reliable forex broker in india

Discussion in 'Forex' started by vmbhat, Sep 8, 2010.

  1. vmbhat

    vmbhat New Member

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    Hi seniors,
    I am new bee in forex trading. Can any one suggest me forex broker considering following points
    1] His office should be in india
    2] Min deposit @50 usd
    3] Mt4 platform
    4] Min pip spread
    5] Legimate (not scam)
    6] Can be funded by neteller or debit card
    7] A/c should not be blocked by broker while our withdrawal
    8] ECN broker

    Thanks and regards,
     
  2. ninad_sky

    ninad_sky New Member

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    Hi
    Nice question ,

    i am also searching many brokers with same advantages now a days i have seen such a broker on website name by MRC , i personally don't have account with them but would like to have in future because i hope they are giving such necessary services and most important is they have physical office in mumbai.

    i hope this broker will be useful for u.

    http://www.mrcmarkets.co.in
     
  3. preetksgill

    preetksgill Guest

    • fxcentral has very high spreads
    • alpari has local mumbai server and trades are never routed to uk server [bucket shop]
    • so forget finding a good broker in India
     
  4. McNish

    McNish Member

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    Hello Membrs,
    Came upon this site and am checking right now. Intrested ones can try it exchange notes and more. Good luck!
    **http://www.forex-ratings.com
     
  5. yasirdxb

    yasirdxb Active Member

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    Who is the regulating authority of Fxopen? Are you an IB of them?
     
  6. yasirdxb

    yasirdxb Active Member

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    I know ASIC. btw why did you move from mauritius? I heard rumours!...or facts?
     

  7. rookitrader

    rookitrader Member

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    hi all,
    am looking for a forex broker who accepts deposits in INR and came to know
    about fxcentral.looking for some pros and cons about them.they advertise tobe RBI approved and have given some Blore and Mumbai addresses with FXCENTRIC.Is it the same?check out bottom let of http://www.fxcentral.net/microsite/aboutforex.html .my question is,if they are legit and approved by rbi then why are they having a different name in india offices.
    guys who opened with them please reply as i'm looking for rupee based fund transfer only.
     
  8. fxcentralinc

    fxcentralinc New Member

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    The word "central" can't be used in India by us due to ROC restriction's which prohibits any words containing central as business name hence it is named as Fxcentric here.
     
    rookitrader likes this.
  9. preetksgill

    preetksgill Guest

    At the end of the day, I vouch for fxcentral as the most reliable broker in India.

    Reason being that they have the NBFC License to operate as a forex broker in India.

    And also the funding is direct through net banking, totally hassle free.
     
    pav, Gdraj, comm4300 and 2 others like this.
  10. rookitrader

    rookitrader Member

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    Thanks for the reply.
    So do you allow trading in EURUSD,JPYUSD pairs like that or with the INR only.
    Cos am looking for the former pairings only and that too from rupee based fund transfers only.

     
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