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Frequently Asked Questions
How much margin do I need to trade forex in India?
It depends on leverage and lot size. A micro lot (1,000 units) with 1:100 leverage on EUR/USD needs about $10.85 = ₹905. A standard lot needs $1,085 = ₹90,500. SEBI-regulated platforms require more margin due to lower leverage (1:5 to 1:20).
What leverage do Indian brokers offer?
SEBI-regulated: 1:5 to 1:20 for currency futures. Offshore (Exness, XM): up to 1:2000. Higher leverage = lower margin but higher risk. For beginners, 1:50 to 1:100 is recommended.
Can I trade forex with ₹10,000?
Yes. With 1:100 leverage, ₹10,000 (~$120) supports 1 micro lot easily. With 1:500, you could trade 5 micro lots. On SEBI platforms, ₹10,000 covers 1-2 USD/INR futures lots.
Which broker has the lowest margin for Indian traders?
Exness offers up to 1:2000 leverage (lowest margin). XM offers 1:1000. For SEBI-regulated, Zerodha and Angel One have similar margin requirements. Lower margin isn't always better — higher leverage increases liquidation risk.
Is forex trading legal in India?
INR-based currency pairs (USD/INR, EUR/INR, GBP/INR, JPY/INR) on NSE/BSE are legal and SEBI-regulated. Trading through offshore brokers is in a regulatory grey area. Always use regulated platforms when possible.