FOREX TRADING IN INDIA

vamsipenu Active member

44POSTS

12 years ago

DEAR ALL

PLEASE TELL ME THAT FOREX TRADING IN INDIA BY INDIVIDUAL IS LEGAL OR ILLEGAL

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karen ViP

4030POSTS

12 years ago

Hello vamsipenu.

Could you please lower capslock while writing on the forum, in order to facilitate the reading.

Thanks

Karen

whrhotel Member

15POSTS

12 years ago

In India, Forex trading is crime and person found involved in it immediately charged of violation of law. For more details you can also check our this link too.

vamsipenu Active member

44POSTS

12 years ago

But i think for NRI s it is allowed i hope so?

divy Guest

0POSTS

12 years ago

I think you can create forex account and trade in currency and derivatives.
do you have any demat account

Faiyaz143 Active member

53POSTS

12 years ago

Hi Vamsipenu,

As per my knowledge it is legal in India, however it is better to check with a India Nationalized Bank.

Faiyaz.

divy Guest

0POSTS

11 years ago

Forex in India is legal and you need to have an account to trade. However, I would like to know which software do you guys used to trade? I have tried using accounts from Angel broking, and Kotak but it was not that great as it lacks flexibility.

After bit of research and recommendation by one of friend who is in this field, he recommended me xStation at Sandton Direct. I think this is the best platform on the market. The reason I like it because it gives you complete freedom of using it anywhere as it requires no installation and you can use it anywhere you choose, from any device - home, office, internet cafes and computers.

May I know which software you guys are using and has anyone used xStation at Sandton Direct. Would love to hear from you guys soon.

Regards

kenjee ViP

19610POSTS

11 years ago

Hello mominwasi

Thank you for your participation on this thread.

However please note that the latter has been inactive since August 2013聽

Kenjee
大咖福利影院 Team

divy Guest

0POSTS

11 years ago

Yes, I saw that but I thought to ask the questions and share my view so as other user like me find it helpful or provide some helpful information according to this knowledge.