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Forex Currency Derivatives

Forex Trading in India

As an Indian you can trade in forex derivative on NSE ( National Stock Exchange ). Mainly currency futures and currency options. These are different than CFD traded through a Forex dealer in International markets. Forex trading in India is not too old. It start with currency futures trading on NSE in Aug-2008 with only USD/INR currency pair.

Later in Oct-2010 three more currency futures were introduced EUR/INR, GBP/INR, JPY/INR. Same, month USD/INR currency option trading also started. However, forex trading in India was still lagging behind as there was no cross currency pair.

Finally, in Feb-2018 NSE ( National Stock Exchange ) introduced three cross currency futures and options – EUR/USD, GBP/USD, USD/JPY. So, now it’s time to learn forex trading and trade as we have few currency pairs to trade.

Trading Hours on NSE: Mon-Fri (9:00 AM – 5:00 PM)

Available Pairs as follows :





NSE Started forex trading in India (currency options) in Oct’2010 and we are delivering forex trading course in India since Feb’2011

How to open a forex trading account in India?

You need to open a currency derivative account with any stock broker. Also, you can open a free forex account here.

You’ll need following documents:
  • => Pan Card
  • => One ID Proof: Aadhar/DL/Voter Id/Passport
  • => One Cancelled Cheque
  • => 6 month bank statement or ITR copy
  • => 1 photo
  • => Must be at least 18 years old.
  • => Must an Indian Resident.

Problems with Forex trading in India

NSE has introduced cross currency pairs and pairs with INR. However, there are still serious problems. Few of the list below:

Trading hours

Trading at NSE closes at 5:00 PM where as Europe and USA markets open after that. This brings overnight price change risk.

Liquidity Risk

There are not enough trading in cross currency pairs on NSE. So, it’s hard to find buyers and sellers.

INR is Not Free Float

RBI controls price of INR time to time, that makes it harder for a trader to speculate direction.

Fixed Lots

Lots are fixed on NSE, you don’t have flexibility to choose different lot sizes.

Fixed Expiry

Future and option contract expires. Also, we don’t have longer contracts. Where as, CFD in international markets don’t expire.