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Indian Forex Ratings' goal is to range forex brokers and provide analysis of the rates. This rating is based on votes from all sorts of traders from beginners to seniors. If you have ever traded a live account with any of these brokers, please rate it. You may rate several forex brokers, but only once a day. First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate brokers by the actual number of votes. Monthly voting statistics can be found here.

Indian Forex Broker Rating - Indian Forex Brokers

   

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# Forex broker Forex broker review For  Against Vote Stats Commens Q&A News Status
1 NordFX NordFX 66% 34% Vote for NordFX Vote against NordFX Voting archive NordFX Comments about NordFX No questions
2 Admiral Markets Admiral Markets 64% 36% Vote for Admiral Markets Vote against Admiral Markets Voting archive Admiral Markets Comments about Admiral Markets Questions to Admiral Markets
3 AvaFx AvaFx 62% 38% Vote for AvaFx Vote against AvaFx Voting archive AvaFx No comments Questions to AvaFx
4 eToro eToro 60% 40% Vote for eToro Vote against eToro Voting archive eToro Comments about eToro Questions to eToro
5 EXNESS EXNESS 60% 40% Vote for EXNESS Vote against EXNESS Voting archive EXNESS Comments about EXNESS No questions
6 FXCM FXCM 59% 41% Vote for FXCM Vote against FXCM Voting archive FXCM Comments about FXCM Questions to FXCM
7 FXOpen FXOpen 58% 42% Vote for FXOpen Vote against FXOpen Voting archive FXOpen Comments about FXOpen No questions
8 LiteForex LiteForex 57% 43% Vote for LiteForex Vote against LiteForex Voting archive LiteForex Comments about LiteForex No questions
9 MRC markets MRC markets 56% 44% Vote for MRC markets Vote against MRC markets Voting archive MRC markets Comments about MRC markets No questions
10 Alpari Alpari 55% 45% Vote for Alpari Vote against Alpari Voting archive Alpari Comments about Alpari No questions
11 swissquote Swissquote 55% 45% Vote for Swissquote Vote against Swissquote Voting archive Swissquote Comments about Swissquote Questions to Swissquote
12 Dukascopy Dukascopy 45% 55% Vote for Dukascopy Vote against Dukascopy Voting archive Dukascopy Comments about Dukascopy Questions to Dukascopy
13 Forex Club Forex Club 43% 57% Vote for Forex Club Vote against Forex Club Voting archive Forex Club Comments about Forex Club Questions to Forex Club
14 Kshitij Kshitij 43% 57% Vote for Kshitij Vote against Kshitij Voting archive Kshitij No comments No questions
15 ICICI Bank ICICI Bank 42% 58% Vote for ICICI Bank Vote against ICICI Bank Voting archive ICICI Bank No comments Questions to ICICI Bank
16 ForexTrader India ForexTrader India 41% 59% Vote for ForexTrader India Vote against ForexTrader India Voting archive ForexTrader India No comments No questions
17 Forex Association of India Forex Association of India 40% 60% Vote for Forex Association of India Vote against Forex Association of India Voting archive Forex Association of India No comments No questions
18 AvivaFx AvivaFx 38% 62% Vote for AvivaFx Vote against AvivaFx Voting archive AvivaFx No comments No questions
19 Bank of Rajasthan Bank of Rajasthan 37% 63% Vote for Bank of Rajasthan Vote against Bank of Rajasthan Voting archive Bank of Rajasthan No comments No questions
20 CitiBank India CitiBank India 37% 63% Vote for CitiBank India Vote against CitiBank India Voting archive CitiBank India No comments No questions
21 AFB AFB 36% 64% Vote for AFB Vote against AFB Voting archive AFB No comments No questions
22 FxCompany FxCompany 33% 67% Vote for FxCompany Vote against FxCompany Voting archive FxCompany Comments about FxCompany No questions
23 Easy Forex Easy Forex 23% 77% Vote for Easy Forex Vote against Easy Forex Voting archive Easy Forex Comments about Easy Forex Questions to Easy Forex
24 iFOREX iFOREX 22% 78% Vote for iFOREX Vote against iFOREX Voting archive iFOREX Comments about iFOREX No questions
25 Harvest Harvest 22% 78% Vote for Harvest Vote against Harvest Voting archive Harvest No comments No questions

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* Indian Forex Ratings accepts no liability for any errors in the information. For the most recent information, please visit the forex brokers's site.
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Popular comments

6 May 2012 | Sana | NordFX
Free Training In forex Sana::08689800023
6 May 2012 | sana | NordFX
Good Support
27 March 2012 | Nilesh | NordFX
Hi, can anyone give me their cell number. I am new to forex market and have some questions which i am really finding difficult to get answers in various forums. Would really appreciate all the help!
26 March 2012 | tamtam | NordFX
i have almost 1 month experience with this broker, excellent service and well customer support, very polite. fast withdrawal and deposit, one should have this broker, because i withdraw $170 and they paid me the same in my axis bank account on time. also medium range spread. eurusd 2 and gbpusd 3. good deal.
16 March 2012 | stan | Forex Club
I chated with a trader that had huge trouble with Fxclub. I saw his video and some proofs materials. This company is really a bucket-shop, scammer ... Some details of the trader's troubles: I chated with a trader that had huge trouble with Fxclub. I saw his video and some proofs materials. This company is really a bucket-shop, scammer ... Some details of the trader's troubles: First of all if you are NOT American citizen or resident in the USA, CFTC registered and NFA member won't serve in anything!! This company is a bucket-shop. They are pretty dishonest and have deceptive trade practices and fraudulent unfair practices. With their IT department they created a sinister software to take you at least for every trade 4 pips and to allow them to froze the trading platform called Act Trader to avoid you to take you gain. Peter Tatarnikov the CEO is an untruthful person. I advised him about the unfair and dishonest practices of his company he answered me that he is going to take care about it and see the trouble with his IT department, but 3 months later I was still waiting. I had recorded during many days the activity of the trading platform, when I send him two videos, the same day my computer couldn't find the file of the act trader platform and I had to download it again from their website. About the founder of the company Michael Felice, President and Principal of the firm, he was partner of Index Futures Group (doing business as Jack Carl/312-Futures) with 71 CFTC REPARATIONS CASES and 11 REGULATORIES ACTIONS. He was partner of Balfour Maclaine Futures Inc with “only” 41 CFTC REPARATIONS CASES and 18 REGULATORIES ACTIONS. And for the others companies where he was partner usually there were regulatory actions More details here:forexpeacearmy.com/forex-forum/scam-alerts-folder/19229-forex-club-fx-club-professional-scammer They just scammed me they stole me more than 50.000,00usd, I opened a scam alert folder on forex peace army and a case and the verdict came: GUILTY scam alert folder: scam-alerts-folder/18353-carefull-forex-club-racketing-word-they-know-very-well verdict: GUILTY Case# 2012-004 | maxruben vs fxclub.com/ Take a look of the videos, I hope this information can avoid others traders to get"caught" like I did. If you want more proofs just ask me!!
15 March 2012 | Aleksander | NordFX
Best Broker with International Level Support Services. Customer Friendly Trading Condition. Only in this Company one can withdraw Bonus Amount as their Lot condition is very Simple and easy to complete. Other Broker will give you bonus but it is very Difficult to withdraw Bonus as their Lot requirement is very High for Bonus Withdrawal. So, I prefer trading with them.
12 March 2012 | tamtam | NordFX
I think NORDFX this is real broker, they give good services and small spreads (fixed 2 pips on eurusd), i use only this pair for trading, so it is enough for me. Last withdrawal $323, no problem, just sent all documents for identification. Like their instant execution, recommend to all, my friends use it, and no one tell the bad word about NordFX.
4 March 2012 | Ramesh Kumar | eToro
I prefer not to trade with this Broker as they dont have any office in india. They are operating only on line from Oversaes Countries. If something goes wrong with them tomorrow, then it will be very difficult for me to Recover Hard Earned money from Them.
18 February 2012 | Somesh | NordFX
I am asociated with NordFx as Introducing Broker for the last One Year Fund Withdrawal has never been a problem with NordFx. International Level support is offered by them. Support Representative are very Mannered and Diciplined.
18 February 2012 | Goyal | NordFX
NordFx freezed my account because I funded my account with U Kash. I bought U kash from Ghaziabad India Based Navneet Kumar Jain who told me that he is an authorized Reseller of U Kash vouchers. But after when NordFx freezed my Trading account I came to know that Mr. Navneet Kumar Kumar Jain used to achieve these Vouchers Fraudently and encash these Voucher through Clients of Forex Companies. I warn you all people who use U Kash to be aware of this Crook

Forex Brokers News

24 April 2012 | NordFX
MetaTrader5 for iPhone&iPad
NordFX is pleased to announce that the trading application MetaTrader5 for iPhone&iPad has been upgraded. The application is equipped with user-friendly interface and supports a wide range of MetaTrader5 trading terminal functions necessary for successful mobile trading anytime and anywhere you want...
19 April 2012 | eToro
eToro OpenBook Winner of FSTech 2012 Award
eToro recognized for best use of customer communications and social networking technology
18 April 2012 | Alpari
Alpari (UK) launches live MetaTrader 5 platform
Alpari (UK) launches the live MetaTrader 5 (MT5) platform with market depth and one-click trading.
18 April 2012 | Saxo Bank
Saxo Bank adds Athens Stock Exchange to its trading platform
Saxo Bank, the online trading and investment specialist, continues its investment in the Greek market by adding the Athens Stock Exchange (ATHEX) to its award winning platform
18 April 2012 | FXOpen
Join FX Market Masters APRIL
The winner gets $1020 and an opportunity to continue live trading in an FXOpen PAMM ECN account!

Currency converter

Daily Forex Reviews & Forecasts

15 May 2012 | Admiral Markets
Greece Concerns and Wall Street Jitters Push EURUSD Lower
Italy sold ˆ5.25 billion worth of its debt today, according to the country’s Department of Treasury on Monday. This included a more than 10 year maturity bond, the first sold in over seven months as concerns lessened over Italy’s ability to take care of the second largest debt in the European zone...
15 May 2012 | LiteForex
EUR/USD: Euro’s positions are still weak
The pair EUR/USD traded downward at the Forex currency market on Tuesday morning after reaching local lows. By 8.20 Moscow time the Euro is at 1.2814 against yesterday's closing level of 1.2821...
4 May 2012 | NordFX
The ECB did not give hope for improvement
Yesterday, the world's financial markets closed in negative territory. The markets reacted to the statements of the ECB's Mario Draghi the absence of reducing the likelihood of the base interest rate...
4 May 2012 | Roboforex
Forecast for May 4th, 2012
The EUR/USD currency pair is moving according to our forecast. As we expected, it was corrected to the level of 1.3170 and then started moving downwards. Currently the price is forming the descending pattern with the target in the area of 1.3080...
4 May 2012 | Admiral Markets
ECB Holds Rate Constant
The European Central Bank (ECB), Governing Council elected to continue the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility at 1.00%, 1.75%, and 0.25% respectively, according to their monetary policy release on Thursday...

Technical & fundamental analysis

16 May 2012 | NordFX
Once again, all in red
Negative market remains in connection with the complex political situation in Greece and lowered by Moody's ratings of 26 Italian banks in several steps (from one to four) with a negative outlook...
15 May 2012 | NordFX
Once again, Greece in the spotlight
Yesterday, the world's financial markets were closed in the red zone amid growing speculation about the possibility of ​​Greece to exit from the Euro area...
15 May 2012 | ZIFX
Technical Analysis GBP/USD Stabilizes Around 1.61
On Monday Pound/Dollar increased with 70 pips. The Cable appreciated from 1.6049 to 1.6123 yesterday, in line with the positive money flow sentiment at over +6%, closing the day at 1.6086. Today the British Pound is trading quietly, with movements at the upper half of yesterday's range for the time being...
15 May 2012 | Dukascopy
Fundamental Analysis
Industrial producion in the Eurozone contracted unexpectedly in March, Eurostat data showed on Monday. Producion fell 0.3 per cent from February, when it rose 0.8 per cent...
14 May 2012 | NordFX
Week of negative close..
Last week, world stock markets closed mostly in lower direction. In Europe, Britain's FTSE 100 rose 0.57% to 5575.56 points, the index of the Frankfurt Stock Exchange DAX 30 rose 0.91% to 6577.62 points, the French CAC 40 lost 0.01% symbolic and 3219 amounted to 77 points...





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