Here are the top forex trading companies in India that allow traders to access currency markets, primarily for INR-based currency pairs like USD/INR, EUR/INR, and others, in compliance with Indian regulations:
1. Zerodha
Overview: Zerodha is India's largest stockbroker, well-known for its low-cost structure and user-friendly platform. It allows traders to participate in forex trading through Kite—a simple and intuitive platform.
Leverage: Up to 1:10 for forex trading
Platform: Zerodha Kite (Web and mobile apps)
Fees: Low brokerage charges
Why It’s Popular: Zerodha is ideal for cost-conscious traders and offers strong educational resources, making it a favorite among Indian retail traders.
2. Upstox
Overview: Upstox is one of India’s leading discount brokers that also offers forex trading services. It provides an easy-to-use platform and competitive pricing.
Leverage: Up to 1:20 for forex trading
Platform: Upstox Pro (Web and mobile apps)
Fees: Low brokerage fees and no hidden charges
Why It’s Popular: Affordable pricing, user-friendly interface, and excellent customer support make Upstox a top choice for Indian traders.
3. ICICI Direct
Overview: ICICI Direct, part of the ICICI Bank Group, is one of India's largest and most trusted brokers. It offers forex trading alongside equities, commodities, and mutual funds.
Leverage: Up to 1:10 for forex trading
Platform: ICICI Direct (Web and mobile apps)
Fees: Transparent brokerage structure
Why It’s Popular: Reliability, security, and the integration with ICICI Bank make it a preferred choice for traders.
4. HDFC Securities
Overview: HDFC Securities, part of HDFC Bank, offers a range of services, including forex trading. It’s known for its secure platform, good customer support, and integration with HDFC Bank services.
Leverage: Up to 1:10 for forex trading
Platform: HDFC Securities (Web and mobile apps)
Fees: Low, transparent brokerage fees
Why It’s Popular: Trusted and well-established in the Indian market, HDFC Securiti