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Forex.com in India — review, licence and costs
Score (5 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%90
- Round-turn cost20%75
- Safety20%0
- Track record10%100
- Platforms10%30
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Forex.comThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Not served. Forex.com does not accept Indian residents and holds no SEBI registration; no Indian entity.
- Local standing
- Not applicable. FEMA prohibits OTC margin FX on non-INR pairs for residents; offshore FX CFDs are outside the permitted onshore-exchange framework.
- Licence as the register states it
- Not applicable. No SEBI licence; not authorised to solicit Indian retail clients.
- Leverage for this entity
- Not applicable.
- The firm behind it
- Brand of GAIN Capital, subsidiary of US-listed StoneX Group Inc. (NASDAQ: SNEX); tier-1 global group.
- What we hold against it
- Reputable globally, but does not onboard Indian residents; Indian OTC forex via foreign brokers is restricted under FEMA/RBI.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Not applicable.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot applicable. FEMA prohibits OTC margin FX on non-INR pairs for residents; offshore FX CFDs are outside the permitted onshore-exchange framework.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Not applicable. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Forex.com sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 10 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 100 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not applicable.
- Account currency
- Not applicable. No INR account; INR funding unsupported.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(60 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Forex pairs | 82 | — | —IN |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.8 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(1 for and 7 against, each tied to a figure on this page)
- Track record 100 of 100, its strongest of 5 scored axes
- Round turn 10 USD on the raw + commission basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 100 USD, over the India median 15
- Withdrawal time not published
- Safety 0 of 100, its weakest of 5 scored axes
- Not scored on payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 10IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #58
- Round turn, USD
- 9IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 400IN
- Rank in this country
- #29
- Round turn, USD
- 8IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 200IN
- Rank in this country
- #22
- Round turn, USD
- 11IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 3000IN
- Rank in this country
- #6
- Round turn, USD
- 8IN
- Rank in this country
- #47
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Forex.com |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 90 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 75 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 30 |
FAQ
- Does Forex.com accept residents of India?
- No. Not applicable. FEMA prohibits OTC margin FX on non-INR pairs for residents; offshore FX CFDs are outside the permitted onshore-exchange framework. Onboarding entity: Not served. Forex.com does not accept Indian residents and holds no SEBI registration; no Indian entity.
- Is Forex.com licensed to serve clients in India?
- Not applicable. No SEBI licence; not authorised to solicit Indian retail clients. Checked on 09.07.2026.
- How much does one round turn cost at Forex.com?
- About 10.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- How can I withdraw money from Forex.com in India?
- Not applicable.
- What account types does Forex.com offer?
- Not applicable.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.