Any Legit Indian Broker ?

[Meetu]

Hello,
I am Meetu, and i joined this forum as i know there are lots of experienced traders and i need advice about choosing some Indian Broker for my trading needs from where I can get support within India, preferably if there is some office i can visit..
Can anyone suggest me India Based Legit Broker ?

I gathered information online, and i found these brokers offering support in India :
www.Alpari.in
Forex market, forex quotes (rates), forex exchange rates
fxcm.com (They are all time good in providing support)

I received call from a representative from weltrade.in and we talked alot about trading, but there is no Paypal as an deposit option..whereas I can deposit with Paypal if i open account with alpari :-\
I am totally confused,
Please share your views..

 

[Meetu]

I was still waiting for someone's response.. :-\

Can anyone compare Forex market, forex quotes (rates), forex exchange rates and Alpari (India) | Currency Derivatives (CD) Brokers | Online Currency Derivatives Trading Company for Indian Residents ?

 

[Krachuk]

You may want to check this link: Forex Ratings India - Indian Forex Broker Rating. Top Rated Indian Forex Brokers
Invariably, most of the Forex Brokers have their offices all over the place.

There is nothing like a "legit Indian Broker", as all who are Brokers are definitely "legit" (as you say) or else they can't be in the trade.
However, if you are referring to the practice of ethics then that is purely subjective. FPA forums are excellent to review some of the Brokers as and when it is brought to the notice of its members. Why not do your research and open a thread to seek out member reviews ?

 

[Pharaoh]

I posted a response to another of your Indian Brokerage questions here:

https://www.forexpeacearmy.com/fore...ng-weltrade-india-based-broker.html#post99139

 

[prasanna316]

Hello,
I am Meetu, and i joined this forum as i know there are lots of experienced traders and i need advice about choosing some Indian Broker for my trading needs from where I can get support within India, preferably if there is some office i can visit..
Can anyone suggest me India Based Legit Broker ?

I gathered information online, and i found these brokers offering support in India :
www.Alpari.in
Forex market, forex quotes (rates), forex exchange rates
fxcm.com (They are all time good in providing support)

I received call from a representative from weltrade.in and we talked alot about trading, but there is no Paypal as an deposit option..whereas I can deposit with Paypal if i open account with alpari :-\
I am totally confused,
Please share your views..

Dear Meetu

Your name provokes me to say ME TOO. Don't mind, as some years back I was in your situation, hence ME TOO.

There are certain things you must know.

1) Trading forex in India is illegal. You may land in jail.
2) Alpari and others who have offices in India and registered with SEBI, offers only these 4 pairs, under the rule of RBI, they are EURINR,GBPINR,USDINR,JPYINR. These pairs do not have liquidity, hence scam prone as Indian stock market.
3) None of the broker provide Mt4 Trading platform to Indian customers

So accordingly you decide.

Thanks
Prasanna