Forex Companies Operating in India

Hi Guys,

Could you tell me which forex companies are operating in India and which of them are good and relaible?

Thanks,
San

If hey can provide spreads like these, then they are good

Currency Pair Avg Spread
USD / EUR 0.5 pip
AUD / USD 1 pip
GBP / EUR 1 pip
AUD / EUR 1.5 pips

Avg means it can be lower also, sometimes negative spreads are also seen.

which broker provides such tight spreads out side India??

you will know, once I begin paid advertising on traderji

koi gal ni badshaho. appa wait karange twahda.:rofl:

All the best !!!
You are testing my patience !!!
Please start your company asap.

Recommended :

www.fxcentral.net

They have full support and working desk in India and not call office desk like few other brokers

Though their commission is slightly higher but local support is big plus and for Introducing brokers there is slab for rebates and same applicable for IAs and CPs, so if you have decent acct size and sign as IA or CP then you can save on commission and can match international cost well

spread on avg 0 - 0.8 on EURUSD and 2.5 on GBPJY this is best spread i have seen on GBPJPY case on avg

FXCentral has office at Bangalore.

Apart from the spread FXCentral charges commission for each transactions.Hence the final spread will work out more.

It will be 2.4 pips for Eur USD.

Yes but this is how ECN brokers making money, and for institutional deals and higher volume i am well capped with lower commission but at least i respect them in transparency they provider to retail clients, nothing is hidden in spread, which shows were market is trading actually at their liquidity providers.

Also they have MT with one click plugin which aid for easier order management and with level II interface i can see were is liquidity and their pools aggregation

actually in India forex trading is still not allowed legelly. We can do usd/inr trough Indian exchange which is only allowed with limited time process everyday. So there is no any company directly marketing the platform, but using the loophole of indian regulation of investing in foreighn equity many of the brokers work here. alpari, fxcm, fxcentral, virgincapitals, instaforex, ibfx like many companies there..