1st place
2nd place
3rd place
Intro and winners
How do we recommend the best international online brokers in India in 2023?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- We checked and compared every aspect of their services,
- 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.
Now let's jump straight to the results.
Top 5 picks for best international online brokers in India in 2023:
- Interactive Brokers is the best international online brokers in India in 2023. - Low trading fees. Wide range of products. Many great research tools.
- Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- TradeStation - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- tastyworks - Low trading fees. Great educational materials. Good research tools.
Best international online brokers in India in 2023
International online brokers' key info overview
While many international online trading brokers offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.
| Interactive Brokers | Saxo Bank | Alpaca Trading | TradeStation | tastyworks | |
|---|---|---|---|---|---|
| Broker intro | International broker providing all asset classes | Danish investment bank | US API broker | US stockbroker | US options and stockbroker |
| Overall score | 4.9 stars | 4.8 stars | 4.7 stars | 4.7 stars | 4.7 stars |
| Minimum deposit | $0 | $2,000 | $0 | $0 | $0 |
| Account opening score | 3.2 stars | 3.8 stars | 4.8 stars | 5.0 stars | 5.0 stars |
Best international online brokers in India in 2023
Trading fees
In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.
| Interactive Brokers | Saxo Bank | Alpaca Trading | TradeStation | tastyworks | |
|---|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $0.0 | $0.0 | $0.0 |
| UK stock | $3.4 | $9.0 | - | - | - |
| EURUSD benchmark fee | $14.7 | $14.6 | - | - | - |
| US stock index options | $6.5 | $30.0 | - | $6.0 | $7.5 |
| Mutual fund | $15.0 | $0.0 | - | $15.0 | - |
| S&P 500 index CFD fee | $3.3 | $3.1 | - | - | - |
All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.
Best international online brokers in India in 2023
Other fees at international online brokers
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.
| Interactive Brokers | Saxo Bank | Alpaca Trading | TradeStation | tastyworks | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | No | Yes | No | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
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 international online brokers in India in 2023
Our assessment of best international online brokers for residents in India in 2023
At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.
| Interactive Brokers | Saxo Bank | Alpaca Trading | TradeStation | tastyworks | |
|---|---|---|---|---|---|
| Overall score | 4.9 stars | 4.8 stars | 4.7 stars | 4.7 stars | 4.7 stars |
| Fees score | 4.5 stars | 3.0 stars | 4.8 stars | 4.2 stars | 4.2 stars |
| Mobile platform score | 3.5 stars | 5.0 stars | 4.2 stars | 4.8 stars | 4.2 stars |
| Deposit and withdrawal score | 3.0 stars | 4.8 stars | 1.8 stars | 2.2 stars | 1.9 stars |
| Account opening score | 3.2 stars | 3.8 stars | 4.8 stars | 5.0 stars | 5.0 stars |
If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.
And now, let's see the top international online brokers for 2023 for residents in India in detail one by one, starting with the winner, Interactive Brokers.
We work hard to help you find the best broker for you. BrokerChooser is free to use but we earn commission from some of our partners. This compensation does not affect our editorial independence - our reviews and recommendations are always unbiased, based on our professional methodology.
If you find our services helpful, please support our work by visiting the recommended brokers through the links and buttons in our tools and articles.
That helps us do what we love: provide independent and unbiased investment information to everyone. Thank you!
#1 Best international online broker in India in 2022
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1-3 days |
| Inactivity fee | No |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2023 |
#2 Best international online broker in India in 2022
Saxo Bank
Recommended for investors and traders looking for a great trading platform and solid research
| Saxo Bank snapshot | |
|---|---|
| Minimum deposit | $2,000 |
| Fees class | Average |
| Deposit method | Bank transfer, Credit/debit cards |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Saxo Bank services, check out our review for 2023 |
#3 Best international online broker in India in 2022
Alpaca Trading
Recommended for traders interested in algorithmic stock trading
| Alpaca Trading snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Alpaca Trading services, check out our review for 2023 |
#4 Best international online broker in India in 2022
TradeStation
Recommended for traders focusing on us markets and buy-and-hold investing
| TradeStation snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of TradeStation services, check out our review for 2023 |
#5 Best international online broker in India in 2022
tastyworks
Recommended for options and futures traders focusing on us markets
| tastyworks snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of tastyworks services, check out our review for 2023 |
Best international online brokers in India in 2023
What makes a good online broker
Now that you know the top 5, you probably want to know how we came up with this list. Let's go through a few points quickly.
Are these brokers reliable?
Absolutely. You can be sure none of them is a scam. They are all regulated by at least one top-tier regulator.
How did BrokerChooser pick the best online brokers?
At BrokerChooser, we test online brokers based on more than 500 criteria, with real accounts and real money. We don't want to overwhelm you, so we will list only the top 5 criteria.
| 1. Fees | Trading fees for a given stock trade can be 50 times higher at one online broker compared to another. The brokers listed here all have low fees. |
| 2. Deposit and withdrawal | At some online brokers, funding and withdrawing funds can take much longer and be much more expensive than at others. |
| 3. Trading platform | A user-friendly and well-equipped trading platform can significantly increase your trading comfort. |
| 4. Account opening | Some online brokers require a minimum deposit to start investing while others don't ask for a fix first-time deposit. Check these requirements before opening an account. |
| 5. Markets and products | Want to invest in Japanese stocks or trade Bitcoin? They are not be available at each broker. We selected brokers with a wide range of products so you can trade many asset types. |
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country, it will show only the brokers that are relevant to you. Want more details? Compare brokers with the help of this detailed comparison table.
