Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Best swap-free brokers in IN

Key facts (52 of 91 counts · 44 brokers onboarding Indian residents)

52 of 9191

offer a swap-free account

68% of brokers onboarding Indian residents

25 of 5252

offer a swap-free account

68% of brokers onboarding Indian residents

52 of 9191

offer a swap-free account

68% of brokers onboarding Indian residents

49 of 9191

offer a swap-free account

68% of brokers onboarding Indian residents

Top 3 (of 52 of 91 ranked)

All swap-free brokers for Indian residents (52 of 91 of 91)

OrderBy slice score, formula v1.0. Paid rows are marked PROMOTED and sit outside the order.

Shown12 of 44 brokers that onboard Indian residents · all 44

#	Broker	Who onboards	Swap-free fee	Round turn, USDIN	Min deposit, USDIN	Leverage	INR account	Withdrawal, hIN	Score

Brightline FX publishes only a group leverage of 1:1000. It is marked group and left out of the leverage ranking and median.

1. Nuvama — local SEBI entity, no swap fee(score 52 of 91)

Round turn: 4.5 USD
Min deposit: 30 USD
Withdrawal: 24 h
INR account: Yes
Leverage: 500IN
Licence: SEBI INZ000308433
Accepts residents: Yes
Onboarding entity: computed score, highest first; unscored brokers follow
Founded: 2017
Register: public register · 01.10.2026
Spread, raw: 0.1 pips
Spread, standard: 1.1 pips
Group leverage: 1:1000group
Instruments: 2,140
Reviews: 4.4 · 2,318 · 28.09.2026
Platforms: MT5cTraderWebTradingView
Funding: UPIBank transfer
Not served: United StatesCanadaJapan

Reviews25%reviews 85
Reviews20%cost 100
Reviews20%safety 10
Reviews15%payouts 99
Reviews10%track_record 35
Reviews10%platforms 85

Why it ranks here

Raw round turn 6.20 USD against a median of 9.20, with no admin fee and no time limit on the swap-free account.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of Nuvama

2. FP Markets — cheapest priced swap-free(score 52 of 91)

Round turn: 4.5 USD
Min deposit: 30 USD
Withdrawal: no data
INR account: Yes
Leverage: 500IN
Licence: SEBI 20210000044
Accepts residents: Yes
Onboarding entity: computed score, highest first; unscored brokers follow
Founded: 2012
Register: public register · 01.10.2026
Spread, raw: 0.0 pips
Spread, standard: 1.3 pips
Group leverage: no data
Instruments: 1,260
Reviews: 4.2 · 1,104 · 28.09.2026
Platforms: MT5MT4Web
Funding: Bank transfer
Not served: United StatesCanadaJapan

Why it ranks here

Lowest round turn of the 17 priced: 5.80 USD. Dropped its swap fee in 09.2026.

Watch for

Min deposit 200 USD, double the India median of 50; withdrawal time not published.

Full review of FP Markets

3. Tidemark Trading — lowest entry, offshore(score 52 of 91)

Round turn: 4.5 USD
Min deposit: 30 USD
Withdrawal: 12 h
INR account: No
Leverage: 500IN
Licence: FSC Mauritius
Accepts residents: Yes
Onboarding entity: computed score, highest first; unscored brokers follow
Founded: 2019
Register: public register · 01.10.2026
Spread, raw: 0.2 pips
Spread, standard: 1.6 pips
Group leverage: 1:2000group
Instruments: 980
Reviews: 3.9 · 846 · 28.09.2026
Platforms: MT5WebMobile
Funding: UPISkrill
Not served: United StatesCanadaJapan

Why it ranks here

Min deposit 10 USD and the fastest published withdrawal, 12 h.

Watch for

Onboards Indian residents through an offshore entity: no SEBI licence, no SEBI complaints route, no INR account.

Full review of Tidemark Trading

What the data shows(52 of 91 distributions · 44 brokers)

Swap-free availability (52 of 91 brokers)

Offered30Not offered14

Admin fee after the free period (52 of 91 swap-free)

Never16After 3–30 days9No data5

Who onboards Indian residents (52 of 91 brokers)

Local SEBI entity20Offshore entity24

INR account (52 of 91 brokers)

Yes16No23No data5

Swap-free round turn, USD (52 of 91 of 91 priced · median 9.20)

3<7

37–8.5

48.5–10

310–11.5

4≥11.5

Retail leverage in India (52 of 91 of 91 · 1 group excluded)

11≤1:30

71:50

51:51–200

61:201–400

10>1:400

Not in this ranking(52 of 91 of 91 in the India base)

Full list(52 of 91 of 91)

How to choose a swap-free broker(52 of 91 checks)

Neighbouring slices(52 of 91 in India · 4 countries)

Same country

Same slice, other countries

FAQ(52 of 91 questions)

How this slice is scored(52 of 91 axes · v1.0)

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(52 of 91 broker records)

Verified01.10.2026

data re-captured 28.09.2026

What changed

Sources · precision

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.