In India, forex trading is typically conducted through currency futures and options on regulated exchanges like NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). While platforms for trading are often provided by brokers, it's important to choose one that supports seamless execution, offers advanced charting tools, and complies with regulatory standards (such as SEBI).

Here are some of the best forex trading platforms in India that cater to both beginner and advanced traders:

1. MetaTrader 4 (MT4)
Regulation: SEBI (through registered brokers)
Overview: MetaTrader 4 (MT4) is one of the most popular forex trading platforms globally and is widely used in India. MT4 is known for its user-friendly interface, powerful charting tools, and automated trading capabilities via Expert Advisors (EAs).
Best For: Traders who prefer automation, advanced charting, and extensive customization options.
Key Features:
Customizable charting tools and indicators
Automated trading via Expert Advisors (EAs)
Multiple order types (market, pending, stop)
Supports demo and real accounts
Access to forex, indices, and commodities
2. MetaTrader 5 (MT5)
Regulation: SEBI (through registered brokers)
Overview: MetaTrader 5 is the successor to MT4, offering more advanced features. It supports multi-asset trading, meaning you can trade forex, stocks, commodities, and even cryptocurrencies (with the right broker). MT5 is ideal for traders who want more features than MT4, including a larger number of timeframes and additional order types.
Best For: Traders who want more advanced features and prefer to trade across multiple asset classes.
Key Features:
Supports forex, stocks, commodities, and more
Multi-currency strategy testing
Improved charting and technical analysis tools
Depth of market (DOM) feature for better market insight
More timeframes and order types than MT4
3. Upstox Pro (Upstox)
Regulation: SEBI (Registered with NSE, BSE)
Overview: Upstox Pro is a fast and easy-to-use trading platform designed for Indian retail traders. It offers a great mix of low-cost trading and advanced tools for analyzing markets. Upstox Pro offers trading across multiple asset classes, including forex futures on NSE and BSE.
Best For: Traders who want an intuitive, cost-effective platform with good charting tools.
Key Features:
Real-time data and advanced charts
Fast order execution
Paper trading (demo accounts) for beginners
Low brokerage charges
User-friendly mobile and web platforms
4. Zerodha Kite
Regulation: SEBI (Registered with NSE, BSE)
Overview: Zerodha Kite is one of the most popular trading platforms in India, especially among beginner and intermediate traders. While Zerodha is best known for its stock trading, it also offers currency futures and options. Kite has an intuitive interface, advanced charting, and low brokerage fees.
Best For: Beginners and cost-conscious traders looking for a reliable, low-fee platform.
Key Features:
Clean and easy-to-use interface
Advanced charting with indicators and drawing tools
Real-time market data
Integration with trading view for more charting features
Access to stocks, commodities, and forex (via NSE and BSE)
5. Upstox Pro Web & Mobile
Regulation: SEBI (Registered with NSE, BSE)
Overview: Upstox offers both a web and mobile trading platform, providing users with advanced charting tools, live price updates, and the ability to place market and limit orders. With Upstox Pro, traders can access currency futures and options for forex trading on the NSE and BSE.
Best For: Active traders who require flexibility and access to a mobile app for trading on the go.
Key Features:
Multi-platform access (desktop, web, mobile)
Real-time market data
Advanced charting and technical analysis tools
Customizable interface and alerts
6. Angel One (formerly Angel Broking)
Regulation: SEBI (Registered with NSE, BSE)
Overview: Angel One offers a trading platform that is well-suited for Indian forex traders, with easy access to currency futures and options. Angel One's smart API platform and user-friendly mobile app are suitable for both beginners and experienced traders.
Best For: Traders looking for a simple, reliable platform with good customer service and research tools.
Key Features:
Integrated research and advisory services
Real-time data with charts and analysis
Zero brokerage for delivery trades
Multi-platform accessibility (web, mobile)
Forex trading via NSE and BSE currency futures
7. Fyers One
Regulation: SEBI (Registered with NSE, BSE)
Overview: Fyers One is a feature-rich desktop trading platform designed for active traders. It offers various tools for technical analysis, real-time data, and order execution with minimal slippage. Traders can access currency futures and options on the NSE/BSE exchanges.
Best For: Experienced traders who want an advanced, customizable trading platform.
Key Features:
Fast and reliable order execution
Advanced charting with over 30 technical indicators
User-friendly interface for custom layout
Market depth and detailed stock data
Integrated order placement and risk management tools
8. ICICI Direct
Regulation: SEBI (Registered with NSE, BSE)
Overview: ICICI Direct is one of India's most trusted brokers, offering currency futures and options trading. While ICICI Direct is primarily focused on equities, it also offers forex trading with solid research and market insights. Its platform is suitable for both beginners and advanced traders.
Best For: Traders looking for a trusted, full-service platform with research-backed trading insights.
Key Features:
Detailed market research and insights
Access to multiple asset classes (stocks, commodities, forex)
Secure trading environment with excellent customer service
Web and mobile trading access
9. Motilal Oswal
Regulation: SEBI (Registered with NSE, BSE)
Overview: Motilal Oswal offers a powerful trading platform for forex, including currency futures and options. It is known for its comprehensive research reports, market insights, and educational materials. The platform offers both web and mobile versions.
Best For: Traders who want strong research tools and market insights along with forex trading.
Key Features:
Detailed research reports and market analysis
Easy-to-navigate platform with real-time data
Multiple trading products (equities, forex, commodities)
Mobile and desktop access
10. HDFC Securities
Regulation: SEBI (Registered with NSE, BSE)
Overview: HDFC Securities offers a robust trading platform for forex, including access to currency futures on NSE and BSE. Known for excellent customer service and solid research, HDFC Securities is well-suited for traders who need reliable market analysis and seamless trading execution.
Best For: Traders looking for a premium, well-supported platform with strong research tools.
Key Features:
Real-time data and advanced charting
Seamless integration with HDFC bank accounts
Strong research reports
Mobile and desktop trading access