by RBI), Indian traders can participate through authorized brokers who provide access to currency markets. Below are some of the most popular Forex trading platforms available in India:
1. Zerodha
Features: Zerodha is India's largest stock brokerage, known for its low-cost trading and advanced charting tools. It offers currency trading services along with stocks, futures, and options. Zerodha's Kite platform is intuitive, and it integrates well with Algo trading.
Pros:
Low brokerage fees
Good research and education tools
Fast execution speed
Cons:
Limited educational material for Forex (focused on stocks)
2. Upst