Intro and winners
Find below the strengths of the best CFD brokers available in India, updated for 2024:
- FP Markets is the best CFD broker in India in 2024. - Low forex fees. Easy and fast account opening and funding. Great education tools.
- Spreadex - Low forex fees. Good web platform. Helpful customer service.
- FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- Fusion Markets - Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
Comparison of the top CFD brokers and trading platforms in India in 2024
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 | Minimum deposit | Time to open account |
|---|---|---|
| FP Markets | $50 | 1 day |
| Spreadex | $0 | 1-3 days |
| FXTRADING.com | $50 | 1 day |
| FxPro | $100 | 1 day |
| Pepperstone | $0 | 1 day |
| CMC Markets | $0 | 1-3 days |
| ActivTrades | $0 | 1 day |
| MultiBank | $50 | 1 day |
| Fusion Markets | $0 | 1 day |
| TMGM | $100 | 1 day |
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.
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. Check the spreads in the table below. In case of stock CFD, we calculate the fees for a $2,000 trade held for 1 week.
| Broker | S&P 500 CFD spread | Apple CFD fee |
|---|---|---|
| FP Markets | 0.5 | $7.5 |
| Spreadex | 0.4 | $11.7 |
| FXTRADING.com | 0.3 | - |
| FxPro | 1.0 | $5.1 |
| Pepperstone | 0.4 | $4.5 |
| CMC Markets | 0.5 | $23.4 |
| ActivTrades | 1.5 | $5.1 |
| MultiBank | 0.3 | $3.3 |
| Fusion Markets | 0.3 | $3.2 |
| TMGM | 2.3 | - |
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
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 | Withdrawal fee | Inactivity fee |
|---|---|---|
| FP Markets | $0 | |
| Spreadex | $0 | |
| FXTRADING.com | $0 | |
| FxPro | $0 | |
| Pepperstone | $0 | |
| CMC Markets | $0 | |
| ActivTrades | $0 | |
| MultiBank | $0 | |
| Fusion Markets | $0 | |
| TMGM | $0 |
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 |
|---|---|---|
| FP Markets | ||
| Spreadex | ||
| FXTRADING.com | ||
| FxPro | ||
| Pepperstone | ||
| CMC Markets | ||
| ActivTrades | ||
| MultiBank | ||
| Fusion Markets | ||
| TMGM |
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, FP Markets.
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72.5% of retail CFD accounts lose money
| FP Markets snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Asia Banks, Sticpay, fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, Crypto (finrax), mybux, ypay, Apple Pay, Google Pay, B2Binpay |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of FP Markets services, check out our review for 2024 |
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64% of retail CFD accounts lose 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 2024 |
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74-89% of retail CFD accounts lose money
| FXTRADING.com snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of FXTRADING.com services, check out our review for 2024 |
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74% of retail CFD accounts lose 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 2024 |
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75.2% of retail CFD accounts lose money
| Pepperstone snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of Pepperstone services, check out our review for 2024 |
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71% of retail CFD accounts lose money
| CMC Markets snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 5.0 stars |
| Deposit methods | Bank transfer, Credit/debit cards |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of CMC Markets services, check out our review for 2024 |
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66-83% of retail CFD accounts lose money
| ActivTrades snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 4.9 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 2024 |
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74-89% of retail CFD accounts lose money
| MultiBank snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Swift, pagsmile, my Fatoorah, Plus wallets, Thai QR payment, PayTrust, Pay Retailers, korapay, PaymentAsia, Boletol, pix, SPE, Praxis, GCash, dragonpay, Gobe pay |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of MultiBank services, check out our review for 2024 |
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74-89% of retail CFD accounts lose money
| Fusion Markets snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of Fusion Markets services, check out our review for 2024 |
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80.26% of retail CFD accounts lose money
| TMGM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of TMGM services, check out our review for 2024 |
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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,
- 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
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 600 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 60,000 data points overall.
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.
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.
