In India, forex trading is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Several forex brokers offer services to Indian traders, providing access to currency pairs, commodities, and other financial instruments. Here are some of the top forex brokers in India:

1. ICICI Direct

• Regulation: SEBI (Securities and Exchange Board of India)
• Features:
  • Access to forex trading via the ICICI Direct platform.
  • Offers both online trading and research tools.
  • Supports multiple currencies.
  • Strong reputation in the Indian market for security and ease of use.

2. Zerodha

• Regulation: SEBI
• Features:
  • Popular among Indian traders for low-cost trading.
  • User-friendly interface with tools for market analysis.
  • Provides access to forex and currency trading via the Kite platform.
  • Known for transparent pricing and low brokerage fees.

3. HDFC Securities

• Regulation: SEBI
• Features:
  • Offers a variety of forex pairs and derivatives.
  • Reliable trading platform and mobile apps.
  • Offers robust research and technical analysis tools.

4. Upstox

• Regulation: SEBI
• Features:
  • Offers low brokerage rates for forex trading.
  • Provides a seamless trading experience across multiple devices.
  • Strong customer support and educational resources for traders.

5. Saxo Bank

• Regulation: SEBI (through its partnership with a local Indian entity)
• Features:
  • Offers a wide range of forex pairs and CFDs.
  • Advanced trading platform (SaxoTraderGO) with a strong focus on analytics and research.
  • High-quality market data and tools for professional traders.

6. Exness

• Regulation: SEBI
• Features:
  • Offers competitive spreads and a wide range of currency pairs.
  • Advanced platforms for both beginners and experienced traders.
  • Multiple funding options for Indian traders.
  • Strong support and educational content.

7. OctaFX

• Regulation: SEBI
• Features:
  • Offers a broad selection of forex pairs, including exotic pairs.
  • Tight spreads, reliable execution, and low deposit requirements.
  • Provides mobile trading apps and educational materials.

8. FXTM (ForexTime)

• Regulation: SEBI (through a local partnership)
• Features:
  • Offers a variety of account types and trading instruments.
  • Advanced platform and tools for experienced traders.
  • Strong customer support and a good reputation in the global forex market.

9. Alpari

• Regulation: SEBI (via a local partner)
• Features:
  • A long-standing name in forex trading globally.
  • Offers competitive spreads and leverage options.
  • Easy-to-use platform and educational resources for beginners.

10. Aditya Birla Money

• Regulation: SEBI
• Features:
  • A reliable option for forex trading with good customer support.
  • Offers forex trading along with stocks and commodities on a single platform.
  • Trusted broker with low fees and multiple trading options.

Things to Consider When Choosing a Forex Broker in India:

• Regulation: Ensure the broker is regulated by SEBI or a reputable regulatory body.
• Trading Platform: Look for user-friendly platforms with advanced tools and analysis.
• Leverage and Spreads: Check for competitive leverage ratios and low spreads.
• Support and Education: Ensure there is strong customer support and educational resources to help you learn.
• Security: Verify that the broker offers strong security for funds and personal data.

These brokers are some of the top choices for forex trading in India, and many of them offer access to global currency markets and tools suitable for both beginners and experienced traders.