What is Forex Trading in India? Legal or not?

Very interesting discussions on this forum. The company Which i have invested is fully regulated and i have never faced any difficulties in withdrawal either the Equity or profit…but when i checked with DSP Black Rock…there are lot of issues in the withdrawal which are pending for such a long time and i saw the review of your concern and the reviews are relay bad.. When comes to Scrutiny people knows how they suffer. Hello all, We all have been having this discussions about the legality of forex trading. Vamsi June 27,

Mar 11,  · In India, forex trading is legal only when it is done through registered Indian brokers. The National Stock Exchange (NSE) and Metropolitan Stock Exchange of India (MSE) are most commonly used stock exchanges in India.

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Each of the following Brokers are going to let you sign up to their Brokerages with no problems no matter where you live in India and you are also going to find that you can claim some large sign up and ongoing bonuses and promotional offers at each of the following sites. So keep on reading for you are going to be very hard pressed to find a better set of Brokers than those listed below! Below mentioned are some of the features provided by the brokers to its customers:.

LiteForex is one of the forex brokers who have commenced operation in India and following are the features they provide to their customers:. FXCM is one of the largest Forex broker across the world competing the other popular forex brokers. Their features include the following:. Following features are provided to their customers:. Top Forex Brokers in India for Forex Trading It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading opportunities.

Broker Offer Devices Review 1 st. Close Window Loading, Please Wait! This may take a second or two. Also known as Forex, foreign exchange or FX trading, currency trading is the most fluid market in the world. However, the legal status of forex trading in India is still a large question and the answer is not known to the majority. By Shivi Gupta in General Legal. Foreign exchange market in India is the largest decentralised global market where every currency in the world is traded.

Also known as Forex, foreign exchange or FX trading, currency trading in India is the most fluid market in the world. Forex trading is the exchange of one currency for another. Forex trading is always done in the pair of currencies, with one currency called base currency. Base currency is usually the domestic currency of the country where the trader resides.

The other currency is quote currency, usually the currency of another country. Is Forex trading legal in India and how to trade forex in India legally are the questions which have been the point of pressure for people dealing in foreign exchange.

Forex Trading is legal in India if it is done through registered Indian forex brokers. The first step in trading in forex is to open a forex trading account India with a SEBI registered forex broker in India. Once the account is set up, a person can trade in future and options currency derivatives. Forex trading in India is legal if the base currency is INR. A forex trade between two foreign currencies is illegal in India. This means overseas forex trading from India is illegal for Indian citizens.

Indian citizens are not allowed to send funds to overseas foreign exchange brokers both directly and indirectly.

Why RBI not allowed Overseas forex trading?

Forex trading from India is illegal and there is no doubt about it but we want to do it legally from India and its legal way is you can be NRI and use the own account into that particular country where forex trading is legally allowed and can remit your profits into NRE account and can show the concern authority about your earnings and pay taxex accordingly . Is Forex trading legal in India and how to trade forex in India legally are the questions which have been the point of pressure for people dealing in foreign exchange. Forex Trading is legal in India if it is done through registered Indian forex brokers. Thus, this short research is based on a number of short talks with local experts, reading the government regulation on ETF trading and Futures trading to find out whether or not Forex Trading is legal or illegal in India.