Online trading in India is growing rapidly, especially among young and mobile-first investors. While traditional brokers follow SEBI regulations, many Indian users are turning to international platforms for faster access, lower minimums, and innovative features. Below is an honest and experience-based ranking of the top 7 online brokers in India today.
1. Quotex – Best Overall for Digital Options in India
Pros
- ₹800 minimum deposit
- ₹10,000 free demo account
- Up to 95% payouts
- Hindi and English interface
- Fast local withdrawals
Cons
- Not SEBI-regulated (licensed by IFMRRC)
- Offers only digital options
Best for: New and experienced traders looking for fast, simple trades.
2. Pocket Option – Most User-Friendly Trading App
Pros
- Simple mobile-friendly interface
- Copy trading and signal services
- INR deposit options available
- Local language support
Cons
- Not SEBI-regulated
- Some advanced tools are paid
Best for: Social traders who enjoy rewards and mobile access.
3. IQ Option – Best for Advanced Charting and Asset Variety
Pros
-
10 (Rs₹850) minimum deposit
- Wide asset selection
- Advanced charts and indicators
- High-quality training materials
Cons
- INR deposits limited
- Occasional delays in support
Best for: Intermediate to advanced traders who want control and tools.
4. Deriv – Most Versatile Trading Platform
Pros
- Multiple trading modes
- Automated bots with no coding needed
- Licensed in several jurisdictions
-
10,000 free demo
Cons
- Complex for beginners
- No UPI or Paytm options yet
Best for: Traders who value flexibility and automation.
5. Olymp Trade – Best for Education and Practice
Pros
- Free demo account
- ₹700 minimum deposit
- Strong learning resources
- Hindi and regional support
Cons
- Not ideal for advanced users
- Offshore regulation
Best for: Beginners who want to learn before they trade real money.
6. Binomo – Fast Trading with Low Entry Barriers
Pros
- ₹350 minimum deposit
- Quick 30-second trades
- Local deposit methods
- Available in Indian languages
Cons
- Limited assets and tools
- Offshore regulated only
Best for: Users who want quick, simple trades on a budget.
7. Expert Option – Best for Getting Started Instantly
Pros
- Instant demo, no registration
- Social trading view
- Fast deposits/withdrawals
- Mobile and desktop support
Cons
- Fewer tools than competitors
- No INR payment options yet
Best for: Traders looking to explore platforms quickly and easily.
Which Broker Should You Choose in India?
Each of these brokers brings something unique to the table for Indian traders:
1. Quotex – Best all-rounder for ease and returns
2. Pocket Option – Ideal for social and mobile trading
3. IQ Option – Great for advanced tools and serious traders
4. Deriv – Best for automation and trading diversity
5. Olymp Trade – Perfect for beginners and learners
6. Binomo – Good for quick and simple trades
7. Expert Option – Great for instant access and testing
All of these brokers are international platforms and not SEBI-regulated, but they’re widely used in India due to their ease of access, low barriers to entry, and fast withdrawals. Be sure to trade responsibly and always start with a demo if you’re new.
Find Promocodes for this brokers here:
1. GitHub
2. Mirror