Fx, foreign exchange or the forex market is the world’s most liquid and largest financial market. We are here to guide you and explain the fx market, where the exchange of currencies (e.g. USD, EUR, bitcoins) takes place.

Latest Analysis

Higher yield surge sees stocks plunge and the US Dollar rebound

Macroeconomic/ geopolitical developments Although a relatively quiet week for global financial markets from a macroeconomic and geopolitical perspective, the price… Continued

Positives on the US Dollar

Positives on the US Dollar Index (DXY forecast)Major negatives posted for Euro, Pound, Aussie, Kiwi and Canadian Dollar versus  the… Continued

Stocks grind higher; US Dollar trying to turn back positive

Macroeconomic/ geopolitical developments An extremely quiet week, with no significant central bank activity, no notable macroeconomic data releases and with… Continued

Currency Converter

Top Brokers in India

Broker Pros Features  
Founded: 1999 Reg: FCA, AS...
HQ: UK...
4.5/5
90/100

- Enhanced Execution and quality pricing.
- Award-winning trading platform – Trading Station Web/Desktop/Mobile
- Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more
- More than 20 Years of experience in Online Trading Services - Leading Provider

Min. Deposit: £300, $50 For ZA and AU
Pairs Offered: 50+
Leverage: 1:30 (LTD), Up to 400:1 FX and 200:1 CFD (ZA/AU/MARKETS)
Withdrawal Process Time: Depends on Credit Card Issuer. Bank Wire two business days
Trust Score: 90/100
Founded: 2014 Reg: FMA, FS...
HQ: New Zea...
4.5/5
90/100

- 1:500 leverage
- Multi award-winning New Zealand broker
- Institutional-grade spreads from 0.0 pips

Min. Deposit: $200
Pairs Offered: 300+
Leverage: 1:500
Withdrawal Process Time: Within 24hrs
Trust Score: 90/100
Founded: 2011 Reg: FCA, Cy...
HQ: Cyprus...
4.6/5
92/100

- Well Regulated.
- PAMM accounts.
- Tight spreads.
- Quick withdrawals.
- Low min. deposit.

Min. Deposit: $5
Leverage: Up to 1:30 for EU (unless pro) / Up to 1:1000 for non EU
Withdrawal Process Time: Same business day
Trust Score: 92/100
Founded: Reg: CySEC, ...
HQ: Cyprus...
4.3/5
85/100

- Free demo account
- Fast deposit option
- Own mobile trading platform
- Application for accounts management

Min. Deposit: 1 USD, 1 EUR
Leverage: Up to 1:500

Trust Score: 85/100
Founded: 2016 Reg: ASIC, C...
HQ: Austral...
4.5/5
90/100

- Tight Spreads
- Welcome bonus
- Customized IB structure

Min. Deposit: $200
Pairs Offered: 167
Leverage: 500:1
Withdrawal Process Time: 1-3 Business Days
Trust Score: 90/100
Founded: 2020 Reg: FCA, FS...
HQ: UK...
4.5/5
90/100

- Tight, fixed spreads (CoreTrader2 only)
- Regulated by FCA, ASIC, FSCA and SCB
- Loyalty Scheme
- Easy-to-use trading platform

Min. Deposit: $0
Pairs Offered: 26+
Leverage: 1:30
Withdrawal Process Time: 2-5 business days
Trust Score: 90/100

What is FX Explained and why are you here?

  • Are you from India and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of forex trading in India?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing the best broker in India?

FX Explained India is here to help and guide you.

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing. Originally we successfully helped UK and Malaysian traders and now we aim to help all traders in India as well. Today it is legal to trade certain INR-based currency pairs in India. Laws and regulations have been set in place by Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to ensure the safety of traders from India. According to these laws you can trade the following four currency pairs USDINR, EURINR, GBPINR and JPYINR with the Indian Exchanges NSE, BSE and MCX. However, most Indian traders choose to deposit money through an electronic wallet service such as PayPal or Neteller to a foreign regulated forex broker. As long as the broker is regulated by one of the major regulatory bodies around the world these traders feel safe about their money and doesn’t care about their trading being illegal.

Whether you are a complete novice, or seasoned veteran, we believe that our high level of expertise and some knowledge about India, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in India.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick the best Broker for you when trading from India.
  • Provide timely updates on important FX developments (via email).

We welcome all traders from India to join the global FX Explained community and to help you become better traders! We don’t show you how to trade, we help you to become a Trader!

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