Question 1

Is forex trading legal in India?

Accepted Answer

Forex trading by Indian residents is regulated under the Foreign Exchange Management Act (FEMA) and the Reserve Bank of India (RBI). Retail forex is permitted in INR-denominated currency derivatives (such as USD/INR, EUR/INR, GBP/INR and JPY/INR) traded on RBI and SEBI recognised exchanges through SEBI-registered brokers. Trading offshore, non-INR forex products is restricted for Indian residents under FEMA and RBI guidance. LHFX is an offshore international broker, regulated by the FSCA in South Africa (FSP 52816) and the Mauritius FSC (GB23202204), and holds no SEBI or RBI authorisation. This is a descriptive summary of the rules, not legal advice and not a recommendation to bypass any RBI control. Review your obligations and seek professional guidance before trading.

Question 2

Is LHFX regulated in India?

Accepted Answer

No. LHFX is not licensed in India and holds no SEBI or RBI authorisation, and the page does not claim otherwise. LHFX is an offshore international broker: trade booking sits with Longhorn Ltd, licensed by the Financial Services Commission of Mauritius (licence GB23202204, code SEC-2.1B), with FSCA oversight of the South African intermediary LHFX SA (PTY) Ltd (FSP 52816). Indian residents access LHFX as an international broker. Because offshore non-INR forex trading is restricted for residents under FEMA and RBI rules, you should understand your own position and seek professional guidance before opening an account.

Question 3

What does it cost to trade forex with LHFX?

Accepted Answer

On the Pro account you trade raw spreads from 0.0 pips with a flat $3 per side commission ($6 round-turn) per lot, and standard accounts pay zero commission. There are no deposit or withdrawal fees from LHFX. Crypto withdrawals are processed within minutes, which is the fastest route for Indian traders. Compare those numbers against any broker you are considering and decide on the conditions, not the marketing.

Question 4

How do I deposit money from India?

Accepted Answer

LHFX does not accept direct INR bank transfers, so traders in India fund with cryptocurrency using USDT, USDC, Bitcoin, or Ethereum. Skrill and Neteller e-wallets are also available. Trading accounts are denominated in USD, EUR, or GBP, and crypto avoids currency conversion at the bank. All deposits are credited quickly with no fees from LHFX.

Question 5

How do I start forex trading with an international broker from India?

Accepted Answer

Four steps. First, understand the rules: under FEMA and RBI, Indian residents trade INR forex pairs on recognised exchanges, while offshore non-INR trading is restricted, so review your position and seek professional guidance. Second, open an account with the broker you choose. LHFX accepts Indian residents and is regulated by the FSCA in South Africa and the Mauritius FSC, with no SEBI or RBI authorisation. Third, complete KYC by uploading a government ID and proof of address, then fund from $10 using USDT, USDC, Skrill, or Neteller (LHFX does not accept direct INR transfers). Fourth, practise on the free MT5 demo before trading live.

Broker	Spread (EUR/USD)	Commission	Min deposit	Withdrawal
LHFX	0.0 pips (Pro)	$3 / side	$10	15-min average
Exness	0.1 pips (Raw)	$3.50 / side	$10	Up to 24h
OctaFX	0.6 pips	$0	$25	Up to 24h
XM	0.6 pips (Ultra Low)	$0	$5	1-3 business days

The Best Forex Broker in India.

The Best Forex Broker in India.

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Crypto & E-wallets

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Forex trading in India: common questions