Forex brokers active in India are subject to the regulations and oversight of the Securities and Exchanges Board of India (SEBI), which is an independent body tasked with ensuring the smooth functioning of the country`s stock markets and brokers. Commodities trading is also regulated by the Forward Markets Commission, which is the regulatory structure for the management of non-exchange traded financial instruments. The Reserve Bank of India is responsible for managing the Indian rupee but is not involved in the oversight of forex broker.
India has changed rapidly since the liberalization of the 1990s. After the relaxation of regulations and opening up of the country to foreign ownership and investment, the economic performance of India has been robust. Nonetheless, retail forex brokerage business is barely existent in the country at the moment, with active brokers operating from inside India as branches or subsidiaries of large international firms still being counted in single digits.
Trading forex can be challenging at times, and choosing among the many firms that cater to forex traders can make the task even harder for the beginner. To make things easier, we have prepared a list of some of the most reliable brokers in the world, with the help of which you can simplify your action plan and quicken the initial learning stages of your trading career. If you are serious about forex, don`t forget to check out our selection of the world`s most reputable and successful forex brokers now!