While the above mentioned parameters are important, the most important and potent weapon that every successful forex trader needs is - a trustworthy forex broker providing the best forex trading platform. Samco provides one of the best forex trading platforms in India. Before we analyse why Samco has the best forex trading platform in India, let us first understand:.
A forex broker is a person, or a company that provides a trading platform to forex traders for buying and selling currency pairs. A forex broker is also known as a currency trading broker or a retail forex broker. A traditional forex broker provides forex analysis, tips and research reports to the clients. They charge a high brokerage percentage for providing these services. Discount brokers, on the other hand, do not provide forex tips or analysis. They simply provide forex trading platforms to their clients.
Best Brokers in India 2021
Before we decode why Samco is the best forex broker and provides the best forex trading platform in India, let us see what to look for in a forex broker. As mentioned earlier, in India you can participate in the forex markets only via SEBI registered forex brokers. Apart from being mandated by law, best forex brokers also provide the following benefits:. Forex markets are complicated. It would be very easy for a novice investor to lose his entire capital on the very first trade. Good forex brokers publish research reports and provide on-call guidance to help their clients understand the forex market, what factors affect the currency prices and how to trade.
The forex markets change trends every other minute.
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Without technology, it would be impossible for an investor to track all the trends, indicators and decide his trading strategy. A good forex broker provides the client with the best technology and also helps him set up and track trends, indicators and formulate strategies. Leverages help you control big positions against a small capital base. You need to contact a broker and discuss your needs with him to find out which type of account fits you best.
An Indian Forex trader should naturally expect service in his native language or a dialect that is widely spoken in the area. If it is only in English, you better go somewhere else, because the broker probably came just to get, not to give. Online customer support is also something you would expect from a reliable broker.
A broker should be there to answer questions, solve issues, discuss problems and offer advice in a fast and effective manner. Slow customer service is a bad manner of business and you should stay away from such brokers. Extra services are also expected from a reliable broker. Regulated brokers will inform their customers about risks trading in the markets, offer various kinds of courses on a variety of financial topics, provide video lessons, post financial news feed on their website as well as economic calendar for all traders to see what fundamental factors can affect markets in the nearest future and etc.
As you may see there are a lot of things to be taken into consideration before you fund your real money account with some broker. When you find a broker who offers the best of what has been described in the article you will be able to trust him and trade your money with focus and confidence which will ultimately help you to make money. Crypto Hub. Economic News. Expand Your Knowledge. Forex Brokers Filter. Trading tools. Macro Hub. Best Brokers in India Advertising Disclosure Advertising Disclosure.
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FX Empire Editorial Board. At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. The brokers below represent the best brokers in India. Scroll for more details. Your capital is at risk. No dealing desk.
SEBI Forex Brokers
MT4, MT5. Sponsored Sponsored. Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash. Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients. Visit Broker Your capital is at risk. FP Markets Review. Wide range of trading platforms and trading tools available.
Excellent customer support and education tools. The volume of choice of markets and accounts may be overwhelming for beginner traders. FBS Review. Pros Cons Broker is regulated by CySEC and the IFSC Access to investor compensation in case of broker fraud Comprehensive trader education Good variety of research tools Low capital requirements for account opening Spreads are higher than many retail brokers Regulation of global brand is not as robust as the EU brand Leverage offered on global brand is too high careful risk management is a must.
Vincent and the Grenadines registered OctaFX.
India Forex Brokers 🥇 Top 10 Forex Brokers India()
Vantage FX Review. Pros: Cons: Commission-free trading available. Can trade from MetaTrader 4 and MetaTrader 5. Access up to leverage. Bonus and promotional trading offers. Segregated client funds held with National Australia Bank. No regulation from Europe or UK regulators. Top Brokers. Best Brokers. You can trade higher limits with a maximum leverage of and negative balance protection.
The Top 10 Tips for Forex Trading in India
New FX traders can explore the video tutorials and gainfully use the copy trading option to get started trading. The leverage available is up to times. In fixed time trading, you make forecasts as to whether the price of an asset will rise or fall over a certain period of time. You have the flexibility to choose the trade time and set the trade amount as per your trading convenience. FXTM is trusted by over 2 million individual traders worldwide.
You can trade currency pairs, CFDs, stocks, cryptocurrencies, precious metals and commodities. FXTM does not have its own trading platform but offers trading tools in combination with MT platforms.
The tools are — FXTM pivot point strategy and trading signals tools that aid your trading strategy. FXTM even supports bitcoin payment and crypto wallets. The CFDs are available on currency pairs, indices and commodities. XM has over 2.