Trading platforms in India: entities, licences & costs
Which platforms accept Indian clients, the exact legal entity that opens your account, register-checked licence numbers and real costs — ranked by our published method, commission weighted 0%.
15 of the 15 platforms in our database accept Indian clients. We've mapped 10 of them to the specific legal entity that onboards a Indian client: 10 route Indian clients through an offshore (tier-3) entity — which changes your compensation cover and complaint route. The table below lists 6 register-checked licence numbers so you can verify each firm yourself (SCB, FSA Seychelles, CIMA, FSC). On the numbers, the lowest all-in cost option here is Pepperstone, and the highest leverage available to Indian traders is 2000:1 (RoboForex).
Regulator
SEBI
Rules are restrictive — check SEBI guidance and your tax/FEMA obligations before trading offshore products.
Leverage rules
SEBI tightly restricts retail forex/CFD trading; permitted FX is largely limited to specific INR pairs on regulated exchanges. Many offshore CFD offers are not authorised for Indian residents.
Common deposit methods
UPI, Bank transfer, Card
Which legal entity onboards a Indian client
The brand you see isn't always the entity on your client agreement. These are the entities our checks map to Indian clients, with the licence number to verify on the official register. 10 here route you offshore — protection differs.
Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.
Trading costs for Indian traders
Lowest all-in cost on our scan: Pepperstone. Indicative figures — verify the live schedule before funding.
| Platform | All-in cost | Spread from | Commission | Min deposit | Withdrawal | Max leverage |
|---|---|---|---|---|---|---|
| Pepperstone | $···· | 0 pips | $7/lot | $10 | Same – next day | 1000:1 |
| IC Markets | $···· | 0 pips | $7/lot | $200 | Same – next day | 500:1 |
| FP Markets | $···· | 0 pips | $6/lot | $100 | Within 1 day | 500:1 |
| Exness | $···· | 0 pips | $7/lot | $10 | Often instant | Unlimited |
| Blueberry Markets | $···· | 0 pips | $7/lot | $100 | Same – next day | 500:1 |
| ThinkMarkets | $$··· | 0 pips | $7/lot | $0 | 1–2 days | 500:1 |
| Vantage Markets | $$··· | 0 pips | $6/lot | $50 | Same – next day | 500:1 |
| VT Markets | $$··· | 0 pips | $6/lot | $100 | Same – next day | 500:1 |
| Eightcap | $$··· | 0 pips | $7/lot | $100 | 1–2 days (same-day cut-off) | 500:1 |
| RoboForex | $$··· | 0 pips | $4/lot | $10 | Within hours | 2000:1 |
| PU Prime | $$··· | 0 pips | $7/lot | $50 | Reported instant | 1000:1 |
| StarTrader | $$··· | 0 pips | $6/lot | $50 | Within 24h | 500:1 |
| LiteFinance | $$··· | 0 pips | $5/lot | $50 | Within 24h | 1000:1 |
| FXTM | $$$·· | 0.1 pips | $4/lot | $10 | Same – next day | 1000:1 |
| XM | $$$·· | 1.6 pips | — | $5 | 1–2 days | 1000:1 |
15 platforms available in Indian
Why this fits: Onboarded via Pepperstone Markets Limited (SCB) · Max leverage here: 1000:1
Why this fits: Onboarded via Raw Trading Ltd (trading as IC Markets Global) (FSA Seychelles) · Max leverage here: 500:1
Why this fits: Accepts Indian clients · Max leverage here: 500:1 · Verify the account entity at signup
Why this fits: Onboarded via Exness (SC) Ltd (FSA Seychelles) · Max leverage here: Unlimited
Why this fits: Accepts Indian clients · Max leverage here: 500:1 · Verify the account entity at signup
Why this fits: Onboarded via Vantage International Group Limited (CIMA 1383491) · Max leverage here: 500:1
Why this fits: Accepts Indian clients · Max leverage here: 1000:1 · Verify the account entity at signup
Why this fits: Accepts Indian clients · Max leverage here: 500:1 · Verify the account entity at signup
Why this fits: Onboarded via VT Markets Ltd (FSC GB23202269) · Max leverage here: 500:1
Why this fits: Onboarded via Eightcap Global Limited (SCB SIA-F220) · Max leverage here: 500:1
Why this fits: Onboarded via XM Global Limited (FSC Belize) · Max leverage here: 1000:1
Why this fits: Onboarded via RoboForex Ltd (FSC 000138/7) · Max leverage here: 2000:1
A multi-entity CFD broker with education resources, webinars, broad market access and copy trading availability. Entity, leverage and product terms should be verified before depositing.
Why this fits: Onboarded via PU Prime Limited (FSA SD050) · Max leverage here: 1000:1
Why this fits: Onboarded via STARTRADER Financial Markets Limited (FSC GB24203371) · Max leverage here: 500:1
Why this fits: Accepts Indian clients · Max leverage here: 1000:1 · Verify the account entity at signup
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
Trading in India — questions
Which legal entity will onboard me as a Indian client?
Across the platforms that accept Indian clients, accounts are opened through entities under SCB, FSA Seychelles, CIMA, FSC, FSC Belize, FSA. 10 route Indian clients through an offshore (tier-3) entity — protection differs there. Local oversight is typically SEBI. Always confirm the licence on the official register before depositing.
Which platform has the lowest cost in India?
Of the 15 platforms available to Indian traders, Pepperstone has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $10 minimum). Costs change with account type and instrument — verify the live schedule before funding.
What leverage can I use in India?
The highest leverage available to Indian traders among these platforms is 2000:1 (RoboForex). SEBI tightly restricts retail forex/CFD trading; permitted FX is largely limited to specific INR pairs on regulated exchanges. Many offshore CFD offers are not authorised for Indian residents. Higher leverage increases both potential gains and losses.
How does Clarytrade pick these platforms?
We rank by our published 8-criteria method, filter to platforms that accept Indian clients, resolve the specific legal entity that would open your account, and weight affiliate commission at 0%.