Prop Firms That Accept Traders From India (2026)
Updated · Ranked by our prop firm review methodology
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As of October 2026, all six prop firms we have reviewed accept traders from India: FTMO, The5ers, Topstep, E8 Markets, FundedNext and Alpha Capital. None is authorised by the RBI. No RBI rule we found names prop firm challenges, but the RBI restricts residents to authorised forex platforms and publishes an Alert List (19 November 2025) that names some forex brokers and prop firms.
India is not on FTMO's list of excluded countries for the FTMO Challenge. FTMO's futures programme has its own, longer country rules.
FTMO Challenge (2-Step): €540 for $100,000 · static max loss · 80%, up to 90% split · US traders: accepted
Read the full FTMO review →India is not among The5ers' forbidden territories (terms updated 23 September 2026). Payouts are made by Rise, crypto or bank transfer, with a 3.5% commission on each.
High Stakes (New): $405 for $100,000 · static max loss · 80%, up to 100% split · US traders: accepted
Read the full The5ers review →- 3
Topstep: best for futures traders
3.9 / 5India is not on Topstep's list of ineligible countries. Topstep offers futures traded on US exchanges only, with a monthly subscription (plus a one-time activation fee on the Standard path).
Trading Combine (Standard): $99 a month + $149 activation for $100,000 · end-of-day trailing max loss · 90% split · US traders: accepted
Read the full Topstep review → - 4
E8 Markets: best for daily payouts and product choice
3.8 / 5E8 Markets accepts India but lists it among countries with an allocation limit: E8 One accounts only up to $200,000; its other products are available in all sizes. Fees are not refunded with payouts.
E8 One (default settings): $488 for $100,000 · trailing, locks at initial balance max loss · 80% (90% or 100% at a higher fee) split · US traders: accepted
Read the full E8 Markets review → India is not on FundedNext's list of restricted countries, and it is not on FundedNext's list of countries without bank transfer payouts.
Stellar 2-Step: $549.99 for $100,000 · static max loss · 80%, up to 90% (95% with a paid add-on) split · US traders: accepted
Read the full FundedNext review →- 6
Alpha Capital: best for a choice of payout schedule
3.4 / 5India is not on Alpha Capital's list of restricted countries. Fees are not refunded, and $100,000 funded accounts bought after 21 July 2026 have a 2% per-asset limit on open losses.
Alpha Pro 8%: $577 (bi-weekly payouts) or $527 (on-demand) for $100,000 · static max loss · 80% (90% as a paid add-on on on-demand) split · US traders: not stated
Read the full Alpha Capital review →
Before you buy a challenge from India
A prop firm challenge is a fee-based evaluation on a simulated account, not a deposit with a broker: prop firm challenge explained. No RBI rule we found mentions prop firm challenges by name. As of October 2026, the Reserve Bank of India (RBI) permits residents to trade forex only with authorised persons, on RBI-authorised platforms or on recognised exchanges, and says residents who trade on unauthorised platforms are liable for penal action under FEMA. On 10 February 2023 it also warned residents about entities and websites promoting unauthorised forex platforms, including by “providing for ‘demo trading’ in ‘simulated environment’”. None of the firms on this page is authorised by the RBI. Whether a challenge falls under these rules is a matter of interpretation; a lawyer in India can advise: is forex trading legal in India.
The RBI publishes an Alert List of entities that are not authorised to deal in forex or to operate forex trading platforms; the current version is dated 19 November 2025. The RBI says the list is not exhaustive: an entity missing from it should not be assumed to be authorised. The list names some forex brokers and prop firms, without giving a reason for each entry. Check it before paying any overseas firm. This page lists firms that accept traders from India; it is not a statement that paying them is lawful for a resident of India, and that decision, with its risk, is the reader’s.
Country rules that matter for traders in India
| Firm | Accepts India | Market | Fee model |
|---|---|---|---|
| FTMO | Yes (FTMO Challenge) | Forex and CFDs; futures under separate country rules | One-off fee, refunded on the 2-Step Challenge |
| The5ers | Yes | Forex and CFDs | One-off fee, returned in parts |
| Topstep | Yes | Futures on US exchanges | Monthly subscription, plus activation fee on the Standard path |
| E8 Markets | Yes; E8 One up to $200,000 | Forex and CFDs | One-off fee, not refunded with payouts |
| FundedNext | Yes | Forex and CFDs | One-off fee, refunded with the first reward on Stellar 2-Step |
| Alpha Capital | Yes | Forex and CFDs | One-off fee, not refunded |
From each firm’s own help pages and terms, checked October 2026. Firms change country lists and payment methods often, so check them again before buying.
For a broker account instead of a challenge, see forex brokers that accept clients from India.
How we chose these firms
The list includes every prop firm we have reviewed that accepts traders from India, ranked by overall score under our prop firm review methodology. Some of these firms pay us a commission when a reader buys a challenge; this does not affect scores or order.
Comparisons and rankings
Frequently asked questions
Which prop firms accept traders from India?
Of the firms we have reviewed, FTMO, The5ers, Topstep, E8 Markets, FundedNext and Alpha Capital accept traders from India as of October 2026.
Are prop firms legal in India?
No RBI rule we found names prop firm challenges. The RBI permits residents to trade forex only on authorised platforms or recognised exchanges, publishes an Alert List of unauthorised platforms that names some forex brokers and prop firms, and has warned against forex promotion through demo trading in a simulated environment. Whether a challenge falls under these rules is a question for a lawyer.
Can I pay a prop firm challenge fee with LRS?
The RBI's LRS rules do not mention prop firm fees. They do list remittances for margin to overseas counterparties and for trading in foreign exchange abroad as not permitted.
How are prop firm payouts taxed in India?
This page does not cover tax. FTMO, FundedNext and The5ers state that the trader is responsible for any tax due; a tax adviser in India can say how payouts are treated.