In India, Forex trading is mainly conducted through currency derivatives on exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as direct spot Forex trading is not allowed for retail traders. Several top Forex trading companies in India facilitate access to these currency derivatives, offering platforms that cater to both novice and experienced traders. Zerodha, one of the largest discount brokers in India, offers a user-friendly trading platform called Kite, which allows trading in currency futures and options with low brokerage fees. Upstox is another prominent name, known for its competitive pricing and advanced trading tools that enable traders to engage in currency derivatives trading. Angel One, ICICI Direct, and HDFC Securities are established full-service brokers in India, offering robust platforms and educational resources for those looking to trade in currency futures and options. These brokers ensure that Indian traders can access Forex markets in compliance with local regulations, offering reliable platforms with features like real-time market data, advanced charting, and risk management tools.
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