India INX: Exchange, Global Access and Eligibility

IFSCA

Regulator for the IFSC. It registers and supervises entities. It is not a broker and does not hold your money.

India INX (India International Exchange)

A BSE-group stock exchange in GIFT City. Trading members trade its listed USD products, such as SENSEX index contracts and currency derivatives.

NSE IX (NSE International Exchange)

The NSE-group IFSC exchange. GIFT Nifty is an NSE IX product, not an India INX product.

India INX Global Access IFSC Ltd (INXGA)

A separate company registered as a Global Access Provider. It introduces customers to licensed brokers and says it does not hold funds or securities or execute, clear or settle trades.

Executing broker and custodian

The executing broker routes the order to the overseas market. The broker, clearing firm or custodian named in your agreement holds or records your investment, often in street name. Check the precise legal entities and their responsibilities.

Exchange trading member

A firm admitted to trade on India INX or NSE IX. Exchange membership is separate from Global Access authorisation and from what each client is allowed to buy.

1. Step 1

   You

2. Step 2

   IFSC access provider

3. Step 3

   Executing broker / custodian

4. Step 4

   Overseas exchange

The access provider onboards you and passes your order to the executing broker. The executing broker sends it to the overseas exchange and holds the shares through its custodian. NSEIX Global Access, a subsidiary of NSE IX, follows a similar model. Since 1 November 2025, IFSCA requires Global Access client funds to be routed through a bank account in the IFSC, so the beneficiary you pay is set by your provider, not by the exchange.

• LRS allows up to US$250,000 per person per April to March financial year, across all purposes combined, not per bank or broker.
• LRS does not allow remittances for margin. IFSC derivatives such as SENSEX contracts on India INX or GIFT Nifty on NSE IX are not a standard resident LRS investment route; confirm the exact permitted route.
• IFSCA's Global Access framework (12 Aug 2025) limits residents to products permitted under FEMA and LRS, and excludes crypto-linked products.
• FEMA residence, tax residence and citizenship are different tests. NRIs need separate checks with their provider.
• TCS at 20% applies to investment remittances above ₹10 lakh a year. See charges and TCS.

1. 1

   Confirm your residency and the product you want

   FEMA residence, tax residence and citizenship are different tests. Residents and NRIs follow different rules, and the product decides the route.

2. 2

   Verify the entity and how your trade is handled

   Check the exact legal entity on the IFSCA directory, its registration type, exchange membership and who executes and holds your assets.

3. 3

   Compare fees, agreement, risks and complaint route

   Read the full fee schedule for your onboarding route, the client agreement, risk disclosures and where complaints go.

4. 4

   Complete the provider's KYC

   Each provider sets its own document list. Do not share documents anywhere except the provider's own onboarding channel.

5. 5

   Wait for account and segment approval

   Approval times vary by provider and case. A domestic demat or trading account does not replace the separate IFSC or overseas account.

6. 6

   Get current funding instructions and remit

   Take beneficiary details only from the provider's logged-in portal or official channel at the time you send money. Instructions can change.

7. 7

   Wait for available funds, then review the order

   Credit timing depends on banks, cut-offs and holidays. Check the market hours, order type, fees and currency before placing an order.

8. 8

   Keep records and withdraw by the current process

   Withdrawals follow trade settlement and the provider's current instructions, back to an account in your name.

The guide has the full checklist with examples, and the trading hours page shows when each market is open. Verify any provider on the IFSCA guide or compare providers in the GIFT City directory.