Forex trading is increasingly gaining traction among Indian investors who seek diversification of portfolios. You can trade global currency markets in the comfort of your home or even when you’re on the move with the correct app.
In this article, we’ll dive into seven best forex trading apps in India and make the pick that suits your style and objectives. Whether you’re a newcomer or a seasoned trader, there’s something for everyone here.
7 Best Forex Trading Apps in India
1. Eightcap – My Go-To Broker for Indian Forex Traders
Eightcap is an international broker that boasts a simple interface and robust regulatory framework. For traders from India, it provides the ease of deposit and withdrawal with UPI, net banking, as well as leading e-wallets. The application has a clean user interface, which is very easy to use to put trades, see positions, and set alarms.
One of the largest strengths of Eightcap is the diversity of the account types. You can opt for Standard or Raw accounts, depending on whether you want fixed or variable spreads and lower margins. Webinars and market analysis reports educate new players in the game. If there is anything you ever need assistance with, customer support is available 24/5 by live chat and email. In all, Eightcap finds the right balance between simplicity and professional-level instruments, which makes it my favorite for secure forex trading in India.
2. Fusion Markets – Lowest Spread Broker in India
Fusion Markets is coming into the spotlight for having some of the lowest spreads in the market. Indian traders are able to take advantage of raw spreads as low as 0.0 pips on major currency pairs. The platform implements a straight-through processing (STP) model, which means your orders are sent directly to liquidity providers with little to no intervention.
The mobile trading application is clean and efficient, with real-time prices, charting functions, and technical analysis indicators. Transfers of funds are speedy and include multiple payment methods. High-volume traders are also rewarded by Fusion Markets with even lower prices through volume-based rebates. Although educational resources are limited compared to other brokers, the low-cost environment is a compelling attraction. If tight spreads and cost-effectiveness are most important to you, Fusion Markets is definitely worth considering.
3. DNA Markets – Wide Variety of Markets
DNA Markets is unique in providing not just forex but also commodities, indices, and cryptocurrencies for trading. You can access all of these assets from one app through multi-asset support. For Indian forex traders, DNA Markets offers competitive forex spreads and customizable leverage up to 1:500, which depends on the regulatory limits.
Advanced charting with more than 80 technical indicators, drawing tools, and multiple time frames are available in the app. You can also enable one-click trading to speed up execution. Support is offered in English and Hindi to help local traders more easily address issues. Its wide market coverage and easy design make DNA Markets perfect if you wish to diversify away from standard currency pairs.
4. Axi – Specialist in the MT4 Platform
Axi (formerly AxiTrader) is well-known for its dedication to the MetaTrader 4 (MT4) platform. MT4 is a favorite among seasoned traders for its automated trading capabilities, custom indicators, and Expert Advisors (EAs). The Axi app brings the full MT4 experience to your mobile device.
Indian traders will enjoy Axi’s price transparency, with raw spreads and minimal commission per lot. Deposits are made through UPI, bank transfer, or card payment. VPS hosting for running your EAs with little downtime is also available from the broker. Educational webinars, video guides, and market comments keep you educated. If you depend on algorithmic methods or bespoke scripts, Axi’s expert MT4 support makes it a solid option.
5. Trade Nation – Offers Zero Commission Trading
Trade Nation promotes itself on zero commission trading and simplicity. You pay what you see: the spread that appears on the app is all inclusive. This simplifies things for Indian traders in that they always know exactly what they are paying to open a position.
The app has a straightforward and tidy interface displaying live prices, news streams, and analysis features. Trade Nation also includes plain-English daily market insights that are perfect for those looking for uncluttered guidance without the use of jargon. Although their asset selection is not as broad with main and minor currency pairs being the focus, transparency in costs and learning content make it an excellent choice for newbies and price-sensitive traders.
6. Interactive Brokers – Tailored for Advanced Traders
Interactive Brokers (IBKR) is a powerhouse in the online trading space, with low margins and a wide variety of instruments available. The IBKR Mobile app provides professional-level functionality, including advanced charts, live scanners, and personalized newsfeeds. Users in India can deposit into accounts through bank transfer, and, upon approval, access forex, stocks, options, futures, and more.
Fees on forex trades are tiered and based on monthly volume, making costs very competitive for active traders. The app supports algorithmic and conditional orders, plus access to Trader Workstation (TWS) for desktop-level functionality. If you’re an advanced trader who values deep market access and powerful analytics, Interactive Brokers is unmatched.
7. BlueBerry Markets – Broker With Copy Trading Tools
BlueBerry Markets also offers competitive rates in conjunction with social trading functions. The highlight feature is copy trading, where newbies can automatically replicate the trade of professional experts. This can assist you in learning and, hopefully, earning money while you develop your own abilities.
The platform features live charts, technical indicators, and an in-house community feed where senior traders offer insights. Spreads on major forex pairs begin at approximately 0.1 pips, and funding through UPI or bank transfer is convenient. Learning webinars and individual coaching sessions offer additional value. If you’re looking for affordable trading with a social touch, BlueBerry Markets is an excellent choice.
Best Forex Trading Apps in India: Comparison Table
| App Name | Spreads / Fees | Platform(s) | Key Feature | Best For |
|---|---|---|---|---|
| Eightcap | From 0.1 pips + fees | Web, Mobile | Multiple account types | Balanced trading |
| Fusion Markets | From 0.0 pips raw | Web, Mobile | Lowest spreads | Cost-focused traders |
| DNA Markets | From 0.6 pips | Web, Mobile | Multi-asset access | Portfolio diversifiers |
| Axi | From 0.2 pips + commission | MT4, Mobile | Full MT4 support | Algo traders |
| Trade Nation | All-in spread, zero commission | Web, Mobile | Cost transparency | Beginners |
| Interactive Brokers | Tiered, volume-based | Web, Mobile, TWS | Advanced analytics | Professional traders |
| BlueBerry Markets | From 0.1 pips | Web, Mobile | Copy trading community | Social traders |
Conclusion
Selecting the best forex trading app in India is based on your experience and objectives. If you want low fees, Fusion Markets or Trade Nation may be for you. For algorithmic trading, Axi and Interactive Brokers are the best. Eightcap or BlueBerry Markets may suit beginners due to their learning and social features. DNA Markets is ideal if you want to access a variety of markets from a single location.
Whatever app you choose, begin with a demo account, familiarize yourself with the platform, and trade sensibly.
Frequently Asked Questions
Are these apps legal for Indian residents?
Yes, all the apps listed comply with international financial regulations. You will trade offshore but deposit and withdraw through recognized Indian banking channels.
Can I start with a small investment?
Most brokers allow you to open an account with as little as USD 100 (around ₹8,300). Check each broker’s minimum deposit requirement before signing up.
What is spread, and why does it matter?
The spread is the difference between the buy and sell price of a currency pair. Lower spreads mean lower trading costs, which is crucial for strategies like scalping.
Is copy trading safe?
Copy trading carries risk because you’re mirroring another trader’s decisions. Always check a trader’s track record and only invest what you can afford to lose.
How do I get started?
Choose an app, complete the KYC process, deposit funds, and start with a demo or small live trades. Educate yourself with tutorials, webinars, and practice before increasing your trading size.
Disclaimer:
The information provided in this blog post is based on current data and trends. The stock market is inherently unpredictable, and past performance does not guarantee future results. This blog post is for informational purposes only and should not be considered financial advice. Readers should conduct their own research and consider their financial situation before making any investment decisions. The data and opinions expressed are current as of the date of writing and may change over time.This disclaimer ensures that readers understand the limitations of the information, the unpredictable nature of the stock market, and the importance of doing their own research before making investment choices. Feel free to include it at the end of your post!
