FXTRADING.com India Review 2024 - TU expert opinion
Is the Forex market legit in India?
Forex trading is legal in India. Anybody can become a trader. However, there are important nuances to consider. In particular, you can trade in the financial market in India only with a regulated broker. The Securities and Exchange Board of India (SEBI) is the financial regulatory body of the country. Legal brokers offer access to trading currency pairs and Forex options. Under the SEBI rules, the following currency pairs can be traded in India:
-
EUR/INR
-
GBP/INR
-
JPY/INR
-
USD/INR
-
EUR/USD
Other currency pairs and also CFDs are officially prohibited in India. Therefore, such instruments can be found only at offshore brokers. However, trading with offshore brokers could lead to big issues with the tax authorities.
How to Trade Forex in India
In order to trade on Forex in India, you are not required to obtain some special status. You need to choose a broker, visit its website and register. Verification of trading accounts is mandatory for traders from India. After that, you can fund your account and start trading.
Analysis of the Main Features of FXTRADING.com in India
Traders Union analysts analyzed the key features of FXTRADING.com for traders from India. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for FXTRADING.com traders from India
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of FXTRADING.com trading conditions for traders from India. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
Desktop MT4, Mobile MT4, Web Trader MT4, MT5
|
---|---|
📊 Accounts: |
Alpha Account, Standard Account
|
💰 Account currency: |
AUD, USD, EUR, GBP, SGD, NZD, CAD
|
💵 Replenishment / Withdrawal: |
Xpay, PayTrust, Southeast Asia Local Bank Transfer and Spayz
|
🚀 Minimum deposit: |
50$
|
⚖️ Leverage: |
1:500
|
💼 PAMM-accounts: |
Yes
|
📈️ Min Order: |
0.01
|
💱 Spread: |
Raw Spreads
|
🔧 Instruments: |
Forex Currency Pairs, Commodities, CFDs on Indices, Spot Metals, Share CFDs, Energies, Crypto CFDs
|
💹 Margin Call / Stop Out: |
100%/50%
|
🏛 Liquidity provider: |
No
|
📱 Mobile trading: |
Mobile Platforms
|
➕ Affiliate program: |
Yes
|
📋 Orders execution: |
Market execution
|
⭐ Trading features: |
Web Trader; Crypto CFDs; Customer support 24/5.
|
🎁 Contests and bonuses: |
Yes
|
FXTRADING.com Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by FXTRADING.com for traders from India. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
The broker compensates for non-trading fees on deposits and withdrawals. As a fee for performance of transactions with financial instruments, FXTRADING.com charges spread (Standard accounts) or spread + commission per lot (Pro accounts).
Account type | Spread (minimum value) | Withdrawal commission |
Standard | $10 | No |
Pro | $3.5 | No |
- TriumphFX India Review
- FXChoice India Review
- Saxo Bank India Review
- RoboForex India Review
- MTrading India Review
- Admiral Markets India Review
- XM India Review
- Forex4you India Review
- NordFX India Review
- FXTM India Review
- Trust Capital India Review
- FP Markets India Review
- Amarkets India Review
- HotForex India Review
- EagleFX India Review
- HugosWay India Review
- InstaForex India Review
- Dukascopy India Review
- Libertex India Review
- Gann Markets India Review
- NAGA India Review
- OANDA India Review
- IC Markets India Review
- Alpari India Review
- JustForex India Review
- Swissquote India Review
- MultiBank India Review
- AximTrade India Review
- ZFX Broker India Review
- AvaTrade India Review
FAQs
Is FXTRADING.com legal in India?
Yes. FXTRADING.com operates legally in India. The broker holds the necessary licenses.
Can you learn trading with FXTRADING.com? Does the broker offer courses for traders from India?
Yes, FXTRADING.com offers good trading courses and a lot of educational information for clients from India.
Can FXTRADING.com be trusted? Has the broker been operating in India long?
FXTRADING.com has been operating in India quite long and has a good reputation. Therefore, traders can work with FXTRADING.com.
Is FXTRADING.com suitable for novice traders from India?
Yes. FXTRADING.com offers optimal trading conditions and good education for beginners from India.
How efficient is FXTRADING.com customer support in India?
FXTRADING.com offers a sufficient number of ways to contact customer support in India, and also provides support in the state language.
Has FXTRADING.com had any incidents involving theft of funds of clients from India?
No. FXTRADING.com provides reliable security of funds of clients from India.
Will I be able to file a lawsuit in India if FXTRADING.com violates my rights?
Yes. If FXTRADING.com violates your rights, you can file a complaint with the regulator of India, and then with a court.
Can FXTRADING.com clients from India use the broker’s mobile app?
Yes. The mobile app of FXTRADING.com is available for the clients from India.
Does FXTRADING.com provide India market analysis?
Analysis of India is featured in the information provided by FXTRADING.com.
How can I withdraw funds from my account at FXTRADING.com in India?
FXTRADING.com supports bank transfers and debit/credit cards of the banks operating in India.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!