Foreign exchange market is commonly referred to as Forex and it mainly deals with trading of currencies. Large international banks are the main customers to avail this service. With the increase in the familiarity and use of forex many companies have established to offer this brokering and distribution services to the customers. Among many types of trading Electronic Broking Services (EBS) and Reuters 3000 Extra are two main interbank FX trading platforms that determine the values of different currencies.
Following are the list of Best Forex Brokers In India that have been leading and top rated in trading business.
5. Forex Capital Markets:
It is commonly called as FXCM that was established in the year 1999.It is a US based online Foreign exchange market broker that operates through third party platforms such as MetaTrader 4. It offers best trading services with free trading signals and no dealing desk forex execution. FXCM has received many prestigious awards for its services and offers mobile and web based services for the easy access of the clients. It holds its presence in many international countries and even listed in NASDAQ.
4. NordFX:
It deals with the trading services and has been consistently ranked among the best forex trading companies in India. It offers best trading services to the clients with minimal deposit, fixed spreads and minimal lot of 0.01. It is committed to offer the best trading services to the customers with many advantages that make the customers feel comfortable, convenient, effective and easy. It holds 3 types of trading accounts “Micro”, “Standard” and “MT-ECN” and deals with 28 currency pairs in Forex and CFD. It also offers mobile trading via MTS mobile for PDA and smart phone as well.
3. Lite Forex:
It is one of the leading trading companies in India that deals with trading of the foreign exchange currencies. It is an American multinational company and has presence in many different countries globally. It holds trading instruments like CFD, CFD_RU, currency, precious metals, indices LF, world Indices and oils. It had received many prestigious awards for its services including “Best client service in Latin America” and “Best broker in Africa” as well. It operates through 5 trading servers and offers bonus programs and contests with real prizes.
2. eToro:
It is a UK based social investment company that was established in 2007. It deals with the trading of online financial services such as currencies, commodities, indices and stocks through its own electronic trading platform so that it can record and place trades for its users. It holds its presence in many countries and offers the users to follow or copy the trade. It performs the trading action by interacting with the third party broker systems through API. It allows the user to invest in an easy manner and allows driving into the world of global companies. Even it had launched Stock CFDs and presently it includes more than 100 products for trading.
1.Fx pro:
It is a UK based online trading company that was established in the year 2006. It is involved in brokering of contracts for difference (CFD) on foreign exchange (FX), shares, futures and precious metals. It was granted regulation and licensing by the UK’s Financial Services Authority and offers best trading with no conflicts. It offers online trading under categories like FxPro MT4 Trading, FxPro ECN Trading and FxPro Algorithmic Trading. Even it offers benefits from negative balance protection to the clients along with the client insurance by Financial Compensation Scheme (FSCS) and Investor’s Compensation Fund (ICF).
