International brokersfor Indian investors
Platforms residents of India can use to buy US stocks and ETFs under the Liberalised Remittance Scheme, and, for NRIs, the brokers licensed in their country of residence.
Broker Comparison
9 brokers compared in detail
Showing what residents of India may use under LRS.
Angel One US stocks
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +IFSCA Global Access Provider in GIFT City
- +Its disclaimer excludes margin, leverage and derivatives
Cons
- -No US options
- -Rolled out to selected customers from October 2026
- -Residents and citizens of India only, not NRIs
Appreciate
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +IFSCA broker-dealer (IFSC/BD/2022-23/0004)
- +US stocks and ETFs
Cons
- -No US options
- -NRI eligibility not stated
Borderless (formerly Stockal)
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +US stocks and ETFs under LRS
- +Also open to Indians living in the Middle East
Cons
- -No US options
- -Partner broker and details from app-store and press texts
Firstrade
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +International account open to residents of India
- +US stocks and ETFs
Cons
- -Options and margin are offered to others but may not be used with LRS money: keep the account cash-only
- -No India-specific product restrictions on its page
Groww US stocks
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +US stocks and ETFs, including fractional shares
- +Funded by netbanking from an Indian bank
Cons
- -No US options
- -Launched 22 October 2026, so terms may still change
- -Not offered to NRIs
INDmoney US stocks
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +IFSCA-registered broker-dealer in GIFT City
- +US stocks and ETFs funded under LRS
Cons
- -No US options
- -US investing for NRIs marked "coming soon"
Interactive Brokers
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +Dedicated overseas account type for Indian residents
- +Stocks, ETFs and bonds on many foreign exchanges
- +Also has an Indian entity for NSE accounts
Cons
- -Indian residents may not trade futures, options or margin products abroad
- -Short selling is not permitted for this account
tastytrade
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +International account for residents of India (cash account)
- +US stocks and ETFs
Cons
- -The platform is built around options, which residents of India may not trade with LRS money
- -India eligibility seen on a copy of its country list, not on tastytrade.com itself
Vested
Residents of India: stocks and ETFs on a cash account only. US options are not available to residents, nor futures, margin, CFDs or forex.
Pros
- +Cash account, no margin (stated in its help centre)
- +US stocks and ETFs
- +Open to residents of India, including NRIs
Cons
- -No US options
- -Global mutual funds and private-market products sit outside FINRA/SIPC cover
What LRS allows, and what it does not
The same rules apply whichever platform you use.
Permitted for residents
- Buying listed foreign stocks and ETFs on a cash (non-margin) account
- Remitting the money through your Indian bank under LRS, within the scheme's yearly limit
- GIFT City (IFSC) platforms, which give access to the same stocks and ETFs
Not permitted for residents
- US or other foreign options and futures
- Margin trading, margin calls and short selling abroad
- CFDs and forex trading on offshore platforms
Important notes
- Listing a platform here is a factual comparison of eligibility and account rules, not a recommendation to open an account or to buy any security.
- Platforms change who they accept: confirm eligibility and charges on the broker’s own website before applying.
- Some links may be referral links: we may earn a referral fee. It never changes which brokers are shown or how they are described.
- NRIs: the brokers shown depend on the country of residence you choose and are marked “Not available to residents of India”.
Sources (checked Tue, 3 Nov, 2026)
- RBI: Alert List of unauthorised forex trading platforms
- IBKR India: individual account
- IBKR India: NRI fact sheet
- tastytrade: international accounts
- Option Alpha: supported countries
- Firstrade: international accounts
- Vested: who can invest
- Vested: no margin
- INDmoney: US stocks
- Groww: US stocks and ETFs are live (22 Oct 2026)
- Angel One: US stock disclaimer
- Appreciate: US stocks
- Borderless
Learn before you open an account
How options work, what they cost and where the risks are, with Nifty and Sensex examples.