Best Brokers With INR Accounts 2025
Dig into our top brokers offering INR accounts, based on testing, reducing conversion fees and optimizing the experience for traders in India.
WriterJames Barra
Fact CheckerTobias Robinson
Brokers With:
Indian Rupee (INR)
Showing top 4 of 4 matching brokers.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators.
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3Founded in 2019, Quotex is a binary broker providing over 400 assets like forex, stocks, indices, commodities, and cryptocurrencies. The platform focuses on user-friendly features, offering short-term contracts from 5 seconds to 4 hours, with payouts up to 95%.
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4OKX is a reputable cryptocurrency company founded in 2017. It provides a wide array of services, including mining pools and NFTs. Traders can buy and sell over 400 crypto tokens through OTC trading and derivatives. OKX also offers a high-quality online platform, developer tools, and comprehensive charts, making it a preferred option for technical traders.
Compare Brokers With INR Accounts
| Broker |  |
Payment Methods |
|---|---|---|
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ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | |
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Airtel, AstroPay, Bitcoin Payments, Boleto, Cashu, Credit Card, Debit Card, FasaPay, M-Pesa, Mastercard, Neteller, Perfect Money, Skrill, Sticpay, Visa, WebMoney, Wire Transfer | |
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Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa | |
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Apple Pay, Banxa, Bitcoin Payments, Credit Card, Ethereum Payments, Google Wallet, Mastercard, PayPal, Simplex, Visa, Wire Transfer | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $0 | $100 | 1:50 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
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✓ | $10 | 0.01 Lots | 1:Unlimited | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
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✓ | $10 | $1 | ✗ | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos | Web Platform |
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✓ | 10 USDT | Variable | ✗ | Spot, futures, perpetual swaps, options | AlgoTrader, Quantower |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With INR Accounts 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
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| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With INR Accounts 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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Android & iOS | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With INR Accounts 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $10 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $10 | $1 | ✗ | ✗ | ||
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✓ | 10 USDT | Variable | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With INR Accounts 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:Unlimited | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With INR Accounts 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With INR Accounts 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With INR Accounts 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $0 | 0.5 (Apple Inc.) | 0.0 | Floating | |
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✗ | $0 | ✗ | N/A | N/A | |
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✗ | ✗ | ✗ | ✗ | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With INR Accounts 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| OKX |
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| Interactive Brokers |
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| Exness |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
- Interactive Brokers was named Best US Broker for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
Cons
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Execution speeds now average under 25ms, providing ideal conditions for short-term traders.
- Fast and reliable 24/7 multilingual customer support through phone, email, and live chat, validated by practical tests.
- Exness was the first brokerage to reach monthly trading volumes of $1 trillion and $2 trillion, demonstrating its credibility.
Cons
- MetaTrader 4 and 5 are supported, but TradingView and cTrader are not available yet, despite increasing demand from traders and their integration with other platforms like Pepperstone.
- Exness has increased its variety of CFDs and introduced a copy trading feature, but it still lacks real assets like ETFs, cryptocurrencies, or bonds.
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
Why Trade With Quotex?
Quotex is perfect for binary traders seeking short-term trades on global markets, offering payouts up to 95%. The platform is frequently updated, offers daily trading signals, and is intuitive for new users.
Pros
- A free demo account with $10,000 in virtual funds allows new traders to practice strategies and test the platform without risking real money. It's a great tool for beginners to gain experience.
- Quotex allows trading with a minimum of $10, suitable for beginners and testing the platform with low risk. Withdrawals also start at $10, providing easy fund access.
- The web platform and app are user-friendly, featuring a clean design and easy order execution based on our tests. They offer multiple indicators and built-in trading signals, suitable for both beginners and experienced traders.
Cons
- Quotex has limited market analysis tools and does not provide real-time financial news, economic calendars, or detailed research reports. It also lacks educational resources like courses, webinars, and expert insights, making it less suitable for beginners.
- Quotex is an offshore broker in a jurisdiction with loose regulations. It lacks the investor protection, dispute resolution, and fund security offered by regulated brokers, making it riskier.
- Customer service is available only through email and social media, which may result in slow response times. Competitors like Videforex offer 24/7 live chat and phone support, allowing for quicker assistance with technical or withdrawal issues.
Why Trade With OKX?
OKX is a preferred choice for traders seeking new cryptocurrencies and projects for investment. Traders can benefit from its copy trading feature and automated bots.
Pros
- OKX, licensed by the Dubai Virtual Assets Regulatory Authority, enjoys a strong reputation among its 20 million worldwide clients.
- Numerous blockchain offerings encompass DeFi services, NFTs, games and more than 400 existing and upcoming coins.
- In 2025, OKX obtained a MiFID II license, allowing it to offer regulated derivatives products in Europe, ensuring confidence.
Cons
- The broker's platform and features might be hard to understand for new traders.
- The company provides minimal regulatory supervision, a typical feature among crypto trading platforms.
- Customer support quality varied during testing.
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Methodology
To identify the best brokers offering INR-denominated accounts, we turned to our database, covering hundreds of online brokers globally.
We focused on platforms that allow clients to deposit, withdraw, and trade in Indian Rupees (INR).
Rankings were determined based on a careful analysis of over 200 metrics, including fees, platform usability, and regulatory compliance, backed by the findings of our hands-on tests.
What Is an INR Account?
An INR account is a trading account where all transactions, profits, and losses are recorded in Indian Rupees.
This account type is specifically designed for traders who primarily operate in INR, making it a practical choice for residents of India or investors dealing in INR-denominated assets.
Benefits of an INR account:
- Avoiding Currency Conversion Costs: An INR account eliminates the need for converting funds into USD or other foreign currencies, saving on conversion fees when depositing or withdrawing funds.
- Simplified Financial Management: For Indian residents, having an account in INR aligns with local currency needs, making bookkeeping, tax reporting, and cash flow management easier.
- Hedging Against FX Volatility: If your income or financial obligations are in INR, this account type shields you from unfavorable currency exchange fluctuations.
- Access to Local Opportunities: Trading INR-denominated assets, such as equities listed on the National Stock Exchange (NSE) of India or the Bombay Stock Exchange (BSE), becomes more efficient and cost-effective.
- Compliance with Indian Regulations: Some brokers offering INR accounts adhere to regulatory requirements set by the Securities and Exchange Board of India (SEBI), ensuring safer trading for Indian investors.
How Do I Open an INR Account?
Opening an INR trading account is straightforward. Follow these steps:
- Pick a Broker: Select a broker that supports INR as a base currency. Look for brokers regulated by SEBI and compare fees, platform features, and available trading instruments.
- Register an Account: Complete the broker’s onboarding process, which usually involves providing identification documents (such as a PAN card and Aadhaar) and proof of address.
- Select INR as Your Base Currency: During account setup, opt for INR as your primary currency to avoid conversion costs.
- Fund Your Account: Deposit funds directly in INR using UPI, net banking, or other payment methods commonly supported in India.
- Start Trading: Once funded, you can trade INR-denominated assets or invest in global markets using INR as your base currency.
Should I Use an INR Trading Account?
An INR trading account could be the right choice if you meet the following criteria:
- You Live in India: Trading in INR simplifies your financial operations, from tax reporting to withdrawals and day-to-day transactions.
- You Trade INR-Denominated Assets: For those investing in NSE or BSE-listed equities, Indian bonds, or INR-based mutual funds, an INR account helps eliminate exchange rate costs and conversion delays.
- You Want to Hedge Currency Risks: If your income or expenses are in INR, using an INR account protects you from currency fluctuations when funding your account or withdrawing profits.
- You Primarily Invest Locally: For traders and investors focused on India’s economy, an INR account aligns perfectly with local investment opportunities.
What Are the Limitations of an INR Account?
- Exposure to INR-Related Risks: If the INR depreciates significantly against other major currencies like USD or EUR, the value of your holdings may drop when engaging in international trades or investments.
- Limited Global Access: INR-denominated accounts often come with restricted access to international markets, and trading foreign assets might involve conversion fees.
- Restricted Broker Availability: While a growing number of Indian brokers offer INR accounts, they may not provide the same features, instruments, or competitive fees as global brokers with USD or EUR accounts.
- Higher Costs for International Transactions: Funding or withdrawing funds in INR with brokers who primarily deal in other currencies may lead to additional processing fees and longer transaction times.
- Currency Conversion for Foreign Assets: Even with an INR account, trading foreign stocks, commodities, or currencies typically requires conversion to USD or other currencies, which can result in extra costs.
- Regulatory Restrictions: Due to India’s strict foreign exchange regulations (under the Foreign Exchange Management Act, or FEMA), INR accounts with international brokers may face restrictions, especially for outward remittances.