For those interested in forex trading, you'll need a broker to do so. Your broker connects you to the foreign exchange market that allows you to trade currency pairs. Not only that, your broker can provide valuable information and a platform that offers additional training, all that can help you be a successful trader.
The hard part about finding a broker is finding a licensed one. Forex brokers often have a bad reputation due to unlicensed and regulated ones available. However, those who are licensed are worth your time looking at.
If you're ready to start forex trading, here is a list of six licensed brokers in India.
Alpari is a long-standing brokerage company with a platform that has over a million clients worldwide. They are a global trading company that holds multiple licenses, allowing you to trade with them safely no matter where you are.
Going with Alpari gives you access to MT5 brokers in India, the most recent platform version. With 24-hour customer service and educational tools available, Alpari is an excellent broker to consider.
Orbex is a brokerage company that offers many valuable features to its users. To start, it is a regulated and complaint broker, so you can trust you're trading with a safe broker. You also have access to a free demo account, free educational tools, and there are no commission fees on deposits and withdrawals. Also, Orbex is one you'll find on MetaTrader 4 brokers lists.
Next on our list is AvaTrade, a leader in the forex broker industry. They hold regulations on five continents, allowing them to reach a wide range of customers.
AvaTrade is known for being heavily regulated, customer support with a live chat option, access to a demo account, and so much more.
OctaFX is an internationally regulated broker. However, it has previously operated with offshore entities. Since establishing its legal entity and going away from the offshore connection, OctaFX is now considered a safe broker to open an account with. They offer many excellent features that would be a good fit for traders who better understand the foreign exchange.
HotForex is rising in popularity with it being founded in Cyprus (known for superior technology in forex trading). They've received numerous industry awards, including being a top forex provider. Hotforex holds multiple licenses, making them a safe broker to work with. Mix that with low fees, Hotforex is an excellent starting point for any forex trader.
One of the fastest-growing forex brokers available is FXTM. By focusing on reliable trading conditions and having educational material, you can see why this brokerage company has become so popular over the years.
FXTM has received multiple awards over the years, including awards like being the most innovative, best trading conditions and the best trading experience.
Use our list above to help you decide on which forex broker to select. By sticking with companies that hold proper licenses and follow regulations in the forex market, you can trust that you're working with a safe and reliable company.