If you are a new trader looking for the best broker for Forex trading in India, or even if you are a seasoned pro looking to switch to a better platform, then you are spoilt for choice. With hundreds of international Forex brokers in India, it’s important that you understand what makes a broker a great one before making your choice.
Thankfully, it really isn’t too difficult to separate genuine Forex brokers in India from the rest, and with a few simple pointers, you will be able to make the right choice and find the one that is best suited to meet all your trading needs
Trusted forex broker in india
The first thing you need to do when assessing a Forex broker, is to find out if the broker is operating within a regulatory framework. Only regulated Forex brokers in India are monitored and audited on how they handle your money and personal data, and to ensure that they always operate within international standards This is especially important when it comes to choosing a trusted Forex broker in India as new traders here are often the targets of scam sites which promise attractive bonuses or rates.
For total peace of mind, you can always trust Forex4you, the no 1 Forex broker in India. Forex4you is a regulated and trusted Forex broker that is regulated by the FSC in the British Virgin Islands. And what this means, is that you can rest assured that the broker is operating under the guidelines of the Securities and Investment Business Act.
Furthermore, what sets genuine Forex brokers in India apart from a potentially fraudulent one, is that they must provide a proven trading platform for their clients to trade on. As the trading platform is the main point of interaction for you, it should be easy to navigate and user-friendly, and allow you to to perform most of your trading activities without hassle. The trading platform you choose should also be stable and contain a wide range of trading tools and information to help you make the right trading decisions at the right time.
Which Platforms should You Choose
While there are several options, a trusted Forex broker in India such as Forex4you will offer the industry-leading MetaTrader 4 trading platform. This proven platform is also the most popular Forex trading in India and has been adopted by many of the top international Forex brokers in India as it is not only highly stable, but also comes with a broad range of powerful trading tools, such as an advanced charting package and a large library of technical indicators. If you wish to trade on an automated basis, the MT4 trading platform also supports Expert Advisors (EAs), allowing you to leverage on programming scripts to execute your trading decisions within a defined set of trading parameters.
What’s more, Forex4you also offers greater flexibility to suit your individual needs through the Forex4you proprietary trading platform. Available across a WebTrader, a Desktop platform as well as a mobile-friendly platform for those who wish to trade from their smartphones, you can be assured that you are never limited to how, and where you trade.
Competitive Trading Conditions
If you want to optimize your profit potential, then your trading costs must be kept to a minimum. This means that you should always choose a Forex broker that offers the lowest possible spreads as well as the highest leverage you feel comfortable with. The best brokers for Forex in India will offer more competitive spreads which will allow you to keep your trading cost as low as possible. You should also look out for those which provide a high leveraging ratio, which will allow you to maximize your profit potential with your limited trading capital (be warned though, as this can also come with heightened risk).
For example, the best broker for Forex trading in India like Forex4you ensures that its clients’ interests are well looked after by offering competitive spreads as low as 0.1 pip and with leverage as high as 1:2000.
Timely Trade Execution
Another important quality to consider when the time comes to choose your broker, is to scrutinize how quickly and consistently your trading decisions can be executed. Under the usual trading conditions, whenever you click “BUY” or “SELL” on the trading platform, the best broker for Forex in India must be able to fill your trading orders at the market price displayed (or as close as possible to that price) the moment you execute your trading decisions.
Every second counts when it comes to trading as that few pips difference in price can mean the difference between a win or loss on a trade. As such, the speed at which a trade can be filled is exceptionally critical in the Forex market. This is why the top traders prefer proven brokers such as Forex4you which offers near-instant trade execution speeds.
Other than trading responsiveness, another feature that the best broker for Forex in India possesses is the types of trading accounts they offer. As there are always a spectrum of traders with differing levels of trading experience, having several types of trading accounts to choose from can play a big part in the trading game. For example, Forex4you offers 4 different types of trading accounts to cater to your individual trading needs.
There’s the Cent account, which allows you to trade with a minimum lot size of 0.01 lot with no minimum deposit requirement. This means that you can start trading immediately with a deposit of as low as USD10, making this type of trading account ideal for those of you who have just started out trading.
Conveniently, Forex4you also offers Shariah-compliant swap-free accounts for Muslim traders who are based in India. With these swap-free accounts, Muslim traders do not have to worry about incurring or earning interest on their trading activities.
Finally, always ensure that your trading broker allows you to make deposits and withdrawals instantly without unnecessarily tying it up for prolonged periods of time. This is one aspect that makes Forex4you the no 1 Forex broker in India as it has been praised for its quick and responsive transaction speeds.
A World-class Customer Support
Most importantly, always choose a Forex broker that truly values you. As one of the top regulated Forex brokers in India, Forex4you takes great pride in providing every customer with world-class customer support around the clock. Regardless of what issue you may encounter, you will always be able to get in touch with a friendly Forex4you customer-service officer to quickly resolve them. So, always ensure that your chosen broker is committed to providing 24/7 support with a toll-free number to call, live chat and email and you can rest assured that there’s always a way to reach out for help whenever a problem arises.
Best broker for forex in india
Last, but not least, another sign of a great trading broker is its commitment to helping you grow as a trader by providing educational resources. Forex brokers such as Forex4you always offer such valuable resources to guide and nurture you throughout every phase of your trading journey.
So, if you are a beginner in trading, then the best choice to start out with is with Forex4you. With Forex4you, you can always expect great customer support to help guide you along your trading career. With no minimum deposits required before you can start trading and the choice of opening a “Cent”-based trading account, no customer is ever too “small” for us.
Sign up for a trading account with the top forex broker in India, and start trading with Forex4you today.
Forex Trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.