Forex trading is illegal in india but many offshore forex brokers have office in india and canvasing the client to open the account company like bluemax capital,hantech markets ,even forex. then what is the legal going too?. Being from india, i had many doubts about legal aspects of forex trading. so, i took the opportunity to investigate and find answers to if forex trading is legal or illegal in india.. i am not a legal expert, hence my answers in this short commentary is not written for lawyers but for ordinary people looking for forex trading in india.thus, this short research is based on a number of short. Top forex brokers in india for forex trading. it does not really matter where you live in the world you are always going to find a large range of forex brokers who are going to be able to offer you a range of currency pairings and other forex related trading opportunities..
When we speak of forex trading in india, the rbi regulations limit the trader’s options.currently, the currency pairs available for forex trading across the world, are marked against the inr in india. hence, for a majority of traders, who deal in international transactions, it is a major disadvantage.. In india, forex trading is legal if the base currency is inr. a forex trade between two foreign currencies is illegal in india. a forex trade between two foreign currencies is illegal in india. this means if a forex trader does overseas forex trading from india , then it is illegal for indian citizens.. Forex trading in india. forex trading in india is illegal. what rbi allows and is generally understood as forex trading in india is trading in currency derivatives. read on to understand the nuances of this trade..
