TopForexBrokersIN
Open FxPro Account → INDEPENDENT REVIEW · UPDATED JUNE 2026
Compare SEBI-regulated and offshore brokers — with honest information about what's actually legal under Indian law.
Ranked by our editorial team based on regulation, fees, Indian payment methods, and platform quality.
| # | Broker | Rating | Regulator | Min. Deposit | Indian Methods | India Status | |
|---|---|---|---|---|---|---|---|
| 🥇 | FX FxPro ⭐ Editor's Pick | ★★★★★ | FCA, CySEC | ₹8,350 | NEFT ✅ Cards ✅ Skrill ❌ UPI ❌ | ⚠ Offshore | Visit Broker → |
| 🥈 | ICM IC Markets | ★★★★½ | ASIC, CySEC | ₹16,700 | NEFT ✅ Cards ✅ Skrill ❌ UPI ❌ | ⚠ Offshore | Visit Broker → |
| 🥉 | AV AvaTrade | ★★★★☆ | ASIC, CySEC, FSCA | ₹8,350 | NEFT ✅ Cards ✅ Skrill ❌ UPI ❓ | ⚠ Offshore | Visit Broker → |
| 4 | Z Zerodha 🏛 SEBI Regulated | ★★★★★ | SEBI | No minimum | NEFT ✅ Cards ❌ Skrill ❌ UPI ✅ | ✅ SEBI Legal | Open Account → |
| 5 | XM XM Global | ★★★★☆ | CySEC, FSC | ₹4,175 | NEFT ✅ Cards ✅ Skrill ❌ UPI ❌ | ⚠ Offshore | Visit Broker → |
| 6 | U Upstox 🏛 SEBI Regulated | ★★★★½ | SEBI | No minimum | NEFT ✅ Cards ❌ Skrill ❌ UPI ✅ | ✅ SEBI Legal | Open Account → |
* CFD trading involves significant risk. 74–89% of retail investor accounts lose money when trading CFDs with leverage. Min. deposits converted at approx. ₹83.5/USD as of June 2026.
In-depth analysis of regulation, fees, platforms, and Indian payment support.
UPI is blocked for offshore brokers under RBI rules. Skrill stopped accepting new Indian registrations in November 2025. Use NEFT/RTGS or cards instead.
| Broker | NEFT | Cards | Skrill | Neteller | UPI |
|---|---|---|---|---|---|
| FxPro | ✅ | ✅ | ❌ | ❓ | ❌ |
| IC Markets | ✅ | ✅ | ❌ | ❓ | ❌ |
| AvaTrade | ✅ | ✅ | ❌ | ❓ | ❓ |
| Zerodha 🏛 | ✅ | ❌ | ❌ | ❌ | ✅ |
| XM Global | ✅ | ✅ | ❌ | ❓ | ❌ |
| Upstox 🏛 | ✅ | ❌ | ❌ | ❌ | ✅ |
❓ = unconfirmed — verify directly with broker before depositing
Our editorial process is fully independent — no broker pays for a higher ranking.
We open real accounts, test platforms, and verify deposit and withdrawal data directly — not from broker press releases.
We check SEBI, FCA, ASIC and CySEC databases directly — not just what brokers claim on their own websites.
We test Indian payment methods (UPI, NEFT), verify FEMA compliance, and check support quality for Indian customers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.