When it comes to Forex trading platforms in India, the platforms typically offer access to currency futures and options via the NSE (National Stock Exchange) or MCX-SX. Since Forex trading in the form of spot trading (directly buying and selling foreign currencies) is not allowed in India, you’ll primarily engage with currency derivatives.

Here are some of the best Forex trading platforms that cater to Indian traders:

1. Zerodha Kite

• Overview: Zerodha is one of the leading stock brokers in India and offers Kite, which is an intuitive and user-friendly trading platform. It allows trading in currency derivatives (like USD/INR, EUR/INR, and GBP/INR) on NSE and MCX-SX.
• Key Features:
  • Simple interface: Easy to use, especially for beginners.
  • Advanced charting: Offers various chart types and technical indicators.
  • Low brokerage: Zerodha is known for its low-cost trading.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on NSE.

2. Upstox Pro

• Overview: Upstox provides a robust trading platform called Upstox Pro, suitable for trading currency derivatives on the NSE and MCX-SX. It's known for its low brokerage and ease of use.
• Key Features:
  • Advanced charting and technical analysis: Offers detailed charting tools, indicators, and real-time data.
  • Multiple order types: Allows you to place market, limit, stop loss, and more.
  • Low-cost trading: Flat fee brokerage structure.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures, options, and commodities.

3. Angel One (Angel Broking)

• Overview: Angel One offers a trading platform with access to currency derivatives via Angel SpeedPro and the Angel One mobile app. It's popular for its research and customer support.
• Key Features:
  • User-friendly platform: Simplified design with all essential tools.
  • Educational tools: Offers market insights and research reports.
  • Low brokerage fees: Fixed commission structure for currency trades.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on NSE.

4. ICICI Direct

• Overview: ICICI Direct is one of the largest and most reputable brokerage firms in India. It provides access to currency derivatives through its trading platform, ICICI Direct.
• Key Features:
  • Research and analysis tools: Offers in-depth research reports and market analysis.
  • Multiple asset classes: Offers trading in stocks, commodities, and currencies.
  • Easy-to-use platform: Suitable for beginners and experienced traders alike.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on NSE.

5. Kotak Securities

• Overview: Kotak Securities offers an integrated trading platform for equity and currency derivatives, with a special focus on Indian market conditions.
• Key Features:
  • Integrated trading: Single platform for trading equity, commodity, and currency futures.
  • Advanced charting tools: Good for technical analysis.
  • Research and advisory: Provides access to stock tips and research reports.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on NSE.

6. Fyers Markets

• Overview: Fyers is an Indian brokerage that offers an advanced and user-friendly platform for currency trading in currency futures and options via the NSE.
• Key Features:
  • Free market data: Real-time market data is available without extra cost.
  • Robust trading platform: Fyers offers a smooth trading experience with advanced charting and order types.
  • Low brokerage charges: Competitive fees for traders.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on NSE.

7. 5paisa

• Overview: 5paisa is a discount broker in India, and its platform is ideal for traders looking to trade currency derivatives at low cost.
• Key Features:
  • Flat fee brokerage model: Low-cost trades.
  • Access to multiple markets: Provides currency, equity, and commodity trading.
  • Easy-to-use platform: Provides the ability to trade and access research on the same platform.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on NSE.

8. AvaTrade

• Overview: AvaTrade is an international Forex broker that provides trading in currency derivatives and offers access to global Forex markets. While it is not a purely Indian broker, Indian traders can access it via regulated platforms for currency futures.
• Key Features:
  • Multiple platforms: Offers MetaTrader 4, AvaTradeGO, and WebTrader.
  • Global access: Offers trading in Forex, stocks, and commodities globally.
  • Educational resources: Extensive educational materials for beginners.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options on international markets.

9. Interactive Brokers

• Overview: Interactive Brokers is a well-known international broker that provides access to Forex markets and offers currency futures and options for Indian traders through regulated exchanges.
• Key Features:
  • Low commissions and spreads: Offers competitive pricing on Forex and derivatives.
  • Advanced tools and platforms: Includes MetaTrader 4/5, Trader Workstation (TWS), and more.
  • Global reach: Access to multiple markets, including Indian exchanges for currency derivatives.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures on NSE and other international markets.

10. MetaTrader 4/5 (via Indian Brokers)

• Overview: MetaTrader 4 and 5 (MT4/MT5) are some of the most popular trading platforms globally, and many Indian brokers (like ICICI Direct, Zerodha, and others) offer access to these platforms for trading currency futures and options.
• Key Features:
  • Customizable charting tools: MT4/5 is known for advanced charting and indicators.
  • Automated trading: Supports algorithmic trading through Expert Advisors (EAs).
  • Wide range of tools: A variety of technical indicators, tools, and scripts.
• Supported Devices: Web, desktop, and mobile.
• Available for: Currency futures and options.