# What are the order directing options available for Indian brokers? Do brokers cheat their customers?
**URL:** https://tradingqna.com/t/what-are-the-order-directing-options-available-for-indian-brokers-do-brokers-cheat-their-customers/135770
**Category:** Brokers
**Created:** [September 1, 2022, 1:03pm UTC](https://tradingqna.com/t/what-are-the-order-directing-options-available-for-indian-brokers-do-brokers-cheat-their-customers/135770 "2022-09-01T13:03:22Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@Navaneeth](https://tradingqna.com/u/Navaneeth)
#### Post date: [September 1, 2022, 1:03pm UTC](https://tradingqna.com/t/what-are-the-order-directing-options-available-for-indian-brokers-do-brokers-cheat-their-customers/135770/1 "2022-09-01T13:03:22Z")
Directing the orders by brokers to the exchange (NSE & BSE) and registered market makers of these exchanges are legitimate methods. I think the internalisation of orders (brokers fulfilling orders from their reserves and making small profits from the spread) is not acceptable in India. Mr. Nithin tweeted that payment for order flow is not legal, so that is clear.
I want to know
1. Is ECN ( Electronic communication network) legal in India?
2. Are these orders directed to exchanges directly by **Indian Brokers** (Found nothing from any brokers nor SEBI) or do they get the option to redirect order flow for incentives?
3. Is internalisation really legal in India and to what extent?
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### Author:  [@IRA](https://tradingqna.com/u/IRA)
#### Post date: [September 1, 2022, 1:06pm UTC](https://tradingqna.com/t/what-are-the-order-directing-options-available-for-indian-brokers-do-brokers-cheat-their-customers/135770/2 "2022-09-01T13:06:09Z")
I think you talking about Money for order flow 🤔
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### Author:  [@hossainanan](https://tradingqna.com/u/hossainanan)
#### Post date: [February 22, 2026, 8:40am UTC](https://tradingqna.com/t/what-are-the-order-directing-options-available-for-indian-brokers-do-brokers-cheat-their-customers/135770/3 "2026-02-22T08:40:42Z")
In India, everything has to ultimately hit the exchange.
SEBI rules are pretty strict compared to US markets. Payment for order flow like in the US model isnt really allowed here.
ECN as a concept exists globally, but in India equity orders are generally routed to NSE or BSE directly.
Internalisation is very limited in India because exchange transparency rules are tighter.
Still worth checking your broker’s order execution policy. I usually compare broker transparency details on TopAsiaFX before trusting execution claims.