Which broker is better for India traders in 2026? Expert analysis across 12 categories.
For Indian traders exploring the forex market, choosing between EasyMarkets and Exness can define their trading experience. Both brokers are popular globally, but their suitability for India varies significantly. EasyMarkets, with a score of 3.4/5, is known for its fixed spreads and risk management tools, appealing to beginners who prefer predictable costs. Exness, scoring 4.8/5, stands out with ultra-low spreads, high leverage (up to 1:2000 see conditions), and deep liquidity that suits tech-savvy retail traders and growing middle-class investors in India. Local payment integration is a key differentiator: Exness supports UPI, IMPS, NEFT, Skrill, and USDT natively, while EasyMarkets relies more on international methods. With SEBI regulating only exchange-traded currency derivatives, Indian traders using these offshore brokers must rely on each broker’s own regulatory framework and reputation. This comparison breaks down spreads, platforms, regulation, deposits, and more specifically for the Indian audience.
| Instrument | EasyMarkets | Exness | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Exness |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Exness |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Exness |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Exness |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $100 | Exness |
Cost is critical for Indian traders who often execute frequent, high-volume trades. Exness offers raw spreads from 0.1 pips on major pairs like EUR/USD, with a small commission on Raw Spread accounts. In contrast, EasyMarkets uses fixed spreads starting around 1.0 pips with no commission. While fixed spreads provide certainty, they can be 3–5x wider during volatile periods, eating into profits. For a standard lot trade on EUR/USD, an Indian trader with Exness might pay $1–2 per round turn, whereas EasyMarkets could cost $10–15. Moreover, Exness does not charge swap fees on certain account types, beneficial for overnight positions. EasyMarkets offers rate freeze and deal cancellation features that cost extra, adding to total expenses. Indian traders aiming to minimise costs should lean towards Exness.
| Account Type | EasyMarkets | Exness |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | Exness |
|---|---|---|
| India (offshore) | Up to 1:2000 | Up to 1:2000 |
| Forex major pairs | 1:2000 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Exness |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Exness |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer MetaTrader 4 (MT4) and MT5, which are the gold standards for Asian traders, including India. Exness adds its own web platform and mobile apps with advanced charting and one-click trading, ideal for tech-savvy Indian users. EasyMarkets provides a simplified web-based platform and its own mobile app, which includes risk management tools like 'deal cancellation' and 'freeze rate'. However, EasyMarkets lacks automated trading via EA support on its proprietary platforms, whereas Exness fully supports EAs on MT4/MT5. For Indian traders who rely on algorithmic strategies or copy trading, Exness gives more flexibility. EasyMarkets may be simpler for beginners, but Exness’s platform ecosystem aligns better with the growing demand for automation among Indian retail traders.
| Factor | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Exness |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Exness uses a hybrid model combining market maker and STP, resulting in execution speeds under 100 milliseconds on average. EasyMarkets operates a dealing desk model, which can lead to requotes during volatile markets. For Indian day traders who scalp or trade news events, Exness offers faster fill rates and minimal slippage. EasyMarkets’ ‘no requote’ feature is helpful, but execution delays still occur. Overall, Exness provides a more professional trading environment for active traders.
| Safety Factor | EasyMarkets | Exness |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a nuanced topic for Indian traders. Both EasyMarkets and Exness are not regulated by SEBI; they operate under international licenses. EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia), offering strict client fund segregation and negative balance protection, but with lower leverage caps. Exness is regulated by the FCA (UK), CySEC, and the FSA (Seychelles), allowing higher leverage and more flexible conditions, but investor protection schemes may vary. For Indian traders, SEBI’s absence means they must rely on the broker’s regulatory reputation. Exness has a stronger track record in transparency and withdrawal speed, which matters for Indian users. Neither broker provides SEBI-level protection, so traders should start with small deposits and verify broker history independently.
| Payment Method | EasyMarkets | Exness |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | crypto takes 30–60 minutes, and bank cards or wires take 1 to 5 business days |
Depositing and withdrawing funds in INR is a major deciding factor for Indian traders. Exness leads by accepting UPI, IMPS, NEFT directly, with instant processing and no fees for most methods. Indian users can deposit via Skrill or USDT as well, with withdrawals processed within 24 hours typically. EasyMarkets does not support UPI, IMPS, or NEFT; its primary channels are credit/debit cards, Skrill, and USDT. This means Indian traders using EasyMarkets often face longer settlement times and currency conversion costs. For withdrawals, Exness processes requests to INR bank accounts via wire or e-wallet quickly, while EasyMarkets may take 2–5 business days. Given the growing preference for instant digital payments in India, Exness clearly offers superior convenience for funding and cashing out.
| Islamic Account Feature | EasyMarkets | Exness |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Muslim traders in India can open swap-free accounts with both brokers. Exness provides Islamic accounts across all account types, including Standard and Raw Spread, with no swap fees on overnight positions. EasyMarkets also offers Islamic accounts upon request, compatible with its fixed spread model. However, Exness’s Islamic accounts have more detailed terms, ensuring transparency about any administrative fees. Both brokers maintain compliance with Sharia principles, but Exness’s wider account availability gives it an edge for Indian Muslim traders who want flexibility without compromising religious requirements.
| Support Feature | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✓ | Exness |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support is available 24/7 for both brokers, but Exness offers dedicated Hindi language support and a larger team familiar with the Indian market. EasyMarkets supports English and multiple languages but lacks native Indian language assistance. Exness also provides a local phone number and faster response times via live chat. For India’s tech-savvy traders, reliable support in their time zone is crucial, and Exness delivers more consistently.
| Mobile Feature | EasyMarkets | Exness | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | Exness | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | EasyMarkets |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose Exness if you...
For Indian traders, Exness is the clear winner with a 4.8/5 score against EasyMarkets’ 3.4/5. Exness offers lower trading costs, wider acceptance of local payment methods like UPI, IMPS, NEFT, Skrill, and USDT, and faster execution that suits both retail and semi-professional traders. While EasyMarkets provides useful risk management features, its higher spreads and limited Indian payment options make it less competitive for cost-sensitive users. SEBI does not regulate either broker, so Indian traders must rely on the broker’s international licenses and track record. Exness’s transparency, regulatory credentials, and focus on Asian markets give it a strong edge. We recommend Exness for most Indian traders, but caution that trading with offshore brokers carries risks; always start with a demo account and verify compliance with FEMA guidelines.