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Best Introducing Brokers allowed to trade in India. Rating with real reviews

Forex trading seems to be difficult. To make a profit, you don't necessarily need to trade on foreign currency markets. Copy trading has existed on the market for a long time. This allows you to copy transactions from successful traders into your account. Connect to the service, and choose an account that you want to copy in order to make profits. Copy trading is an automated trading system that copies transactions from one account to another. How is this possible, you ask? Transactions can be copied from specific platforms. After you have registered on a platform you can select a provider to receive his signals. After the trader completes his transactions, they will be automatically replicated in your trading account.
JustForex Pros
Although the profit margin is lower, the risk of losing all your money is reduced.
A losing deal can be hedged with a profitable one
This will help to reduce losses and keep you from losing all of your money at once
This allows you diversify your risk exposures
You can select as many signal providers you wish
Enjoy more time. You don't need to spend too much time looking at the market.
Your trading style. The signals provider that best suits your trading style can be chosen
Professional traders trade
Transactions can make you money, no matter your level of skill
JustForex Cons
Always turn on the trading platform/terminal
The brain can be relaxed if the muscles aren't used.
You don't pay enough attention to the market and don't learn from your errors. This makes it difficult for you to do technical and fundamental analysis.
You could lose your originality by copying another person's deal
Copy trading can be dangerous
Even though trades can be profitable, signals providers may make mistakes and turn negative.
Forex can be unpredictable and ambiguous.
Our vision was to create a Forex trading platform that allows traders to access all of the products available on global markets. Traders choose FP Markets because they can trade CFDs in Forex, Shares and Indices from one account. Our deep understanding of traders is what sets us apart from other competitors. Our clients can trade with confidence when they have the right combination of price, execution speed and cutting-edge platforms. We also know that our customers need customer support and market analysis. As a global forex broker, we are committed to our clients' interests. Our firm commitment to excellence is what makes us one the most respected forex brokers in the world.
FP Markets Pros
FP Markets was founded in 2005. It is regulated by one tier-1 and one tier-2 jurisdictions, making it a safe broker (average risk) for trading forex or CFDs.
FP Markets offers MetaTrader Suite, as well as ultra-competitive spreads via its Raw ECN account.
FP Markets was again voted Best in Class for MetaTrader and Commissions and Fees in 2022.
FP Markets offers access to Iress Platform Suite which has over 8,800 tradeable symbol.
FP Markets Cons
Although the new mobile app by FP Markets is a welcome addition, it still lacks many features that are common in top mobile trading apps.
Although the educational content of FP Markets isn't particularly strong, it has improved over time with podcasts and more articles.
FP Markets' Iress platform focuses more on share trading than forex. Data fees can quickly add up if you are not an active trader or have a high-balance accounts.
FP Markets' social trading portal is compatible with MetaTrader 4 but lacks advanced performance metrics like copy trading leaders.
HotForex, a winning commodities and forex broker, offers trading services and facilities for both institutional and retail clients. HotForex is the preferred forex broker for traders around the world because it offers the best trading conditions and allows scalpers and traders to use expert advisors unlimited access to its liquidity. HotForex offers a variety of accounts, trading software, and tools that allow individuals and institutions to trade Forex and derivatives online. All Affiliate, White label clients can access liquidity and spreads via automated trading platforms. HotForex offers a wide range of account options so clients can choose the one that best suits their trading needs. HotForex offers clients at all levels the tools, and services that will help them realize their trading goals.
HotForex Pros
FX Blue Labs has developed Premium Trader Tools that enhance the default MetaTrader suite.
HotForex is able to balance in-house market analysis with third-party research content and news.
Special research reports are produced by an in-house team, including quarterly, annual, and monthly outlooks.
HotForex's Traders Board module offers sentiment and correlation data.
HotForex Cons
HotForex's educational content is lacking in quality, despite a good selection of videos.
All account types have trading costs slightly higher than the industry average.
HotForex's copy trading platform HFcopy requires 300 EUR to copy existing strategies. It is less mature than eToro’s offering.
Although the HF app has been improved, trading is not allowed. HotForex traders can only use MetaTrader.
OctaFX provides a low-cost, basic MetaTrader platform experience along with its social copy-trading platform. Although it has made significant progress in pricing options for traders but lacks a wide range of tradeable instruments as well as a variety of educational content, OctaFX is still a poor choice. OctaFX is also a holder of one regulatory license.
OctaFX Pros
OctaFX was founded in 2011 and is regulated by only one tier-2 jurisdiction (Cyprus). This makes it a high-risk broker in forex and CFD trading.
Keeps an increasing number of well-organized research with trading ideas, weekly forecasts and third-party content.
OctaFX is a brand new platform for social copy-trading.
OctaFX Cons
Customers who are served by the broker's offshore non-regulated entity in Saint Vincent & the Grenadines, (SVG), do not receive any regulatory protection.
OctaFX seems to have competitive trading costs. However, its listed spreads don't have corresponding date ranges and are paired only with a small selection of over 50 tradeable symbol pairs.
OctaFX is unable to compete in education with multi-asset brokers.
OctaFX no longer offers cTrader's platform.
Interactive Brokers is a trusted multi-asset broker that offers a wide range of global markets. It offers competitive fees, high-quality education and research, and a modern, institutional-grade trading platform. MetaTrader will be a great platform for professional traders. It offers advanced trading tools and order types that are very sophisticated. However, this may prove overwhelming to beginners.
Interactive Brokers Pros
Interactive Brokers was founded in 1977 and is publicly listed (NASDAQ: IBKR). It is regulated in six Tier-1 jurisdictions making it a safe broker (low risk) to trade forex and CFDs.
Interactive Brokers has a trustable, well-capitalized brokerage with Ending Client Equity in excess of USD 373.8 billion and Equity Capital in excess of USD 10.01 trillion. Interactive Brokers allows customers to trade on a wide range of financial markets worldwide, including stocks and options, futures and spot forex.
Traders have access to 135 markets centers in 33 countries and 23 currencies. Not available for U.S. residents: Retail spot forex trading cannot be done. (For U.S. forex trades, please see our U.S. Forex Trading Guide). forex brokers guide
Interactive Brokers' web-based Client Portal has been improved and is easier to use for forex trading. It also includes news headlines and an economic calendar.
The Trader Workstation (TWS), a desktop platform that allows for advanced trading tools, is a great choice for professionals and seasoned traders.
This allows for highly complex order types, which can prove to be an advantage in advanced forex trading strategies.
Spot gold and spot cryptocurrencies were launched in 2021, including bitcoin trading in the U.S.
More than a dozen micro-futures are available, including major forex pairs.
Interactive Brokers Cons
Although it is great for professionals, the Interactive Brokers' Trade Workstation (TWS), desktop platform for traders, can be too complex for novice traders.
MetaTrader does not exist as an alternative platform option.
FXTM was created because trading was too exciting for the few. We were traders ourselves and saw the potential of the web to bring opportunities to everyone who was willing to take a risk and learn. To help the world find opportunities, we set three guidelines. Trust. If there is the right licensing and regulation in place, anyone who chooses to trade with us will be able to do so with complete peace of mind. We promised to keep customer funds separate so that no one would lose their money if things go south. We pledged to be transparent, honest, and open. We promised transparency and honesty, with no hidden fees or secrets in our trading stats. Access. Everything should be possible. It should be possible to trade it if Warren Buffet can trade it. We offer free access to world-class, money-cannot-buy education because you cannot profit from what it isn't. Value. Our agreement was to keep trading costs as low as possible, and to partner with our customers in order to help them become profitable traders. After all, if you do well, we do well. Everything we do is still weighed against the "three mores". More trust, access and value. FXTM offers you more.
FXTM Pros
A wide variety of trading accounts are available
A large selection of training materials are available
Automated trading programs
MT4 or MT5 are the most used trading platforms.
FXTM Trader is a proprietary mobile trading application.
Four jurisdictions have major financial regulators that supervise the activities of brokers.
FXTM Cons
Copy trading is not available for investment.
The broker is closed Saturday and Sunday
IC Markets is a well-known Forex CFD provider. They provide trading solutions for active traders and scalpers, as well new traders to market. IC Markets offers its clients cutting-edge trading platforms, superior liquidity, and low latency connectivity. IC Markets is revolutionizing online forex trading. Traders have now access to pricing previously only available to high-net-worth individuals and investment banks. Our management team is well-versed in CFD, Forex, and Equity markets in Asia as well as North America. We have been able to identify the most efficient technology solutions and best pricing providers on the market thanks to this experience.
IC Markets Pros
The market activity is lower, which means there are less chances for major events.
Swing trading is more popular with scalers because they prefer to make smaller trades and capture greater market movements.
A scalper can still make small profit even in quiet markets
Scalers are able to quickly add trading accounts into your account.
This category allows traders to focus on technical analysis but should also keep them informed about any macroeconomic events that are scheduled for release
IC Markets Cons
This is not the best option for people who have full-time commitments.
To maintain tight spreads, trades with liquid currency pairs must be made
For traders who miss larger moves in the market, small gains can be very costly.
These commissions can be very expensive.
VT Markets strives to provide exceptional trading environments for its clients. We exceed the expectations of global financial regulators. We understand that traders in this sector want to trade with security and confidence. Over 200,000 trading accounts are currently open from clients around the world who trust us to protect their assets each day.
VT Markets Pros
VT Markets, a regulatory agency in a tier-3 country, is VT Markets. It is also part of Vantage Group, which has licenses in two countries tier 1.
VT Markets provides the entire MetaTrader suite and premium trading tools via Trading Central.
Trading costs at VT Markets vary from an average rate when using the VT Markets ECN Account to a high price if you choose the Standard account option.
VT Pro – The broker's mobile app - is simple to use and provides news headlines, research and much more.
Third-party support such as ZuluTrade copy trading and trading signals via Accessage
VT Markets Cons
VT Markets has fewer symbols than the many markets at Saxo Bank and IG.
VT Markets only offers a small amount of educational content. This makes it more competitive than other companies.
Access to Trading Central Tools requires a minimum $1,000 deposit
Upstox, a low-cost tech-first broking company in India, offers trading opportunities at unbelievable prices. Upstox provides trading in equities, currencies, futures, and other segments through its Upstox Pro Web or Upstox Pro Mobile trading platforms. Upstox also offers website-based and mobile trading. RKSV has built Upstox's trading platform in-house. This makes it easy to place orders via mobile and web browser. Upstox currently does not offer a trading terminal.
Upstox Pros
These are some of the benefits of Upstox. Before opening an Upstox account, you should read the Upstox benefits and disadvantages. Upstox pros & cons will help you determine if it is right for your investment needs.
Maintaining an account with Rs 0 Demat is free.
Flat Rs 20 per trade brokerage in all segments, including intraday, delivery, and F&O at BSE or NSE.
Mobile trading app for Android and iOS. There are no software charges.
Both web and mobile versions of After Market Order (AMO), and Cover Order are both available.
Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
Orders for Good-Tilling-Triggered (GTT), are available in Equity or commodity.
Upstox Pro Web Trading Platform provides multiple indicators that allow you to monitor the markets wherever you are.
Upstox Bridge for AmiBroker allows you to code and execute your trading strategy with the AmiBroker FLE editor.
Upstox Developer Console allows you to create (code) your trading app using languages like Python.
Upstox Option Chain Tool allows traders to find Spot, Future rates, vertical comparison of rates, and details such as circuit levels. Customers can also use it to calculate volatility, open interest, performance indicator, and check greeks.
Upstox MF Platform has 1000's of mutual funds to choose from. Customers have the option to choose between SIP or Lumpsum investment.
Margin Against Shares is possible.
Online IPO Application (UPI), is now available.
Upstox Cons
These are the cons and drawbacks of Upstox. You can see the full list of Upstox drawbacks.
The cost of equity delivery brokerage is Rs 20 per trade. Brokerage free stock market investment is offered by most other brokers.
Margin Funding cannot be used on delivery trades.
Upstox does not offer unlimited monthly trading plans.
Additional Rs 20 is charged for call and trade fees per executed order (Rs20 Brokerage + Rs20 Call & Trade Fee).
For intraday square MIS/BO/CO order that are not squared off by the customer, an additional Rs 20 is added to each executed order.
It doesn't offer stock tips or recommendations.
Because the company does not offer banking services, 3-in-1 accounts cannot be opened.
Customer service is not available 24/7.
Since Jan 2018, Upstox NRI trading and demat accounts are no longer available
Upstox does not offer API access to automate trading.
Alpari's mission is to help clients succeed and grow the financial services industry in all countries where we operate. We innovate constantly and make sure that the services we provide are as relevant as possible. Sponsorship programs have been an integral part of our work since the beginning of our 20 year history. We have supported many sports teams. We reached the North Pole in 2018, planted the Alpari flag there, and set two world records. We have many more plans for the future. In 2005, the Alpari Charitable Fund began to be established. The charity has supported more than 37,000 people over the past 15 years. The charity has hosted more than 750 fundraising events, and paid over 1,200 children for medical care. It also provided humanitarian aid to more than 18,000 families. The fund has over 10 programs that allow it to concentrate its efforts and accomplish more. Currently, the Alpari Charitable Fund has more than 100 volunteers.
Alpari Pros
You can trade with many different types of trading accounts to suit your goals and experience.
Customer support provides efficient and high-quality customer service
There are many different ways to replenish your deposits or withdraw funds.
There are many educational tools.
It is a good choice for beginner traders. It offers automated trading and participates in many projects.
Binary Options can be used to trade.
Alpari Cons
They do not accept clients from Russia and Japan.
Withdrawing funds can be done after some delays
Only VIP traders can receive commissions for withdrawals or deposits.

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