TIER 1 · Nevis company registry · FCAVerdict 7.6 / 10 · #27
FXOpen UPI deposit: does it work in India?
Short answerNot confirmed. FXOpen offers Indian rupee bank transfers (NetBanking, INR QR code) but we haven't confirmed UPI itself. FXOpen is not on the RBI Alert List as of 24 Oct 2026; the RBI says the list isn't exhaustive.
The facts
UPI
INR bank transfer only
All deposit & withdrawal methods
NetBanking, INR QR code, Volet
Crypto (USDT)
Not published
Withdrawal time
Not published
RBI Alert List
Not listed
Data as of 2026-10-24, from FXOpen'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 FXOpen with UPI?
Not confirmed. FXOpen offers Indian rupee bank transfers (NetBanking, INR QR code) but we haven't confirmed UPI itself.
Can I withdraw from FXOpen to my Indian bank account?
FXOpen doesn't publish Indian withdrawal details. Published methods: NetBanking, INR QR code, Volet.
Is it legal to fund FXOpen from India?
FXOpen 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.