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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 65% 35% Vote for NordFX Vote against NordFX Voting archive NordFX Comments about NordFX No questions
2 Advanced Currency Markets ACM 56% 44% Vote for ACM Vote against ACM Voting archive ACM Comments about ACM Questions to ACM
3 MRC markets MRC markets 55% 45% Vote for MRC markets Vote against MRC markets Voting archive MRC markets Comments about MRC markets No questions
4 EXNESS EXNESS 52% 48% Vote for EXNESS Vote against EXNESS Voting archive EXNESS Comments about EXNESS No questions
5 eToro eToro 49% 51% Vote for eToro Vote against eToro Voting archive eToro Comments about eToro Questions to eToro
6 Admiral Markets Admiral Markets 48% 52% Vote for Admiral Markets Vote against Admiral Markets Voting archive Admiral Markets Comments about Admiral Markets Questions to Admiral Markets
7 ICICI Bank ICICI Bank 48% 52% Vote for ICICI Bank Vote against ICICI Bank Voting archive ICICI Bank No comments Questions to ICICI Bank
8 FXCM FXCM 46% 54% Vote for FXCM Vote against FXCM Voting archive FXCM Comments about FXCM Questions to FXCM
9 Forex Club Forex Club 44% 56% Vote for Forex Club Vote against Forex Club Voting archive Forex Club Comments about Forex Club Questions to Forex Club
10 Bank of Rajasthan Bank of Rajasthan 41% 59% Vote for Bank of Rajasthan Vote against Bank of Rajasthan Voting archive Bank of Rajasthan No comments No questions
11 Alpari Alpari 33% 67% Vote for Alpari Vote against Alpari Voting archive Alpari Comments about Alpari No questions
12 ForexTrader India ForexTrader India 31% 69% Vote for ForexTrader India Vote against ForexTrader India Voting archive ForexTrader India No comments No questions
13 Forex Association of India Forex Association of India 26% 74% Vote for Forex Association of India Vote against Forex Association of India Voting archive Forex Association of India No comments No questions
14 AvaFx AvaFx 25% 75% Vote for AvaFx Vote against AvaFx Voting archive AvaFx No comments Questions to AvaFx
15 CitiBank India CitiBank India 23% 77% Vote for CitiBank India Vote against CitiBank India Voting archive CitiBank India No comments No questions
16 FXOpen FXOpen 23% 77% Vote for FXOpen Vote against FXOpen Voting archive FXOpen Comments about FXOpen No questions
17 AFB AFB 0% 0% Vote for AFB Vote against AFB Voting archive AFB No comments No questions
18 AvivaFx AvivaFx 0% 0% Vote for AvivaFx Vote against AvivaFx Voting archive AvivaFx No comments No questions
19 Axis Bank Axis Bank 0% 0% Vote for Axis Bank Vote against Axis Bank Voting archive Axis Bank No comments Questions to Axis Bank
20 DenaBank DenaBank 0% 0% Vote for DenaBank Vote against DenaBank Voting archive DenaBank No comments No questions
21 Dukascopy Dukascopy 0% 0% Vote for Dukascopy Vote against Dukascopy Voting archive Dukascopy Comments about Dukascopy Questions to Dukascopy
22 Easy Forex Easy Forex 0% 0% Vote for Easy Forex Vote against Easy Forex Voting archive Easy Forex Comments about Easy Forex Questions to Easy Forex
23 Financial Technologies Group Financial Technologies Group 0% 0% Vote for Financial Technologies Group Vote against Financial Technologies Group Voting archive Financial Technologies Group No comments No questions
24 Finotec Finotec 0% 0% Vote for Finotec Vote against Finotec Voting archive Finotec Comments about Finotec No questions
25 Forex Orders Forex Orders 0% 0% Vote for Forex Orders Vote against Forex Orders Voting archive Forex Orders 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

3 January 2012 | Johnson | NordFX
For me as an individual trader withdrawals are the most important. I have chosen NORDFX because their withdrawal procedure is very swift.
28 December 2011 | Amit | NordFX
Nord FX Services are really the best one. The company is best in terms of customer support services, bonus policy and withdrawals and for this reason I am trading with Nord FX and hence I disagree with the the above comment (Anonyomous)
22 December 2011 | Nice | Dukascopy
I think they're good broker and also are providing $45,000 per month in contests each month. So I don't care anything while I can win some money.
20 December 2011 | Rajneesh | Admiral Markets
Mentioned XTB, as Admiral Market doesn't have any local office in India unlike XTB.
20 December 2011 | Rajneesh | Admiral Markets
I have traded with X-Trade Brokers India for almost a year. These guys are offering good spreads, really nice platform & yes a vast deal of financial instruments! XTB India also offers amazing customer support & are always helpful whenever I need urgent help. made some nice profits! Overall very satisfied with XTB. these people are thorough professionals, with the withdrawal & deposit transactions pretty swift. I wish them good luck. Also, they are linked with Mclaren F1 Team, gives out some really cool freebies
18 December 2011 | Anonyomous | NordFX
This all good comment from Nord fx employee only !!! check most of r woman only who r part of their call center....
17 December 2011 | Mandeep Jaiswal | NordFX
I have tried NordFx services after suffering huge loses from other Brokers providing the same facilities. It has given me a new experience & new methods to make best reurns from my investments in foreign exchange. The Backoffice support of NordFX in India provides good client support making people understand the trading tactics. I recommend NordFx to all traders who are interested forex trading & want a non dealing desk broker support.
13 December 2011 | Sunil Kumar | NordFX
Best Support Based in India, No Problems in Deposit & Withdrawal bcoz of these unique facilities I like trading with NordFx com/?id=328285
13 December 2011 | Sunil Kumar | NordFX
Best Support Based in India, No Problems in Deposit & Withdrawal bcoz of these unique facilities I like trading with NordFx
10 December 2011 | shivu | NordFX
i am serching ok this ok

Forex Brokers News

16 January 2012 | LiteForex
EUR/USD: Euro rushes downward
The pair EUR/USD is traded downward in the currency Forex market on Monday morning, continuing the trend which started on Friday night. By 9.05 MSK the Euro is at 1.2642 against ñlosing level of 1.2683 onFriday...
9 January 2012 | E*Trade
E*TRADE Launches Mobile Deposit for iPhone®
E*TRADE Financial Corporation (NASDAQ: ETFC) announced that E*TRADE Securities LLC has introduced mobile deposit for iPhone, enabling customers to electronically deposit checks to their brokerage or E*TRADE Bank accounts remotely with the use of their iPhone camera.
9 January 2012 | Alpari
David Hodge joins Alpari (UK) as Chief Marketing Officer
Alpari (UK) has appointed David Hodge as Chief Marketing Officer. David joins the company from IG Group, where he was Group Marketing Director
1 January 2012 | Broco
Schedule of Broco will be changed because of coming New Year holidays.
January 2-9 — holidays for marketing and IB departments.
1 January 2012 | Forex Club
Forex Club Holiday Hours
January 1, 2012: Act Trader, ExpressFX, RUMUS, And Mirrortrader opens at 23:00 PM GMT January 2, 2012: MT4 opens at 7:00 AM GMT

Currency converter

Daily Forex Reviews & Forecasts

27 January 2012 | LiteForex
EUR/USD: Euro is losing momentum
The pair EUR/USD remains close to five-week highs at the Forec currency market on Friday. By 9.15 MSK the Euro is at 1.3108 against yesterday's closing level of 1.3102...
27 January 2012 | Admiral Markets
U.S. Durable Goods Orders Rise
The United States (U.S.) Commerce Department reported durable goods sales orders increased by 3.0% to $214.5 billion. The figure, greater than the 2% analysts had projected, exhibited increasing strength in the manufacturing sector...
26 January 2012 | LiteForex
EUR/USD: Euro maintains at the highs of January
The pair EUR/USD is traded with no significant deviations at the Forex currency market on Thursday morning, remaining at the highs of the month. By 9.15 MSK the Euro is at 1.3109 against yesterday's closing level of 1.3112...
26 January 2012 | Admiral Markets
U.K. Economy Shrinks in Fourth Quarter
The Office for National Statistics (O.N.S.) reported the United Kingdom (U.K.) had lower gross domestic product (G.D.P.) in the final quarter of 2011 by 1.2%...
25 January 2012 | LiteForex
EUR/USD: Euro is waiting for new signals
The pair EUR/USD is traded slightly downward at the Forex currency market on Wednesday morning because there is no favourable news. By 9.15 MSK the Euro is at 1.3020 against yesterday's closing level of 1.3026...

Technical & fundamental analysis

27 January 2012 | ZIFX
Technical Analysis EUR/USD Lifted By Fed's Pledge
On Thursday Euro/Dollar increased with 95 pips, but lost all gains in the afternoon. The European currency appreciated from 1.3089 to 1.3184 yesterday, matching the positive Interbank sentiment projection at over +15%, closing the day at 1.3106...
27 January 2012 | Dukascopy
Fundamental Analysis
Talks on Greek debt swap resumed on Thursday as European finance ministers pressure private bondholders to take bigger losses on their Greek holdings...
26 January 2012 | ZIFX
Technical Analysis GBP/USD Accelerates Upwards, Reaching 1.57
On Wednesday Pound/Dollar continued rising with 150 pips. The Cable appreciated from 1.5531 to 1.5679 yesterday, in line with the positive Interbank sentiment at over +44%, closing the day at 1.5653. Today the British Pound ascended further, climbing up to 1.57...
26 January 2012 | Dukascopy
Fundamental Analysis
German business confidence improved for a third consecutive month in January, a sign Europe’s largest economy may avoid a recession. The Ifo institute’s business climate index, based on a survey of 7,000 businesses, rose to 108.3 from 107.3 in December...
25 January 2012 | ZIFX
Technical Analysis GBP/USD Uptrend Halted, What's Next
On Tuesday Pound/Dollar resumed recovering with 100 pips. The Cable appreciated from 1.5531 to 1.5629 yesterday, in line with the positive Interbank sentiment at over +44%, closing the day at 1.5623...





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