Depositing from India
The answer is never a brand name. It is your country × the broker: the entity your address gets, the protection behind it, and what the Reserve Bank of India (RBI) and SEBI says. All 40 verdicts for India are computed below, checked on October 22, 2026.
Facts checked on October 22, 2026
Under FEMA, Indian residents may trade currency only in INR pairs on SEBI-authorised exchanges (NSE, BSE, MCX). Offshore forex and CFD platforms are not authorised for residents, and the RBI publishes an Alert List of named platforms. Sending money abroad to trade on them can put the resident in breach — penalties can reach three times the amount involved.
The clearly legal local route: INR currency pairs (USDINR, EURINR, GBPINR, JPYINR) on SEBI-authorised exchanges through a SEBI-registered broker.
about ₹17,000 (about $200). The viable figure matters only on the legal route. On offshore platforms there is no viable minimum, because the route itself is unauthorised for residents — no account size fixes that.
Minimums and rails checked on October 22, 2026. Advertised minimums are the platforms' own published figures — accepted minimums, not viable ones.
| Broker | Verdict for a resident | The entity that would hold the account | Protection |
|---|---|---|---|
| Exness | Your regulator warns against this route | Exness (SC) Ltd (FSA Seychelles) | No compensation scheme |
| XM | Your regulator warns against this route | XM Global Limited (FSC Belize) | No compensation scheme |
| Deriv | Your regulator warns against this route | Deriv (SVG) LLC and sister entities (SVG / Labuan / BVI registrations) | No compensation scheme |
| FBS | Not accepted — don't try workarounds | — | — |
| HFM (HotForex) | Your regulator warns against this route | HF Markets (Seychelles) Ltd (FSA Seychelles) | No compensation scheme |
| Octa (OctaFX) | Your regulator warns against this route | Octa Markets Ltd (Mwali International Services Authority (Comoros)) | No compensation scheme |
| AvaTrade | Not accepted — don't try workarounds | — | — |
| Pepperstone | Your regulator warns against this route | Pepperstone Markets Limited (SCB (Bahamas)) | No compensation scheme |
| IC Markets | Your regulator warns against this route | Raw Trading Ltd (FSA Seychelles) | No compensation scheme |
| FP Markets | Your regulator warns against this route | First Prudential Markets Limited (FSA Seychelles) | No compensation scheme |
| Tickmill | Your regulator warns against this route | Tickmill Ltd (FSA Seychelles) | No compensation scheme |
| Plus500 | Your regulator warns against this route | Plus500SEY Ltd (FSA Seychelles) | No compensation scheme |
| eToro | Not accepted — don't try workarounds | — | — |
| Capital.com | Your regulator warns against this route | Capital Com Online Investments Ltd (SCB (Bahamas)) | No compensation scheme |
| XTB | Your regulator warns against this route | XTB International Limited (FSC Belize) | No compensation scheme |
| IG | Your regulator warns against this route | IG International Limited (BMA (Bermuda)) | No compensation scheme |
| Quotex | Your regulator warns against this route | ON SPOT LLC GROUP (registered in St. Kitts and Nevis — no government licence) | No compensation scheme |
| Pocket Option | Your regulator warns against this route | Infinite Trade LLC (Mwali International Services Authority (Comoros) — licence reported suspended) | No compensation scheme |
| Olymp Trade | Your regulator warns against this route | Aollikus Limited (VFSC (Vanuatu) — and FinaCom membership, an industry body, not a government regulator) | No compensation scheme |
| Binomo | Your regulator warns against this route | Dolphin Corp LLC (registered in St Vincent & the Grenadines — FinaCom membership, an industry body, not a government regulator) | No compensation scheme |
| IQ Option | Your regulator warns against this route | SKY LADDER LLC (registered in Antigua and Barbuda) | No compensation scheme |
| Axi | Your regulator warns against this route | AxiTrader LLC (registered in St Vincent & the Grenadines) | No compensation scheme |
| LiteFinance | Your regulator warns against this route | LiteFinance Global LLC (registered in St Vincent & the Grenadines) | No compensation scheme |
| FXTM | Your regulator warns against this route | Exinity Limited (FSC Mauritius) | No compensation scheme |
| Vantage | Your regulator warns against this route | Vantage Global Limited (VFSC (Vanuatu)) | No compensation scheme |
| RoboForex | Your regulator warns against this route | RoboForex Ltd (FSC Belize) | No compensation scheme |
| JustMarkets | Your regulator warns against this route | Just Global Markets Ltd (FSA (Seychelles)) | No compensation scheme |
| Headway | Your regulator warns against this route | Jarocel Pty Ltd (FSCA (South Africa)) | No compensation scheme |
| PU Prime | Your regulator warns against this route | PU Prime Limited (FSA Seychelles) | No compensation scheme |
| Moneta Markets | Your regulator warns against this route | Moneta Markets Ltd (FSA Seychelles) | No compensation scheme |
| ThinkMarkets | Your regulator warns against this route | TF Global Markets (International) Ltd (registered in Seychelles — not authorised by FSA Seychelles) | No compensation scheme |
| CMC Markets | Not accepted — don't try workarounds | — | — |
| OANDA | Your regulator warns against this route | OANDA Global Markets (BVI) (BVI FSC) | No compensation scheme |
| FOREX.com | Your regulator warns against this route | GAIN Global Markets (Cayman) (CIMA (Cayman)) | No compensation scheme |
| Interactive Brokers | Your regulator warns against this route | Interactive Brokers (the entity for your country of residence) (a regulated IB entity — this group onboards to regulated entities in most countries) | A regulated entity with local dispute access; there is no single global compensation fund |
| Admirals | Your regulator warns against this route | Admirals SC Ltd (FSA Seychelles) | No compensation scheme |
| BlackBull Markets | Your regulator warns against this route | BBG Limited (FSA Seychelles (the NZ entity serves New Zealand)) | No compensation scheme |
| Fusion Markets | Your regulator warns against this route | Gleneagle Securities Pty Limited (VFSC (Vanuatu)) | No compensation scheme |
| MultiBank Group | Your regulator warns against this route | MEX Atlantic Corporation (CIMA (Cayman)) | No compensation scheme |
| easyMarkets | Your regulator warns against this route | EF Worldwide Ltd (BVI FSC (British Virgin Islands)) | No compensation scheme |
Run any pair through the checker for the full five-line verdict, or open a broker page for its whole entity map.
The free check gives you the verdict for one country and one broker. The Deposit Safety Kit gives you the complete walkthroughs: how to verify the entity in the broker's own legal footer, where on your regulator's site the register and the warning lists live, how to read a compensation scheme, and the first-withdrawal test protocol — deposit small, withdraw first, then decide.
Included in the $39 Deposit Safety Kit
Sources: the brokers' own legal and entity pages as published on the check date; the Reserve Bank of India Alert List; the UK Financial Conduct Authority Register and Warning List; the Australian Securities and Investments Commission registers; Bappebti (Indonesia) licensed and blocked lists; CVM (Brazil) declaratory acts; the FSCA (South Africa) FSP register; the Capital Markets Authority (Kenya) licensee list; the Securities and Exchange Commission (Philippines) advisory list; SECP/PMEX (Pakistan) membership; SEC Nigeria and Central Bank of Nigeria publications. Affiliate bounty figures from the programs' own published terms (Exness, XM, Plus500, eToro affiliate pages). If a fact has moved since our check date, the regulator's or broker's own publication wins — and write to help@doogex.com so we can correct ours.