91 brokers measured52 pricedmedian 6.0 USDformula v1.0Data captured 03.10.2026
Swap-free brokers in India
Key facts (6 · 52 of 91)
In this ranking
52 of 91
Ranked on all axes
25 of 52
Round turn, USD · Median
6.0 USD
Min deposit, USD · Median
30.0 USD
Max leverage
500.0geo
Withdrawal, h · Median
48.0 h
Top picks (3 / 25 of 52)
Full list (52)
Sorted by computed score, highest first. Unscored brokers follow.
Showing 52 of 91 brokers that onboard India residents.
| Broker | Score | Round turn, USD | Min deposit, USD | Max leverage | Withdrawal, h | Onboarding entity |
|---|---|---|---|---|---|---|
| Fusion Markets | 4.1 | 4.5 | no data | 500.0geo | 1.0 | Indian retail clients are onboarded unde |
| LiteFinance | no data | 5.0 | no data | 1000.0geo | 24.0 | LiteFinance Global LLC |
| Weltrade | no data | 3.1 | no data | 2000.0geo | 0.5 | Weltrade Ltd |
| FP Markets | no data | 6.0 | no data | 500.0geo | 0.0 | FP Markets LLC |
| OctaFX | 3.95 | 6.0 | no data | 1000.0geo | 3.0 | IN clients served via offshore entity; l |
| JustMarkets | 3.94 | 6.0 | 10.0geo | 3000.0geo | 48.0 | Just Global Markets Ltd |
| BlackBull Markets | 3.93 | 6.0 | no data | 500.0geo | no data | BBG Limited |
| AMarkets | 3.92 | 11.0 | no data | 3000.0geo | no data | AMarkets Ltd |
| FxPro | 3.91 | 9.0 | 100.0geo | 200.0geo | 24.0 | FxPro Markets Ltd |
| XM | no data | 3.5 | 5.0geo | 1000.0geo | 24.0 | XM Global Limited |
| ActivTrades | no data | 5.0 | 0.0geo | 200.0geo | 24.0 | Indian clients, where accepted, onboarde |
| FBS | 3.88 | 7.0 | no data | 3000.0geo | 24.0 | FBS Markets Inc |
| FXOpen | no data | 3.0 | no data | 500.0geo | 24.0 | FXOpen Markets Ltd |
| Blueberry Markets | 3.82 | 7.0 | no data | 500.0geo | 24.0 | Would be served via offshore Mauritius/V |
| BDSwiss | 3.8 | 10.0 | no data | 2000.0geo | 24.0 | Indian clients are onboarded under the o |
| NordFX | 3.8 | 7.0 | no data | 1000.0geo | no data | Offshore NordFX LTD (Saint Lucia, reg 20 |
| FXChoice | no data | 7.0 | 100.0geo | 200.0geo | 24.0 | FX Choice Ltd |
| Pepperstone | 3.79 | 7.0 | no data | 200.0geo | 48.0 | Pepperstone Markets Ltd |
| FreshForex | 3.77 | 6.0 | 10.0geo | 2000.0geo | no data | Riston Capital Ltd |
| Moneta Markets | no data | 3.0 | 50.0geo | 1000.0geo | 24.0 | Moneta Markets Ltd |
| MultiBank Group | no data | 3.0 | 50.0geo | 500.0geo | no data | Indian clients served via offshore entit |
| ThinkMarkets | no data | 7.0 | no data | 500.0geo | 24.0 | TF Global Markets Int Ltd |
| AvaTrade | 3.69 | 9.0 | no data | 400.0geo | 48.0 | Ava Trade Markets Ltd |
| Eightcap | 3.67 | 7.0 | no data | 500.0geo | 48.0 | Eightcap Global Limited |
| TMGM | 3.67 | 7.0 | no data | 1000.0geo | 24.0 | Trademax Global Ltd |
| Axi | no data | 6.0 | no data | 500.0geo | no data | Onboarded to offshore AxiTrader LLC / Ax |
| Grand Capital | 3.67 | 9.0 | 10.0geo | 500.0geo | no data | Grand Capital Ltd |
| Swissquote | 3.65 | 17.0 | 1000.0geo | 100.0geo | 24.0 | Swissquote Bank Ltd |
| XChief | 3.6 | 5.5 | 10.0geo | 1000.0geo | 120.0 | Onboards Indian clients via offshore xCh |
| VT Markets | 3.56 | 6.0 | no data | 500.0geo | 72.0 | Served via offshore VT Markets LLC (SVG) |
| ForexMart | 3.54 | 6.0 | no data | 500.0geo | no data | Offshore Tradomart SV Ltd |
| Trade Nation | 3.53 | 6.0 | no data | 200.0geo | 120.0 | Trade Nation Ltd |
| CAPEX | no data | 6.5 | no data | no data | 24.0 | KW Investments Ltd |
| HYCM | no data | 5.0 | no data | 500.0geo | 168.0 | HYCM Ltd |
| RoboForex | 3.4 | 4.0 | no data | 2000.0geo | 48.0 | RoboForex Ltd |
| Vantage | no data | 6.0 | 50.0geo | 500.0geo | 72.0 | Indian retail clients are onboarded by t |
| Equiti | 3.27 | 7.0 | no data | no data | 120.0 | No Indian entity; not SEBI-registered. A |
| CMTrading | 3.23 | 15.0 | no data | 200.0geo | 48.0 | No India entity stated |
| FXCM | no data | 8.0 | 50.0geo | 1000.0geo | 120.0 | Stratos Global LLC |
| IFC Markets | no data | 18.0 | no data | 400.0geo | no data | IFCMARKETS CORP. (BVI); India-localized |
| ADSS | no data | 14.0 | no data | no data | no data | ADS Securities LLC |
| Headway | no data | not priced | no data | no data | no data | Marketed/served offshore under Jarocel ( |
| Exinity | 3.02 | 4.0 | no data | 2000.0geo | 72.0 | Exinity Limited |
| Fortrade | no data | not priced | no data | no data | 48.0 | Served internationally via Fortrade (Mau |
| InstaForex | no data | not priced | no data | 1000.0geo | 144.0 | Instant Trading Ltd |
| IronFX | no data | not priced | no data | no data | 120.0 | Served offshore (Notesco Bermuda / CySEC |
| FXGT | no data | not priced | no data | 5000.0geo | no data | GT Global Ltd |
| Plus500 | no data | not priced | no data | no data | 72.0 | Not applicable - Plus500 does not accept |
| HFM | no data | not priced | no data | 2000.0geo | no data | HF Markets (SV) Ltd |
| Dukascopy | no data | not priced | no data | 200.0geo | no data | Served by Dukascopy Bank SA (Switzerland |
| FIBO Group | no data | not priced | no data | 1000.0geo | no data | Indian clients onboarded by offshore FIB |
| FXGT.com | no data | not priced | no data | 1000.0geo | 168.0 | Offshore GT Global Ltd |
The shape of the India market
Round-turn cost, USD (52 of 91)
Median 6.0 · Range 2.0–18.0 USD
Minimum deposit, USD (14 of 91)
Median 30.0 · Range 0.0–1000.0 USD
Retail leverage (49 of 91)
Median 500.0 · Range 20.0–5000.0 1:x
Withdrawal time, hours (53 of 91)
Median 48.0 · Range 0.0–240.0 h
How to choose (5)
- Check the entity in the last column: India residents are onboarded by a local entity at some of these brokers and by an offshore one at others.
- Compare the round turn against the median of 6.0 USD, measured on 52 of 91 brokers rather than on the whole base.
- Treat a blank as a blank: 27 of 52 brokers here are missing at least one axis and are listed without a score.
- Read the leverage column with its marker: a figure the country's regulator did not set belongs to the broker's group, not to this country.
- Open the licence number on the broker page and check it in the register before funding.
Related rankings (6)
Methodology
2 + 3 × weighted mean of six axes. A broker enters this ranking only with a review rating and a round-turn price; others are listed with their score withheld.
FAQ (4)
How many brokers are in this ranking?
52 of 91 of the 91 brokers in our India base, and 25 of 52 of them are measured on all six axes.
How is the order decided?
By the computed score: 2 + 3 × the weighted mean of six axes. A broker without a review rating or without a round-turn price is listed but not ranked.
Which broker leads swap-free brokers in india?
Fusion Markets with 4.1 of 5 and a round turn of 4.5 USD.
What does trading cost in India on average?
The median round turn on one EURUSD lot is 6.0 USD, measured on 52 of 91 brokers.