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Best Forex Brokers in India 2026

Every broker scored for traders in India on cost, entry requirements, platforms, and regulation.

Updated October 17, 2026 40 screened 10 shortlisted

Updated October 17, 2026

  • Written Rafat Sany Written

The shortlist

10 brokers · updated October 17, 2026

Our top pick for India

Our highest-ranked match for this list, using the same facts as every broker below.

Compare the top brokers in India

Support, spreads, commission, swap-free, and markets — the same facts as the listings.

Broker Support Spread Commission Swap-free Markets
01 HFM logo HFM Live Chat, Phone, Email 0.0 pips Best Not disclosed Not available Not disclosed
02 ThinkMarkets logo ThinkMarkets Live Chat, Phone, Email 0.0 pips Not disclosed Not available Not disclosed
03 Fusion Markets logo Fusion Markets 24/7, Live Chat, Phone, Email 0.0 pips Not disclosed Available Not disclosed
04 Exness logo Exness 24/7, Live Chat, Phone, Email 0.0 pips Standard: $0 Pro: $0 Zero: From $0.05 per side/lot Raw Spread: Up to $3.50 per side/lot Not available Forex Stocks Crypto +2
05 Hantec Markets logo Hantec Markets 24/7, Live Chat, Phone, Email 0.1 pips Not disclosed Available Not disclosed
06 TradingPro logo TradingPro Multilingual support primarily offering English and Malay. 0.0 pips Not disclosed Not available Not disclosed
07 M4Markets logo M4Markets Live Chat, Phone, Email 0.0 pips Not disclosed Available Not disclosed
08 FP Markets logo FP Markets 24/7, Live Chat, Phone, Email 0.0 pips Not disclosed Not available Not disclosed
09 Vantage logo Vantage 24/7, Live Chat, Phone, Email 0.0 pips Not disclosed Not available Not disclosed
10 HYCM Capital Markets logo HYCM Capital Markets Live Chat, Phone, Email 0.1 pips Not disclosed Available Not disclosed

What we weighted for India

Weights are unique to this list. Missing data is dropped, not scored as zero.

  1. 30% Trust & regulation

    Licence quality, number of regulators, and our published trust score.

  2. 24% Trading cost

    Headline spread on major FX pairs and the broker’s overall fee class.

  3. 18% Entry cost

    How much you need to fund the account before you can place a trade.

  4. 16% Platforms

    Breadth of trading platforms, including MetaTrader and cTrader support.

  5. 12% Flexibility

    Swap-free options, demo access, VPS hosting, and leverage headroom.

How the shortlist scores

Broker Trust & regulation Trading cost Entry cost Platforms Flexibility Overall
1 HFM 10.0 10.0 10.0 8.3 7.7 9.5
2 ThinkMarkets 10.0 10.0 10.0 9.6 6.4 9.5
3 Fusion Markets 9.2 10.0 10.0 10.0 8.0 9.5
4 Exness 9.2 9.8 9.2 8.3 9.2 9.2
5 Hantec Markets 10.0 9.4 9.2 8.1 8.0 9.2

Every broker on the India shortlist

Each broker is listed with the same facts. Unverified figures are marked as not disclosed.

01

HFM Top pick

HFM (formerly HotForex) is a multi-asset broker founded in 2010, offering CFD trading on forex, stocks, indices, commodities, and cryptos with tight spreads from 0.0 pips, leverage up to 1:2000, and regulation across multiple jurisdictions for secure global trading.

Account types
Not disclosed
Support
Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
02

ThinkMarkets

ThinkMarkets is an award-winning CFD broker established in 2010, offering access to over 4,000 instruments including forex, stocks, indices, commodities, ETFs, and cryptocurrencies. Regulated by top-tier authorities like FCA, ASIC, and CySEC, it provides competitive spreads, advanced platforms, and 24/5 support for global traders.

Account types
Not disclosed
Support
Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
03

Fusion Markets

Fusion Markets is a low-cost ECN forex and CFD broker founded in 2017, offering 250+ instruments including 90+ forex pairs, commodities, indices, and crypto CFDs. Regulated by ASIC, VFSC, and FSA (Seychelles), it features ultra-tight spreads from 0.0 pips, $2.25 per side commissions, and no minimum deposit for global traders.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed
04

Exness

Exness is a global forex and CFD broker founded in 2008, offering traders access to a broad range of financial markets through MetaTrader 4, MetaTrader 5, Exness Terminal and the Exness Trade mobile app. The broker provides multiple account types, including Standard, Pro, Zero and Raw Spread accounts, allowing traders to choose between commission-free and commission-based pricing depending on their trading strategy. Exness is particularly known for competitive spreads, flexible leverage, fast withdrawal processing and a wide range of trading instruments covering forex, stocks, indices, commodities, energies and cryptocurrencies. The broker operates through multiple regulated entities across different jurisdictions, with the exact level of leverage, investor protection and available services depending on the entity serving the client.

Account types
2
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Standard: $0 Pro: $0 Zero: From $0.05 per side/lot Raw Spread: Up to $3.50 per side/lot
Swap-free
Not available
Markets
  • Forex
  • Stocks
  • Crypto
  • Indices
  • Commodities
05

Hantec Markets

Hantec Markets is a globally regulated forex and CFD broker offering low spreads, advanced platforms, and a low minimum deposit. Ideal for traders looking for reliability, transparency, and efficient trade execution.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.1 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed
06

TradingPro

TradingPro is a multi-asset broker offering access to forex, indices, precious metals, oil, cryptocurrencies, and equities, with support for MetaTrader 4, MetaTrader 5, and cTrader platforms.

Account types
Not disclosed
Support
Multilingual support primarily offering English and Malay.
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
07

M4Markets

M4Markets is a global Forex and CFD broker offering trading on forex, commodities, indices, shares, and cryptocurrencies through MT4, MT5, and cTrader platforms. The broker is known for competitive spreads, high leverage options, fast execution, and multiple regulatory licenses.

Account types
Not disclosed
Support
Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed
08

FP Markets

FP Markets is a trusted global forex and CFD broker founded in 2005 in Australia. Regulated by ASIC and CySEC, it offers secure trading with over 10,000 instruments, including forex, stocks, commodities, and crypto. The broker provides ECN pricing with spreads from 0.0 pips, leverage up to 1:500, and supports MT4, MT5, cTrader, TradingView, and IRESS platforms. With a low $100 minimum deposit, fast execution, and 24/7 support, FP Markets is ideal for traders seeking low-cost, multi-platform trading under strong regulation.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
09

Vantage

Vantage Markets is a multi-asset CFD broker founded in 2009, offering access to over 1,000 instruments including forex, indices, commodities, shares, ETFs, and bonds. Regulated in multiple jurisdictions, it provides competitive spreads starting from 0.0 pips, leverage up to 1:500, and platforms like MetaTrader 4/5, with support for social/copy trading and educational resources.

Account types
Not disclosed
Support
24/7, Live Chat, Phone, Email
Spread
0.0 pips
Commission
Not disclosed
Swap-free
Not available
Markets
Not disclosed
10

HYCM Capital Markets

HYCM Capital Markets is a well-established and globally regulated broker that provides trading services in forex and CFDs across a wide range of markets, including commodities, indices, and stocks. With decades of industry experience, it offers reliable trading through popular platforms like MT4 and MT5, making it suitable for both beginner and experienced traders seeking a stable and compliant trading environment.

Account types
15
Support
Live Chat, Phone, Email
Spread
0.1 pips
Commission
Not disclosed
Swap-free
Available Islamic account
Markets
Not disclosed

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MultiBank Group offers access to international financial markets through its network of operating entities, but availability for Indian residents must be confirmed before registration. Indian traders should carefully review the applicable legal entity, permitted financial products, local foreign-exchange regulations, funding restrictions, and withdrawal conditions. Verify the relevant requirements and eligibility before depositing funds.

Everything on BrokersCourt is based on verified broker data and independent research. We may receive compensation from brokers we feature, which never affects how they are scored. Trading forex and CFDs carries significant risk of loss.