Best CFD Brokers In India 2026
Contracts for difference (CFDs) are not authorized trading products in India, so you won’t find CFD brokers regulated by the Securities and Exchange Board of India (SEBI). Indian traders may be able to technically open accounts with overseas CFD trading platforms, but the Reserve Bank of India (RBI) prohibits remitting funds abroad for margin trading.
We’ve listed CFD brokers accepting traders from India. However, using these firms may see residents forego local regulatory protections – we recommend seeking professional advice.
Top 6 CFD Brokers In India
Our findings show these 6 platforms are the best for CFD traders in India:
Here is a short overview of each broker's pros and cons
- XM - XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies.
- RoboForex - RoboForex offers a growing suite of over 12,000 CFDs, encompassing forex, stocks, indices, commodities, futures and ETFs. With an initial deposit of $10 and micro lot trading through to margin access, RoboForex caters to a broad range of derivative traders. On the downside, analysis reveals execution speeds of 1-3 seconds, noticeably slower than IC Markets at 0.35 seconds, and suboptimal for fast-paced strategies like scalping.
- Trade Nation - Trade leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions.
- Markets.com - Markets.com delivers a broad CFD offering spanning forex, commodities, indices, stocks, ETFs, bonds, cryptocurrencies, and even unique thematic blends and IPOs. Low trading costs and accessible education make it beginner-friendly, while feature-rich charting platforms and specialized tools like hedge fund confidence and insider trading alerts give experienced CFD traders an analytical edge.
- FXCC - FXCC offers a range of CFDs beyond forex with a modest selection of metals, energies, indices, but hundreds of equities and more than two dozen cryptos. The ECN XL account has no restrictions on CFD trading strategies and MetaTrader offers robust charting tools and risk management, including take profit and stop loss orders.
- Ultima Markets - Ultima Markets offers leveraged CFDs on currencies, stocks, indices and commodities. Traders can speculate on rising and falling prices with fast execution speeds and no hidden fees. On the downside, the depth of instruments trails alternatives.
Best CFD Brokers In India 2026 Comparison
| Broker | CFD Trading | 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, Crypto | R StocksTrader, MT4, MT5, TradingView | 1:2000 |
| Trade Nation | ✔ | - | $0 | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only) | TN Trader, MT4, TradingView | 1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA) |
| Markets.com | ✔ | - | $200 | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds | Web Platform, MT4, MT5, TradingCentral | 1:500 |
| FXCC | ✔ | - | $0 | CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto | MT4, MT5 | 1:1000 |
| Ultima Markets | ✔ | - | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | WebTrader, UM Social, UM App, MT4, MT5 | 1:30 (EU), 1:2000 (RoW) |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| XM | 3137 | ||||
| RoboForex | 772 | ||||
| Trade Nation | 2087 | ||||
| Markets.com | 1256 | ||||
| FXCC | 208 | ||||
| Ultima Markets | 911 |
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
| FTSE Spread | 1.4 |
|---|---|
| GBPUSD Spread | 0.8 |
| Stocks Spread | 0.002 |
| Leverage | 1:1000 |
| Regulator | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| Platforms | MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, JPY, ZAR |
Pros
- 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 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 has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
Cons
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
- 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.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
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
| FTSE Spread | 17.5 |
|---|---|
| GBPUSD Spread | 0.4 |
| Stocks Spread | 0.01 |
| Leverage | 1:2000 |
| Regulator | FSC |
| Platforms | R StocksTrader, MT4, MT5, TradingView |
| Account Currencies | USD, EUR |
Pros
- The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
- The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
- 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.
Cons
- Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion 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.
- 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.
Trade Nation
"Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped."
Trade Nation Quick Facts
| FTSE Spread | From 0.4 |
|---|---|
| GBPUSD Spread | From 0.6 |
| Stocks Spread | Variable |
| Leverage | 1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA) |
| Regulator | FCA, ASIC, CMVM , FSCA, SCB, FSA |
| Platforms | TN Trader, MT4, TradingView |
| Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
Pros
- The broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CVMV, boosting its safety protections for European residents.
- In testing of the TN Trader account under normal market conditions, fixed spreads held while fills were prompt on major forex pairs, with a slight drift in the entry level as price ticked between click and fill.
- Trade Nation accounts can now be linked with TradingView, providing advanced multi-charts and the ability to execute trades directly.
Cons
- Offshore SCB and FSA entities allow retail clients up to 1:200 and 1:500 leverage compared to 1:30 in regions like the UK, Europe and Australia, so an FSA client can have 16 times the exposure of a UK retail client on the same trade, but with less oversight and no compensation scheme.
- The 2–20% rebate scheme is closed to FCA, CMVM, and ASIC clients, meaning active day traders in these regions who would benefit from transaction rebates cannot claim them.
- Withdrawals can take up to five business days, which is around the industry average but slower than the 1-3 days we’re increasingly seeing brokers offer in an attempt to quash withdrawal complaints from retail investors.
Markets.com
"Markets.com is best suited to retail investors who trade frequently but don’t want to calculate commissions, thanks to its spread-only pricing (EUR/USD around 1.3 pips). It especially appeals to short-term traders who value fast execution, flexible asset choice spanning 2,200+ instruments and proprietary tools like hedge fund confidence indices and insider trade alerts."
Markets.com Quick Facts
| FTSE Spread | 2.5 |
|---|---|
| GBPUSD Spread | 1.5 |
| Stocks Spread | 1.53 (Apple) |
| Leverage | 1:500 |
| Regulator | ASIC, CySEC, FSCA, BVI FSC |
| Platforms | Web Platform, MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK |
Pros
- Markets.com provides commission-free trading on most assets with spreads starting from around 0.6 pips on major forex pairs, making it cost-effective for casual traders.
- Switching between the proprietary web platform (great for alerts and quick analysis) and MT5 (strong for algorithmic EAs) was smooth in our tests; positions synced across desktop, web, and mobile without gaps or re-quotes.
- Markets.com’s Hedge Fund Confidence and Insider Trading tools pulls SEC filings into the dashboard within 24 hours of disclosure, helping to spot fund moves and C-suite buys before most retail newsfeeds updated.
Cons
- During sign-up, we hit unclear account type explanations and got stuck in an email verification loop that locked us out for an hour - way less streamlined than other brokers we’ve tested.
- The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.
- While CySEC and FSCA oversight is solid, the SVGFSA and BVIFSC entities offers 1:500 leverage under a light-touch framework, meaning protections like compensation schemes and strict conduct rules lag behind the strictest regulatory standards.
FXCC
"FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders."
FXCC Quick Facts
| FTSE Spread | 1.10 |
|---|---|
| GBPUSD Spread | 0.4 |
| Stocks Spread | 0.17 (Apple) |
| Leverage | 1:1000 |
| Regulator | CySEC, MISA |
| Platforms | MT4, MT5 |
| Account Currencies | USD, EUR, GBP, CAD |
Pros
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
Cons
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- FXCC charges steep withdrawal fees on many of its payment methods, including $45 for bank transfers and 2% crypto transfers, which may cut into the returns of traders making regular withdrawals.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
Ultima Markets
"Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment."
Ultima Markets Quick Facts
| FTSE Spread | NA |
|---|---|
| GBPUSD Spread | 0.6 |
| Stocks Spread | 0.1 |
| Leverage | 1:30 (EU), 1:2000 (RoW) |
| Regulator | FCA, CySEC, FSCA, FSC |
| Platforms | WebTrader, UM Social, UM App, MT4, MT5 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD |
Pros
- Pre-IPO stocks added, including Rocket Launch and LEO Satellite networks
- Regulated by the CySEC and more recently the FCA, boosting its trust score
- $50 minimum deposit with the Standard account
Cons
- $20,000 minimum deposit required for the very best trading conditions
- Weak regulatory oversight through the offshore branch
- Slow sign-up process compared to rivals
How We Rate CFD Brokers
To list the best CFD providers for Indian traders we took our database of 142 online brokers, then:
- Identified those offering CFD trading
- Pinpointed those accepting Indians
- Sorted them by their overall rating
Our broker ratings consider 200+ quantitative data points and qualitative insights gathered by our industry experts during hours of hands-on testing, with a focus on key areas, notably:
Trust
Given that there is no regulatory framework authorizing and overseeing CFD trading platforms in India, it’s even more important for Indians who choose to deal in this risky financial product to choose a trusted overseas firm.
We only recommend CFD brokers we trust after considering several elements:
- Regulatory oversight: If they’re not authorized by India’s SEBI, we investigate whether they hold licenses with other respected regulators, such as the FCA in the UK, ASIC in Australia, or SEC in the US.
- Industry standing: We scrutinize their background, looking for regulatory breaches and complaints from traders, including our own team, that the platform doesn’t provide fair CFD trading conditions or pay out withdrawals.
- Years of experience: We find out how long they’ve been offering CFD trading, as we know brokers with many years in the industry, an active user base, and respected awards, are usually more reliable.
- Despite not holding a license with the SEBI, Interactive Brokers consistently ranks as one of the most trusted CFD providers, with 7 ‘green-tier’ licenses, 40+ years in the industry, 2+ million clients, plus it’s listed on the NASDAQ, ensuring financial transparency.
Tradable Assets
The Indian economy is classed as emerging but has a huge presence on the global stage. It is the 5th largest economy in the world by GDP, though Forbes predicts it will be the 3rd largest by 2027.
This scale is driven largely by the country’s population – 1.4 billion, the second largest globally – as most of its economy is domestic consumption.
India’s economy is clearly an exciting place for global investment, so it’s no surprise that Indian traders want to use CFDs to speculate on its financial markets. Yet we’ve explored countless trading platforms and CFDs on Indian assets remain rare, though there are exceptions…
- IG is a stand-out option if you want to trade CFDs on Indian markets. The brokerage offers CFDs on a number of ETFs, including iShares India 50, Amundi ETF MSCI India UCITS, and Invesco India Exchange-Traded Fund Trust. IG also provides CFDs on relevant currency pairs, including USD/INR, GBP/INR and INR/JPY, plus stocks like the State Bank of India GDR (SBID).
Leverage Requirements
Leverage trading is one of the biggest draws of CFD trading. It allows you to multiply trading results (profits and losses) by putting down a relatively small amount of Indian Rupees, known as ‘margin’.
Let’s say I suspect there is about to be an announcement concerning increasing foreign investment towards Big Tech companies in India, such as Infosys, Wipro and TCS.As a result, I believe that the value of HSBC S&P India Tech UCITS ETF may rise and my broker offers me 1:5 leverage on a CFD for the asset.
If I have 20,000 INR in my account, this would allow me to take a long CFD position worth 100,000 INR (5 x 20,000).
Every one of our recommended CFD platforms offers leverage with clear margin requirements so you know how much money you need to put down and maintain in your account to keep positions open.
However, we’ve observed many CFD platforms offering very high leverage to Indian traders, significantly beyond the 1:30 available in tightly regulated jurisdictions like Europe and Australia. We do not recommend trading CFDs with this high leverage, especially if you’re a beginner – it significantly increases the risk of large losses.
- IC Markets offers leverage up to 1:1000 on CFDs, available to Indian traders with clear margin requirements; if your account’s margin level falls below 50% your positions may be closed out. Its ‘All in One’ calculator is also super easy to use and shows you the required margin depending on the asset and position size.
Pricing
Low-cost brokers are key for successful CFD trading, especially those adopting short-term strategies like day trading.
That’s why we’re consistently testing brokers, evaluating spreads, commissions, and any additional fees such as those for transferring Indian Rupees to CFD accounts based in another currency.
However, we also know that price isn’t everything. That’s why we weigh the cost against the quality of the tools provided, as a CFD broker that provides expert insights into events that may affect the Indian economy and its stock exchange, for example, may help investors identify short-term trading opportunities that can be capitalized on with CFDs.
- Pepperstone is a low-cost CFD provider, especially after reducing its fees in recent years. During testing, we found it continually delivers competitive spreads. For example on the USD/INR, spreads came in as low as 7 pips, but averaged 9 pips throughout the day.
Trading Tools
A CFD trader needs the right tools to successfully execute positions. The world of trading platforms can feel overwhelming as the number of options available and their unique features are time-consuming to compare.
Fortunately, we’ve taken the legwork out of it. Our analysts have spent countless hours testing major platforms and apps, marking them for criteria such as their intuitive design (key for beginners) and the strength of their charting package (key for advanced traders).
CFD brokers that provide research tools that you can tailor to regions, such as India, also stand out, providing insights that could inform short-term trading decisions.
- IG offers a fantastic selection of trading tools, from third-party favorites like MT4 to its incredibly intuitive web platform. Its comprehensive economic calendar also allows you to filter to India, providing updates on trade deficits, manufacturing output, unemployment rates, CPI and more.
Account Funding
We only recommend CFD trading platforms in India with an affordable minimum deposit of below 250 USD, around 20,000 INR.
For example, the top payment methods used by Indians are wire transfers and bank cards, according to Statista – available at all our top-rated CFD brokers.
Popular Indian e-wallets, however, such as RuPay and MobiKwik, are not widely available in our experience – brokers tend to prioritize globally recognized payment methods, such as PayPal instead.
- Exness offers convenient account funding for Indian traders, notably bank cards and wire transfers. It also supports an INR-based CFD trading account with a low minimum investment of 10 USD, around 850 INR. Islamic trading accounts are also provided.
FAQ
Which Is The Best CFD Broker In India?
Refer to our list of the best CFD brokers in India to find the right trading platform for you.
However, it’s important to note these brokers are not authorized by an Indian regulator, substantially increasing the risk for Indian traders.
Who Regulates CFD Brokers In India?
There is no regulatory framework in India permitting CFDs – the Securities and Exchange Board of India (SEBI) does not authorize CFD brokers.
There are many international brokers offering CFDs to Indian traders and even providing INR-based accounts and opportunities to speculate on underlying Indian assets. However, Indians may be forgoing any legal protections and should seek professional advice to ensure they are operating within India’s laws.
What Is The Minimum Deposit Needed To Open A CFD Trading Account In India?
Our analysis shows the vast majority of CFD brokers accepting Indian traders require a starting deposit of below $250, or 20,000 INR.
That said, Interactive Brokers stands out as the highest-rated platform with no minimum investment, catering to Indian CFD traders on a budget.
Recommended Reading
Article Sources
- Muslim Population in India is Nearly 20 Crore in 2023: Govt in Lok Sabha, The Economic Times
- India Will Grow To Become The World’s Third-Largest Economy By 2027, Forbes
- MAKE IN INDIA 2.0, Goverment of India
- Securities & Exchange Board of India
- 22 Technology Companies in India to Know, Built In
- Most Common Payments by Type in India, Statista
The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com