Avatrade Go is the one-stop shop for all your trading needs as Avatrade allows you to trade in over 1, instruments such as currencies, cryptos , equities, and currencies. The deposit options are credit cards, wire transfers, Skrill, Webmoney, and Neteller.

The app has real-time charts with various technical tools like Pivots, MACD, and RSI to clearly understand market movements. You can also engage in social trading to follow expert traders globally and use their strategies to make a profit if you are a newcomer.

Avatrade offers leverage of up to in trading. You have to pay a nominal fee to avail AvaProtect feature, and if you lose money during trade in the set timeframe, AvaTrade reimburses you for losing trades at the end of the protected period. Best for — high volume traders for advanced charting and Avaprotect to avoid money loss. Also read — Best demat and trading account in India. You follow an expert trader through the app, and when your followed expert trader trades, the eToro app automatically copies the trading strategy and executes similar trade.

You can customize your Watchlists and set volatility alerts to know the breaking trends instantly. iForex allows you to trade in plus CFDs such as forex, stocks, commodities, and indices around the world. A CFD Contract for Difference allows traders to trade on the future price movements of an underlying asset without owning that asset. For example, you can trade USD and INR currency movements such that the future price of USD will go up or down as compared to INR.

If your calculation goes right, you book profit. The app is fast and user-friendly to provide you all your investing details like currencies, stocks, or cryptos on the dashboard. You can use 1-click quick deal facility to instantly trade from the dashboard. You can use Economic Calendar and Trading Signals for detailed analysis of market movements in the past and present. iForex is highly dedicated to provide top-notch trading education. You can also learn from the support team and even get 1 on 1 online session to understand forex trading.

Check out — Upstox brokerage charges details. You can trade in 40 plus currency pairs in global forex markets. The app offers various technical tools including MA, BOLL, MIKE, BBI, and indicators of MACD, KDJ, RSI, CCI, KD to get a better analysis of price movements. Best for — who wants deep analysis of the live market as well as personal performance. Check out — Best crypto exchanges in India.

The app has a very low delay time of 14 milliseconds that enables you to place an order at the right moment with rare chances of error. Check out — Upstox Vs Zerodha. FXTM app comes with an intuitive user interface that allows you to access details on trades, margin, profit, and loss right from your dashboard. You can also trade in more than financial instruments online like stocks, gold, commodities, and indices from your smartphone. Best for — new trader with a small amount and who also requires learning platform.

XM Global is a high-speed app based on MetaTrader 5 platform that allows you to trade in multiple assets such as forex, stocks, commodities, metals, energy, and indices, from your mobile phone. In forex, you can trade in more than 55 currency pairs and analyze the data with 24 analytical objects such as lines, channels, Gann, Fibonacci, and Elliott tools.

You can enjoy high leverage in forex trading up to XM also offers a low spread commission of 0. dollar and are looking at it as an investment. Either way, you pay for the euros with your U. dollars and agree to exchange the dollars you have for the euros at a specific price the price can be quoted either in euros per dollar, or dollars per euro.

Such a trade can result either in a profit, loss, or break-even, depending on the price when you exit the trade and any fees incurred. Commonly traded forex pairs include the euro and U. Forex trading is mostly decentralized, though it does take place on regulated exchanges. In most developed countries forex brokers must hold proper licenses with financial market regulators, to help ensure compliance with local laws and regulations.

As with most forms of trading or investing, forex carries risk. This includes the broker's integrity and reliability, but also its level of capitalization and its financial capability to protect itself and the money they hold on your behalf, especially in the extraordinary event of a market anomaly. To trade forex as a resident of India, you will either be working with a SEBI-regulated broker that offers exchange-traded currency derivatives or with a foreign broker preferably regulated and trustworthy that offers retail forex from a margin account.

IG is our top pick for Indian citizens who are looking for a forex broker that offers forex and CFDs, and also accepts residents of India as clients. If you specifically want a broker that is also regulated in India, Interactive Brokers is a top contender, as it is a member of the National Stock Exchange, Bombay Stock Exchange and the Securities Exchange Board of India, or SEBI. However, due to regulatory restrictions, Interactive Brokers does not offer forex or CFDs in India.

If your interests lie in stock trading, Interactive Brokers remains an excellent choice due to its access to local stock exchanges in India and 90 international markets, including bonds, stocks and ETFs including some forex-related exchange-traded products, such as listed currency derivatives.

All of these brokers provide mobile trading apps that feature advanced charting, a rich variety of sophisticated trading tools, and an easy-to-use platform: IG - IG Trading mobile app, IG Academy.

Saxo Bank - SaxoTraderGo mobile app. Interactive Brokers - IBKR mobile app and Impact app. com - FOREX. com mobile app. AvaTrade - AvaTradeGo mobile app and AvaOptions mobile app. IC Markets - MT4, MT5 and cTrader mobile apps. com - Capital. com mobile app, Investmate app, and MT4. smartphone Pro tip:. Like to trade forex on the go?

Though Zerodha is regulated in India, it only offers currency derivatives including forex futures and options on currency futures that are listed on regional exchanges such as the NSE and BSE. Like most brokers that are regulated in India, Zerodha does not currently offer traditional spot forex trading from a margin account. That said, Zerodha and internationally regulated brokers such as Interactive Brokers do offer currency derivatives on the NSE in India, including futures and options on the following pairs for cross currencies — including pairs that contain the Indian Rupee INR :.

OctaFX is not a SEBI-regulated broker, and the brand has attracted attention locally after sponsoring the IPL Cricket Team in Delhi in , and appearing on the Financial Conduct Authority FCA RBI alert list alongside other popular brokers — many of which are regulated in countries outside of India. The RBI's latest alert list was updated to include numerous international brokers, some of which are highly regulated, and some that may lack regulatory licenses of any kind. The Reserve Bank of India RBI periodically puts out Financial Conduct Authority FCA warnings to the public about foreign brokers that are not regulated in India by the SEBI.

According to the RBI, the list identifies entities that are not authorized to to operate electronic trading platforms under the Electronic Trading Platforms Reserve Bank Directions, , or to deal in forex under the Foreign Exchange Management Act, FEMA. According to the research we conducted for our full-length review of OctaFX, OctaFX is considered a high-risk broker with a Trust Score of 67 out of Was this helpful?

Yes or No. For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research. Each broker was graded on different variables, including our proprietary Trust Score algorithm.

This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U. as a Commodity Trading Advisor CTA. John Bringans is the Senior Editor of ForexBrokers. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.

An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

People find smartphones more convenient to use for mostly routine work like online shopping, OTT platforms, mobile banking, online meetings, investment and trading. In this article, we have reviewed 10 best forex trading apps in India that will help you invest in global forex markets. Disclaimer — The article is for informative purposes only.

You can legally trade only in INR-based currency pairs on NSE, BSE, and MSE in India. Forex trading is subject to very high price volatility. IQ Option comes with negative balance protection to restrict your loss to initial deposits. That means whenever you are losing money, the app will automatically hedge your funds to avoid your balance going negative. You can also invest in stocks and commodities. IQ Option provides 2 options to Indian users for easy money deposit — UPI and Rupay.

Avatrade Go is the one-stop shop for all your trading needs as Avatrade allows you to trade in over 1, instruments such as currencies, cryptos , equities, and currencies.

The deposit options are credit cards, wire transfers, Skrill, Webmoney, and Neteller. The app has real-time charts with various technical tools like Pivots, MACD, and RSI to clearly understand market movements. You can also engage in social trading to follow expert traders globally and use their strategies to make a profit if you are a newcomer.

Avatrade offers leverage of up to in trading. You have to pay a nominal fee to avail AvaProtect feature, and if you lose money during trade in the set timeframe, AvaTrade reimburses you for losing trades at the end of the protected period. Best for — high volume traders for advanced charting and Avaprotect to avoid money loss. Also read — Best demat and trading account in India. You follow an expert trader through the app, and when your followed expert trader trades, the eToro app automatically copies the trading strategy and executes similar trade.

You can customize your Watchlists and set volatility alerts to know the breaking trends instantly. iForex allows you to trade in plus CFDs such as forex, stocks, commodities, and indices around the world.

A CFD Contract for Difference allows traders to trade on the future price movements of an underlying asset without owning that asset. For example, you can trade USD and INR currency movements such that the future price of USD will go up or down as compared to INR.

If your calculation goes right, you book profit. The app is fast and user-friendly to provide you all your investing details like currencies, stocks, or cryptos on the dashboard. You can use 1-click quick deal facility to instantly trade from the dashboard.

You can use Economic Calendar and Trading Signals for detailed analysis of market movements in the past and present. iForex is highly dedicated to provide top-notch trading education. You can also learn from the support team and even get 1 on 1 online session to understand forex trading. Check out — Upstox brokerage charges details. You can trade in 40 plus currency pairs in global forex markets. The app offers various technical tools including MA, BOLL, MIKE, BBI, and indicators of MACD, KDJ, RSI, CCI, KD to get a better analysis of price movements.

Best for — who wants deep analysis of the live market as well as personal performance. Check out — Best crypto exchanges in India. The app has a very low delay time of 14 milliseconds that enables you to place an order at the right moment with rare chances of error. Check out — Upstox Vs Zerodha. FXTM app comes with an intuitive user interface that allows you to access details on trades, margin, profit, and loss right from your dashboard.

You can also trade in more than financial instruments online like stocks, gold, commodities, and indices from your smartphone. Best for — new trader with a small amount and who also requires learning platform. XM Global is a high-speed app based on MetaTrader 5 platform that allows you to trade in multiple assets such as forex, stocks, commodities, metals, energy, and indices, from your mobile phone. In forex, you can trade in more than 55 currency pairs and analyze the data with 24 analytical objects such as lines, channels, Gann, Fibonacci, and Elliott tools.

You can enjoy high leverage in forex trading up to XM also offers a low spread commission of 0. A PIP is the amount of change in the exchange rate for a currency pair. Your profit and loss is measured in PIPs during currency trading. You will see the app developer name as Trading Point of Financial Instruments Limited Not XM Global because XM Global Limited is a part of Trading Point Group. OlympTrade app allows you to invest in currencies, metals, commodities, stocks, and ETFs on the go.

You can trade in 33 currency pairs and get leverage of on your trades. com app allows you to trade in more than 90 currency pairs, along with plus shares and other assets such as indices and commodities.

The app enables you to overlay multiple markets on every single chart to find correlations. Overlay feature allows you to open multiple charts to check the performance of any currency pair in different markets.

Also read — Zerodha Complete Review. You should look at the operating system compatibility of any forex trading app before installing. User rating will tell you that whether the app is popular among people or not. The reviews give you a real-life testing report of the app. You understand what common problems people face and if that is your major concern or not.

For example, if most people complain about App hangs during order placement, that means this app has bugs and you can avoid that app. You should also check out how much commission an app is charging. Some apps charge zero commission depending upon the platform. For example, FX Pro charges zero commission if you create an account in MT4 or MT5 platform.

Technical indicators help you understand the market trends and you can predict the price movement based on various chart analysis. More number of technical indicators means you have more options to try to get as much price predictions as possible. If you are a newcomer and want to learn forex trading as well as want to do paper trading, then go with iForex , because iForex provides you an easy-to-use dashboard, a virtual platform to learn your trading, and 1-on-1 coaching to teach you forex trading.

If you are an experienced trader, then go with AVATrade Go because they offer a high-performance app with the AvaProtect feature to avoid any major losses when trading at high volume. Save my name, email, and website in this browser for the next time I comment.

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More number of technical indicators means you have more options to try to get as much price predictions as possible. Best for — who wants deep analysis of the live market as well as personal performance. Each broker was graded on different variables, including our proprietary Trust Score algorithm. You understand what common problems people face and if that is your major concern or not. We currently rank SEBI as a Tier 2 Jurisdiction.

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