TFTopForex India
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Broker apps · India · 2026

Forex trading from India: the ten apps, compared

Every broker here takes Indian traders, and none of them is an authorised person under FEMA — the Reserve Bank keeps a list of platforms residents may not deal through, and that list is the first thing this page explains.

10Apps compared
13.10.2026Data last checked
9Start from $10 or less
6 of 10Found in a regulator's register
#1 Sponsored Site partner

Stockity

$10 to start· 90% payout ·Android · iOS · Web · free demo
AndroidiOSWeb
  1. 01Start with $10 and trade from $1 a position.
  2. 02Up to 90% payout on a winning fixed-time contract.
  3. 03Trade from any device: Android · iOS · Web, with a free demo account.
Create account Stockity
Free download · Android · iOS · Web Read the review
9:415G
EUR/USD90%
1.08426+0.12%
1m5m15m
Amount $1
Time 05:00
Up Down
Places 2–10

Every app

Platform
Minimum deposit
Licence
Showing 9 of 9

Deriv

#2
Android · iOS · Web
Min deposit
$5
Max payout
100%
Regulator
MFSA 70156
Review

Pocket Option

#3
Android · iOS · Web
Min deposit
$5
Max payout
92%
Regulator
MISA (Mwali) T2022086
Review

Quotex

#4
Android · iOS · Web
Min deposit
$10
Max payout
98%
Regulator
No licence found in a register
Review

IQ Option

#5
Android · iOS · Web
Min deposit
$10
Max payout
95%
Regulator
CySEC 247/14 (EEA)
Review

Olymp Trade

#6
Android · iOS · Web
Min deposit
$10
Max payout
95%
Regulator
VFSC company No. 40131 (Aollikus Limited)
Review

Binomo

#7
Android · iOS · Web
Min deposit
$10
Max payout
90%
Regulator
IFC (FinaCom) Category A
Review

Expert Option

#8
Android · iOS · Web
Min deposit
$10
Max payout
95%
Regulator
Financial Commission (member)
Review

Exnova

#9
Android · iOS · Web
Min deposit
$10
Max payout
92%
Regulator
No licence found in a register
Review

BinaryCent

#10
Android · iOS · Web
Min deposit
$250
Max payout
92%
Regulator
No licence found in a register
Review
Broker by broker

Broker profiles

Each block holds the figures we keep in our own reference and nothing else. Where a register has no entry for a broker, the line says so instead of filling the gap.

Deriv

#2
Minimum deposit
$5
Minimum trade
$0.35
Maximum payout
100%
  • Where it runsAndroid, iOS, Web, MT5 and TradingView
  • Own platformDeriv Trader, Deriv X, SmartTrader
  • In a registerMFSA 70156, Labuan FSA MB/18/0024 and VFSC company No. 14556
Figures checked 12.10.2026

Pocket Option

#3
Minimum deposit
$5
Minimum trade
$1
Maximum payout
92%
  • Where it runsAndroid, iOS, Web, MT4 and MT5
  • Own platformPocket Option platform
  • In a registerMISA (Mwali) T2022086
  • Named by a regulatorthe FCA warning list (United Kingdom), a CONSOB order (Italy) and a CFTC warning (United States)
Figures checked 12.10.2026

Quotex

#4
Minimum deposit
$10
Minimum trade
$1
Maximum payout
98%
  • Where it runsAndroid, iOS and Web
  • Own platformQuotex platform
  • In a registerNo licence found in a register
Figures checked 12.10.2026

IQ Option

#5
Minimum deposit
$10
Minimum trade
$1
Maximum payout
95%
  • Where it runsAndroid, iOS and Web
  • Own platformIQ Option platform
  • In a registerCySEC 247/14 (EEA)
Figures checked 12.10.2026

Olymp Trade

#6
Minimum deposit
$10
Minimum trade
$1
Maximum payout
95%
  • Where it runsAndroid, iOS and Web
  • Own platformOlymp Trade platform
  • In a registerVFSC company No. 40131 (Aollikus Limited) and Financial Commission (member)
Figures checked 12.10.2026

Binomo

#7
Minimum deposit
$10
Minimum trade
$1
Maximum payout
90%
  • Where it runsAndroid, iOS and Web
  • Own platformBinomo platform
  • In a registerIFC (FinaCom) Category A
Figures checked 12.10.2026

Expert Option

#8
Minimum deposit
$10
Minimum trade
$1
Maximum payout
95%
  • Where it runsAndroid, iOS and Web
  • Own platformExpertOption platform
  • In a registerFinancial Commission (member)
Figures checked 12.10.2026

Exnova

#9
Minimum deposit
$10
Minimum trade
$1
Maximum payout
92%
  • Where it runsAndroid, iOS and Web
  • Own platformExnova platform
  • In a registerNo licence found in a register
  • Named by a regulatorwithdrawal complaints on record and no financial regulator oversees it
Figures checked 12.10.2026

BinaryCent

#10
Minimum deposit
$250
Minimum trade
$0.10
Maximum payout
92%
  • Where it runsAndroid, iOS and Web
  • Own platformBinaryCent platform
  • In a registerNo licence found in a register
  • Named by a regulatora VFSC notice of fraud (Vanuatu), the CFTC RED list (United States), the AMF blacklist (France) and an FMA warning (New Zealand)
Figures checked 12.10.2026

Stockity

#1Sponsored
Minimum deposit
$10
Minimum trade
$1
Maximum payout
90%
  • Where it runsAndroid, iOS and Web
  • Own platformStockity platform
  • PlacementPaid placement on this site. The figures above are checked the same way as everyone else's.
Figures checked 12.10.2026
Open Stockity
Methodology

Our method

Last check 13.10.2026 · next 12.11.2026
  1. 01Install from the official sourceEach app is taken from the broker's own site or store listing, and the platforms it actually ships on are recorded.
  2. 02Look the licence up in the registerThe regulator and number come from that regulator's public register. A licence we cannot find there is published as “no licence found”.
  3. 03Record the four factsMinimum deposit, minimum trade, maximum payout and the regulator, each with the date it was checked.
  4. 04Publish the order we were paid for, plainlyFirst place is paid for and labelled Sponsored. Places two to ten are in the order of our own ranking, and every figure behind it is on the card, so you can disagree with the order without having to take our word for the numbers.

Registers used: RBI Alert List · CySEC · MFSA · VFSC

Head to head

The table

Field

Questions and answers

The Reserve Bank of India licenses authorised persons dealing in foreign exchange and the electronic trading platforms they may use, under FEMA in India. It does not license offshore forex platforms and fixed-time contracts, and none of the apps here holds a local licence. Each card shows the regulator we could find in a register, with the date we checked it.