How to Choose a Forex Broker: A Comprehensive Guide
In India, forex trading is allowed only via SEBI registered forex brokers like Samco . Samco provides one of the best forex trading platforms in India. Forex broker legal in india IG provides an execution-only service. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result.
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Trading Specifications
As stated above, forex trading in India is legal when done through a registered Indian broker. Furthermore, forex trading is limited to specific currency pairs including 4 Indian rupee pairs and 3 non-INR Forex pairs. The first group includes the USD/INR, EUR/INR, JPY/INR, and GBP/INR pairs, and the second – EUR/USD, GBP/USD, and USD/JPY. They must be traded as currency futures or derivatives. Best forex broker in hyderabad,india Not all brokers offer the Forex Micro Account. You must verify with the broker or check their account types page on their website. Brokers may not refer to any of their trading accounts as micro accounts but they typically allow micro lot trading as standard.
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This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Frequently Asked Questions Generally, traders are advised to use brokers regulated by the financial monitoring institution in their country. However, due to limitations imposed on locally regulated financial institutions in the country, traders may need to look beyond the national borders and explore what internationally regulated forex brokers have in store for them. You are welcome to check our list of brokers accepting traders from India.
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