8 Best Trading Platforms in India
This is our list of the best online trading platforms in India based on several factors: traders score, commodities you can trade, trading platforms, funding methods, islamic account enabled, minimum deposit and welcome bonus.
- IQ Option – Best for Binary Options Trading – 4.8 Stars
- – Best for Social, Copy Trading – 4.6 Stars
- Plus500 – Best for experienced traders – 4.6 Stars
- – Best for forex trading – 4.5 Stars
- OandA – Best API – 4.5 Stars
- London Capital Group – Best Asset Variety – 4.5 Stars
- CMC Markets – Best Beginner Support – 4.5 Stars
- XTB – Best Forex pairs and crypto options – 4.4 Stars
Here are our 8 top picks in overview:
IQ Option ( Best for Binary Options Trading)
IQ Options has a long trading services history. The company started operating in 2013. Having their main quarters in Limassol, Cyprus, they are authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) only. IQOPTION LTD is registered at St. Vincent and Grenadines, this entity is not regulated. IQ Options index brand has been recently updated to make sure the UAE clients get the same advanced tools and platforms, internationally available to other customers. They provide an improved in-house advantage platform different from the most known Metatrader 4/5 platform.
eToro (Best Platform for Copy Trading)
eToro is an established social trading company, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers. eTorois considered to be a trustworthy platform as it is regulated by an established regulator while being a well-recognized startup as well. Its main operation is based around CFDs. CFDs are complex instruments that include leverage, so they come with a higher risk. Open Account
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)
Plus 500 is a quality CFD's provider and operates around the world via its subsidiaries: Plus500AU, AFSL #417727issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider # 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).
Forex.com (Best Platform For Forex Trading)
Forex.com is a global industry leader and in the US is the primary competitor of OANDA. Forex.com is owned by the publicly traded GAIN Capital (NYSE: GCAP) and has invested heavily in custom-built systems and trading platforms over the past few years. Because of this, both Forex.com and City Index (a spread betting company and another acquisition of GAIN Capital) are industry leaders and "edge out" OANDA in the USA in terms of customer assets. Forex.com offers industry-leading trading tools for Forex, CFDs, and Bitcoin.
OandA (Best Desktop Trading Experience)
OANDA excels above the other brokers reviewed here in the area of its proprietary trading technology which includes desktop and web-based platforms and integration with MetaTrader 4 on desktop and mobile.With roots in academia and officially founded in the 1900s, OANDA is an early pioneer in Forex and has built a reputation for superb technology and comprehensive product offerings. OANDA services customers throughout the United States, Canada, Australia, Singapore, and the United Kingdom.
London Capital Group (Best Asset Variety)
With a wide variety of spread betting and CFD instruments, London Capital Group allows traders flexibility across many asset classes, including cryptocurrencies, bonds, commodities, Forex, individual stocks, and indexes. They also provide account holders with competitive spreads and negative balance protection with no commissions.
CMC Markets (Best Beginner Support)
CMC Markets is committed to their professional and institutional clients which can be seen by their careful maintenance of their dedicated sites for each of these client groups. Despite these benefits, CMC Markets falls behind other brokers as it does not offer a free API interface or any rebate for high-volume traders. The most attractive perks that CMC Markets offers, such as free bank wire withdrawals and guaranteed stop losses, are available to all account holders. These are a major benefit to beginning traders and experienced traders alike.
X-Trade Brokers or XTB ( Best Forex pairs and cryptocurrency options)
XTB is regulated by the Financial Conduct Authority (FCA) of the UK. It offers a variety of instruments, including metals, commodities, shares, cryptocurrencies, indices, and Forex. While most of the fees charged by XTB were average, spreads for Forex were highly competitive, often better than other brokers. xStation 5 and MetaTrader 4 are both offered and supported by XTB in both mobile and desktop options.