Data read 11 Nov 2026 158 prop firms · 10,748 terms · 11 exchanges

Forex brokers that take clients from India

Which forex brokers take clients from India?

0 of 24

brokers we read say in their own words that they take clients from India. 9 more are a yes by our reading, tagged, with the reason on each row.

Read · each broker's own pages · Link to this fact

Risk warning Leveraged trading carries a high risk of losing money. Data, not advice.

What the rules in India say. Foreign brokers without a local licence: not allowed.

those in the nature of remittance for margins or margin calls to overseas exchanges/ overseas counterparty are not allowed under the Scheme · rbi.org.in, 11 November 2026

Brokers that take clients from India

Strongest evidence first: its own words, then a licence we hold, then our judgement. Then by how many local ways to pay it names. This is not a ranking.

Forex brokers that take clients from India: the evidence, local ways to pay, minimum deposit, maximum leverage and swap-free account
BrokerWhy yesLocal to IndiaMinimum depositMax leverageSwap-free
Admirals Yes judged
India isn't on its list of countries it doesn't serve.
none named 100 EUR / 100 USD (Trade and Zero accounts); 1 EUR / 1 USD (Invest.MT5) 1:30 on forex for retail clients (Admirals Europe Ltd, CySEC); the site we were served shows the EU company only Yes, on Trade.MT5 (Islamic account); flat administration fee after 3 days (1 day for crypto, exotics, metals and energies)
Axi Yes judged
India isn't on Axi's list of places it doesn't serve.
none named $100 recommended (Standard, Premium); $25,000 recommended (Elite) 1000:1 (AxiTrader LLC, SVG) on all account types yes (Islamic account); fixed overnight holding fee instead of swaps
CMC Markets Yes judged
India isn't on CMC Markets' list of places it doesn't serve.
none named No minimum deposit 200:1 (CMC Markets Bermuda, BMA), CFD trading and FX Active accounts
Exness Yes judged
India isn't on its list of countries it doesn't serve.
none named Yes, on most popular assets (terms apply)
FXPesa Yes judged
India isn't on its list of countries it doesn't serve.
none named No minimum (Standard); from $100 (Premier) 1:400 (EGM Securities Limited, Kenya)
FXTM Yes judged
India isn't on its list of countries it doesn't serve.
none named 30 USD/EUR (Micro account) Up to 1:5000, floating (Rewards Plus and Rewards accounts, Exinity Limited) Yes, chosen when you create your profile (applies to all accounts on it); not on Micro or Advantage Stocks
RoboForex Yes judged
India isn't on its list of countries it doesn't serve.
none named 10 USD / 10 EUR (Prime, Pro, ProCent, ECN); 100 USD (R StocksTrader) 1:2000 (Pro and ProCent, RoboForex Ltd, FSC Belize); cut to 1:1000 when equity exceeds 10,000 USD Yes, swap-free offered on all account types listed
TMGM Yes judged
India isn't on its list of countries it doesn't serve.
none named From $100 (EDGE and CLASSIC; the same page's FAQ says no minimum deposit is required); $15 for the Cent account 1:1000 (EDGE and CLASSIC; global companies, not the ASIC one) Yes (EDGE and CLASSIC): no swaps, but a financing fee on some instruments (e.g. $2.00 on EURUSD; unit not stated) after a 5-day grace period
Ultima Markets Yes judged
India isn't on its list of countries it doesn't serve.
none named 1:2000 (international companies; not the UK company)

"Local regulator" means the broker names a regulator in India among its licences. A local way to pay is one the broker names on its own funding pages. Check the broker's page before you deposit: lists change.

Brokers that say no to India

A "no" is about where a broker takes clients. It is not a rating.

No answer yet for India: Capital.com, Deriv, Eightcap, Global Prime, JustMarkets, M4Markets, OANDA, XS.com.

More for India: Is forex trading legal in India? The RBI Alert List in full · Indian stockbrokers compared.

Other countries: Bangladesh · Indonesia · Kenya · Malaysia · Nigeria · Pakistan · South Africa · the UAE · the UK · the US.

Every forex broker side by side · fx-brokers.csv (CC BY 4.0)

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