Day Trading Brokers in India 2020 – Comparison and Reviews

If you’re based in India, selecting a day trading broker that meets your individual needs isn’t straightforward. There are over 70 brokerage firms in India, and many more operating globally – how do you know which broker to choose? Here we list the best day trading brokers in India with detailed reviews.

Despite a population of over 1 billion, there are only 20 million individual trading accounts registered to Indian citizens and far fewer brokers. That means if you’re on the search for good day trading brokers you may need to look further afield. Use the day trading discount brokers and accounts comparison table below.

Top Brokers in India Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional forex with low spreads or trade digital options with payouts up to 900%.
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets. boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
AxiTrader offers competitive spreads on a large range of Forex and CFD markets, integrated into the MetaTrader 4 platform. FCA and ASIC regulated.
72.6% of retail investor accounts lose money when trading CFDs with this provider offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
ATFX are an award winning, UK regulated broker. Offering Forex and CFDs with competitive spreads and a customer service focus. are a new brokerage, offering binary options and CFD trading
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
ThinkMarkets is a multi-regulated forex and CFD broker
Vantage FX are a Raw ECN Forex broker, regulated by ASIC is Australia. Boasting MT4, MT5 and Webtrader platforms, a range of account types and a deposit bonus of up to 50%
FXTM Are leading forex and CFD brokers. Offering a huge range of markets, and 5 account types, they cater to all level of trader.
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker. are the established pioneers of binary options. The choice of the advanced trader, offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
Dukascopy is a Swiss-based forex, CFD, and binary options broker
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
LiteForex Investments Limited is a regulated Forex & CFD broker offering the MT4 & MT5 trading platforms.
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
GO Markets is an ASIC-regulated FX & CFD broker.
Olymp Trade Offer Fixed time trades over a huge range of markets. Established in 2014, the firm now boasts over 25k active traders each day.
Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
Access global exchanges anytime, anywhere, and on any device. Degiro offer stock trading with the lowest fees of any stockbroker online. is a blockchain-based binary options broker
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
FP Markets is a multi-asset broker offering a choice of trading platforms.
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
New Forex broker Videforex can accept US clients and accounts can be funded in a range of cryptocurrencies. Payouts reach 95% per trade.
Leading Binary Options and Digital Options platform, offering high payouts, quick trading and a reliable service.
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.
ExpertOption offer digital trading on Forex, Cryptocurrencies, commodities, indices and stocks. This high risk / high reward trading is only available to certain regions.
Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types. offer a great all round service with trading on 2100+ assets and immediate bonus offers. $50 Welcome Bonus & Up to 30% Deposit Bonus.
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How To Compare Day Trading Brokers

day trading brokers in India and Indian RupeesWith the Bombay Stock Exchange (BSE) alone turning over half a billion dollars in day trading revenue, it’s no surprise there’s been a surge in the number of individuals turning their hand to intraday trading in India. But to do that, you’ll need to choose between the ever increasing number of day trading brokers that are available to Indian traders.

Whether you’re choosing an Indian stockbroker or a broker from elsewhere, there are several important factors to consider.

Make sure you shop around before you sign up for a trading account. Everyone has different needs. The cheapest broker may be ideal for someone looking to implement a bot who will make hundreds of trades a day. However, if you’re making fewer trades but require serious charting and back-testing capabilities, you may be better suited to a broker on the other end of the price scale.


If you’re making a high number of trades each day, commission fees can quickly add up. There’s no use investing all your time and energy into an effective strategy only to waste money on excessive costs. Look for a straightforward price structure with no hidden broker fees.

  • Margin – This is effectively a loan that will allow you capitalise on future price movements. How much will the broker allow you to borrow, and at what rate will you have to pay it back?
  • Minimum deposit– If you’re just starting out you may not have a substantial amount of capital to invest yet. Many day trading stock brokers online, for example, will demand a hefty initial deposit. So, some brokers may automatically be out of your financial reach at the moment.
  • Account types – Many brokers will offer different account options, ranging from standard to platinum accounts. These will come with varying features, such as extensive technical analysis tools. Consider which account level your strategy requires and whether you can find the same features for a better price elsewhere.

Minimum Trades

Whether you’re looking for stock or CFD brokers, check reviews for minimum trade clauses. Some brokers will charge you a penalty for not trading enough. You don’t want to be pressured into making more trades than you can handle. Quality often trumps quantity in the intraday game.

Platform & Research Facilities

Just as important as broker fees is the platform on offer. This will be your door to the trading world and where you’ll spend much of the day. You want a sleek and easy to navigate platform. It needs to house all the technical charts and tools you need to effectively trade. Part of that may include market research capabilities to help you screen and identify assets to trade.

A demo account will allow you to conduct a thorough daytrading broker test. Funded with simulated money, you can make sure the platform meets your needs. Not to mention it’s a fantastic opportunity to test a strategy before you put capital on the line.

Customer Service

You must check brokers reviews before you sign up. If you’re in the middle of a trade with serious capital on the line, and you encounter a technical problem, you don’t want to be left on hold for half an hour. Every second counts, so you need fast and reliable customer support.

You’ll now find many friendly day trading brokers offer 24/7 phone support in numerous languages, and/or live online chat services. Brokers that miss the mark on customer support may also fall short in other areas.


Just like a free £75 voucher may convince you to change bank accounts, so could an irresistible broker offer. You can find extras in the forms of free capital to trade, perfect for beginners finding their feet. You could also benefit from free subscriptions to advanced technical tools and charting software.

It’s always worth enquiring to see if you can get some cheeky extras for free. Every little bit helps.

Local Office

Many individuals understandably prefer doing their research in person. Whilst the internet can provide you with a whole host of information, if you want specific questions answered, why not check to see if the broking house has a local office?

You may be able to speak to a company executive or a sales representative. For example, RKSV has offices in both Mumbai and Delhi. Both ICICI Securities and Angel Trade have numerous offices across India.

Final Word On Top Brokers

Above some of the best day trading brokers online in India have been collated. However, consider what it is you want to trade and in what volume. The best day trading futures brokers, may be different to the top CFD and stock brokers, for example. Once you know the what, you can then streamline your search to find the who.

Take Away Points

Whilst day trading without a broker is possible, the benefits they offer massively enhance your chances of success. The challenging part comes with finding the right broker. Consider all of the factors mentioned above. If you aren’t sure, search for reviews and see if you can try them with a demo account first. Finally, if you want to reach the dizzying heights and riches that infamous trader Prakash Gaba has, hold dear his advice, ‘Never give up…it’s so easy…anyone can do that.’