Forex & CFD brokers in India
Compare costs, account features and the legal entity for Indian clients. Confirm your eligibility before applying.
Compare 17 brokers
Ranked by Clarity Score
Copy trading is not intended for EU/UK/AU-based audiences
Why this fits: Offshore entity only: Pepperstone Markets Limited (SCB) — outside SEBI's rules · Max leverage there: 1000:1 (offshore entity)
Costs and charges may vary depending on the jurisdiction
Why this fits: Offshore entity only: Raw Trading Ltd (trading as IC Markets Global) (FSA SD018) — outside SEBI's rules · Max leverage there: 500:1 (offshore entity)
The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Varies by entity (entity unverified)
Why this fits: Offshore entity only: Exness (SC) Ltd (FSA) — outside SEBI's rules · Max leverage there: Unlimited (offshore entity)
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Offshore entity only: Gleneagle Securities Pty Limited (VFSC 40256) — outside SEBI's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: Eightcap Global Limited (SCB) — outside SEBI's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: AxiTrader LLC (FSA 4303 LLC 2025) — outside SEBI's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: XM Global Limited (FSC 8557558) — outside SEBI's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Offshore entity only: RoboForex Ltd (FSC 9759600) — outside SEBI's rules · Max leverage there: 2000:1 (offshore entity)
Why this fits: Offshore entity only: STARTRADER Financial Markets Limited (FSC GB24203371) — outside SEBI's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
The FCA prohibits the sale of cryptoasset derivatives to retail clients in the UK (COBS 22.6). Cryptocurrencies are high-risk and highly volatile; you could lose all the money you invest.
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: — (entity unverified)
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
ForexCopy is not compatible with MT5 accounts. Confirm the account and platform before applying.
Why this fits: Country coverage recorded for Indian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 5000:1 (entity unverified)
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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
The account landscape in India
Our country coverage records include 17 of the 24 platforms for Indian clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 9: 9 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 5 register-checked licence numbers so you can verify each firm yourself. On the numbers, the lowest all-in cost option here is Pepperstone. Offshore entities advertise more — up to 2000:1 at RoboForex — but that leverage comes without the local regulator's protections.
Which legal entity onboards a Indian client
The brand you see isn't always the entity on your client agreement. These are possible entity mappings for Indian clients, with licence details to verify on the official register. 9 records map to an offshore entity; confirm that company's terms and whether it accepts your application.
Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. 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 (by route) |
|---|---|---|---|---|---|---|
| Pepperstone | $···· | 0 pips | $7/lot | $10 | Same–next day | 1000:1 (offshore entity) |
| IC Markets | $···· | 0 pips | $7/lot | $200 | Same–next day | 500:1 (offshore entity) |
| Exness | $···· | 0 pips | Check account quote | $10 | Often instant | Unlimited (offshore entity) |
| Blueberry Markets | $···· | 0 pips | $7/lot | $100 | Same–next day | 500:1 (entity unverified) |
| Fusion Markets | $···· | 0 pips | $4.5/lot | $0 | <1 hrBroker-stated | — (offshore entity) |
| ThinkMarkets | $$··· | 0 pips | $7/lot | $0 | 1–2 days | 500:1 (entity unverified) |
| Eightcap | $$··· | 0 pips | $7/lot | $100 | 1–2 daysSame-day cut-off | 500:1 (offshore entity) |
| Axi | $$··· | 0 pips | $7/lot | $0 | 1–3 daysBank transfers | — (offshore entity) |
| RoboForex | $$··· | 0 pips | $4/lot | $10 | Within hours | 2000:1 (offshore entity) |
| StarTrader | $$··· | 0 pips | $6/lot | $50 | ≤24 hrs | 500:1 (offshore entity) |
| LiteFinance | $$··· | 0 pips | $5/lot | $50 | ≤24 hrs | 1000:1 (entity unverified) |
| Moneta Markets | $$··· | 0.1 pips | $6/lot | $50 | 1–2 business daysProcessing; broker-stated | 1000:1 (entity unverified) |
| HYCM | $$··· | 0.1 pips | $4/lot | $20 | 3–7 daysArrival · broker-stated | 500:1 (entity unverified) |
| IG | $$$·· | 0.6 pips | — | $250 | 1–3 daysMethod-dependent | Varies by entity (entity unverified) |
| XM | $$$·· | 1.6 pips | — | $5 | 1–2 days | 1000:1 (offshore entity) |
| ActivTrades | $$$·· | — | Check account quote | Check country terms | 1 business dayProcessing; broker-stated | — (entity unverified) |
| InstaForex | $$$·· | — | Check account quote | From USD1 | Method dependent | 5000:1 (entity unverified) |
Trading in India — questions
Which legal entity could onboard a Indian client?
None of the broker records for Indian clients maps to a locally authorised entity in our checks. 9 records map Indian residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 8 we have not yet mapped the onboarding entity. Local oversight is SEBI. Always confirm the entity named on your client agreement and its licence on the official register before depositing.
Which platform has the lowest cost in India?
Among the 17 platforms in our country records for 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?
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. None of these broker records maps Indian clients to a locally authorised entity. 9 broker records map Indian residents to an offshore entity, where up to 2000:1 is advertised (RoboForex). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.
How does Clarytrade pick these platforms?
We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for Indian clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.