Navigating the dynamic world of cryptocurrency can seem like stepping into a labyrinth for beginners. With countless platforms to choose from and a myriad of cryptos to invest in, where does one start? Fortunately, this article aims to shine a light on this path, serving as your guiding compass in the realm of digital currency. We'll take a deep dive into the top five crypto brokers for beginners in India, meticulously comparing them to arm you with the knowledge needed to make informed choices.
1
XM Group - Best for beginners in India
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
👍 Advantages of trading with XM Group for traders from India:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•No “markup” on narrow market spreads (broker's margins over the spread);
•Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•Around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group for traders from India:
•Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
2
TeleTrade - Best for beginners in India
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders from India:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders from India:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
3
Markets4you - Best for beginners in India
Forex4you (Markets4you) caters to a wide range of traders, offering different account types, including cent accounts and ECN accounts with tight spreads from 0.1 pips. The broker provides leverage of up to 1:2000, order execution speed from 0.1 sec, and access to over 150 trading instruments, including Forex pairs, indices, commodities, and stocks. Its proprietary copy trading platform, Share4you, allows traders to earn additional income by sharing their strategies or copying successful traders. Additional features like cashback, bonuses, and partnership programs further enhance the trading experience.
Markets4you doesn't accept clients from the U.S., Canada, Japan, and EU countries, but it presents a compelling option for eligible traders seeking a well-rounded trading experience.
👍 Advantages of trading with Markets4you for traders from India:
•best trading conditions for novice traders;
•no trading restrictions on scalping and algorithmic trading;
•the possibility of passive income - social trading platform Share4you;
•the broker has an insurance for $10 million on a contingency basis;
•there are cent accounts with a minimum transaction amount of 2 cents.
•customer support responds to customer inquiries within 8 hours, even on weekends.
👎 Disadvantages of Markets4you for traders from India:
•Relatively high fixed fees on Pro accounts.
•Traders from the U.S, Canada, Japan, and EU countries cannot use services of the broker.
4
LiteFinance - Best for beginners in India
The LiteForex (LiteFinance) broker is a high-tech company that constantly offers innovative solutions for active and passive trading. The LiteForex group of companies was incorporated in 2005, and it has risen through the ranks to become a market leader. Today, LiteForex (LiteFinance) is an online ECN broker with unique technical solutions for transferring transactions to the interbank and directly to liquidity providers. Social Trading is a mechanism for automatic copying of other traders’ transactions (see, SocialTrading platform) and other advantages for comfortable and efficient trading. LiteForex Broker is one of the largest and leading brokers in Malaysia.
👍 Advantages of trading with LiteFinance for traders from India:
•Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders and pin spreads with instant market execution with minimal slippage in both directions;
•Own trading platform for personal accounts that was designed for novice traders with the ability to copy transactions, analyze market sentiment, etc.;
•Several types of affiliate programs with a multi-level system and cashback;
•Automatic reimbursement of commissions paid when replenishing and withdrawing money.
👎 Disadvantages of LiteFinance for traders from India:
•No cent accounts, which are often of interest to novice traders;
•Supplement of additional indicators is not provided in the trading platform of your personal account; algorithmic trading and testing are not provided;
•There is no information on how the risk level is assigned to traders from the social trading rating;
•Complex verification procedure.
5
WForex - Best for beginners in India
WForex is a broker operating on the market for 12 years. The company carries on its activity in 50 countries in the world. It is a member of the Financial Commission for Dispute Resolution in the field of financial services in the international exchange market. World Forex coops with front developers, introducing modern tools that provide traders with safe and uninterrupted trading. The company is admitted as the best Forex digital contract broker.
👍 Advantages of trading with WForex for traders from India:
•bonus 100% for replenishment;
•commissions compensation when depositing;
•low barrier for entry — you can deposit $1;
•Safe-box account — high interests for trader's funds, free-and-easy converting and cash transferring between your trade accounts according to official bank rates;
•making transactions with ECN/STP technologies avoid a conflict of interest between the broker and the trader;
•auto trading is available;
•wide range of replenishment and withdrawal systems;
•own developed course "Forex Guide for the trader";
•the ability to trade digital contracts provides a potential profit of 100%.
👎 Disadvantages of WForex for traders from India:
•no search box on the website;
•there is no forum for communication between traders, but you can use the Traders Union forum, where traders from all over the world communicate;
•the support service may take several hours to respond
•the training section can be amended with video courses and training articles.
TOP 5 Comparison
This table makes it easy to compare the best crypto brokers for beginners in India for 2025 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| XM Group | TeleTrade | Markets4you | LiteFinance | WForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, MT5 |
MT4, Mobile Trading, MT5 |
MT4, MT5, MultiTerminal, Sirix Webtrader |
MT4, WebTrader, Android, iPhone, MAC platform |
|
Min deposit |
$5 |
$10 |
No |
$10 |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:10 |
From 1:1 |
From 1:33 |
|
Trust management |
No |
No |
No |
Yes |
No |
|
Accrual of % on the balance |
No |
No |
No |
7.00% |
No |
|
Spread |
From 0.8 points |
From 0.2 points |
From 0.1 points |
From 0.5 points |
From 0.2 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
Yes |
Yes |
Yes |
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
XM Group Commissions and Fees
Traders Union analysts have analyzed the main and additional commissions for each XM Broker account. There are no additional commissions on all accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Ultra Low |
From 6 USD |
No |
|
Zero |
From 0 USD |
No |
TeleTrade Commissions and Fees
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$17 |
No |
|
NDD |
$9 |
No |
|
ECN |
$2 |
No |
|
Cryptocurrency account |
$3 |
No |
Markets4you Commissions and Fees
Traders Union experts analyzed Markets4you trading conditions. Cent Pro and Classic Pro have fixed fees per each full lot of $0.1 and $8 respectively in addition to spreads. There are no deposit fees, but withdrawal fees are 0.8-2.5% subject to the payment method.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Cent Pro |
From $0.01 |
Yes |
|
Classic Pro |
From $1 |
Yes |
|
Classic Standard |
from $9 |
Yes |
LiteFinance Commissions and Fees
Traders Union analytics analyzed LiteForex (LiteFinance) offer and trading conditions for explicit and hidden commissions. The main commissions — spread and commission on an ECN account — from US$5 per 1 lot. There are no commissions for depositing and withdrawing from an account as LiteForex (LiteFinance) pays it to your trading account.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Classic |
From $18 |
No |
|
ECN |
From $0 |
No |
WForex Commissions and Fees
Traders Union analysts examined the conditions offered by the World Forex broker to identify hidden trading and non-trading commissions. A spread was chosen as the basis for assessing the trading commission, and a withdrawal fee was analyzed to determine the non-trading commission. The replenishment fee is absent in all accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
W-Cent |
From 1.8$ |
Yes |
|
W-Profi |
From 18$ |
Yes |
|
W-Instant |
From 20$ |
Yes |
|
W-ECN |
From 2$ |
Yes |
How to choose a crypto broker for beginners in India
Choosing the right cryptocurrency broker in India as a beginner is one of the most essential steps in your crypto journey. All cryptocurrency investments come with risks, and it's crucial to minimize them by selecting a reputable broker. Here are some key factors to consider when choosing a crypto broker in India:
Security and safety
Prioritize the security of your investments. Look for a broker that offers robust security features such as two-factor authentication (2FA), encryption, and cold storage for your funds. Research the broker's history to see if they've experienced security breaches in the past. Additionally, ensure that they comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, as this helps protect against fraudulent activities.
Range of supported cryptocurrencies
Consider what cryptocurrencies you intend to trade. Some brokers offer a wide range of cryptocurrencies, while others focus on a select few. Choose a broker that supports the coins you're interested in. Remember that more established cryptocurrencies like Bitcoin and Ethereum are often available on most platforms, but if you're interested in lesser-known coins, do your research to find a broker that offers them.
Fees and charges
Understand the fee structure of the broker. Brokers charge fees for transactions, withdrawals, and other services. Look for transparency in fee disclosures and compare the fees with other brokers. Low fees might be attractive, but also consider the overall value provided by the platform, including security and customer support.
Reputation and reviews
The best crypto brokers for beginners in India will have a good reputation both online and offline. Read online reviews and user experiences to get an idea of how other people have fared with the platform. Look for any red flags, such as a history of technical issues, poor customer service, or hidden fees. A well-established, reputable broker is generally a safer choice, especially for beginners.
Ease of withdrawals and deposits
How easy is it to deposit and withdraw funds from the platform? Look for a broker that offers multiple payment methods, such as credit cards, bank transfers, and e-wallets. Also, consider the withdrawal process; some brokers may have extended processing times or high withdrawal fees.
Is crypto trading legal in India in 2025?
As of October 2024, trading and investing in cryptocurrencies is allowed in India. However, cryptocurrencies are not recognized as legal tender in the country and are not regulated by the Reserve Bank of India. As a result, it is still a gray area as the Indian government has yet to pass any specific legislation or regulatory framework governing the use and trading of cryptocurrencies. But remember to stay updated on any changes in laws and regulations that may impact the legality of crypto trading in India.
Is crypto trading taxable in India 2025?
Yes, cryptocurrency trading is taxable in India in 2025. The Indian government introduced a taxation framework for Virtual Digital Assets (VDAs), including cryptocurrencies, in the 2022 budget. The gains from trading, selling, or swapping cryptocurrencies are subject to a flat tax rate of 30% (plus applicable surcharge and 4% cess) on profits made on or after April 1, 2022. This tax rate applies irrespective of whether the income is treated as capital gains or business income.
In addition to the flat tax rate, there is a 1% Tax Deducted at Source (TDS) on the transfer of crypto assets if the transaction exceeds INR 50,000 in a financial year (or INR 10,000 in some instances). Indian exchanges automatically deduct this TDS, while individuals trading on foreign exchanges have to file their TDS returns manually[3][5].
Remember that cryptocurrency transactions are also subject to other taxes, such as Income Tax at the individual slab rate for specified transactions likely to be considered additional income, including mining and staking rewards or airdrops of crypto.
Pros and cons of crypto trading for beginners
Trading crypto is not a get-rich-quick scheme. It requires patience, knowledge, and understanding of market trends. However, it can also be an exciting and profitable venture for beginners. Here are some pros and cons to consider before diving into crypto trading:
Pros of crypto trading
Potential for high returns. Cryptocurrencies have seen significant price leaps, and some investors have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies. With a good understanding of market trends and careful investment strategies, it is possible to earn high profits in the crypto market.
Decentralized market. Unlike traditional financial markets, the cryptocurrency market is decentralized, meaning there is no central authority or government controlling the market. This decentralization provides more freedom and flexibility for traders to make their own decisions without being influenced by external factors such as government policies or regulations.
24/7 Market. The cryptocurrency market operates 24 hours a day, seven days a week, unlike traditional markets that operate on specific business hours. This allows traders the convenience of trading at any time, making it easier to manage and track their investments.
Low barrier to entry. Cryptocurrency trading has a relatively low barrier to entry compared to traditional financial markets. Most exchanges do not require high minimum deposits, and there are no restrictions on who can invest in cryptocurrencies.
Cons of crypto trading
High volatility. While the potential for high returns is attractive, the crypto market is highly volatile, meaning prices can fluctuate significantly in a short period. This level of volatility can result in significant gains or losses and requires traders to be cautious with their investments.
Lack of regulation. Due to its decentralized nature, the crypto market is largely unregulated, leading to potential security risks and scams. This lack of regulation also means there are no safety nets or protections for traders if something goes wrong.
Technical knowledge required. Cryptocurrency trading requires a certain level of technical knowledge, such as understanding blockchain technology and how to use digital wallets. Without this knowledge, it can be challenging for beginners to navigate the market.
Hacking risks. With all transactions being conducted online, there is always a risk of hacking and cyber attacks in the crypto market. Traders must take extra precautions to secure their digital assets and personal information.
Market manipulation. Market manipulation remains a substantial problem in cryptocurrency, with influential people, organizations, and even bots manipulating prices and trends for their benefit. This can make it challenging to accurately predict market movements.
How to start crypto trading for beginners in India?
Step 1: Educate yourself
Before venturing into crypto trading, dedicate time to learning about the basics of cryptocurrencies, blockchain technology, and how the trading process works. Understand the risks involved and keep abreast with the latest news and trends in the crypto market. You should also familiarize yourself with different trading strategies and techniques to help you make informed decisions.
Step 2: Choose the right trading platform
Select a reputable crypto trading platform that offers a user-friendly interface, strong security measures, a wide range of cryptocurrencies, and excellent customer support. Some popular platforms in India include WazirX, CoinDCX, and Binance.
Step 3: Set up your trading account
Once you've chosen a platform, set up a trading account. This usually involves providing some personal information and complying with KYC (Know Your Customer) procedures, as required by the platform.
Step 4: Start with a demo account
Most platforms offer a demo account with virtual funds. This allows you to practice trading without risking any real money. Utilize this feature to get comfortable with placing trades and understanding market trends.
Step 5: Begin trading
After practicing with a demo account, you can start actual trading. Consider starting with small investments and gradually increasing your portfolio as your confidence and skills improve. Always remember the risks involved, and never invest more than you are willing to lose.
Can I start crypto trading in India without investment?
Yes, you can start crypto trading in India without any initial investment. While this may limit your trading options, there are several ways to start earning from cryptocurrency for free. Some of these include:
Airdrops
Airdrops are a way to receive free cryptocurrency tokens. Companies or projects distribute these tokens to the crypto community for various reasons, often to promote their project or reward users. To participate in airdrops, you must sign up for the project's newsletters or follow their social media channels. When they distribute tokens, you'll receive them in your wallet. However, not all airdrops are valuable, and you may need to do some research to find the legitimate ones.
Faucets
Crypto faucets are websites or apps that dispense small amounts of cryptocurrency for free. To get started, you need to visit a crypto faucet and complete simple tasks like solving captchas or playing games. In return, you'll receive a small amount of cryptocurrency. Faucets are a slow way to accumulate crypto, but they can be a fun and educational way to get started without any investment.
Staking and yield farming
Staking involves holding and "locking up" a specific cryptocurrency in a wallet to support the network's operations. In return, you earn rewards in the same cryptocurrency or another token. Yield farming, on the other hand, involves providing liquidity to decentralized finance (DeFi) platforms and earning rewards. Both of these methods allow you to earn passive income from your existing crypto holdings.
Referral programs
Some cryptocurrency exchanges and platforms offer referral programs that reward you for referring new users. When someone signs up using your referral link, you may receive a percentage of their trading fees or a one-time bonus. Promoting the platform to friends and followers can help you earn some cryptocurrency without investing your own money.
Bounty programs
Some blockchain projects offer bounty programs to reward users for contributing in various ways, such as bug hunting, content creation, or community engagement. By actively participating in these programs, you can earn tokens that can be traded or sold on exchanges. It's a great way to earn crypto for your skills and contributions.
Earn through content creation
If you're a content creator, you can earn cryptocurrency through platforms that reward users for content, such as Steemit or Hive. These platforms allow you to publish articles, videos, or other content, and you'll receive rewards based on the engagement and quality of your work.
Summary
Many brokers are available for traders from India, but not all of them offer good conditions. In this review, TU experts chose the Best crypto brokers for beginners in India 2025. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Crypto Brokers For Beginners in India
| XM Group | TeleTrade | Markets4you | LiteFinance | WForex | |
|---|---|---|---|---|---|
|
Overall score |
9 |
8.6 |
8.3 |
7.87 |
7.05 |
|
Execution of orders |
9.35 |
3.21 |
8.65 |
7 |
7.25 |
|
Investment instruments |
9.2 |
4.7 |
6.8 |
9.4 |
4.7 |
|
Withdrawal speed |
7 |
7 |
5 |
8 |
4 |
|
Customer Support work |
8.7 |
8.41 |
8.5 |
6.9 |
8.31 |
|
Variety of instruments |
8.02 |
8.75 |
5.77 |
8.75 |
8.75 |
|
Trading platform |
8.9 |
8.29 |
9.22 |
7.43 |
5.53 |
|
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FAQ
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Best Crypto Brokers For Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.