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 / Elefin / UPI deposit

NO LICENCE FOUNDVerdict 5.0 / 10 · #67

Elefin UPI deposit: does it work in India?

Short answerYes. Elefin accepts UPI from Indian clients. Elefin is not on the RBI Alert List as of 24 Oct 2026; the RBI says the list isn't exhaustive.

The facts

UPI

Yes

All deposit & withdrawal methods

UPI

Crypto (USDT)

Not published

Withdrawal time

Broker states 90% of withdrawals are automated; no processing times published

RBI Alert List

Not listed

Data as of 2026-10-27, from Elefin'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 Elefin with UPI?

Yes. Elefin accepts UPI from Indian clients.

Can I withdraw from Elefin to my Indian bank account?

Elefin publishes: Broker states 90% of withdrawals are automated; no processing times published. Methods: UPI.

Is it legal to fund Elefin from India?

Elefin is not on the RBI Alert List as of 24 Oct 2026; the RBI says the list isn't exhaustive. 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.