FxPro's websiteSEBI-regulated brokers in India
Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.
Key facts (22 of 90 counts · 73 brokers onboarding Indian residents)
Top 3 (of 2 ranked)
SEBI-regulated brokers in India (22 of 90)
| # | Broker | Round turn, USDIN | Min deposit, USDIN | Leverage | Withdrawal, hIN | Score | Execution | Founded | Funding |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 7 | — | —stated, not verified | — | 4.38 | ECN/raw + standard | 1998 | 2 methods | |
| 2 | — | — | —stated, not verified | 48 | 4.31 | — | 1994 | 2 methods | |
| 3 | — | — | —stated, not verified | 24 | 4.25 | — | 1996 | 2 methods | |
| 4 | 5 | 0 group | —stated, not verified | 48 | 4.14 | ECN/raw + standard | 1977 | 1 methods · local | |
| 5 | — | — | —stated, not verified | 3 | 4.12 | — | 2008 | 2 methods | |
| 6 | 4 | — | —stated, not verified | — | 4.01 | ECN/raw | 2007 | 3 methods · local | |
| 7 | — | — | —stated, not verified | — | 3.92 | — | 2005 | 2 methods | |
| 8 | — | — | —stated, not verified | 24 | 3.9 | — | 1986 | 2 methods | |
| 9 | — | — | —stated, not verified | — | 3.7 | — | 1991 | 2 methods | |
| 10 | — | — | —stated, not verified | 48 | 3.68 | — | 2022 | 2 methods | |
| 11 | — | — | —stated, not verified | — | 3.51 | — | 2006 | 2 methods | |
| 12 | — | — | —stated, not verified | 24 | 3.39 | — | 2016 | 2 methods | |
| 13 | — | — | 100IN | 120 | — | — | 2011 | 2 methods · local | |
| 14 | — | 0 group | —stated, not verified | — | — | — | 2019 | 2 methods | |
| 15 | — | — | —stated, not verified | — | — | — | 2010 | 2 methods | |
| 16 | — | — | —stated, not verified | — | — | — | 2020 | 2 methods | |
| 17 | — | — | —stated, not verified | — | — | — | 1987 | 2 methods | |
| 18 | — | — | —stated, not verified | — | — | — | 1994 | 2 methods | |
| 19 | — | — | —stated, not verified | — | — | — | 2018 | 2 methods | |
| 20 | — | — | —stated, not verified | — | — | — | 1944 | 2 methods | |
| 21 | — | — | —stated, not verified | — | — | — | 1944 | 2 methods | |
| 22 | — | — | —stated, not verified | — | — | — | 1994 | 2 methods |
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Axis Direct publishes a retail leverage of 1:100 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.
Identical for every row, so it is stated once: Who onboards Local · SEBI · Swap-free fee none, no limit · INR account Yes.
1. Interactive Brokers — highest score of the three · locally licensed (score 4.14)
- Round turn
- 5 USD
- Withdrawal
- about 2 business days
- INR account
- INR for domestic account.
- Licence
- SEBI INZ000217730
- Accepts residents
- yes
- Onboarding entity
- Private Limited
- Founded
- 1977
- Register
- https://interactivebrokers.co.in · 09.07.2026
- Group leverage
- uncleargroup
- Instruments
- NSE/BSE stocks (demat), F&O; overseas markets via separate overseas account (LRS).
- Platforms
- Funding
- Not served
- Reviews25%50
- Round-turn cost20%100
- Safety
- Payouts15%60
- Track record10%
- Platforms0
Round turn 5 USD against the slice median 7 USD. strongest axis round-turn cost 100 of 100. total score 4.14.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. Finvasia — cheapest priced of the three · locally licensed (score 4.01)
- Round turn
- 4 USD
- INR account
- INR only.
- Licence
- SEBI INZ000176037
- Accepts residents
- yes
- Onboarding entity
- of Finvasia Securities Pvt Ltd
- Founded
- 2007
- Register
- https://shoonya.com · 09.07.2026
- Group leverage
- unclear
- Instruments
- Equities (delivery/intraday), F&O, currency, commodities (MCX/NCDEX), mutual funds/SIP, bonds, ETFs — real exchange-traded, not CFDs.
- Platforms
- Funding
- Not served
Round turn 4 USD against the slice median 7 USD. strongest axis round-turn cost 100 of 100. total score 4.01.
Watch forMin deposit 200 USD, double the India median of 50; withdrawal time not published.
What the data shows(22 of 90 distributions · 73 brokers)
Swap-free availability (22 of 90 brokers)
Admin fee after the free period (22 of 90 swap-free)
Who onboards Indian residents (22 of 90 brokers)
INR account (22 of 90 brokers)
Licensed in India, or not (88 of 90)
Who grants the leverage figure (61 of 90)
Full list(22 of 90)
- 1JM Financial4.38
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- Round turn, USD
- 7
- INR
- Yes
- 2Ventura Securities4.31
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 3IIFL Securities4.25
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 4Interactive Brokers4.14
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0 group
- INR
- Yes
- 5Nuvama4.12
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 6Finvasia4.01
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- Round turn, USD
- 4
- INR
- Yes
- 7Reliance Securities3.92
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 8Nirmal Bang3.9
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 9Anand Rathi Share & Stock Brokers3.7
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 10mStock (Mirae Asset)3.68
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 11Alice Blue3.51
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
- 125paisa3.39
- Onboards
- Local · SEBI
- Swap-free
- none, no limit
- INR
- Yes
How to read this ranking
- Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
- Check which company would onboard you.
The same brand can take a resident of India through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
- Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 15.0 USD; a low deposit beside a wide spread takes the difference back on every trade.
Neighbouring slices(6 rankings · 6 explainers)
FAQ
- How many brokers qualify for this ranking in India?
- 22 of 90 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- Interactive Brokers leads it with a score of 4.14. The order is computed score, highest first; unscored brokers follow.
- What does a trade typically cost here?
- The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
- Why do some rows show a dash instead of a figure?
- Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
How this slice is scored
Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology
Verified · What changed · Sources(22 of 90 broker records)
Risk warning and affiliate disclosure
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.