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Stockbrokers2026

Brokers by Country · IN

Stock Brokers in India, 2026

Tracked byUpdated

India runs one of the most restrictive retail FX frameworks globally — SEBI permits exchange-traded currency derivatives only in seven INR-quoted pairs (USD/INR, EUR/INR, GBP/INR, JPY/INR plus EUR/USD, GBP/USD, USD/JPY cross-pairs since 2020) on NSE and BSE. Trading with offshore brokers in non-permitted pairs is treated by the RBI as a FEMA violation. The RBI maintains a public Alert List of unauthorised online forex platforms, and several major international brokers explicitly restrict Indian residents.

4 / 4 brokers accept India

stock

  1. Editorial top pick

    01Deriv

    BVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 02XM Group

    ASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  3. 03Libertex

    SVG FSA
    Open account at Libertex →
    Avg spread
    0.50pip
    midpoint of broker range
    Cost / lot
    $5.00
    no commission
    Min deposit
    $10
    Max leverage
    1:999
    Libertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.

    $10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight

    Fits ifYou have $10 to start — one of the lowest entry minimums in our list
    PlatformsMetaTrader 4, MetaTrader 5, Libertex Platform

    Founded in 1997 · Verified Jun 1, 2026

    Full Libertex details →

  4. 04RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
SEBI / RBI · Securities and Exchange Board of India supervises listed securities and exchange-traded FX derivatives; the Reserve Bank of India enforces FEMA capital-control rules that restrict offshore retail FX trading
Currency
INR
Payment methods
UPIIMPS / NEFTBank transfer (INR)RuPay / Visa
Tax

Income from currency derivatives is taxed as business income (slab rates up to 30% plus surcharge and cess) or as speculative income. Long-term capital gains on listed Indian securities are taxed at 12.5% above ₹125,000 (post-July 2024 budget). Foreign brokers do not act as withholding agents; income is self-declared via the ITR annual return.

Retail trading rules

SEBI caps retail leverage on exchange-traded INR-pair futures at 1:5 with mandatory upfront margin. Mandatory negative-balance enforcement applies via exchange margining. Cross-border outflows are restricted by FEMA — the LRS permits up to USD 250,000/year for individuals but margin-trading with offshore brokers is not on the permitted-purposes list and is enforcement-flagged.

Frequently asked

Which brokers accept residents of India?+

4 of 4 brokers in our ranking accept India: Deriv, XM Group, Libertex, RoboForex.

Who regulates brokers for India?+

Primary regulator: SEBI / RBI — Securities and Exchange Board of India supervises listed securities and exchange-traded FX derivatives; the Reserve Bank of India enforces FEMA capital-control rules that restrict offshore retail FX trading.

What payment methods are available?+

Common methods: UPI, IMPS / NEFT, Bank transfer (INR), RuPay / Visa.

What are the tax rules for trading in India?+

Income from currency derivatives is taxed as business income (slab rates up to 30% plus surcharge and cess) or as speculative income. Long-term capital gains on listed Indian securities are taxed at 12.5% above ₹125,000 (post-July 2024 budget). Foreign brokers do not act as withholding agents; income is self-declared via the ITR annual return.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.