Forex & Crypto Brokers in India for 2018
We’ve tested the most trusted Forex and crypto brokers for India , and below you can find a comparison table with the results.
| 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|
Top Forex Broker
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Best Trading Platform 2017
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Top Trading Broker
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Best Demo Account
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| Broker | XM | FBS | IQ Option | Binary.com | Olymp Trade |
| Promotion | $30 T&C Apply | $100 | $10,000 | $10,000 | $10,000 |
| Rating | |||||
| Trading instruments | 1000+ | 80+ | - | - | - |
| Spreads | From 0.6 pips | Starting from 0 pip | - | Forex: From 0.5 pip var ( EUR/USD ) | - |
| Min Deposit | $5 | $1 | $10 | $5 | $10 |
| Execution Speed | Fast ( in less than 1 sec ) | Fast ( within 0.4 second ) | - | - | - |
| Min Trade | $1 | - | $1 | - | $1 |
| Regulated | |||||
| Free Demo | |||||
| Max Payout | - | - | 91%* | 91%* | 92%* |
| Max Leverage | 888:1 | 1:3000 | 300:1 | 1:300 | - |
| Hindi Support | |||||
| Trading platforms | - | - | - | - | MetaTrader4 and Propietary |
| Promotion | $30 T&C Apply | $100 | $10,000 | $10,000 | $10,000 |
| Read ReviewOpen Account | Read ReviewOpen Account | Read ReviewOpen Account | Read ReviewOpen Account | Read ReviewOpen Account |
How To Choose The Right CFD & Forex Broker for India ?
Choosing a CFD & forex broker is a critical aspect of trading. Because at the end of the day, it is the broker that you choose that can either make or break your path towards becoming a successful forex trader. A golden rule of thumb is to discover a forex & CFD broker who offers great services and even suits the preferences that you have. For doing this there are certain factors that you can take into consideration and these are:
Regulation
The broker that you choose must be registered with a regulatory authority to ensure that its operations are in accordance with governing country regulations and laws. If the broker is in compliance with the regulatory standards then they must provide their registered number on the client agreements, official website, educational material and marketing too. With the number, you can verify if the forex and CFD broker has been regulated by the specific authority, and if you don’t find the name on the list then it’s wise to shift to the next broker on the list.
Trading Platform
The trading platform acts as a link between you and the real market. Therefore, you have to make sure that it is user-friendly and is equipped with a range of technical and fundamental tools, and the trades can be entered or exited with an extreme ease. The final point is: opt for well-structured trading platforms that offer clear “sell” and “buy” buttons.
Forex Demo Accounts
The broker that you choose should offer forex demo account, as this gives you an opportunity to get a complete overview of the various services before becoming a member of the network. Most of the prominent forex broker come up with demo accounts for at least 72 hours that can be used to analyze the effectiveness of services, the responsiveness of trading platforms and how well you are able to perform using them altogether.