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Best CFD brokers in India in 2023

Admirals (Admiral Markets) Logo
1st place
Admirals (Admiral Markets)
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81% of retail CFD accounts lose money
IG Logo
2nd place
IG
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79% of retail CFD accounts lose money
Spreadex Logo
3rd place
Spreadex
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64% of retail CFD accounts lose money

How did BrokerChooser select the best CFD brokers in India?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Specifically compared CFD fees,
  • Checked minimum deposit requirements,
  • Looked at the range of CFDs available,
  • Opened an account and tested the platform (charting, features, usability) with real money.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology. Let's jump straight to the results.

Top 5 CFD brokers in India in 2023:

  1. Admirals (Admiral Markets) is the best CFD broker in India in 2023. - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  2. IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
  3. Spreadex - Low forex fees. Good web platform. Helpful customer service.
  4. ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
  5. CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.

BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.

Best CFD brokers
Comparison of top CFD brokers and trading platforms in India in 2023

While many online CFD brokers and trading platforms catering to investors in India offer an excellent service, the ones in our toplist go the extra mile.

Best CFD brokers in India key data compiled for December 2022
Broker Negative balance protection Minimum deposit Account activated in Credit/debit card deposit Leverage can be set manually
Admirals (Admiral Markets) Yes $100 1 day Yes Yes
IG Yes $0 1-3 days Yes No
Spreadex Yes $0 1-3 days Yes No
ActivTrades Yes $500 1 day Yes Yes
CMC Markets Yes $0 1-3 days Yes No

Best CFD brokers
Fee comparison of the best CFD brokers in India

How much you have to pay for a trade in spreads, commission and other trading costs is a key broker selection criteria. WSee the most important CFD costs in the table below for some popular asset types.

Fees at the top CFD brokers in India in December 2022
Admirals (Admiral Markets) IG Spreadex ActivTrades CMC Markets
S&P 500 index CFD fee $2.3 $2.6 $3.0 $2.4 $2.9
Europe 50 index CFD fee $1.6 $2.3 $1.6 $1.4 $2.6
Apple CFD fee $4.6 $32.7 $8.9 $4.5 $22.9
Vodafone CFD fee $12.1 $25.2 $6.7 $6.7 $23.4
EURUSD spread 0.1 0.6 0.6 0.5 0.7
GBPUSD spread 0.5 1.5 0.9 0.8 0.9

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Best CFD brokers
Non-trading fees at the best CFD brokers in India

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Admirals (Admiral Markets) IG Spreadex ActivTrades CMC Markets
Account fee No No No No No
Inactivity fee Yes Yes No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0
Deposit fee $0 $0 $0 $0 $0
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Best CFD brokers
Product selection at the best CFD brokers in India

Check out what types of CFDs you can trade at the best CFD brokers and CFD trading platforms.

Available products at the top CFD brokers in India
Admirals (Admiral Markets) IG Spreadex ActivTrades CMC Markets
Stock index CFD Yes Yes Yes Yes Yes
Stock CFD Yes Yes Yes Yes Yes
Commodity CFD Yes Yes Yes Yes Yes
Bond CFD Yes Yes Yes Yes Yes
Crypto Yes No No Yes Yes

Best CFD brokers
What is CFD trading?

CFDs, short for Contracts for Difference, are derivative products used to speculate on the price movements of a wide range of underlying assets. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.

When trading CFDs, you speculate on whether the price of a financial asset (i.e. stock, bond, commodity, etc.) will go up or down, without actually buying the asset itself. Instead of buying a Vodafone stock, at a CFD broker you will bet on the direction you think the Vodafone stock will go. If your bet is right, you will make profit on your CFD trade.

CFDs are leveraged products meaning that you trade with your own money and the money you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.

CFD trading is illegal in the U.S. However, if you open an account at a European or Australian broker, you will be able to trade CFDs on U.S. assets.

To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.

Best CFD brokers
CFD trading in India

Trading CFDs is not illegal in India but this market segment is entirely unregulated. To date, neither the Securities and Exchange Board of India (SEBI) - the country’s financial markets regulator - nor the Reserve Bank of India (RBI) - the central bank - have put in place regulations pertaining to CFDs. As such, there are no India-regulated brokers for trading CFDs.

Indian residents can trade CFDs by opening an account with a foreign broker that offers these products. Nevertheless, it is strongly recommended that Indian investors choose brokers that are registered with a reputable regulator, such as the FCA in the UK or ASIC in Australia.

Unfortunately, the Indian market is awash with unregulated and often illegal platforms that make promises of high or exorbitant profits when trading CFDs. The general rule here is that if something sounds too good to be true, it most often is. Do not expect to become a millionaire overnight by trading CFDs. You may easily end up losing all your invested money if you trade CFDs with an unregulated or scam broker.

All the brokers featured in our top list are registered with at least one top-tier regulator.

And now, let's see the top CFD brokers in India one by one, starting with the winner, Admirals (Admiral Markets).

Admirals (Admiral Markets) Logo

#1 Best CFD broker
Admirals (Admiral Markets)

Admirals is regulated by multiple financial authorities: the UK Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Jordan Securities Commission (JSC). Indian clients trading with Admirals are entitled to negative balance protection.

Admirals (Admiral Markets) snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal fee $0
Read review For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023

Visit broker
81% of retail CFD accounts lose money

IG Logo

#2 Best CFD broker
IG

IG is regulated by several financial authorities globally, including top-tier regulators like the FCA in the United Kingdom. IG Group, the parent company of IG, is listed on the London Stock Exchange. Indian investors trading with IG are not entitled to investor protection or negative balance protection.

IG snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Read review For a detailed analysis of IG services, check out our review for 2023

Visit broker
79% of retail CFD accounts lose money

Spreadex Logo

#3 Best CFD broker
Spreadex

Indian investors trade with Spreadex Ltd., an entity regulated by the Financial Conduct Authority (FCA) of the UK. Indian clients are entitled to £85,000 in investor protection and negative balance protection.

Spreadex snapshot
Minimum deposit $0
Mobile app score 4.5 stars
Deposit methods Bank transfer, Credit/debit cards
Withdrawal fee $0
Read review For a detailed analysis of Spreadex services, check out our review for 2023

Visit broker
64% of retail CFD accounts lose money

ActivTrades Logo

#4 Best CFD broker
ActivTrades

ActivTrades is regulated by the UK's Financial Conduct Authority (FCA), the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg, and the Securities Commission of the Bahamas. Indian investors trade with ActivTrades Corp, an entity regulated by the Securities Commission of the Bahamas. Indian clients are entitled to negative balance protection.

ActivTrades snapshot
Minimum deposit $500
Mobile app score 3.9 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Sofort
Withdrawal fee $0
Read review For a detailed analysis of ActivTrades services, check out our review for 2023

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73-85% of retail CFD accounts lose money

CMC Markets Logo

#5 Best CFD broker
CMC Markets

CMC Markets is regulated by some of the most reputable authorities globally, including the Financial Conduct Authority (FCA) in the UK, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany and the Australian Securities and Investment Commission (ASIC).

CMC Markets snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Read review For a detailed analysis of CMC Markets services, check out our review for 2023

Visit broker
76% of retail CFD accounts lose money

Best CFD brokers
FAQ

Is CFD trading legal in India?

CFD trading is legal in India but this market segment is entirely unregulated. National authorities have so far not put in place any rules pertaining to CFD trading.

Indian investors can trade CFDs by opening an account with a broker based outside of India. It is strongly recommended that they pick a broker that is registedred with a reputable, top-tier regulator such as the FCA in the UK or ASIC in Australia. There is a high risk of falling prey to scam brokers and trading platforms in India.

Can CFD trading be profitable?

Yes, CFD trading can be profitable and investors may make handsome prfofits when trading these products. Nevertheless, CFDs are very risky instruments, especially because they are leveraged products. Leverage refers to the loan extended by the broker, which allows you to invest a much larger amount of money. Close to three quarter of retail trading accounts lose money when trading CFDs. CFDs are by no means a guarantee for getting rich overnight.

How much money do I need to start CFD trading in India?

Minimum deposit requirements vary from broker to broker. If you want to trade CFDs, you will need to open a margin account. Some brokers require as much as $2,000 to open a margin account and to trade CFDs. On the other hand, there are brokers that have no minimum deposit requirements for CFD trading.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit Admirals (Admiral Markets)
81% of retail CFD accounts lose money
Visit IG
79% of retail CFD accounts lose money
Visit Spreadex
64% of retail CFD accounts lose money
Visit ActivTrades
73-85% of retail CFD accounts lose money
Visit CMC Markets
76% of retail CFD accounts lose money

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