CFD Brokers In India

CFD brokers in India offer contracts for difference on popular financial markets, from forex to stocks and cryptocurrencies. But with a variety of providers on the market, picking the right broker can be difficult. In this guide, we explain what contracts for difference are and how to find the best CFD brokers in India.

CFD Brokers In India

FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader. Get a 30% Deposit Bonus - Get an extra 30% on top of your deposit – that’s up to $200 more to trade with.
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indexes exclusively at Deriv.
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
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%.
XM.com 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.
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
72.6% of retail investor accounts lose money when trading CFDs with this provider
Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products over assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
75.26% 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.
RoboForex is a multi-asset online broker offering powerful trading aides.
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
FXCC is a highly regulated and trustworthy MT4 trading broker.
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
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
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.
Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
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Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
Quotex offers a proprietary web platform that offers digital options and copy trading.
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
GO Markets is an ASIC-regulated FX & CFD broker.
ThinkMarkets is a multi-regulated forex and CFD broker
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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.
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
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.
Dukascopy is a Swiss-based forex, CFD, and binary options broker
ExpertOption offer digital trading on Forex, Cryptocurrencies, commodities, indices and stocks. This high risk / high reward trading is only available to certain regions.
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
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.
Trade on the financial markets with low cost, leveraged products at HYCM.
Binance is one of the leading online crypto exchanges offering Bitcoin.
Global Prime is a multi-regulated trading broker offering 100+ markets.
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
FP Markets is a multi-asset broker offering a choice of trading platforms.
Kraken is a top crypto trading exchange offering the largest altcoins by market cap.
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Trade the markets with MT4 trading tools alongside CySEC regulation.
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
Spectre.ai is a blockchain-based binary options broker
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing huge flexibility to suit any trader.
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
LiteForex Investments Limited is a regulated Forex & CFD broker offering the MT4 & MT5 trading platforms.
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
StormGain provides an online crypto trading platform & cloud mining tool.
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
LMFX offers online forex and stock trading with low fees and high leverage.
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.
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Fondex is an award-winning forex and CFD broker with industry low trading costs
83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.
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. Recent customer care issues have severely damaged the reputation of the brand.
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
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.
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Leading short term trading platform, offering high payouts, quick trading and a reliable service.
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What Is A CFD?

A contract for difference (CFD) is a type of financial derivative that represents a contract between a trader and a broker. The agreement is to exchange the difference between the buy and sell price. For example, if the closing price is higher than the entry price, the buyer makes a profit. The broker profits when the closing price is lower than the entry price, i.e the trader makes a loss. The opposite would be true if an investor took a short position.

The parties do not own the securities involved but simply speculate on price changes, which is why CFDs are a derivative – their value is derived from the performance of an underlying asset.

History Of CFDs

CFDs were created by a financial services firm in London in the early 1990s. Their invention is largely credited to Brian Keelan and Jon Wood. They were developed as a type of equity swap that was traded on margin and was used to offset the risk of losses on the London Stock Exchange. They were primarily used for hedging institutional trades, but CFD brokers in India and worldwide now offer this type of investment to retail clients.

Top CFD brokers in India

Popularity Of CFDs In India

There are a few reasons why CFDs are popular in India. Firstly, many brokers do not charge commission or fees to enter or close a trade. Instead, brokers earn money through the spreads. Plus, CFD brokers in India offer the option of either a rolling contract or one with an expiry. This flexibility is popular compared to futures and options that come with a fixed expiry.

CFDs are also available on a diverse range of assets, including forex, stocks and commodities. In addition, CFDs can be leveraged, meaning the results of a trade can be multiplied beyond what the deposit amount would normally allow.

How Do CFD Brokers In India Work?

There are different ways CFD brokers in India can operate. A ‘no dealing desk’ broker works by providing direct access to the interbank market and sends orders to liquidity providers while acting as an intermediary. These can either be a ‘Straight-Through-Processing’ (STP) broker or an ‘Electronic Communication Network’ (ECN) broker. An STP broker does not execute orders but simply runs trades to external liquidity providers.

ECN CFD brokers in India compile buy and sell orders from a number of liquidity providers onto an electronic trading system. Simply put, they connect market participants together so they can trade with each other. These types of CFD brokers in India profit from volume or commission. However, they can be expensive to trade with, having large minimum lot sizes and a costly commission structure.

A dealing desk broker, on the other hand, acts as a ‘market maker’ meaning they create liquidity for their traders by taking the other side of a trade. As a result, market maker CFD brokers in India earn money from client losses, which arguably creates a conflict of interest. They’re often more accessible to traders with less capital, with low minimum deposits and competitive fees. However, they tend to be less transparent and can offer inconsistent prices. Therefore, no dealing desk brokers are sometimes preferred by experienced traders.

How To Compare CFD Brokers In India

When choosing the right CFD brokers in India for you, traders should consider their individual needs. Start by understanding your preferred investment style and level of knowledge. CFDs are a risky product, particularly when leveraged, so you should also check it fits with your risk tolerance.

Top online CFD brokers in India

The following factors are also important to consider:

Fees

CFD brokers in India will have varying commission and spread structures which is an important consideration. Commission is charged per lot while spreads are a broker’s markup on the market price. If you plan to trade frequently, fees can add up. Therefore it’s important to pick a broker with tight spreads and low commissions.

Leverage

CFDs are a leveraged product, meaning you can open positions that are larger than your available balance would usually afford you. The higher the leverage offered by CFD brokers in India, the larger the trade you can open. Leverage limits depend on the regulatory status of the broker.

Range Of Markets

The best CFD brokers in India offer a variety of markets to speculate on. Some of the most popular are forex, commodities, cryptocurrencies and Indian market indices. For FX traders, in particular, it could be worth checking the platform offers currency pairs with INR.

Regulation In India

The Securities and Exchange Board of India (SEBI) prohibits CFD brokers in India. Despite this, there are a number of platforms brokers advertising illegal or unregulated services to traders. If you are based in India and are eager to trade CFDs, you can open an account with brokers based in other countries, such as Australia or Europe.

We’d recommend selecting CFD brokers in India that are licensed and regulated with a trusted global regulator, such as the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC).

SEBI logo

Bonuses

CFD brokers in India may reward traders for choosing their services by offering a welcome no deposit bonus. These promotions can be attractive offers, but check the terms and conditions before you get started.

Account Types

Accounts types may differ in fees, minimum deposit requirements, leverage limits and markets. Ensure you pick one that fits with your budget. The top CFD brokers in India also offer free demo accounts so you can try before you buy.

Platforms

Platforms offered by CFD brokers in India provide varying functionality and usability. Some platforms are more suited to advanced traders, offering customisable indicators, graphs and charts. The same information and tools can be overwhelming for a beginner, therefore, you may want to use a paper trading account to try the platform before investing.

Mobile Apps

The best online CFD brokers in India offer a mobile version of their platform. This enables better access to the markets without being tied to your desk. Most platforms are available on both Android and iOS devices.

Tools

The tools provided by CFD brokers in India can greatly enhance your experience. For example, beginners may benefit from educational resources while experts require a solid selection of analytical tools. Select a broker that offers the right tools for your experience level.

Customer Support

A matter of seconds or minutes can make the difference when investing. Therefore, a responsive and reliable customer support team is crucial when choosing between CFD brokers in India. The support team should be available during the hours that you trade and offer a number of ways that you can contact them, such as a toll-free telephone number, email or live chat.

Payment Methods

Popular payment methods include bank wire transfer, credit/debit card and PayPal. Look for CFD brokers in India that offer instant deposits that are free of charge.

Accounts with lower minimum deposit requirements are more accessible for beginners or those with less capital. Spot trading forex and stocks often have high minimum thresholds, as there are minimum trade sizes on exchanges. For example, you’ll need to buy a whole share in a company. In general, CFD brokers in India do not require large minimum deposits as they are leveraged products with smaller order sizes.

Final Word On CFD Brokers In India

Since CFD brokers are banned in India, there are a number of firms operating illegally, with no regulation. Therefore, the best online CFD brokers for Indian traders operate out of other jurisdictions. Take your unique trading requirements into account when selecting a broker, in particular, consider your strategy, capital and risk strategy before looking at bonuses. See our list of the top providers to get started.

FAQs

CFD brokers are prohibited by The Securities and Exchange Board of India (SEBI) who do not have a robust set of rules to regulate them. However, some offshore brokers, or those regulated in other jurisdictions, do permit Indian traders. See our table of the best CFD brokers in India.

How Much Capital Do I Need To Trade With CFD Brokers In India?

As CFDs are a leveraged product, you do not need a lot of capital to place larger trades. The higher the leverage ratio offered by the broker, the larger trades you can place beyond the balance in your account. Each broker will have varying minimum deposit requirements, but these are usually small. Consider what you can afford to lose before depositing.

Will I Be Taxed For Investing With CFD Brokers In India?

Any profits or losses on your trades may be subject to capital gains tax. It could be worth consulting a tax professional to ensure you meet your responsibilities.

How Do I Find The Best CFD Brokers In India?

The best CFD brokers in India will depend on your personal trading style, volume and other individual factors. We’ve compiled a list of the top brokers for you to select from.

What Are The Different Types Of CFD Brokers In India?

There are two main types of CFD brokers in India, ‘no dealing desk’ or ‘dealing desk’ brokers. No dealing desk brokers are market makers that create their own liquidity by taking the other side of a trade. Dealing desk brokers connect directly with exchanges. There are pros and cons to each. Dealing desk brokers tend to have high minimum deposits while some prefer the transparency of a direct exchange approach.