Forex trading is illegal in India because so that no Indian currency would be converted to dollars for trading.
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.
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
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.
yes
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.
No, there are no specific platforms for forex trading. There are a number of both manual and automated systems.
Forex trading is simply the act of exchanging one country's currency for that of another country. This is not illegal and is done all over the world at banking and other financial institutions. It is especially common amongst travellers who exchange their own currency for that of the country they intend to travel to.
"The Managed Forex has to do with trading.
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!
yes it's illegal if working without licence of DGCX but there are some companies working like this.
The companies that produce Forex trading guides are Oanda, FXCM, and Investopedia. Forex trading guides help an individual with beginner trading strategies.
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.