Top India Brokers for 2020

Indian Brokers Explained

Trading the financial markets with Indian Brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Indian Brokers is the platform that a Indian Brokers offer.

Choose Indian Brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Indian Brokers that you can rely on.

6 Factors to Consider when Choosing Indian Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Indian Brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Indian broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another top rated broker is Pepperstone.

Pepperstone was established 2010, and in operation for 8 years Pepperstone have a head office in Australia.

Pepperstone is regulated. This means Pepperstone are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	Pepperstone	Plus500	FXPrimus
Year Established	2006	2010	2008	2009
Head Office	Cyprus, UK	Australia	Israel	Cyprus
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14	Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Used By	10,000+	10,000+	15,500+	10,000+
Negative balance protection	No	Yes	Yes	No
Guaranteed Stop Loss	No	No	No	No
Learn More	Visit eToro	Visit Pepperstone	Visit Plus500	Visit FXPrimus
Risk Warning	65% 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.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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	76.4% of retail CFD accounts lose money	Losses can exceed deposits

Are The Indian Brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for Indian Brokers is Pepperstone . Pepperstone Segregates clients funds and offers over 100 instruments.

Broker	eToro	Pepperstone	Plus500	FXPrimus
Instruments Available	100	100	2,000	100
Platforms	Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	KR, IR, IQ, SY, JP,US	BE, US, CA ,CN, SG, ID, PH	AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC.
Forex pairs offered	50	70	100	45
Forex pairs offered	50	70	100	45
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	No
Commodities Offered	0	16	17	0
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	No	Yes	No
Stocks Offered	957	60	1816	60
UK Shares	Yes	No	Yes	Yes
US Shares	Yes	No	Yes	Yes
German Shares	Yes	Yes	Yes	No
Japanese Shares	Yes	No	Yes	No

What are the Indian Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Indian broker eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.

Another top rated Indian broker Pepperstone offers Forex, CFDs, Social Trading. Pepperstone minimum deposit is 200.

Broker	eToro	Pepperstone	Plus500	FXPrimus
Min Deposit	200	200	100	100
Withdrawl Fees	Yes	No	No	Varies
Inactivity Fees	Yes	Yes	Yes	No
Deposit Fees	No	No	No	Varies
CFD Commission Fees	No	Yes	No	No

What are the Indian Brokers Funding and Withdrawal Methods?

When dealing with Indian Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	Pepperstone	Plus500	FXPrimus
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	No
Skrill	Yes	Yes	Yes	No
Payoneer	Yes	Yes	No	Yes
Neteller	Yes	Yes	No	Yes

Find Indian Brokers with Round-the-clock support?

Customer service is very important when dealing with Indian Brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Indian Brokers customer support can include Phone answering services, Live chat support and Email customer service support.

eToro support a wide range of languages including English, German, Spanish, French, and Italian

Pepperstone support a wide range of languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

eToro and Pepperstone offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	Pepperstone	Plus500	FXPrimus
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, German, Spanish, French, and Italian	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic	English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese	English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian
Learn More	Visit eToro	Visit Pepperstone	Visit Plus500	Visit FXPrimus
Risk Warning	65% 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.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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	76.4% of retail CFD accounts lose money	Losses can exceed deposits

Make sure the Indian Brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and Pepperstone work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do Indian Brokers need to be regulated?

A regulated Indian broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Indian brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

Indian Brokers FAQ

What are the best Indian brokers?

The best Indian brokers that are regulated are

• eToro rated 4/5
• Pepperstone rated 4/5
• Plus500 rated 4/5
• FXPrimus rated 4/5
• IC Markets rated 4/5
• Admiral Markets rated 4/5
• FP Markets rated 4/5
• FXPro rated 4/5
• Trading 212 rated 4/5
• AvaTrade rated 4/5
• City Index rated 4/5
• EasyMarkets rated 4/5
• Forex.com rated 4/5
• XM rated 4/5
• Axitrader rated 4/5
• HYCM rated 4/5
• ThinkMarkets rated 4/5
• PaxForex rated 4/5
• SpreadEx rated 4/5
• Swissquote rated 4/5
• Markets.com rated 4/5
• ForexMart rated 4/5
• ForTrade rated 4/5
• OctaFX rated 4/5

What is the best Indian broker?

The best Indian broker is eToro. We consider eToro one of the best Indian brokers because eToro is actively used by over 10000 active traders. eToro ia regulated by tier 1 financial regulators including Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). eToro were founded in 2006 and have a headquarters in Cyprus, UK. You can open a live trading account with eToro with as little as a 200 min deposit.

Is Forex Trading Legal in India?

Their is a misconception that trading Forex on the financial market in India is considered unsafe. This is not the case, Forex trading in India is very active. Trading in Forex is allowed in India as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. India Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in India?

Once a traders profits reach a level where the trading income can be taxed in India, the trader should make sure all taxes owed for a financial year are paid. India taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper India government agency. You should seek advice with a India tax professional to ensure they are abiding by all proper tax laws in India.

How do you trade Forex or CFDs in India?

If you are looking to trade Forex or CFDs on the financial markets in India you will need to find a reputable broker that is regulated. The best online broker for Forex or CFD trading in India is eToro. eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and offers CFDs, Social Trading trading. You can open a live account with a min deposit of 200.

Related Indian Brokers Reviews

Read our reviews on our Indian Brokers listed above. You can read our indepth Indian Brokers reviews below.

• eToro Review
• Pepperstone Review
• Plus500 Review
• FXPrimus Review
• IC Markets Review
• Admiral Markets Review
• FP Markets Review
• FXPro Review
• Trading 212 Review
• AvaTrade Review
• City Index Review
• EasyMarkets Review
• Forex.com Review
• XM Review
• Axitrader Review
• HYCM Review
• ThinkMarkets Review
• PaxForex Review
• SpreadEx Review
• Swissquote Review
• Markets.com Review
• ForexMart Review
• ForTrade Review
• OctaFX Review

Related Indian Brokers Alternatives

If you feel some of the above Indian Brokers are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Indian Brokers alternatives below.

• eToro Alternatives
• Pepperstone Alternatives
• Plus500 Alternatives
• FXPrimus Alternatives
• IC Markets Alternatives
• Admiral Markets Alternatives
• FP Markets Alternatives
• FXPro Alternatives
• Trading 212 Alternatives
• AvaTrade Alternatives
• City Index Alternatives
• EasyMarkets Alternatives
• Forex.com Alternatives
• XM Alternatives
• Axitrader Alternatives
• HYCM Alternatives
• ThinkMarkets Alternatives
• PaxForex Alternatives
• SpreadEx Alternatives
• Swissquote Alternatives
• Markets.com Alternatives
• ForexMart Alternatives
• ForTrade Alternatives
• OctaFX Alternatives

Related Indian Brokers Comparisons

You can read some of our Indian Brokers comparisons. We compare side by side some of our top rated Indian Brokers . Read some Indian Brokers VS pages below.

• eToro vs XTB
• eToro vs Pepperstone
• eToro vs Plus500
• Pepperstone vs XTB
• Pepperstone vs eToro
• Pepperstone vs Plus500
• Plus500 vs XTB
• Plus500 vs eToro
• Plus500 vs Pepperstone
• FXPrimus vs XTB
• FXPrimus vs eToro
• FXPrimus vs Pepperstone
• ICMarkets vs XTB
• ICMarkets vs eToro
• ICMarkets vs Pepperstone
• AdmiralMarkets vs XTB
• AdmiralMarkets vs eToro
• AdmiralMarkets vs Pepperstone
• FPMarkets vs XTB
• FPMarkets vs eToro
• FPMarkets vs Pepperstone
• FXPro vs XTB
• FXPro vs eToro
• FXPro vs Pepperstone
• Trading212 vs XTB
• Trading212 vs eToro
• Trading212 vs Pepperstone
• AvaTrade vs XTB
• AvaTrade vs eToro
• AvaTrade vs Pepperstone
• CityIndex vs XTB
• CityIndex vs eToro
• CityIndex vs Pepperstone
• EasyMarkets vs XTB
• EasyMarkets vs eToro
• EasyMarkets vs Pepperstone
• Forex.com vs XTB
• Forex.com vs eToro
• Forex.com vs Pepperstone
• XM vs XTB
• XM vs eToro
• XM vs Pepperstone
• Axitrader vs XTB
• Axitrader vs eToro
• Axitrader vs Pepperstone
• HYCM vs XTB
• HYCM vs eToro
• HYCM vs Pepperstone
• ThinkMarkets vs XTB
• ThinkMarkets vs eToro
• ThinkMarkets vs Pepperstone
• PaxForex vs XTB
• PaxForex vs eToro
• PaxForex vs Pepperstone
• SpreadEx vs XTB
• SpreadEx vs eToro
• SpreadEx vs Pepperstone
• Swissquote vs XTB
• Swissquote vs eToro
• Swissquote vs Pepperstone
• Markets.com vs XTB
• Markets.com vs eToro
• Markets.com vs Pepperstone
• ForexMart vs XTB
• ForexMart vs eToro
• ForexMart vs Pepperstone
• ForTrade vs XTB
• ForTrade vs eToro
• ForTrade vs Pepperstone
• OctaFX vs XTB
• OctaFX vs eToro
• OctaFX vs Pepperstone