These Are Our Best Trading Platforms for India in 2021
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.
1. IQ Option – Best for Binary Options Trading
2. eToro – Best for Social, Copy Trading
3. Plus500 – Best for experienced traders
4. Forex.com – Best for forex trading
5. OandA – Best API
6. XTB – Best Forex pairs and crypto options
Best Trading Platforms for India in 2021
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
| #1 | IQ Option | Best for options trading | 4.9/5 | Best for Binary Options | Official website |
| #2 | eToro | Best for Crypto Trading | 4.9/5 | Best for Social, Copy Trading | Official website |
| #3 | Plus500 | Best for CFD Trading | 4.8/5 | Best for experienced traders | Official website |
| #4 | Forex.com | Best for Forex Trading | 4.6/5 | Best for forex trading | Official website |
| #5 | OandA | Best Overall Offer | 4.5/5 | Best API | Official website |
| #6 | XTB | Best for beginners | 4.2/5 | Best Forex pairs and crypto options | Official website |
Our TOP 6 Trading Platforms in Overview:
01. IQ Option: Best For Binary Options
With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks, binary options, cryptocurrencies etc.
In our review we defined the trading experience on their proprietary web, desktop, and mobile (Android and iOS) platforms is smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate.
IQ Option 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.
02. eToro: Best For Social 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.
eToro has been awarded as the best social trading platform – social trading means you can follow other traders and copy their investment strategies.
In our review eToro is 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. For more details about eToro UAE regulations visit our review.
03. Plus500: Best for CFD Trading
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 100eur (or dollars) for credit cards and electronic wallets. The minimum deposit for wire transfers is 500eur.
04. Forex.com: Best for Forex Trading
Forex.com is a reputable online forex broker, known for its high tech trading platform, low withdrawal fees, advanced research tools and great support. We recommend Forex.com to traders at all levels from beginner to advanced.
They offer a variety of different assets including forex, CFD financial instruments and cryptocurrencies. Trading costs are average and competitive with similar brokers. They offer several trading platforms and accounts.
Forex.com is a legit online broker regulated by top tier financial regulators and listed on the NYSE (New York Stock Exchange). Headquartered in New Jersey, Forex.com was founded in 1999 and has a long standing and clean history.
Forex.com does not charge withdrawal or deposit fees. The initial deposit minimum is $100. The account opening process is fast and simple, account verification is smooth. Customer support is responsive and is available through email and live chat. Their research toolbox has basic and advanced charts/indicators. Educational tools include webinars, tutorials, blogs and instructional videos.
05. OandA: Best API
Oanda is one of the most reliable online forex brokers on the market. It gives its customers access to corporate FX services, 124 trading instruments, currency management solutions, and data on exchange rates for international business.
Oanda is headquartered in the United States, but there are numerous international offices in cities such as London and Tokyo. Altogether, 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.
The company allows for spread betting, but you can only use this if you are an Oanda European customer and living in the Republic of Ireland or the United Kingdom.
06. XTB – Best For Beginners
XTB is primarily a CFD and forex broker regulated by the most trusted financial regulators including the FCA and is also listed on the Warsaw stock exchange.
We would recommend this platform to users looking for fast deposit and withdrawal + great research tools. Open Demo Account
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.
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