In order to trade successfully, it is very important to choose the right broker. in India, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best cfd brokers for swap-free trading in India 2026. You can compare their features and trading conditions.
1
XM - Best for swap-free trading in India
XM is a globally recognized broker, operating in nearly 190 countries and serving over 15 million traders. In 2025, the company marks its 15th anniversary. It provides access to more than 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. Licensed by CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai), FSC (Belize), FSA (Seychelles), FSC (Mauritius), CMA (Kenya) and SCA (United Arab Emirates), XM offers a secure and regulated trading environment.
The broker ensures high-speed order execution without requotes, with 99.35% of trades executed almost instantly. Leverage is up to 1:1000 in some non-EU countries, while strict European compliance applies in other regions, and spreads start from 0.8 pips.
XM runs multiple bonus programs, adapts trading conditions to each client’s country, and provides negative balance protection. Accounts are available for traders of any level and strategy, and for passive income, the broker offers a copy trading platform for investors as well as experienced traders willing to share their strategies.
👍 Advantages of trading with XM for traders from India:
•Regulation in six jurisdictions;
•Accounts designed for different strategies and levels of trader experience;
•Minimum deposit of $5;
•Various bonuses, trading competitions, and an affiliate program;
•100% order execution;
•No markup on tight market spreads;
•Access to more than 1,400 instruments;
•No deposit or withdrawal fees;
•24/7 multilingual support in over 30 languages.
👎 Disadvantages of XM for traders from India:
•Copy trading and stock trading accounts are not available in all countries.
2
Pepperstone - Best for swap-free trading in India
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA, SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions.
👍 Advantages of trading with Pepperstone for traders from India:
•Attractive trading conditions.
•Fast order execution - 30 ms on average.
•1,200+ trading instruments.
•Low fees.
•No inactivity fee.
•Support service works only 24/7.
👎 Disadvantages of Pepperstone for traders from India:
•No cent account.
•Not available to US clients.
•Limited passive trading opportunities.
•Limited analytical materials available on the site.
•No news section.
•Demo accounts can trade for free for 60 days.
3
Vantage Markets - Best for swap-free trading in India
Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.
👍 Advantages of trading with Vantage Markets for traders from India:
•A vast array of trading instruments
•Licenses from four reputable regulators.
•Classic trading terminals and a proprietary mobile application.
•An extensive array of trading signals.
👎 Disadvantages of Vantage Markets for traders from India:
•Most customers are forced to cooperate with a branch that has an offshore license.
•Limited training and a lack of information on Forex trading.
•Snail-paced withdrawal of funds.
4
AMarkets - Best for swap-free trading in India
AMarkets provides a wide range of trading instruments, including Forex, stocks, commodities, and cryptocurrencies.
With average execution speeds of 35-50ms and floating spreads from 0 pips on the ECN account, it implements a low-latency environment suitable for high-frequency and scalping strategies. Leverage up to 1:3000 is available across account types. Traders can utilize advanced analytical tools like AutoChartist, Trade Analyzer, Sentiment Indicator, and a large database of EAs. The broker’s copy trading platform allows investors to seamlessly copy successful trading strategies. While offshore regulated, the broker offers additional security through a compensation fund and independent third-party audits. AMarkets LTD is registered and licensed as an international brokerage and clearing company in the Island of Mwali (Comoros) with license number T2023284 and supervised by the Mwali International Services Authority (MlSA).
AMarkets provides a robust environment for those looking for advanced trading conditions.
👍 Advantages of trading with AMarkets for traders from India:
•Order execution speed is 35–50 ms.
•Average market spreads from 0.3 pips.
•Newest passive investment platform.
•A set of analytical tools.
•Compensation fund.
👎 Disadvantages of AMarkets for traders from India:
•Expert advisors with basic settings are unprofitable.
•Launching templates without preliminary testing is strongly not advised.
•There is no information about how the rating of managers is formed.
5
Markets4you - Best for swap-free trading 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;
•the broker has an insurance for $10 million;
•there are cent accounts;
•customer support responds to customer inquiries within 8 hours 24/7.
👎 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.
TOP 5 Comparison
This table makes it easy to compare the best cfd brokers for swap-free trading in India for 2026 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 | Pepperstone | Vantage Markets | AMarkets | Markets4you | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
MT4, MT5, TradingView, ProTrader, Vantage App |
MT4, MT5, AMarkets App |
MT4, Mobile Trading, MT5 |
|
Min deposit |
$5 |
$1 |
$50 |
$100 |
No |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.8 points |
From 0 points |
From 0 points |
From 0 points |
From 0.1 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
$30 |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
No |
No |
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 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 |
Pepperstone Commissions and Fees
Pepperstone’s commissions and fee structure has been reviewed by our professional analysts for trading and non-trading commissions. The company's spread was considered as a trading commission. Our professional analysts also categorized additional fees charged for withdrawing funds as non-trading commission additional fees.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Razor |
From $0 |
No |
|
Standard |
From $1 |
No |
Vantage Markets Commissions and Fees
Experts at the Traders Union analyzed the trading and non-trading fees of the Vantage Markets broker. A spread is used for a standard STP account. The minimum size is 1 pip. For ECN accounts, spreads are not used, instead, a flat fee is applied. Its size is:
-
RAW ECN — 3 USD per lot;
-
Pro ECN — 1.5 USD per lot.
The broker also has swaps — a fee for transferring positions to the next day, which is charged at 00:00 GMT. There are no fees for depositing or withdrawing funds from the Vantage Markets broker.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard STP |
From $10 |
No |
|
RAW ECN |
From $0 |
No |
|
Pro ECN |
From $0 |
No |
|
Swap Free |
From $0 |
No |
AMarkets Commissions and Fees
Traders Union analysts have analyzed trading conditions and the offer of AMarkets to check for evident and hidden fees. There are no hidden fees and the deposit fee is not charged. The broker charges a withdrawal fee, which depends on the type of the transfer and the payment system. On average, the fee ranges from 0.5% to 0,5-1.8% and does not depend on the account type.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from 13$ |
Yes |
|
Fixed |
from 30$ |
Yes |
|
ECN |
from 0$ |
Yes |
|
Zero |
from 0$ |
Yes |
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 |
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 cfd brokers for swap-free trading in India 2026. 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 CFD Brokers For Swap-Free Trading in India
| XM | Pepperstone | Vantage Markets | AMarkets | Markets4you | |
|---|---|---|---|---|---|
|
Overall score |
9.3 |
9.25 |
8.8 |
7.6 |
8.4 |
|
Execution of orders |
9.35 |
9.15 |
4.52 |
8.4 |
8.65 |
|
Investment instruments |
10 |
10 |
10 |
5.3 |
6.8 |
|
Withdrawal speed |
7 |
7 |
7 |
8 |
5 |
|
Customer Support work |
9.6 |
7 |
9.9 |
8.1 |
8.5 |
|
Variety of instruments |
8.02 |
6.32 |
6.34 |
8.02 |
6.21 |
|
Trading platform |
8.9 |
7.3 |
4.3 |
6.4 |
9.2 |
|
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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.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Best CFD Brokers For Swap-Free Trading 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.
