Is IG Broker Legal In India?
IG is not legally authorized in India. It does not hold a license from the Securities and Exchange Board of India (SEBI), and it’s listed on the Reserve Bank of India’s (RBI) Alert List. Also, IG does not accept Indian residents.
Written ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses. James has also been on US and UK TV, and been a guest on finance podcasts, discussing reports conducted by BrokerListings.com and sharing his expertise.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByWilliam Berg
William Berg combines his expertise in law and finance to analyze trading brokers. He has checked 3,250+ regulatory licenses, investigated 2,365+ broker clones and trading scams, and placed 3,500+ trades.
William Berg Profile PageSeptember 1, 2026
| Feature | IG Detail |
|---|---|
| Regulated by SEBI | No |
| Flagged by Indian Regulators | Yes – RBI |
| Accepts Indian residents | No |
| INR trading account | No |
| Access to NSE | No |
| Access to BSE | No |
| Access to INR forex pairs | Yes (but not accessible to Indian residents) |
If you want to trade online with products like those IG offers, stick to one of BrokerListings’s top-rated global brokers accepting Indian residents.
Is IG Regulated In India?
No, the IG Group is not regulated in India, including through any of its subsidiaries. We confirmed this by searching for ‘IG’ on SEBI’s list of Recognised Intermediaries. While it returned many results, including some that contained IG, such as ‘IG JPMORGAN EMERGING MARKETS FUND’, these relate to different providers and products.
An even clearer sign that IG isn’t authorized to serve retail investors in India is that it features on the RBI’s Alert List, as you can see below. Under the 1999 Foreign Exchange Management Act (FEMA), residents are not permitted to use the Liberalised Remittance Scheme (LRS) to transfer money overseas to trade forex or contracts for difference (CFDs) with margin.
IG Markets – RBI Alert List
For safety, residents should prioritize brokers with a local entity licensed in India, such as Interactive Brokers, that are allowed to offer access to global financial markets.
Does IG Broker Accept Indian Residents?
No, IG does not allow clients from India to open an online trading account. We confirmed this in two ways. Firstly, we asked the support team on live chat, which as you can see below, said “we’re not able to accept applications from residents of India at the moment”.
IG live chat
However, because we noticed the live chat seemed to be powered by AI with instant responses, we wanted to be sure. So from a Mumbai IP address, we tried to sign up for an IG account. But as you can see below, we were unable to because India is not in the drop-down under ‘Country of Residence’.
List of accepted countries
IG is also a poor fit for Indian residents anyway. It does not offer an INR-based trading account, nor does it provide trading on equities listed on the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE).