Best Forex Brokers for Indian Traders in 2024: Fusion Markets vs. Global Prime

Forex trading is growing rapidly in India, but finding the right broker can be a challenge with so many options available.

In this guide, we’ll compare two top contenders—Fusion Markets and Global Prime—both known for their competitive spreads, customer support, and secure platforms. More importantly both brokers offer Forex trading to clients in India.

Whether you’re just starting your forex journey or looking for advanced tools, this comparison will help you make an informed decision about which broker best suits your trading needs.
 

When evaluating a forex broker, Indian traders often look for three critical features: tight spreads, regulatory compliance, and ease of depositing and withdrawing funds.

Fusion Markets has garnered a reputation for offering some of the lowest spreads in the market, making it an excellent option for scalpers and day traders. With spreads starting from 0.0 pips on major pairs and no inactivity fees, Fusion Markets stands out as a cost-effective choice. Additionally, they offer access to MetaTrader 4, Metatrader 5, cTrader and TradingView, some of the most popular trading platforms globally, along with the powerful Fusion+ social trading tool (copy trading).
 

On the other hand, Global Prime prides itself on its execution speed and transparency. With no dealing desk intervention and a strong regulatory framework (licensed by ASIC, FSA), it’s a great fit for traders looking for a trustworthy broker with robust security features. Global Prime also offers direct market access (DMA) and access to MetaTrader 4 and Autochartist.
 

Comparing Account Types & Deposits
Both brokers offer accounts tailored for beginners and experienced traders. Fusion Markets, with its ultra-low commissions and access to major global markets, appeals to traders seeking cost-efficiency.

In contrast, Global Prime’s ECN-style pricing and free access to institutional-grade tools make it ideal for advanced traders.

Lastly and most importantly, these brokers have made great headway in providing Indian traders with deposit options that steer away from traditional banking. They offer local funding methods whilst also providing newer alternatives to for deposits and withdrawal, most notably Crypto funding.

Whoever you decide to go with, both brokers make for a great, low cost and high end service for clients in India