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TradersBest.com / Online Broker Reviews

Online Broker Reviews for India 2024

Alexander Foster
Alexander Foster
Last Updated on 29/04/2024

There are hundreds of online brokers to choose from these days, with new brokerages always trying to establish themselves.

This can make it quite difficult to find a reliable broker that caters to your trading needs.

So how do you sort the bad apples from the good ones?

That’s where TradersBest.com comes in. We put both new and established providers through their paces with our online broker reviews and help you find a safe and reliable place to trade.

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Stocks
Crypto
Futures
Forex
ETF
WBroker
Recommended
Favicon
4.9/5
  • Major stocks featured
  • Top exchanges covered
  • Minimal trading fees
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
Capital.com
Hot Offer
Favicon
4.6/5
  • More than 3,800 global markets
  • Intelligent app helps you learn as you trade
  • No fees for depositing and withdrawing funds
Account Fee
0.00€
Order Fee National
0.00%
Order Fee International
0.00%
Deposit Protection
20,000.00€
Visit Site
Payment Methods
Applepay
Visa
Mastercard
+
Apps
80.84%% of retail investors lose money.
Show less
IQ Option
Hot Offer
Favicon
4.6/5
  • IQ Option lets you invest in the best deals
  • Up to date market news available
  • Wide variety of stocks to choose from
Account Fee
5.00€
Order Fee National
0.00%
Order Fee International
0.00%
Deposit Protection
20,000.00€
Visit Site
T&Cs apply, 21+
Payment Methods
Neteller
Skrill
Visa
+
License
CySEC - Cyprus Securities and Exchange Commission
Show less
HYCM
4.
Favicon
4.6/5
  • More than 140 different stock options
  • Margins as low as 5%
  • Stock trading on intuitive mobile app
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
License
FCA - Financial Conduct Authority
Show More
TMGM
5.
Favicon
4.5/5
  • Reputable broker
  • Great offer
  • MT4 platform available
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show More
WBroker
Recommended
Favicon
4.8/5
  • Stablecoins featured here
  • Low trading costs
  • Safe crypto platform
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 21+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
Capital.com
Hot Offer
Favicon
4.7/5
  • No fees to worry about
  • On-site training resources
  • Free demo account
Minimum Deposit
20.00€
Deposit Protection
20,000.00€
Amount of Currencies
119
BTC/USD Spread
110
Visit Site
Payment Methods
Applepay
Visa
Mastercard
+
Apps
80.84%% of retail investors lose money.
Show less
IQ Option
Hot Offer
Favicon
4.6/5
  • IQ Option is fully regulated
  • Diversified cryptocurrency offerings
  • Intuitive platform with high degree of customisation
Minimum Deposit
20.00€
Deposit Protection
20,000.00€
Amount of Currencies
20
BTC/USD Spread
variable
Visit Site
T&Cs apply, 21+
Payment Methods
Neteller
Skrill
Visa
+
License
CySEC - Cyprus Securities and Exchange Commission
Show less
HYCM
4.
Favicon
4.6/5
  • Access to a number of major cryptocurrencies
  • Leverage of 1:20
  • Crypto available on both the MT4 and MT5 platform
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 21+
License
FCA - Financial Conduct Authority
Show More
FP-Markets
5.
Favicon
4.6/5
  • 12 cryptocurrencies to trade
  • Trade crypto CFDs
  • Good for newcomers to crypto trading
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Amount of Currencies
12
BTC/USD Spread
62
Visit Site
T&Cs apply, 21+
Payment Methods
Neteller
PayPal
Bank Transfer
+
Apps
License
ASIC - Australian Securities and Investments Commission
Show More
Capital.com
Recommended
Favicon
4.5/5
  • Insightful training guides and articles
  • No commission fees
  • Risk-free demo account
Minimum Deposit
20.00€
Contract Fee
2.00€
Deposit Protection
20,000.00€
Demo Account Available
Yes
Visit Site
Payment Methods
Applepay
Visa
Mastercard
+
Apps
80.84%% of retail investors lose money.
Show less
Capital.com
Recommended
Favicon
4.7/5
  • A choice of trading platforms, including MT4
  • No commission fees and no inactivity charges
  • A wide range of resources and training materials
Minimum Deposit
20.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:30
Trading Platforms
MT4
Web
Visit Site
Payment Methods
Applepay
Visa
Mastercard
+
Apps
80.84%% of retail investors lose money.
Show less
IronFX
Hot Offer
Favicon
4.6/5
  • Niche forex CFDs available
  • Leverage of up to 1:1000
  • Great choice of assets
Minimum Deposit
$100.00
Deposit Protection
£50,000.00
Maximum Leverage
1:200
Trading Platforms
Android
iOS
MT4
Web
Visit Site
T&Cs apply, 21+
Payment Methods
Credit Card
Neteller
Skrill
+
Apps
License
FCA - Financial Conduct Authority
Show less
IQ Option
Hot Offer
Favicon
4.6/5
  • Free demo account to practice forex trading strategies
  • Up to 1:30 leveraged trading for forex users
  • Reliable pricing throughout the forex market
Minimum Deposit
20.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Custom
Visit Site
T&Cs apply, 21+
Payment Methods
Neteller
Skrill
Visa
+
License
CySEC - Cyprus Securities and Exchange Commission
Show less
TMGM
4.
Favicon
4.5/5
  • Fast execution of trades
  • The market is catered to all traders and is open 24/5
  • Thin spreads available
Minimum Deposit
Deposit Protection
Maximum Leverage
Visit Site
T&Cs apply, 21+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show More
FP-Markets
5.
Favicon
4.5/5
  • 70+ forex pairings
  • Leverage up to 500:1
  • Many exotic forex pairs
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:500
Trading Platforms
Android
iOS
MT4
MT5
Custom
Visit Site
T&Cs apply, 21+
Payment Methods
Neteller
PayPal
Bank Transfer
+
Apps
License
ASIC - Australian Securities and Investments Commission
Show More
WBroker
Recommended
Favicon
4.8/5
  • Plenty of ETFs
  • Low trading costs
  • Major exchanges featured
Minimum Deposit
Order Fee National
Licence
SFC - Securities & Futures Commission of Hong Kong
Saving Plans Available
No
Visit Site
T&Cs apply, 21+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
Capital.com
Hot Offer
Favicon
4.5/5
  • A wealth of online resources
  • Commission-free trading
  • Artificial intelligence to assess trade progress
Minimum Deposit
20.00€
Order Fee National
Licence
Saving Plans Available
No
Visit Site
Payment Methods
Applepay
Visa
Mastercard
+
Apps
80.84%% of retail investors lose money.
Show less
HYCM
Hot Offer
Favicon
4.0/5
  • 11 different global exchange-traded funds
  • Minimum spread as low as 10
  • Experience innovative online ETF trading with MT5 platform
Minimum Deposit
Order Fee National
Licence
FCA - Financial Conduct Authority
Saving Plans Available
No
Visit Site
T&Cs apply, 21+
License
FCA - Financial Conduct Authority
Show less
Avatrade
4.
Favicon
4.0/5
  • Low spreads with 5:1 leverage
  • A large variety of ETFs to trade, along with indices and stocks
  • High-quality customer service, education material and research tools
Minimum Deposit
250.00€
Order Fee National
0.13%
Licence
CBI - Central Bank of Ireland
Saving Plans Available
No
Visit Site
T&Cs apply, 21+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show More
Interactive Brokers
5.
Favicon
  • Huge selection of ETFs and stocks to trade in
  • Advanced Market Scanner
  • Make trading decisions based on your personal values
Minimum Deposit
$0.00
Order Fee National
1.00€ + 0.05%
Licence
SEC - U.S. Securities and Exchange Commission
Saving Plans Available
Yes
T&Cs apply, 21+
Payment Methods
Bank Transfer
Visa
Mastercard
License
SEC - U.S. Securities and Exchange Commission
Show More

Online Broker Reviews – How We Test

We aim to provide you with insightful and thorough broker reviews. That way you have all the necessary information at your disposal to make an informed decision about what’s right for you. You’ll rest easy knowing you did so by using a comparative, objective point of view.

In our reviews, you’ll find a range of facets we take into account. We provide overall ratings to each broker based on their performance in these categories. The following sections refer to some of the categories we use for our objective testing and it’s what you can expect to find when reading our online broker tests.

Usability

We take great pride in offering you a user-friendly and hopefully, enlightening, experience on our website. We expect the same from the online brokers offering their services to you. By visiting the official websites and creating demo accounts, we’re able to identify which brokers offer customers the best user experience. Ease of navigation and low-latency is important, especially when you’re trading on a daily basis. You’ll want to know that your chosen broker is able to provide a consistent interface that is innovative and intuitive.

Trading Platforms 

One of the most important aspects of an online broker is the trading platforms employed. Nowadays, you can expect a range of different platforms, each serving a certain trader or trading product. However, the standardized platforms one can expect include a web, desktop, and mobile platform. These three provide users with sufficient access wherever they may find themselves. We’ll assess the strengths and weaknesses of each platform and rate them accordingly.

Payments and Deposit Protection 

Funding your account shouldn’t be a hassle and you’ll definitely want to know that your money is safely secured. We’ll do a deep dive into the security measures and protocols put in place by each online broker. Sensitive information must be encrypted and stored securely. We’ll identify which type of security certificates are in the possession of the brokers, and list all possible payment methods. Nowadays, it’s relatively easy funding an online account. We’ll outline the steps you need to take in order to link your broker account with your chosen payment method.

Customer Service 

We value our readers, and put special emphasis on the ability of providers to look after their own clients. A strong customer service department is a fundamental building block to the success of any online company. Staying engaged with clients and addressing any queries or problems is vital. We’ll outline all the available contact information and communication avenues at your disposal. For traders, this is especially important. Trading can be an around-the-clock endeavor and we’ll ensure you know exactly how to get hold of your provider, no matter the time of day.

Trading Products 

A large slice of our broker reviews analyze the trading products on offer by each respective broker. Whether you’re looking for the best online futures brokers or the best online broker for gold, we will outline the available trading products that you can expect to trade with if you sign up with a broker. We’ll provide you with clarity on the pricing of each trading product and to what degree, you have access to various exchanges. We’ll link this to the available platforms you have at your fingertips and which go hand in hand.

Conclusion – Broker Reviews Round Up

We hope that you find our online broker reviews helpful and that they act as a guide in your decision-making process. The broker reviews will be updated to reflect accurate, current information and you’ll always have up-to-date online broker deals and promotions available at the click of a button. We’re set on providing our readers with expert tips and knowledgeable reviews that make your life easier.

To end off, we’d like to mention that choosing an online broker should be an exciting experience. The world of online trading might be volatile and unexpected at times, but it’s stimulating and empowering too. Having the ability to manage your own finances and make accurate, informed choices is a fantastic thing. In order to do so, you’ll need a broker that you can trust. Our broker reviews will provide you with just that – an online broker with the right capabilities.

Top Crypto Sites
WBroker
WBroker
WBroker Review
4.8/5
Capital.com
Capital.com
Capital.com Review
4.7/5
IQ Option
IQ Option
IQ Option Review
4.6/5
HYCM
4.6/5
FP-Markets
FP-Markets
FP-Markets Review
4.6/5
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Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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