Forex trading in India is limited to exchange-traded currency derivatives and futures, so the amount of money you’ll need to trade forex in India will be dictated by the contract sizes available for trading on the National Stock Exchange (NSE) and the amount of margin required to open a position. You’ll also need to be aware of your broker’s minimum deposit requirements. If you are using a forex broker based outside of India that offers micro contracts, you can trade forex with as little as $100 (roughly 8,200 Indian Rupees). In this case, your broker will need to accept Indian residents as clients, and will ideally be highly regulated in trusted jurisdictions. announcementExample forex trade in India with the NSE Let’s say you wanted to open a position for a EUR/INR forex futures contract on the NSE through your broker. With a January 2024 contract priced at 90.35 INR per euro, you’d need 2,845 INR (roughly 32 euros, as of January 2024) for the margin requirement to open one lot.