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Interactive Brokers in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%100
- Safety20%no data
- Payouts15%60
- Track record10%no data
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- Private Limited
- Founded
- 1977
- Round turn
- 5 USDIN
- Currencies
- INR for domestic account.
- Swap-free account
- no
"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.
Licence check
Open an account with Interactive BrokersThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Private Limited
- Local standing
- Fully domestically regulated (SEBI/NSE/BSE). Indian residents & NRIs served locally.
- Licence as the register states it
- SEBI Reg. INZ000217730; NSE & BSE member; NSDL depository IN-DP-NSDL-301-2008.
- Leverage for this entity
- SEBI-regulated margins (intraday/derivative margins per exchange); no offshore FX/CFD leverage. DMA only.
- The firm behind it
- Founded 1978; NASDAQ-listed; IB India is SEBI-registered member.
- What we hold against it
- Legitimate SEBI-registered broker; paper-based onboarding historically noted as cumbersome.
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.
SEBI-regulated margins (intraday/derivative margins per exchange); no offshore FX/CFD leverage. DMA only.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFully domestically regulated (SEBI/NSE/BSE). Indian residents & NRIs served locally.
- 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: NSE/BSE trading + demat account, age 21+, USD 100 (INR equiv) for market-data subscription. 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 Interactive Brokers sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 5 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 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| Indian bank transfer | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 0 local rails)
Indian bank transfer (NEFT/RTGS);
- Indian bank transfer
- Account currency
- INR for domestic account.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(6 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- TWS
- IBKR mobile
- GlobalTrader
- API
| Class | Count | Min spread |
|---|---|---|
| TWS | — | 0.1 |
| IBKR mobile | — | 0.1 |
| GlobalTrader | — | 0.1 |
| API | — | 0.1 |
| Forex pairs | 100+ | — |
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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(5 for and 1 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the India median 7
- Locally authorised, licence INZ000217730, read on 09.07.2026
- Min deposit 0 USD, under the India median 15
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 4 platforms: TWS, IBKR mobile, GlobalTrader, API
- Platforms 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 4.5IN
- Min deposit, USD
- 0IN
- Leverage
- 500IN
- Rank in this country
- #3
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
- Round turn, USD
- 4IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #48
- Round turn, USD
- 6IN
- Min deposit, USD
- 10IN
- Leverage
- 3000IN
- Rank in this country
- #11
- Round turn, USD
- 14IN
- Min deposit, USD
- 5 groupIN
- Leverage
- 5000IN
- Rank in this country
- #51
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 | Interactive Brokers |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| 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 | 0 |
FAQ
- Does Interactive Brokers accept residents of India?
- Yes. Fully domestically regulated (SEBI/NSE/BSE). Indian residents & NRIs served locally. Onboarding entity: Private Limited
- Is Interactive Brokers licensed to serve clients in India?
- SEBI Reg. INZ000217730; NSE & BSE member; NSDL depository IN-DP-NSDL-301-2008. Checked on 09.07.2026.
- How much does one round turn cost at Interactive Brokers?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- Which trading platforms does Interactive Brokers support?
- TWS, IBKR mobile, GlobalTrader, API. Instruments: NSE/BSE stocks (demat), F&O; overseas markets via separate overseas account (LRS).
- How can I withdraw money from Interactive Brokers in India?
- Indian bank transfer (NEFT/RTGS); PAN mandatory.
- What account types does Interactive Brokers offer?
- NSE/BSE trading + demat account; age 21+; USD 100 (INR equiv) for market-data subscription.
- Does Interactive Brokers offer a swap-free (Islamic) account?
- No. Interactive Brokers publishes no swap-free (Islamic) account for India.
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.