Top 5 SEBI-Regulated Forex Brokers in India (2025 Edition)

In the always-changing world of forex trading, choosing a trustworthy and SEBI-regulated broker is important, especially in India, where legal structures can be difficult and performance is hard. The Securities and Exchange Board of India (SEBI) acts as the primary governing control controlling the financial markets, including the forex sector. Trading with a SEBI-regulated broker makes sure safety, clarity, and legal agreement, especially for Indian people looking to trade in international currencies.

This guide will tell you the Top 5 SEBI-regulated forex brokers in India for 2025, comparing their features, benefits, and why they stand out in the budget forex scene.

1. Zerodha

Overview: Zerodha is India's largest market stockbroker and a popular choice for forex traders due to its trustworthiness, clear, and low-cost trading.

SEBI Registration: Yes, Zerodha is SEBI-registered (SEBI Registration No: INZ000031633)

Why It Stands Out:

• Offers currency byproducts trading on NSE and BSE
• Reputed for its user-friendly Kite platform
• Transparent pricing and commission
• Strong customer support

Best For: Beginners and average traders who want stable INR pair trading with controlled backing.

2. Angel One (formerly Angel Broking)

Overview: Angel One is a full-service broker that gives a range of investment options, including forex byproducts. Their platforms and research tools make them a favorite choice.

SEBI Registration: Yes (SEBI Registration No: INZ000161534)

Why It Stands Out:

• Offers INR currency pairs
• Strong research and analysis tools
• Powerful mobile app
• Customized warning services

Best For: Traders who need expert advice and multi-advantage trading under one roof.

3. ICICI Direct

Overview: A part of the ICICI Bank group, ICICI Direct is known for its trustworthiness, large customer base, and safe trading environment.

SEBI Registration: Yes (SEBI Registration No: INZ000005231)

Why It Stands Out:

• Backed by one of India’s top banks
• Combining banking and trading services
• Offers large research and visions
• User-friendly platform with security features

Best For: Old-fashioned investors and those who suggest secure, bank-backed platforms.

4. HDFC Securities

Overview: Another major bank-backed broker, HDFC Securities, offers a strong forex trading platform with SEBI submission.

SEBI Registration: Yes (SEBI Registration No: INZ000186937)

Why It Stands Out:

• High trustworthiness and executive guarantee
• Complete HDFC Bank trading services
• Easy access to multiple benefit classes
• Simple and secure mobile trading

Best For: Investors who already bank with HDFC and value a combination.

5. Sharekhan

Overview: Sharekhan is a well-established full-service broker that offers currency byproducts trading and has a large retail presence in India.

SEBI Registration: Yes (SEBI Registration No: INZ000171337)

Why It Stands Out:

• Strong educational resources
• Good for active traders
• User-friendly trading platforms (TradeTiger and mobile app)
• Excellent customer support

Best For: New traders looking for advice and support from a full-service strong.

Why SEBI Regulation Matters?

Trading with SEBI-regulated brokers offers many benefits:

• Investor Protection: Funds are protected, and practices are monitored.
• Legal Compliance: Avoid penalties and make sure you operate within RBI and FEMA rules.
• Dispute Resolution: Governing bodies offer a structured wrong resolution system.

FAQ’s

Q1. Can I trade forex legally in India?

Yes, but only through SEBI-regulated brokers and in currency pairs approved by the RBI (e.g., USD/INR, EUR/INR).

Q2. Are international forex brokers like OctaFX or Exness legal in India?

No. Trading with free or outside brokers not registered with SEBI is considered illegal in India.

Q3. Which forex trading platform is best for beginners in India?

Platforms like Zerodha’s Kite and Angel One’s mobile app are user-friendly and perfect for beginners.

Q4. How do I verify if a broker is SEBI registered?

You can check the SEBI website or the broker's official site for their SEBI registration number.

Conclusion

Choosing the right forex broker in India goes away trading features; it is about legality, security, and long-term loyalty. Each of the five SEBI-regulated brokers discussed above meets these criteria while offering unique advantages. If you are serious about forex trading in India, adjust with a SEBI-approved broker is not just recommended, it's important.

If you want to explore "How to Choose the Right Forex Broker in India" or learn "Is Forex Trading Legal in India?", check out our in-depth guides.