Best Day Trading Platforms and Brokers in India 2026
The best day trading brokers in India offer user-friendly platforms with strong charting tools, low fees, reliable execution and margin trading.
They also cater to day traders in India by providing accounts in a convenient currency, such as the Indian Rupee (INR), are authorized by a trusted regulator such as the Securities and Exchange Board of India (SEBI), and provide access to popular markets like the Bombay Stock Exchange (BSE).
Discover the top brokers for day trading in India. Every platform we recommend accepts traders from India, though you may need to sign up with a global brokerage to use popular day trading products like contracts for difference (CFDs).
Top 6 Platforms For Day Trading In India
Our experts have evaluated 140 online brokers and our hands-on tests show that these are the 6 best day trading platforms in India:
-
1
XM -
2
RoboForex -
3
IC Markets -
4
AvaTrade -
5
Pepperstone75-95% of retail investor accounts lose money when trading CFDs -
6
Trade Nation
Here is a short overview of each broker's pros and cons
- XM - XM is a globally recognized forex and CFD broker with 15+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It’s also highly regulated, including by ASIC, CySEC and DFSA and SCA in the UAE, and offers a comprehensive MetaTrader experience.
- RoboForex - RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
- IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
- AvaTrade - Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
- Trade Nation - Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
Best Day Trading Platforms and Brokers in India 2026 Comparison
| Broker | INR Account | Minimum Deposit | Markets | Platforms | Leverage |
|---|---|---|---|---|---|
| XM | - | $5 | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral | 1:1000 |
| RoboForex | - | $10 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | R StocksTrader, MT4, MT5, TradingView | 1:2000 |
| IC Markets | - | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | 1:1000 |
| AvaTrade | - | $100 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) |
| Pepperstone | - | $0 | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower | 1:30 (Retail), 1:500 (Pro) |
| Trade Nation | - | $0 | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) | MT4 | 1:500 (entity dependent) |
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Regulator | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius |
| Platforms | MT4, MT5, TradingCentral |
| Minimum Deposit | $5 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
Cons
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
- XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
RoboForex
"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."
RoboForex Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures |
| Regulator | IFSC |
| Platforms | R StocksTrader, MT4, MT5, TradingView |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR |
Pros
- RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
- The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
- RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
Cons
- While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
- RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
- Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
IC Markets
"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
IC Markets Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Regulator | ASIC, CySEC, CMA, FSA |
| Platforms | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
| Minimum Deposit | $200 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC Markets secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
- IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
Cons
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
AvaTrade
"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."
AvaTrade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
| Regulator | ASIC, CySEC, FSCA, ISA, CBI, JFSA, FSRA, BVI, ADGM, CIRO, AFM |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
Cons
- Although the deposit process itself is smooth, AvaTrade still doesn’t facilitate crypto payments, a feature increasingly offered by brokers like TopFX, which caters to crypto-focused traders.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Pepperstone Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
| Regulator | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
| Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Pepperstone has scooped multiple DayTrading.com annual awards over the years, most recently 'Best Overall Broker' in 2025 and 'Best Forex Broker' runner up in 2025.
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
- Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.
Cons
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers who focus on this area, with no option to invest in real coins.
Trade Nation
"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education."
William Berg, Reviewer
Trade Nation Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) |
| Regulator | FCA, ASIC, FSCA, SCB, FSA |
| Platforms | MT4 |
| Minimum Deposit | $0 |
| Minimum Trade | 0.1 Lots |
| Leverage | 1:500 (entity dependent) |
| Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
Pros
- The trading firm offers tight spreads and a transparent pricing schedule
- Multiple account currencies are accepted for global traders
- A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders
Cons
- Fewer legal protections with offshore entity
How To Choose A Day Trading Broker In India
Our many years in the day trading industry have taught us that there are several key factors to consider when selecting a broker:
Regulation and Trust
Always choose a day trading platform that can be trusted.
This will help protect you from unfair trading practices and even fraud. Choosing a trusted brokerage is particularly important given that India has been home to some high-profile scams over the years.
One notable example is ‘finfluencer’ and owner of ‘Baap of Chart’, Nasiruddin Ansari, who was found by the SEBI to have misled retail investors on social media that they could earn monthly returns of up to Rs 6,00,000 by following his stock recommendations.
That’s why we always check that day trading brokers are licensed by a trusted regulator, such as the Securities and Exchange Board of India (SEBI). That said, the SEBI does not authorize Indian brokers to offer popular short-term trading derivatives like CFDs.
As a result, we also recommend global brokers that accept Indian day traders whom we trust, an evaluation we routinely make by weighing the strength of their regulatory credentials, their track record, and their reputation in the industry. If you do go down this route, it’s important to adhere to the SEBI’s regulations and tax rules in India.
The SEBI has the authority to ban Indian brokers from offering online trading. I recommend checking that a platform hasn’t been blacklisted before you open an account.
- IG maintains its position as one of the most respected brokers that accepts Indian day traders. It has over 50 years of experience and authorization from a long row of tier-one regulators. We’ve also traded at this broker using real money and found it offers the full package for day traders.
Day Trading Fees
Pick a day trading broker with low trading and non-trading fees.
This is especially important for day traders for whom a high volume of trades and associated transaction costs can cut into profits.
We recommend Indian day trading brokers with competitive pricing, an assessment we make by weighing the spreads on popular assets such as the USD/INR, and any non-trading costs like deposit/withdrawal charges with the quality of the broker’s trading tools and overall offering.
- CMC Markets offers excellent pricing for active day traders, especially if you want to speculate on currencies with spreads from 0.5 pips. There are also no fees for deposits and withdrawals.
Charting Platforms and Apps
Opt for a day trading platform that is easy to use with tools to help you find opportunities.
For day traders, in particular, paying attention to charting features is important, as many intraday traders rely on technical analysis.
Advanced traders may need dozens of sophisticated indicators, but beginners should look out for key indicators like the Relative Strength Index, Stochastic Oscillator, and Bollinger Bands.
Our experts rate the day trading platforms, trading apps and tools provided as part of our exhaustive review process. We personally test the software to make sure it offers an excellent user experience with the charting tools day traders of all levels need.
- IC Markets really excels here with three of the best third-party platforms for day trading: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. Accessible via desktop, web browser and mobile apps, they offer first-rate charting packages and support algo trading.
Tradable Assets
Select a day trading broker that provides access to the markets you want to speculate on.
For Indian day traders, in particular, access to popular stock markets like the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) may be important. Equally, you may want to make short-term trades on the Indian Rupee.
The day trading brokers we recommend for Indian residents provide opportunities on a range of asset classes, often including stocks, forex, commodities, indices, and crypto.
Many also offer products specifically designed for short-term trading, such as contracts for difference (CFDs), which allow you to go long or short in the same product without owning the underlying asset.
Importantly, you can’t easily find Indian-regulated CFD brokers, so you may need to consider an international brokerage that offers these derivatives, though you may receive fewer legal protections.
- Interactive Brokers offers an almost unrivalled selection of instruments with access to 150 markets, including the National Stock Exchange of India.
Execution Speed and Quality
Open an account with an Indian day trading broker with fast and reliable order execution.
Opting for a brokerage that prioritizes swift execution is paramount for day trading strategies. Any lag in executing orders may result in missed trading opportunities or sub-optimal prices.
Moreover, the quality of execution plays a pivotal role, taking into account elements such as speed, pricing, and the likelihood of successful execution.
We favor day trading platforms in India that provide rapid and dependable execution, basing our assessment on a thorough review of execution policies and consideration of average execution speeds where we can source data.
- Pepperstone stands out here, with execution speeds as fast as 30 milliseconds, catering to ultra-short-term strategies like scalping and the use of Expert Advisors (EAs).
Leverage and Margin Requirements
Sign up with a day trading broker that offers leverage with clear margin requirements.
Selecting a brokerage that offers leverage trading is a crucial factor for many day traders, as it has the potential to amplify earnings by allowing the management of more substantial positions with less capital.
For example, your day trading platform may offer you 1:5 leverage on Indian stocks, meaning that if you put down 1000 Rupees, you can open a position worth 5000 Rupees (5 x 1000).
Nevertheless, this also heightens the potential for increased losses, making it imperative for beginners to exercise caution.
Proficient risk management is essential, coupled with a thorough understanding of your broker’s margin requirements, which dictate the minimum capital necessary.
- AvaTrade offers leverage trading with transparent margin requirements, however where it stands out is its unique AvaProtect risk management tool which allows you to get your money back on losing trades up to $1,000,000.
Minimum Account Deposit
Choose a day trading platform with an accessible deposit based on your financial situation.
This is particularly important for beginners, who may have limited trading capital. While many top day trading platforms that accept Indian traders have a minimum deposit of 20,000 Rupees or less, some even have no minimum deposit, catering to budget traders.
- Interactive Brokers is a great pick here as it supports INR as an account currency and has an accessible starting deposit of $100 or INR equivalent.
Methodology
To find the best platforms for day trading in India we looked at quantitative data and qualitative insights gathered during our exhaustive broker reviews, prioritizing several factors:
- We confirmed the firm is regulated by the SEBI or a respected international body
- We evaluated the fees you will incur making day trades
- We tried the platform and/or app to check it’s suitable for short-term strategies
- We compared the assets available for day trading, including Indian markets
- We investigated the speed and quality of order executions
- We looked at support for leveraged trading and margin requirements
- We verified the minimum deposit required to start day trading in India
Bottom Line
Using our list of the best day trading brokers in India is a great way to find the right platform for your needs – we’ve done the hard work for you – testing, evaluating and rating firms.
If you are still unsure which brokerage to use, you can also explore their day trading platforms using a demo account first.
FAQ
What Is Day Trading?
Day trading is the practice of buying and selling financial instruments, such as shares on the National Stock Exchange of India, within a single trading day, with individuals aiming to capitalize on short-term fluctuations in prices.
Is Day Trading Allowed In India?
Retail investors are allowed day trade in India, though restrictions exist for institutional investors.
Indian day trading brokers may, however, have their own rules that you need to follow, especially around the use of margin trading.
It’s also worth keeping in mind that trading on Indian stock markets takes place between 9:15 am and 3:30 pm (IST), Monday to Friday. If you are intraday trading, you will probably want to make sure you have closed your positions by the end of the trading session.
Is Day Trading In India Safe?
Day trading in India, like elsewhere in the world, is risky. Many retail investors lose money, so only risk what you can afford to lose.
We also recommend making use of demo accounts to develop your day trading strategy and risk management plan before risking real funds.
Which Brokers Do Indian Day Traders Use?
The number of day trading brokers based in India and regulated by the country’s Securities and Exchange Board of India (SEBI) or Reserve Bank of India (RBI) is limited.
As a result, many Indian traders choose to open accounts with international brokers that offer products suitable for short-term trading, as there are hundreds to choose from.
However, local traders should be aware that choosing a brokerage based and regulated outside of India may limit your recourse options in the event of any issues. Additionally, make sure you continue to follow your local tax rules.
How Much Money Do I Need To Day Trade In India?
Most platforms accepting day traders in India require an initial investment of 20,000 Rupees or less. That said, some brokerages, such as Pepperstone, have no minimum deposit.
We recommend that beginners, in particular, only trade in small amounts until they build their confidence and develop an effective day trading strategy.
Recommended Reading
Article Sources
- Securities and Exchange Board of India (SEBI)
- Reserve Bank of India (RBI)
- National Stock Exchange of India (NSE)
- Bombay Stock Exchange (BSE)
- BAAP of Chart Indian Trading Scam - India Today
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