2 regulated brokers that accept clients in India — each with a free demo. Practice risk-free first, then go live with INR funding when you're ready.
Typical low starting deposit in India: ~₹800.
Established multi-regulated broker with pro-grade execution.
CFDs are complex instruments with a high risk of losing money rapidly.
Beginner-friendly with generous education and micro accounts.
India is the one market on this site where the honest answer starts with a warning rather than a ranking. Domestic equity, F&O and currency trading sits with SEBI-registered brokers. Offshore forex and CFD trading is a different question entirely: RBI and SEBI have repeatedly said retail residents may not remit money abroad to trade leveraged forex, and several well-known international brands sit on the RBI's alert list. This page lists the international brokers that still accept Indian clients — it is not a statement that doing so is permitted for you, and it is not legal advice.
The Liberalised Remittance Scheme lets residents send money abroad for a defined list of purposes. Margin trading in leveraged forex is not on that list. RBI publishes an Alert List of unauthorised electronic trading platforms, and SEBI has acted against offshore brands soliciting Indian residents. That means two separate things can be true at once: a broker can be genuinely well-regulated in Cyprus or the UK, and still be a platform you are not permitted to remit funds to from India. Anyone telling you it is 'grey area, everyone does it' is not the person who pays your penalty. Check the current RBI Alert List and your own position before you send money anywhere.
Only two of the brokers in our catalogue accept Indian clients, and that is deliberate rather than a data gap. Octa was dropped after the RBI alert listing, ED asset freezes and a five-year SEBI registration ban. Capital.com excludes India on its own affiliate list. XM appears here because it accepts Indian clients, but it is on the RBI alert list — we would rather say that plainly than pad the page to ten entries. A short list is a more useful signal than a long one.
A lot of people arrive here searching for brokerage calculators, delivery and intraday charges, DP charges or the cheapest broker for F&O. That is the SEBI-registered discount-broker market — Zerodha, Groww, Angel One, Dhan, Upstox and similar — and it is a genuinely different product from anything on this page. We do not rank Indian equity brokers and our calculators are built around forex and CFD position sizing, not exchange transaction charges and STT. If that is what you came for, a SEBI-registered broker's own charge sheet will serve you better than any comparison site.
Searches like 'which broker gives highest leverage in india' are the single most reliable predictor of a blown account. Leverage does not increase your edge; it shortens the time until a normal losing streak reaches zero. If you are going to practise anything on a demo, practise sizing a position from the cash you can afford to lose rather than from the leverage cap on the banner.
Availability for Indian clients first, then regulation quality, withdrawal reputation, demo quality and all-in cost. Rankings are editorial, not paid placement. Alert-list status is disclosed rather than hidden. Figures change — confirm on the broker's site, and confirm your own legal position before funding anything.
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