Money buys happiness, and the best Forex trading apps in India help you buy money! That’s right! Best Forex trading apps in India can put you on the path to earning millions. Let’s dive in!
Gone are the days when making money meant clocking into an office. Welcome to the digital era, where the rules of making money have changed.
The top Forex trading apps let you earn from wherever you are, turning your favorite spot into a money-making haven.
In this article, we’ll explore the top Forex trading apps for PCs, and show you how they can help you rake in the cash. We’ll also break down the essential features these apps offer.
Short of time!! Below, we have mentioned a nice and comprehensive table that contains the important Forex trading apps in India.
| Trading Apps | Speciality | Brokerage | Platform |
| Zerodha | Free Trading Account | ₹20 | Forex Trading |
| Upstox | Tick-by-Tick charting | ₹20 | Forex Trading |
| Groww | Advanced Tools | 0.08% per trade | Forex Trading |
| Exness | 2FA Account security | ₹0 | Forex Trading |
| AngelOne | Secure payment | ₹0 | Forex Trading |
| AvaTrade | Mobile friendly | ₹0 | Forex Trading |
| OctaFX | Clear view maps | Price not transparent | Forex Trading |
| FXTM | Good for Pros | ₹0 | Forex Trading |
| JustMarkets | Amazing security | ₹10 | Forex Trading |
So, no more waiting—let’s kick off this exciting journey!
10 Best Forex Trading Apps in India 2024, October
Below, we have brought to you a list of the 10 Best Forex Trading Apps in India October, 2024 giving you effortless way to trade in foreign currency with Zero to low brokerage fee, advanced japanese candlesticks charting, tools to analyze chart movement like Parabolic SAR and Alligator, User-friendly interface for easy trading placing option and multiple payment gateways for quick deposits plus easy withdrawal as well.
1. Zerodha – Overall Best Forex Trading Apps in India
First, we have Zerodha, one of the best Forex Trading Broker Apps, even backed by one and only founder of Unicorn Bharat Pay Ashneer Grover, that offers a User-Friendly interface with easy navigation and one click trade and Stop loss function as well.
Plus no complex documentation is required to open a Free Trading account. Are you worried about unnecessary calls and notifications? Then in that case, Zerodha guarantees no push notifications so that you can focus on the growth of your trading account.
Key Specifications
Pros and Cons
Pros
- Start with a small investment
- Fully Legal currency pairs
- Advanced trade analysis tools
Cons
- Only 4 currency pairs are available limiting the options
Plans & Pricing
2. Upstox app – Best Forex Trading Apps In India
Now in the list is Upstox app, with its powerful trading features offers you an Overall Best Forex trading experience in India 2024. One of the Best features of Upstox app is that it offers a Smartlist that jots down all the forex pairs with the latest trends in order to help you take analysis before placing a rightful trade.
Along with all of that, you also get Free tutorials and trading related pdfs on the forex market to let you understand the price fluctuations and chart analysis so that as a newbie you can get a proper market study before actually starting trading.
Key Specifications
Pros and Cons
Pros
- Modern Charting feature with guaranteed accuracy
- Quick & Easy Trading related navigation
- Easy Trading Account opening
Cons
- Charting pattern is a lot more technical! May take time for a newbie to understand.
Plans & Pricing
3. Groww – Online Demat, Trading, & Direct Mutual Fund Investment in India
Groww, one of the Best Forex trading Apps in India, offers trading options in various currency pairs like USD/INR; EUR/INR and so on, with a proper market trend and price analysis, helping the newbie execute orders as per the plan. Moreover, Groww app is even famous among the traders as it is easy to open a trading account with it.
Plus with a very low investment, you can start trading in Forex pairs and even ensure seamless withdrawal of profits on time. Groww app doesn’t just facilitate trades; it enhances every aspect of the trading experience, ensuring that you never miss a crucial moment in the fast-paced world of Forex trading.
Key Specifications
Pros & Cons
Pros
- Nice User Friendly Interface! Candlestick chart is amazing
- Quick availability of tools like trend lines, SMA, EMA and many more.
- Easy deposits and withdrawals for greater focus on trading.
Cons
- Newbies may require a tutorial for basic navigation issues.
Plans & Pricing
4. Exness – Leading Trading Broker In India
Exness is recognized as one of the Best Overall Forex Trading apps for PC, offering a comprehensive suite of features designed to enhance trading efficiency and flexibility. With advanced order execution capabilities, including trailing stops, guaranteed stop loss, and partial trade closures, Exness ensures that traders have the tools they need to manage their trades with precision.
The platform also includes robust chart analysis features, providing traders with detailed insights into market movements. Whether you’re a seasoned trader or new to the Forex market, Exness equips you with the tools and knowledge needed for successful trading.
Key Specifications
Pros & Cons
Pros
- Quick trade order and stop loss feature
- Advanced charting techniques to study the price fluctuations.
- 24/7 support services if in case the need be.
Cons
- Limited Foreign currency pairs available.
Plans & Pricing
5. Angle One – Forex Trading & Stock Broking in India
AngelOne simplifies even the most complex trading scenarios, making it an ideal choice for traders looking to implement top strategies with ease. Its robust trading system ensures swift trade executions, effective stop loss management, and access to advanced tools that enhance flexibility and convenience.
AngelOne also offers over 30+trading indicators, 6 timeframes, and interactive charts, capturing the attention of seasoned professionals. These features empower traders to perform at their best, making AngelOne a standout platform for efficient and effective trading.
Key Specifications
Pros & Cons
Pros
- Advanced Trading tools for better price analysis
- Secure payment means and multiple payment options
- Tutorials and How to blogs for newbies who are new in trade
Cons
- Newbies would take time to understand the application
Plans & Pricing
6. Avatrade – Best Forex & CFD Trading in India
AvaTrader is the Right Forex trading app designed specifically for professionals who demand precision and speed in their trading activities. The app offers quick trade execution at the best possible prices, ensuring that you capitalize on market movements instantly. It also provides comprehensive fund protection with 100% security, giving you peace of mind while trading.
With real-time currency rates and advanced technical indicators, AvaTrader ensures you are always equipped with the latest market data. Beyond these features, AvaTrader empowers traders with an array of sophisticated tools, including oscillators, SMA and parabolic indicators.
Key Specifications
Pros and Cons
Pros
- Easy to Use graphical interface with engaging charting patterns.
- Quick deposits and withdrawal with Zero issues
- Legal in India and invites no unlawful elements.
Cons
- Less currency pairs to trade with.
Plans & Pricing
7. OctaFX – Best Smooth Trading Experience
Here, we have OctaFX with its crystal-clear Forex charts, providing in-depth price analysis to help traders grasp market trends more effectively. To further enhance the trading experience, the app offers three types of alerts, ensuring you’re well-prepared before executing any trades. With its combination of educational resources, practice opportunities, and real-time trading tools, OctaFX is a go-to choice for both novice and experienced traders alike.
Moreover, OctaFX has an amazing option of closing the trade as soon as your profit target is achieved before the real expiration.
Key Specifications
Pros and Cons
Pros
- Advanced trading tools with easy to use settings
- Engaging chart patterns for greater price analysis
- Easy to set up trading account plus no unnecessary documentation
Cons
- Prices are not transparent
Plans & Pricing
8. FP Markets – Best Forex & CFD Trading Provider
Let’s dive into FP Markets, one of the top-rated Best Forex trading apps in India known for its intuitive and user-friendly interface, making it easy to buy and sell currencies in real-time. For those who are new to Forex trading and need a helping hand, FP Markets comes equipped with the FP Markets Academy.
This in-built tutorial platform offers up-to-date educational content that guides beginners through the trading process. Additionally, new users can take advantage of a demo account loaded with $20,000 in virtual funds, allowing them to practice and hone their skills without any financial risk.
Key Specifications
Pros and Cons
Pros
- Free 30 Days trial on Demo account with Virtual money
- Trading content and tutorials available for newbies
- 24/7 support services via LiveChat
Cons
- Pricing is not kept transparent
Plans & Pricing
9. JustMarkets – Best Forex Lowest Spreads, High Leverage Apps in India
Famous for robust chart analysis, JustMarkets happens to be One of the Best Forex Trading Apps in India providing traders with detailed insights into market movements. A standout feature of JustMarkets is its Trade Pattern Recognition Scanner, which offers 24/7 surveillance on price patterns, enabling traders to make informed decisions before committing to significant investments.
To further support traders, JustMarkets provides comprehensive news analysis for accurate price predictions, keeping users informed of the latest market developments. Additionally, the platform offers detailed tutorials on using various trade indicators, making it easier for beginners to grasp essential trading concepts and strategies.
Key Specifications
Pros and Cons
Pros
- Performance analysis interface to let you know where you stand
- Easy to manage application that offers quick trading related navigation
- Quick deposits and withdrawals with Zero failures and negligible downtime.
Cons
- Greater amount of deposits in real account
Plans & Pricing
10 FXTM – Best Online Trading Broker in India
FXTM is renowned for offering one of the best Forex trading apps tailored for professionals seeking faster execution of trades at optimal prices. With this app, traders benefit from 100% security of funds, real-time currency rates, and advanced technical indicators, ensuring they stay ahead in the market.
The app’s quick investment deposit and rate conversion features make managing trades seamless and efficient. Traders also have access to a suite of free advanced trading tools, including Oscillators, SMA, EMA, Parabolic, and more, empowering them to thoroughly analyze market trends before executing trades.
Key Specifications
Pros and Cons
Pros
- Zero Brokerage lets you focus on trading.
- Proper Payment medium via Google Pay/ Skrill/ Bank Transfer.
- Easy to use interface makes it an effortless trading ground for newbies.
Cons
- Not enough Currency exchange rates available.
Plans & Pricing
Factors To Consider When Choosing The Best Trading App In India 2024
Having so many Forex Trading platforms to choose from? Can’t decide which one can make a difference? Then, in that case, keep in mind the following basic points when picking the right Forex trading app in India:
All of the points mentioned above are the most basic factors that one should consider when choosing the Best Forex trading app in India.
Difference between Online Trading and offline Trading
Most of you readers must be thinking about the difference between online trading and offline trading. Well! In that case, we have tabled a few points of difference as under:
| ONLINE TRADING | OFFLINE TRADING |
| No access to any tools | Trade through brokers via phone calls |
| Faster mode of trading | Slower mode of trading |
| Access to a lot of trading tools | No access to any sort of tools |
| Less amount of Brokerage | Higher amount of Brokerage |
| Have security issues | Zero Security Issues |
The table given above helps one easily understand the significance of Online and Offline Trading.
How to download a Forex Trading App in India- Step by Step Guide
Now! Here, we have listed step-by-step guidelines of how you can easily download a Forex Trading App of your choice. Let’s just say you chose OctaFX due to its easy-to-manage interface, minimum deposit, 7+ Forex pairs and support trading expert via Live Chat if you encounter an issue.
Follow the steps given below to successfully download a Forex Trading App:
![10 Best Forex Trading Apps in India [current_date format='Y, F']- Top Picked](https://googiehost.com/blog/wp-content/uploads/2024/08/image-5.png)
![10 Best Forex Trading Apps in India [current_date format='Y, F']- Top Picked](https://googiehost.com/blog/wp-content/uploads/2024/08/image-4.png)
![10 Best Forex Trading Apps in India [current_date format='Y, F']- Top Picked](https://googiehost.com/blog/wp-content/uploads/2024/08/image-3.png)
![10 Best Forex Trading Apps in India [current_date format='Y, F']- Top Picked](https://googiehost.com/blog/wp-content/uploads/2024/08/image-2.png)
![10 Best Forex Trading Apps in India [current_date format='Y, F']- Top Picked](https://googiehost.com/blog/wp-content/uploads/2024/08/image-1.png)
See, it is that easy! As compared to earlier days where trading was a herculean task, now, after the usage of the internet at every second of our life, trading has become a piece of cake.
SEBI vs. Globally Operating Forex Trading Apps: Which Apps Should You Choose and Why?
When choosing the Best Forex trading apps in India, this question always pops up in our minds. Which app to choose, a SEBI-backed Forex platform or a Globally operating Forex trading app? Here are important suggestions that make us understand which one to go for:
As far as beginners from India are concerned, traders should choose SEBI backed Forex trading apps like OctaFX, AngelOne or Groww app, ensuring full protection to their investment and information as well.
Latest Innovations in Forex Trading Apps in India
In Forex trading, Latest Innovations and advancement has made it more powerful and user-friendly.
You have expert trading tools like moving averages, exponential average, parabolic SMA and many more letting you study the price market amazingly.
Innovations even improvised security and made it more encrypted over the years, due to which the data loss and unauthorized access has been reduced.
FAQ’s- Forex Trading Apps India
What is a Forex Trading App?
In simple terms, the Forex Trading app refers to an application software that allows users to buy and sell foreign currencies online. These apps give access to the global forex market enabling traders to place trades, analyze market trends and use various tools for studying technical price aspects as well.
How do Forex Trading Apps Work?
Forex trading apps work by connecting users to the global Forex market through a brokerage Trading platform. Once you download the Trading app and create an account, you can deposit funds and start trading. You can place orders to buy or sell currency pairs, and the app executes these orders in real-time.
Are Forex Trading Apps Safe?
Yes! Forex trading apps can be safe if they are provided by reputable and regulated brokers. It’s important to choose an app that is regulated by recognized authorities, such as SEBI in India. Most legitimate apps also use strong encryption, two-factor authentication (2FA), and other security measures to protect your data.
Is Forex Trading Illegal in India?
No! Forex trading is not illegal in India, However, it is heavily regulated by the Reserve Bank of India (RBI). Indian traders are allowed to trade only certain currency pairs, which involve the Indian Rupee (INR). Trading in pairs that do not include INR is considered illegal under Indian law.
What are the Best Forex Trading Apps in India?
Zerodha, OctaFX, AngelOne and Groww are the Best Forex Trading Apps in India in terms of easy interface, advanced trading live tools, engaging charting experience and more importantly that SEBI regulates all of them.
Do I Need to Pay Taxes for Forex Trading in India?
Yes, Profits from Forex trading in India are subject to taxation. Income earned from Forex trading is considered as either capital gains or business income, depending on your trading activity. Short-term capital gains are taxed at your applicable income tax rate, while long-term gains may be subject to a lower rate.
Which is Better for Trading, Laptop or Phone and Why?
If you are travelling, then a phone; if you are at your place, then a Laptop or PC can be useful as per the comfortability of the trader. The most preferred device would be a laptop due to the following reasons:
1. Trading platforms on laptops often provide more advanced tools and features
2. The laptop offers a larger screen, allowing you to view multiple charts
3. Laptops generally have more processing power, enabling faster execution of trades
Can I Trade all Currency Pairs on a Forex Trading App?
No! Not all currency pairs are available for trading on every Forex trading app, especially in India. As per Indian regulations, you can only trade currency pairs that include the Indian Rupee (INR), such as USD/INR, EUR/INR, GBP/INR, and JPY/INR.
Final Thought
If you’re on the hunt for the best Forex trading app, Zerodha, OctaFX, and AngelOne should be at the top of your list. Start with a risk-free demo account to build your confidence, then dive into real trading backed by AI-powered bots delivering top-tier currency signals.
Beginners can quickly get up to speed with advanced trading tools and tutorial videos, while experienced traders will appreciate the quick trade executions and easy performance tracking.
Licensed brokers are available 24/7, offering expert guidance whenever you need it. With these advanced features, your trading experience will be more profitable and rewarding. Try it today—you might just find your ideal trading partner!
