Forex Trading In India Legal Or Not
suvagadapaw.web.fc2.com Forex Trading In India Is Legal Or Not? Trade-in Forex market is done on the margin trading principles that means you can trade with a relatively smaller deposit for a bigger amount. In order to save foreign reserve and save country people from loss, RBI restricted forex trading.
SEBI is also in charge of registration of Forex brokers. Many people even today remain confused about whether Forex trading is legal or illegal in India. Well, it turns out that it is half-way legal, and that trading currencies is allowed if the traded currency pair includes the INR (Indian Rupee).
There is a rumour that forex trading will soon get legal in India through GIFT but i guess we will only be getting to trade Inr pairs against all currencies . there won't be pairs like EUR/USD now the government should allow forex trading in india because these days there are many who are trading Fx full time the government should allow the forex trader to pay taxes enough of tax evading by fx ...
Overseas Forex Trading From India is illegal for Indian. An Indian citizen cannot send directly or indirectly fund to Overseas forex Brokers.Overseas forex trading through electronic / internet trading portals.As per RBI circular RBI/2013-14/265 A.P. (DIR Series) Circular No. 46 Overseas forex trading through electronic or internet trading portals not permitted. let us find out Overseas Forex ...
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