Brokers with the lowest minimum deposit 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 (14 of 90 counts · 73 brokers onboarding Indian residents)

14of 90

qualify for this ranking

16% of 90

13of 14

scored on all six axes

93% of 14

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)

1Fusion Markets4.06highest score of the three · offshore (vfsc/seychelles) for indian cl · withdrawal in 1 h 2MultiBank Group3.92cheapest priced of the three · offshore; not sebi/rbi regulated 3FxPro3.91unregulated locally; rbi/sebi permit onl · withdrawal in 24 h

Brokers with the lowest minimum deposit in India (14 of 90)

By slice score, formula v1.0. · 14 of 73 brokers in this ranking · all 14

#	Broker	Round turn, USDIN	Min deposit, USDIN	Leverage	Withdrawal, hIN	Score	Execution	Founded	Funding
1	Fusion Markets	4.5	0	500IN	1	4.06	ECN/raw + standard	2019	6 methods
2	MultiBank Group	3	50	500IN	48	3.92	ECN/raw + standard	2005	4 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	ActivTrades	4.2	0	200IN	24	3.88	ECN/raw + standard	2001	4 methods
6	Grand Capital	9	10	500IN	0.25	3.87	ECN/raw + standard	2006	3 methods
7	FXChoice	7	100	200IN	24	3.8	ECN/raw + standard	2010	3 methods
8	Swissquote	16	1000	100IN	24	3.73	ECN/raw + standard	1996	1 methods
9	Vantage	6	50	500IN	72	3.7	ECN/raw + standard	2020	1 methods · local
10	Moneta Markets	3	50	1000IN	24	3.69	ECN/raw + standard	2019	5 methods · local
11	XM	3.5	5	1000IN	24	3.67	ECN/raw + standard	2009	3 methods · local
12	Mitrade	6	20	200IN	72	3.61	Standard	2011	—
13	XChief	5.5	10	1000IN	120	3.55	ECN/raw + standard	2014	7 methods
14	FXCM	11	50	1000IN	120	3.28	ECN/raw + standard	1999	2 methods

Ten are shown; the button opens the rest.

Fusion 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. Fusion Markets — highest score of the three · offshore (vfsc/seychelles) for indian cl · withdrawal in 1 h (score 4.06)

Round turn: 4.5 USD
Withdrawal: under an hour for 85% of withdrawals
INR account: No INR base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so rupee deposits incur conversion.
Leverage: 500IN
Licence: SEBI SD096
Accepts residents: through an offshore entity
Onboarding entity: Indian retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA), not a local entity.
Founded: 2019
Register: https://fusionmarkets.com/About-us/Regulations · 09.07.2026
Group leverage: uncleargroup
Instruments: 250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs and crypto CFDs.
Platforms: MT5cTraderWebTradingView
Funding: Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT); no verified UPI/local INR rail at review.
Not served: Afghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario (Canada), Palestine, Russia, Spain, Somalia, Sudan, Syria, Ukraine, Yemen, United States and its territories

Reviews25%85
Round-turn cost20%100
Safety10
Payouts15%99
Track record10%35
Platforms70

Why it ranks here

Round turn 4.5 USD against the slice median 7 USD. strongest axis round-turn cost 100 of 100. total score 4.06.

Watch for

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

Full review of Fusion Markets

2. MultiBank Group — cheapest priced of the three · offshore; not sebi/rbi regulated (score 3.92)

Round turn: 3 USD
Withdrawal: 24 to 48 business hours
INR account: USD default; no INR verified at review.
Leverage: 500IN
Accepts residents: through an offshore entity
Onboarding entity: Indian clients served via offshore entity (BVI FSC / Vanuatu VFSC); no local Indian entity.
Founded: 2005
Register: https://sebi.gov.in · 09.07.2026
Group leverage: offshore
Instruments: FX, metals, indices, shares, commodities, crypto CFDs.
Platforms: MT5MT4Web
Funding: Cards, wire, Skrill/Neteller, crypto; local INR/UPI rails not verified at review.
Not served: United States, Canada, Iran, Iraq, North Korea, United Kingdom

Why it ranks here

Round turn 3 USD against the slice median 7 USD. strongest axis round-turn cost 100 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 MultiBank Group

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(14 of 90 distributions · 73 brokers)

Swap-free availability (14 of 90 brokers)

Offered30Not offered14

Admin fee after the free period (14 of 90 swap-free)

Never16After 3–30 days9not published5

Who onboards Indian residents (14 of 90 brokers)

Local SEBI entity20Offshore entity24

INR account (14 of 90 brokers)

Yes16No23not published5

Minimum deposit, USD (65 of 90 · median 15 USD)

62<200

1400

0600

0800

2>800

Round turn, one lot, USD (65 of 90 · median 7 USD)

13<5

3810

1015

420

0>20

Full list(14 of 90)

1Fusion Markets4.06
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
4.5
Min deposit, USD
0
Leverage
500IN
INR
Yes
2MultiBank Group3.92
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50
Leverage
500IN
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
5ActivTrades3.88
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
4.2
Min deposit, USD
0
Leverage
200IN
INR
Yes
6Grand Capital3.87
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10
Leverage
500IN
INR
Yes
7FXChoice3.8
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
200IN
INR
Yes
8Swissquote3.73
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
1000
Leverage
100IN
INR
Yes
9Vantage3.7
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
500IN
INR
Yes
10Moneta Markets3.69
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50
Leverage
1000IN
INR
Yes
11XM3.67
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
3.5
Min deposit, USD
5
Leverage
1000IN
INR
Yes
12Mitrade3.61
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20
Leverage
200IN
INR
Yes
13XChief3.55
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
5.5
Min deposit, USD
10
Leverage
1000IN
INR
Yes
14FXCM3.28
Onboards
Local · SEBI
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
50
Leverage
1000IN
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?: 14 of 90 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Fusion Markets leads it with a score of 4.06. 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(14 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.