#1 Rated Broker

LHV

Capital at risk · T&Cs apply

22 brokers ranked No paid placements

Best ETF Brokers in India 2026

Top ETF brokers accepting traders from India. Compare commission, ETF range, fractional shares, and account minimums.

Updated 28 May 2026Rankings are editorially independent — never influenced by commercial partnerships

Based on our 2026 quantitative rating of 22 brokers, LHV (3.36/5), Longbridge, and Sarwa rank as the top choices. LHV leads with regulation from Finantsinspektsioon, FCA and 0 pips min spread. Rankings are calculated algorithmically — no paid placements.

#1 LHV — 3.36/5 · Regulated: Finantsinspektsioon, FCA · Min deposit: $0
#2 Longbridge — 3.36/5 · Regulated: SFC, MAS
#3 Sarwa — 3.34/5 · Regulated: DFSA, SEC

Filter by market

Sort by

22 brokers

Top Picks

🥇🥈🥉

LHV

FCAFinantsinspektsioon

3.4/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Estonian Finantsinspektsioon and FCA regulated
Nasdaq Baltic, Helsinki, Stockholm access

Fees Regulation

Visit Broker Review

Longbridge

MASSFC

3.4/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Modern mobile-first platform
Options trading with advanced tools

Fees Regulation

Visit Broker Review

Sarwa

SECDFSA

3.3/ 5

Min. Deposit

$500

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

USD and AED accounts
Islamic portfolios available

Fees Regulation

Visit Broker Review

Also Ranked — 19 brokers

RHB Securities

MASSC Malaysia

3.3/ 5

Min. Deposit

Max Leverage

1:2

Spreads From

0 pips

Commission

0.1

One of Malaysia's largest banks
Bursa Malaysia full access

Fees Regulation

Visit Broker Review

Motilal Oswal

SEBI

3.3/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Strong research and advisory
SEBI regulated since 1987

Fees Regulation

Visit Broker Review

EasyEquities

FSCA

3.2/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

0.25

1M+ South African users
EasyProperties for real estate

Fees Regulation

Visit Broker Review

SBI Securities

FSA

3.2/ 5

Min. Deposit

Max Leverage

1:3

Spreads From

0 pips

Commission

Commission-free

FSA regulated
Zero commission Japanese stocks

Fees Regulation

Visit Broker Review

CoinSwitch

FIU

3.1/ 5

Min. Deposit

$100

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

FIU-IND registered
CoinSwitch Pro for advanced traders

Fees Regulation

Visit Broker Review

Paytm Money

SEBI

3.1/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

SEBI regulated
Mutual funds and NPS access

Fees Regulation

Visit Broker Review

#10

Fortuneo

AMFACPR

3.1/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

AMF and ACPR regulated
Integrated banking

Fees Regulation

Visit Broker Review

#11

Axis Securities

SEBI

3.1/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Zero brokerage on equity delivery
Mutual funds and NPS access

Fees Regulation

Visit Broker Review

#12

IIFL Securities

SEBI

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Integrated financial services
3M+ clients

Fees Regulation

Visit Broker Review

#13

Samco Securities

SEBI

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Zero brokerage on equity delivery
Margin trading facility

Fees Regulation

Visit Broker Review

#14

5paisa

SEBI

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Flat ₹20 per order brokerage
SEBI regulated

Fees Regulation

Visit Broker Review

#15

Nuvama

SEBI

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.3

SEBI regulated since 1994 (formerly Edelweiss)
NRI services

Fees Regulation

Visit Broker Review

#16

Daman Securities

SCA

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.15

ADX and DFM access
FTSE ADX 15 and UAE blue-chip stocks

Fees Regulation

Visit Broker Review

#17

Dhan

SEBI

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Instant account opening
India's fastest-growing broker — 1M+ clients in 3 years

Fees Regulation

Visit Broker Review

#18

Freetrade

FCA

3.0/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Clean, simple mobile app
Commission-free stock trading

Fees Regulation

Visit Broker Review

#19

Fyers

SEBI

3.0/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

SEBI regulated since 2015
Flat Rs 20 per F&O order

Fees Regulation

Visit Broker Review

#20

Rakuten Trade

2.9/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

0.1

US market via Rakuten Securities
Competitive fees

Fees Regulation

Visit Broker Review

#21

Baraka

DFSA

2.8/ 5

Min. Deposit

Max Leverage

1:1

Spreads From

0 pips

Commission

Commission-free

Modern mobile-first UX
Sharia-compliant portfolios

Fees Regulation

Visit Broker Review

#22

Bajaj Broking

SEBI

2.8/ 5

Min. Deposit

Max Leverage

1:5

Spreads From

0 pips

Commission

Commission-free

Rapid growth since 2023 launch
Bajaj ecosystem integration (insurance, loans)

Fees Regulation

Visit Broker Review

Frequently Asked Questions

How do we rank brokers?

Our rankings use a weighted algorithm covering regulation (25%), fees (20%), platform quality (15%), market variety (10%), trust/longevity (15%), and user experience (15%). Scores are recalculated every 24 hours.

How often are rankings updated?

Rankings are refreshed every 24 hours using live broker data and our AI-powered content pipeline.

Are these rankings paid placements?

No. Positions are determined solely by our scoring algorithm. We may earn affiliate commissions when you click through to a broker, but this does not influence rankings.

What is the minimum deposit to trade forex in India?

20 brokers on this list accept traders from India with no minimum deposit ($0). The lowest non-zero minimum deposit among brokers available in India is $100. For better risk management and position sizing, most experts recommend starting with at least $100–$200 regardless of the broker's minimum.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, LHV currently ranks #1 with a score of 3.4/5. Scores are recalculated every 24 hours as broker data changes.

Our #1 pick for 2026

LHV

FCA3.4/5

Visit Broker Full Review

How do we rank brokers?

Our algorithm weights regulation (25%), fees (20%), platform (15%), markets (10%), trust (15%) and UX (15%). No paid placements — ever.

Full methodology

Trading involves risk of loss. Rankings are for informational purposes only — not financial advice. Full risk disclosure.

Our Partner Brokers

View all rankings

We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.

FxPro

4.1

FCA

Visit

3.9

FCA

Visit

Libertex

3.7

Visit

Best ETF Brokers in India 2026

LHV

Longbridge

Sarwa

RHB Securities

Motilal Oswal

EasyEquities

SBI Securities

CoinSwitch

Paytm Money

Fortuneo

Axis Securities

IIFL Securities

Samco Securities

5paisa

Nuvama

Daman Securities

Dhan

Freetrade

Fyers

Rakuten Trade

Baraka

Bajaj Broking

Frequently Asked Questions

How do we rank brokers?

How often are rankings updated?

Are these rankings paid placements?

What is the minimum deposit to trade forex in India?

Which is the top-rated broker in this list for 2026?

Key Trading Terms

Related Guides

BrokerRank Research

Related Rankings

Compare Top Brokers

Our Partner Brokers