Top 7 SEBI-Registered Forex Brokers in India for 2025
In India, the forex market has always caught the attention of traders. But why? For this, we need to thank its massive size, high liquidity, along with the fact that it operates five days a week and 24*7. But as you opt to trade forex with all the exciting opportunities come some pretty serious risks. That is the reason why having a regulatory norm is highly crucial, especially in a market scenario that is as fast-paced and unpredictable as forex. Forex Brokers in India for 2025 are expected to follow stricter regulations to ensure safer trading environments. The Securities and Exchange Board of India, or SEBI, is key in protecting investors and keeping the market trustworthy.
For several retail traders eager to dive into forex trading safely and legally in India, teaming up with SEBI-authorized forex brokers is highly crucial. Usually, these brokers follow strict compliance norms and practice transparent trading practices. Forex traders also ensure the safety of client funds.
In this blog, we will be reading about the top 7 SEBI-registered forex brokers in India for 2025, highlighting their credibility, several platform aspects, customer support, fees, and adherence to regulations.
Why Should You Go for a SEBI-Registered Forex Broker?
As we begin to discussSEBI-approved forex brokers list 2025 into the details, let’s take a short pause to check and understand why it’s indeed pivotal to choose a broker that’s regulated by SEBI.
Legal Protection: Providing legal protection means ensuring that the broker is following and operating as per Indian norms.
Fund Security: Fund security is another important aspect. SEBI makes it mandatory that forex brokers keep client funds separate for safety.
Transparency: Brokers under SEBI regulation provide honest pricing and execution.
Dispute Resolution: SEBI has issued norms to aid in resolving any issues clients may have.
Currency Pair Limitations: As mandated by SEBI, retail traders can only trade SEBI-approved forex pairs, like INR/USD, INR/EUR, and so on.
Top 7 SEBI-Registered Forex Brokers in India of 2025
Some of the major forex brokers in India for 2025 are as follows-
Zerodha
Zerodha is one of the renowned forex brokers operating in India, having SEBI Registration No.: INZ000031633. The company operates from its headquarters located in Bangalore, India
Why opt for Zerodha?
Zerodha is the largest retail brokerage in India and a well-respected name in the cosmos of stock as well as currency trading. Zerodha has its own in-house platforms like Kite and Console. These platforms are well drafted to be user-friendly, making them perfect for both forex beginners as well as seasoned traders.
Forex offering: With this platform, individuals can seamlessly trade major INR pairs like USD/INR, EUR/INR, GBP/INR, as well as JPY/INR. Moreover, Kite offers excellent charting as well as analysis tools.
Pros:
- Seamless navigation interface,
- It offers low brokerage fees
- Strong mobile-based application
Cons:
- You can have a limited selection of global forex pairs
- No support for MetaTrader 4/5
Upstox
This particular renowned platform comes with SEBI Registration No.: INZ000185137. This organization is headquartered and manages its operations from Mumbai, India.
What makes this organization unique is the backing of industry tycoons like Ratan Tata as well as Tiger Global. The company is rapidly developing and emerging as a go-to broker for trading futures and options on SEBI-approved forex pairs. This platform is well known for its user-friendly interface and competitive pricing.
Forex offering:
- It provides INR-based forex derivatives.
- Also caters to real-time currency data.
ICICI Direct
ICICI Direct is registered with SEBI with registration no. INZ000005231. The company operates mainly from its headquarters located in Mumbai, India.
What makes ICICI unique?
ICICI Direct is considered a trailblazer in the full-service brokerage scenario of India. The company operates as a subsidiary of ICICI Bank. With its seamless blend of banking along with several trading services, this platform rightly fits individuals who are considered conservative traders who rightly prioritize reliability in their financial partners.
Forex offerings: INR pairs that are readily available through NSE as well as BSE Forex trading are conveniently integrated with a 3-in-1 account.
Angel One
This firm was previously known as Angel Broking, highlighting its SEBI Registration No.: INZ000161534. The company’s headquarters are situated in Mumbai, India.
What makes the company unique?
Angel One stands out in this genre of trading with its innovative AI-driven ARQ Prime advisory system. This platform also offers a user-friendly mobile application. They cater to forex trading through MCX-SX and NSE, with a particular emphasis on INR-based currency pairs.
Forex offerings:
- Direct access to real-time market data
- Quick execution speeds on forex F&O.
HDFC Securities
HDFC Securities is registered with SEBI Registration No.: INZ000186937. The company has its headquarters located in the financial capital of India, Mumbai.
What makes the platform unique?
As a part and parcel of the renowned HDFC Bank, this full-service broker provides forex derivative trading on several Indian exchanges. The platform upholds impressive safety standards and norms, providing valuable research insights.
Sharekhan
Sharekhan is part of the BNP Paribas family, having operated in India for several years. The company is registered with SEBI under No. INZ000171337 and is located in Mumbai, India.
What makes the company unique?
Being a member of the global BNP Paribas group, the company Sharekhan offers traders robust, research-driven services along with good opportunities for forex trading through regulated Indian exchanges.
5Paisa
5 Paisa, with its unique and interesting name, is regulated by SEBI, having registration No.: INZ000010231. The company operates from its headquarters in Mumbai, India, and is a renowned name in this sector.
Why does it stand out?
Talking about 5Paisa, it is a tech-savvy discount broker that is perfectly fit for traders who are looking to save on costs. It caters to traders with SEBI-approved forex contracts with low fees and a user-friendly platform.
Forex offering: Futures and options on major INR pairs, along with lightning-fast execution.
Things to consider before selecting a forex broker
- Make sure the broker is SEBI registered.
- Check available currency pairs
- Look for platform features like fast execution, risk management tools, real-time data, etc, when you start trading.
- Check brokerage fees before
Above is a list of companies that are renowned forex brokers with RBI compliance. These organizations rightly follow RBI norms and are secure to carry on trade.
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Disclaimer – This blog is for informational purposes only. Before conducting any investment, it is advisable to carry out comprehensive research.
PAA (People Also Ask About) Forex Brokers in India for 2025
Which forex brokers are regulated by SEBI in India?
There are several forex brokers operating in the market regulated by SEBI in India. Some of the well-known names are Zerodha, Upstox, Angel One, ICICI Direct, Sharekhan, etc.
Is forex trading legal in India in 2025?
Forex trading is legal in India, but that’s possible only through SEBI-registered brokers and INR-based currency pairs.
Which is the safest forex broker in India?
Zerodha can be termed as the safest SEBI-regulated brokers .
Can Indian citizens trade forex legally?
Indians can trade forex legally with the assistance of SEBI-authorized brokers trading in INR pairs.
How do I start forex trading in India with SEBI brokers?
For forex trading, you need to first open an account, complete KYC, fund your wallet, and then you can start trading.
Which forex brokers offer INR trading pairs?
Zerodha, Upstox, 5Paisa, Angel One, Sharekhan,etc are some of the renowned forex brokers operating in India provides INR pairs.
