Even states, I mean, America have restrictions on Forex trading, I only knew this recently, and it seems that the MT platform has taken a turn for all small agents to launch the Forex trading agency, most of them are not under legal control( check and will be surprised), It will be a real blow in the arm when it comes to withdrawal, Another trap is the bonus which is offered as a $500 deposit to get up to 100% bonus. If someone takes this greededly, then they are about to follow the hidden agenda of exceeding the bonus level. INFERENCE:…….. So you end up losing, so be careful, we can make money in our stocks and mcx if you are a disciplined trader with a bit of fundamental, I`m sure Rajendran is doing everything he can for that. After reading the RBI`s communications and the comments above, my conclusion is this: the RBI is more concerned about transferring money from an Indian resident to overseas Forex trading accounts, which is supposed to be prohibited by the RBI. Any payment by bank transfer, bank transfer, credit card, etc. I could not draw any conclusion that the RBI or the Indian government have banned Indian residents from trading forex in pairs such as EURUSD etc. The only point was that you can`t link your Indian bank accounts/credit cards to Indiabulls/ICICI/HDFC/Sharekhan like Indians etc. Sir, I had invested in the Forex market a few days ago from the name of iforex broker, which has a branch in Mumbai. Their representative motivated me to invest and I invested $100. With in one day the balance of my account zero obtained. I think it is a fruad corporate market regulated by them seif.sir I want to make a complaint about them. How can I live.i live in Bhubaneswar Forex trading can be done on a computer, laptop, tablet or smartphone.

Exchange rates for publicly traded currency pairs fluctuate significantly. Successful forex trading requires a personal device that can continuously track these fluctuations. ok that BOM website also intraday also my legal hope in.reuters.com/article/2013/09/20/india-intraday-idINDEE98J03Y20130920 Forex trading is legal in India and it is regulated by the Reserve Bank of India, so any forex trading you take the license of Reserve Bank of India and keep the record according to the guidelines I trade Forex with „iForex“ and „markets.com“ now a day. Are these brokers real? Should I continue with this or should I stop trading because people say it is illegal to trade Forex..? Are there any real Forex brokers online? But please let me know if anyone here is trading US E-Mini S&P500 futures? Is it legal to get the account funded by a friend residing in the United States to trade futures? I am currently considering opening an account with Interactive Brokers or optionExpress. There are many ways for a person to trade Forex by buying one currency and selling another in the same trade at the same time. Traditionally, and for a long time, forex trading transactions are usually handled by a forex broker. But with the growing popularity of online trading, one can easily reap the benefits of forex price movements by using derivatives such as CFDs (leveraged products that allow a trader, both individually and institutionally, to open a position for only a fraction of the total value of trading). Unlike non-leveraged products, one does not take ownership of the asset, but takes a position on the statement of „whether the market will rise or fall in value,“ a process that is more or less akin to simply predicting the outcomes of a particular set of facts matrix based on available data. Yes! It is very unfortunate that Forex trading is also illegal in countries like India and Pakistan, while its legal EVN is in a small country like Singapore and the United Arab Emirates. but I think if you have an A/C NRI; That its legal, tho` im not sure. Hello. Binary options trading is not considered margin trading.

Why is it illegal? Suppose a trader opens a position in a non-Indian pair, such as EUR/USD. If it lost, it would buy US dollars from the RBI, which would lead to an outflow of foreign exchange reserves, which would lead to a current account deficit. If you participate in Forex trading in India, you can use these tips to achieve successful returns that will help you comfortably achieve your investment goals. It is important to know your market and instrument in order to successfully navigate the trading landscape, which is why it is important to stay on top of events in the world that could affect currency movements. ONLY ONCE DID I SEND $100 FOR FOREX TRADING VIA HDFC BANK CREDIT CARD 1 YEAR AGO. I HAVE RECEIVED A WARNING LETTER FROM THE BANK AND THE RBI STATING THAT THIS IS ILLEGAL ACCORDING TO FEMA AND IF I REPEAT, LEGAL ACTION WILL BE TAKEN. SO I STOPPED IT AND INSTEAD DID FOREX TRADING THROUGH MY INDIAN STOCKBROKER, WHICH IS LEGALLY ALLOWED. You should all write it down to avoid any legal action DR. ANAND Can you also express your thoughts on why Alpari & Admiral Markets have local websites/offices? Are you an international Forex broker? Do you know how their funding channel works? Yes, you are right AJay, trading Indian cross-currencies is purely legal.

Forex trading is of course legal in India when it is done through a registered Indian Forex broker. The central authorities that regulate foreign exchange trading in India are the Reserve Bank of India (RBI) and the Securities Exchange Board of India (SEBI). In India, currency pairs such as US dollar and INR, euro and INR, British pound and INR, JPY and INR, etc. are legal. Forex trading in India is legal if the base currency is INR. Forex trading that takes place between two foreign currencies is considered illegal in India and Indian citizens are not allowed to exchange foreign currencies abroad directly or indirectly. There are many brokers where you don`t have to invest a single penny. Nevertheless, you can make a good profit from it. Take Instaforex, for example. You receive money for forum posts in your Instaforex account and can trade through it. If someone loses money, they simply lose their job.

Not even a single paisa is taken. When someone trades Forex with a broker, they need to make sure that the broker is registered with the exchange and has a good reputation. The broker`s leverage and margin options are also important. The broker`s fees must be chosen by the trader. The trader must choose whether the commission is fixed or whether the broker intends to profit by widening the spread between the bid and ask prices for the currency pair being traded. The broker`s first deposit should not be excessively large, and the deposit and withdrawal methods should be simple. The broker must provide traders with the currency pairs they wish to trade. I just had a chat session with someone from a UK Forex broker.

I inquired about the legality factor, to which he replied that they had people from India who trade Forex through their platform. Please explain. What you are talking about is fraudulent forex brokers taking all the capital from clients and running away. So it is better to have a clear picture of this issue and get the exact facts. Can I trade gold with the Forex platform? OANDA or FXPRO or IBFX etc. there are many companies that are good for this, like Instaforex, YouTradeFX My friend has a foreign account. I transfer my money to this account abroad. From this foreign account, I transfer money to the commercial broker. Here I trade on this account. After making a profit, I transfer the prize money to this foreign account.

From the foreign account in the name of my friends, I receive the fund (profit) at my local bank. Is there anything illegal about this? When a question arises. Medium pain. My friend from abroad, who does business as a partner, sends me the profit. Dear Anna, My name is Boobalan… I want to work in Forex trading, please help me, I want money for my trade this last month. I want $15000 in 8,00,000 Indian rupees.please help me give an idea on how to make money. My family is very poor in finances, please help me… my friends say a lot about forex trading site, but I don`t know how much money I got in forex, if someone you know that means telling Anna.

So what about alpari.in providing Forex trading services in India for currency pairs such as USD-INR, Euro-INR, JP-INR? Day trading, as the name suggests, is the act of opening and closing a trade on the same day. These transactions can take anywhere from minutes to hours at any time. With this strategy, traders can avoid significant losses due to market fluctuations overnight. Day trading is an easy and straightforward way to make money if the trader is new to Forex trading. It can reduce traders` risk while increasing their chances of winning. I stopped trading Forex these days. Start from scratch. Trading with nifty these days until a solid confirmation from RBI on the legality of trading in foreign exchange markets I need to clarify a doubt with you, please reply me. My trading account is in CDEQUI company, they offer NEST trading software. When I read your marketplace website, I learned about Metatrader. Can I use the Metatrader software to trade Nifty or MCX or Forex with my trading account present in CDEQUI? It`s something I`ve been looking for.

Rajendran has no idea of many things and he only scares others based on the RBI circular that talks about Forex trading. I was not informed of this by the broker. I will talk to them today when I read this article today and stop that if they are not willing to provide legal documents for it. But do I also have to inform RBI that I am not aware of this. What are the consequences today? That is exactly what I mean.