Is Forex trading allowed in India?
Forex trading is allowed in India only for pairs that have INR at base and only through Indian registered brokers.
Why is forex trading illegal in India?
As you all know FX trading is grey field area for trading from India. Thousands if not Lacs of traders however trade in Forex from India. This is because sending money outside India for FX trading is not allowed but no one can stop you if you are not sending money outside India from your Bank account.One can successfully trade Forex from India without any issues. Here is how:1] You first load some BTC in your BTC wallet from any of the exchanges available or via by purchasing from another BTC seller.2] Then you open an account with any of the Forex brokers who accept deposits in BTC or any other Cryptocurrencies. 3] Fund your trading account from the client portal of the forex broker by selecting BTC as deposit option.4] Withdraw back your profits into your BTC wallet from the fx trading account and sell the BTC back on any exchange or to another BTC buyer.Benefits of this method:1] No trace of your FX deposit activities. 2] No TAX liability on your fx trading profits.3] Cheap and easy way to fund.There are many FX brokers who accept BTC for trading: https://www.forexbrokerz.com/pag...Out of the above brokers I would personally trade with TradersWay because they have the lowest spreads and commissions and provide ECN platform. Also because they support Auto Copy service from meta traders which is the cheapest Signal provider. Fxopen is also not bad but its difficult to get past their verification.Why must one trade FX? 1] 1:1000 leverage on trading.2] Possibility to trade on MT4 which is free and is the best Charting platform to run Algos/Robots.3] I can trade 24*5 throughout the week from my Mobile phone.4] Since the FX pairs hardly move more than 1 or 2% per day it is a great place to trade Martingale strategies.All the Best!
How is forex trading in India? Is it illegal in India?
Forex trading is Illegal in India..including IQ Option.Trading on Demo account is fine I guess, but why? As you are not allowed as per LAW to do forex trading in India. For Demo account you can try FXCM.Only currency pairs involving INR (Indian Rupee) can be traded legally that too on Indian Exchanges. There are 4 such pairs available to trade. Trading on other pairs is illegal under FEMA Act. Trading in forex market through online broker is a Non-Bailable Offence in India.Indian government does not allows forex trading (it allows involving indian Rupees INR - like Usd/Inr , Euro/Inr) to do forex trading involving other currency obtaining a license is required. So better check before investing your capital.But Still it seems to be - many are trading at their own risk.-J A.Forex Trade 1, Trading for all ←Our WebsiteForexTrade1® ← Telegram Channel
Why is forex trading banned in India? Can I start blogging for forex affiliate marketing in India?
It is legally allowed to trade Forex within Indian Exchanges like BSE, NSE, MCX-SX. As per RBI guideline, all Indian resident including banks and financial institutions can do forex trading in currency pairs. The main currency pairs are USDINR, EURINR, GBPINR and JPYINR. So, if you are trading with brokers who have membership in mention exchange it is absolutely legal.Source: How to do Forex Trading in India?The commonly used exchanges on the national level are - Multi Commodity Exchange (MCX- SX) National Stock Exchange (NSE) The most commonly used exchange on the international level - COMEX Who are the Regulators of the Market The currency market is regulated jointly by the Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI).Source: Online currency trading in india, Currency Trading India, Derivative, Best Online Trading Experience
Is FOREX trading illegal in India? If yes, why are so many FOREX traders in India?
India is the second most populous country in the world that is home to one of the largest group of working class people, who have an increased affinity towards investing in the several attractive opportunities available throughout the globe. Forex trading is one of the very new investment concepts in India that was popularized by several brokers promising massive returns with minimal investments. An increasing number of broker scams and financial malpractices, along with the risky nature of Forex trading, has forced the Indian Government to put severe restrictions on the way Indian citizens are allowed to trade in the Forex markets.The Securities and Exchange Board of India (SEBI) is a Government appointed regulator that received its statutory powers in 1995 to regulate and supervise all financial entities dealing in the securities market. SEBI is responsible for overseeing the activities of brokers, companies, as well as individual investors to ensure that the securities market operates with integrity and transparency without affecting the overall stability of the Indian market.see more details……
Is Forex trading illegal in India? How can I trade in Forex if I wish to?
I have answered a similar question its here,Forex trading is Illegal in India..including IQ Option.Trading on Demo account is fine I guess, but why? As you are not allowed as per LAW to do forex trading in India. For Demo account you can try FXCM.Only currency pairs involving INR (Indian Rupee) can be traded legally that too on Indian Exchanges. There are 4 such pairs available to trade. Trading on other pairs is illegal under FEMA Act. Trading in forex market through online broker is a Non-Bailable Offence in India.Indian government does not allows forex trading (it allows involving indian Rupees INR - like Usd/Inr , Euro/Inr) to do forex trading involving other currency obtaining a license is required. So better check before investing your capital.But Still it seems to be - many are trading at their own risk.-J A.Forex Trade 1, Trading for all ←Our WebsiteForexTrade1® ← Telegram Channel
How does forex trading work in India? How does leverage work in the forex market?
Forex trading in the usual way is illegal in IndiaIn India, Foreign Exchange or Forex trading is not allowed. If someone is found trading Forex instruments on the forex market by the Reserve Bank of India’s representatives, he/she is immediately charged of violation of law. Hence it is legally a crime to involve in Forex trading and the charges of the crime are imprisonment in jail in this country. The offense is considered immense, the prediction of intensity can be deduced from this fact that it has been labeled to be non-bailable.Source: Forex Trading in India - Legal or Illegal - A Critical AnalysisHowever, there are legal ways to trade:It is legally allowed to trade Forex within Indian Exchanges like BSE, NSE, MCX-SX. As per RBI guideline, all Indian resident including banks and financial institutions can do forex trading in currency pairs. The main currency pairs are USDINR, EURINR, GBPINR and JPYINR. So, if you are trading with brokers who have membership in mention exchange it is absolutely legal.Source: How to do Forex Trading in India?The commonly used exchanges on the national level are - Multi Commodity Exchange (MCX- SX) National Stock Exchange (NSE) The most commonly used exchange on the international level - COMEX Who are the Regulators of the Market The currency market is regulated jointly by the Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI).Source: Online currency trading in india, Currency Trading India, Derivative, Best Online Trading Experience
Is internet forex trading legal?
Forex trading is legal in many countries, though its illegal in India. Its a profitable business but very risky. Before you start trading, education is a must or you stand the risk of losing your funds.Besides, a lot of brokers operate illegally without been regulated. So before you fund your account with any broker, you need to check their reviews online and confirm if that broker is regulated or not.If you need a regulated broker, I would recommend Forex and Derivatives Markets.