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It is not legal online. There is no regulation over the forex market in India except for a small segment of the equity market. You can invest in forex accounts through the NSE and the MCX. You need to have a trading account with them and the investments are in the form of derivatives. You are not buying or selling currencies. The returns are in the form of dividends and/or capital gains. These accounts can be opened with any bank. You can deposit money by cheque or cash or NEFT/RTGS. You can't trade in the forex market online.
Daniel Tyderm
Bhawya digitalsansth...
Is Forex Trading Legal In UAE ?
Digbitsfx
Forex Trading: Foreign companies can trade forex, CFDs, and binary options in UAE. As one of the most important financial centers in the Middle East, Dubai and the other Emirates of UAE serve as bases for forex traders and brokers.
UAE’s Securities Commodities Authority (SCA) regulates all non-banking financial activities, including forex Copy trading, CFDs, and other online activities. The primary objective of SCA is to enhance the UAE’s capital market and stimulate economic growth. By providing a steady channel and environment for forex investing, they are attracting foreign investments. All forex brokers are also regulated by the Central Bank of UAE, whereas licenses are issued by the Securities and Commodities Authority.
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Wiki User
∙ 12y agoThere is no legal recognition to Forex trading in India, but the Indian laws allow an Indian to send remittances of up to $25000 annual without asking for much of an explanation, so many traders are using this to trade with offshore online broker account.
Wiki User
∙ 13y agoYes, Trading Forex is legal in India.
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Where can one find a forex trading company in India?
In the country of India, Foreign Exchange or Forex trading is illegal. Any person found to be trading on the Forex market will be arrested and will face jail time.
How can you trade in forex online in India?
There are more online forex trading brokers are available worldwide. We need to shortlist with them by checking which country regulations they are like FSP, FCA, FSCL etc and checking trading brokers reviews.
How can you find a good coal trading company in India?
There are so many coal trading companies in India, Archean is one of the popular coal trading company located in India.
Is poligamy legal in India?
No, this is not legal in India.
In what city is the India Forex market based?
The India Forex market is based in the city of Mumbai. The corporate office is located at 7th Floor, Sangita Ellipse, Shahkar Road, Saraswati Bhawan Marg, Vile Parle(East), Mumbai.
Why is forex trading illegal in India?
Forex trading is illegal in India because so that no Indian currency would be converted to dollars for trading.
Which websites can assist with Forex trading in India?
Forex4you is one of the best forex trading platforms in India. A forex broker is a financial services firm that offers its clients the ability to trade foreign currencies. Through forex4you you can trade forex in India through a regulated, local forex broker.
Is forex and fxcm trading legal or illegal in Pakistan?
yes
Where can one find a forex trading company in India?
In the country of India, Foreign Exchange or Forex trading is illegal. Any person found to be trading on the Forex market will be arrested and will face jail time.
Is forex trading applicable in India?
There are no clear laws or rules that define this but in general citizens cannot trade forex directly of by themselves. They need to go through a regulated assigned forex broker. The income derived from forex trading is taxable as well. Forex trading is illegal in india but still some traders trade as of my view its better to trading in indian market like NSE,BSE or mcx safe payment and legalized in india so no worries about payment you can make money better then forex trading like trading in NIFTY and bank NIFTY in stocks index Search kuber trading school in google for more details
Is there any specific platform for forex trading?
No, there are no specific platforms for forex trading. There are a number of both manual and automated systems.
Is forex is a legal business?
Trading forex is legal and for most cases is not different from trading stocks (though you should check the law in your own country). There are some firms that present themself as forex brokers and are involved in illegal activity. Check if the broker is legit before opening an account!
What companies produce Forex trading guides?
The companies that produce Forex trading guides are Oanda, FXCM, and Investopedia. Forex trading guides help an individual with beginner trading strategies.
Where can a person find the latest Forex trading news online?
The latest Forex trading news can be found online from many specialized sources. One example is Forex-Experts, which provides regular updates on Forex trading.
What is one Forex trading company?
One Forex Trading company is a company that offers world wide trading. It offers online trading and mobile trading. Forex also offers many charting packages.
When did ACM begin trading in Forex?
ACM began trading in Forex, or foreign exchange, in 2004. Forex is trading currencies from different foreign countries against each other. There are many benefits to Forex trading, such as the 24 hour market and low transaction costs.
Are mentoring Forex Trading Signals programs worth it?
When you are selecting a forex advisor for trading, you should select that advisory company who has a good reputation in the market. And also Forex trading depends on the efficiency and analysis of your forex signal advisor.
