ForexBrokersInfo
India

SEBI — Securities and Exchange Board of India

SEBI regulates Indian securities intermediaries, including stock brokers and depository participants. Currency derivatives offered by SEBI-registered brokers remain exchange-traded products subject to RBI foreign-exchange directions and exchange rules; SEBI registration is not an authorisation for offshore OTC forex or CFDs.

Official regulator website ↗
Forex/CFD oversight strength68/100Moderate oversightThis score measures retail forex/CFD supervisory strength, including licensing depth, client-money and conduct rules, enforcement, complaints/compensation and whether the authority actually licenses this activity.
Verified relationships

Brokers connected to SEBI

UpstoxUpstox Securities Private Limited
Licence/statusINZ000315837; IN-DP-761-2024; INH000020208; INA000020484
RoleIndian securities intermediary; the forex-related reviewed product is recognised-exchange currency futures/options, not OTC spot forex/CFDs.
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Angel OneAngel One Limited
Licence/statusINZ000161534
RoleSEBI-registered stock broker; reviewed forex-related product is exchange-traded currency derivatives under applicable exchange membership
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ICICI DirectICICI Securities Limited
Licence/statusINZ000183631; INH000000990; INA000000094; INP000004060; INM000011179
RoleIndian securities intermediary. The reviewed forex-related product is recognised-exchange currency futures/options; the same legal entity also holds current SEBI research, advisory, portfolio-management and merchant-banking permissions. No OTC forex/CFD licence is implied.
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HDFC SecuritiesHDFC securities Ltd.
Licence/statusINZ000186937; IN-DP-372-2018; INH000002475; INA000011538
RoleIndian securities intermediary. The reviewed forex-related product is recognised-exchange currency futures/options; depository, research and advisory permissions are separately scoped under the same legal entity. No OTC forex/CFD licence is implied.
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5paisa5paisa Capital Limited
Licence/statusINZ000010231
RoleSEBI-registered stock broker; reviewed forex-related product is exchange-traded currency derivatives under applicable exchange membership
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SMIFSSMIFS Limited
Licence/statusINZ000220635
RoleSEBI-registered stock broker; reviewed forex-related product is exchange-traded currency derivatives under applicable exchange membership
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