Gold (XAU/USD) brokers in India

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (36 of 90 counts · 73 brokers onboarding Indian residents)

36of 90

qualify for this ranking

40% of 90

30of 36

scored on all six axes

83% of 36

65of 90

publish a price

72% of 90

49of 90

publish a leverage figure for this country

54% of 90

Top 3 (of 3 ranked)

1AMarkets3.95highest score of the three · unregulated locally; offshore only · withdrawal in 24 h 2HFM3.92cheapest priced of the three · unauthorised in india; appears on rbi al · withdrawal in 24 h 3FxPro3.91unregulated locally; rbi/sebi permit onl · withdrawal in 24 h

Gold (XAU/USD) brokers in India (36 of 90)

By slice score, formula v1.0. · 36 of 73 brokers in this ranking · all 36

#	Broker	Round turn, USDIN	Min deposit, USDIN	Leverage	Withdrawal, hIN	Score	Execution	Founded	Funding
1	AMarkets	11	100 group	3000IN	24	3.95	ECN/raw + standard	2007	5 methods · local
2	HFM	6	0 group	2000IN	24	3.92	ECN/raw + standard	2010	3 methods
3	FxPro	9	100	200IN	24	3.91	ECN/raw + standard	2006	3 methods · local
4	JustMarkets	6	10	3000IN	48	3.9	ECN/raw + standard	2012	3 methods
5	OctaFX	9	25 group	1000IN	3	3.9	ECN/raw + standard	2011	2 methods · local
6	ActivTrades	4.2	0	200IN	24	3.88	ECN/raw + standard	2001	4 methods
7	NordFX	7	10 group	1000IN	24	3.84	ECN/raw	2008	4 methods
8	BlackBull Markets	6	0 group	500IN	72	3.82	ECN/raw + standard	2014	5 methods
9	Blueberry Markets	7	100 group	500IN	24	3.82	ECN/raw + standard	2016	5 methods
10	FIBO Group	6	50 group	1000IN	48	3.8	ECN/raw + standard	1998	7 methods
11	Pepperstone	7	10 group	200IN	48	3.79	ECN/raw + standard	2010	5 methods
12	Hantec Markets	2	10 group	500IN	48	3.76	ECN/raw + standard	2009	—
13	Axi	7	0 group	500IN	24	3.75	ECN/raw + standard	2007	7 methods
14	Swissquote	16	1000	100IN	24	3.73	ECN/raw + standard	1996	1 methods
15	Vantage	6	50	500IN	72	3.7	ECN/raw + standard	2020	1 methods · local
16	Moneta Markets	3	50	1000IN	24	3.69	ECN/raw + standard	2019	5 methods · local
17	Eightcap	7	100 group	500IN	48	3.67	ECN/raw + standard	2009	4 methods · local
18	XM	3.5	5	1000IN	24	3.67	ECN/raw + standard	2009	3 methods · local
19	FBS	13	5 group	3000IN	24	3.66	Standard	1995	3 methods
20	Headway	3	1 group	—stated, not verified	0.5	3.63	ECN/raw + standard	2022	3 methods
21	TMGM	7	100 group	1000IN	24	3.62	ECN/raw + standard	2013	6 methods
22	Mitrade	6	20	200IN	72	3.61	Standard	2011	—
23	XChief	5.5	10	1000IN	120	3.55	ECN/raw + standard	2014	7 methods
24	ForexMart	6	1 group	500IN	48	3.53	ECN/raw + standard	2015	8 methods · local
25	Saxo Bank	9	0 group	—	24	3.49	Standard	1992	—
26	Trade Nation	6	0 group	200IN	120	3.44	Standard	2008	3 methods · local
27	RoboForex	4	10 group	2000IN	48	3.4	ECN/raw + standard	2009	5 methods · local
28	FXGT	14	5 group	5000IN	72	3.34	Standard	2019	4 methods
29	FXCM	11	50	1000IN	120	3.28	ECN/raw + standard	1999	2 methods
30	CMTrading	15	250 group	200IN	48	3.23	ECN/raw + standard	2012	2 methods
31	Equiti	7	0 group	2000 groupIN	120	3.22	ECN/raw + standard	2008	—
32	CMC Markets	—	0 group	20IN	120	3.01	ECN/raw + standard	1989	2 methods
33	ADSS	14	100 group	500 groupIN	120	2.86	ECN/raw + standard	2010	—
34	Fortrade	—	100 group	30 groupIN	48	2.84	—	2008	4 methods
35	IronFX	18	100 group	2000 groupIN	120	2.77	ECN/raw + standard	2010	3 methods
36	IFC Markets	—	1 group	400IN	1	—	ECN/raw + standard	2006	6 methods · local

Ten are shown; the button opens the rest.

"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.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

BlackBull Markets publishes a retail leverage of 1:500 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

Identical for every row, so it is stated once: Who onboards Local · SEBI · Swap-free fee none, no limit · INR account Yes.

1. AMarkets — highest score of the three · unregulated locally; offshore only · withdrawal in 24 h (score 3.95)

Round turn: 11 USD
Withdrawal: up to 24 hours
INR account: USD per official; INR base claimed by third-party reviews, not verified officially.
Leverage: 3000IN
Accepts residents: through an offshore entity
Onboarding entity: AMarkets Ltd
Founded: 2007
Register: https://amarkets.com · 09.07.2026
Group leverage: uncleargroup
Instruments: FX (50+ pairs), metals, indices, commodities, stocks, ETFs, crypto CFDs.
Platforms: MT5cTraderWebTradingView
Funding: Third-party reviews cite UPI, bank wire, cards, e-wallets, crypto; not verified on official site.
Not served: United States of America, United Kingdom, Russia, New Zealand, Canada, Australia, France, Germany, Italy, Spain

Reviews25%90
Round-turn cost20%70
Safety10
Payouts15%80
Track record10%95
Platforms50

Why it ranks here

Round turn 11 USD against the slice median 7 USD. strongest axis track record 95 of 100. total score 3.95.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of AMarkets

2. HFM — cheapest priced of the three · unauthorised in india; appears on rbi al · withdrawal in 24 h (score 3.92)

Round turn: 6 USD
Withdrawal: same business day if submitted before 10:00am server time; following business day if submitted after 10:00am server time
INR account: No INR; USD.
Leverage: 2000IN
Accepts residents: through an offshore entity
Onboarding entity: HF Markets (SV) Ltd
Founded: 2010
Register: https://hw.online · 09.07.2026
Group leverage: unclear
Instruments: FX, metals, indices, shares, commodities, crypto CFDs (non-INR).
Platforms: MT5MT4Web
Funding: No RBI-authorised local rails; cards/wire/e-wallets (FEMA-restricted).
Not served: United States, Canada, Sudan, Syria, Iran, North Korea

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 3.92.

Watch for

Min deposit 200 USD, double the India median of 50; withdrawal time not published.

Full review of HFM

3. FxPro — unregulated locally; rbi/sebi permit onl · withdrawal in 24 h (score 3.91)

Why it ranks here

Round turn 9 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 3.91.

Watch for

Onboards Indian residents through an offshore entity: no SEBI licence, no SEBI complaints route, no INR account.

Full review of FxPro

What the data shows(36 of 90 distributions · 73 brokers)

Swap-free availability (36 of 90 brokers)

Offered30Not offered14

Admin fee after the free period (36 of 90 swap-free)

Never16After 3–30 days9not published5

Who onboards Indian residents (36 of 90 brokers)

Local SEBI entity20Offshore entity24

INR account (36 of 90 brokers)

Yes16No23not published5

Gold XAU/USD spread (35 of 90 · median 0.69)

27<10

520

130

140

1>40

Gold (XAU/USD) offered (90 of 90)

79Yes

11Not stated

Full list(36 of 90)

1AMarkets3.95
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
100 group
Leverage
3000IN
INR
Yes
2HFM3.92
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000IN
INR
Yes
3FxPro3.91
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
200IN
INR
Yes
4JustMarkets3.9
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10
Leverage
3000IN
INR
Yes
5OctaFX3.9
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
25 group
Leverage
1000IN
INR
Yes
6ActivTrades3.88
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
4.2
Min deposit, USD
0
Leverage
200IN
INR
Yes
7NordFX3.84
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
1000IN
INR
Yes
8BlackBull Markets3.82
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
500IN
INR
Yes
9Blueberry Markets3.82
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500IN
INR
Yes
10FIBO Group3.8
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
1000IN
INR
Yes
11Pepperstone3.79
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
200IN
INR
Yes
12Hantec Markets3.76
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
2
Min deposit, USD
10 group
Leverage
500IN
INR
Yes
13Axi3.75
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500IN
INR
Yes
14Swissquote3.73
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
1000
Leverage
100IN
INR
Yes
15Vantage3.7
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
500IN
INR
Yes
16Moneta Markets3.69
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50
Leverage
1000IN
INR
Yes
17Eightcap3.67
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500IN
INR
Yes
18XM3.67
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
3.5
Min deposit, USD
5
Leverage
1000IN
INR
Yes
19FBS3.66
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
13
Min deposit, USD
5 group
Leverage
3000IN
INR
Yes
20Headway3.63
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
1 group
INR
Yes
21TMGM3.62
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000IN
INR
Yes
22Mitrade3.61
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
200IN
INR
Yes
23XChief3.55
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
5.5
Min deposit, USD
10
Leverage
1000IN
INR
Yes
24ForexMart3.53
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
1 group
Leverage
500IN
INR
Yes
25Saxo Bank3.49
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
0 group
INR
Yes
26Trade Nation3.44
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
200IN
INR
Yes
27RoboForex3.4
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
10 group
Leverage
2000IN
INR
Yes
28FXGT3.34
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
14
Min deposit, USD
5 group
Leverage
5000IN
INR
Yes
29FXCM3.28
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
50
Leverage
1000IN
INR
Yes
30CMTrading3.23
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
250 group
Leverage
200IN
INR
Yes
31Equiti3.22
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
2000 groupIN
INR
Yes
32CMC Markets3.01
Onboards
Local · SEBI
Swap-free
none, no limit
Min deposit, USD
0 group
Leverage
20IN
INR
Yes
33ADSS2.86
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
14
Min deposit, USD
100 group
Leverage
500 groupIN
INR
Yes
34Fortrade2.84
Onboards
Local · SEBI
Swap-free
none, no limit
Min deposit, USD
100 group
Leverage
30 groupIN
INR
Yes
35IronFX2.77
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
100 group
Leverage
2000 groupIN
INR
Yes

How to read this ranking

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of India through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 15.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 6 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in India?: 36 of 90 brokers measured for this country qualify.
Which broker leads it, and on what basis?: AMarkets leads it with a score of 3.95. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(36 of 90 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.