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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
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Forex Trading Companies In India?
Forex Trading Companies In India
Top Forex Trading Companies In India?
Top Forex Trading Companies In India
Best Forex Trading Platforms In India?
Best Forex Trading Platforms In India
Best Forex Trading Platforms India?
Best Forex Trading Platforms India
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.
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.
Online Forex Trading India?
AVFX Capital offers online Forex trading services to traders in India. Here's how it works: AVFX Capital for Online Forex Trading in India Global Access: AVFX Capital provides access to the MetaTrader 5 (MT5) platform, which allows Indian traders to trade Forex, CFDs, and other financial instruments. Getting Started with AVFX in India Sign Up: Visit the AVFX Capital website to open an account. Download MT5: Use MetaTrader 5 to start trading. Start Trading: Practice on a demo account, then trade live with real funds.
Top Forex Brokers In India?
Top Forex Brokers in India (Including AVFX Capital) AVFX Capital Global presence with a user-friendly platform (MT5) and offers Forex & CFD trading. Regulated by global authorities.
Is trading forex in India legal?
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.
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.
Forex trading For Beginners Online?
Forex trading For Beginners Online
