TIER 1 · FINMA · CySECVerdict 6.5 / 10 · #56
Swissquote UPI deposit: does it work in India?
Short answerNot that we can confirm. Swissquote doesn't publish UPI or any Indian rupee method on its public pages. Swissquote is not on the RBI Alert List as of 24 Oct 2026; the RBI says the list isn't exhaustive.
The facts
UPI
Not confirmed
All deposit & withdrawal methods
Bank wire, Visa/Mastercard, SEPA, Local payment methods
Crypto (USDT)
Not published
Withdrawal time
Up to 24 hours processing
RBI Alert List
Not listed
Data as of 2026-10-24, from Swissquote'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 Swissquote with UPI?
Not that we can confirm. Swissquote doesn't publish UPI or any Indian rupee method on its public pages.
Can I withdraw from Swissquote to my Indian bank account?
Swissquote publishes: Up to 24 hours processing. Methods: Bank wire, Visa/Mastercard, SEPA, Local payment methods.
Is it legal to fund Swissquote from India?
Swissquote 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.