Many traders in India use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Futures Trading App in India for 2024, based on our assessments.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
InstaForex is the best option for traders with any level of experience. For active professional traders, there is a large pool of non-standard technological solutions for more accurate analysis. For novice traders, there are comfortable starting conditions, such as a $1 minimum deposit under the regulation of FSC and a $200 minimum deposit with the broker regulated by CySEC. There are PAMM accounts and social trading for investors.
Pepperstone is particularly suitable for novice market participants as well as more seasoned trading professionals. In general, the Pepperstone platform offers everything novice traders need for comfortable trading such as favorable conditions, reliability, a wide selection of trading options, along with an assortment of first rate educational materials.
GO Markets terms are more for experienced traders who prefer to trade CFDs with a little leverage.
Best Futures Trading App in India for 2024
| FxPro | InstaForex | Pepperstone | GO Markets | Solidary Markets FX | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading, MT5, cTrader, FxPro Edge |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
Mobile Trading, MT5, MT4, WebTrader |
SMFX Webtrader, SMFX MobileTrader |
|
Min deposit |
$100 |
$1 |
$1 |
$200 |
$50 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
Yes |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 0 points |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
25% / 20% |
30% / 10% |
90% / 20% |
80% / 50% |
200% / 100% |
|
Execution of orders |
Market Execution |
Instant Execution |
Instant Execution |
Instant Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
No |
1
Best Futures Apps in India - FxPro
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
👍 Advantages of trading with FxPro for traders in India:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders in India:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
2
Best Futures Apps in India - InstaForex
InstaForex is a leading broker with over 7,000,000 clients. The company provides access to 2,500+ trading instruments, including Forex pairs, stocks, indices, commodities, and cryptocurrencies. Clients can benefit from competitive spreads starting from 0 pips, leverage up to 1:1000, and access to non-standard technological solutions like synthetic securities. The average execution speed is 0.1 sec.
The broker offers a wide range of cryptocurrency CFDs, with over 70 instruments available and zero spreads on major cryptocurrencies. Additionally, it supports passive investment options including PAMM accounts, copy trading services, and unique offering - OYS portfolios.
The company provides responsive client support and insurance coverage up to €20,000 under European regulation.
👍 Advantages of trading with InstaForex for traders in India:
•2,500+ trading instruments, including non-standard assets, such as InstaFutures and synthetic securities.
•Passive investment products, including PAMM accounts and a copy trading service.
•Non-standard technological solutions such as InstaSpot (P2P spot trading), OYS account, Stock Basket, etc.
•European regulation and IFC compensation fund with guaranteed insurance coverage up to €20,000.
•Comfortable trading conditions, such as a $1 minimum deposit and leverage up to 1:1000, for clients of the FSC-regulated broker.
👎 Disadvantages of InstaForex for traders in India:
•Tough conditions for retail European traders due to regulations.
•The time gap between a trade executed by a trader and the one copied to the investor’s account in the social trading service can be up to 15 seconds.
3
Best Futures Apps in India - Pepperstone
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 (128), SCB
(SIA-F217), and CySec (388/20). Moreover,
with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking
institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
👍 Advantages of trading with Pepperstone for traders in India:
•Attractive trading conditions;
•Fast order execution - 30 ms on average;
•1,200+ trading instruments;
•Low fees; and
•No inactivity fee.
👎 Disadvantages of Pepperstone for traders in India:
•Support service works only 24/5;
•No cent account;
•Not available to US clients;
•Limited passive trading opportunities;
•Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;
•No news section; and
•Demo accounts can only trade for free for one month only.
4
Best Futures Apps in India - GO Markets
GO Markets is an international investment company with several representative offices regulated by СySec 322/17 (Cyprus) and FSC GB19024896 (Mauritius). It specializes in CFD transactions on currency pairs, indices, commodities, and metals. It offers Standard and ECN accounts, MetaTrader 4 and MetaTrader 5 terminals, access to professional analytics, and free training webinars. The GO Markets parent company was founded in 2006 and is regulated by ASIC.
👍 Advantages of trading with GO Markets for traders in India:
•The parent company has been in operation for decades and its activities are under the control of several regulators.
•The ability to trade with both classic and ECN accounts.
•Low deposit size on professional accounts.
•Free access to Trading Central analytics and MetaTrader Genesis tools.
•Low trading fees on all account types.
•There are no limitations on trading strategies.
•Free deposit and withdrawal of funds.
👎 Disadvantages of GO Markets for traders in India:
•Small maximum leverage of 1:30 on currency pairs.
•There are no cent accounts.
•Low-quality support in online chat.
5
Best Futures Apps in India - Solidary Markets FX
Solidary Markets FX was founded by a team of traders committed to giving back to society the best opportunities the financial markets could bring. The company promotes equal trading conditions, and in particular spread, commission, and accessible technologies, for every trader regardless of the account balance. Solidary Markets FX is not a market maker, but operates as a bridge with the interbank market excluding any conflict of interest with the company's customers and ensuring a fair trading environment.
Best Futures Trading App in India 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
FxPro - Education for Investors
Investment Education Online
Information
The information in the Education Section of the broker’s website is structured in a way to provide maximum information to both novice traders and professionals. For novice traders, the website offers basic courses on fundamental and technical analyses, reviews of indicators, and articles on the psychology of trading. For professionals there are news, daily analytics on individual assets, and market dynamics.
Any trader can test the tools on a demo account.
InstaForex - Education for Investors
Investment Education Online
Information
Educational materials can be found on the broker’s website in two sections. The “Novice Traders” section is designed for traders, who are just starting to grasp an understanding of the financial markets. The “Analytics” section provides additional materials for more experienced traders.
The broker's website contains analytical tools that for all traders from beginner to professional level.
The trader can access all information on the site from both the demo and trading accounts.
Pepperstone - Education for Investors
Investment Education Online
The Pepperstone.com website includes a tutorial section that contains the basic information necessary to understand the trading platform. Also, the trader can learn the basic terms and the fundamentals of market analysis. This will help you quickly get used to trading, as well as increase the efficiency and profitability of your trades.
For the practical application of the theoretical knowledge gained on the Pepperstone website, the company's specialists recommend opening a demo account. And after training on a demo account, you can start trading in the real market.
GO Markets - Education for Investors
Investment Education Online
The Education section on the website is for traders who need training in Forex trading. It describes the main points of working with currency pairs and offers video tutorials on MT4.
Also, there are forms for signing up for free webinars by specialists from the GO Markets Training Center in the Education block. A demo account is available to solidify theory in practice.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in India choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Futures Trading App in India 2024.
| FxPro | InstaForex | Pepperstone | GO Markets | Solidary Markets FX | |
|---|---|---|---|---|---|
|
Overall score |
8.5 |
7.83 |
8.29 |
7.18 |
5.01 |
|
Execution of orders |
8.25 |
8.85 |
9.15 |
5.35 |
1.19 |
|
Investment instruments |
8.9 |
7.1 |
9.58 |
7.31 |
8.35 |
|
Withdrawal speed |
6.5 |
6.9 |
8 |
8.57 |
8.16 |
|
Customer Support work |
8.9 |
7 |
6.98 |
7.24 |
4.37 |
|
Variety of instruments |
9.27 |
8.02 |
8.75 |
7.02 |
7.02 |
|
Trading platform |
9.2 |
9.1 |
7.29 |
7.57 |
0.97 |
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
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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.