Which broker is better for India traders in 2026? Expert analysis across 12 categories.
Indian forex traders in 2025 have a growing number of offshore broker options, with EasyMarkets and Moneta Markets standing out for their support of local payment methods like UPI, IMPS, and NEFT. Both brokers cater to the tech-savvy retail crowd and the expanding middle-class investor base, offering platforms that work well on mobile and desktop. EasyMarkets, with a score of 3.4/5, is known for its simplicity and fixed spreads, making it ideal for beginners. Moneta Markets, scoring 3.3/5, appeals to more experienced traders with its raw spreads and advanced charting tools. While neither is regulated by SEBI, they follow international standards and accept INR deposits via Skrill and USDT as well. This comparison helps you decide which broker aligns with your trading style, budget, and local payment preferences.
| Instrument | EasyMarkets | Moneta Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Moneta Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Moneta Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Moneta Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Moneta Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $50 | EasyMarkets |
When comparing trading costs for India traders, EasyMarkets offers fixed spreads starting from 1.0 pips on major pairs like EUR/USD, with no commission on any account type. Moneta Markets, on the other hand, provides raw spreads from 0.0 pips but charges a commission of $3.50 per lot per side. For a trader executing 10 lots per month, EasyMarkets costs around $100 in spreads, while Moneta Markets may cost $70 in spreads plus $70 in commissions, totaling $140. Thus, for lower-volume traders, EasyMarkets is cheaper, but for high-volume scalpers, Moneta's raw model can be more cost-effective.
| Account Type | EasyMarkets | Moneta Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $50 |
| Entity / Asset | EasyMarkets | Moneta Markets |
|---|---|---|
| India (offshore) | Up to 1:2000 | Up to 1:1000 |
| Forex major pairs | 1:2000 | 1:1000 |
| 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 | Moneta Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | ✗ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | Moneta Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | Moneta Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
EasyMarkets provides its proprietary web platform and mobile app, which are user-friendly and include built-in risk management tools like dealCancellation and guaranteed stop-loss. Moneta Markets offers MetaTrader 4 and MetaTrader 5, the industry standard for advanced charting, automated trading, and custom indicators. For India's tech-savvy traders, Moneta's MT4/5 suite is more powerful, while EasyMarkets' simplicity suits those who prefer a streamlined experience. Both platforms are available on iOS and Android, ensuring seamless trading on the go.
| Factor | EasyMarkets | Moneta Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Moneta Markets |
| 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 |
EasyMarkets uses a market maker model with instant execution and no requotes, ensuring orders are filled at the quoted price. Moneta Markets offers ECN/STP execution with no dealing desk intervention, providing direct market access and faster execution speeds. For India traders, Moneta's execution is better for scalping and high-frequency strategies, while EasyMarkets' fixed spreads and guaranteed stops suit longer-term positions. Both have low latency, but Moneta's raw execution is preferred by active traders.
| Safety Factor | EasyMarkets | Moneta Markets |
|---|---|---|
| Primary regulator | CySEC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✗ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles, offering client fund segregation and negative balance protection. Moneta Markets is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines and also holds a license in South Africa (FSCA). For India traders, neither broker is regulated by SEBI, meaning you trade under international jurisdiction. This is common for offshore forex brokers serving India, but it's important to understand the lack of local investor protection. Both brokers, however, adhere to KYC and AML norms, ensuring secure transactions.
| Payment Method | EasyMarkets | Moneta Markets |
|---|---|---|
| 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) | Internal Processing: Generally handled within 24 hours by the finance team.Credit/Debit Cards: 1 to 5 business days to fully reflect.Bank Wire / International Transfers: 3 to 5 business days to complete. |
Depositing and withdrawing funds is straightforward for Indian traders at both brokers. EasyMarkets supports UPI, IMPS, NEFT, Skrill, Neteller, and USDT, with no deposit fees and a minimum of $100. Withdrawals are processed within 1-2 business days, and you can use the same method as deposit. Moneta Markets also accepts UPI, IMPS, NEFT, Skrill, and USDT, with a lower minimum deposit of $50. Withdrawals are free and processed within 24 hours for e-wallets. USDT deposits via TRC20 or ERC20 are available at both, giving crypto-savvy traders an alternative. Always ensure your withdrawal method matches your deposit method to avoid delays.
| Islamic Account Feature | EasyMarkets | Moneta Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both EasyMarkets and Moneta Markets offer swap-free Islamic accounts for Indian Muslim traders who wish to trade without earning or paying interest (Riba). EasyMarkets provides this automatically upon request, with no additional fees or restrictions on trade duration. Moneta Markets requires a manual application and approval, and the account is typically available for all instruments. There are no hidden charges, but Moneta may limit the holding period for certain instruments to prevent abuse. Both brokers ensure the accounts comply with Sharia law, making them suitable for religiously observant traders in India.
| Support Feature | EasyMarkets | Moneta Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
EasyMarkets offers 24/5 customer support via live chat, email, and phone, with support available in English and several other languages. Moneta Markets provides 24/5 support through live chat and email, with a dedicated account manager for VIP clients. For India traders, both brokers have responsive live chat, but EasyMarkets has a slight edge with faster response times. Moneta's support is more technical, suitable for platform-related queries.
| Mobile Feature | EasyMarkets | Moneta Markets | 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 | Moneta Markets | 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 Moneta Markets if you...
For India traders in 2025, the choice between EasyMarkets and Moneta Markets comes down to experience and trading style. EasyMarkets (3.4/5) is better for beginners and those who value fixed costs, simplicity, and built-in risk management. Moneta Markets (3.3/5) suits tech-savvy, active traders who want raw spreads and the flexibility of MT4/5. Both support UPI, IMPS, NEFT, Skrill, and USDT, making INR deposits easy. Since neither is regulated by SEBI, ensure you use the LRS route for fund transfers. Ultimately, EasyMarkets wins on ease of use, while Moneta Markets offers better value for high-volume traders.