Best Forex Brokers with UPI Deposit 2026

Compare top brokers in India accepting UPI payments (Paytm, PhonePe, Google Pay). Instant INR deposits.

Edith Balazs

Written by

Edith Balazs

Marcus Thompson

Fact Checked by

Marcus Thompson

Last reviewed:
By:Edith Balazs
Fact-checked by:Marcus Thompson

Top UPI Forex Brokers for 2026

The best forex broker for UPI deposits is Exness, which supports instant QR Code payments via Paytm, PhonePe, and Google Pay. We have verified 15+ brokers accepting UPI (Unified Payments Interface) to ensure they convert INR to USD at competitive market rates without hidden capitalization fees.

Which forex brokers accept UPI?

Exness, OctaFX, XM, and FBS are top-rated international brokers that accept UPI payments from all apps like Paytm, PhonePe, and Google Pay.

UPI Integration

Fees and speed.

Broker
ExnessZeroInstant
XMZeroInstant
IQ OptionZeroInstant
OctaFXZero1-3 hours
FBSZeroInstant

Detailed Broker Analysis

Recommended
Best UPI Broker.
4.8/5App Score

Exness sets the standard for UPI usage with its instant QR code system. Unlike others, they use real-time market rates for INR/USD conversion, saving you money on deposits.

Forex spread classLow
Minimum deposit₹0
Inactivity feeNo
Currency pairs107
Deposit methodsUPI, Paytm, PhonePe
Withdrawal fee$0
Recommended
Local Favorite.
4.5/5App Score

OctaFX allows you to pay directly via your UPI ID (VPA). They are known for their dedicated Indian support team reachable via Hindi live chat.

Forex spread classLow
Minimum deposit₹2,000
Inactivity feeNo
Currency pairs35
Deposit methodsUPI
Withdrawal fee$0
Recommended
Beginner Choice.
4.4/5App Score

XM integrates UPI through trusted local payment gateways. Their low ₹400 minimum deposit makes them accessible for Indian students and beginners.

Forex spread classLow
Minimum deposit₹400
Inactivity fee$5/mo
Currency pairs57
Deposit methodsUPI
Withdrawal fee$0

Frequently Asked Questions

Exness, OctaFX, XM, and FBS are top-rated international brokers that accept UPI payments from all apps like Paytm, PhonePe, and Google Pay.

Enter amount on your broker site, select UPI, and enter your VPA ID (e.g., mobile@paytm). You will receive a notification in your UPI app to approve the payment, or simply scan the generated QR code.

Yes, UPI is safe as it uses 2-factor authentication (MPIN). Just ensure you are paying to a verified merchant account provided by your regulated broker.

Direct withdrawals to UPI ID are rare. Instead, brokers process withdrawals via local IMPS/NEFT bank transfer to the bank account linked to your UPI ID.

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026