Intro and winners
- Capital.com is the best CFD broker in India in 2023. - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- Spreadex - Low forex fees. Good web platform. Helpful customer service.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
- AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.
Best CFD brokers
Comparison of the 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.
| Broker | Negative balance protection for any product | Minimum deposit |
|---|---|---|
| Capital.com | $20 $20 minimum deposit for credit/debit cards and Apple Pay, and $250 minimum required for bank transfer | |
| Admirals (Admiral Markets) | $100 100 EUR/GBP/USD/CHF or 200 BGN or 1000 CZK or 750 HRK or 25000 HUF or 250 PLN/RON | |
| Spreadex | $0 No minimum deposit for bank transfer, but 10 minimum deposit for credit/debit card | |
| ActivTrades | $0 There is no minimum deposit | |
| CMC Markets | $0 No minimum deposit | |
| MultiBank | $200 $200 for Standard accounts, $1,000 for MultiBank Pro accounts, and $10,000 for ECN Pro accounts | |
| XM | $5 $5 minimum deposit for standard account, $100 for Zero account | |
| AvaTrade | $100 $100 minimum deposit for credit/debit cards, bank transfer and electronic wallets | |
| FxPro | $100 $100 minimum deposit | |
| HYCM | $100 $100 minimum deposit for Classic and Fixed accounts, $200 minimum deposit for Raw accounts |
Popularity of the best CFD brokers in India
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
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.
| Broker | S&P 500 index CFD fee | Euro Stoxx 50 index CFD fee |
|---|---|---|
| Capital.com | $2.5 | $4.3 |
| Admirals (Admiral Markets) | $2.2 | $1.8 |
| Spreadex | $3.1 | $2.4 |
| ActivTrades | $2.4 | $1.8 |
| CMC Markets | $2.9 | $2.6 |
| MultiBank | $1.5 | $1.2 |
| XM | $2.5 | $3.1 |
| AvaTrade | $2.6 | $2.0 |
| FxPro | $2.9 | $2.6 |
| HYCM | $1.7 | $1.8 |
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.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Capital.com | No account fee | No inactivity fee |
| Admirals (Admiral Markets) | No account fee. | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero |
| Spreadex | No account fee | No inactivity fee |
| ActivTrades | No account fee | If the account is not used for over 1 year and there is a remaining balance, a fee of £10 per month will be charged |
| CMC Markets | No account fee | £10 monthly fee after 12 months of inactivity |
| MultiBank | No account fee | 60 USD/month after 3 consecutive months of inactivity |
| XM | No account fee | $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive |
| AvaTrade | No account fee | $50 per quarter after 3 months of inactivity; after 12 straight months of non-use, a further annual administration fee of $100 is charged |
| FxPro | No account fee | $15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity |
| HYCM | No account fee | $10 each month after 90 days of inactivity |
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.
| Broker | Stock index CFD | Stock CFD |
|---|---|---|
| Capital.com | ||
| Admirals (Admiral Markets) | ||
| Spreadex | ||
| ActivTrades | ||
| CMC Markets | ||
| MultiBank | ||
| XM | ||
| AvaTrade | ||
| FxPro | ||
| HYCM |
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, Capital.com.
#1 Best CFD broker
Capital.com
Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Capital.com snapshot | |
|---|---|
| Minimum deposit | $20 |
| Mobile app score | 4.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Apple Pay, PayPal |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of Capital.com services, check out our review for 2023 |
#2 Best CFD broker
Admirals (Admiral Markets)
Admirals (Admiral Markets) is a Global forex and CFD broker founded in 2001. It is overseen by multiple regulators in the various regions it serves. These regulators are the UK's 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). Of these, the FCA and the ASIC are top-tier financial authorities.
Admirals is considered safe because it has a long track record, discloses its financials, and its parent company, the Admirals Group is listed on a stock exchange.
Admirals was formerly called Admiral Markets, but it is currently going trough a rebranding process. This should be of no concern to clients, as this doesn't affect the broker's services in any negative way.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 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 |
#3 Best CFD broker
Spreadex
Spreadex is a global CFD and forex broker founded in 1999. It is regulated by the top-tier UK Financial Conduct Authority (FCA). The company also operates a separate sports betting service.
Spreadex is considered safe because it has a long track record and is regulated by a top-tier financial authority.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 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 |
#4 Best CFD broker
ActivTrades
ActivTrades is a global forex broker founded in 2001. It is regulated among others by the UK's Financial Conduct Authority (FCA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg.
ActivTrades having a long track record and being regulated by the FCA, a top-tier financial authority, are all good signs for its safety.
ActivTrades operates both UK and EU websites (under the co.uk and .eu domains), as well as an international one (.com). Some products, fees and conditions may differ depending on the entity concerned.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| ActivTrades snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of ActivTrades services, check out our review for 2023 |
#5 Best CFD broker
CMC Markets
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 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 |
#6 Best CFD broker
MultiBank
MultiBank is a global CFD and FX broker. MultiBank Group was established in California, USA, in 2005 with headquarters in Hong Kong. They are a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission (ASIC) and other financial authorities. In this review, we will use MultiBank as a name for the brokerage service.
MultiBank is considered safe because it is regulated by the top-tier ASIC and has a reasonably long history, dating back to 2005.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.
| MultiBank snapshot | |
|---|---|
| Minimum deposit | $200 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of MultiBank services, check out our review for 2023 |
#7 Best CFD broker
XM
XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission of Belize (FSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| XM snapshot | |
|---|---|
| Minimum deposit | $5 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under IFSC) |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of XM services, check out our review for 2023 |
#8 Best CFD broker
AvaTrade
AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several top-tier financial authorities, including the Central Bank of Ireland.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| AvaTrade snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.7 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, Klarna, Webmoney, POLi, Boleto, Perfect Money |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of AvaTrade services, check out our review for 2023 |
#9 Best CFD broker
FxPro
FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).
FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| FxPro snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of FxPro services, check out our review for 2023 |
#10 Best CFD broker
HYCM
HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company is Capital Markets. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| HYCM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, WebMoney |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of HYCM services, check out our review for 2023 |
Best CFD brokers
Didn't find the best broker for you?
Answer a few questions and get a personalized broker list!
Your broker toplist will be selected based on your answers.
Best CFD brokers
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.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
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
FAQ
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.
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 in India?
Yes, CFD trading can be profitable in India and investors may make handsome profits 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.
Comments