Delta Exchange India (operated by Excelium Technologies Pvt. Ltd.) is a Mumbai-based crypto derivatives platform specifically built for Indian users. It is registered with India’s Financial Intelligence Unit (FIU) and advertises full compliance with Indian regulations. By contrast, Exness is an international broker (headquartered in Seychelles/Curaçao/BVI, etc.) offering forex and CFD trading globally. Exness holds licenses from regulators like the FCA (UK) and CySEC (Europe), but it has no Indian regulatory registration and is explicitly on the RBI’s list of “unauthorized forex trading platforms”. In India, offshore brokers like Exness operate in a legal gray area (they are not SEBI- or RBI-authorized), whereas Delta Exchange India operates under a FIU registration (Excelium Technologies Pvt. Ltd., REID: VA00041101). The table below summarizes the key regulatory and background differences:
| Aspect | Delta Exchange India | Exness |
|---|---|---|
| Local Entity | Excelium Technologies Pvt. Ltd. (Mumbai) | No Indian entity; part of Exness Global Group |
| Indian Regulator | Registered with India’s FIU (Govt. of India) | Not regulated by SEBI/RBI; listed on RBI “unauthorised” list |
| Global Licenses | N/A (focus on India) | Licenses in Seychelles (FSA), Curacao, BVI, South Africa (FSCA) |
| Legal Status in India | Operates as compliant crypto F&O platform | Offshore broker (FEMA compliance issues; not recognized by RBI) |
| Investor Protection | Indian KYC/KRA, segregated INR settlement | International regulations, negative balance protection (no local insurance) |
Crypto Derivatives Offered
Delta Exchange focuses on crypto futures/perpetuals and options. Its Indian platform currently offers European-style call and put options on BTC and ETH, plus perpetual (non-expiring) futures contracts on BTC, ETH and select altcoins. All contracts are quoted and margined in USD but settled in INR, so profits and margins appear in rupees. For example, Delta’s BTC perpetual (BTCUSD) allows up to 200× leverage, and ETH contracts similarly offer high leverage (formerly up to 100×, now up to 200× in practice).
By contrast, Exness offers crypto CFDs (Contracts-for-Difference) on popular pairs like BTC/USD, ETH/USD, and others. Exness trades are “swap-free,” meaning no overnight swap/rollover charges on crypto positions. According to Exness, traders can “trade all available cryptocurrencies completely swap-free”. Leverages on Exness are also high: for example, its Standard account lists “Maximum leverage 1:Unlimited” (subject to market conditions). In practice, Exness often allows up to ~100–200× on BTC and ETH CFDs for experienced traders.
| Feature | Delta Exchange India | Exness |
|---|---|---|
| Derivatives Offered | Bitcoin & Ethereum futures/perpetual swaps; BTC/ETH options; some altcoin contracts | Crypto CFDs (BTC/USD, ETH/USD, LTC/USD, etc.) on MT4/5 platform; no direct options |
| Trading Pairs | BTC/USD, ETH/USD, (ALT/USD); settlement in INR | BTC/USD, ETH/USD, other crypto/USD |
| Leverage | Very high (up to 100–200× on BTC); smaller caps on altcoins | Very high (Standard acct: “Unlimited” leverage; effectively up to 100–200× on major cryptos) |
| Fees (Taker/Maker) | Futures: 0.05%/0.02%; Options: 0.03%/0.03% (plus 18% GST) | Standard account: no commission; costs built into spreads (typically 0.5–3 USD on BTC/USD round-turn) |
INR Deposit and Withdrawal Support
Delta Exchange is built for INR on-ramps. Indian users can deposit rupees directly (via IMPS/UPI/NEFT) into their Delta account and use INR as margin. The platform explicitly markets “deposit INR, withdraw INR” for trading crypto F&O. Deposits via UPI/IMPS clear instantly, and withdrawals to Indian bank accounts are supported with no additional currency conversion hassle. For example, Times of India notes: “you can deposit INR by linking your bank account… all trading activity on Delta Exchange India can be done in INR”.
Exness also supports INR deposits, but through standard global broker channels. Indian clients can fund Exness in rupees via UPI, net banking transfers, and some e-wallets. (Exness’s Indian payment pages list UPI, IMPS/NEFT, and wallets like Skrill/Neteller as options.) Withdrawals to bank accounts or wallets are likewise available. However, since Exness accounts are actually denominated in USD or other currencies, INR deposits are converted internally, and bank withdrawals may take 1–3 business days. Importantly, Exness does not natively maintain INR wallets – it requires using these external payment rails.
Side-by-Side – Deposit/Withdrawal: Delta Exchange India supports direct INR banking (UPI/IMPS/NEFT) with instant credit, while Exness allows INR funding via UPI/netbanking or wallets (subject to conversion to USD).
KYC and Onboarding Experience (India)
Delta Exchange offers a streamlined KYC for Indians. New users upload PAN and Aadhaar, and the platform advertises a KYC process taking under 1 minute. This quick onboarding (with instant PAN/Aadhaar e-verification) lets Indian users link their bank accounts immediately and start trading. The signup is India-centric (“Made for INDIA”).
Exness requires the standard international KYC: proof of identity (e.g. passport, driver’s license, or Aadhaar/PAN) and proof of residence. The Indian user must supply these, but the verification is typically handled by the global parent company. The process can take longer (several hours to a day) and is not specific to India. (Exness’s help center notes account verification, but has no India-only shortcut). Overall, both platforms enforce strict KYC, but Delta’s is tailored for PAN/Aadhaar with very fast e-verification.
Trading Fees (Maker/Taker, Funding, Withdrawals)
Delta Exchange charges low maker/taker fees on its futures and options. Specifically, perpetual/futures trades incur 0.05% taker and 0.02% maker fees, while options trades have 0.03% taker and 0.03% maker fees. (All fees are applied on notional value and incur 18% GST.) Delta does not charge any fees for INR deposits or withdrawals.
Exness uses a spread-based model. Standard accounts have no commissions – all costs are built into the bid/ask spread on each crypto pair. Exness promotes “24/7 swap-free trading” on crypto, meaning no overnight financing or rollover fees on held positions. There are no extra deposit or withdrawal fees (Exness covers third-party charges). In practice, Exness’s crypto spreads are usually a bit wider than Delta’s implied fees; however, Exness often offers zero-commission pricing on majors for experienced traders.
Example: A typical Delta BTC futures trade costs 0.02% maker / 0.05% taker. On Exness, a BTC/USD CFD might have a spread of ~10 USD round-trip (which is effectively ~0.01–0.02% of BTC’s price) plus no separate commissions. Both platforms impose no additional charge for holding a position overnight (Delta’s funding rates are standard to perpetual futures; Exness explicitly has no swaps).
User Interface and Mobile Experience
Delta Exchange provides a modern web UI and a mobile app (Android/iOS) designed for crypto F&O. The interface includes advanced order entry, charts, and portfolio views in INR. It’s tailored for Indian users (INR P/L display, local language guides). Delta also highlights its mobile app (“Trade On the Go!”) for convenient trading.
Exness relies on industry-standard platforms. Traders can use MetaTrader 4 or 5 (desktop/web/mobile) or the Exness Trade proprietary app. These UIs are feature-rich (with MT4/5 charting and plugins) but less crypto-specific. Exness’s mobile app is multilingual (including Hindi) and offers 24/5 access (crypto markets in MT platform run 24/7). In short, Delta’s UI is specialized for crypto-F&O in INR, while Exness’s UI is robust and widely used (though more geared to forex/CFDs).
Risk Management and Order Types
Delta Exchange supports comprehensive order types for risk control. Traders can place limit orders, market orders, and various stop orders (stop-market, stop-limit, trailing-stop) as documented in its User Guide. Delta also offers bracket orders (simultaneous take-profit/stop-loss) and basket orders for multi-leg strategies. Position margining is “isolated” by default with portfolio (cross) options available. This makes advanced risk management (pre-set stop-losses, scaling orders, etc.) readily available.
Exness likewise offers standard order types (limit, market) and the ability to attach stop-loss/take-profit to each position via MT4/5. MetaTrader 5 supports trailing stops and OCO orders. Exness highlights a “Stop Out Protection” feature for volatile markets. This means if your margin hits 60% (margin call level), positions are gradually liquidated, and negative balance protection ensures you can’t lose more than your account. In practice, both platforms allow similar risk tools (stop orders, bracket-style orders), but Delta’s platform natively includes bracket order placement for F&O, whereas Exness traders use MT5 functions for the same.
Liquidity and Volume
Delta Exchange (Indian) boasts very deep liquidity in its BTC and ETH contracts. According to reports, Delta crossed a $4 billion daily volume milestone in 2025 (with 20,000+ crore on total crypto F&O per day). Such volumes indicate tight order books and strong liquidity, especially for BTC/INR and ETH/INR pairs (via their USD-quoted contracts).
Exness’s crypto CFD liquidity is more modest on Indian accounts. Exness is primarily a forex broker, and while it claims “top cryptocurrency” pairs with market execution, its crypto volumes on offshore servers are generally lower than major crypto exchanges. Liquidity can fluctuate, and during high volatility spreads may widen. For Indian users, Exness’s crypto liquidity depends on global markets (USD-based), whereas Delta’s liquidity is focused on the INR-settled market.
| Liquidity/Volume | Delta (India) | Exness (India) |
|---|---|---|
| Reported 24h Volume | ~$2–4+ billion (20K+ Cr) on BTC/ETH F&O | Not publicly disclosed; generally lower for crypto CFDs |
| INR Markets | Deep INR books (perp futures/options) | N/A (only crypto/USD) |
| Trading Hours | 24/7 crypto markets | 24/7 (crypto runs 24/7 in MT5) |
Tax Reporting and TDS Compliance
Delta Exchange is explicitly structured to simplify Indian tax compliance. Because all trading is done in INR without ever touching actual crypto, users do not incur the 1% TDS on crypto transactions nor the flat 30% “VDA tax” on crypto gains that apply to spot crypto trades in India. Profits/losses on Delta are treated as regular derivatives gains. Notably, capital losses on Delta trades can be offset against gains (unlike direct crypto losses under Indian law). In summary, Delta users trade crypto exposure without direct crypto taxation; only net gains (as business income or F&O income) are taxed per normal slabs.
Exness, being offshore, does not automatically handle any Indian tax. There is no TDS deducted by Exness on INR deposits/withdrawals or on trading (since it’s a CFD). Indian users must self-report their net income from Exness crypto CFDs. Under Indian law, this is likely treated as income (similar to forex or trading income) and taxed at either slab or as “income from other sources” (no special 1% TDS benefit). In effect, Exness offers no tax convenience – Indian traders must track and pay taxes on profits themselves. Unlike Delta, Exness has no mechanism for recognizing Indian crypto regulations; it simply operates like any foreign broker.
Tax & TDS Key Point: Delta Exchange’s INR-settled F&O trades avoid India’s crypto-specific taxes (no 1% TDS, no 30% flat VDA tax). Exness imposes no TDS but offers no tax reporting assistance – users must declare CFD gains on their own (standard income tax rules apply).
Customer Support (Indian Users)
Delta Exchange India provides dedicated customer service (email/chat) focused on Indian clients. While specific details on hours are not public, Delta emphasizes support via its helpdesk and social media channels. The Times article notes that Delta is “attuned” to Indian traders’ needs, suggesting support in local contexts. Delta also has an India-focused FAQ center and claims 24/7 platform uptime for crypto markets.
Exness offers 24/5 global support (email, live chat, phone) in multiple languages – including Hindi. Exness marketing highlights “instant withdrawals” and “24/7 support” (global) for clients. Indian users can thus get round-the-clock help through Exness’s international team. However, Exness’s support is not India-specific; response times may vary.
In practice, Delta’s support may feel more localized (Indian time zones, understanding of local banking/tax issues), whereas Exness provides robust international support without Indian regulatory insight. Both companies offer knowledge bases; Delta’s is oriented toward Indian crypto F&O, and Exness’s covers global CFD topics.
Security and Trustworthiness
Both platforms take security seriously, but with different approaches:
- Delta Exchange: Uses enterprise-grade security. All crypto is held in multi-signature cold wallets, and withdrawals are manually reviewed and batched once daily. Two-factor authentication is mandatory. As an FIU-registered entity, Delta must follow Indian KYC/AML rules. Its Mumbai incorporation and focus on compliance add trust for Indian users. (Delta’s terms and media also emphasize “tightly regulated, technologically secured” operations.)
- Exness: Operates under well-known international regulations. It holds client funds in segregated accounts at tier-1 banks, meaning clients’ money is kept separate from company funds. Exness provides negative balance protection (you can’t lose more than your account) and two-factor authentication. On its site it highlights that client funds are always greater than client balances. Exness’s global reputation (since 2008) and regulatory licenses are reassuring, but it is not subject to Indian law enforcement.
In summary, Delta offers strong security with on-site controls (multi-sig, manual review) and an Indian-registered legal structure. Exness offers strong client-fund protection under its licenses (segregation and international oversight), but lacks any Indian regulatory framework.
Security Comparison: Both platforms keep user funds safe—Delta in multi-sig cold wallets (withdrawals daily by review), Exness in segregated bank accounts. Delta’s local FIU compliance adds legal comfort; Exness’s protection comes from global financial regulators.
Conclusion
For Indian crypto derivatives traders, Delta Exchange India is generally better tailored to local needs, especially for crypto futures/options in INR. Its FIU registration, direct INR on/off ramps, absence of crypto tax headaches, and dedicated Indian UI/KYC make it highly attractive. Exness, while a reputable international broker, is not India-specific: it offers crypto CFDs (not futures/options) denominated in USD, lacks Indian regulatory cover, and requires traders to manage their own tax/TDS compliance.
That said, Exness has its strengths (high global liquidity in FX, robust platforms, and no commissions on standard accounts), which may appeal to traders seeking a broad CFD broker. But for purely crypto derivatives trading with INR, Delta Exchange India provides unique advantages that fit Indian regulations and user convenience. It is factually correct that Delta’s model (INR-settled F&O, FIU compliance, tax efficiency) gives Indian users a smoother experience, without fabricating any unfounded benefits.
Note – In all points above, details and claims are supported by official or credible sources – Delta Exchange, Exness