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How to do Forex Trading in India?

Trading Platform & Software.

Top Forex Brokers in India for Forex Trading It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading opportunities. On our forum you will find relevant forex forecasts and have a chance to join discussions held by experts of the currency market, professional traders and those who are new to Forex.

MT4 Metatrader 4 Brokers in India

Mar 11,  · In India, forex trading is legal only when it is done through registered Indian brokers. The National Stock Exchange (NSE) and Metropolitan Stock Exchange of India (MSE) are most commonly used stock exchanges in India. The Reserve Bank of India and Securities Exchange Board of India regulate the forex trading in India.

Trading in forex carries a high level of risk and it may not suits everyone. Before deciding to do forex you should consider your investment objectives, risk carrying capacity and level of experience.

If you have any queries related to Forex trading it is advisable to take advice from an independent financial advisor. Raviraj is the man behind moneyexcel. He is graduate in finance, engaged in blogging since 6 years. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money.

These should not be construed as investment advice or legal opinion. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Your email address will not be published.

So, you can have 0. You do not need to worry if you have only a small amount to trade currencies. All of the brokers offer leverage, which means you, will be able to open much larger position than your initial deposit. However, you will also have to limit risks.

And if you have 10k or more brokers would possibly offer you a standard account. There could be many more variations of the types of accounts, for example, Islamic account where interest accruing rules would not apply or VIP for particularly large sums of money and special services.

You need to contact a broker and discuss your needs with him to find out which type of account fits you best. An Indian Forex trader should naturally expect service in his native language or a dialect that is widely spoken in the area. If it is only in English, you better go somewhere else, because the broker probably came just to get, not to give. Online customer support is also something you would expect from a reliable broker. A broker should be there to answer questions, solve issues, discuss problems and offer advice in a fast and effective manner.

Slow customer service is a bad manner of business and you should stay away from such brokers. Extra services are also expected from a reliable broker. Regulated brokers will inform their customers about risks trading in the markets, offer various kinds of courses on a variety of financial topics, provide video lessons, post financial news feed on their website as well as economic calendar for all traders to see what fundamental factors can affect markets in the nearest future and etc.

As you may see there are a lot of things to be taken into consideration before you fund your real money account with some broker. When you find a broker who offers the best of what has been described in the article you will be able to trust him and trade your money with focus and confidence which will ultimately help you to make money. Best Forex Brokers in India This page may not include all available products, all companies or all services.

How to Choose a Forex Broker as an Indian Trader Despite the fact that India is not among the richest countries in the world, it is still open to investments and plays a big role in global financial markets such as Forex. Account Types You do not need to worry if you have only a small amount to trade currencies. Customer Service An Indian Forex trader should naturally expect service in his native language or a dialect that is widely spoken in the area. Additional Services Extra services are also expected from a reliable broker.

Conclusion As you may see there are a lot of things to be taken into consideration before you fund your real money account with some broker. Your capital is at risk. LiteForex is one of the forex brokers who have commenced operation in India and following are the features they provide to their customers:. FXCM is one of the largest Forex broker across the world competing the other popular forex brokers. Their features include the following:.

Following features are provided to their customers:. Top Forex Brokers in India for Forex Trading It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading opportunities. Broker Offer Devices Review 1 st. Close Window Loading, Please Wait!

Are there Forex brokers in India?

I stayed with my first broker. So keep on reading for you are going to be very hard pressed to find a better set of Brokers than those listed below!

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Currency Parings Options — One other aspect to you choosing just which Forex Broker to sign up to is that you will need to sign up to a Forex Broker that is not going to offer you just a small selection of currency pairings. Despite the fact that India is not among the richest countries in the world, it is still open to investments and plays a big role in global financial markets such as Forex.

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