Exness 9.9UnlimitedIC Markets 9.81:5,000FP Markets 9.21:500Axi 9.11:1,000Fusion Markets 9.01:500Vantage 9.0UnlimitedDeriv 8.81:1,000Zero Markets 8.81:500GO Markets 8.71:500AvaTrade 8.51:400FBS 8.31:3,000LiteFinance 8.31:1,000Moneta Markets 8.11:1,000Octa (OctaFX) 8.11:1,000Exness 9.9UnlimitedIC Markets 9.81:5,000FP Markets 9.21:500Axi 9.11:1,000Fusion Markets 9.01:500Vantage 9.0UnlimitedDeriv 8.81:1,000Zero Markets 8.81:500GO Markets 8.71:500AvaTrade 8.51:400FBS 8.31:3,000LiteFinance 8.31:1,000Moneta Markets 8.11:1,000Octa (OctaFX) 8.11:1,000
Home / Rankings / BlackBull Markets / UPI deposit
TIER 2 · FSA-SC · NZ FSPR · FMA-NZVerdict 7.9 / 10 · #21

BlackBull Markets UPI deposit: does it work in India?

Short answerNot confirmed. BlackBull Markets offers Indian rupee bank transfers (Local Bank Transfer (INR)) but we haven't confirmed UPI itself. BlackBull Markets is on the RBI Alert List of unauthorised forex platforms (list of 19 Nov 2025). BlackBull Markets's own terms say it doesn't accept residents of India.
The facts
UPI
INR bank transfer only
All deposit & withdrawal methods
Local Bank Transfer (INR), Visa/Mastercard, Bank wire, Local bank transfer, Apple Pay, Google Pay, Skrill, Neteller, Bitcoin, Ethereum, USDT
Crypto (USDT)
Yes
Withdrawal time
E-wallets within 1 business day; cards 1-3 days; bank wire 1-4 days
RBI Alert List
Listed

Data as of 2026-10-24, from BlackBull Markets's own site and the sources on its full review. RBI list: RBI press release 2025-2026/1530, 19 Nov 2025.

Questions

Can I deposit to BlackBull Markets with UPI?

Not confirmed. BlackBull Markets offers Indian rupee bank transfers (Local Bank Transfer (INR)) but we haven't confirmed UPI itself.

Can I withdraw from BlackBull Markets to my Indian bank account?

BlackBull Markets publishes: E-wallets within 1 business day; cards 1-3 days; bank wire 1-4 days. Methods: Local Bank Transfer (INR), Visa/Mastercard, Bank wire, Local bank transfer, Apple Pay, Google Pay, Skrill, Neteller, Bitcoin, Ethereum, USDT.

Is it legal to fund BlackBull Markets from India?

BlackBull Markets is on the RBI Alert List of unauthorised forex platforms (list of 19 Nov 2025). Under FEMA, Indian residents may trade forex only in permitted forms on authorised platforms.

Which forex brokers accept UPI?

Brokers where we've confirmed UPI include Exness, Octa (OctaFX), XM, STARTRADER, Xellion Markets. Check each one's RBI Alert List status before funding.

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