Trading Forex Options in India

#1
Hi friends,
I am an absolute newbie to forex options , so please bear with me if my question sounds naive.
I have been trading in equity options for quite some time and have a decent idea of the basics.

I am interested to trade in forex options in the allowed 4 pairs i..e USD-INR , EUR-INR , JPY-INR and GBP-INR

I want to know : which broker is the best in terms of rates ?

I would prefer a broker where I can transfer INR from my bank account to trade , directly using net banking .

Thanks and regards,
mumbai_options
 

jagankris

Well-Known Member
#2
Hi friends,
I am an absolute newbie to forex options , so please bear with me if my question sounds naive.
I have been trading in equity options for quite some time and have a decent idea of the basics.

I am interested to trade in forex options in the allowed 4 pairs i..e USD-INR , EUR-INR , JPY-INR and GBP-INR

I want to know : which broker is the best in terms of rates ?

I would prefer a broker where I can transfer INR from my bank account to trade , directly using net banking .

Thanks and regards,
mumbai_options
Check out the brokers and trading platform section which compares various brokers in terms of brokerage plans,Transaction costs and other things and choose accordingly.
 
#3
I've definitely not checked out all the options and have simply stuck with REC, but I had a friend who showed me their Kotak Securities platform and I felt it was much more straight forward and user friendly.

I don't really bother with the commissions as that's generally minimal when you are making money with forex, It's the lack of discipline that cost me more than anything
 
#4
Before you can choose a broker, you have to know who or what constitutes one. There are two types of brokers out there: those who deal directly with their clients (regular brokers), and those who act as intermediaries between the client and a larger broker (broker-resellers).

P.S.
managed futures trading accounts, CTA and managed forex are they the same thing? Can somebody on this forum let me know?? Also if I take advantage of forex trading offers UK then can I use systematic trading as I do on the forex markets?? Hope some people on this forum can provide answers. Thanks in advance.
 
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