![]() Registered Office: 502/A, Times Square, Andheri Kurla Road, Andheri East, Mumbai 400059, India. For example, here's the key disclosure text from Interactive Broker's website, To identify if a forex broker is authorised by the SEBI, the first step is to identify the registration number from the disclosure text at the bottom of the broker's homepage. The higher a broker's Trust Score, the better. ![]() Our data collection on each broker results in a ranking from 1 to 99 of the broker's overall trust. We currently rank SEBI as a Tier 2 Jurisdiction. Our Trust Score, a proprietary algorithm, ranks those regulatory agencies into three groups, with Tier 1 indicating the most stringent financial regulators and Tier 3 the least strict. Traders should always consider all licenses a broker may hold across its various global entities and brands. Here is our list of the best forex brokers in India:Ĭhoosing a regulated broker is crucial for avoiding forex scams, and the country where your broker is regulated is equally important. This exacting analysis of more than 100 variables includes our proprietary Trust Score (more on Trust Score below). To find the best forex brokers in India, we created a list of all brokers that accept new customers from India and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Between 74% and 89% of retail investor accounts lose money when trading CFDs. Read more about SEBI history on its Wikipedia page.ĬFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The SEBI was established in 1988 as a nonstatutory body and given powers with the SEBI Act 1992. The Securities and Exchange Board of India, or SEBI, is the financial regulatory body in India. However, due to restrictions on locally regulated financial institutions in India, the only way for local citizens to speculate in the forex market is to use a foreign broker - such as those on our list - that accepts clients who reside in India. Trading forex is increasingly popular in India, but it’s also heavily regulated, and the path to trading forex in India isn’t always straightforward.Īs a general rule, it's best to use a broker regulated in your country of residence.
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