Top 5 Prop Firms for Indian Traders in 2026

For Indian traders, the biggest hurdle isn't the marketΓÇöit's the payments. With strict RBI controls on foreign exchange, finding a firm that accepts UPI or Local Bank Transfer is crucial.

1. FundedNext

Why: They championed the Indian market by introducing local bank transfers for both deposits and withdrawals. No crypto needed. You can pay via UPI and get paid directly to your HDFC/ICICI account.

2. FundingPips

Why: Their partnership with Rise allows for seamless payouts. While they heavily favor crypto, the low entry cost ($32) makes it accessible for Indian students and part-time traders.

3. The 5%ers

Why: Stability. They have never had issues paying out to India. Their "Instant Funding" model is popular among Indian scalpers who want to bypass the challenge phase.

4. FTMO

Why: The gold standard. FTMO pays out via bank transfer (SWIFT) which is whitelisted by most major Indian banks, ensuring your profits arrive safely, albeit with taxes deducted if applicable.

5. Smart Prop Trader

Why: Excellent support for Indian card payments. Many firms decline Indian Visa/Mastercards, but SPT has a robust gateway that works 99% of the time.

Regulatory Note

Always consult with a CA regarding "Freelance Income" vs "Trading Income". Most prop firm payouts are classified as export of services (contractor income), which can be beneficial for tax purposes in India.