forex brokers

Forex, FX, or 4X are acronyms for the Foreign Exchange.  It is the largest and a  relatively new market created in 1978.  It owes its existence to the Bretton Woods accord and the subsequent unwinding of the regime of  universal fixed exchange rates.

Differing from other financial markets, Forex markets have no central location or exchange.  Currency trading is inherently conducted through State-run (National) banks, financial institutions… in short, anyone who deals with Foreign Exchange is a broker. However, with the growing presence of the Internet, the foreign exchange market has also become the province of non-banking international corporations, hedge funds and individual private investors and speculators as it is feasible to monitor currency markets and to trade sometimes via intermediaries.

The Forex market is not everyone’s cup of tea and hence is not ready to jump on the bandwagon to play the market. So, for those looking for Foreign Exchange services here’s what’s available. Prompt and competitive pricing; Economic fundamental and technical analysis; Research-based recommendations; 24-hour dealing capacity; Inward and Outward remittance; Spot and Forward Transaction; Interest Rate Swaps; Currency Swaps; Forward Rate agreements, Interest rate Options; Currency Options.

Foreign Exchange Dealers in India represent Authorized Dealers i.e. commercial banks. The Forex Association of India, affiliated to "Association of Cambiste Internationale", Paris is a National level Organization whose members are Treasury Managers, Foreign Exchange Dealers and Foreign Exchange Brokers who are actively involved in Foreign Exchange Trading and Foreign Exchange Risk Management.