ForexLicenses

Forex brokers regulated in India

India is home to one regulator tracked by ForexLicenses.com: the Securities and Exchange Board of India (SEBI). We match 89 brokers to a licence from this regulator. 90 brokers are headquartered in India.

Rules for traders in India

Residents of India may trade currency derivatives only on recognised Indian exchanges through SEBI-registered brokers. The RBI warns that trading with overseas forex platforms can breach FEMA.

Regulators in India

SEBI 2 Securities and Exchange Board of IndiaExchange Investor Protection Funds

Brokers licensed in India 89

Brokers matched to at least one licence from a regulator based in India. Holding a local licence does not mean every client of the brand is served by the local entity.

Broker Licences on record Licence Score Actions
1 AO Angel One Exchange-traded currency broker, since 1996 SEBI 53Moderate Licences Visit site
2 GF Geojit Financial Services Exchange-traded currency broker, since 1987 SEBI 53Moderate Licences Visit site
3 ID ICICI Direct Exchange-traded currency broker, since 2000 SEBI 53Moderate Licences Visit site
4 MO Motilal Oswal Exchange-traded currency broker, since 1987 SEBI 53Moderate Licences Visit site
5 5 5paisa Exchange-traded currency broker, since 2016 SEBI 48Moderate Licences Visit site
6 AB Aditya Birla Money Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
7 AB Alice Blue Exchange-traded currency broker, since 2006 SEBI 48Moderate Licences Visit site
8 AG Almondz Global Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
9 AR Anand Rathi Share and Stock Brokers Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
10 AC Arihant Capital Markets Exchange-traded currency broker, since 1992 SEBI 48Moderate Licences Visit site
11 AS Ashika Stock Broking Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
12 AC Asit C. Mehta Investment Intermediates Exchange-traded currency broker, since 1984 SEBI 48Moderate Licences Visit site
13 BN B.N. Rathi Securities Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
14 BW BMA Wealth Creators Exchange-traded currency broker, since 1990 SEBI 48Moderate Licences Visit site
15 BB Bajaj Broking Exchange-traded currency broker, since 2006 SEBI 48Moderate Licences Visit site
16 BK Batlivala & Karani Securities Exchange-traded currency broker, since 1868 SEBI 48Moderate Licences Visit site
17 BB Beeline Broking Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
18 BP Bonanza Portfolio Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
19 CB Canara Bank Securities Exchange-traded currency broker, since 1996 SEBI 48Moderate Licences Visit site
20 CB Centrum Broking Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
21 CB Choice Broking Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
22 DB Dalal & Broacha Exchange-traded currency broker, since 1971 SEBI 48Moderate Licences Visit site
23 EW Elite Wealth Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
24 EG Emkay Global Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
25 ES Eureka Stock & Share Broking Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
26 FS Fairwealth Securities Exchange-traded currency broker, since 2004 SEBI 48Moderate Licences Visit site
27 F Flattrade Exchange-traded currency broker, since 2004 SEBI 48Moderate Licences Visit site
28 GC Globe Capital Market Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
29 GS Guiness Securities Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
30 HS HDFC Securities Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
31 HS Hem Securities Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
32 IC IDBI Capital Markets Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
33 IS IIFL Securities Exchange-traded currency broker, since 1996 SEBI 48Moderate Licences Visit site
34 IS Indira Securities Exchange-traded currency broker, since 1987 SEBI 48Moderate Licences Visit site
35 IC Inditrade Capital Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
36 IG Inventure Growth & Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
37 JF JM Financial Services Exchange-traded currency broker, since 1973 SEBI 48Moderate Licences Visit site
38 JB Jainam Broking Exchange-traded currency broker, since 2003 SEBI 48Moderate Licences Visit site
39 JC Joindre Capital Services Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
40 KR K.R. Choksey Shares & Securities Exchange-traded currency broker, since 1978 SEBI 48Moderate Licences Visit site
41 KC Kantilal Chhaganlal Securities Exchange-traded currency broker, since 1954 SEBI 48Moderate Licences Visit site
42 KS Khambatta Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
43 KS Kotak Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
44 KF Kunvarji Finstock Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
45 LS LKP Securities Exchange-traded currency broker, since 1948 SEBI 48Moderate Licences Visit site
46 MS Mandot Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
47 MF Marwadi Financial Services Exchange-traded currency broker, since 1992 SEBI 48Moderate Licences Visit site
48 M Mastertrust Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
49 MN Monarch Networth Capital Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
50 NM Navia Markets Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
51 NB Nirmal Bang Exchange-traded currency broker, since 1986 SEBI 48Moderate Licences Visit site
52 PL Prabhudas Lilladher Exchange-traded currency broker, since 1944 SEBI 48Moderate Licences Visit site
53 PR Pravin Ratilal Share & Stock Brokers Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
54 RG RK Global Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
55 RB Religare Broking Exchange-traded currency broker, since 1984 SEBI 48Moderate Licences Visit site
56 SS SBICAP Securities Exchange-traded currency broker, since 2006 SEBI 48Moderate Licences Visit site
57 SG SMC Global Securities Exchange-traded currency broker, since 1990 SEBI 48Moderate Licences Visit site
58 SS SPA Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
59 S Sharekhan Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
60 SS Sunidhi Securities & Finance Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
61 SF Sushil Finance Exchange-traded currency broker, since 1982 SEBI 48Moderate Licences Visit site
62 SI Swastika Investmart Exchange-traded currency broker, since 1992 SEBI 48Moderate Licences Visit site
63 SR Sykes & Ray Equities Exchange-traded currency broker, since 1996 SEBI 48Moderate Licences Visit site
64 SS Systematix Shares & Stocks Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
65 TS Trustline Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
66 VS Ventura Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
67 WF Wallfort Financial Services Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
68 WB Way2Wealth Brokers Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
69 WC Wisdom Capital Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
70 EM Enrich Money Exchange-traded currency broker, since 2007 SEBI 47Moderate Licences Visit site
71 GW Goodwill Wealth Management Exchange-traded currency broker, since 2008 SEBI 47Moderate Licences Visit site
72 NW Nuvama Wealth Exchange-traded currency broker, since 2008 SEBI 47Moderate Licences Visit site
73 SO SAS Online Exchange-traded currency broker, since 2008 SEBI 47Moderate Licences Visit site
74 TS Tradebulls Securities Exchange-traded currency broker, since 2009 SEBI 46Moderate Licences Visit site
75 U Upstox Exchange-traded currency broker, since 2009 SEBI 46Moderate Licences Visit site
76 Z Zerodha Exchange-traded currency broker, since 2010 SEBI 46Moderate Licences Visit site
77 AD Axis Direct Exchange-traded currency broker, since 2011 SEBI 45Moderate Licences Visit site
78 T Tradejini Exchange-traded currency broker, since 2012 SEBI 45Moderate Licences Visit site
79 SB Shoonya by Finvasia Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
80 T TradeSmart Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
81 YS Yes Securities Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
82 ZS Zebu Share and Wealth Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
83 F Fyers Exchange-traded currency broker, since 2015 SEBI 43Weak Licences Visit site
84 P ProStocks Exchange-traded currency broker, since 2016 SEBI 43Weak Licences Visit site
85 S SAMCO Exchange-traded currency broker, since 2015 SEBI 43Weak Licences Visit site
86 MS m.Stock by Mirae Asset Exchange-traded currency broker, since 2018 SEBI 42Weak Licences Visit site
87 S Stoxkart Exchange-traded currency broker, since 2020 SEBI 41Weak Licences Visit site
88 D Dhan Exchange-traded currency broker, since 2021 SEBI 40Weak Licences Visit site
89 KN Kotak Neo Exchange-traded currency broker, since 2022 SEBI 40Weak Licences Visit site

Brokers headquartered in India 90

Broker Licences on record Licence Score Actions
AO Angel One Exchange-traded currency broker, since 1996 SEBI 53Moderate Licences Visit site
ID ICICI Direct Exchange-traded currency broker, since 2000 SEBI 53Moderate Licences Visit site
MO Motilal Oswal Exchange-traded currency broker, since 1987 SEBI 53Moderate Licences Visit site
GF Geojit Financial Services Exchange-traded currency broker, since 1987 SEBI 53Moderate Licences Visit site
HS HDFC Securities Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
KS Kotak Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
S Sharekhan Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
5 5paisa Exchange-traded currency broker, since 2016 SEBI 48Moderate Licences Visit site
IS IIFL Securities Exchange-traded currency broker, since 1996 SEBI 48Moderate Licences Visit site
AB Alice Blue Exchange-traded currency broker, since 2006 SEBI 48Moderate Licences Visit site
M Mastertrust Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
RB Religare Broking Exchange-traded currency broker, since 1984 SEBI 48Moderate Licences Visit site
SS SBICAP Securities Exchange-traded currency broker, since 2006 SEBI 48Moderate Licences Visit site
CB Choice Broking Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
AR Anand Rathi Share and Stock Brokers Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
JF JM Financial Services Exchange-traded currency broker, since 1973 SEBI 48Moderate Licences Visit site
BB Bajaj Broking Exchange-traded currency broker, since 2006 SEBI 48Moderate Licences Visit site
AB Aditya Birla Money Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
AC Arihant Capital Markets Exchange-traded currency broker, since 1992 SEBI 48Moderate Licences Visit site
BP Bonanza Portfolio Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
CB Centrum Broking Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
EG Emkay Global Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
IS Indira Securities Exchange-traded currency broker, since 1987 SEBI 48Moderate Licences Visit site
JB Jainam Broking Exchange-traded currency broker, since 2003 SEBI 48Moderate Licences Visit site
LS LKP Securities Exchange-traded currency broker, since 1948 SEBI 48Moderate Licences Visit site
MF Marwadi Financial Services Exchange-traded currency broker, since 1992 SEBI 48Moderate Licences Visit site
NB Nirmal Bang Exchange-traded currency broker, since 1986 SEBI 48Moderate Licences Visit site
PL Prabhudas Lilladher Exchange-traded currency broker, since 1944 SEBI 48Moderate Licences Visit site
SG SMC Global Securities Exchange-traded currency broker, since 1990 SEBI 48Moderate Licences Visit site
SI Swastika Investmart Exchange-traded currency broker, since 1992 SEBI 48Moderate Licences Visit site
VS Ventura Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
WC Wisdom Capital Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
AG Almondz Global Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
AC Asit C. Mehta Investment Intermediates Exchange-traded currency broker, since 1984 SEBI 48Moderate Licences Visit site
BW BMA Wealth Creators Exchange-traded currency broker, since 1990 SEBI 48Moderate Licences Visit site
BK Batlivala & Karani Securities Exchange-traded currency broker, since 1868 SEBI 48Moderate Licences Visit site
CB Canara Bank Securities Exchange-traded currency broker, since 1996 SEBI 48Moderate Licences Visit site
DB Dalal & Broacha Exchange-traded currency broker, since 1971 SEBI 48Moderate Licences Visit site
EW Elite Wealth Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
ES Eureka Stock & Share Broking Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
GC Globe Capital Market Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
HS Hem Securities Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
IC IDBI Capital Markets Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
IG Inventure Growth & Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
KC Kantilal Chhaganlal Securities Exchange-traded currency broker, since 1954 SEBI 48Moderate Licences Visit site
KF Kunvarji Finstock Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
MN Monarch Networth Capital Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
NM Navia Markets Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
PR Pravin Ratilal Share & Stock Brokers Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
RG RK Global Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
SR Sykes & Ray Equities Exchange-traded currency broker, since 1996 SEBI 48Moderate Licences Visit site
TS Trustline Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
WB Way2Wealth Brokers Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
F Flattrade Exchange-traded currency broker, since 2004 SEBI 48Moderate Licences Visit site
MS Mandot Securities Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
AS Ashika Stock Broking Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
SS SPA Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
SF Sushil Finance Exchange-traded currency broker, since 1982 SEBI 48Moderate Licences Visit site
JC Joindre Capital Services Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
BN B.N. Rathi Securities Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
BB Beeline Broking Exchange-traded currency broker, since 2000 SEBI 48Moderate Licences Visit site
FS Fairwealth Securities Exchange-traded currency broker, since 2004 SEBI 48Moderate Licences Visit site
GS Guiness Securities Exchange-traded currency broker, since 1993 SEBI 48Moderate Licences Visit site
IC Inditrade Capital Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
KR K.R. Choksey Shares & Securities Exchange-traded currency broker, since 1978 SEBI 48Moderate Licences Visit site
KS Khambatta Securities Exchange-traded currency broker, since 1995 SEBI 48Moderate Licences Visit site
SS Sunidhi Securities & Finance Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
SS Systematix Shares & Stocks Exchange-traded currency broker, since 1985 SEBI 48Moderate Licences Visit site
WF Wallfort Financial Services Exchange-traded currency broker, since 1994 SEBI 48Moderate Licences Visit site
NW Nuvama Wealth Exchange-traded currency broker, since 2008 SEBI 47Moderate Licences Visit site
GW Goodwill Wealth Management Exchange-traded currency broker, since 2008 SEBI 47Moderate Licences Visit site
SO SAS Online Exchange-traded currency broker, since 2008 SEBI 47Moderate Licences Visit site
EM Enrich Money Exchange-traded currency broker, since 2007 SEBI 47Moderate Licences Visit site
Z Zerodha Exchange-traded currency broker, since 2010 SEBI 46Moderate Licences Visit site
U Upstox Exchange-traded currency broker, since 2009 SEBI 46Moderate Licences Visit site
TS Tradebulls Securities Exchange-traded currency broker, since 2009 SEBI 46Moderate Licences Visit site
AD Axis Direct Exchange-traded currency broker, since 2011 SEBI 45Moderate Licences Visit site
T Tradejini Exchange-traded currency broker, since 2012 SEBI 45Moderate Licences Visit site
SB Shoonya by Finvasia Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
T TradeSmart Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
ZS Zebu Share and Wealth Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
YS Yes Securities Exchange-traded currency broker, since 2013 SEBI 44Weak Licences Visit site
F Fyers Exchange-traded currency broker, since 2015 SEBI 43Weak Licences Visit site
S SAMCO Exchange-traded currency broker, since 2015 SEBI 43Weak Licences Visit site
P ProStocks Exchange-traded currency broker, since 2016 SEBI 43Weak Licences Visit site
MS m.Stock by Mirae Asset Exchange-traded currency broker, since 2018 SEBI 42Weak Licences Visit site
S Stoxkart Exchange-traded currency broker, since 2020 SEBI 41Weak Licences Visit site
D Dhan Exchange-traded currency broker, since 2021 SEBI 40Weak Licences Visit site
KN Kotak Neo Exchange-traded currency broker, since 2022 SEBI 40Weak Licences Visit site
KS Karvy Stock Broking Exchange-traded currency broker, since 1983 Defunct No licence on record Inactive Licences

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