Best trading platforms in India
Quick answer: In India, trading is overseen by the Securities and Exchange Board of India (SEBI). Pick a platform that is regulated for India residents, accepts INR deposits, and has transparent fees.
What traders in India need to know
- Retail forex trading is only legal on currency pairs involving INR through SEBI-registered brokers on Indian exchanges.
- Trading forex CFDs with overseas brokers can breach FEMA rules; the RBI publishes an alert list of unauthorised platforms.
- Crypto gains are taxed at a flat 30% plus 1% TDS on transfers.
How to check a broker or bot is safe
Search the broker's legal name on the official register of the Securities and Exchange Board of India (SEBI). Make sure the website domain matches the registered entity, never send money to individuals or "account managers", and start with a small deposit to test withdrawals.