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IG Markets in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%45
- Round-turn cost20%57
- Safety20%0
- Payouts15%no data
- Track record10%100
- Platforms10%55
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with IG MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- IG International Ltd
- Local standing
- No local regulation; offshore only. OTC margin FX to Indian residents is legally grey under FEMA/SEBI.
- Licence as the register states it
- No SEBI/RBI licence; Bermuda BMA Class F.
- Leverage for this entity
- Up to ~1:200 under IG International (Bermuda).
- The firm behind it
- IG Group, LSE-listed (FTSE 250), founded 1974.
- What we hold against it
- Globally reputable, but Indian access is via offshore entity and FEMA/SEBI-restricted for retail OTC FX.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNo local regulation; offshore only. OTC margin FX to Indian residents is legally grey under FEMA/SEBI.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: CFD, retail. Min bank transfer ~$0, card ~$300. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where IG Markets sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 13.6 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 0 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:200 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (4 methods · 1 local)
Cards, bank transfer, PayPal;
- Cards
- Bank transfer
- PayPal
- UPI rails verifiedlocal
- Account currency
- USD (no INR).
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(6 platforms)
- IG web/app
- ProRealTime
- L2 Dealer
- MT4
- TradingView
| Class | Count | Min spread |
|---|---|---|
| IG web/app | — | 0.6 |
| ProRealTime | — | 0.6 |
| L2 Dealer | — | 0.6 |
| MT4 | — | 0.6 |
| TradingView | — | 0.6 |
| All instruments | 17000 | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 200 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.9 | 8,324 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(3 for and 5 against, each tied to a figure on this page)
- Min deposit 0 USD, under the India median 15
- Track record 100 of 100, its strongest of 6 scored axes
- 5 platforms: IG web/app, ProRealTime, L2 Dealer, MT4
- Round turn 13.6 USD on the raw + commission basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Withdrawal in 120 h, over the India median 48
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 200IN
- Rank in this country
- #19
- Round turn, USD
- 7IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #24
- Round turn, USD
- 11IN
- Min deposit, USD
- 50IN
- Leverage
- 1000IN
- Rank in this country
- #54
- Round turn, USD
- 14IN
- Min deposit, USD
- 5 groupIN
- Leverage
- 5000IN
- Rank in this country
- #51
- Round turn, USD
- 4.5IN
- Min deposit, USD
- 0IN
- Leverage
- 500IN
- Rank in this country
- #3
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | IG Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 45 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 57 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 55 |
FAQ
- Does IG Markets accept residents of India?
- No. No local regulation; offshore only. OTC margin FX to Indian residents is legally grey under FEMA/SEBI. Onboarding entity: IG International Ltd
- Is IG Markets licensed to serve clients in India?
- No SEBI/RBI licence; Bermuda BMA Class F. Checked on 09.07.2026.
- How much does one round turn cost at IG Markets?
- About 13.6 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does IG Markets offer to retail clients in India?
- Up to 1:200. Up to ~1:200 under IG International (Bermuda).
- Which trading platforms does IG Markets support?
- IG web/app, ProRealTime, L2 Dealer, MT4, TradingView. Instruments: 19,000+ global markets: FX, indices, shares, commodities.
- How can I withdraw money from IG Markets in India?
- Cards, bank transfer, PayPal; no local INR/UPI rails verified.
- What account types does IG Markets offer?
- CFD; retail. Min bank transfer ~$0, card ~$300.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.