The specialists in Traders Union’s research and analytics department evaluated the activities of brokers providing online services for trading Forex instruments in India. All applicants for the title of Best Brokerage Company have been verified by 107 proprietary criteria, and only ten of them made it to the Top Brokers in India 2021 ranking.

Top 10 brokers with good terms for Forex traders from India

The Top 10 of the best Indian brokers include companies that adapted to the local traders’ requests. When compiling the rating, specialists estimated the service quality level, the license availability, and reputation along with the trading terms offered by the platforms. 

According to Traders Union analysts, the best brokers in India are:

1. eToro. The company`s clients trade with tight spreads from 0.1 pips and can copy trades of experienced traders through the CopyTrader proprietary platform. The broker’s regulators are ASIC, CySEC, and FCA.
2. IC Markets. This brokerage company offers spreads from 0.0 pips and leverage up to 1:500. The minimum deposit is $200. The minimum deposit is $200.
3. Angel Broking. This broker focuses on trading and investing, and is regulated by BSE, NSE, MCX, MSEI, and NCDEX. It allows you to enter the market with $10 in your account.
4. FXTM. The company is supervised by four regulators: CySEC, FSCA, FCA, and FSC. The minimum deposit is $10, and spreads are from 0.0 pips.
5. FBS. This is an IFSC controlled broker that has no initial investment requirements. It provides clients with several types of accounts, including those with zero spreads. 
6. Interactive Brokers. The company offers CFDs and securities trading with a deposit of $1 or more. It operates under FCA and SEC licenses and is a FINRA member. 
7. IG Markets. An FCA-regulated broker that allows you to trade Forex instruments, as well as assets of the stock and commodity markets with a deposit of $450 or more.
8. OctaFx. The company is supervised by CySEC. It has leverage up to 1:500 and tight market spreads for currency pairs. The minimum deposit is $100. 
9. CMC Markets. You need just $1 on your account to start trading with this broker. Clients have access to margin trading and a wide range of assets. The company is supervised by the FCA Department.
10. Admiral Markets. This is a reliable broker that is well-known all over the world. Offers spread from 0.0 pips and a variety of trading accounts. Its activities are regulated by FCA, ASIC, EFSA, and CySEC. 

Indian brokers rating by objective criteria

The experts at Traders Union have created four lists of brokers according to certain parameters to help Indian traders choose an intermediary on Forex. They are published on the top companies rating summary page. 

You can study the lists of the best brokers that:

• offer the most favorable terms for investors;
• provide the most comfortable start for novice traders;
• accept payments through local banks;
• is located in India;

Also, the rating page provides a comparative table that displays data on the availability of more than one representative office in India for the Top 10 companies and support for payment transactions in local currency. Here you can also read clients’ reviews who trade with brokers from the lists presented on the page.

Indian brokers rated by analysts of the Traders Union 

Brokerage companies have been audited using 107 criteria.

Category	Number of Criteria Applied
Economic characteristics	18
Convenience and safety for customers	27
Financial performance	22
Service level	23
Reputation	17

Financial experts from the Best India Forex Brokers Rating based on the data obtained.

Why should a trader register with Traders Union

Since 2010, Traders Union has been providing information and legal support to its members, as well as paying rebates — compensation for trading spreads or commissions. As of May 2021, the Union unites over 300,000 traders, and the payment amount exceeds $5 million.