Best zero brokerage trading app for options trading in India

Best zero brokerage trading app for options trading in India

In today's fast-moving financial world, options trading has become one of the most sought-after strategies by both novice and professional traders. Whether you're looking for a quick way to grow your capital or aiming to hedge against market volatility, options offer an attractive solution. But here's the catch: high brokerage fees can eat away at your profits fast.

Luckily, there's a growing number of zero brokerage trading apps that cater specifically to Indian traders who want to get started or scale up in the binary and digital options market. These platforms not only provide commission-free trading but also pack in features like real-time data, multi-asset support, flexible deposits, and easy-to-use interfaces.

So, whether you’re a complete beginner or a seasoned trader, this comprehensive guide walks you through the top 10 zero brokerage trading apps for options trading in India. We dive into their features, advantages, drawbacks, and give you our no-BS trader’s review for each. ⚡

See more: Top 10 Binary Options Brokers in India 2025

1️⃣ Quotex

Quotex is one of the fastest-growing platforms for binary and digital options. With its minimalist interface, lightning-speed execution, and low deposit threshold, it’s a go-to choice for Indian traders.

General Description:Quotex allows users to trade a wide range of assets, including currency pairs, crypto, and commodities. The platform is designed for both short-term and long-term strategies.

✅ Pros:

• Zero commission on deposits and withdrawals 🤑

• Supports instant deposits via UPI, Paytm, and more

• Customizable trading dashboard

• Trade from as low as $1

• Offers copy trading features

❌ Cons:

• No native mobile app in some regions

• Not regulated by SEBI (international regulation only)

Final Review:Quotex stands out for its speed and simplicity. It’s excellent for newcomers who want to start small and grow. Open Quotex Account to begin your trading journey today!

👉 Want a deeper breakdown? Read our full Quotex broker review

Or Visit the Quotex Official Website to explore more.

2️⃣ Pocket Option

Pocket Option is another heavy hitter in the zero brokerage space. Known for its broad asset library and social trading features, it’s great for both strategy learning and fast-paced trading.

General Description:This broker supports over 100 assets and offers various bonus programs for Indian users. The UI is modern, and the trading conditions are transparent.

✅ Pros:

• No brokerage or hidden charges 🔥

• Social trading and leaderboard competitions

• Offers MT5 integration for advanced users

• Trade starting from $1 only

• Accepts crypto and UPI deposits

❌ Cons:

• UI might be overwhelming for new traders

• Customer service can be slow during peak times

Final Review:With gamified elements and strong community support, Pocket Option is a power-packed app. Open a Pocket Option Account here.

Also check out our full Pocket Option broker review or Visit Pocket Option website.

3️⃣ IQ Option

One of the oldest names in the game, IQ Option offers solid infrastructure, a clean mobile app, and great educational content for Indian users.

General Description:The platform covers everything from binary to digital options, along with CFDs on stocks, ETFs, and more.

✅ Pros:

• Well-established reputation 📊

• Solid educational library

• Fast mobile app with a sleek UI

• Minimum trade: $1, deposit: $10

• Charting tools on par with premium platforms

❌ Cons:

• Delays in withdrawal reported occasionally

• Does not accept UPI (only international payment methods)

Final Review:IQ Option is ideal for those who value learning as much as earning. It's especially beginner-friendly. Recommended for serious learners.

4️⃣ Binomo

Binomo appeals to Indian users with frequent tournaments, bonus rewards, and a straightforward app design.

General Description:It allows trades on currencies, stocks, and indices with intuitive controls and solid speed.

✅ Pros:

• Bonus offers for Indian traders 🎁

• Supports INR deposits

• Multi-language support (including Hindi)

• Available on iOS and Android

❌ Cons:

• Fewer charting tools

• Limited asset options compared to others

Final Review:If you like bonuses and fast payouts, Binomo’s a practical choice. Best for casual or part-time traders.

5️⃣ Olymp Trade

Olymp Trade combines simplicity and flexibility with an impressive learning suite, making it perfect for both novice and pro traders.

General Description:You can trade options, FX, and crypto from a single dashboard. The broker is known for its mobile-first design.

✅ Pros:

• Intuitive UI 🖐️

• Strong education tools

• Accepts local payment gateways

• Trade from as low as INR 80

❌ Cons:

• Limited withdrawal options

• Short-term expiry options may be volatile

Final Review:Olymp Trade hits the sweet spot between education and execution. Great for stepping up your skills in real-time.

6️⃣ Deriv (Binary.com)

One of the few brokers with longstanding credibility, Deriv is suitable for traders who want flexibility and stability.

General Description:Deriv offers everything from binary options to multipliers and CFDs. It's heavily focused on automation and advanced tools.

✅ Pros:

• Offers DTrader and DBot automation 🤖

• Deep asset pool including synthetic indices

• Competitive spreads

• Good for advanced strategies

❌ Cons:

• Interface can feel outdated

• Lacks social trading features

Final Review:If you're into scripting, bots, or long-term binary strategies, Deriv is your playground. Stable and robust for pros.

7️⃣ Binarium

Binarium is a low-deposit broker that caters well to Indian users who are just getting started.

General Description:The app offers real-money trading with very low entry requirements, making it suitable for casual experimentation.

✅ Pros:

• Minimum deposit $5 only 💸

• Accepts UPI & local wallets

• Clean and fast interface

❌ Cons:

• Less asset variety

• Not ideal for large trades

Final Review:Binarium is a great testing ground if you’re new or risk-averse. Good for practice and small-scale trading.

8️⃣ ExpertOption

This broker focuses on speed and simplicity, with a mobile app that performs well even on slower networks.

General Description:ExpertOption supports dozens of assets and emphasizes execution speed.

✅ Pros:

• Fast trade execution ⚡

• Supports INR deposits

• Built-in technical analysis tools

❌ Cons:

• Overly simplified charting

• No demo account for long-term practice

Final Review:If you're mobile-first and trade frequently, ExpertOption offers a solid experience with minimal hassle.

9️⃣ RaceOption

A newer player in the Indian space, RaceOption offers aggressive bonuses and trading competitions.

General Description:This platform encourages social interaction and regular promotions.

✅ Pros:

• Weekly contests 🎯

• Crypto and fiat deposit options

• Multi-device sync

❌ Cons:

• Limited educational material

• UI can be inconsistent

Final Review:RaceOption feels fresh and competitive. Ideal for those who thrive on community and bonuses.

🔟 BinfxTrade

BinfxTrade is growing in popularity due to its quick sign-up, KYC-free trading, and localized services.

General Description:BinfxTrade operates with an India-focused support system and user experience.

✅ Pros:

• KYC-free trading 🧾

• Accepts Paytm and Google Pay

• Responsive mobile site

❌ Cons:

• Lacks mobile app

• No advanced charting tools

Final Review:A good fit for users who want to avoid paperwork and get started fast. Suitable for occasional traders.

Final Thoughts 🌟

Whether you're just getting started or scaling up, zero brokerage trading apps are changing the game in India. The top players like Quotex and Pocket Option are creating accessible, low-barrier paths into options trading.

From advanced tools to simple UIs and mobile-friendly designs, these brokers have something for every kind of trader. Choose wisely based on your style, risk appetite, and desired asset types.

FAQs ❓

1. What is the safest app for options trading in India?

Platforms like Deriv and IQ Option are considered safer due to their long-standing reputation and international regulation.

2. Which app is best for beginners in binary options?

Quotex and Binarium are beginner-friendly due to their low deposit requirement and easy interface.

3. Are these apps legal in India?

Binary options are not regulated by SEBI. However, many international brokers accept Indian traders legally under their global licenses.

4. Can I start trading options with ₹100?

Yes! Brokers like Olymp Trade and Pocket Option allow trades starting from INR 80–100.

5. Where can I read more about the best brokers?

Visit our full guide on Best Binary options brokers in 2025.

Ready to start trading? Choose your broker, create your account, and take your first trade today. The markets are open. Are you? 🚀