Home Best trading platforms Best Trading Platform in India 2021

Best Trading Platform in India 2021

1128
0
Regal Wallet Banner

The best trading platforms in India are: IQ Option, eToro, Plus500, Forex.comOandA, and XTB. Some Indian traders prefer social trading with eToro. Others choose Plus500 because of the professional trading tools available.  

Each broker has its strengths and weaknesses. This article reveals the best trading platforms in India.  

Best Trading Platforms in India 

  1. IQ Option is the best binary options trading platform in India.
  2. eToro is the leading social trading broker for Indian traders. 
  3. Interactive Brokers have the best trading platforms.
  4. Pepperstone has the lowest trading fees.
  5. Plus500 is the best online broker for experienced Indian traders.
  6. XM has the best technical analysis and tools.
  7. Forex.com is best for forex trading
  8. OandA has the best API trading platform.
  9. XTB is the leading trading platform for beginners.
  10. AVAtrade is best for advanced traders

Best Trading Platforms in India

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1IQ OptionBest for options trading4.9/5Best for Binary OptionsOfficial website
#2eToroBest for Crypto Trading4.9/5Best for Social, Copy TradingOfficial website
#3IBKRBest Trading Platforms4.9/5Best overall offerOfficial Website
#4PepperstoneBest for low fees4.8/5Lowest FeesOfficial Website
#5Plus500Best for CFD Trading4.8/5Best for experienced tradersOfficial website
#6XMBest Trading Tools4.7/5Best for technical analysisOfficial Website
#7Forex.comBest for Forex Trading4.6/5Best for forex tradingOfficial website
#8OandABest Overall Offer4.5/5Best APIOfficial website
#9XTBBest for beginners4.2/5Best Forex pairs and crypto optionsOfficial website
#10AVAtradeBest for advanced4.5/5Best for advanced tradersOfficial Website

TOP 6 Trading Platforms in Overview:

01. IQ Option: Best Platform For Binary Options Trading

IQ-option-logo-2


IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support. It is a great platform for traders looking to invest in options on a feature-rich and easy-to-use platform.

The trading experience on their proprietary web, desktop, and mobile platforms is smooth. It is an easy-to-learn-and-navigate platform suitable for professional and beginning traders. Their platform offers a great variety of charting tools that help traders predict future market movements.

 IQ Option is a trustworthy online broker subject to the highest standards of regulation and safety in the industry. It is a CySEC authorized company with a 100% clean history.


02. eToro: Best Social Trading Platform In India

etoro-login

eToro is a safe online broker regulated by top-tier financial regulators. It is known for its multi-asset, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and portfolios from other traders. Built in a forum-like way, it allows engagement between peers through a comment section.

eToro offers a range of CFDs over stocks, currencies, crypto, indices, and commodities. Trading spreads are wide, deposits are free. There are conversion and inactivity fees.  eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat. 


03. Plus500: Best Online Trading Platform For Experienced Indian Traders 

Plus500 is a legit and safe online broker listed on the London Stock Exchange (LSE). It is a great online broker for those who want to trade CFDs on a simple to use trading platform. We can recommend Plus500 to beginner and advanced traders.

Plus500 offers 2200 CFD trading instruments from seven different asset classes. This include indices, forex, commodities, individual shares, ETFs, options, cryptocurrencies.

Plus500 trading fees are low. There is no trading commission or deposit and withdrawal fees. The minimum deposit is 100 eur (or dollars) for credit cards and electronic wallets. The minimum deposit for wire transfers is 500eur.


04. Forex.com: Best Forex Trading Platform In India

Forex.com is a trustworthy forex broker with a professional trading platform, low fees, and advanced research tools. This broker offers many assets, like forex, CFD, and cryptocurrencies.

Forex.com has top-tier licenses, and it is listed on the New York Stock Exchange. This broker has a long track record on the market, which increases its reliability.

It is a versatile broker with no withdrawal or deposit fees. The required starting deposit is 100 USD. Creating a new account with Forex.com is straightforward because of the smooth verification process. It offers knowledgeable customer support via email and live chat.

Other recommended features at Forex.com include premium research and educational tools.


05. OandA: Best Overall Offer And API

Oanda is one of the most reliable online forex brokers with access to corporate FX services, 124 trading instruments, currency management solutions, and data on exchange rates for international business.  

This online broker has 8 international financial hubs and customers from more than 196 countries. Oanda has licenses from leading regulatory jurisdictions in the United States, the United Kingdom, Australia, Singapore, Japan, and Canada.  


06. XTB: Best Beginner-Friendly Trading Platform In India

XTB is a forex and CFD trader with a long track record on the market. It is highly regulated by the leading financial regulators, including the FCA and Cyprus’s CySec. XTB is listed on the Warsaw stock exchange.

This online broker has impressive research tools. Withdrawing and depositing funds with XTB is transparent and fast.


Frequently Asked Questions 

We review trading platforms in India with real accounts and money. We use 105 criteria to establish which broker is trustworthy. Read about our reviewing techniques in our methodology. 

How We Identify A Reliable Platform? 

Safety and security are critical factors in our reviews. We choose the leading trading platforms in India by using 105 data points. Customer service, fee structure, and educational tools are critical points in our reviews.  

Safety Risks For Indian Citizens 

A reliable Indian broker has top-tier licenses. Professional brokers have a banking history and a long track record in online trading. The brokers in this review are safe brokers. Read our in-depth reviews to discover which is the best broker for your trading needs.  

What Is The Financial Regulatory Authority In India? 

The Securities and Exchange Board of India (SEBI) oversees all financial transactions in India, but trading platforms do not need a license from the SEBI to operate. The SEBI recommends trading with licensed brokers but does not require it. 

Verify if a broker has a SEBI license by finding the registration number on a broker’s homepage. The registration number for Interactive Brokers looks like this: 

      INTERACTIVE BROKERS (INDIA) PVT. LTD. is a member of NSE, BSE [http://www.sebi.gov.in]. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Registered Office: 502/A, Times Square, Andheri Kurla Road, Andheri East, Mumbai 400059, India. Tel: +91-22-61289888 / Fax: +91-22-61289898. 

Check the registration number at the SEBI using their financial register tool. If the broker has a license with the SEBI, the system will display the trading platform’s information. 

How We Chose The Top International Trading Platforms For Indian Residents? 

We chose the top international trading platforms for Indian residents based on 105 criteria. The main categories are: 

Costs: A reliable Indian broker has a transparent fee structure. Some brokers have higher fees than others. Read our in-depth reviews to learn the all-in costs of each broker. 

Account: Each online broker has distinct account types. Some Indian brokers offer a single account type. Others provide several account tiers. Find out what account type suits your trading needs by reading our in-depth reviews. 

Withdrawal and deposit: Withdrawing and depositing funds should be straightforward. Some brokers charge a minimum deposit fee. Others don’t request an initial deposit for creating new accounts. All of the brokers in this review have a transparent fee structure. Verify which broker has the best withdrawal and depositing process in our in-depth reviews. 

Market and products: Market and products vary from broker to broker. Some online brokers offer a wide range of currency pairs, while others focus on a limited set. Read about online brokers and their offerings in our in-depth reviews. 

Trading platforms: A premium trading experience starts with a user-friendly platform. Select a broker with a secure and simple-to-understand platform. The brokers mentioned above have reliable platforms, but some are challenging to use. Verify our reviews to discover which platform is best for your trading experience. 

Final Verdict

IQ Option, eToro, Plus500, Forex.com, OandA, and XTB are the best trading platforms in India. Each broker has a variety of trading platforms and asset classes. Our top choice is IQ Option because of the overall offer for Indian citizens and the excellent binary options trading platform. Our second choice is eToro because of its world-class social trading tools and premium platform. Experienced traders will enjoy the comprehensive offer at Plus500, while beginners will feel at home with XTB’s easy trading platform. 


Our Methodology

We took the time to analyze and compare the top 30 international trading platforms in 2021. So, each firm received its review based on 105 distinct variables and more than 50,000 words of research.

Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.

We checked all the information provided by brokers with a lot of attention to details. Our purpose was to offer you access to reliable, accurate, and well-researched data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

If you liked this article than also read:

Previous articlePlus500 vs. CMC Markets
Next articleBest Forex Brokers in Iran 2021
Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

LEAVE A REPLY

Please enter your comment!
Please enter your name here