Best Forex Brokers India for Beginners 2026
Top beginner-friendly forex brokers for Indian traders. Demo accounts, education, UPI deposits, and reliable platforms for new traders.
Written by
David Okonjo
Fact Checked by
Lisa Martinez
Top 10 Beginner-Friendly Forex Brokers for Indian Traders
Starting forex trading in India? We've identified brokers with excellent beginner resources: demo accounts, educational courses, simple platforms, and UPI/Paytm/PhonePe support. These brokers combine low minimum deposits with comprehensive learning materials to help you start your forex journey safely.
What is the best forex broker for beginners in India?
XM is widely recommended for Indian beginners due to excellent education, low ₹280 minimum, and UPI support. Exness is also great with zero minimum and instant UPI withdrawals.
Beginner Features
Compare demo accounts, minimum deposits, and ease of use for beginners.
| Broker | ||
|---|---|---|
| XM | ₹280 | |
| Exness | ₹0 | |
| HFM | ₹0 | |
| FXTM | ₹560 | |
| AvaTrade | ₹8,400 | |
| RoboForex | ₹560 | |
| OctaFX | ₹840 | |
| FBS | ₹85 | |
| Pepperstone | ₹0 | |
| IC Markets | ₹16,800 |
Detailed Broker Analysis
Best education for Indian beginners.
XM offers the best education for Indian beginners including free courses, webinars, and video tutorials. Low ₹280 minimum with UPI support.
Zero minimum with UPI, Paytm, PhonePe.
Exness is perfect for beginners with zero minimum deposit and UPI, Paytm, PhonePe support. Instant withdrawals and social trading.
Zero minimum with copy trading.
HFM offers zero minimum deposit with HFCopy social trading. Great for beginners who want to learn from experienced traders.
Excellent education with copy trading.
FXTM offers excellent educational resources and FXTM Invest copy trading. Great for Indian beginners at ₹560 minimum.
Very easy platform with UPI/Paytm.
OctaFX has a very beginner-friendly platform with UPI, Paytm, and PhonePe support. Easy copy trading feature.
Comprehensive education platform.
AvaTrade offers comprehensive education with AvaAcademy and AvaSocial copy trading. Great for serious beginners.
Ultra-low ₹85 minimum for beginners.
FBS offers ultra-low ₹85 minimum deposit with cent accounts for practicing. Good for beginners with limited capital.
Zero minimum pro-grade platform.
Pepperstone offers zero minimum deposit with professional platform. Simple interface with TradingView integration.
CopyFX social trading platform.
RoboForex offers CopyFX social trading where beginners can copy successful traders. Good educational resources.
Professional platform for learning.
IC Markets offers professional execution for beginners ready to learn. Higher minimum but excellent for developing skills.
Frequently Asked Questions
Why Trust BrokerAnalysis?
Our reviews are built using verified broker data, regulatory records, and hands-on testing. Rankings are updated regularly and are not influenced by paid placements.
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.
Rankings based on verified data and hands-on testing. See our methodology →
January 2026