Delta Exchange: India trading, fees, INR settlement and global scope

This profile’s operating detail concerns Delta Exchange India at www.delta.exchange. Its official India guide describes crypto derivatives and four spot pairs. Spot holdings stay inside the platform: customers cannot deposit outside crypto or withdraw coins to another wallet. Cashing out requires selling and withdrawing INR. The global site has a different contract and tariff, outlined separately below.[4]

The options guide settles contracts at 17:30 IST using the underlying index’s preceding 30-minute time-weighted average. Calls settle at the positive difference between that average and strike; puts use strike minus the average, floored at zero. Expiring positions close at settlement, while an earlier exit uses the actual order-book fill. Fair mark prices influence risk monitoring and short-option liquidation.[7]

The contract-specification interface returned undefined numeric fields. No universal live order minimum, position ceiling or leverage limit is established here. The fee example uses a 0.001 BTC lot; actual limits and increments depend on the selected symbol.[40][13]

There is a material GST inconsistency in the public pages. The homepage describes fees as inclusive of 18% GST, whereas the dedicated fee page multiplies its trading-fee example by 1.18. The calculations below follow that explicit worked basis and are illustrative, not an assertion that a quoted account debit will match either wording without confirmation.[13][1]

Perpetual funding is additional to trading fees and moves between longs and shorts. The guide multiplies current index-based position value by the funding rate; positive rates make longs pay, with the direction reversing for negative rates. A hypothetical $8,000 position at +0.01% costs the long $0.80 equivalent for that snapshot.[16]

BTCUSD’s published schedule uses 05:30, 13:30 and 21:30 IST snapshots. Other products can use shorter intervals, so holding for less than eight hours does not ensure zero funding. Only positions present at the snapshot participate. Received funding remains in the position margin until closure, and the transaction-log entry can appear five to ten minutes later.[15]

The Scalper programme requires KYC and prior opt-in. Eligible BTCUSD/ETHUSD futures closed within 30 minutes, or other eligible futures within 15 minutes, receive a closing-fee waiver. Since 25 September 2026, qualifying cash-paid BTCUSD opening fees also return as vouchers, capped at $100 monthly across main/subaccounts and valid 90 days. Options, PAXGUSD, SLVONUSD, XAUTUSD and liquidations are excluded. Institutional/market-maker and other named fixed-fee categories are excluded from the additional Diwali benefit. The offer cannot be deactivated after joining and can be changed or withdrawn.[29]

The India account maintains balances in INR in the Indian banking system, but displays derivative margin and P&L notionally in USD at a fixed ₹85 per dollar. This is an accounting conversion, not a customer-held dollar deposit or a floating USD/INR trade. The amount requested for bank withdrawal is entered in INR.[6]

The account’s bank details are whitelisted using the account number, IFSC and a ₹1 verification credit. Deposits should come from the registered bank or verified UPI ID; third-party or unverified transfers can be rejected or delayed. A published rail ceiling is not a guarantee that a bank or account review permits that amount.[37][17]

The binding terms allow withdrawals up to three days, larger withdrawals up to 30 days, and compliance-related delays.[2]

Large or unusual withdrawals may enter manual audit, with the review visible in the withdrawal dashboard. If compliance flags cancel the request, support describes a follow-up with required next steps. A completed security timer and a bank transfer marked complete are different stages of the process.[20]

There is no direct transfer of USDT from Delta Global into the India account. India’s funding guide describes withdrawing through another provider, converting to INR and depositing from a verified bank. Those external conversion and banking steps introduce their own fees, eligibility and timing; the two Delta interfaces are not a shared funding wallet.[39]

India terms permit pooled accounts and third-party custody, with entitlement recorded internally. Customers do not control private keys; named custody providers and insolvency priority were not established.[2]

Cross-margin liquidation also restricts account control: the guide says users cannot place or cancel orders or close positions while the liquidation engine is operating. It cancels orders when initial-margin requirements cannot be met, then reduces positions as required. The engine’s completion email records the action; manual intervention is not assured during the process.[11]

Delta’s Insurance Fund is a trading-risk mechanism for liquidated positions that cannot be closed before bankruptcy price. Its guide describes a 5% engine loss tolerance, beyond which auto-deleveraging can reduce profitable, highly leveraged counterparties. This does not establish deposit insurance, a personal policy limit, protection against custody failure or a guarantee that a profitable position stays open.[21]

Operational access also depends on ongoing screening. Delta’s AML policy allows source-of-funds or source-of-wealth requests, renewed identity checks and enhanced review for politically exposed persons. Compliance officers can restrict or deboard accounts. A successful initial verification therefore does not make every later transfer unconditional.[36]

India terms require eligible Indian residents, adults for individual accounts; access from outside India can be restricted, including during travel.[2]

The onboarding guide specifies PAN, Aadhaar and a selfie, followed by a bank account in the same name. Its three-minute verification estimate is a company process estimate. Business accounts face additional documentation under the terms; neither the app-store age rating nor a public trading page establishes account eligibility.[5]

The help centre promises a ticket reply within 12 hours, not a final resolution in that period. A grievance-resolution deadline was not established in the inspected operative material. Keep the ticket reference, order identifiers, timestamps and transaction logs together when escalating a disputed execution or withdrawal.[31]

The terms require written objection to an account record within three business days; live chat does not replace a required formal notice.[2]

The mis-trade policy permits review of erroneous, manipulated or disorderly executions and reversal of profits, including subsequent trades funded from annulled gains. It identifies option executions more than 20% away from theoretical price as potentially mispriced, with prompt reporting to the support address. Review can change the economic result of an apparently completed trade; annulment is not automatic compensation for every poor fill.[23]

Scheduled maintenance is normally announced at least 24 hours ahead. The disruption guide starts with cancel-only access, then freezes matching; reopening uses a post-only phase and single-price auction. Price-source failures or exceptional volatility can also interrupt trading and settlement. The guide’s frozen-stage sentence is internally inconsistent about cancellation, so it should not be treated as permission to cancel throughout an outage.[22]

API operators should monitor system_status. Delta’s notice replaced the announcements channel from 28 February 2026 and describes maintenance, degraded service, fallback and resumption events. A bot still submitting orders during maintenance has not secured execution merely because its signal was generated; a documented status channel is distinct from an emergency dealing facility.[25]

Delta India identifies Excelium Technologies Private Limited and reports FIU registration REID VA00041101. The AML policy describes customer due diligence and suspicious-transaction reporting under that framework. This is an operator claim checked against its legal/service documents; a current entity-specific FIU register record was not independently inspected for this profile.[3][36]

The terms expressly state that products are not traded on a recognised Indian stock exchange or offered through a SEBI-registered intermediary, absent specific written confirmation.[2]

These terms do not establish recognised-exchange protections. The separate Panama entity cannot inherit India’s registration. No verified registry permission is asserted.[32][2]

The company page identifies founders Pankaj Balani as chief executive, Jitender Tokas as chief business officer and Saurabh Goyal as chief technology officer. Its legal India operator is Excelium Technologies Private Limited; the global contract instead names Bit Protocol S.A. The common brand is not evidence of one client agreement or one pool of protection.[3][32]

The official Android listing, updated 17 October 2026, showed a 5 million-plus download band when checked on 20 October and named Excelium as developer. Downloads are not registered users, funded accounts or active traders. A comparable current exchange-wide volume and active-user series was not established, so no numerical global rank is assigned.[35]

Operator

Excelium Technologies Private Limited; separate global Bit Protocol S.A

Exchange model

Centralised

Service scope

India spot and derivatives; separately contracted global route.

Client types

Retail clients; Institutional clients

Pricing publication

Public pricing

Funding scope

India INR funding; no external crypto transfers.

Custody and asset handling

Custodial balances and internal entitlement records.

Client eligibility

India residents subject to verification; global exclusions differ.

Support

India chat, tickets and scoped escalation.

Authorisation and registration scope

Company-stated FIU registration; no verified permission row.

Exchange metadata checked 20 Oct 2026Source 1Source 3Source 2Source 4Source 5Source 32Source 31

Algo subscriptions are isolated from one another, with strategy-specific allocation limits and a 5–95% trailing-stop setting in the guide. A historical performance card or backtest is not a promised result. Immediate Exit can realise slippage and fees; requesting Force Exit is materially different from closing all copied positions immediately.[27]

India API trading keys require whitelisted IPv4/IPv6 addresses and signed requests. Trading permission covers orders, closing positions and margin/leverage changes. The default REST allowance is 20,000 weighted units per fixed five-minute window, with an additional 500 operations/second per product; a batch can contain at most 50 same-contract orders. HTTP 429 supplies a reset time. The inspected permission matrix does not establish bank-withdrawal authority.[24]

Referral commission is not trading collateral. Maker trades and options charged at the premium cap are excluded from the stated referral benefits; verification and applicable deductions still affect payment. Fee-voucher balances follow a different use and expiry rule. Neither form of reward should be added to withdrawable trading cash without checking its wallet classification.[38][28]

The export guide is useful for reconciling the account, but its tax labels are not a legal determination of a customer’s tax treatment. The profile makes no claim that all derivatives, spot trades or reward receipts share a tax classification. Preserve the original transaction categories and reconcile fees, funding and option cashflows before relying on a single displayed P&L total.[30]

Web trading, the Android app and TradingView provide different interfaces to the account. The reviewed integration guide documents order/account panels but does not establish identical chart layouts, saved preferences or all product capabilities across devices. Limits shown on the account and selected contract remain separate from the app’s general marketing description.[34][35]