Guide

Upi Deposit Exness Step By Step

By Rohan Shah · March 30, 2026 · UPI Payment Rails for Trading Platforms

Updated April 2026 · 8 min read

Complete guide to upi deposit exness step by step for Indian forex traders using UPI deposits on Exness and XM. Both Exness and XM accept UPI deposits from Indian traders with instant processing and zero fees. This guide covers everything you need to know about upi deposit exness step by step in 2026.

Broker Comparison

Feature	Exness	XM
Min UPI Deposit	₹840 (~$10)	₹400 (~$5)
Deposit Speed	5-12 seconds	10-20 seconds
Deposit Fee	Free	Free
Signup Bonus	None	$30 no-deposit
EUR/USD Spread	0.6 pips (Std)	0.6 pips (Ultra Low)
Withdrawal Speed	22 seconds (e-wallet)	24 hours
Max Leverage	Unlimited	1:1000
Instruments	200+	1,000+
Regulation	FCA, CySEC	CySEC, ASIC
UPI Apps Supported	Google Pay, PhonePe, Paytm, BHIM	Google Pay, PhonePe, Paytm, BHIM

How to Deposit via UPI

1. Log in to your broker account (Exness Personal Area or XM Members Area)
2. Click Deposit and select the UPI payment method
3. Enter amount in INR (minimum ₹840 on Exness or ₹400 on XM)
4. QR code appears on screen with a payment link
5. Open your UPI app (Google Pay, PhonePe, Paytm, or BHIM)
6. Scan the QR code using your app's scanner
7. Verify amount and select your linked bank account
8. Enter UPI PIN to authorize the payment
9. Funds credited to your trading account in 5-20 seconds

The INR amount is automatically converted to USD at the interbank exchange rate with zero markup. Both brokers charge no fees for UPI deposits. You can start trading immediately after the deposit is credited.

Exness Account Types for UPI Depositors

• Standard (₹840 min): 0.6-pip EUR/USD spread, no commission. Best for most traders.
• Standard Cent (₹840 min): Cent lots for minimal risk testing. Ideal for beginners.
• Pro (₹16,800 min): 0.1-pip spreads, no commission. For experienced traders.
• Zero (₹16,800 min): 0.0-pip spreads, $7/lot. For scalpers.

After depositing via UPI, your funds are converted to USD at the interbank rate and credited to your chosen account. You can create multiple accounts and transfer between them. See complete Exness guide.

Complete Exness UPI Deposit Guide

Step 1: Open an Exness Account

1. Go to exness.com and click "Register"
2. Enter your email and create a password
3. Select India as your country of residence
4. Choose Standard account (best for beginners, ₹840 minimum)
5. Set leverage (1:100 recommended for beginners)
6. Select MT5 as your platform (faster than MT4)
7. Verify your email address

Step 2: Complete KYC Verification

1. Log in to Exness Personal Area (pa.exness.com)
2. Click "Complete Verification"
3. Upload Aadhaar card or PAN card (front and back)
4. Upload proof of address (bank statement, utility bill, or Aadhaar)
5. Verification is typically completed within 1-6 hours

Step 3: Deposit via UPI

1. In Exness Personal Area, click "Deposit" next to your trading account
2. Select "UPI" from the payment methods list
3. Enter the amount in INR (minimum ₹840)
4. Click "Deposit" — a QR code appears on screen
5. Open Google Pay, PhonePe, Paytm, or BHIM
6. Tap "Scan QR" and point your camera at the QR code
7. The amount auto-fills in your UPI app
8. Select your bank account
9. Enter UPI PIN to authorize
10. Done — funds appear in your trading account in 5-12 seconds

Step 4: Connect to MT5 and Trade

1. Download Exness Trading app (recommended for mobile) or MT5
2. Login with your Exness credentials
3. Your funded account appears with the deposited balance
4. Search for your desired instrument (EUR/USD, XAU/USD, etc.)
5. Place your first trade

Exness Account Types for UPI Traders

Account	Min Deposit	Spread	Commission	Best For
Standard	₹840 ($10)	0.6 pips	None	Beginners, small UPI deposits
Standard Cent	₹840 ($10)	0.6 pips	None	Learning with minimal risk
Raw Spread	₹16,800 ($200)	0.0 pips	$7/lot	Scalpers, active traders
Zero	₹16,800 ($200)	0.0 (30 pairs)	$7/lot	Focus on major pairs
Pro	₹16,800 ($200)	0.1 pips	None	Experienced traders, instant execution

Troubleshooting Exness UPI Deposits

Problem	Solution
QR code does not scan	Ensure good lighting. Try the UPI intent link (clickable link below QR). Switch UPI app.
Payment failed	Check bank balance. Verify UPI daily limit not exceeded. Try a different bank account.
Money debited but not credited	Wait 15 minutes (network delays happen). If still pending, contact Exness live chat with UPI reference ID.
UPI option not visible	Ensure country is set to India in your profile. UPI only shows for Indian-registered accounts.
"Merchant blocked" by bank	Some banks block forex broker payments. Try a different bank. Contact your bank to whitelist the merchant.

Frequently Asked Questions

Which broker has the lowest UPI deposit?

XM at ₹400 (~$5) plus a $30 no-deposit bonus. Exness requires ₹840 (~$10) minimum.

Are UPI forex deposits instant?

Yes, both Exness (5-12 sec) and XM (10-20 sec) process UPI deposits in real time.

Is there a fee for UPI deposits?

No, completely free. No fees from broker, bank, or UPI app. Conversion at interbank rate with zero markup.

Risk Disclaimer: Trading forex and CFDs involves significant risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Verify that forex trading is legal in your jurisdiction before opening an account. This article contains affiliate links.