When it comes to forex trading in India, it's important to choose reliable and trustworthy forex brokers that are regulated, transparent, and offer solid customer support. Here are some of the most reputable forex trading companies in India:

1. Zerodha

• Regulation: Zerodha is one of India's largest stockbrokers, and while they primarily focus on equity trading, they offer forex and currency trading through the NSE and MCX-SX.
• Why Reliable: Zerodha is known for its transparency, low fees, and powerful trading platforms like Kite. It's SEBI-registered, which ensures that they comply with regulations and maintain a high level of trust.

2. Upstox

• Regulation: Upstox is SEBI-registered and is known for providing reliable trading services, including currency trading via the NSE and BSE.
• Why Reliable: Known for its low brokerage fees and advanced trading platform, Upstox Pro, it is a trusted name among Indian traders. They also offer educational resources to guide traders.

3. ICICI Direct

• Regulation: ICICI Direct is a major player in the Indian stock and forex trading market, and it’s SEBI-registered. They offer forex trading through the NSE and BSE currency segments.
• Why Reliable: With a strong reputation and customer base, ICICI Direct offers excellent customer support and reliable trading tools. Their platforms are known for being user-friendly and feature-rich.

4. HDFC Securities

• Regulation: HDFC Securities is one of India's most trusted brokers, regulated by SEBI and offers forex trading through the BSE and NSE.
• Why Reliable: HDFC Securities has a long-standing reputation for reliability, providing access to multiple trading segments, including forex. Their research and educational support are top-notch.

5. Kotak Securities

• Regulation: Kotak Securities is SEBI-registered and offers forex trading via the NSE and BSE.
• Why Reliable: Kotak Securities has a solid reputation for trust and transparency. They provide advanced tools like Keystone for seamless trading and good customer service.

6. 5Paisa

• Regulation: 5Paisa is SEBI-registered and offers a variety of trading options, including forex trading.
• Why Reliable: 5Paisa is known for its low brokerage fees and powerful trading platforms. They offer easy access to trading, with a focus on the convenience and experience of beginner traders.

7. Angel One (formerly Angel Broking)

• Regulation: Angel One is a well-regulated SEBI-registered broker that offers forex trading on the NSE.
• Why Reliable: Angel One is one of the oldest and most reliable brokers in India, offering robust trading platforms and excellent customer service. They also provide educational resources for traders.

8. Sharekhan

• Regulation: Sharekhan is regulated by SEBI and provides forex trading through Indian exchanges like NSE.
• Why Reliable: With strong customer service, research, and educational offerings, Sharekhan is well-regarded for being a trustworthy forex broker in India. Their platform is user-friendly and well-suited for both beginners and experienced traders.

9. Nirmal Bang

• Regulation: Nirmal Bang is SEBI-registered and offers currency trading through the NSE and BSE.
• Why Reliable: Nirmal Bang is a well-established broker in India, providing a range of trading options and an excellent platform for forex traders. They are known for their comprehensive market research and reliable customer support.

10. TradingBells

• Regulation: SEBI-registered and offers forex trading through exchanges like NSE and BSE.
• Why Reliable: TradingBells is a trusted name in India, providing a simple and accessible trading platform with reliable execution and customer support.

Why These Brokers are Reliable and Trustworthy:

1. Regulated by SEBI: All of the brokers listed above are regulated by the Securities and Exchange Board of India (SEBI), which ensures that they comply with legal and regulatory standards, offering a level of safety and transparency to traders.
2. Reputation: These brokers have built strong reputations over the years for their reliability, strong customer service, and fair practices.
3. Technology and Tools: They offer user-friendly and advanced trading platforms that are designed to cater to different types of traders.
4. Educational Resources: Many of these brokers provide educational materials to help beginners improve their trading skills, which is an added benefit.
5. Customer Support: Reliable customer support is essential, and these brokers offer prompt assistance to solve any issues that traders may face.

Things to Consider Before Trading:

• Leverage: Ensure that the broker offers leverage options within your comfort zone, and always be aware of the risks involved.
• Fees and Charges: Compare brokerage fees, spreads, and commission structures, as they can vary significantly between brokers.
• Platform Choice: Ensure the broker's platform suits your trading style, whether you're a beginner or an experienced trader.

By considering these factors and choosing from the above-listed brokers, you can start your forex trading journey in India with a reliable and trustworthy partner.