Since 2011, the forex trading in India is forex brokers india as illegal. IT has been confirmed by 5 private sectors and banks’ public sector. However, there is a way to trade Forex, you just have to know the law and be careful. In case you represent a corporation you will be able to trade, and it will not be seen as crime.
The conditionality, on the other hand, for the corporations that want to participate in the forex market is to use free dollars taken from their reserves. Plus they are conditioned to stick to leverage that is less than 10 times. Aside the fact that corporations are allowed to trade with dollars, individuals are forbidden to do so. RBI and knows that Forex trading will be considered as crime.
Many frauds are easily committed because of the illegality of forex trading in India. This is why the RBI issued instruction stating that other banks have be really careful when it comes to account storage. General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Brian is a fundamental and technical analysis expert and mentor.
Brian has been a part of the Forex and stock markets for more than ten years as a freelancing trader. Founded in 2013, Binary Tribune aims at providing its readers accurate and actual financial news coverage. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. How much do you want to invest?