i am presently using octa fx who accepts INR but i have to pay high price for it: brokerage of 40 usd per lot in ES does anyone know any other broker
I think you are the best person to answer this question. foreigners cannot trade products from all the Indian exchanges. so we know nothing much about the INR deposit things.
Instead explore this route. Under liberalized remittance you should be able to convert upto 250k usd with inr. Use that as the float and have an account with a standard us broker maintained in dollar denomination. Talk to a bank in India and they should be able to help you with the first part and the next is to find a brokerage. You can even have a llc incorporated in us whose only business is trading.