Fusion Markets and top 10 forex brokers in India

Fusion Markets and top 10 forex brokers in India

Australian cheap FX broker Fusion Markets was established in 2010. It is governed by the Vanuatu Financial Services Commission and the Australian Securities and Investments Commission (ASIC) (VFSC).

Indian traders transact with Gleneagles Securities Pty Limited, a Fusion Markets legal entity subject to Vanuatu Financial Services Commission regulation (VFSC). Negative balance protection and investor protection are not available to customers trading with this firm.

CMC Markets

An international CFD and forex broker and is in Top 10 Forex Brokers in India, CMC Markets was established in 1989. Numerous authorities throughout the world control it, including the main German regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). A further level of regulatory scrutiny is added by the company’s listing on the London Stock Exchange.

Indian investors transact with CMC Markets, a company subject to BaFin regulation. Due to regulatory restrictions, CMC Markets places a 30:1 leverage cap on currency trading for clients in India

Interactive Brokers

One of the largest discount brokers in the US, Interactive Brokers, was established in 1977. The broker is overseen by a number of reputable financial regulators throughout the world, including the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and is regarded as secure.

Indian traders conduct business with Interactive Brokers India, a branch of IB subject to Securities and Exchange Board of India regulation (BSE). Investor protection is not available to residents of India.

Axi Broker

Axi, an Australian forex broker established in 2007, was formerly known as AxiTrader. In 2020, the new Axi brand was introduced. Axi is governed by a number of financial regulators around the world, including the Dubai Financial Services Authority, the Australian Securities and Investments Commission, and the Financial Conduct Authority of the UK (DFSA). It is counted in best forex broker UK have.

AxiTrader Limited, a branch of Axi governed by the Financial Advisory Authority of St. Vincent and the Grenadines, provides services to Indian investors (FSA). Investor protection and negative balance protection are not available to consumers trading with this firm.

In India, currency exchange is not entirely legal. The nation’s regulatory body placed some limitations on currency trading. Only on approved electronic trading platforms should permitted FX transactions be carried out electronically. The Indian rupee (INR) can be traded against the EUR, GBP, USD, and JPY, as well as several significant currency crosses. GBP/USD, EUR/USD, and USD/JPY are these.

India is becoming a more popular country for forex trading. Foreign exchange (forex) trading is a terrific way to make good money by using the appropriate trading tactics, but it is not without risks.

The Stock exchange of India, or SEBI, oversees forex brokers or trading platforms that cater to Indian nationals. The Reserve Bank of India (RBI) and the SEBI are in charge of granting licenses to these brokers and making sure that their operations adhere to the law.

All of the forex brokers on our top list have an Indian operating license.

Indian forex trading restrictions

Although it is permitted in India, forex trading is subject to a number of limitations and regulations. Read our guide to FX trading rules in India for a comprehensive overview of everything you need to know if you wish to trade currencies there.

Given the size and liquidity of the global currency market, there are constantly many buyers and sellers. Since forex goods are complicated and risky, they are not appropriate for everyone, therefore if you’re a newbie, exercise caution when dealing in forex. Your entire investment could be lost quite simply. View our forex education articles if you’re unfamiliar with how FX trading operates.

How Can I Tell if a Foreign Exchange Broker Is Regulated?

Every regulated broker must make their license number and the organization they obtained it from visible on their website. The website of the regulating body allows for simple verification of these license numbers. Make that the name of the licensor on the regulator’s website corresponds to the broker’s details because some scam brokers will use names that are similar to those of legal businesses.

What are Managed Forex Trading Accounts?

There are some brokers who will manage an accounts for you, but this is uncommon. Independent money managers are available to manage your account while they trade for their own benefit. You must read our piece on managed accounts in order to fully grasp the minimum deposit requirements, additional hazards, and CFD trading dangers.

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