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@alxter We tested and reviewed 5 forex brokers serving Indian Forex traders by opening live accounts, depositing real money, and placing real trades to identify the best forex brokers. We wanted to accurately assess the actual spreads, commissions, trading platforms, deposit and withdrawal conditions, trader education, and customer service provided by each broker. Selecting the best company for forex trading involves considering various factors to ensure a well-rounded and reliable trading experience. Find the methodology Forbes Advisor India uses to evaluate and choose the right forex trading company: Best Forex Brokers 2024Best Forex Brokers BeginnersBest Crypto Brokers 2024 The legal limitations imposed by the RBI and the SEBI are one of the most important and disruptive issues facing forex traders. Indian citizens are not permitted to trade in foreign exchange markets unless they are doing it for particular, authorized purposes, such as travel, education, or business, according to the RBI. Additionally, the SEBI controls forex brokers operating in India and restricts their ability to offer trading in all but the USD INR, EUR INR, GBP INR, and JPY INR currency pairs. This means that traders from India are unable to access the foreign exchange market and deal in other common or uncommon currency pairs.
