Forex brokers in India
87 of the 94 brokers we rate will open an account for someone in India. Not one of them is licensed by a regulator in India, which is the most important thing on this page.
How this page is builtWe hold each broker's own list of the countries it will not serve, so "accepts you" means "does not exclude you" - not a promise your application will be approved. Local regulation is read from the licences each broker publishes. Both lists are in rating order, and brokers holding no licence at all are left off entirely.
No broker here is licensed in India
Not one of the 94 brokers we rate holds a licence from a regulator in India. Every option on this page operates from somewhere else - most commonly Cyprus, Australia, the United Kingdom, Mauritius, Belize or the Seychelles.
That is worth understanding rather than panicking about. It means your client agreement is written under foreign law, a complaint goes to a foreign authority in a foreign language, and local consumer protection does not reach the firm holding your money. It also means the leverage on offer is set by whichever regime the entity sits in, which is why traders in countries without a local regime are routinely offered 1:500 and more.
The practical response is to look harder at the regulator behind each broker than a reader in London or Sydney would need to. A tier-one licence held somewhere else is worth considerably more than an offshore registration held nowhere in particular, and the difference is visible in the badges beside each broker below.
Every broker that accepts clients in India
87 brokers, in rating order. All of them operate from outside India.
IC MarketsASICCySEC+39.5/10Get started IC MarketsFind out more IC Markets
TabTradeFSC (Mauritius)9.3/10Get started TabTradeFind out more TabTrade
EightcapASICFCA+49.2/10Get started EightcapFind out more Eightcap
XMCySECASIC+39.1/10Get started XMFind out more XM
FxProFCACySEC+39.1/10Get started FxProFind out more FxPro
Markets.comCySECFSCA (South Africa)9.0/10Get started Markets.comFind out more Markets.com
AvaTradeCentral Bank of IrelandASIC+88.9/10Get started AvaTradeFind out more AvaTrade
ExnessCySECFCA+98.9/10Get started ExnessFind out more Exness
HF MarketsFCACySEC+58.8/10Get started HF MarketsFind out more HF Markets
CMC MarketsFCAASIC+58.7/10Get started CMC MarketsFind out more CMC Markets
TickmillFCACySEC+38.5/10Get started TickmillFind out more Tickmill
easyMarketsCySECASIC+38.3/10Get started easyMarketsFind out more easyMarkets
Fusion MarketsASICFSA (Seychelles)+18.3/10Get started Fusion MarketsFind out more Fusion Markets
HYCMFCADFSA (DIFC)8.2/10Get started HYCMFind out more HYCM
AdmiralsFCACySEC+68.0/10Get started AdmiralsFind out more Admirals
GO MarketsASICCySEC+18.0/10Get started GO MarketsFind out more GO Markets
IGFCAASIC+87.9/10Get started IGFind out more IG
InstaForexFSC (BVI)7.9/10Get started InstaForexFind out more InstaForex
AlpariMISA (Comoros)7.9/10Get started AlpariFind out more Alpari
Plus500FCAASIC+137.8/10Get started Plus500Find out more Plus500
MultiBank GroupASICMAS+67.8/10Get started MultiBank GroupFind out more MultiBank Group
FXOpenFCACySEC7.8/10Get started FXOpenFind out more FXOpen
TMGMASICVFSC (Vanuatu)+27.8/10Get started TMGMFind out more TMGM
EC MarketsFCAASIC+37.8/10Get started EC MarketsFind out more EC Markets
XTBKNFFCA+37.8/10Get started XTBFind out more XTB
Blueberry MarketsASICFSC (Mauritius)+17.7/10Get started Blueberry MarketsFind out more Blueberry Markets
AxiASICFCA+27.7/10Get started AxiFind out more Axi
FP MarketsASICCySEC+47.7/10Get started FP MarketsFind out more FP Markets
FOREX.comCFTC/NFAFCA+67.7/10Get started FOREX.comFind out more FOREX.com
WebullSECFINRA+17.7/10Get started WebullFind out more Webull
ACY SecuritiesASICFSCA (South Africa)7.7/10Get started ACY SecuritiesFind out more ACY Securities
DukascopyFINMAFSA (Japan)+17.6/10Get started DukascopyFind out more Dukascopy
Saxo BankFSA (Denmark)FCA+77.6/10Get started Saxo BankFind out more Saxo Bank
LibertexCySECBaFin7.6/10Get started LibertexFind out more Libertex
SwissquoteFINMAFCA+57.6/10Get started SwissquoteFind out more Swissquote
ActivTradesFCAFSC (Mauritius)+17.6/10Get started ActivTradesFind out more ActivTrades
FXCMFCAASIC+27.6/10Get started FXCMFind out more FXCM
SkillingCySECFSA (Seychelles)7.5/10Get started SkillingFind out more Skilling
Trade.comCySECFCA+27.5/10Get started Trade.comFind out more Trade.com
Trading.comFCAASIC+27.5/10Get started Trading.comFind out more Trading.com
ATFXFCAASIC+77.5/10Get started ATFXFind out more ATFX
ADS SecuritiesCMA (UAE)7.4/10Get started ADS SecuritiesFind out more ADS Securities
Global PrimeASICVFSC (Vanuatu)7.4/10Get started Global PrimeFind out more Global Prime
Scope MarketsFSC (Belize)FSC (Mauritius)+17.4/10Get started Scope MarketsFind out more Scope Markets
PU PrimeFSA (Seychelles)FSC (Mauritius)+27.4/10Get started PU PrimeFind out more PU Prime
OctaCySECFSC (Mauritius)+27.4/10Get started OctaFind out more Octa
LiteFinanceCySECFSC (Mauritius)7.4/10Get started LiteFinanceFind out more LiteFinance
QuestradeCIRO7.3/10Get started QuestradeFind out more Questrade
MitradeASICCySEC+47.3/10Get started MitradeFind out more Mitrade
TraduFCACySEC+47.3/10Get started TraduFind out more Tradu
FortradeFCAASIC+47.3/10Get started FortradeFind out more Fortrade
FXCCCySECMISA (Comoros)+17.3/10Get started FXCCFind out more FXCC
FXOROCySEC7.2/10Find out more FXORO
IC TradingFSC (Mauritius)7.2/10Get started IC TradingFind out more IC Trading
Trade NationFCAASIC+47.2/10Get started Trade NationFind out more Trade Nation
Capital IndexFCA7.2/10Get started Capital IndexFind out more Capital Index
VT MarketsASICFSCA (South Africa)+27.2/10Get started VT MarketsFind out more VT Markets
IQ OptionCySEC7.2/10Get started IQ OptionFind out more IQ Option
NordFXFSA (Seychelles)FSC (Mauritius)7.2/10Get started NordFXFind out more NordFX
SpreadexFCA7.1/10Get started SpreadexFind out more Spreadex
tastyfxCFTCNFA7.1/10Get started tastyfxFind out more tastyfx
Accendo MarketsFCA7.1/10Get started Accendo MarketsFind out more Accendo Markets
FinecoBank of ItalyCONSOB+17.1/10Get started FinecoFind out more Fineco
ATC BrokersFCACIMA (Cayman Islands)+17.1/10Get started ATC BrokersFind out more ATC Brokers
TopFXCySECFSC (BVI)+17.0/10Get started TopFXFind out more TopFX
iFOREXCySECFSC (BVI)7.0/10Get started iFOREXFind out more iFOREX
OrbexFSC (Mauritius)FSA (Seychelles)7.0/10Get started OrbexFind out more Orbex
XtradeFSC (Belize)FSCA (South Africa)7.0/10Get started XtradeFind out more Xtrade
IUXFSC (Mauritius)FSCA (South Africa)7.0/10Get started IUXFind out more IUX
FXChoiceFSC (Belize)6.9/10Get started FXChoiceFind out more FXChoice
Fintrix MarketsFSC (Mauritius)6.9/10Get started Fintrix MarketsFind out more Fintrix Markets
FXDDNot on record6.8/10Get started FXDDFind out more FXDD
RoboForexFSC (Belize)6.8/10Get started RoboForexFind out more RoboForex
Ox SecuritiesNot on record6.8/10Get started Ox SecuritiesFind out more Ox Securities
Focus MarketsASICFSC (Mauritius)6.6/10Get started Focus MarketsFind out more Focus Markets
Interactive BrokersSFC (Hong Kong)6.5/10Find out more Interactive Brokers
Charles SchwabSECFINRA+16.5/10Find out more Charles Schwab
PepperstoneASICFCA+56.5/10Find out more Pepperstone
VantageASICFCA+36.4/10Find out more Vantage
OANDACFTC/NFAFCA+46.4/10Find out more OANDA
eToroFCACySEC+56.3/10Find out more eToro
EquitiFCASCA (UAE)+46.3/10Find out more Equiti
City IndexFCAASIC+16.2/10Find out more City Index
STARTRADERASICFSCA (South Africa)+36.1/10Find out more STARTRADER
Trading 212FCABaFin+35.9/10Find out more Trading 212
Moneta MarketsFCAFSCA (South Africa)+25.7/10Find out more Moneta Markets
BlackBull MarketsFMA (New Zealand)FSA (Seychelles)5.4/10Find out more BlackBull Markets
Funding an account from India
1 of these brokers record UPI among their funding methods. A domestic transfer is usually same-day and free where an international wire is neither, so it is worth more than it looks when two brokers are otherwise close.
Check the withdrawal routes as well as the deposit ones. They are frequently not the same list, anti-money-laundering rules generally require funds to return the way they arrived, and the difference only becomes apparent at the point you want your money back.
Trading from India
No broker on our table holds a licence from a regulator in India. Every option below operates from somewhere else - most commonly Cyprus, Australia, the United Kingdom, Mauritius, Belize or the Seychelles.
That is not a reason to avoid trading, but it changes what happens when something goes wrong: your agreement is under foreign law, a complaint goes to a foreign authority, and local consumer protection does not reach it.
87 of the 94 brokers we rate do not list India among the countries they restrict.
"Does not restrict" is what our data supports. It is not the same as being authorised to serve you, and it is not a promise your application will be accepted - brokers apply their own checks on top of ours.
There is no local cap, because there is no local regulator licensing these firms. Whatever leverage you are offered comes from the entity that accepts you, which will be foreign or offshore.
High leverage is the usual consequence. Treat it as a risk multiplier rather than a feature: it lowers the deposit a position needs and shortens the move that closes you out.
1 of these brokers record UPI among their funding methods, which usually means same-day deposits and no international transfer fee.
Check the withdrawal side as well. The routes are frequently not the same list, and the difference only shows up when you want your money back.
No broker on our table holds a licence from a regulator in India. Every option below operates from somewhere else - most commonly Cyprus, Australia, the United Kingdom, Mauritius, Belize or the Seychelles.
That is not a reason to avoid trading, but it changes what happens when something goes wrong: your agreement is under foreign law, a complaint goes to a foreign authority, and local consumer protection does not reach it.
87 of the 94 brokers we rate do not list India among the countries they restrict.
"Does not restrict" is what our data supports. It is not the same as being authorised to serve you, and it is not a promise your application will be accepted - brokers apply their own checks on top of ours.
There is no local cap, because there is no local regulator licensing these firms. Whatever leverage you are offered comes from the entity that accepts you, which will be foreign or offshore.
High leverage is the usual consequence. Treat it as a risk multiplier rather than a feature: it lowers the deposit a position needs and shortens the move that closes you out.
1 of these brokers record UPI among their funding methods, which usually means same-day deposits and no international transfer fee.
Check the withdrawal side as well. The routes are frequently not the same list, and the difference only shows up when you want your money back.