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  #1  
Old 8th September 2010, 07:02 PM
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Default reliable forex broker in india

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,


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  #2  
Old 31st December 2010, 11:44 AM
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Smile Re: reliable forex broker in india

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
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  #3  
Old 31st December 2010, 12:07 PM
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Default Re: reliable forex broker in india

  • 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
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  #4  
Old 5th January 2011, 06:11 PM
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Default Re: reliable forex broker in india

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
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Old 6th January 2011, 05:17 PM
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Default Re: reliable forex broker in india

Quote:
Originally Posted by preetksgill View Post
I am heavily in favor of fxopen for the simple reason they crossed $80 billion in business volumes in 2010.

This means greater facilities and more liquidity for instant trade execution.

They are now in process of get ting regulated in Australia as well, marking them as truly world leaders.
Who is the regulating authority of Fxopen? Are you an IB of them?
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Old 7th January 2011, 01:52 PM
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Default Re: reliable forex broker in india

Quote:
Originally Posted by FXFrench View Post
Hi

I am Jafar Calley, Head of Client Support for FXOpen.

FXOpen currently has no regulator in the interim period between moving from our previous regulator (Mauritius), to a new authority.

You can view our progress at http://www2.search.asic.gov.au/cgi-b...3=&start_date=

We expect the process to be completed in February of this year. Although it is pending status at this time, we are still subject to full compliance with ASIC regulations in order to be successful in our bid to be a part of one of the world's strictest regulatory regimes based in Australia.

You can read more about ASIC at http://www.asic.gov.au
I know ASIC. btw why did you move from mauritius? I heard rumours!...or facts?
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Old 10th January 2011, 01:51 PM
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Default Re: reliable forex broker in india

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.
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  #8  
Old 12th January 2011, 04:25 PM
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Default Re: reliable forex broker in india

Quote:
Originally Posted by rookitrader View Post
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.
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.
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  #9  
Old 12th January 2011, 09:15 PM
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Default Re: reliable forex broker in india

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.
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  #10  
Old 13th January 2011, 11:36 AM
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Default Re: reliable forex broker in india

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.

Quote:
Originally Posted by fxcentralinc View Post
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.

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