Best ECN Brokers in India in 2024

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.

8.29

Your capital is at risk.
Please note that your capital is at risk.

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.

7.64

Your capital is at risk.

FP Markets provides its services worldwide and adjusts its trading conditions subject to the requirements of supervisory authorities.

7.76

Your capital is at risk.
74.1% of retail investor accounts lose money when trading CFDs with this provider.

Axi is a reliable brokerage with years of experience, holding three licenses in different jurisdictions. It offers accounts for traders of all experience levels, along with education and tools to enhance trading efficiency.

6.71

Your capital is at risk.

LiteForex (LiteFinance) is more in demand by traders who already have basic trading skills like professional traders and those who are interested in passive investing.

Best ECN brokers in India in 2024

	IC Markets	Pepperstone	FP Markets	Axi	LiteForex
Trading platform	MetaTrader 4, MetaTrader 5, TradingView and cTrader	cTrader, TradingView, MetaTrader 4 and MetaTrader 5	MetaTrader 4, MetaTrader 5, cTrader, and Iress for Australian residents	MT4 desktop, MT4 mobile app, MT4 WebTrader, Axi Mobile app	МТ4, МТ5, own platform integrated in the personal account.
Min deposit	$200	$1	$100	No	$10
Leverage	From 1:1 to 1:500	From 1:1 to 1:400	From 1:1 to 1:500	From 1:1 to 1:500	From 1:1 to 1:1000
Trust management	No	No	No	No	Yes
Accrual of % on the balance	0.00%	0.00%	0.00%	0.00%	7.00%
Spread	From 0.0 points	From 0.0 points	From 0.0 points	From 0.0 points	From 0.5 points
Level of margin call / stop out	100% / 50%	90% / 20%	No	90% / 20%	50% / 20%
Execution of orders	Market Execution	Instant Execution	Market Execution	Market Execution	Market Execution, Instant Execution
No deposit bonus	No	No	No	No	No
Cent accounts	No	No	No	No	Yes

ECN is an electronic communication network which is used to process the trades of traders. There is no dealing, which is used by classical brokers. Such companies earn a profit exclusively from the fees paid by the traders. Therefore, they are directly interested in making sure that the client trades as long as possible and does not lose the deposit fast.

The ECN technology does not allow the broker to interfere with the process in any way. Traders work directly with the liquidity providers, i.e. the largest banks and financial institutions. Liquidity improvement is achieved through an increased number of trades, and not the trading volume. The spreads are floating on ECN accounts and they are better compared to classical brokers with dealing centers.

1
Best ECN broker in India - IC Markets

IC Markets is a multi-regulated STP/ECN broker that offers trading of 2,250+ instruments on MetaTrader, TradingView and cTrader platforms. Currently, IC Markets provides its services to over 200,000 clients worldwide. The broker processes over 500,000 trades daily and its monthly trading volume is almost $1.4 trillion as of June 2024. It is regulated by CySEC, ASIC, and FSA. The broker was incorporated in 2007 and is constantly developing, improving, and adding new services and products.

👍 Advantages of trading with IC Markets for traders from India:

•Availability of three licenses;

•Wide range of assets;

•Standard and ECN account types for trading on different platforms;

•Mobile apps for Android and iOS-based devices;

•Scalping, hedging, and algorithmic trading are allowed;

•Minimum delay when executing orders and ultra-fast market execution;

•Competitive trading fees;

•Wide choice of social trading and copy trading platforms;

•24/7 support via live chat;

•Demo accounts on MT4, MT5, and cTrader;

•Swap-free accounts are available for Muslim traders.

👎 Disadvantages of IC Markets for traders from India:

•Education materials available on the website are not very informative or diverse;

•Rebates are available outside Australia and the European Economic Area;

•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.

IC Markets Commissions & Fees for traders from India

The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.

IC Markets Commissions and Fees in India

Account type	Spread (minimum value)	Withdrawal commision
Standard	$6	Bank fees apply
Raw spread MT4/MT5	$0	Bank fees apply
Raw spread cTrader	$0	Bank fees apply
Islamic	$0	Bank fees apply

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

2
Best ECN broker 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 from 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 from 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.

Pepperstone Commissions & Fees for traders from India

Pepperstone Commissions and Fees in India

Account type	Spread (minimum value)	Withdrawal commision
Razor	From $0	No
Standard	From $1	No

Your capital is at risk.
Please note that your capital is at risk.

3
Best ECN broker in India - FP Markets

The FP Markets trademark is managed by FP Markets LLC registered in 2019 in St.Vincent and the Grenadines under number 126 LLC 2019. It is part of FP Markets Group with its head office in Sydney which was opened in 2005. Today, the brokerage holding firm operates using ECN (Electronic Communication Network) and DMA (Direct Market Access) technologies. It is regulated by ASIC, MISA, FSCA | South Africa, FSA | Seychelles, and FSC | Mauritius. FP Markets offers over 10,000 CFDs, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Iress, and leverage up to 1:500. The broker doesn’t provide its services to residents of the U.S. and the countries that are on sanction lists.

👍 Advantages of trading with FP Markets for traders from India:

•Trading accounts in 10 currencies;

•Licenses from 5 jurisdictions;

•Negative balance protection for retail traders;

•Account types with different approaches to trading fee calculation;

•Copy trading, hedging, scalping, and expert advisors are allowed;

•Trading platforms customized for CFD and Forex trading;

•Wide choice of payment systems for making deposits and withdrawals.

👎 Disadvantages of FP Markets for traders from India:

•Cent accounts are not available;

•If the broker fails to fulfill its obligations, compensation for losses is available only to traders from the EU;

•Spreads on the Standard account are not the tightest on the market.

FP Markets Commissions & Fees for traders from India

FP Markets Commissions and Fees in India

Account type	Spread (minimum value)	Withdrawal commision
Standard	$10	Fees of payment systems and banks
Raw	$0	Fees of payment systems and banks

Your capital is at risk.

4
Best ECN broker in India - Axi

Axi is a multi-regulated Forex and CFD broker operating under licenses from ASIC (Australia - 127 606 348 ), FCA (United Kingdom - 466201), and DFSA (UAE - F003742), and is a member of The Financial Commission. Each division of Axi serves a specific region, with global traders transacting through the company registered in Saint Vincent and the Grenadines. Axi provides access to over 290 CFDs on stocks, commodities, cryptocurrencies, and shares. Specializing in the Forex market, the broker offers clients over 70 currency pairs with leverage up to 1:30, 1:400, or 1:500, depending on the regulator.

👍 Advantages of trading with Axi for traders from India:

•Compliance with strict FCA, ASIC, and DFSA regulations;

•No specific initial deposit requirements for Standard and Pro accounts;

•High execution speed and price aggregation from 20+ liquidity providers;

•5-digit quotes;

•Access to VPS, Autochartist, and an extended toolkit for MT4;

•Minimum trade size of 0.01 lots;

•No fees for deposits and withdrawals.

👎 Disadvantages of Axi for traders from India:

•Spreads on the Forex market are not the tightest;

•Demo accounts are provided for 30 days if the trader does not have a user account;

•The broker does not offer more advanced platforms like MT5 and cTrader, only MT4 is available.

Axi Commissions & Fees for traders from India

Axi Commissions and Fees in India

Account type	Spread (minimum value)	Withdrawal commision
Elite	From $0	No
Pro	From $0	No
Standard	From $9	No

Your capital is at risk.
74.1% of retail investor accounts lose money when trading CFDs with this provider.

5
Best ECN broker in India - LiteForex

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 LiteForex 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 LiteForex 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.

LiteForex Commissions & Fees for traders from India

LiteForex Commissions and Fees in India

Account type	Spread (minimum value)	Withdrawal commision
Classic	From $18	No
ECN	From $0	No

Your capital is at risk.